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Dick’s Misses, Nokia Drops, Waiting On Urban Outfitters

Dan Berman
Hot Stock Minute

Finnish phone-maker Nokia (NOK) is seeing its stock drop. It's down on word that the company's Windows phones can't handle a software upgrade. Sources say the upgrade drains the batteries in the phone too quickly. Separately, Goldman Sachs has cut its price target on the company and is re-iterating a "sell" recommendation.

Dick's Sporting Goods (DKS) has missed earnings estimates. The company is down about 6% in premarket trading. The retailer says it earned $1.03 per share for the fourth quarter. That's three cents below estimates. Revenue also fell short of expectations. On Friday it had closed just about $3 below its 52-week high. The company owns about 500 Dick's Sporting Goods stores as well as around 50 Golf Galaxy stores.

Clothier Urban Outfitters (URBN) reports after today's closing bell. Analysts are expecting the chain to post earnings of 57-cents a share, more than double what it did a year ago. In addition to Urban Outfitters, the company owns four other brands including Anthropologie and Free People.

Also reporting today is Heckmann (HEK), which disposes of water used in fracking. Heckmann has recently been downgraded by a number of analysts. But today the company releases its first report since merging with competitor Power Fuels. The deal promised big improvements to margins and profits.