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Crocs, Inc. Announces Departure of CFO Russell C. Hammer
Wednesday, December 22, 2010 - 5:05pm | 48Crocs, Inc. (NASDAQ: CROX) announced today that Russell C. Hammer has resigned as Chief Financial Officer effective December 31, 2010 in order to join a Chicago based public company as its chief financial officer. A search for Mr. Hammer's successor is underway.
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Commodity ETFs Getting Hit Hard Today (BAL, JO)
Wednesday, December 22, 2010 - 2:47pm | 124A couple of strong performing commodity ETFs this year are pulling back today, as light volume trades are affecting the prices of these ETFs. iPath DJ-UBS Coffee Subindex Total Return SM Index ETN (NYSE: JO) is down 76 cents to $62.29, a loss of 1.2%, while shares of iPath DJ-UBS Cotton Subindex...
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Consumer Goods Sector Lagging
Wednesday, December 22, 2010 - 2:35pm | 86The consumer goods sector is lagging the overall market today, which is about 0.2% higher across the board. The sector is obviously led by Procter & Gamble (NYSE: PG), whose shares are down 0.3%. Other notable underperformers today are Nike (NYSE: NKE), Coach (NYSE: COH), and Coca-Cola (NYSE:...
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Nike Beats on Strong Top line - Analyst Blog
Wednesday, December 22, 2010 - 11:33am | 516Nike Inc. (NKE) posted strong fiscal 2011 second-quarter earnings of 94 cents per share, reflecting a growth of 24% from the year-ago earnings of 76 cents. Earnings for the quarter also surpassed the Zacks Consensus Estimate of 88 cents. Healthy top line growth coupled with higher gross margin...
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Company News for December 22, 2010 - Corporate Summary
Wednesday, December 22, 2010 - 11:03am | 426• Walgreen (NYSE:WAG) reported better-than-expected fiscal first quarter earnings of $0.62, ahead of the Zacks Consensus Estimate of $0.54, on revenues of $17.34 billion, that topped the Zacks Consensus Estimate of $17.29 billion • Navistar International (NYSE:NAV) reported fiscal third quarter...
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Nike Beats on Strong Top line - Analyst Blog
Wednesday, December 22, 2010 - 11:00am | 516Nike Inc. (NKE) posted strong fiscal 2011 second-quarter earnings of 94 cents per share, reflecting a growth of 24% from the year-ago earnings of 76 cents. Earnings for the quarter also surpassed the Zacks Consensus Estimate of 88 cents. Healthy top line growth coupled with higher gross margin...
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Company News for December 22, 2010 - Corporate Summary
Wednesday, December 22, 2010 - 10:39am | 426• Walgreen (NYSE:WAG) reported better-than-expected fiscal first quarter earnings of $0.62, ahead of the Zacks Consensus Estimate of $0.54, on revenues of $17.34 billion, that topped the Zacks Consensus Estimate of $17.29 billion • Navistar International (NYSE:NAV) reported fiscal third quarter...
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Goldman On Nike: 2Q Strong, But Still Falling Short
Wednesday, December 22, 2010 - 9:31am | 138Goldman Sachs has published a research report on Nike, Inc. (NYSE: NKE) after the company reported a solid 2Q. In the report, Goldman writes "NKE reported 2Q11 EPS of $0.94 above GS $0.91/FC $0.88 and 24% above LY. Total sales were +10%, essentially in line with FC, and upside came primarily from...
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NIKE Down 5% In Pre-Market As Future Orders Disappoint (NKE)
Wednesday, December 22, 2010 - 9:10am | 172NIKE, Inc. (NYSE: NKE) is down over 5% in pre-market trading this morning, despite beating earnings estimates yesterday. This is due to future orders from the Oregon-based company coming in lower than Wall Street expected. To combat rising input costs, Nike said it might undertake some targeted...
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FBR Capital Price Target Changes (NKE, CFFN, SBNY)
Wednesday, December 22, 2010 - 8:55am | 43FBR Capital makes price target changes on the following companies: Nike (NYSE: NKE) from $90 to $98. Capitol Federal (NASDAQ: CFFND) from $18.55 to $13. Signature Bank (NASDAQ: SBNY) from $48 to $54.
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US Stock Futures Mixed As Investors Await Data On Economic Growth And Existing Home Sales
Wednesday, December 22, 2010 - 7:50am | 293US stock futures are mixed this morning, as investors are awaiting data on economic growth and existing home sales. Futures on the Dow Jones Industrial Average gained 1 point to 11,472.00 and S&P 500 index futures gained 0.20 point to 1,250.90. Nasdaq 100 futures fell 2.25 points to 2,233.00....
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Stocks To Watch For December 22 (RHT, BBBY, NKE, WAG, HOV)
Wednesday, December 22, 2010 - 4:36am | 256Some of the stocks that may grab investor focus today are: Red Hat Inc (NYSE: RHT) reported its Q3 earnings at $0.13 per share, up from $0.08 per share, in the year-ago period. The company's adjusted earnings came in at $0.20 per share. RHT's revenue increased 21% y/y to $235.6 million. RHT shares...
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Nike Down Post-Market, Dragging Down Crocs, Skechers (NKE, CROX, SKX)
Tuesday, December 21, 2010 - 5:29pm | 66Nike (NYSE: NKE) reported better-than-expected earnings today post-market, but its stock is still down over 3.7%. In sympathy, other apparel stocks like Crocs (NASDAQ: CROX) and Skechers (NYSE: SKX) are also trading lower in the post-market, although these companies are down only fractionally.
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Nike Tops Earnings By $0.07 (NKE)
Tuesday, December 21, 2010 - 5:24pm | 195NIKE, Inc. (NYSE: NKE) today reported financial results for its fiscal 2011 second quarter ended November 30, 2010. Earnings per share for the quarter were up 24 percent on 10 percent higher net revenue as NIKE, Inc. brands continued to experience strong sales in the marketplace and benefit from...
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The Street Awaits Nike's Earnings (NKE)
Tuesday, December 21, 2010 - 3:58pm | 108All eyes will be on Nike (NYSE: NKE) after the closing bell today. The company is expected to release its Q2 earnings this evening after the close of New York Stock Exchange trading. Wall Street analysts are anticipating that Nike will report earnings per share of $0.88 compared to $0.76 in the...