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Guess? Drops on Q2 Earnings Results
Wednesday, August 24, 2011 - 3:19pm | 205Shares of Guess? (NYSE: GES) are trading lower in the after-hours following the release of the company's Q2 earnings results. Currently, shares are lower by 4.63%, trading at $31.75; they ended the regular session lower by 0.48%, at $33.29. Guess? reported Q2 adjusted EPS of $0.84 on revenues of...
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Monday's NASDAQ Gainers: Edgewater Technology, Hollysys Automation Technologies, Travelzoo, Urban Outfitters
Wednesday, August 24, 2011 - 11:22am | 423Edgewater Technology (NASDAQ: EDGW) Moves 13% POINT ROBERTS, Aug. 23, 2011 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for Aug. 22, 2011. Edgewater Technology was the biggest percentage winner in Monday's...
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Brian Sozzi Talks About Specialty Retailers
Wednesday, August 24, 2011 - 10:31am | 382Brian Sozzi of Wall Street Strategies is out with a research report on specialty retailers. In his note, Sozzi says that prices are higher in specialty stores than at department stores like Macy's (NYSE: M) or J.C. Penney (NYSE: JCP). The department stores have done better better of moving...
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Notable Put Options Activity in American Eagle Outfitters
Wednesday, August 24, 2011 - 9:18am | 93Shares of American Eagle Outfitters (NYSE: AEO) are lower on the session by 8.78%, currently trading at $10.60. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. A short while...
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Morning Market Losers
Wednesday, August 24, 2011 - 8:51am | 94Pacific Sunwear of California Inc (NASDAQ: PSUN) fell 38.25% to $1.34 at 9:50 am. PSUN issued downbeat Q3 forecast. Inphi Corporation (NYSE: IPHI) shares lost 27.52% to $7.61. IPHI lowered its second-half forecast. United Therapeutics Corporation (NASDAQ: UTHR) shares dipped 18.15% to $39.91....
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Earnings Roundup
Wednesday, August 24, 2011 - 8:20am | 1034Toll Brothers Inc (NYSE: TOL) reported a higher Q3 profit, but narrowed its home delivery outlook for the year. Toll Brothers reported its quarterly earnings at $42.1 million, or $0.25 per share, up from $27.3 million, or $0.16 per share, in the year-ago period. Excluding items, Toll Brothers'...
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UPDATE: Wedbush Lowers PT on Pacific Sunwear from $3.50 to $2
Wednesday, August 24, 2011 - 7:58am | 79Wedbush has published a research report on Pacific Sunwear of California (NASDAQ: PSUN). In the report, Wedbush wrote, "Although we commend PSUN on a Q2 beat and progress renegotiating lease agreements for ~80 locations, we believe the stock may be under significant pressure following management'...
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Pre-Market Losers; United Therapeutics Down 21%
Wednesday, August 24, 2011 - 7:53am | 78United Therapeutics (NASDAQ: UTHR) -21.25% after being downgraded to Neutral by JP Morgan. American Eagle Outfitters (NYSE: AEO) -7.06% on lower than expected earnings and guidance. Vonage Holdings (NYSE: VG) -6.15% after gaining 9% yesterday. Human Genome Sciences (NASDAQ: HGSI) -5.18% after...
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UPDATE: Oppenheimer Downgrades Pacific Sunwear to Perform
Wednesday, August 24, 2011 - 7:44am | 102Oppenheimer is out with its report today on Pacific Sunwear (NASDAQ: PSUN), downgrading PSUN to Perform from Outperform. In its report, Oppenheimer writes, "Lowering rating to Perform. While encouraged by 2Q results (above consensus EPS of $(0.18) on a 1% comp and 7% decline in inventories), we're...
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Oppenheimer Downgrading Pacific Sunwear
Wednesday, August 24, 2011 - 7:39am | 149Oppenheimer & Co. is out with a research report on Pacific Sunwear (NASDAQ: PSUN) and is downgrading shares to Perform from Outperform. In a note to clients, Oppenheimer & Co. writes, "Lowering rating to Perform. While encouraged by 2Q results (above consensus EPS of $(0.18) on a 1% comp...
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UPDATE: American Eagle Reports Downbeat FQ2 Profit
Wednesday, August 24, 2011 - 7:24am | 98American Eagle Outfitters Inc (NYSE: AEO) reported a strong rise in its fiscal second-quarter profit. American Eagle's quarterly profit surged to $19.7 million, or $0.10 per share, from $9.7 million, or $0.05 per share, in the year-ago period. Its earnings from continuing operations came in at $0...
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UPDATE: J.P. Morgan Lowering Price Target On Urban Outfitters
Wednesday, August 24, 2011 - 7:12am | 160J.P. Morgan Chase & Co. is out with a research report on Urban Outfitters (NASDAQ: URBN) and is lowering its price target to to $33 from $36, but is keeping its Overweight rating on shares. In a note to clients, J.P. Morgan Chase & Co. writes, "URBN reported 2Q11 EPS of $0.35 versus the...
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UPDATE: JP Morgan Lowers PT on Ann Taylor from $30 to $28
Wednesday, August 24, 2011 - 7:06am | 103J.P. Morgan has published a research report on Ann Taylor Stores (NYSE: ANN) lowering the price target by $2. In the report, J.P. Morgan wrote, "Most importantly, in our view, in an environment in which we are growing increasingly more accustomed to guide-downs and negative EPS revisions, ANN...
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Benzinga's Top Downgrades
Wednesday, August 24, 2011 - 6:49am | 129Morgan Keegan downgraded Abbott Laboratories (NYSE: ABT) from “outperform” to “market perform.” ABT's shares closed at $50.51 yesterday. Abbott Laboratories' trailing-twelve-month ROA is 8.03%. Pacific Sunwear of California Inc (NASDAQ: PSUN) was downgraded by Oppenheimer from "outperform" to "...
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Financial Breakfast for August 24, 2011
Wednesday, August 24, 2011 - 6:42am | 521This is your Benzinga news summary and traders' outlook for Wednesday, August 24, 2011, covering headlines from overnight and Wednesday's pre-market session. Today in domestic pre-market trading, U.S equity futures are trading lower. At last check, Dow futures are down about 75 points and the U.S...