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Stock Market & Financial Investment News

News Breaks
February 5, 2014
10:04 EDTDECK, LH, TRW, VRNT, FOSL, UAMOn the Fly: Analyst Initiation Summary
Fossil (FOSL) initiated with a Neutral at Sterne Agee... TRW Automotive (TRW) initiated with a Neutral at UBS... Deckers Outdoor (DECK) initiated with a Buy at B. Riley... Verint Systems (VRNT) reinstated with an Outperform at Credit Suisse... LabCorp (LH) assumed with a Buy at Maxim... Universal American (UAM) initiated with a Market Perform at Leerink.
News For FOSL;TRW;DECK;VRNT;LH;UAM From The Last 14 Days
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September 3, 2015
09:12 EDTLHNeoGenomics overhang should dissipate, says Roth Capital
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08:46 EDTLHLabCorp expands partnership with PTQ
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07:33 EDTVRNTNICE Systems target lowered after Verint results at JPMorgan
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September 2, 2015
18:39 EDTVRNTOn The Fly: After Hours Movers
UP AFTER EARNINGS: SeaChange (SEAC), up 4.5%... Planet Fitness (PLNT), up 7.1%. ALSO HIGHER: Geron (GERN), up 19.7% after publishing two papers in The New England Journal of Medicine... Lannett (LCI), up 16.6% after announcing that it will acquire Kremers Urban. DOWN AFTER EARNINGS: Five Below (FIVE), down 9.3%... Verint Systems (VRNT), down 6.1%... Catalent (CTLT), down 4.9%.
16:19 EDTVRNTVerint Systems sees FY15 adjusted EPS $3.45 at mid-point of range
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16:16 EDTVRNTVerint Systems reports Q2 adjusted EPS 70c, consensus 68c
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14:50 EDTVRNTNotable companies reporting after market close
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11:07 EDTFOSLVera Bradley surges on better-than-expected Q2 earnings, upbeat FY16 view
Shares of Vera Bradley (VRA) surged in morning trading after the company reported better-than-expected second quarter results and raised its outlook for fiscal year 2016. Vera Bradley is a designer of women's handbags, accessories, luggage and travel items and eyewear. WHAT'S NEW: Vera Bradley reported Q2 earnings per share from continuing operations of 15c on revenue of $120.7M, beating analysts' expectations of 11c and $114.99M, respectively. Same-store sales decreased 15% for the quarter, though Robert Wallstrom, the company's chief executive officer, said that the company's comparable sales trend began to improve toward the end of the quarter due to new product offerings, improved in-store execution and initial marketing efforts. Looking ahead, Vera Bradley forecast third quarter EPS from continuing operations of 19c-21c on revenue of $120M-$123M, against analysts' consensus estimates of 15c and $117.2M, respectively. Wallstrom said that the company's turnaround will take time, but noted "meaningful progress" being made, and that Vera Bradley is "confident" in its long-term strategic plan. WHAT'S NOTABLE: Vera Bradley raised its FY16 continuing operations EPS view to 72c-82c from 64c-74c, higher than analysts' expectations of 66c. Additionally, the company's FY16 revenue view was narrowed to $487M-$495M from $480M-$495M, still ahead of analysts' consensus estimates of $481.57M. On its Q2 earnings conference call, Vera Bradley forecast sees Q3 and FY16 same-store sales down in the low double-digit percentage range. The company added that it eliminated hyperpromotions and pared back promotional days in Q2 and noted that it is seeing "green shoots" from its turnaround efforts. Vera Bradley said it sees a decline in hyperpromotional activity in FY16. PRICE ACTION: Vera Bradley shares are up 23.49% to $12.88 in morning trading. OTHERS TO WATCH: Vera Bradley peers include Coach (COH), down 0.54%, Michael Kors (KORS), up 1.92%, and Fossil Group (FOSL), up 0.64%.
August 27, 2015
15:18 EDTFOSLMovado spikes after reporting Q2 results, backing FY16 guidance
Movado Group (MOV), which designs, sources, markets and distributes watches, is trading sharply higher after reporting better than expected second quarter earnings and revenue, as well as backing its fiscal 2016 guidance. WHAT'S NEW: Movado reported Q2 earnings per share of 50c against a consensus of 42c, and Q2 revenue of $145.6M against a consensus of $142.25M. The company also backed its FY16 EPS view of $2.00-$2.10 against a consensus of $2.05, and backed its FY16 revenue view of $590M-$600M against a consensus of $593.13M. Movado said it anticipates recording the remainder of the previously announced $3M-$4M pre-tax charge related to operating efficiency initiatives by the end of FY16, which is excluded from its guidance. ANALYST RESEARCH: On August 25, Barrington Research released an earnings preview that advised staying "on the sidelines" with Movado, forecasting the company's EPS at 40c and its revenue at $144.3M. The firm, which had rated Movado at Market Perform, correctly predicted the company would maintain its guidance. PRICE ACTION: In late afternoon trading, Movado is higher by $3.93, or 17.6%, to $26.25. PEERS: Competitor Fossil Group (FOSL) is trading higher by 2.6%.
August 26, 2015
08:01 EDTDECKDeckers Outdoor opens pop-up shops in Boston and New York
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August 24, 2015
16:17 EDTLHLabCorp: Covance announces agreement with leading pharmaceutical company
Laboratory Corporation of America Holdings announced that Covance Drug Development has received a multi-year award from a leading pharmaceutical company to use Covance's Xcellerate platform as an exclusive central monitoring solution for their worldwide clinical trials portfolio. This landmark agreement with a top-tier pharmaceutical company for Covance's first-in-kind Software-as-a-Service offering reflects the company's unique technology capabilities, and reinforces its position as an industry innovator and leader in clinical informatics solutions.
09:49 EDTFOSLFitbit being sold at Macy's seen as near-term catalyst
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08:45 EDTLHLabCorp announces availability of VistaSeq Hereditary Cancer Panel
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August 20, 2015
10:00 EDTFOSLOn The Fly: Analyst Upgrade Summary
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06:55 EDTFOSLFossil upgraded to Sector Weight from Underweight at KeyBanc
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