Janus Surges 35% on Hiring PIMCO Co-founder Bill Gross

Mukesh Buch
26 Sep, 2014
New York City

BlackBerry net loss narrowed despite revenue declined 42%. Finish Line net slid 1% but sales climbed 7%. Micron Technology net soared 43%. Nike net surged 23%. Thor net jumped 6% and sales climbed 14%.

[R]12:25 PM New York – BlackBerry net loss narrowed despite revenue declined 42%. Finish Line net slid 1% but sales climbed 7%. Micron Technology net soared 43%. Nike net surged 23%. Thor net jumped 6% and sales climbed 14%.[/R]

Tollbooth Index rose 0.3% or 30.40 to 9,236.95.

Earnings Review

BlackBerry Ltd ((BBRY)) soared 5.3% or 52 cents to $10.32 after the Canada-based mobile company reported revenue in the second-quarter ending in August declined 41.8% to $916 million from a year ago period.

Net loss in the quarter narrowed to $207 million or 39 cents a diluted share compared to $965 million or $1.84 from a same quarter last year.

The company expected to report cash flow results of break-even by fiscal 2015.

Finish Line Inc ((FINL)) plunged 11.5% or $3.39 to $26.02 after the mall-based specialty retailer said net sales in the second-quarter ending in August climbed 7% to $466.9 million from a year ago period. Comparable store sales in the quarter increased 1.5%

Net income in the quarter fell 1.1% to $26.2 million compared to $26.5 million and diluted earnings per share were flat at 54 cents from a same quarter last year.

Janus Capital Group Inc soared 33% to $14.84 on thirty time the daily average volume after the company hired Bill Gross, co-founder and co-chief investment officer of Pacific Investment Management Co.

Micron Technology, Inc ((MU)) climbed 5.5% or $1.74 to $33.44 after the semiconductor devices maker stated revenue in the fourth-quarter ending on August 28 jumped 6% to $4.23 billion from a year ago period.

Net income in the quarter soared 42.7% to $1.15 million or 96 cents a diluted share compared to $806 million or 68 cents from a same quarter last year.

Nike Inc ((NIKE)) surged 10.8% or $8.62 to $88.37 after the sports footwear, apparel and accessories maker reported revenue in the first-quarter ending in August soared 15% to $8 billion from a year ago period.

Net income in the quarter surged 23% to $962 million or $1.09 a diluted share compared to $779 million or 86 cents from a same quarter last year.

Swift Transportation Co ((SWFT)) dropped 3% or 64 cents to $20.34 after the transportation services provider confirmed earnings per share in the third-quarter between of 33 cents and 37 cents and expected revenue per loaded mile over the road business to increase in the range of 4% to 5% from a year ago.

Thor Industries, Inc ((THOR)) slipped 41 cents to $52.50 after the recreation vehicles maker stated net sales in the fourth-quarter ending in July soared 13.8% to $1.04 billion from a year ago period.

Net income in the quarter jumped 6.4% to $66.6 million or $1.25 a diluted share compared to $58.2 million or $1.09 from a same quarter last year.