Market News

September 27, 2013  Fri 7:26 AM CT

Lower Costs Boost Margins

Nike earned $0.86 a share in its first quarter, beating the $0.78 average analyst estimate. Revenue of $6.97 billion also exceeded the $6.96 billion consensus number. Management said lower input costs and reduced discounting boosted margins. Orders remain strong as well. NKE rallies 6 percent before the opening bell on my tradeMONSTER platform.

Finish Line Earnings, Sales Beat Consensus

Finish Line reported second-quarter net income of $0.54 on sales of $436 million. Analysts had only expected $0.45 and $426.4 million, respectively. Management also raised its full-year guidance for comparable sales. FINL climbs 9 percent in the premarket.

Nektar Tanks on Drug Trial Disappointment

Nektar Therapeutics announced that its NKTR-181 painkiller failed to meet its primary endpoint in a Phase 2 study. NKTR sinks 22 percent in early trading.

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