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Stock Market & Financial Investment News

News Breaks
August 21, 2014
10:07 EDTGESGuess falls after Chief Design Officer latest to leave
Shares of clothing designer and retailer Guess are falling after it announced last night that its Chief Design Officer had left the company. In a note to investors today, research firm Peiper Jaffray called the news "concerning." WHAT'S NEW: Guess last night announced that its Chief Design Officer, Sharleen Ernster, would leave the company, effective immediately. The company did not disclose a specific reason for her departure, but said that both the company and she agreed that she should leave. ANALYST REACTION: Piper Jaffray analyst Erinn Murphy wrote that she was "concerned" by continuing management turnover at Guess. The company's former Senior Vice President/General Merchandise Manager of North America left earlier this summer, and three executives departed between November 2012 and February 2013, Murphy reported. In the wake of the two recent departures, Guess' turnaround is likely to take longer than previously thought, according to Murphy, who kept a $25 price target and Neutral rating on the shares. WHAT'S NOTABLE: Murphy downgraded Guess to Neutral from Buy earlier this week, writing that disruptions to the company's U.S. business made it more difficult to predict when it would rebound. PRICE ACTION: In early trading, Guess sank 4.5% to $25.
News For GES From The Last 14 Days
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August 28, 2015
10:26 EDTGESOptions with decreasing implied volatility
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August 27, 2015
11:42 EDTGESPVH Corp. rises after Q2 results top estimates, FY15 outlook raised
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09:07 EDTGESGuess turnaround obscured by foreign exchange impact, says Wunderlich
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August 26, 2015
20:03 EDTGESOn The Fly: After Hours Movers
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16:13 EDTGESGuess drops $1.42 to $19.90 after Q2 earnings report
16:10 EDTGESGuess narrows FY16 EPS view to 89c-$1.02
FY16 revenues are now expected to decline between 1.5%-0.5% in constant currency. Currency headwinds are expected to negatively impact consolidated revenue growth by approximately 7.5%, for a net decline between 9.0%-8.0%. Previously, the company guided to FY16 EPS of 86c-$1.02 and a net revenue decline between 8.5%-6.5%. FY16 consensus for EPS 95c and for revenue is $2.23B.
16:07 EDTGESGuess sees Q3 EPS 8c-12c, consensus 18c
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16:06 EDTGESGuess reports Q2 EPS 21c, consensus 15c
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15:00 EDTGESNotable companies reporting after market close
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13:21 EDTGESGuess technical notes ahead of earnings
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August 25, 2015
14:09 EDTGESGuess volatility elevated into Q2 and outlook
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