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News For AAPL;FB;RSH;TGT;EXPR;SNTS;LULU;GIVN From The Last 14 Days
Check below for free stories on AAPL;FB;RSH;TGT;EXPR;SNTS;LULU;GIVN the last two weeks.
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September 11, 2014
09:31 EDTLULUlululemon raises FY14 normalized EPS view to $1.72-$1.77 from $1.71-$1.76
Consensus $1.74. Narrows FY14 revenue guidance to $1.78B-$1.8B from $1.77B-$1.8B, consensus $1.78B. Sees FY14 total comparable sales up in the low single digits on a constant-dollar basis. The company said, "We are pleased to be on track with the implementation of our strategic road map, and are starting to see the results of our work across product, brand and international expansion. While there is still much to be done, we are making meaningful progress on building a scalable foundation for our next phase of global growth, and I'm excited about the collaboration between our Whitespace team and ambassadors to accelerate innovation into the future."
09:29 EDTLULUlululemon says 'happy' to have Advent back as shareholder
Says "happy" to have Advent back as a shareholder, "looking forward" to having Advent's guidance going forward. Says on track to open store in Singapore in Q4. Sees Q3, FY14 gross margin approximately 51%. Expects to open 47 corporate owned stores in FY14. Sees FY14 CapEx $110M-$115M. Comments made on the Q2 earnings conference call.
09:23 EDTRSHRadioShack CEO says excited about Holiday, 'more robust' Black Friday strategy
RadioShack (RSH) says the company has become a "top five" Apple (AAPL) retailer. RadioShack says its is working on enhanced capabilities for its e-commerce platform.
09:18 EDTRSH, LULUOn The Fly: Pre-market Movers
UP AFTER EARNINGS: lululemon (LULU), up 15%... Sigma Designs (SIGM), up 7%. ALSO HIGHER: JDSU (JDSU), up 13.8% after announcing that it will separate into two publicly traded companies... Wet Seal (WTSL), up 4.5%, upgraded at B. Riley following Q2 earnings results... Gogo (GOGO), up 5% after announcing partnership with T-Mobile (TMUS)... Digital Ally (DGLY), up 8.4% after announcing plans to introduce "bullet camera" option at October police conference. DOWN AFTER EARNINGS: Restoration Hardware (RH), down 5%... Five Below (FIVE), down 5.6%. LOWER: Radio Shack (RSH), down 8% after reporting Q2 losses, stating that it may need to pursue bankruptcy... E2open (EOPN), down 29%, downgraded at Pacific Crest and Northland after the company announced preliminary Q2 earnings results... Twitter (TWTR), down 1% after announcing that it will offer $1.3B in convertible unsecured senior notes... Crocs (CROX), down 2.6% after downgraded at Buckingham... Macy's (M), down 1.3% after downgraded at Sterne Agee.
09:07 EDTRSHRadioShack CEO says turn-around pace 'simply not fast enough'
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08:58 EDTAAPLApple aims to ship 80M units of iPhone 6 products by end of 2014, DigiTimes says
iPhone supply chain component suppliers are preparing parts for production of 80M iPhone 6s by the end of 2014, reports DigiTimes. According to sources at Taiwan-based iPhone supply chain, Apple's aim to ship 80M units is higher than the 60M units of the iPhone 5 shipped in 2014. Shipments of iPhone 6s should be able to reach 10M units by the end of September and total 60M-70M in Q4. Reference Link
08:46 EDTAAPLApple at work to bring Apple Pay service to Europe, FT says
Apple (AAPL), which is introducing its Apple Pay wallet technology only in the U.S. at launch, is in talks with banks and credit card organizations to expand the service to Europe, but there is still uncertainty over the timing, reported Financial Times. The periodical quotes Steve Perry, the chief digital officer at Visa Europe (V), as saying, "We are working closely with Apple and with our member banks to bring this new service to market in Europe." Reference Link
08:38 EDTAAPLDemand for NXP Semiconductors NFC products could rise, says Sterne Agee
After Apple (AAPL) launched a mobile payments product, Sterne Agee thinks that NXP Semiconductors (NXPI) was one of the clear winners of the Apple product launches. The firm thinks that broader adoption of NXP's NFC chips and secure element could cause the company's stock to rise significantly. The firm keeps an $82 price target and Buy rating on the shares.
07:53 EDTRSHRadioShack says will need liquidity, may need to pursue bankruptcy
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07:35 EDTAAPLAntitrust suit over tech giants' hiring pushed back, WSJ reports
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07:13 EDTAAPLSome retailers wary of Apple Pay platform, Reuters says
Apple (AAPL) Pay's success is dependent on incorporating more large retailers such as Wal-Mart (WMT) and Best Buy (BBY) into the service, but both retailers recently ceased accepting payments using NFC terminals, according to Reuters, citing comments from Best Buy spokesman Jeff Shelman. Shelman said, "At this point we have no plans to accept Apple Pay." Reference Link
07:09 EDTRSHRadioShack restructuring overhaul develops, Reuters says
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07:04 EDTRSHRadioShack says improving sales trend to continue into Q3
The company added that it has nonetheless been challenged by persistent industry-wide decline in consumer electronics and soft mobility market. CEO Joseph Magnacca said, ""The postpaid mobility business drove the majority of the weak performance this quarter due to lackluster consumer interest in the current handset assortment, consumers waiting for an iconic handset launch this fall, and intense promotional activities by the wireless carriers."
07:03 EDTRSHRadioShack CEO: We may need additional capital to complete turnaround
CEO Joseph Magnacca added, "As a result, we are actively exploring options for overhauling our balance sheet and are in advanced discussions with a number of parties. We are also working with our key financial stakeholders, including our existing lenders, bondholders, shareholders and landlords seeking to create a long-term solution. This may include a debt restructuring, a store base consolidation program, and other measures to make significant reductions in our cost structure. The details of a recapitalization have yet to be finalized, and we are reviewing several alternatives, some of which would require consent from our lenders. There is no pre-determined outcome to this work and, of course, we cannot be certain as to the outcome from the current discussions."
07:02 EDTRSHRadioShack reports Q2 adjusted loss of $101.5M, compared to $62.9M a year ago
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07:02 EDTFBFacebook Q3 estimates have potential upside, says Citigroup
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06:56 EDTAAPLeBay to see limited near-term impact from Apple service, says Cantor
Cantor believes that Apple's (AAPL) new mobile payment service will have a limited impact on eBay's (EBAY) PayPal in the near to medium term. Among the reasons cited by the firm for its view are Apple's limited market share and its assertion that Street estimates for eBay do not include any contribution from PayPal POS revenue. The firm keeps a $63 price target and Buy rating on eBay.
06:42 EDTAAPLApple consumers in China unable to buy new iPhones this month, Reuters says
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06:38 EDTAAPLApple hires Gap's Marcela Aguilar for marketing role, Ad Age reports
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06:32 EDTAAPLApple tries to calm privacy concerns, NY Times reports
After Apple introduced a watch with health-monitoring technology and launched a mobile payment system, hackers will look to target the company's new services, while regulators who are worried about the privacy of health information could also pose a threat, according to The New York Times. Apple will not store any payment information and isn't interested in knowing what people buy, the company's CEO, Tim Cook told the newspaper. Meanwhile, the tech giant is preventing app developers from storing information on the cloud, and all health information stored by the watch will be encrypted, the company's head of operations said, according to the newspaper. Reference Link
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