Gainers
Nike Inc NKE shares are up 7 percent after reporting a second-quarter earnings beat. Earnings came in at 52 cents per share, beating estimates by 6 cents. Sales came in at $9.4 billion, beating estimates by $240 million. The company reported inventories of $5.4 billion, up 1 percent year-over-year.
Zynga Inc ZNGA shares are up 2 percent after reporting the purchase of Small Giant Games for $560 million in cash and stock. The company raised fourth quarter GAAP sales guidance from $235 to $243 million. The company also raised fourth quarter adjusted EBITDA guidance from $32 million to $33 million.
Foot Locker Inc FL shares are up 1 percent in response to Nike’s second-quarter earnings beat.
Losers
CalAmp Corp. CAMP shares are down 9 percent after reporting weak fourth-quarter earnings and sales guidance. Adjusted third-quarter earnings came in at 25 cents per share, beating estimates by 2 cents. Sales came in at $88.5 million, beating estimates by $240,000.
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