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Nike hot in China; Bed, Bath & Beyond and Pier 1 struggle; BlackBerry software sales

Bill McColl

Here are some of the stocks the Yahoo Finance team will be watching for you today.

Nike (NKE) The athletic apparel giant and Dow component had a boffo fiscal first quarter, handily beating profit and revenue estimates. And while Wall Street has been worrying about a slowdown in China, Nike certainly hasn't.  Sales jumped 30% there in the period, leading all regions.  The company also benefitted from lower taxes.

Jabil Circuit (JBL)  The electronics maker also topped analysts' forecasts for earnings and revenue in its fiscal fourth quarter. Jabil says it exceeded nearly every financial target it set in the beginning of the year, and is raising its profit and sales guidance for the current quarter.

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Bed, Bath & Beyond (BBBY) The home goods retailer reports quarterly profit in line with estimates...while revenue was just a bit short. Bed, Bath & Beyond says net sales rose 1.7%...but were up just 0.7% at stores open at least a year. Along with its earnings news, the company is also announcing a new $2.5 billion stock buyback program.

Pier 1 Imports (PIR) The home furnishings chain missed analysts' forecasts on both its top and bottom lines. Pier 1 says it's disappointed with its results, blaming price cuts and problems with its distribution network for lower-than-expected sales. And it's cutting its earnings forecast for the year.

BlackBerry (BBRY) The original smartphone maker that's trying to reinvent itself is still struggling. Its quarterly loss was worse than forecast...and revenue missed by a huge margin. Blackberry is still putting on a positive face, saying software and services sales jumped by 19% in the period.  And it expects revenue to rise modestly the rest of the year.

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