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Nordstrom, Inc. Falls on Decreased Guidance (JWN)
Thursday, May 12, 2011 - 4:35pm | 137Shares of Nordstrom, Inc. (NYSE: JWN) are trading lower in the after-hours following the release of its Q1 earnings results. Currently, shares are off by 2.73%, trading at $47.83. They closed the regular session higher by 0.97%, at $49.17. Nordstrom, Inc. reported Q1 EPS of $0.65 on revenues of $...
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Nordstrom Board of Directors Authorizes $750M Share Repurchase Program
Thursday, May 12, 2011 - 4:10pm | 117Nordstrom, Inc. (NYSE: JWN) announced today that its board of directors has authorized a repurchase program of up to $750 million of the Company's outstanding common stock, through February 2, 2013. The shares are expected to be acquired through open market transactions. The Company intends to fund...
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News Summary
Thursday, May 12, 2011 - 10:21am | 238Treasury prices and the US dollar remained higher after first-time unemployment claims in the US dropped to 434,000 in the latest week. Retail sales increased 0.5% and wholesale prices surged 0.8% last month. The dollar index (DXY) gained to 75.509, up from 75.259 late Wednesday. Against the dollar...
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Upgrades and Downgrades $INTC, CSCO, $HSGI, $SPY $V
Thursday, May 12, 2011 - 10:10am | 950Intel Corp (INTC) The Long- And The Short-Term Of It—Reiterate Buy Quick Stock Call — With the recent spate of good news (quarter results, multigate, dividend increase) driving appreciation, we see potential for ST profit taking in INTC, particularly in light of poor PC data points. But we view...
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Earnings Roundup For May 12 (KSS, NTXFY, AEG, PBH, GRS, THI, BT, NSANY, ORBK, IAG, RWEOY, SINA, ALIZF, REPYY, ACAT, PSSI, BCE)
Thursday, May 12, 2011 - 9:51am | 928Kohl's Corp (NYSE: KSS) reported its Q1 earnings at $211 million, or $0.73 per share, versus $199 million, or $0.64 per share, in the year-earlier period. Its sales surged to $4.16 billion from $4.04 billion. However, analysts were expecting earnings of $0.73 per share on sales of $4.16 billion....
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Goldman Sachs Comments On Kohl's 1Q EPS
Thursday, May 12, 2011 - 9:45am | 119According to Goldman Sachs, Kohl's (NYSE: KSS) reported 1Q EPS of $0.73, in line with GS, consensus and management guidance. Goldman Sachs said that EBIT was light of the estimates, as lower than expected gross margin and SG&A were partly offset by lower depreciation. “Below the EBIT line, a...
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Kohl's Sees 'Significant' Increases in Apparel Costs this Year, has Great Confidence in Small-Store Format
Thursday, May 12, 2011 - 9:41am | 32Kohl's (NYSE: KSS) says, "sees `significant' increases in apparel costs this year... company wasn't happy with 1Q sales performance... `great confidence' in small-store format."
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Piper Jaffray Reports Kohl's FQ1 Results In Line With Guidance
Thursday, May 12, 2011 - 9:23am | 107According to Piper Jaffray, Kohl's (NYSE: KSS) FQ1 results are in line with guidance. Piper Jaffray said that Kohl's reported FQ1 EPS of $0.73 versus the estimate of $0.72 and consensus of $0.73. “Results were in line with management's most recent guidance of "towards the high end" of the $0.68-$0...
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Morgan Stanley Reports on Macy's (M)
Thursday, May 12, 2011 - 8:56am | 146Morgan Stanley commented on Macy's (NYSE: M) in a report released yesterday. In the report, Morgan Stanley was positive in its assessment of the company. Morgan Stanley writes, “We are reiterating our OW rating on M as we expect i) earnings upside and ii) multiple expansion to benefit the shares....
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Bank of America Raises Macy's PT From $30 To $35
Thursday, May 12, 2011 - 8:37am | 28Bank of America is raising its PT on shares of Macy's, Inc. (NYSE: M) from $30 to $35. Macy's closed Wednesday at $28.36.
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A Peek Into The Market Before The Trading Starts
Thursday, May 12, 2011 - 7:55am | 421Pre-open movers US stock futures are lower this morning, after decline in commodity prices and global equity markets. Futures on the Dow Jones Industrial Average dropped 64 points to 12,533.00 and futures on the S&P 500 stock index fell 7.40 points to 1,331.30. Nasdaq 100 futures declined 17.50...
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UPDATE: Kohl's Reports Q1 Earnings of $211 million, Lifts Earnings Forecast
Thursday, May 12, 2011 - 7:43am | 103Kohl's Corp (NYSE: KSS) released its first quarter results on Thursday. The retailer reported its quarterly earnings at $211 million, or $0.73 per share, versus $199 million, or $0.64 per share, in the year-earlier period. Its sales surged to $4.16 billion from $4.04 billion. However, analysts...
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US Stock Futures Signal Lower Start On Wall Street; Weekly Jobless Claims Data In Focus; Cisco Shares Down In Pre-Market Trading
Thursday, May 12, 2011 - 6:28am | 554US stock futures are lower this morning, after decline in global equity markets. Futures on the Dow Jones Industrial Average dropped 74 points to 12,523.00 and futures on the S&P 500 stock index fell 8.40 points to 1,330.30. Nasdaq 100 futures declined 20 points to 2,373.50. US stocks closed...
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Earnings Scheduled For May 12 (DRYS, JWN, AHII, KSS, DAR, NVDA, CACH, XIN, ACAT, BBOX, ESLR, CXPO, IRWD, CTFO, TREE, CYCC, CXDC)
Thursday, May 12, 2011 - 2:15am | 451DryShips Inc (NASDAQ: DRYS) is projected to post its Q1 EPS at $0.16 on revenue of $234.12 million. Nordstrom Inc (NYSE: JWN) is projected to report its Q1 EPS at $0.66 on revenue of $2.22 billion. Animal Health International Inc (NASDAQ: AHII) is expected to post its FQ3 EPS at $0.10 on revenue...
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Stocks To Watch For May 12 (JWN, CSCO, KSS, SYMC, NVDA)
Thursday, May 12, 2011 - 12:42am | 304Some of the stocks that may grab investor focus today are: Wall Street expects Nordstrom Inc (NYSE: JWN) to report its Q1 EPS at $0.66 on revenue of $2.22 billion. JWN shares fell 0.41% to $48.50 in after-hours trading. Cisco Systems Inc (NASDAQ: CSCO) reported an 18% decline in its FQ3 profit...