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Earnings Roundup
Thursday, August 18, 2011 - 9:07am | 1563Tech Data Corp (NASDAQ: TECD) reported a 23% rise in its fiscal second-quarter earnings. Tech Data reported its quarterly profit at $50.1 million, or $1.10 per share, up from $40.9 million, or $0.82 per share, in the year-ago period. Its net sales surged 18% to $6.45 billion. However, analysts were...
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ISI Maintains Sell on Sears Holdings
Thursday, August 18, 2011 - 9:07am | 125ISI is out with its report today on Sears Holdings (NASDAQ: SHLD), maintaining Sell. In its report, ISI writes, "SHLD seems to be at a more critical spot than in 2009. Working capital management will be the key thing to watch in 2H; SHLD needs to reduce inventory and extend payables or sell assets...
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News Summary for August 18, 2011
Thursday, August 18, 2011 - 7:46am | 685This is your Benzinga news summary and traders' outlook for Thursday, August 18, 2011, covering headlines from overnight and Thursday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading lower. Morgan Stanley lowered its global growth targets for both 2011...
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A Peek Into The Market Before The Trading Starts
Thursday, August 18, 2011 - 7:31am | 347Pre-open movers US stock futures are lower this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average dipped 183 points to 11,198.00 and S&P 500 index futures fell 23.10 points to 1,166.80. Nasdaq 100 futures dropped 44.75 points to 2,130.50. A Peek...
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UPDATE: Sears Holdings Reports Wider-Than-Expected FQ2 Loss
Thursday, August 18, 2011 - 6:30am | 99Sears Holdings Corp (NASDAQ: SHLD) reported wider-than-expected loss for the fiscal second-quarter on Thursday. Sears Holdings' quarterly loss came in at $146 million, or $1.37 per share, versus a loss of $39 million, or $0.35 per share, in the year-ago period. Sears Holdings' adjusted loss came...
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Earnings Scheduled For August 18
Thursday, August 18, 2011 - 4:17am | 594Dollar Tree Inc (NASDAQ: DLTR) is projected to report its Q2 EPS at $0.75 on revenue of $1.55 billion. Sears Holdings Corporation (NASDAQ: SHLD) is estimated to post a Q2 loss at $0.46 per share on revenue of $10.13 billion. Gap Inc (The) (NYSE: GPS) is projected to report its Q2 EPS at $0.33 on...
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Earnings Roundup
Tuesday, August 16, 2011 - 9:22am | 547Home Depot Inc (NYSE: HD) reported a 14% rise in its fiscal-second-quarter net income. Home Depot's quarterly profit surged to $1.36 billion, from $1.19 billion, in the year-ago period. Its earnings per share rose to $0.86 from $0.72. Shares outstanding dropped 5.2% to 1.58 billion. Home Depot's...
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Sears Holdings Names Robert A. Schriesheim CFO
Tuesday, August 16, 2011 - 9:15am | 51Sears Holdings (NASDAQ: SHLD) announced today that Robert A. Schriesheim will join the company as executive vice president and chief financial officer. Mr. Schriesheim, who starts with the company today as executive vice president, will assume his responsibilities as CFO effective Monday, Aug. 22.
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UPDATE: Saks Reports Lower-Than-Expected Q2 Loss
Tuesday, August 16, 2011 - 9:07am | 96Saks Inc (NYSE: SKS) reported lower-than-expected second-quarter loss. Saks posted a quarterly loss at $8.4 million, or $0.05 per share, versus a loss of $32.2 million, or $0.21 per share, in the year-ago period. Excluding an impairment charge, pension charge and other items, Saks' adjusted loss...
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US Stock Futures Down; Wal-Mart Earnings In Focus
Tuesday, August 16, 2011 - 6:11am | 533US stock futures are lower this morning, as investors are awaiting earnings from Wal-Mart Stores Inc (NYSE: WMT). Futures for the Dow Jones Industrial Average dipped 77 points to 11,326.00 and S&P 500 index futures fell 12.60 points to 1,185.80. Nasdaq 100 futures dropped 23.50 points to 2,183....
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Earnings Scheduled For August 16
Tuesday, August 16, 2011 - 4:19am | 481TJX Companies Inc (The) (NYSE: TJX) is expected to report its Q2 EPS at $0.89 on revenue of $5.44 billion. Home Depot Inc (The) (NYSE: HD) is projected to report its Q2 EPS at $0.83 on revenue of $19.96 billion. Saks Incorporated (NYSE: SKS) is estimated to post a Q2 loss at $0.09 per share on...
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Kynikos Associates Discloses Holdings in 13F
Monday, August 15, 2011 - 12:04pm | 88New Companies: Deere (NYSE: DE) JC Penney (NYSE: JCP) Saks (NYSE: SKS) Disposes Entire Stake: PowerShares QQQ Trust (NASDAQ: QQQ) SemiLEDs (NASDAQ: LEDS) The Shaw Group (NYSE: SHAW) Veeco Instruments (NASDAQ: VECO)
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Goldman Sachs Maintains Sell on Sears
Monday, August 15, 2011 - 9:51am | 68Goldman Sachs is out with its report today on Sears (NASDAQ: SHLD), maintaining Sell. In its report, Goldman Sachs writes, "While the free-fall in SHLD's fundamental outlook may have plateaued, we remain a seller, given continued share losses and negative profitability at the EBIT line." At the...
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UPDATE: Citi Lowers PT on JC Penney to $32
Monday, August 15, 2011 - 7:39am | 82Citi is out with its report today on JC Penney (NYSE: JCP), lowering its PT to $32 from $35. In its report, Citi writes, "We are lowering our 2011 EPS est. to $1.77, vs. $1.79 prev. We are lowering our target price to $32, vs. $35 prev., which reflects our 2012 EPS est. (excl. pension) of $2.46...
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Citigroup Lowers PT on JC Penney To $32
Monday, August 15, 2011 - 6:02am | 26Citigroup has lowered the price target on JC Penney (NYSE: JCP) from $35 to $32 and maintains its Buy rating.