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Search resuls for: "Nike — Nike"


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Nike — Nike shares sank more than 14% after the athletic retailer posted disappointing revenue for the recent quarter and cut its guidance, saying it expects sales to drop 10% in the current period. Trump Media & Technology — Shares of Trump Media & Technology jumped more than 10% on the heels of the first presidential debate between former president Donald Trump and President Joe Biden. JPMorgan upgraded Digital Realty Trust to overweight, saying that shares look poised to benefit from AI and cloud growth. SAP — SAP rose about 1% before the bell. BMO Capital Markets upgraded shares to outperform and lifted its price target, citing "high visibility" into bookings and revenue.
Persons: Donald Trump, Joe Biden, Infinera, , Jesse Pound Organizations: Nike — Nike, Trump Media & Technology, Nokia, JPMorgan, Realty Trust, SAP, BMO Capital Markets
GameStop — The meme stock surged 44% after the company posted a quarterly profit for the first time in two years Tuesday. Luminar Technologies — Shares dropped nearly 9.2% after being downgraded by Goldman Sachs to sell from neutral. Petco Health and Wellness — The stock fell by 7.8% in early morning trading after the company reported fourth-quarter earnings that missed Wall Street's expectations. First Republic — Shares of the regional bank fell by 4.2% in premarket trading after jumping nearly 30% in Tuesday's session. Sales in China fell short of analyst expectations, and the company continued working through its inventories, which weighed on margins.
Rite Aid — Shares of Rite Aid dropped nearly 14% in midday trading after the pharmacy operator reported a quarterly loss, though a smaller-than-expected one, and lowered its full-year financial guidance citing seasonal markdowns among other issues. Nike — Nike shares jumped more than 13% after the company easily topped earnings and revenue estimates for its most recent quarter. The company also beat earnings expectations, but profits fell from the same period last year. Revenue beat estimates but the performance of its cyber business fell short of StreetAccount estimates, coming in at $106 million versus estimates of $111.8 million. Carnival — Shares jumped more than 4% after Carnival posted a smaller-than-expected loss in its latest quarter, though revenue was worse than expected.
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