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Wedbush Reiterates Outperform on Chico's FAS
Wednesday, August 31, 2011 - 8:12am | 99Wedbush is out with its report today on Chico's FAS (NYSE: CHS), reiterating Outperform. In its report, Wedbush writes, "We continue to believe CHS offers one of the most compelling investment ideas in the softlines universe given its combination of sales momentum, AUR opportunities, square...
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Earnings Roundup
Wednesday, August 31, 2011 - 8:04am | 1241Joy Global Inc (NASDAQ: JOYG) reported a 46% surge in its fiscal third-quarter profit and raised its forecast for the year. Joy Global's quarterly profit climbed to $173.1 million, or $1.62 per share, from $118.5 million, or $1.13 per share, in the year-ago period. Its sales surged 34% to $1.14...
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UPDATE: Genesco Reports Upbeat Q2 Results, Raises FY12 Earnings Forecast
Wednesday, August 31, 2011 - 8:02am | 109Genesco Inc (NYSE: GCO) reported upbeat Q2 results and raised FY12 earnings forecast. Genesco reported a quarterly loss of $392,000, or $0.02 per share, versus a loss of $3.18 million, or $0.14 per share, in the year-ago period. Excluding non-recurring items, Genesco's quarterly earnings came in...
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Pre-Market Movers; Zipcar up 9.09%
Wednesday, August 31, 2011 - 7:31am | 60Zipcar (NASDAQ: ZIP) +9.09% on the strategic alliance with Ford. Jos. A. Bank Clothiers (NASDAQ: JOSB) +5.25% on better than expected earnings. Lions Gate Entertainment (NYSE: LGF) -5.59 after Carl Icahn announced he would sell his Lionsgate holdings.
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Benzinga's Top Pre-Market Losers
Wednesday, August 31, 2011 - 7:02am | 120DryShips Inc (NASDAQ: DRYS) fell 10.09% to $6.50 in the pre-market trading. DRYS reported downbeat quarterly profit. Jos. A. Bank Clothiers Inc (NASDAQ: JOSB) dipped 3.74% to $45.50 in the pre-market session. JOSB reported a 25% rise in its fiscal second-quarter net income. BlackRock Inc (NYSE:...
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UPDATE: Jefferies Lowers Price Target On Zumiez To $21
Wednesday, August 31, 2011 - 6:51am | 67According to Jefferies, Zumiez (NASDAQ: ZUMZ) price target is lowered to $21. Jefferies said that it expects ZUMZ to post a good 2Q with continued topline momentum and margin expansion. “Our new $21 PT (from $28) is based on 18x FY'12 P/E and 7.5x EV/EBITDA, a slight discount to historical...
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UPDATE: Jos. A. Bank Reports 25% Rise In Q2 Net Income
Wednesday, August 31, 2011 - 5:59am | 74Jos. A. Bank Clothiers Inc (NASDAQ: JOSB) reported a 25% rise in its fiscal second-quarter net income. Jos. A. Bank reported its quarterly earnings at $20.6 million, or $0.74 per share, up from $16.5 million, or $0.59 per share, in the year-ago period. Its sales climbed to $230.7 million from $...
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Jefferies Lowers PT On Zumiez To $21
Wednesday, August 31, 2011 - 5:58am | 26Jefferies & Company has lowered the price target on Zumiez (NASDAQ: ZUMZ) from $28 to $21 and maintains its Hold rating.
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US Stock Futures Up Ahead Of Economic Data
Wednesday, August 31, 2011 - 5:11am | 479US stock futures are higher this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average jumped 98 points to 11,590.00 and S&P 500 index futures rose 12.30 points to 1,217.10. Nasdaq 100 futures gained 21.25 points to 2,248.25. US stocks closed higher on...
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Earnings Scheduled For August 31
Wednesday, August 31, 2011 - 3:51am | 469Joy Global Inc (NASDAQ: JOYG) is projected to report its FQ3 EPS at $1.53 on revenue of $1.17 billion. Shuffle Master Inc (NASDAQ: SHFL) is expected to report its Q3 EPS at $0.15 on revenue of $58.14 million. The Fresh Market Inc (NASDAQ: TFM) is estimated to report its Q2 EPS at $0.19 on revenue...
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Stocks To Watch For August 31
Wednesday, August 31, 2011 - 3:29am | 286Some of the stocks that may grab investor focus today are: Wall Street expects Jos. A. Bank Clothiers Inc (NASDAQ: JOSB) to report its Q2 EPS at $0.68 on revenue of $209.72 million. JOSB shares gained 2.78% to close at $47.27 yesterday. DryShips Inc (NASDAQ: DRYS) reported downbeat quarterly...
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One Piece Of Advice: Never Bet Against Women's Shoes
Tuesday, August 30, 2011 - 12:09pm | 594There are a few things in life you should always count on. Taxes. Death. Women's shoes. Women's shoe retailer DSW (NYSE: DSW) continues to beat every expectation on Wall Street, and raised its guidance as well. For the quarter ended July 30, Columbus, Ohio-based DSW reported earnings of $3.96...
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Earnings Roundup
Tuesday, August 30, 2011 - 8:08am | 604Dollar General Corp (NYSE: DG) reported a 3.4% rise in its FQ2 net income rose 3.4% and raised the low end of its earnings forecast for the full year. Dollar General reported its quarterly profit at $146 million, or $0.42 per share, up from $141.2 million, or $0.41 per share, in the year-ago...
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UPDATE: DSW Reports Upbeat Q2 Profit, Lifts Full-Year Forecast
Tuesday, August 30, 2011 - 6:57am | 102DSW Inc (NYSE: DSW) reported upbeat quarterly profit and lifted its full-year forecast. DSW reported its Q2 profit at $139.9 million, or $3.96 per share, up from $26.9 million, or $1.00 per share, in the year-ago period. Excluding merger-related items, DSW earned $0.74 per share. Its sales...
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Benzinga's Top Downgrades
Tuesday, August 30, 2011 - 6:45am | 127Citigroup downgraded American Eagle Outfitters Inc (NYSE: AEO) from “buy” to “hold.” AEO's shares closed at $10.89 yesterday. American Eagle's trailing-twelve-month profit margin is 5.69%. LDK Solar Co Inc (NYSE: LDK) was downgraded by Needham from "buy" to "hold." LDK's shares closed at $6.18...