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News Summary
Tuesday, February 22, 2011 - 10:43am | 253Shares of Macy's Inc (NYSE: M) dropped about 1% after the company reported its Q4 profit at $667 million, or $1.55 per share, versus $445 million, or $1.05 per share, in the year-earlier period. The company's sales increased to $8.27 billion from $7.85 billion. Macy's comparable-store sales...
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Deutsche Bank Comments On Office Depot (ODP)
Tuesday, February 22, 2011 - 10:35am | 117Deutsche Bank provided color on Office Depot (NYSE: ODP) in a research report published this morning. In the report, Deutsche Bank states, "Total sales were $2.961b and down 3% vs consensus of down 1%. Comps were down 1%. But, expenses were well controlled so operating profit was better than we...
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Barnes & Noble Plunging 5% On Earnings Miss (BKS)
Tuesday, February 22, 2011 - 9:54am | 244Barnes & Noble, Inc. (NYSE: BKS) shares are down more than 5% in pre-market trading after the book seller reported weaker than expected earnings, and also suspended its dividend. The company reported third quarter earnings of $1 per share, well short of the $1.13 per share Wall Street was...
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Barnes & Noble Suspends dividend of $0.25
Tuesday, February 22, 2011 - 9:33am | 27Barnes & Noble, Inc. (NYSE: BKS) Board of Directors has decided to suspend its quarterly dividend payment of $0.25 per share.
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Barnes & Noble Reports Q3 EPS of $1.00 vs. $1.13
Tuesday, February 22, 2011 - 9:31am | 95Barnes & Noble, Inc. (NYSE: BKS) today reported financial results for its fiscal 2011 third quarter ended January 29, 2011. Total sales for the third quarter were $2.3 billion, a 7% increase compared to the prior year period. Barnes & Noble.com comparable sales increased 64% as compared to...
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A Peek Into The Market Before The Trading Starts
Tuesday, February 22, 2011 - 8:42am | 462Pre-open movers US stock futures are lower this morning as unrest continued in the major oil-producing state of Libya. Futures for the Dow Jones Industrial Average tumbled 95 points to 12,280, while those for the S&P 500 index dropped 16.70 points to 1,326. Futures for the Nasdaq 100 declined...
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Office Depot Reports Q4 EPS of $(0.21) vs. $(0.03)
Tuesday, February 22, 2011 - 8:28am | 78Office Depot, Inc. (NYSE: ODP) today announced results for the fiscal quarter and full year ending December 25, 2010. Total Company sales for the fourth quarter of 2010 were $3.0 billion, a decrease of 3% compared to the fourth quarter of 2009. The Company reported a net loss, after preferred...
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Office Depot Reports Q4 EPS of $(0.21) vs. $(0.03)
Tuesday, February 22, 2011 - 8:28am | 78Office Depot, Inc. (NYSE: ODP) today announced results for the fiscal quarter and full year ending December 25, 2010. Total Company sales for the fourth quarter of 2010 were $3.0 billion, a decrease of 3% compared to the fourth quarter of 2009. The Company reported a net loss, after preferred...
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US Stock Futures Signal Lower Start On Wall Street, Libya Unrest Continues
Tuesday, February 22, 2011 - 7:41am | 350US stock futures are lower this morning as unrest continued in the major oil-producing state of Libya. Futures for the Dow Jones Industrial Average tumbled 100 points to 12,275.00, while those for the S&P 500 index dropped 16.6 points to 1,325.60. Futures for the Nasdaq 100 declined 36 points...
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Earnings Scheduled For February 22 (M, HPQ, MHS, WMT, BKS, MDT, ODP, NRG, HTZ, RSH, HD, CHK, MHK)
Tuesday, February 22, 2011 - 4:19am | 337Macy's Inc (NYSE: M) is projected to report its Q4 EPS at $1.52 on revenue of $8.27 billion. Hewlett-Packard Company (NYSE: HPQ) is estimated to report its FQ3 EPS at $1.29 on revenue of $32.95 billion. Medco Health (NYSE: MHS) is projected to post its Q4 EPS at $0.94 on revenue of $16.65 billion...
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Piper Jaffray Raises Cabela's PT To $35, Reiterates Overweight (CAB)
Friday, February 18, 2011 - 10:02am | 73Piper Jaffray raised its Cabela's (NYSE: CAB) price target from $29 to $35 and reiterated Cabela's Overweight rating in a research report published today. In the report, Piper Jaffray states, "We believe continued strong sales trends, merchandise margin expansion and improving credit metrics should...
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Benzinga's Top Downgrades (VCLK, ACOR, SMI, CAB)
Friday, February 18, 2011 - 8:53am | 136ValueClick Inc (NASDAQ: VCLK) was downgraded by Benchmark Co from "buy" to "hold." VCLK's shares closed at $16.17 yesterday. ValueClick's PEG ratio is 1.71. Analysts at Piper Jaffray downgraded Acorda Therapeutics Inc (NASDAQ: ACOR) from “neutral” to “underweight.” ACOR's stock closed at $21.99...
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Piper Jaffray Raises PT On Cabela's To $35
Friday, February 18, 2011 - 8:49am | 26Piper Jaffray has raised the price target on Cabela's (NYSE: CAB) from $29 to $35 and maintains its Overweight rating.
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Stifel Nicolaus Downs CAB To Hold
Friday, February 18, 2011 - 7:51am | 40Analysts at Stifel Nicolaus downgrade Cabela's Incorporated (NYSE: CAB) from “buy” to “hold.” CAB shares gained 11.31% to close at $31.19 yesterday. More Analyst Ratings here
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Amazon, Apple & Google Benefit from Borders Bankruptcy
Thursday, February 17, 2011 - 4:34pm | 141Borders Group, one of the two main brick-and-mortar bookstore competitors to online-only retailer Amazon (NASDAQ: AMZN) , recently filed for Chapter 11 bankruptcy. The development could present new opportunities for Amazon, which has already benefited from the growing digitization of literary...