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Earnings Roundup For May 17 (HD, TJX, WMT, HPQ, SKS, TSL, DKS, STV, VOD, SCEI, TSEM, CHUX, ITRN, GCAP)
Tuesday, May 17, 2011 - 9:06am | 1020Home Depot Inc (NYSE: HD) reported a 12% rise in its fiscal first-quarter net income and raised its earnings forecast for the fiscal year. The retailer reported its quarterly earnings at $812 million, or $0.50 per share, up from $725 million, or $0.43 per share, in the year-ago quarter. Its shares...
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UPDATE: TJX Reports Q1 Profit of $266 million
Tuesday, May 17, 2011 - 9:02am | 133The TJX Companies (NYSE: TJX) released its results for the first quarter on Tuesday. The company reported its Q1 profit at $266 million, or $0.67 per share, down from $331.4 million, or $0.80 per share, in the year-earlier period. Its adjusted profit dropped to $0.78 per share from $0.80 per share...
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UPDATE: Sterne Agee Color on Urban Outfitters PT Decrease
Tuesday, May 17, 2011 - 8:24am | 140Sterne Agee, which lowered its PT on shares of Urban Outfitters Inc. (NASDAQ: URBN), is providing some color on the stock. “Q1 results were in line with our recently reduced estimate of $0.23 but below the latest consensus of $0.24,” Sterne Agee writes. “Excluding one-time items of $3.0 million in...
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Deutsche Bank Comments On Urban Outfitters 1Q Earnings (URBN)
Tuesday, May 17, 2011 - 8:18am | 127In a recent report by Deutsche Bank, Although Urban Outfitters (NASDAQ: URBN) 1Q earnings report were disappointing for the company standards, the numbers were in line with investor expectations and can look positive moving forward. After reviewing the 1Q earnings, Deutsche Bank has maintained a...
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J.P. Morgan Comments On Domestic and International Presence Of The Gap (GPS)
Tuesday, May 17, 2011 - 7:52am | 83In a recent report, J.P. Morgan comments on domestic decline and international growth of The Gap (NYSE: GPS) and how GPS compares to companies with a more mature global presence. In the report, J.P. Morgan said, "The stock's valuation appears to reflect a domestic business losing market share...
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Piper Jaffray Reiterating Overweight On Abercrombie & Fitch Co. (ANF)
Tuesday, May 17, 2011 - 7:51am | 150Piper Jaffray is reiterating its Overweight rating and $85 price target on shares of Abercrombie & Fitch Co. (NYSE: ANF). In a note to investors, Piper Jaffray writes, "We reiterate our Overweight rating and $85 price target on ANF shares in advance of the company's FQ1 earnings report this...
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BMC Lowers EPS on Urban Outfitters, Maintains Hold (URBN)
Tuesday, May 17, 2011 - 7:41am | 66BMC lowered its earnings per share estimates on Urban Outfitters (NASDAQ: URBN) for the next two years. After disappointing Q1 results, BMC reduced its earnings per share estimates for 2012 from $1.71 to $1.62 and for 2013 from $2.05 to $2.01. On Monday, Urban Outfitters lost 1.01% of its value to...
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Jefferies Reports Low Visibility On Urban Outfitters
Tuesday, May 17, 2011 - 7:39am | 77According to Jefferies, Urban Outfitters (NASDAQ: URBN) visibility remains low. Jefferies said that 1Q marked a tough quarter for URBN with negative comps and EPS down ~25% YoY. “However, we believe even more difficulties may lie ahead as the company faces limited visibility and some stalled...
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UPDATE: Wedbush Color On Urban Outfitters PT Increase
Tuesday, May 17, 2011 - 7:33am | 144Wedbush, which raised its PT on shares of Urban Outfitters Inc. (NASDAQ: URBN), is providing some color on the stock. “As URBN posts Q1 EPS below Street estimates (despite 4.8M shares buyback completed in Q1) and signals continued product adjustments for both UO and Anthropologie in Q2, we believe...
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Morgan Stanley Lowers Urban Outfitters PT from $36 to $34
Tuesday, May 17, 2011 - 7:16am | 29Morgan Stanley is lowering its PT on shares of Urban Outfitters Inc. (NASDAQ: URBN) from $36 to $34. Urban Outfitters closed Monday at $32.29.
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Sterne Agee Lowers PT On Urban Outfitters To $30
Tuesday, May 17, 2011 - 7:15am | 27Sterne Agee has lowered the price target on Urban Outfitters (NASDAQ: URBN) from $32 to $30 and maintains its Neutral rating.
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Oppenheimer Reiterates OP Rating, $41 PT on Urban Outfitters
Tuesday, May 17, 2011 - 7:14am | 102Urban Outfitters Inc. (NASDAQ: URBN) reported FY1Q12 EPS of $0.23 “vs. our/consensus estimates $0.26/$0.24.” “Revenues rose 9% (DTC +19%, wholesale +22%) while comps (including DTC) declined 1% vs. 16% ly. Comps by division: Urban Outfitters 1% vs. 9%, Anthropologie (6)% vs. 22% and Free People 30...
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Wedbush Raises PT On Urban Outfitters To $35
Tuesday, May 17, 2011 - 6:40am | 27Wedbush Securities has raised the price target on Urban Outfitters (NASDAQ: URBN) from $32 to $35 and maintains its Neutral rating.
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US Stock Futures Up As Investors Await Industrial Production, Housing Data; H-P, Wal-Mart Earnings In Focus
Tuesday, May 17, 2011 - 6:27am | 511US stock futures are higher this morning, as investors are awaiting industrial production and housing data, along with earnings reports from Hewlett-Packard Co (NYSE: HPQ) and Wal-Mart Stores Inc (NYSE: WMT). Futures on the Dow Jones Industrial Average surged 39 points to 12,548.00 and futures on...
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Earnings Scheduled For May 17 (SKS, HD, DKS, WMT, HPQ, TJX, GILT, CHUX, DELL, ADI, TSL, SYPR, VSAT, YTEC)
Tuesday, May 17, 2011 - 12:46am | 369Saks Inc (NYSE: SKS) is estimated to post its Q1 EPS at $0.16 on revenue of $724.46 million. Home Depot Inc (NYSE: HD) is projected to report its Q1 earnings at $0.49 per share on revenue of $17.02 billion. Dick's Sporting Goods Inc (NYSE: DKS) is expected to report its Q1 earnings at $0.29 per...