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Foot Locker and Abercrombie Disappoint Wall Street; Tesla Shareholders Approve SolarCity Deal

U.S. stocks opened mixed early Friday as investors parsed the latest quarterly earnings reports.
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U.S. stocks opened mixed early Friday as investors parsed earnings reports. Foot Locker (FL) - Get Foot Locker, Inc. Report shares moved lower after reporting mixed third quarter results. Earnings of $1.17 a share topped Wall Street's estimates by $0.07. Revenue rose 5.1% year over year to $1.89 billion, matching estimates. Same store sales growth of 4.7% also met expectations. Shares of Abercrombie & Fitch (ANF) - Get Abercrombie & Fitch Co. Class A Report plunged after reporting third quarter earnings of $0.02 a share, missing Wall Street's estimates of $0.20. Same store sales, an important industry metric, declined 6%, while analysts had expected a 3.9% drop. Activist investor Bill Ackman is set to gain some additional powers at Chipotle (CMG) - Get Chipotle Mexican Grill, Inc. Report . As of September, Ackman's Pershing Square Capital Management revealed a 9.9% stake in the burrito chain, but now Ackman is close to a settlement that would give him a voice in the boardroom, according to a report from the Wall Street Journal. Shares of Tesla (TSLA) - Get Tesla Inc Report slipped, but SolarCity (SCTY) shares gained steam after Tesla's shareholders voted to greenlight the planned merger. Some 85% of shareholders voted for the acquisition. TheStreet's Scott Gamm reports from Wall Street.

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