Fi­nan­cial list­ings

Lodi News-Sentinel - - Business -

Strong fin­ish

Wall Street pre­dicts Nike de­liv­ered a strong fin­ish to its lat­est fis­cal year.

The ath­letic footwear and ap­parel maker is sched­uled to re­lease its fis­cal fourth-quar­ter fi­nan­cial re­sults to­day. Fi­nan­cial an­a­lysts project that Nike's earn­ings and rev­enue im­proved from a year ear­lier. That would be in line with gains in the pre­vi­ous three quar­ters.

Slower growth?

The Com­merce Depart­ment de­liv­ers its lat­est es­ti­mate of U.S. eco­nomic growth to­day.

Econ­o­mists ex­pect that the gross do­mes­tic prod­uct grew by 1.2 per­cent in the first three months of this year. That would rep­re­sent a slow­down from the 2.1 per­cent rate in the fourth quar­ter of last year. The econ­omy grew 1.6 per­cent for all of 2016, the poor­est show­ing in five years.

Toast to this

Strong sales of beer, wine and spir­its have helped keep earn­ings ris­ing at Con­stel­la­tion Brands.

The brewer of Corona beer posted higher earn­ings and rev­enue for the 12 months that ended in Fe­bru­ary. And Wall Street ex­pects the com­pany de­liv­ered bet­ter re­sults once again in the March-May quar­ter. Con­stel­la­tion Brands re­ports its fis­cal first-quar­ter earn­ings to­day.

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