Stocks to Watch: Nike, Delta, Costco
NEW YORK -- Nike(NKE) scored when a judge rejected Reebok's bid to overturn his ban on Reebok's sale of New York Jets' Tim Tebow jerseys.
The federal judge in New York on Wednesday permanently halted Reebok, a unit of Germany's Adidas, from selling Tebow's No. 15.
Nike sued Reebok on March 27, saying it was authorized and licensed to use Tebow's name on football apparel and merchandise.
The board of Delta has met twice to discuss a potential bid, Reuters said. The second largest U.S. air carrier is mulling the bid in an effort to hedge fuel costs.
Costco (COST) , the warehouse retailer, said comparable-store sales in March rose 6%, while total sales gained 9.6% to $9.13 billion.
Bed Bath & Beyond(BBBY) , the specialty retailer, easily topped Wall Street's fourth-quarter earnings expectations.
Bed Bath & Beyond reported earnings of $351 million, or $1.48 a share, for the three months ended Feb. 25. Sales rose 9.1% to $2.73 billion. Same-store sales rose 6.8% in the quarter.
Analysts were expecting profit of $1.33 a share on sales of $2.66 billion.
The company also forecast earnings of 79 to 83 cents a share for the fiscal first quarter ending in May; analysts forecast 82 cents a share.
Constellation Brands(STZ) is slated to report its fiscal fourth-quarter results before the opening bell, and analysts expect the alcoholic beverage company to earn 38 cents a share in the February-ended period on revenue of $626.4 million.
-- Written by Joseph Woelfel
>To contact the writer of this article, click here: Joseph Woelfel
>To submit a news tip, send an email to: firstname.lastname@example.org.