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.

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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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