“The future ain’t what it use to be.”
Below – the usually reliable Nike misses earnings.
Market Musings With CNBC Market Guru Robert Hum
The Word on the Street Tonight
RIM MISSES BIG WITH LOSS OF 37 CENTS A SHARE; STOCK PLUNGES /CNBC.com w/ Wires: “Research In Motion reported a much bigger quarterly loss than expected Thursday and delivered revenue that fell short of Wall Street's expectations. The BlackBerry maker also said it would cut 5,000 jobs as smartphone shipments fell sharply. Following the earnings announcement, the BlackBerry maker's shares dropped sharply after earlier being halted ahead of the report.”
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