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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.

U.S. stocks opened mixed early Friday as investors parsed earnings reports. Foot Locker (FL) - Get 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 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 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 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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