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BlackBerry misses; Walgreen reports; Nike's roller coaster ride; Target falls

Hot Stock Minute

Here are four stocks the Yahoo Finance team will be watching today.

First up, BlackBerry. The stock was halted in early trading after the company reported a big miss this morning. They reported a loss of $0.67 per share versus estimates for a loss of $0.45 a share. Revenue plummeted to $1.19 billion from last year's $2.7 billion and missed estimates of $1.59 billion. This report makes it the seventh straight quarter with profits in the red. BlackBerry also just announced that it will enter a five year agreement with the manufacturer Foxxconn. It has been a busy couple of months for the one-time smartphone king. It started with news that they were no longer up for sale after failing to find a buyer. Around the same time, the company ousted CEO Thorsten Heins and then announced it was taking a billion dollar investment from Fairfax Financial Holdings in exchange for convertible debt. Investors are waiting to see if interim CEO John Chen formerly of Sybase, can turn things around for the struggling company. For the year, BlackBerry is down close to 47%.

Next, Walgreen (WAG), which reported earnings this morning of $0.72 which was in-line with estimates. Revenue rose 5.9% to $18.33 billion, though missing on estimates of $18.35 billion. For the year Walgreen is up almost 50%.

Now Nike (NKE), whose shares had a roller coaster ride in after-hours trading yesterday after the company reported earnings. Shares were up as much as 2% and down as much as 3% before finally settling down just under a percent. The athletic apparel giant reported earnings of $0.59 a share beating estimates by a cent. Revenue rose 8% to $6.43 billion, but missed estimates of $6.44 billion. The results can be attributed to strong sales in Europe and China, and to an extent North America. Though, the 9% rise in North American revenue did fall short of the 10% analysts expected. Nike is up close to 51% for the year.

Finally, let's check in on Target (TGT), which has been weathering a storm of bad press. The company saw shares fall more than 2% yesterday following the revelation that 40 million of its customers' credit and debit card accounts had been stolen after its system was hacked. For the year, Target is up close to 6%.

 

 

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