Nike, Lululemon fall on earnings, Reddit enters second day of trading: Yahoo Finance Live

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It's a rough day for two athletic retail companies. Nike's (NKE) fiscal third quarter earnings and revenue topped expectations, but a weak outlook and...

) fiscal third quarter earnings and revenue topped expectations, but a weak outlook and slowing sales in China are spooking investors. Lululemon shares are also falling this morning after the athleisure brand reported fiscal fourth quarter earnings. While earnings and revenue topped estimates, the company's guidance fell short of expectations. Social media company Reddit is entering its second day as a public company following a successful IPO.

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TORONTO — Royal Bank of Canada says it will be closing 25 HSBC Bank Canada branches and rebranding dozens more after its takeover deal closes next week. RBC spokesperson Christine Stewart said the closures are part of the company's "process of optimizing our branch network in a way that makes the most sense for our clients and our business.

State Farm refused to cover this Florida man’s repairs on his Porsche — why the courts are now involvedGranite REIT is yielding a generous 4.37% and is just one of three quality Canadian REITs worth buying right now. The post The Top Canadian REITs to Buy in March 2024 appeared first on The Motley Fool Canada.Do you have a long investment horizon and don't mind being patient? This safe and steady growth stock could really deliver in the years ahead.

 

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Justice Department files antitrust suit against Apple, Reddit starts trading: Yahoo Finance LiveIt’s a busy day on Wall Street. The US Department of Justice has sued Apple (AAPL) accusing the company of creating a monopoly with its iPhone business and...
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Nike rises on earnings, Lululemon drops on outlook: Analyst's takeIt's a tale of two athletic apparel makers. Nike (NKE) reported third-quarter results that were better than Wall Street had been expecting. Lululemon...
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