Navistar, Walgreen: Premarket Trading
(Premarket story updated with Navistar news and share price information.)
NEW YORK (
) --
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.
>> Navistar Profits Decline 55%
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.
>>Oxford, TIBCO: After-Hours 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)
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.
>> American Airlines Stops Orbitz Ticket Sales
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.
>>Microsoft Plans New ARM-Based Windows
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.
>> Nike's Future Orders Trip Up Stock
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.
>>Xilinx Sees Steeper Sales Decline
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
Oracle
C
(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.
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-- Written by Theresa McCabe in Boston.
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RELATED STORIES:
>>Microsoft Plans New ARM-Based Windows
>> Nike's Future Orders Trip Up Stock
>>Xilinx Sees Steeper Sales Decline
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