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Kirkland's, Inc. (KIRK) - Bear of the Day
Wednesday, December 29, 2010 - 12:00am | 152Kirkland's, Inc. (KIRK) again reported weak third-quarter 2011 results with earnings of $0.11 which was below the Zacks Consensus Estimate by a penny. The company's healthy balance sheet supports its investment to bring about a better merchandise mix in its stores. However, the company's...
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Top Narrow Based Indexes for December 27 (KIRK, RZTI, MA)
Monday, December 27, 2010 - 11:30am | 186By 11:26 am, the Dow Jones Industrial Average was down 31.74 points, or 0.27%, to 11,541.75, while the broader Standard & Poor's 500 index had lost 2.05 points, or 0.16%. The NASDAQ composite index fell 12.71 points, or 0.48%. Some of the narrow based indexes that are still afloat in the...
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Benzinga's Volume Movers (TPCG, BBOX, SWIR, KIRK)
Monday, December 27, 2010 - 11:15am | 152TPC Group Inc (NASDAQ: TPCG) shares moved up 10.40% to $31.09 at 11:00 am. The volume of TPCG shares traded was 210% higher than normal. TPCG reported the preliminary results of its "Dutch auction" tender offer. Black Box Corporation (NASDAQ: BBOX) shares rose 1.33% to $39.94. The volume of BBOX...
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Stock Market News for Dec 27, 2010 - Market News
Monday, December 27, 2010 - 9:30am | 725On Thursday, the Dow Jones Industrial Average (DJIA) rose to its highest mark but other major indices shed a few points. Ahead of the Christmas celebration, mixed economic data left the benchmarks to sway just modestly, and investors took a wait and watch attitude. Durable goods orders dropped...
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Stock Market News for Dec 27, 2010 - Market News
Monday, December 27, 2010 - 9:08am | 725On Thursday, the Dow Jones Industrial Average (DJIA) rose to its highest mark but other major indices shed a few points. Ahead of the Christmas celebration, mixed economic data left the benchmarks to sway just modestly, and investors took a wait and watch attitude. Durable goods orders dropped...
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Rent-A-Center Buys Rental Store - Analyst Blog
Thursday, December 23, 2010 - 12:18pm | 590Rent-A-Center Inc. (RCII), one of the largest rent-to-own operators in the U.S., recently acquired privately-held company, The Rental Store in a debt free transaction. The company financed the deal through cash available in hand, and partly utilized the purchase price of $75.5 million to disburse...
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Rent-A-Center Buys Rental Store - Analyst Blog
Thursday, December 23, 2010 - 12:00pm | 590Rent-A-Center Inc. (RCII), one of the largest rent-to-own operators in the U.S., recently acquired privately-held company, The Rental Store in a debt free transaction. The company financed the deal through cash available in hand, and partly utilized the purchase price of $75.5 million to disburse...
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Bed Bath & Beyond Announces $2 Billion Buyback, Shares Up 6.3% (BBBY)
Thursday, December 23, 2010 - 11:50am | 300Shares of Bed Bath & Beyond Inc. (Nasdaq: BBBY) are trading up 6.3% at $50.66 per share during the Thursday morning trading session. The company announced on Wednesday after the market closed that it planned a $2 billion share repurchase program. Chief executive officer Steven Temares said, "...
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Bed Bath & Beyond Jumps After Earnings (BBBY)
Thursday, December 23, 2010 - 11:21am | 72Retailer Bed Bath & Beyond (NASDAQ: BBBY) reported its third quarter earnings after the closing bell on Wednesday. The company reported earnings per share of $0.74 compared to analysts' consensus estimates of $0.66. Revenues rose 11.1% year over year. During Thursday's trading session, BBBY...
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Oppenheimer Looks Favorably Upon BBBY's Better-Than-Expected 3Q
Thursday, December 23, 2010 - 9:34am | 102Oppenheimer said today that it looks very favorably upon the much better-than-expected 3Q (Nov.) results and updated FY10 (Feb. 2011) outlook that Bed Bath & Beyond Inc. (NASDAQ: BBBY) reported last night. “Sales trends have accelerated significantly at BBBY lately with two-year comps in 3Q of...
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Company News for December 23, 2010 - Corporate Summary
Thursday, December 23, 2010 - 9:33am | 410• Rio Tinto (NYSE:RIO) revised its bid amount for Riversdale Mining, offering $3.9 billion, up from $3.5 billion • Bed Bath & Beyond (NASDAQ:BBBY) posted fiscal third quarter profits of $0.74, below the Zacks Consensus Estimate of $0.93, and reported revenues of $2.2 billion, which are again...
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Sterne Agee Tweaks BBBY Estimates
Thursday, December 23, 2010 - 9:10am | 71Sterne Agee is tweaking its Bed Bath & Beyond Inc. (NASDAQ: BBBY) estimate for Q4 to $0.96 from $0.93 with slightly higher sales and lower SG&A, “which brings our estimate for the full year to $2.91 from $2.79.” Additionally Sterne Agee is raising its estimates for FY11 and FY12 to $3.21...
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Company News for December 23, 2010 - Corporate Summary
Thursday, December 23, 2010 - 9:02am | 410• Rio Tinto (NYSE:RIO) revised its bid amount for Riversdale Mining, offering $3.9 billion, up from $3.5 billion • Bed Bath & Beyond (NASDAQ:BBBY) posted fiscal third quarter profits of $0.74, below the Zacks Consensus Estimate of $0.93, and reported revenues of $2.2 billion, which are again...
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J.P. Morgan Raises BBBY Target From $52 To $56
Thursday, December 23, 2010 - 8:59am | 100J.P. Morgan is raising its Dec 11 PT on Bed Bath & Beyond Inc. (NASDAQ: BBBY) to $56 from $52. “We are raising our December 2011 price target to $56 from $52 based on ~16.5x PE and 8.0x EV/EBITDA using our 2011 forecasts. This is slightly below its mixed historical five year FY1 PE and EV/...
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Rent-A-Center To Acquire The Rental Store, Inc. For $75.5M
Thursday, December 23, 2010 - 8:20am | 187Sterne Agee has published a research report on Rent-A-Center (NASDAQ: RCII) after the company announced its acquisition of The Rental Store, Inc. In the report, Sterne Agee writes "RCII announced the acquisition of privately held The Rental Store, Inc. (TRS) for $75.5M in cash. TRS currently...