Nike sprints to new high; Tiffany gets tarnished; Darden does it again
Here’s a look at some of the stocks the Yahoo Finance Team will be tracking for you today.
Nike (NKE) shares hitting a new high in early trading. The athletic gear maker reporting earnings that topped analysts' estimates as it continued to benefit from strong demand for its shoes and apparel. But revenue fell short of forecasts as the stronger dollar put pressure on sales during the holiday quarter and weighed on future orders.
Tiffany (TIF) shares are losing some of their sparkle ahead of the open. The high-end jewelry retailer posting earnings that matched Wall Street views but revenue slightly missed estimates. The stronger dollar and weaker-than-expected same-store sales growth took a toll on revenue during the holiday period. The company also provided a disappointing outlook for the year.
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Darden Restaurants (DRI) shares are sharply higher before the bell. The owner of Olive Garden and other restaurant chains is showing signs of a turnaround. Earnings and revenue topped forecasts as same-store sales showed growth for the second straight quarter. The company also raised its outlook for the year.
SeaWorld (SEAS) shares are in the spotlight after the struggling theme park operator named a new Chief Executive to help lift its sinking attendance and repair it reputation after controversy over the treatment of killer whales. The company tapped veteran theme park executive Joel Manby to take over as CEO at the beginning of April. SeaWorld shares have fallen 41% over the past year based on yesterday's close
Amazon (AMZN) also grabbing headlines. The online retailer received FAA approval to fly experimental drones over Washington State. Amazon is developing drones as part of a new system, called "Prime Air," that will deliver packages in 30 minutes or less.