Nike, Lululemon fall on earnings, Reddit enters second day of trading: Yahoo Finance Live
It's a rough day for two athletic retail companies. Nike's (NKE) fiscal third-quarter earnings and revenue topped expectations, but a weak outlook and slowing sales in China are spooking investors. Lululemon (LULU) shares are also falling this morning after the athleisure brand reported fiscal fourth-quarter earnings. While earnings and revenue topped estimates, the company's guidance fell short of expectations. Social media company Reddit (RDDT) is entering its second day as a public company following a successful IPO. After pricing at $34/share, Reddit popped nearly 50% yesterday, closing the day at over $50/share. Yahoo Finance trending tickers include FedEx (FDX), Apple (AAPL), and SoundHound AI (SOUN).
Key guests include:
9 a.m, ET - Aneesha Sherman, Bernstein Senior Analyst
10:30 a.m. ET - Pat Gelsinger, Intel CEO
10:45 a.m. ET - Robert Mitchnick, BlackRock Head of Digital Assets
11:40 a.m. ET - Hunter Horsley, Bitwise Asset Management Co-Founder & CEO
