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Stock Market & Financial Investment News

News Breaks
August 30, 2013
10:37 EDTBIG, DLTR, DGBig Lots advances despite lowered 2013 guidance
Shares of closeout retailer Big Lots (BIG) are advancing after the company reported second quarter profit that beat consensus estimates. The company, however, lowered its full year 2013 outlook. WHAT'S NEW: This morning, Big Lots reported second quarter adjusted earnings per share of 31c and revenue of $1.23B. Analysts' consensus expectations were for EPS of 24c and revenue of $1.23B. WHAT'S NOTABLE: The company lowered its full year 2013 guidance. Big Lots' FY13 adjusted EPS view was lowered to $2.80-$3.05 from $2.87-$3.12. Consensus prior to the update from the company was $2.96. Its FY13 revenue growth forecast was cut to flat to up 1%, from a prior view of up 1%-2%, while the FY13 SSS outlook remained the same. Big Lots cited its operating results for the first two quarters and its expectations for the third and fourth quarters for the lowered guidance. The company also gave a cautious view for the third quarter. It guided Q3 EPS to (13c)-(5c) versus consensus (1c), and expects Q3 U.S. comparable store sales in the range of flat to minus 2%. The company expects Q3 to be “somewhat of a transitional quarter as it incurs inventory costs" and sets up for the holiday season, executives said. PRICE ACTION: In early morning trading, Big Lots rose 75c, or 2.2%, to $35.39. OTHERS TO WATCH: Two competitors, Dollar Tree (DLTR) and Dollar General (DG), were both down fractionally in early trading.
News For BIG;DLTR;DG From The Last 14 Days
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October 23, 2014
06:46 EDTDLTRDollar Tree removed from the short-term buy list at Deutsche Bank
Deutsche Bank removed Dollar Tree from the short-term buy list due to an automatic 6-month time demotion.
October 21, 2014
17:27 EDTDLTR, DGFamily Dollar certifies substantial compliance with FTC
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October 20, 2014
08:31 EDTDLTRFamily Dollar sets Oct. 30 as record date for special meeting of stockholders
Family Dollar Stores (FDO) announced that October 30, 2014 has been established as the record date for determining stockholders entitled to receive notice of, and to vote at, the Special Meeting of Stockholders, at which stockholders will be asked to adopt the previously announced merger agreement, as amended, with Dollar Tree (DLTR).
October 17, 2014
16:09 EDTDLTR, DGElliott Advisors expresses concerns over Family Dollar merger, nominates slate
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10:00 EDTDLTR, BIG, DGOn The Fly: Analyst Initiation Summary
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08:11 EDTBIGBig Lots initiated with a Buy at Stifel
Target $58.
08:11 EDTDGDollar General initiated with a Buy at Stifel
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08:11 EDTDLTRDollar Tree initiated with a Buy at Stifel
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October 16, 2014
07:04 EDTDGDollar General to build new distribution center in San Antonio, TX
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06:27 EDTDLTRDollar Tree accumulates $866,000 in fines in last year, WSJ reports
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October 10, 2014
16:17 EDTDGDollar General receives second request from FTC
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08:11 EDTDLTR, DGFamily Dollar Q4 bad enough to justify merger, says FBR Capital
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October 9, 2014
16:19 EDTDLTRFamily Dollar will not provide guidance for FY15
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09:41 EDTDGBofA/Merrill retail analysts hold an analyst/industry conference call
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