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Guess? Sees Q2 EPS of $0.77 to $0.83
Wednesday, May 25, 2011 - 4:09pm | 101Guess?, Inc. (NYSE: GES) updated its outlook for the fiscal year ending January 28, 2012, as follows: Consolidated net revenues are expected to range from $2.74 billion to $2.80 billion. Operating margin is expected to be between 16.5% and 17.0%. Diluted earnings per share are expected to be in...
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Five Stocks Kirstie Alley Might Pick Now That She Lost Dancing Crown
Wednesday, May 25, 2011 - 3:06pm | 507Every season, a series of mediocre B-listers and professional dancers pair off on Dancing with the Stars, shaking their can-can for judges and an American public that shows an appalling lack of insight into what constitutes talent. This season, football player Hines Ward took the crown away from...
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Shorts in a Bit of a Squeeze 05-25-2011
Wednesday, May 25, 2011 - 2:54pm | 898Cusick's Corner There I was watching the Dollar trade, DXM11, and it was trading at 76.350 -- nice move and then I got a glimpse of the S&Ps, ESM11, and they are breaking 1313 which is the long standing trendline to the upside. Now the shorts are in a bit of a squeeze here in the Midday, but...
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Piper Jaffray Reiterated Underweight and PT of $3.50 on Pacific Sunwear
Wednesday, May 25, 2011 - 10:12am | 178Piper Jaffray reiterated its Underweight rating and price target of $3.50 on Pacific Sunwear (NASDAQ: PSUN) after the company announced its quarterly results in line with analysts' expectations. In a research report published today, Piper Jaffray states, "PSUN reported FQ1 results that were in...
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Earnings Roundup For May 25
Wednesday, May 25, 2011 - 8:54am | 863Costco Wholesale Corp (NASDAQ: COST) reported a 5.9% rise in its fiscal third-quarter net profit on Wednesday. Costco reported its quarterly net profit at $324 million, or $0.73 per share, up from $306 million, or $0.68 per share, in the year-earlier period. Its revenue surged 16% to $20.19 billion...
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UPDATE: American Eagle Reports Weaker-Than-Expected Q1 Profit
Wednesday, May 25, 2011 - 8:49am | 96American Eagle Outfitters Inc (NYSE: AEO) reported weaker-than-expected first-quarter profit on Wednesday. American Eagle reported its quarterly earnings at $28.3 million, or $0.14 per share. The company's adjusted earnings came in at $0.13 per share. Its sales dropped 6% to $610 million. However...
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UPDATE: Brown Shoe Reports 63% Drop In FQ1 Earnings
Wednesday, May 25, 2011 - 8:37am | 122Brown Shoe Co (NYSE: BWS) reported a 63% decline in its fiscal first-quarter earnings. Brown Shoe reported its quarterly profit at $3.69 million, or $0.08 per share, down from $10 million, or $0.23 per share, in the year-earlier period. Excluding items like acquisition-related costs and an...
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Urban Outfitters Highlights from Citi Conference
Wednesday, May 25, 2011 - 7:46am | 113Citi is providing a few highlights on Urban Outfitters (NASDAQ: URBN). “URBN's stance was cautious in discussing the ‘turn' in the business and traction on the women's apparel side,” Citi writes. “The company seemed less optimistic about a 2H inflection than they have in the recent past;...
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UPDATE: Wedbush Lowering Price Target On Pacific Sunwear of California
Wednesday, May 25, 2011 - 7:40am | 172Wedbush is lowering its price target on shares of Pacific Sunwear of California (NASDAQ: PSUN) to $3.50 from $4 after it reported earnings. It has an Underperform rating on shares. In a note to clients, Wedbush writes, "With the stock down 15% within the past week (below WS Softlines Index of...
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Brown Shoe Sees 2011 EPS of $1.25 to $1.32
Wednesday, May 25, 2011 - 7:20am | 99“For 2011, we are maintaining our previous annual guidance, however, based on our first quarter results, we are currently expecting this to trend toward the lower end,” said Mark Hood, chief financial officer for Brown Shoe (NYSE: BWS). “As expected, we still foresee our annual improvement to come...
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Piper Jaffray Reiterates OW Rating, $48 PT on Guess
Wednesday, May 25, 2011 - 7:18am | 121Piper Jaffray remains confident in the Guess (NYSE: GES) brand relevance and long-term growth potential in Europe “following our recent store visits and meetings with industry contacts in France.” “We believe Guess has meaningful opportunities to expand market share, even in mature markets, as a...
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Wedbush Raises PT On Pacific Sunwear To $4
Wednesday, May 25, 2011 - 6:30am | 27Wedbush Securities has raised the price target on Pacific Sunwear (NASDAQ: PSUN) from $3.50 to $4 and maintains its Underperform rating.
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US Stock Futures Slightly Down Ahead Of Durable-Goods Data, Applied Materials Shares Down In Pre-Market Trading
Wednesday, May 25, 2011 - 6:27am | 583US stock futures are slightly lower this morning, as investors are awaiting durable-goods data. Shares of Applied Materials Inc (NASDAQ: AMAT) dropped in pre-market trading after the company issued a disappointing forecast. Futures on the Dow Jones Industrial Average dropped 14 points to 12,313.00...
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Earnings Scheduled For May 25
Wednesday, May 25, 2011 - 1:29am | 424Polo Ralph Lauren Corp (NYSE: RL) is expected to post its Q4 earnings at $0.79 per share on revenue of $1.39 billion. Hormel Foods Corp (NYSE: HRL) is estimated to report its Q2 earnings at $0.40 per share on revenue of $1.82 billion. Netapp Inc (NASDAQ: NTAP) is estimated to post its Q4 EPS at...
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Wall Street Strategies Comments on Pacific Sunwear
Tuesday, May 24, 2011 - 5:18pm | 85Wall Street Strategies provided color on Pacific Sunwear of California (NASDAQ: PSUN) in a research report published today. In the report, Wall Street Strategies states, "In spite of a +1% headline comparable store sales print (guidance -3% to +2%) and gross margin (19.00%, down 321 bps y/y;...