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JetBlue (JBLU) – Raymond James downgraded the airliner to market perform from outperform. The firm warned JetBlue’s business could suffer from cost inflation.
Nike (NKE) – The athletic retailer topped second-quarter earnings estimates on both the top and bottom lines. Nike reported earnings per share of 50 cents on revenue of $8.18 billion. Nike is the worst performer in the Dow so far this year, down about 17%.
Hawaiian Holdings (HA) – The airliner expects a three-month delay for the delivery of A321neo jets from Airbus. This comes after Airbus appeared to be getting back on track to its 2016 delivery goals.
FedEx (FDX) – The packaging company reported mixed fiscal second-quarter results, missing expectations on earnings while slightly beating revenue estimates. FedEx posted adjusted earnings of $2.80 a share on revenues of $14.93 billion.
Twitter (TWTR) – The social media platform’s chief technology officer, Adam Messinger, is stepping down after five years with the company. Twitter’s vice president of product, Josh McFarland, also announced he was leaving the company.
