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Goldman Sachs Raises PT On Bed Bath & Beyond To $63
Thursday, June 23, 2011 - 5:27am | 28Goldman Sachs has raised the price target on Bed Bath & Beyond (NASDAQ: BBBY) from $60 to $63 and maintains its Neutral rating.
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Wedbush Raises PT On Bed Bath & Beyond To $67
Thursday, June 23, 2011 - 5:17am | 28Wedbush Securities has raised the price target on Bed Bath & Beyond (NASDAQ: BBBY) from $63 to $67 and maintains its Outperform rating.
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US Stock Futures Down After Fed Outlook; Jobless Claims Data In Focus
Thursday, June 23, 2011 - 5:14am | 566US stock futures are lower this morning, after the Federal Reserve lowered its outlook for US economic growth. Futures on the Dow Jones Industrial Average dipped 45 points to 11,978.00 and futures on the S&P 500 stock index fell 6.10 points to 1,273.70. Nasdaq 100 futures dropped 8.50 points to...
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Stocks To Watch For June 23
Wednesday, June 22, 2011 - 11:15pm | 278Some of the stocks that may grab investor focus today are: Wall Street expects Micron Technology Inc (NASDAQ: MU) to report its Q3 earnings at $0.16 per share on revenue of $2.37 billion. MU shares dropped 0.24% to $8.15 in after-hours trading. Bed Bath & Beyond Inc (NASDAQ: BBBY) reported an...
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Bed Bath & Beyond
Wednesday, June 22, 2011 - 6:19pm | 48Bed Bath & Beyond (BBBY), a home decor retailer, said Q1 EPS climbed 38% to 72 cents, beating views by 9 cents. Sales increased 10% to $2.11 bil, above views. Comp sales were up 7%. It guided Q2 EPS generally down, but full-year EPS growth up. Shares rose 2%.
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Uninspired 06-22-2011
Wednesday, June 22, 2011 - 5:56pm | 871Cusick's Corner Uninspired - that's the type of action that we saw slipping into the evening. The Fed Chief spoke and the market held then pulled off in the last hour. This also coincided with the strength in the Dollar, DXU11 75.25, bouncing off the 21-Day Moving Average and the highest volume...
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Bed Bath & Beyond Rises on Q1 Results
Wednesday, June 22, 2011 - 3:57pm | 158Shares of Bed Bath & Beyond (NASDAQ: BBBY) are trading higher in the after-hours following the release of its Q1 earnings results. Currently, shares are higher by 2.33%, trading at $55.32; they ended the session flat%, at $54.06. Bed Bath & Beyond said that Q1 EPS came in at $0.72 on...
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Bed Bath & Beyond Jumping On Earnings Beat, Guidance Raise
Wednesday, June 22, 2011 - 3:24pm | 99Bed Bath & Beyond (NASDAQ: BBBY) shares are moving higher in after-hours after the company reported blowout first quarter earnings, and sharply raised its outlook for the rest of the year. The company reported quarterly earnings of 72 cents per share on $2.11 billion in revenues. Wall Street...
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Eolas Technologies, Rent-A-Center Reach Licensing Agreement Covering Two Eolas Patents for Interactive Web Applications
Wednesday, June 22, 2011 - 2:19pm | 367Internet technology provider Eolas Technologies Inc. has reached a licensing agreement with Plano, Texas-based Rent-A-Center Inc. (NASDAQ: RCII) covering two Eolas patents that enable Internet browsers to host embedded interactive applications. The agreement resolves Eolas' legal claims against...
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Fed Unched. 06-22-2011
Wednesday, June 22, 2011 - 12:41pm | 948Cusick's Corner I am writing this into today's Fed number so I will be brief. Unless there is a major shift in policy language or lack of unanimous agreement, the market looks ready to challenge to the upside. In other words, I will be watching to see if dips are being bought or if we just run to...
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Market Roundup
Wednesday, June 22, 2011 - 9:41am | 295Shares of CarMax Inc (NYSE: KMX) gained about 7% after the company posted better-than-expected first-quarter results. CarMax reported its quarterly net income at $126.3 million, or $0.55 per share, up from $101.1 million, or $0.44 per share, in the year-ago period. Its revenue surged 18.5% to $2.68...
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US Stock Futures Down, Fed In Focus
Wednesday, June 22, 2011 - 5:17am | 531US stock futures are lower this morning, as investors are awaiting the latest interest-rate decision from the Federal Reserve. The Greek government won a key confidence vote late Tuesday. Futures on the Dow Jones Industrial Average dipped 24 points to 12,064.00 and futures on the S&P 500 stock...
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Earnings Scheduled For June 22
Tuesday, June 21, 2011 - 11:48pm | 329Paychex Inc (NASDAQ: PAYX) is projected to report its FQ4 earnings at $0.33 per share on revenue of $515.91 million. FedEx Corp (NYSE: FDX) is estimated to post its FQ4 earnings at $1.72 per share on revenue of $10.42 billion. Red Hat Inc (NYSE: RHT) is estimated to post its Q1 EPS at $0.22 on...
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Stocks To Watch For June 22
Tuesday, June 21, 2011 - 11:40pm | 301Some of the stocks that may grab investor focus today are: Wall Street expects Bed Bath & Beyond Inc (NASDAQ: BBBY) to post its Q1 earnings at $0.63 per share on revenue of $2.08 billion. BBBY shares dropped 0.16% to $53.97 in after-hours trading. Adobe Systems Inc (NASDAQ: ADBE) posted a 54...
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Rent-A-Center Announces Intent to Refinance Existing Senior Credit Facility
Tuesday, June 21, 2011 - 3:15pm | 101Rent-A-Center, Inc. (NASDAQ: RCII) today announced that, subject to market and other conditions, it anticipates refinancing its current senior debt by entering into a new $750 million senior credit facility, consisting of $250 million in term loans and a $500 million revolving credit facility. The...