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Company News for November 14, 2016

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•    Shares of The Walt Disney Company (DIS - Free Report) gained 2.9% after its CEO Robert Iger provided optimistic view on the company’s future and anticipated modest earnings growth in fiscal 2017 but a "more robust growth" in fiscal 2018

•    Nordstrom Inc.’s (JWN - Free Report) shares increased 4.8% after reporting third quarter adjusted earnings of $0.84 per share, outpacing the Zacks Consensus Estimate of $0.52

•    Shares of Michael Kors Holdings Limited (KORS - Free Report) declined 4% after forecasting fiscal 2017 comparable sales to decrease in the mid-single-digit range

•    Petrobras’s (PBR - Free Report) shares tumbled slumped 5.9% after posting third quarter loss per ADR of $0.82, in contrast with the Zacks Consensus estimate of earnings per ADR of $0.09

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