sports

Adidas Increases Focus to Up U.S. Market Share

Adidas Increases Focus to Up U.S. Market Share

When people think of Adidas in the U.S., sportswear, sneakers, and the infamous trackpants immediately come to mind. The German sportswear maker plans to increase its U.S. market share to around 15-20% in the new year from the approximate 10% that m..

Under Armour Stocks Drop After Downgrade from Wall Street Firm

Under Armour Stocks Drop After Downgrade from Wall Street Firm

Under Armour Inc (NYSE: UA) shares fell 3.7% on Tuesday after Wall Street firm Susquehanna Financial highlighted poor brand management. According to Susquehanna Financial, Under Armour will reverse its course and lose its 30% gain from the past eigh..

Ferrari Raised Full-Year Guidance After Third-Quarter Results

Ferrari Raised Full-Year Guidance After Third-Quarter Results

Ferrari (BIT: RACE), the Italian luxury sportscar maker, announced its financial results for the third quarter of 2017 on Thursday.Revenue for the third quarter increased 7% to 836 million euros, which was in line with analysts’ estimates. The..

China Limiting Overseas Investments

China Limiting Overseas Investments

China is looking to curb domestic companies’ investments abroad in property, sports, entertainment, and other fields after many series of high profile, multi-billion dollar acquisitions by Chinese firms. Regulators are aiming to stop foreign a..

International Speedway Corporation Releases Earnings, Stays The Course

International Speedway Corporation Releases Earnings, Stays The Course

A busy Fourth of July weekend for the sport of NASCAR starts with a car wreck and ends with the beginning of a new week and new earnings for the fiscal second quarter 2017 released by the International Speedway Corporation (NASDAQ: ISCA). The premie..

Nike Earnings up After Strong Earnings

Nike Earnings up After Strong Earnings

Nike Inc. (NYSE: NKE) shares up more than 9% Friday, after the company reported fiscal 2017 financial results for its fourth quarter and full year ended May 31, 2017.For the 4th quarter Nike reported revenues of $8.1 billion, up 7 percent on a curre..