News on Stocks in Our Portfolios courtesy of
Seeking Alpha
Nike's net profit jumps 22% but
Chinese outlook is soft. Nike's (NKE) FQ4 earnings beat expectations as net profit soared 22%
to $668M, adjusted EPS came in at $0.76 and revenues climbed 7% to $6.7B. North
American sales rose 12%, and revenues grew in emerging markets, although they
fell in Japan and Western
Europe , and were flat in greater China . Nike's shares were -0.9%premarket after the
company said that it expects Chinese revenue to fall in fiscal H1 2014 and that
it's hard to predict how quickly sustained growth will return to the region.
Accenture (ACN): FQ3 EPS of $1.14 beats by $0.01. Revenue of $7.2B misses by $0.22B. Shares -3.9% AH.
Economics
This Week’s Data
The
June Kansas City Fed manufacturing index fell to -5.0 versus expectations of
+4.0.
Other
Jon
Corzine and MF Global officially charged (medium):
Politics
Domestic
The cost of
government regulation (medium):
The
Supreme Court’s other ruling (medium and a must read):
International
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