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Stock Market & Financial Investment News

News Breaks
December 6, 2013
09:27 EDTAEOAmerican Eagle says business conditions remain volatile
Says Q3 results "clearly unsatisfactory," "not consistent with objectives". Says business conditions remain volatile, promotional, but says saw sequential sales improvement during the week of Black Friday. Says has also seen a "fairly significant shift" to online shopping with eCommerce sales reaching record volumes on both Thanksgiving and Cyber Monday. Says saw positive consolidated comps over Thanksgiving weekend through Cyber Monday, but adds that sales have been promotionally driven, pressuring margins. Says sees Q4 ending inventory at cost per foot to decline in high single digits against a decline of 8% last year. Expects FY13 inventory to be up in the single digits. The company also expects FY13 Cap-Ex to be approximately $250M. Sees FY13 square footage to increase in the mid-single digits. Says expects to end 2014 with at least 100 licensed stores in over 20 countries. The company said that FY13 was "not the year we planned for. We expect conditions to remain challenging and we are planning accordingly." Says"aggressively" adapting to a fast pace retail environment for FY14. Comments made during the company's Q3 earnings conference call.
News For AEO From The Last 14 Days
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April 11, 2014
13:36 EDTAEOGap falls after experiencing sharp decline in March SSS
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April 8, 2014
10:03 EDTAEOOn The Fly: Analyst Downgrade Summary
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08:46 EDTAEOAmerican Eagle downgraded to Neutral at Janney Capital
As previously reported, Janney Capital downgraded American Eagle to Neutral from Buy. The firm cited weak demand so far this spring at American Eagle, as well as the highly promotional mall environment. Janney lowered its price target on the stock to $10 from $17.
06:19 EDTAEOAmerican Eagle downgraded to Neutral from Buy at Janney Capital
April 7, 2014
16:28 EDTAEOOn The Fly: Closing Wrap
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10:00 EDTAEOOn The Fly: Analyst Downgrade Summary
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09:10 EDTAEOOn The Fly: Pre-market Movers
HIGHER: Questcor (QCOR), up 27% after agreeing to be bought by Mallinckrodt (MNK) for cash, stock valued at $86.10 per Questcor share... Agios Pharmaceuticals (AGIO), up 25% after program shows "promising clinical activity" for advanced blood cancers, shares upgraded at JPMorgan... Vocus (VOCS), up 47% after agreeing to be acquired by GTCR for $446.5M, or $18.00 per share... Pandora (P), up 1.3% following upgrade at Wedbush. LOWER: MannKind (MNKD), down 13% after announcing FDA extension of PDUFA date for Afrezza... American Eagle (AEO), down 2.2% following downgrade at Cowen... Pfizer (PFE), down 2.8% after announcing data for palbociclib in metastatic breast cancer... Mattel (MAT), down 3% following downgrade at BMO Capital... WWE (WWE), down 1.2% after cautious mention in Barron's, company announcing WrestleMania 30 grossed $10.9M.
08:16 EDTAEOAmerican Eagle downgraded at Cowen
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06:34 EDTAEOAmerican Eagle downgraded to Underperform from Market Perform at Cowen
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