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FDO F1Q11 EPS Below Citigroup Estimate
Thursday, January 6, 2011 - 8:37am | 67Family Dollar Stores, Inc.'s (NYSE: FDO) F1Q11 EPS of $0.58 per diluted share were “below our estimate of $0.62 and consensus of $0.61, but within guidance of $0.56 to $0.61, and vs. $0.49 last year,” Citigroup reports. Results reflected SSS of +6.9% (at the high-end of FDO's 5 to 7% guidance),...
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Bad Day For Nelson Peltz, Family Dollar (FDO)
Wednesday, January 5, 2011 - 3:53pm | 149Back in July, Nelson Peltz's Trian Fund Management took a 6% stake in Family Dollar (NYSE: FDO). At the time, the transaction was valued at $168,698,208. As of yesterday, Trian was up almost 25% on their investment, but a good chunk of those profits have evaporated today. Family Dollar has fallen...
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Five And Dime's Drop Dollars
Wednesday, January 5, 2011 - 3:31pm | 225Two of the major winning stocks in 2010 were Dollar Tree Inc.(NYSE: DLTR), and Family Dollar Stores Inc.(NYSE: FDO). Dollar Tree Inc. was trading around $32.00 in January 2010. Yesterday the stock traded over $56.00 a share before staging a sharp high volume reversal. The stock cut right through...
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Family Dollar Trading Lower Today (FDO)
Wednesday, January 5, 2011 - 1:29pm | 27Family Dollar (NYSE: FDO) is trading lower today. At last check, FDO was trading at $45.20, down 8.34% from yesterday's close.
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Market Roundup (LCC, ATHR, QCOM, ADSK, FDO, BJ, DG, DLTR)
Wednesday, January 5, 2011 - 11:58am | 313Shares of US Airways (NYSE: LCC) gained about 5% after the company reported a 5.7% rise in its total December mainline traffic. The company's mainline traffic came in at 4.7 billion revenue passenger miles. LCC's total December capacity increased 3.7% y/y to 5.9 billion available seat miles. LCC's...
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Target Gets Shot Down
Wednesday, January 5, 2011 - 10:45am | 105This morning the leading retail stock Target Corp.(NYSE: TGT) is declining lower by $1.29 to $58.70. This stock is pulling back from a recent 52 week high made two sessions ago at $60.97. Target will have short term intra-day support around the $58.50-$58.30 area. The stock could see a small intra-...
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Company News for January 05, 2011 - Corporate Summary
Wednesday, January 5, 2011 - 10:03am | 1016• Qualcomm (NASDAQ:QCOM) has announced plans to purchase Atheros Communications (NASDAQ:ATHR) for $45 per share, in a deal valued at $3.5 billion • After yesterday's close, Mosaic (NYSE:MOS) reported fiscal second quarter earnings of $1.01 ex-items, versus $0.24 a year ago, ahead of the Zacks...
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Company News for January 05, 2011 - Corporate Summary
Wednesday, January 5, 2011 - 9:47am | 1016• Qualcomm (NASDAQ:QCOM) has announced plans to purchase Atheros Communications (NASDAQ:ATHR) for $45 per share, in a deal valued at $3.5 billion • After yesterday's close, Mosaic (NYSE:MOS) reported fiscal second quarter earnings of $1.01 ex-items, versus $0.24 a year ago, ahead of the Zacks...
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News Summary
Wednesday, January 5, 2011 - 9:35am | 183Shares of Family Dollar Stores Inc (NYSE: FDO) dropped about 8.7% after the company reported weaker-than-expected Q1 earnings. The company's net income came in at $0.58 per share, up from $0.49 per share, in the year-ago quarter. FDO's sales surged 9.5% y/y to $2 billion. However, analysts were...
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Family Dollar Misses, Earnings Up - Analyst Blog
Wednesday, January 5, 2011 - 9:33am | 795Family Dollar Stores Inc. (FDO) recently posted lower-than-expected first-quarter 2011 results. The quarterly earnings of 58 cents a share missed the Zacks Consensus Estimate of 61 cents, but jumped 18.4% from 49 cents earned in the prior-year quarter due to healthy sales witnessed in the...
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Family Dollar Misses, Earnings Up - Analyst Blog
Wednesday, January 5, 2011 - 9:00am | 795Family Dollar Stores Inc. (FDO) recently posted lower-than-expected first-quarter 2011 results. The quarterly earnings of 58 cents a share missed the Zacks Consensus Estimate of 61 cents, but jumped 18.4% from 49 cents earned in the prior-year quarter due to healthy sales witnessed in the...
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Previewing & Trading The ISM Serivces
Wednesday, January 5, 2011 - 8:40am | 71The ISM Services index is scheduled to be released at 10:00 a.m. for December. Economists expect a reading of 55.7. Should the services index come in better than expected, we could see companies Wal-Mart (NYSE: WMT), Target (NYSE: TGT) and companies of that nature rally a little bit on a hotter...
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Big Lots Upgraded - Analyst Blog
Wednesday, January 5, 2011 - 8:33am | 524We recently upgraded our recommendation on Big Lots Inc. (BIG) to 'Neutral' with a price target of $32.00. Earlier, we had an 'Underperform' rating on the stock.The company is the largest broad-line closeout retailer with an annual turnover of more than $4 billion. Big Lots buys brand...
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Big Lots Upgraded - Analyst Blog
Wednesday, January 5, 2011 - 8:00am | 524We recently upgraded our recommendation on Big Lots Inc. (BIG) to 'Neutral' with a price target of $32.00. Earlier, we had an 'Underperform' rating on the stock.The company is the largest broad-line closeout retailer with an annual turnover of more than $4 billion. Big Lots buys brand...
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Family Dollar Reports First Quarter Sales and Earnings
Wednesday, January 5, 2011 - 7:16am | 77Family Dollar Stores, Inc. (NYSE: FDO) today reported that net sales for the first quarter of fiscal 2011 ended November 27, 2010, increased 9.5% to $1.997 billion compared to $1.823 billion in the first quarter of fiscal 2010. Net income for the quarter increased 9.9% to $74.3 million compared...