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Market Overview

U.S. Equity Market Preview (CAH, CLC, GES, MLHR, NKE)

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Shares of the following companies may see unusual movements in trading on Thursday, according to Bloomberg.

Cardinal Health, Inc. (NYSE: CAH), which is the second biggest drug distributor in U.S., won a $206.4 million contract from U.S. defense department, according to a statement posted by the company on its website. Shares of Cardinal Health closed 0.48% higher at $35.49 on Wednesday.

Clarcor Inc. (NYSE: CLC), which makes Baldwin air filters, reported its first-quarter results on Wednesday. The company posted EPS of $0.30 in its first-quarter, which was 4.8% below the average analyst estimate. Shares of Clarcor Inc. closed 1.44% higher at $34.63 on Wednesday.

Guess?, Inc. (NYSE: GES), the apparel maker, reported its fourth-quarter results on Wednesday. The company reported profit, which was ahead of analysts’ forecast. The company also said it will also raise its dividend by 28% to $0.16 per share. Shares of Guess were up 0.90% to $47.10 in after-hours trading on Wednesday.

Herman Miller, Inc. (NASDAQ: MLHR), the furniture maker, reported its third-quarter results on Wednesday. The furniture maker reported EPS of $0.15 in its third-quarter, which was 14% below the average analyst estimate. Shares of Herman Miller were down 5.08% to $19.05 in after-hours trading on Wednesday.

Nike, Inc. (NYSE: NKE), the sports apparel and footwear maker, reported strong results for the third-quarter on Wednesday. The company reported that its third-quarter profit more than doubled compared with last year, with North America, Nike’s biggest market, seeing an increase in sales for the first time in a year. Shares of Nike were up 3.84% to $73.60 in after-hours trading on Wednesday.

 

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