Positive Outlook Seen in Changes
The financial firm is up sharply after a positive report in Barron's over the weekend, which said its outlook is improving after internal restructuring and management changes. The article specifically cited prospects for its mortgage business. GNW is up more than 10 percent this morning.
Dick's Sporting Goods Misses
The specialty retailer is down this morning after reporting weak fourth-quarter results. Management said earnings came in at $129.7 million, or $1.03 per share, which was $0.03 below expectations. Revenue totaled $1.81 billion, missing estimates of $1.86 billion. The company also projected EPS of $0.47 to $0.49 for the current quarter, down from the $0.50 that analysts had been looking for. DKS is down nearly 6 percent in the pre-market.
Nokia Slips With Downgrade
The handset maker is down in the pre-market trading after Goldman Sachs lowered its rating on the name to "sell" from "neutral." The investment bank cited projections for weaker demand in smartphone sales. NOK is off about 3 percent on my tradeMONSTER extended-hours platform.
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