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Company News for June 16, 2017

Zacks Equity Research

•    Shares of Kroger Co KR tanked 18.9% after the company projected fiscal 2017 earnings in the range of $2.00 to $2.05 per share, down from the earlier forecast of $2.21to $2.25

•    Nike Inc’s NKE shares declined 3.2% after the company decided to cut about 1,400 workers globally as part of  corporate restructuring

•    Shares of Castle Brands Inc ROX advanced 8.2% after reporting fiscal fourth quarter revenues of $22.6 million, surpassing the Zacks Consensus Estimate of $21 million
 
•    Lakeland Industries, Inc.’s LAKE shares gained 8.9% after posting fiscal first-quarter 2018 earnings of $0.23, beating the Zacks Consensus Estimate of $0.14
 


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