New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 21, 2014
11:57 EDTANF, AEO, URBNAmerican Eagle slides after sales miss, more store closures signaled
Shares of apparel retailer American Eagle Outfitters (AEO) are sliding this morning after the company reported first quarter results that reflected weaker than expected sales and increased markdowns and forecast second quarter earnings per share that fell short of analyst expectations. WHAT'S NEW: American Eagle reported Q1 EPS of 2c and revenue of $646M, which compare to analysts' consensus estimates of 0c and $647.74M, respectively. For the quarter, comparable store sales declined 10%. Interim CEO Jay Schottenstein said results were consistent with the company's expectations, reflecting weak sales and increased markdowns. Schottensetin said the company is committed to improved profitability and is working to strengthen its brands. The company forecast its second quarter to be approximately break-even in terms of profit on a high single digit decline in comparable sales. The consensus forecast of analysts for Q2 prior to the report was for 4c per share in earnings. The company said it has identified an additional 150 stores to close over the next three years in North America, with plans to close around 50 AE and 20 aerie stores in North America beginning this year. American Eagle sees annualized after-tax savings of $10M-$15M related to the closures beginning in 2015. WHAT'S NOTABLE: On its earnings conference call, the company said its search for a permanent CEO is "underway." Executives said the retailer is "committed to finding a strong successor," and will take the necessary time to find the "right person to do so." In the meantime, American Eagle's focus is "unwavering," and the "very strong" team will facilitate the company's recovery plan. PRICE ACTION: Near noon, American Eagle fell 63c, or 5.6%, to $10.70. OTHERS TO WATCH: Shares of American Eagle peer Abercrombie & Fitch (ANF) are down 1.26% to $36.70 while another retailer, Urban Outfitters (URBN), is also down around 1% to $32.63.
News For AEO;ANF;URBN From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
November 18, 2014
06:37 EDTURBNUrban Outfitters downgraded to Market Perform from Outperform at Telsey Advisory
Subscribe for More Information
06:04 EDTURBNUrban Outfitters downgraded to Neutral from Overweight at Atlantic Equities
05:54 EDTURBNStocks with implied volatility movement; URBN BRCM
Subscribe for More Information
05:48 EDTURBNUrban Outfitters downgraded to Market Perform from Outperform at William Blair
Subscribe for More Information
November 17, 2014
18:32 EDTURBNOn The Fly: After Hours Movers
Subscribe for More Information
18:02 EDTURBNUrban Outfitters says expects to open 35-40 stores in FY15
Subscribe for More Information
16:16 EDTURBNUrban Outfitters CEO says disappointed by results at Urban Outfitters brand
Subscribe for More Information
16:09 EDTURBNUrban Outfitters down 3% following Q3 results
Subscribe for More Information
16:02 EDTURBNUrban Outfitters total inventories increased by $60M as of October 31
Subscribe for More Information
16:01 EDTURBNUrban Outfitters reports Q3 SSS down 1%
Subscribe for More Information
16:01 EDTURBNUrban Outfitters reports Q3 EPS 35c, consensus 41c
Subscribe for More Information
15:16 EDTURBNNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Agilent Technologies (A), consensus 89c; Jacobs Engineering (JEC), consensus 86c; Urban Outfitters (URBN), consensus 41c; Omega Protein (OME), consensus 30c.
12:38 EDTURBNUrban Outfitters technical comments ahead of earnings
Subscribe for More Information
11:11 EDTURBNHigh option volume stocks:
Subscribe for More Information
07:46 EDTURBNUrban Outfitters risk/reward remains attractive, says Brean Capital
Brean Capital said the risk/reward for Urban Outfitters remains attractive ahead of its Q3 results, with the firm citing the company's strong balance sheet, solid customer engagement, and potential for top and bottom line expansion. Brean Capital reiterated its Buy rating and $40 price target on Urban Outfitters shares.
07:05 EDTURBNUrban Outfitters volatility elevated into Q3 and outlook
Subscribe for More Information
November 14, 2014
10:00 EDTURBN, ANFOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
06:23 EDTAEOAmerican Eagle implied volatility of 59 at upper end of index mean range
Subscribe for More Information
05:45 EDTURBNUrban Outfitters downgraded to Neutral from Buy at Mizuho
Subscribe for More Information
05:35 EDTANFAbercrombie & Fitch downgraded to Neutral from Outperform at Credit Suisse
Subscribe for More Information
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use