Breaking News
FONT-SIZE Plus   Neg
Share SHARE

Pre-market Movers For March 23 (NKE, KBH, PHM, ZNGA, KORS, LAYN, GOLD, PCTI)

RELATED NEWS
Trade NKE now with 

Gainers:

NIKE, Inc. (NKE: Quote) is up 0.49 percent to $111.53. The company's third quarter profit increased 7 percent and earnings per share were above Wall Street view. Revenues for the third quarter rose 15 percent.

Decliners:

KB Home (KBH: Quote) is falling 11 percent to $9.97. The company's first quarter loss narrowed from the previous year, but was notably wider than what analysts' had estimated. Revenues rose 29 percent, but were below Wall Street view.

PulteGroup, Inc. (PHM: Quote) is down nearly 5 percent to $8.74. The Labor Department reportedly has stepped up pressure on the company amid an investigation into the housing industry's pay practices.

Zynga Inc. (ZNGA: Quote) is falling 3 percent to $13.35. The company disclosed that certain stockholders are offering 42.97 million shares of Class A common stock.

Michael Kors Holdings (KORS: Quote) is declining 4 percent to $46.90. The company announced the pricing of the secondary offering of 25 million ordinary shares by certain selling shareholders at $47.00 per share.

Layne Christensen Co. (LAYN: Quote) is falling 14 percent to $19.30. Including an impairment charge, the company expects a loss for its fourth quarter. In addition, the company guided fiscal 2012 earnings per share below consensus.

Randgold Resources Limited (GOLD) is declining nearly 5 percent to $86.31.

Trading halt:

Trading in shares of PC-Tel, Inc. (PCTI: Quote) was halted. The company lowered its first quarter revenue guidance, citing carrier spending delays, which pulled down order flow for its scanning receiver product line to approximately 60 percent of the historical run rate.

Register
To receive FREE breaking news email alerts for Nike Inc and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
The space agencies of the United States and India have agreed to launch a satellite mission to observe Earth and establish a pathway for future joint missions to explore Mars. In a meeting Tuesday in Toronto, NASA Administrator Charles Bolden and Indian Space Research Organisation's (ISRO) chairman K. Radhakrishnan signed two documents for the joint venture. While attending the International Ast The Eurozone manufacturing moved closer to stagnation in September as German factory sector contracted for the first time in 15 months, final data from Markit Economics showed Wednesday. The manufacturing Purchasing Managers' Index fell more than intially estimated to a 14-month low of 50.3 from August's reading 50.7. The reading was below the earlier flash estimate of 50.5. Indonesia's inflation accelerated in September on food and utility costs, data from the Central Statistics Agency showed Wednesday. The trade balance swung into deficit in August as import growth exceeded the increase in exports. Inflation rose to 4.53 percent in September from 3.99 percent in...
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.