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Stock Market & Financial Investment News

News Breaks
March 7, 2014
06:05 EDTBIGBig Lots reports Q4 EPS ex-items 98c, may not compare to consensus $1.40
Reports Q4 revenue $1.64B, consensus $1.61B. Reports Q4 adjusted EPS from U.S. operations $1.45. Reports Q4 U.S. SSS down 3%.
News For BIG From The Last 14 Days
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December 17, 2014
09:31 EDTBIGBig Lots upgraded to Buy from Neutral at Northcoast
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December 8, 2014
08:26 EDTBIGBig Lots sell-off unwarranted at FBR Capital
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December 5, 2014
16:36 EDTBIGOn The Fly: Closing Wrap
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12:50 EDTBIGOn The Fly: Midday Wrap
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12:03 EDTBIGFive Below plummets after Q4, FY14 outlooks trail analysts' estimates
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11:26 EDTBIGBig Lots tumbles after earnings, levels to watch
The shares are close to the session lows, down 13.6% to $41.37. The low of the day at $40.74 is current support. The share price loss today is beginning to close the bullish gap up in shares from May. This is bearish for future price with next supports below today's low at $40 and then the bottom of the gap at $37.68. Resistance is at $42.50.
10:46 EDTBIGBig Lots tumbles after Q3 results misses estimates
Shares of closeout retailer Big Lots (BIG) are lower this morning after the company's third quarter earnings failed to meet analyst estimates. WHAT'S NEW: Big Lots reported Q3 earnings per share of (6c) and revenue of $1.11B, missing analysts' consensus estimates of (5c) and $1.12B, respectively. Same store sales increased 1.4% for the quarter, the company said. Big Lots said Jennifer, its core customer, is responding positively to the improved merchandising strategies such as the recent expansion of its Food category and the Furniture lease-to-purchase program. Inventory ended the quarter at $1.08B vs. $1.24B for the previous year. Looking ahead, Big Lots raised the high end of its fourth quarter EPS view to $1.70-$1.80 from $1.70-$1.76 against analysts' consensus estimates of $1.78. and backed its Q4 SSS view of a low single digit increase. For fiscal year 2014, Big Lots backed its FY14 EPS view of $2.40-$2.50 against analysts' estimates of $2.49 and SSS guidance of up 1%-2%. WHAT'S NOTABLE: During the conference call to discuss Q3 earnings, Big Lots said it expects to see double digit drops in Electronics in the fourth quarter. Big Lots said it was encouraged by the start of November where comps were up by 2%, but also commented on less than favorable results from Thanksgiving and Black Friday, with one executive noting the lack of traffic at store checkouts during Black Friday. The retailer also said it sees positive opportunity for January in food, furniture and home. PRICE ACTION: During morning trading, Big Lots fell $6.56, or 13.68, to $41.39. OTHERS TO WATCH: Five Below (FIVE), which reported in-line third quarter EPS and a lower-than-expected fourth quarter and fiscal year 2014 outlook, is down 12.3% to $37.56.
10:35 EDTBIGHigh option volume stocks
High option volume stocks: NOAH FRAN BIG GREK KEY VIAB STRZ ALKS QTWW ONNN
09:17 EDTBIGOn The Fly: Pre-market Movers
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08:22 EDTBIGBig Lots expects to see double digit drops in electronics in Q4
08:13 EDTBIGBig Lots plans to open 24 new stores and close 57 US stores in 2015
Encouraged by start in November where comps up by 2%. The company, however, said Thanksgiving and Black Friday results down from prior year. Believes January has opportunity in food, furniture and home. Comments taken from Q3 earnings conference call.
06:05 EDTBIGBig Lots backs FY14 EPS view of $2.40-$2.50, consensus $2.49
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06:04 EDTBIGBig Lots raises high-end of Q4 EPS view to $1.70-$1.80 from $1.70-$1.76
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06:01 EDTBIGBig Lots reports Q3 EPS (6c), consensus (5c)
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