Market Preview: A Deal in the Works
Written by: Michael Baron
Tickers in this article:
SPY RIMM ^DJI NKE ^GSPC BAC ^IXIC
The company attributed the year-over-year decline in earnings to lower gross margin, higher SG&A spending, a higher effective tax rate and costs related to restructuring operations in western Europe. The stock was last quoted at $84.50, down nearly 13%, on volume of more than 2 million, according to Nasdaq.com.
--Written by Michael Baron in New York.
>To contact the writer of this article, click here: Michael Baron.
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