Hot After Hour Movers: Nike Stock Jumps 5%, McDonald’s Hikes Dividend
Shares of Nike (NYSE:NKE) are running off to the races. Shares jumped over 5% in late trading as the company reported a 15% rise in fiscal first-quarter earnings. For fiscal Q1, Nike posted a profit of $645 million, compared to $559 million in the same period last year. Check Out: Your Cheat Sheet to Nike Earnings.
McDonald’s (NYSE:MCD) is receiving a slight boost after the closing bell, after the food service giant announced a 15% dividend hike. The company competes with Yum! Brands (NYSE:YUM), which recently announced plans to sell Long John Silver’s and A&W.
After rumors and speculation, Hewlett-Packard (NYSE:HPQ) announced former eBay (NASDAQ:EBAY) executive Meg Whitman as the company’s new CEO. She replaces Leo Apotheker, who held the job for less than 11 months. He is estimated to leave with a severance package worth $35 million in cash and stock.
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