Company News for June 25, 2009

• Nike (NYSE:NKE - Analyst Report) reported a worse-than-expected decline in new orders, down 12% through November from a year ago, or 5% excluding currency adjustments. Fourth quarter earnings, however, beat expectations at 99 cents ex-items, three cents ahead of projections, as revenues fell 7% to $4.7 billion

• Oracle (NASDAQ:ORCL - Snapshot Report) reported better-than-expected earnings and revenues with first quarter guidance beating estimates.  The company reported fourth-quarter earnings of 46 cents ex-items, two cents ahead of estimates, as revenues fell 5.2% to $6.86 billion versus estimates of $6.47 billion. First quarter earnings estimates of 31 cents to 33 cents a share beat estimates of 30 cents

• Toyota's (NYSE:TM - Snapshot Report) new President said the firm is expected to face "two more difficult years"

• Lennar (NYSE:LEN - Snapshot Report) reported a loss of 76 cents versus a 76 cent loss a year ago, worse than estimates of a 64 cents loss as write downs increased. Revenues fell 20.9% to $892 million

• Goldman Sachs (NYSE:GS - Analyst Report) added Novellus Systems (NASDAQ:NVLS - Snapshot Report) to its conviction sell list

• Goldman Sachs (NYSE:GS - Analyst Report) issued upgrades on a number of oil firms, including Cameron International (NYSE:CAM - Analyst Report), Transocean (NYSE:RIG - Snapshot Report), Diamond Offshore Drilling (NYSE:DO - Analyst Report) and FMC Technology (NYSE:FTI - Snapshot Report)