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Stock Market & Financial Investment News

News Breaks
August 15, 2013
18:52 EDTDELL, AZPN, JWN, AMAT, JOSB, PXLW, POWROn The Fly: After Hours Movers
UP AFTER EARNINGS: Aspen Technology (AZPN), up 13%. DOWN AFTER EARNINGS: Dell (DELL), down 0.1% after its earnings beat on the top and bottom line but it posted net income of $204M, a 72% decline against the prior year period... Nordstrom (JWN), down 2.5%... Applied Materials (AMAT), down 2.1% after its earnings and outlook missed expectations and the company named Gary Dickerson CEO. ALSO LOWER: JoS. A. Bank (JOSB), down 6.8% after saying its second quarter earnings and revenue are on track to come in below expectations... Pixelworks (PXLW), down 11.7% after filing a prospectus to sell common stock... PowerSecure (POWR), down 5.2% after filing to sell $44M in common stock, including 200,000 shares for its CEO.
News For DELL;AZPN;JWN;AMAT;JOSB;PXLW;POWR From The Last 14 Days
Check below for free stories on DELL;AZPN;JWN;AMAT;JOSB;PXLW;POWR the last two weeks.
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August 31, 2014
13:35 EDTPXLWRoth Capital to hold a conference
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August 29, 2014
16:08 EDTPXLWPixelworks files to sell $50M of common stock
06:31 EDTAMATApplied Materials management to meet with Jefferies
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August 27, 2014
17:02 EDTJWNNordstrom files to sell common stock, no amount given
11:32 EDTJWNTiffany shines brighter as results beat expectations, company raises outlook
Shares of luxury retailer Tiffany (TIF) are moving higher after the company reported significantly stronger than expected second quarter results and raised its fiscal year 2015 earnings per share view. WHAT'S NEW: Tiffany's reported Q2 EPS of 96c on revenue of $993M, beating analysts' consensus estimates of 85c and $987.88M, respectively. Worldwide net sales increased 7% in Q2 and comparable store sales increased 3% in Q2 mainly due to growth in the Americas and Asia-Pacific regions. Looking ahead, the retailer increased its FY15 EPS view to $4.20-$4.30 from its previous view of $4.15-$4.25, which is in-line with analysts' $4.29 consensus. Tiffany anticipates worldwide net sales increasing by a high-single digit range and sees worldwide net sales increasing by a high-single-digit percentage for the year. The company also sees FY free cahs flow of at least $400M as well as capital expenditures of $270M. WHAT'S NOTABLE: During its conference call discussing the quarter, Tiffany said that it sees a "healthy" increase in its full-year operating margin. The luxury company noted that it experienced continued softness in its U.S. silver sales during Q2 as well as softness in U.S. entry-level sales under $500. In its Japan division, the retailer foresees returning to single-digit sales growth, but noted that the unit has not experienced that so far in the first few weeks of this month. In Europe, the retailer said it is "still feeling" the effect of economic and currency related obstacles. Tiffany sees opening 10 stores throughout the rest of the year, which is lower than its original plan of opening 13, and plans to close three stores this year compared to its original target of closing four. Tiffany also sees a double-digit percentage marketing spend increase in the second-half of this year. ANALYST REACTION: Sterne Agee analyst Ike Boruchow said that as Tiffany continues to surpass expectations in its earnings reports, fashion jewelry in general is growing again and the company's latest "T" collection should quicken that category further. He feels that regardless of the few headwinds in Japan and Europe, the luxury company is still one of the most stable retail firms. Boruchow believes that the CEO transition from Michael Kowalski to Frederic Cumenal is likely to be a "smooth" one in March. The analyst keeps the stock at a Buy rating with a $100.77 price target. OTHERS TO WATCH: Other high end retailers include Signet Jewelers (SIG), Blue Nile (NILE), Nordstrom (JWN), Michael Kors (KORS), and Coach (COH). PRICE ACTION: During late-morning trading, Tiffany rose $1.32 or 1.31%, to $102.09.
06:36 EDTJWNNordstrom, Target launching Instagram platform, CNBC says
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August 26, 2014
07:29 EDTPOWRThree Part Advisors to hold a conference
Midwest IDEAS Conference to be held in Chicago on August 26-27.
August 24, 2014
21:56 EDTAMATB. Riley to hold a tour
Silicon Valley Tech Tour travels throughout Silicon Valley on August 25-27.
August 22, 2014
13:21 EDTJWNNordstrom completes Trunk Club acquisition
Nordstrom announced the closing on August 22 of its acquisition of Trunk Club. The company previously announced its proposed acquisition of Trunk Club by press release on July 31. The company believes this acquisition represents a natural extension of its core business, aligns with its strategic priorities around a relevant customer experience and accelerates entry into this market.
06:09 EDTPOWRPowerSecure management to meet with Craig-Hallum
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August 19, 2014
17:25 EDTPOWRBecker Drapkin reduces stake in PowerSecure to 6.3% from 7%

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