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Stock Market & Financial Investment News

News Breaks
March 25, 2014
10:27 EDTGIII, PVH, GESG-III Apparel sinks after earnings forecast misses expectations
Shares of clothing maker and retailer G-III Apparel (GIII) are sinking after the company issued first quarter and FY15 guidance below analysts' consensus expectation. WHAT'S NEW: G-III Apparel reported fourth quarter earnings per share of 62c, which was above analysts' consensus of 49c. The company reported fourth quarter revenue of $472.8M, missing analysts' consensus forecast of $489.93M. The company said that it sees first quarter loss per share to be in the range of 10c to 20c while analysts were estimating a gain of 4c. G-III Apparel expects first quarter net revenues of approximately $346M, slightly above analysts' consensus of $345.63M. The company noted that its first quarter results will be negatively affected by its G.H. Bass & Co. acquisition. G-III Apparel project FY15 earnings per share in the range of $3.95-$4.10, which falls below analysts' consensus of $4.30. The company projects FY15 net sales of approximately $2.05B, trailing analysts' estimates of $2.1B. WHAT'S NOTABLE: During the company's fourth quarter earnings conference call, G-III Apparel said it will continue to look for acquisitions and feels that it is on the right path to continue to deliver value. PRICE ACTION: During morning trading, shares of G-III Apparel fell $3.51 or 4.71% to $70.95. OTHERS TO WATCH: Rival apparel makers include Guess (GES), and PVH Corp. (PVH).
News For GIII;PVH;GES From The Last 14 Days
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September 19, 2014
10:06 EDTGESOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: American Eagle (AEO) upgraded to Buy from Neutral at Goldman... Concur (CNQR) upgraded to Neutral from Sell at Goldman... Continental Resources (CLR) upgraded to Buy from Neutral at Global Hunter... Deutsche Telekom (DTEGY) upgraded to Buy from Neutral at Citigroup... DuPont (DD) upgraded to Buy from Hold at BGC Financial... First Horizon (FHN) upgraded to Outperform from Market Perform at Raymond James... Francesca's (FRAN) upgraded to Buy from Neutral at Buckingham... Guess (GES) upgraded to Neutral from Underperform at Buckingham... National CineMedia (NCMI) upgraded to Outperform from Market Perform at FBR Capital... Patterson-UTI Energy (PTEN) upgraded to Overweight from Equalweight at Capital One... SABMiller (SBMRY) upgraded to Neutral from Reduce at Nomura... Synovus (SNV) upgraded to Strong Buy from Outperform at Raymond James... Texas Capital (TCBI) upgraded to Buy from Hold at Wunderlich... VF Corp. (VFC) upgraded to Buy from Hold at KeyBanc... Zions Bancorp (ZION) upgraded to Strong Buy from Outperform at Raymond James.
07:26 EDTGESGuess upgraded to Neutral from Underperform at Buckingham
September 18, 2014
10:57 EDTGESU.S. ITC to investigate 17 denim jean companies for patent infringement
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