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Stock Market & Financial Investment News

News Breaks
May 23, 2014
10:40 EDTARO, ANF, AEO, PSUN, WTSLAeropostale sinks to 52-week low after guidance disappoints
Shares of mall-based, specialty retailer Aeropostale (ARO) are sinking after the company’s second quarter profit outlook fell well short of analysts’ consensus estimates. WHAT'S NEW: Last night, Aeropostale reported first quarter adjusted losses per share of (52c) and revenue of $395.9M, against consensus views of (72c) and $410.04M, respectively. Comparable sales, including the e-commerce channel, for the first quarter decreased 13%, compared to a decrease of 14% for the corresponding 13-week period in 2013. WHAT’S NOTABLE: The company’s Q2 outlook for losses of (61c)-(55c) fell significantly short of the consensus forecast for losses of (50c) per share. ANALYST REACTION: This morning, research firm RBC Capital downgraded Aeropostale to Sector Perform from Outperform. PRICE ACTION: In morning trading, Aeropostale fell 97c, or about 21.6%, to $3.55 on heavy trading volume. Including today’s pull back, the stock has lost approximately 78% over the past twelve months. OTHERS TO WATCH: Other mall-based apparel retailers include American Eagle Outfitters (AEO), Abercrombie & Fitch (ANF), Pacific Sunwear (PSUN), and The Wet Seal (WTSL).
News For ARO;ANF;AEO;PSUN;WTSL From The Last 14 Days
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October 21, 2014
10:00 EDTAEOOn The Fly: Analyst Initiation Summary
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06:06 EDTAEOAmerican Eagle initiated with an Outperform at BlueFin
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October 17, 2014
10:43 EDTAEO, ARO, ANFUrban Outfitters slumps after warning on continued retail sales weakness
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October 16, 2014
17:10 EDTAEO, ANFAbercrombie & Fitch, American Eagle lower after Urban Outfitters warns on sales
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October 14, 2014
16:11 EDTWTSLWet Seal expects Q3 EPS (28c), consensus (26c)
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16:09 EDTWTSLWet Seal announces initial steps in cost savings plan, workforce reduction
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October 9, 2014
10:50 EDTANF, AEOGap falls after announcing CEO Murphy will step down, weak September sales
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09:41 EDTARO, ANFBofA/Merrill retail analysts hold an analyst/industry conference call
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