Nike rewards investors; Abercrombie & Fitch's big beat; Gap cuts outlook

Here are some of the stocks the Yahoo Finance team will be tracking for you today.

Nike (NKE) is giving shareholders an early Christmas gift. The athletic shoe and apparel giant said it plans a 2-for-1 stock split, raised its dividend by 14%, and said it would buy back $12 billion in stock.

Sprint (S) announced it's taking $1.2 billion in financing from a newly created phone leasing company set up by majority owner SoftBank. As a result of the deal, Sprint lowered its fiscal 2015 adjusted earnings forecast.

Gap (GPS) cut its profit outlook for the year after third quarter revenue missed estimates. Revenue fell nearly 3% from a year earlier as sales continued to decline at its Gap and Banana Republic stores. However, profit matched expectations, and its Old Navy stores saw solid same-store sales growth.

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Abercrombie & Fitch (ANF) posted a big beat on earnings and revenue that also topped forecasts. Profit more than doubled from a year earlier as it weaned customers off promotions, which helped improve margins.

Foot Locker (FL) reported a beat on both its top and bottom lines for the third quarter. Revenue jumped 3.5% from a year earlier thanks to strong demand for its new basketball and running shoes.

Intuit (INTU), the maker of TurboTax software raised its outlook for the year after posting stronger-than-expected earnings and revenue for its fiscal first quarter. Sales rose 16.5% from a year ago as it shifted more of its products to the Internet as more small businesses moved to cloud services.

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