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Sterne Agee Comments On Nike's Disappointing 3Q11
Friday, March 18, 2011 - 9:02am | 213In a report published by Sterne Agee, Nike (NYSE: NKE) printed 3Q11 EPS of $1.08 versus its estimate of $1.17, FC of $1.11, and $1.01 LY. Sterne Agee said that the miss was driven by a 100bp decrease in merchandise margins, caused by material cost increases and 50bps of margin pressure due to...
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Citi Leaves Nike Buy, $95 PT Unchanged (NKE)
Friday, March 18, 2011 - 8:59am | 100Citi left its Nike (NYSE: NKE) Buy rating and $95 price target unchanged in a research note published today. In the report, Citi states, " With the stock pulling back below $80 in after hours trading, we view it as a buying opportunity. We like NKE as a LT play on apparel growth, emerging mkt exp...
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Benzinga's Top Pre-Market NASDAQ Losers (NKE, ARMH, NYX, VOD)
Friday, March 18, 2011 - 8:20am | 115Nike Inc (NYSE: NKE) dipped 6.92% to $79.50 in the pre-market session. NKE reported downbeat FQ3 results. ARM Holdings plc (NASDAQ: ARMH) fell 1.01% to $25.48 in the pre-market session. ARMH's PEG ratio is 4.25. NYSE Euronext (NYSE: NYX) moved down 0.23% to $35.25 in the pre-market session. NYX'...
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Nike Downgraded To Neutral From Buy; Removed From Conviction Buy List - Goldman (NKE)
Friday, March 18, 2011 - 8:14am | 35Nike downgraded to Neutral from Buy and removed from conviction Buy list - Goldman (NYSE: NKE). Goldman had a Buy rating on Nike since September 2009.
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US Stock Futures Up After G-7 Intervention, China Raises Banks' Reserve Requirement Ratio
Friday, March 18, 2011 - 6:55am | 377US stock futures are higher this morning, as finance ministers and central bankers from the G-7 nations decided to intervene in currency markets to support Japan in curbing the Japanese currency's rise after strong earthquake and tsunami. Futures for the Dow Jones Industrial Average surged 63...
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Mad Money Lightning Round: Cramer Advises Investors To Buy Boeing (MCD, ICON, NKE, VZ, GSS, AAPL, BA, KOG, SA, MHS, T, VZ)
Friday, March 18, 2011 - 1:15am | 400On CNBC's Mad Money, Jim Cramer said during the Lightning Round that McDonald's (NYSE: MCD) is “at $73 and yields 3.3%.” He added, “I'd love to get it at 4% but it probably won't get there. I give it a triple buy." For Iconix Brands (NASDAQ: ICON), he said, "Nike Inc (NYSE: NKE) reported a bad...
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Stocks To Watch For March 18 (NKE, LDK, PERY, CPWM, PLL)
Friday, March 18, 2011 - 1:13am | 315Some of the stocks that may grab investor focus today are: Nike Inc (NYSE: NKE) reported its FQ3 profit at $523 million, or $1.08 per share, up from $497 million, or $1.01 per share, in the year-ago period. The company's sales increased 7% to $5 billion. However, analysts were expecting earnings...
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Nike Misses On Both Top And Bottom Lines (NKE)
Thursday, March 17, 2011 - 4:36pm | 149Nike (NYSE: NKE) released its Q3 earnings results on Thursday after the closing bell. The company reported net income of $523 million or $1.08 per share, compared to $497 million or $1.02 per share in the year ago period. This compared to Wall Street consensus EPS estimates of $1.11. Revenues...
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Nike Reports Q3 EPS of $1.08 vs. $1.11; Revenues $5.1B vs. $5.17B
Thursday, March 17, 2011 - 4:16pm | 53NIKE, Inc. (NYSE: NKE) today reported financial results for its fiscal 2011 third quarter ended February 28, 2011. Revenue $5.1 billion; up 7 percent versus prior year or up 8 percent excluding currency changes Diluted earnings per share up 7 percent from prior year to $1.08
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Former Board Chair of Circuit City, Carmax, Joins Star Scientific Board
Thursday, March 17, 2011 - 9:42am | 89Star Scientific, Inc. (Nasdaq: CIGX) announced today that Richard L. Sharp has been elected to the company's board of directors. Mr. Sharp, who will serve as an independent director, is the former CEO and Chairman of Circuit City, the electronics retailer and Carmax (NYSE: KMX). He currently...
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Reminder: Nike Q3 Earnings Conference Call At 5:00pm (NKE)
Thursday, March 17, 2011 - 8:13am | 25Reminder: Nike's (NYSE: NKE) Q3 2010 earnings conference call is scheduled for today at 5:00pm EST.
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US Stock Futures Up As Investors Await Economic Data; Nike, FedEx To Report Earnings
Thursday, March 17, 2011 - 6:37am | 503US stock futures are higher this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average gained 62 points to 11,640.00 and futures on the S&P 500 stock index climbed 9.60 points to 1,263.50. Nasdaq 100 futures rose 9.75 points to 2,218.25. US stocks...
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Earnings Scheduled For March 17 (ATU, NWY, CMRG, NKE, CDCS, LULU, FDX, WGO, ROST, CPWM, SCVL, DLIA)
Thursday, March 17, 2011 - 2:32am | 351Actuant Corporation (NYSE: ATU) is expected to report its Q2 EPS at $0.30 on revenue of $328.18 million. New York & Company Inc (NYSE: NWY) is estimated to report its Q4 earnings at $0.17 per share on revenue of $302.81 million. Casual Male Retail Group Inc (NASDAQ: CMRG) is projected to post...
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Stocks To Watch For March 17 (ROST, FDX, GES, NKE, WGO)
Thursday, March 17, 2011 - 2:25am | 288Some of the stocks that may grab investor focus today are: Wall Street expects Ross Stores Inc (NASDAQ: ROST) to report its Q4 earnings at $1.37 per share on revenue of $2.12 billion. ROST shares fell 0.99% to close at $69.15 yesterday. Analysts are expecting FedEx Corporation (NYSE: FDX) to...
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Standpoint Research Upgrades Crocs to Accumulate
Wednesday, March 16, 2011 - 3:57pm | 20Standpoint Research Upgrades Crocs (NASDAQ: CROX) from Hold to Accumulate