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First Solar to Build Solar Module Factory in Mesa, Arizona
Thursday, March 17, 2011 - 2:23pm | 104First Solar, Inc. (Nasdaq: FSLR) today announced it will build its new U.S. manufacturing center in Mesa, Ariz. First Solar will invest about $300 million in the factory, which will create approximately 600 jobs and will include four manufacturing lines with a capacity to produce more than 250...
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Bulls Shopping at Bebe Stores, Inc. (BEBE)
Thursday, March 17, 2011 - 1:13pm | 153Shares of bebe stores, Inc. (NASDAQ: BEBE) are higher on the session by 0.18%, currently trading at $5.60. The stock has been moving largely lower over the past six months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A...
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Citi Optimistic On Guess Following Earnings Report & Guidance
Thursday, March 17, 2011 - 9:01am | 170Guess's (NYSE: GES) 4Q came in sloppier than Citi expected, with a $0.99 print when you exclude a $0.05 benefit from loyalty card breakage and a $0.07 benefit from a shift in European sales; consensus was $1.06. US comps have improved a bit thus far in the quarter but there's little visibility into...
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Ross Stores Reports Q4 EPS of $1.37 vs. $1.37; Revenues $2.145B vs. $2.12B
Thursday, March 17, 2011 - 8:35am | 93Ross Stores, Inc. (Nasdaq: ROST) today reported earnings per share for the 13 weeks ended January 29, 2011 of $1.37, up from $1.16 for the 13 weeks ended January 30, 2010. These results represent a strong 18% increase on top of an outstanding 53% gain for the same period last year. Net earnings...
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Sterne Agee Reports On Guess?, Inc Q4
Thursday, March 17, 2011 - 8:34am | 85Sterne Agee has reported on the fourth quarter results of Guess?, Inc. (NYSE: GES). According to Sterne Agee, "GES reported Q4 results of $1.11 aided by $0.05 in one-time loyalty program breakage. Results were $1.11 above SA/FC at $1.05 and guidance of $1.02-$1.06. Sales were $757 million – above...
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Ross Stories Reports Q4 EPS $1.37 Vs. $1.37 Estimates (ROST)
Thursday, March 17, 2011 - 8:31am | 23Ross Stories Reports Q4 EPS $1.37 Vs. $1.37 Estimates (NASDAQ: ROST). Comps came in at +4%.
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Ross Stores Reports Q4 Comps +4% (ROST)
Thursday, March 17, 2011 - 8:29am | 18Ross Stores Reports Q4 same-story sales +4% (NASDAQ: ROST).
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Benzinga's Top Downgrades (BMC, DVN, LPNT, AEO)
Thursday, March 17, 2011 - 8:19am | 148BMC Software Inc (NASDAQ: BMC) was downgraded by Stifel Nicolaus from "buy" to "hold." BMC's shares closed at $47.04 yesterday. BMC Software's PEG ratio is 1.25. Argus downgraded Devon Energy Corporation (NYSE: DVN) from “buy” to “hold.” DVN's stock closed at $85.65 yesterday. Devon Energy's...
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Reminder: Ross Stores' Q4 Earnings Conference Call At 11:00am (ROST)
Thursday, March 17, 2011 - 8:06am | 29This is a reminder that Ross Stores' (NASDAQ: ROST) fourth quarter 2010 earnings conference call is scheduled today for 11:00am.
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Jefferies Comments on Fresh Opportunities For Guess In FY2010
Thursday, March 17, 2011 - 8:01am | 101In a report published by Jefferies, Guess' (NYSE: GES) slate in now wiped clean. Jefferies said that while 4Q results were less than perfect, it believes the difficulties of FY2011 are now behind the company as it embarks on new opportunities going forward. “GES's global growth and business model...
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Piper Jaffray Remains Overweight On Guess Following Earnings Report
Thursday, March 17, 2011 - 7:40am | 161On Wednesday evening Guess (NYSE: GES) reported FQ4 EPS of $1.11, ahead of Piper Jaffray and consensus ests of $1.06. However, FQ4 benefited from timing shifts and loyalty breakage and FQ1 guidance was significantly below expectations. FY12 EPS guidance of $3.30-3.50 was below Piper's $3.56...
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A Peek Into The Market Before The Trading Starts
Thursday, March 17, 2011 - 7:35am | 446Pre-open moversUS stock futures are higher this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average gained 51 points to 11,629.00 and futures on the S&P 500 stock index climbed 8.30 points to 1,262.20. Nasdaq 100 futures rose 10.25 points to 2,218.75....
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Citigroup Lowers PT On Guess? Inc. To $46
Thursday, March 17, 2011 - 7:25am | 28Citigroup has lowered the price target on Guess? Inc. (NYSE: GES) from $50 to $46 and maintains its Hold rating.
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Brean Murray Reiterates Its $60 PT On GES
Thursday, March 17, 2011 - 7:23am | 77Brean Murray, Carret & Co. is reiterating $60 PT on shares of Guess? Inc. (NYSE: GES), and is adjusting its FY12 EPS to $3.32 (from $3.51). “Here is the bottom line,” Brean Murray writes. “Guess?, much like any of our other denim based or contemporary plays (all of whom have released weaker-...
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Piper Jaffray Lowers PT On Guess? To $48
Thursday, March 17, 2011 - 7:03am | 29Piper Jaffray has lowered the price target on Guess? Inc. (NYSE: GES) from $53 to $48 and maintains its Overweight rating.