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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Jun 27, 2024
Page
8
No sweat Nike reports its fiscal fourth quarter results today. Analysts expect adjusted earnings of 84 cents per share on 12.86 billion dollars in revenue, potentially beating last year's quarter. The firm had cut its annual sales outlook in December and noted cautious consumer behavior worldwide.
Stop Stocks closed mixed near last week's all time highs as the S&P 500 rose 0.2 percent, the Nasdaq climbed 0.5 percent, and the Dow gained less than 0.1 percent. A broad majority of S&P 500 components fell, while FedEx provided a counterbalance.
The package carrier posted quarterly results surpassing estimates while its consumer products unit faced a revenue shortfall. Investors await Friday’s inflation report as markets react to mixed signals. GIs Close 64.17 W-3.09 down 4.6 percent. P/E 75, yield 3.7 percent.
Washington was given two years in prison, suspended to two years probation under Kansas guidelines, despite no prior criminal history. He described incarcerations in Douglas County and a 2015 murder charge that was dismissed. The case ties to Justina Altamirano Mosso’s death and a 2019 trial that ended without verdict. Mosse’s murder remains unsolved. Washington faces new charges connected to a June shooting and is set for a July 3 court appearance.
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