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Company News for August 17, 2016

Zacks Equity Research

•    Shares of Dicks Sporting Goods Inc (DKS) soared 7.1% after the company posted second quarter earnings per share of $0.82, beating the Zacks Consensus Estimates of $0.68.

•    Shares of TJX Companies Inc (TJX) declined 5.8% after the company expects earnings per share for third quarter fiscal 2017 to be in the range of $0.83–$0.85 compared with $0.86 reported a year ago.

•    Shares of Chinanet Online Holdings Inc (CNET) gained 3.9% after the company posted second quarter gross profit of $2.5 million, a 10.5% increase from the same period a year ago.

•    Coty Inc’s (COTY) share dropped 4.9% after the company reported net loss of $31 million in the fourth quarter, in contrast to a profit of $21 million a year earlier.

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