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Stock Market & Financial Investment News

News Breaks
August 12, 2014
11:10 EDTARO, ACO, KATE, ODP, ICPT, GPI, FENG, LINTA, NDLSHigh option volume stocks
High option volume stocks: ACM KATE ARO TKMR ODP ICPT GPI FENG LINTA NDLS
News For ARO;ACO;KATE;ODP;ICPT;GPI;FENG;LINTA;NDLS From The Last 14 Days
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October 30, 2014
13:12 EDTODPOffice Depot management to meet with B. Riley
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10:02 EDTKATEOn The Fly: Analyst Initiation Summary
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06:00 EDTKATEKate Spade initiated with a Neutral at Mizuho
Target $28.
October 24, 2014
12:21 EDTAROAbercrombie & Fitch retreats after Goldman cuts to Sell
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October 23, 2014
07:17 EDTGPIGroup 1 Automotive: Brazil operation returned to profit in Q3 post restructuring
The return to profitability was driven by an organizational restructuring, which eliminated 150 positions, 10 percent of total headcount. Additional headcount reductions will occur with the disposal of 3 Renault dealerships in the fourth quarter. The Company's Brazil operations accounted for 7.6 percent of total revenues, 6.1 percent of total gross profit and 0.6 percent of the Company's adjusted pretax income.
07:17 EDTGPIGroup 1 Automotive reports Q3 new vehicle revenue pu 9.7%
Reports Q3 used vehicle revenue up 16.2%. Reports Q3 US revenue up 15.1% to $2.2B; Reports Q3 UK revenue up 7.4% to $252.2M;
07:16 EDTGPIGroup 1 Automotive reports Q3 adjusted EPS $1.57, consensus $1.44
Reports Q3 revenue $2.63B, consensus $2.58B
October 22, 2014
08:40 EDTICPTDeutsche Bank biotech analyst holds an analyst/industry conference call
Biotech Analyst Young provides a review of the ICPT/GNFT thesis on an Analyst/Industry conference call to be held on October 22 at 11 am.
06:43 EDTICPTNASH market big enough for multiple players, says Deutsche Bank
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October 20, 2014
13:10 EDTKATESteve Madden tumbles after providing preliminary Q3 results, FY14 outlook
Shares of shoe and accessory company Steve Madden (SHOO) are tumbling after the company announced preliminary third quarter results that were below analysts' consensus along with a reduction to its fiscal year 2014 outlook. WHAT'S NEW: Steve Madden announced that it is anticipating Q3 earnings per share to be approximately 61c-62c and net sales of $392M, below analysts' consensus estimates of 67c and $415.72M, respectively. The company noted that retail comparable store sales for the quarter are anticipated to be down 7.4%. Steve Madden also reduced its FY14 EPS outlook to $1.81-$1.86 from $2.00-$2.10, well below analysts' $2.02 consensus. The company lowered its net sales projection for the year, and now sees net sales up 1%-2% over fiscal year 2013 versus its previous net sales guidance for up 2%-4% over FY13. The new guidance factors in the recent acquisition of Dolce Vita and current expectations for remainder of the year. On August 14, Steve madden acquired Dolce Vita for $60.3M in cash and previously said the deal would be accretive to earnings in FY14 by 2c-3c and be "modestly accretive" in FY15. WHAT'S NOTABLE: Steve Madden's Chief Executive Officer Edward Rosenfeld said that the company's Q3 earnings were "disappointing" and were the result of weaker than expected retail segment performance. He believes that retail trends in the footwear space will continue to be difficult through the fourth quarter due to a lack of noteworthy fashion trends in the industry. The CEO said that the company's full-year guidance results from this pattern, along with a lowered reorder outlook in its wholesale segment. Rosenfeld is still confident, however, in the company's business model and believes that its acquisitions of Dolce Vita and its Mexican licensee will fuel the business forward over the long term. OTHERS TO WATCH: Competitors of Steve Madden include Michael Kors (KORS), Coach (COH), Kate Spade (KATE), and Vera Bradley. PRICE ACTION: During afternoon trading, shares of Steve Madden fell $2.62 or 8.2%, to $29.32. Over the last twelve months, the stock has fallen over 15%.
09:01 EDTODPOffice Depot stores now accept Apple Pay
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