Shares of Wolverine World Wide(WWW Quote) fell after the company met second-quarter earnings expectations but warned that full-year earnings would be below analysts' expectations. The shoemaker earned 27 cents a share, in line with estimates, on sales of $198.8 million, which were roughly in line with estimates. Looking ahead, it expects to report full-year earnings of $1.44 to $1.52 a share on sales of $960 million to $980 million. Analysts are expecting it to earn $1.53 a share on sales of $973 million. Shares of Wolverine World Wide traded down $2.77, or 10.8%, to $22.98.
NYSE volume leaders included Lucent (LU Quote), down 3 cents to $3.48; Nortel Networks (NT Quote), down 15 cents to $4.61; Advanced Micro Devices(AMD Quote), down 76 cents to $13.74; Caesars Entertainment(CZR Quote), up $2.08 to $16; and General Electric (GE Quote), up 29 cents to $33.13. Nasdaq volume leaders included Intel(INTC Quote), down $2.76 to $23.38; Microsoft (MSFT Quote), up 53 cents to $28.13; Oracle(ORCL Quote), down 21 cents to $10.79; Applied Materials(AMAT Quote), down $1.11 to $16.82; Juniper Networks(JNPR Quote), up $2.59 to $24.59; and Cisco(CSCO Quote), down 4 cents to $22.10.- Loading Comments...
- Loading Comments...
Featured Photo Galleries
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,274.40 | 1,096.77 | 2,162.11 | 34.74 |
Oil *
78.01
|
|
UP
27.43
|
UP
3.76
|
UP
11.03
|
DOWN
0.08
|
10 Yr
3.47%
SPDR Gold
109.54
|
|
+0.27%
|
+0.34%
|
+0.51%
|
-0.23%
|
Data delayed 20 minutes |














