Stocks making the biggest moves midday: Tiffany, Nike, Avon Products & more

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These are the stocks posting the largest moves midday Friday.

div > div.group > p:first-child"> Tiffany — Shares of Tiffany rose 3.41 percent after the jewelry retailer reported mixed fourth-quarter results. The retailer reported earnings of $1.67, 7 cents higher than expected, and revenues of $1.321 billion, missing estimates by $11 million. Tiffany also reported a 1 percent drop in worldwide sales, while Refinitiv had estimated 0.8 percent increase.

Nike — Shares of Nike declined 5.51 percent after the sneaker maker reported weaker-than-expected sales in North America for its third-quarter. Nike also warned that its revenue growth could slow during its fourth-quarter. The company stated it was partially hurt by fewer Converse-branded merchandise.

Nokia — Shares of Nokia fell 5.19 percent after the network equipment maker revealed it is investigating transactions at Alcatel-Lucent, the rival it acquired in 2016, and that it alerted U.S. authorities to these possible compliance issues.

 

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