Stocks making the biggest moves midday: Nike, Rent-A-Center, Carnival Cruise [CNBC]
Rent-A-Center Inc. (RCII)
Last rent-a-center inc. earnings: 2/24 05:12 pm
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US:NASDAQ Investor Relations:
investor.rentacenter.com
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Source: CNBC
As a result it will offer more discounts to clear out the excess merchandise. Other retailers were also dragged down, with Lululemon Athletica and Under Armour losing almost 6% and nearly 5% respectively. Rent-A-Center – Shares of Rent-A-Center slipped 20% after the company slashed its current-quarter earnings guidance, saying that economic conditions have weighed on consumer traffic and payment patterns. Carnival Cruise – Shares of Carnival Cruise plunged nearly 20% after the company forecast a loss for the fourth quarter, saying high fuel prices and inflation will delay its return to profitability. Royal Caribbean and Norwegian Cruise Lines also slipped, falling 11% and 14%, respectively. Micron – Shares of Micron rose 1.5% after the company reported quarterly earnings that beat Wall Street expectations, even though sales fell. The chipmaker also gave a weaker-than-expected revenue outlook, saying sales are being hit by slowing consumer demand. Charles River Laboratories – C
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