This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Navistar, Walgreen: Premarket Trading

(Premarket story updated with Navistar news and share price information.)

NEW YORK ( TheStreet) -- Navistar (NAV - Get Report) said Wednesday that its fourth-quarter earnings declined as the North American truck market has remained weak. Navistar's earnings came in at $39 million, or 54 cents a share, down from $86 million, or $1.19 a share in the same period a year earlier.

Shares of the company were falling 0.52%, or 31 cents, to $58.86 in premarket trading.






Walgreen (WAG) reported that its first-quarter earnings increased 26.5% to 62 cents a share from 49 cents a share in the same period a year earlier. Earnings came in ahead of analyst estimates of 54 cents a share.

Shares of the company were up 0.46%, or 17 cents, to $37 in premarket trading.






Oxford Industries (OXM - Get Report) announced its acquisition of Sugartown Worldwide, which owns the women's brand Lilly Pulitzer.

Shares of Oxford, an Atlanta-based fashion apparel maker, rose 9.83%, or $2.18, to $24.35 in premarket trading.






American Airlines, the main unit of AMR (AMR), said after Tuesday's close that it will no longer offer access to its flights and fares through Orbitz Worldwide's (OWW - Get Report) namesake travel reservations Web site.

AMR shares rose 1.12%, or 9 cents, to $8.14 in premarket trading, while Orbitz was falling 2.8%, or 18 cents, to $6.26.


Microsoft (MSFT - Get Report) plans to reveal a new Windows operating system next month that relies less on chip technology from Intel (INTC - Get Report) and more on chips based on designs from ARM Holdings (ARMH) of the U.K., reports say.

ARM Holdings shares rose 3.84%, or 76 cents, to $20.54 in premarket trading Wednesday.






Nike (NKE - Get Report) released better-than-expected earnings on Tuesday, but future orders rose less than expected. The company reported that futures orders, which refer to Nike merchandise to be delivered between December 2010 and April 2011, was up 11% to $7.7 billion. Analyst Sterne Agee was looking for order growth somewhere between 12% and 13%, according to a Dec. 9 research note previewing the quarter.

Shares of the company fell 5.75%, or $5.29, to $87.01 in premarket trading.






Xilinx (XLNX - Get Report), a programmable logic chips maker, said late Tuesday that it expects a sequential sales decline in the current quarter to be deeper than previously anticipated because of weak demand from some of its large wireless communications customers.

Xilinx was dropping 4.61%, or $1.31, to $27.08 in premarket trading. Xilinx's main competitor Altera (ALTR - Get Report) is also down in premarket trading, falling 2.23%, or 80 cents, to $35.01.






Investors were modestly disappointed that business software maker Red Hat (RHT - Get Report) reported third-quarter earnings inline with Wall Street's expectations yesterday, after technology companies OracleC (ORCL - Get Report), Accenture (ACN - Get Report) and Research in Motion (RIMM) released stronger-than-expected earnings last week.

Red Hat earnings came in at in at 20 cents, inline with what analysts were expecting.

Shares of the company fell 2.67%, or $1.28, to $46.60 in premarket trading.

More on Earnings
Today's Top Earnings
Earnings Calendar

-- Written by Theresa McCabe in Boston.



>To contact the writer of this article, click here: Theresa McCabe.

>To follow the writer on Twitter, go to @TheresaMcCabe.

>To submit a news tip, send an email to: tips@thestreet.com.

RELATED STORIES:



Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
SYM TRADE IT LAST %CHG
ACN $93.00 -0.69%
ALTR $44.18 -0.96%
INTC $32.22 -1.29%
MSFT $46.28 -2.77%
NKE $100.22 -0.20%

Markets

DOW 17,841.98 -86.22 -0.48%
S&P 500 2,080.15 -9.31 -0.45%
NASDAQ 4,919.6440 -19.6830 -0.40%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs