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Stock Market & Financial Investment News

News Breaks
February 26, 2013
12:46 EDTAAP, AZOAutoZone falls after CEO says sales remain inconsistent
Auto parts retailer AutoZone (AZO) is retreating after the company's CEO, Bill Rhodes, said during the company's earnings conference call this morning that its sales "have remained inconsistent and below our desires and expectations." The company's sales growth during the first two weeks of February, which are the last two weeks of its second quarter, were below normal historical levels, Rhodes added. Usually the company's sales during these two weeks increase significantly compared with prior weeks, the CEO explained. This year, however, its sales rose only modestly versus previous weeks, Rhodes said. Moreover, its U.S. same-store sales during this period tumbled 8% versus the same period in 2012, he reported. The weakness was caused by delays in the processing of tax refunds by the IRS, the CEO stated, adding that the company's outlook remains "cautious." AutoZone's domestic same-store sales dropped 1.8% during its entire second quarter. On a positive note, AutoZone's second quarter earnings per share of $4.78 and revenue of $1.9B were slightly ahead of analysts' consensus estimates. In early afternoon trading, AutoZone shares fell about $5, or 1.3%, to $373.56. Meanwhile, Advance Auto Parts (AAP), one of AutoZone's competitors, dropped 1.6% to $77.10.
News For AZO;AAP From The Last 14 Days
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May 21, 2015
08:36 EDTAAPAdvance Auto Parts lowers FY15 cash EPS view to $8.10-$8.30, consensus $8.51
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08:34 EDTAAPAdvance Auto Parts reports Q1 cash EPS $2.39, consensus $2.48
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May 20, 2015
15:00 EDTAAPNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Dollar Tree (DLTR), consensus 75c... Best Buy (BBY), consensus 29c... Advance Auto Parts (AAP), consensus $2.48... Patterson Companies (PDCO), consensus 65c... Donaldson Company (DCI), consensus 35c... Booz Allen Hamilton Holding (BAH), consensus 33c... The Buckle (BKE), consensus 78c... Monro Muffler Brake (MNRO), consensus 39c... Brady Corp. (BRC), consensus 37c... Trina Solar (TSL), consensus 9c... Quality Systems (QSII), consensus 15c... Kirkland's (KIRK), consensus 11c... Bon-Ton Stores (BONT), consensus ($1.56).
06:04 EDTAZOPotential buyers approach Pep Boys about possible takeover, WSJ reports
Pep Boys has been approached about a takeover, according to sources cited by The Wall Street Journal. The sources say Golden Gate Capital and other potential suitors have expressed interest recently in buying the company. The auto-parts and services retailer is not currently in negotiations with any of the firms and is not working with an investment bank, one source notes. Reference Link
May 19, 2015
07:56 EDTAAPAdvance Auto Parts June volatility elevated into Q1 and outlook
Advance Auto Parts June call option implied volatility is at 28, September is at 24; compared to its 90-day average of 24, suggesting large near term price movement into the expected release of Q1 results on May 21.
May 15, 2015
17:33 EDTAAPPoint72 Asset Management gives quarterly update on stakes
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