New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 13, 2013
05:55 EDTTA, TA, OPTT, OPTT, KIRK, KIRK, GLP, GLP, DYN, DYN, DSX, DSX, CORE, CORE, CBRX, CBRX, CBLI, CBLI, ADES, ADESCompanies reporting Before the Market Open on Thursday, March 14
Notable companies reporting before the opening bell on Thursday include ADA-ES (ADES), Cleveland BioLabs (CBLI), Columbia Laboratories (CBRX), Core-Mark Holding (CORE), Diana Shipping (DSX), Dynegy (DYN), Global Partners (GLP), Kirkland's (KIRK), Ocean Power Technologies (OPTT), and TravelCenters of America (TA).
Sign up for a free trial to see the rest of the stories you've been missing.
September 29, 2015
09:26 EDTDYNWolfe Research to hold a conference
Subscribe for More Information
September 28, 2015
06:52 EDTDSXStar Bulk Carriers upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Amit Mehrotra upgraded Star Bulk Carriers (SBLK) to Buy saying his trip to Asia last week supported his expectation for "strong outperformance" in dry bulk equities starting in 2016. "Sharply" higher spot rates in the last two months of this year will provide a catalyst for shares, Mehrotra tells investors in a research note. He keeps a $3 price target for the stock. Star Bulk closed Friday up 20c to $2.43. The analyst also has Buy ratings on Diana Shipping (DSX) and Scorpio Bulkers (SALT).
September 25, 2015
11:48 EDTKIRKPier 1 Imports plunges to 52-week low after cutting FY16 outlook
Shares of home furnishings retailer Pier 1 Imports (PIR) are sinking after the company's second quarter results missed analysts' consensus estimates. The company also lowered its outlook for fiscal year 2016. WHAT'S NEW: After the close on Thursday, Pier 1 Imports reported Q2 earnings per share of 4c and revenue of $430M, missing analysts' consensus estimates of 7c and $435.38M, respectively. Company comparable sales increased 2.5% in Q2, or 3.8% on a constant currency basis. Alex Smith, the company's president and chief executive officer, commented in the earnings report that top line growth in the period was "below our expectations." Smith noted that margins were impacted by higher promotional and clearance activity, as well as inventory-related issues within its distribution center network. Looking ahead, Pier 1 Imports expects third quarter EPS of 10c-14c, far short of analysts' consensus estimates of 23c. Company comparable sales growth, which includes e-commerce, is expected in the low-single digits for the quarter. WHAT'S NOTABLE: Pier 1 lowered its FY16 EPS view to 56c-64c from 83c-87c, well below analysts' estimates of 83c. The company also cut its FY16 company comparable sales growth view, including e-commerce, to low single-digits from its prior view of mid-single digits. For FY16, Pier One sees capital expenditures of approximately $60M, EBITDA margins of approximately 7.5%-8% and merchandising margin, as a percentage of sales, of 55.5%-56%. Smith said the company is on track to end FY16 with year-over-year inventory levels "down meaningfully," but noted that operating with elevated inventories "has been a challenge." PRICE ACTION: In late morning trading, Pier 1 Imports fell $1.45, or 16.71%, to $7.23 on more than seven times its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week low of $6.84. Including today's pull back, the shares have lost approximately 40% over the past year. OTHERS TO WATCH: Other home furnishing retailers include Williams-Sonoma (WSM), up 0.73% and Restoration Hardware (RH), up 0.11%.
September 24, 2015
06:24 EDTCORECore-Mark management to meet with Stephens
Meeting to be held in Canada on September 29 hosted by Stephens.
September 23, 2015
07:10 EDTDYNExelon weakness creates buying opportunity, says SunTrust
Subscribe for More Information
September 21, 2015
19:03 EDTCOREOn The Fly: After Hours Movers
HIGHER: Transenterix (TRXC), up 7.14% after acquiring the surgical robotics division of SOFAR S.p.A for $99.8M... Solera Holdings (SLH), higher by 3.56% after a report that IHS (IHS) is exploring a counteroffer for the company... Core-Mark Holding Company (CORE), up 3.93% after joining the S&P 600. DOWN AFTER EARNINGS: Thor Industries (THO), down 4.16%... ALSO LOWER: Memorial Resource Development Corp. (MRD), down 4.26% after filing to sell 10.25M shares of common stock... Intra-Cellular Therapies (ITCI), down 1.73% after filing to sell $300M of common stock... The J. M. Smucker Company (SJM), down 1.75% after filing to sell 8.28M shares of common stock for holders.
18:20 EDTCORES&P announces changes to the S&P 400, 600 indices
Subscribe for More Information
17:22 EDTCORECore-Mark to replace Toro Company in S&P 600 as of 9/24 close
07:40 EDTCBLICleveland BioLabs granted $6.6M award from Department of Defense
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use