Company News for June 16, 2017

Zacks Equity Research

Updated Fri, Jun 16, 2017, 10:11 AM

•   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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Company News for June 16, 2017

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Mark Zuckerberg got $24.4 million in ‘other compensation’ in 2023—but Meta also treated staff well, with the median employee making $379,000

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