Nike Falters After Hours; Scholastic, Cintas Also Down
Investing.com - Here are the stocks moving postmarket.
Nike (NYSE:NKE) fell 3.6% in after-hours trading following quarterly results that topped forecasts but were not a blowout by any measure. Sales rose 7% from the year-ago period.
But with shares near all-time highs, investors were clearly looking for a bigger statement from the athleticwear giant.
Videogame retailer GameStop (NYSE:GME) edged up 0.3% after hours as it named George Sherman as CEO, replacing interim CEO Shane Kim.
Most recently, Sherman served as CEO of Victra, a retailer for Verizon (NYSE:VZ) wireless products and services. In May last year, Michael Mauler stepped down as GameStop's CEO after just three months on the job, citing personal reasons.
Publisher Scholastic (NASDAQ:SCHL) slumped 4.1% in postmarket trading. The company reported a loss of 32 cents per share, excluding items, wider than the consensus of 28 cents per share compiled by Investing.com.
Revenue for the quarter also missed targets.
And Cintas (NASDAQ:CTAS), which provides corporate uniforms, lost 3.2% in after-hours trading after reporting mixed results.
Cintas reported earnings per share of $1.84 on revenue of $1.68 billion. Analysts polled by Investing.com expected EPS of $1.72 on revenue of $1.69 billion.
-- Reuters contributed to this report.
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