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Stock Market & Financial Investment News

News Breaks
May 9, 2014
10:50 EDTGPS, ANF, ARO, APP, EXPRGap advances after April sales beat expectations
Shares of specialty apparel company The Gap (GPS) are rising after the company’s April same-store sales and its first quarter revenue beat expectations. WHAT'S NEW: Last night, Gap reported first quarter revenue of $3.77B, topping the consensus view of $3.69B. The company’s comparable sales for Q1 decreased 1%. Gap reported April same-store sales increased 9%, with Gap brand comparable sales up 3%; Banana Republic SSS up 7% and Old Navy up 18%. WHAT’S NOTABLE: Gap forecast Q1 earnings per share of 56c-57c, ahead of expectations of 53c. The company expects that for Q1 its gross margins will decline less than the year-over-year decline in Q4. In addition, the company expects Q1 operating expenses to be slightly above last year. PRICE ACTION: In morning trading, Gap is up $1.58, or about 4%, to $40.82 on heavy trading volume. Including today’s advance, the stock has gained about 5% over the past twelve months. OTHERS TO WATCH: Others in the apparel space include Abercrombie & Fitch (ANF), Aeropostable (ARO), American Apparel (APP), and Express (EXPR).
News For GPS;ANF;ARO;APP;EXPR From The Last 14 Days
Check below for free stories on GPS;ANF;ARO;APP;EXPR the last two weeks.
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September 29, 2014
08:37 EDTAPPAmerican Apparel appoints Scott Brubaker as interim CEO, Hassan Natha as CFO
American Apparel announced the appointment of Scott Brubaker as Interim CEO and Hassan Natha as Executive Vice President and CFO, effective immediately. Brubaker is a Managing Director at Alvarez & Marsal, and replaces John Luttrell as Interim CEO. Natha, who replaces Luttrell as CFO, has more than 20 years of experience in finance with both public and private companies, including service as Chief Financial Officer at Fisher Communications, Inc. and Jones Soda Company. John Luttrell, who had been serving as Interim Chief Executive Officer and Chief Financial Officer, is resigning from the company.
September 19, 2014
10:06 EDTEXPROn The Fly: Analyst Downgrade Summary
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08:14 EDTEXPRExpress downgraded to Neutral from Buy at Goldman
Goldman downgraded Express to Neutral based on lackluster fundamentals as the pace of promotions in the quarter indicate a less robust margin recovery. The analyst believes shares reflect fundamentals and upside risk of a potential takeover. Price target lowered to $17 from $18.
September 18, 2014
10:57 EDTANF, GPSU.S. ITC to investigate 17 denim jean companies for patent infringement
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September 17, 2014
10:00 EDTGPSOn The Fly: Analyst Initiation Summary
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September 16, 2014
16:29 EDTGPSGap assumed with a Neutral at Piper Jaffray
Price target raised to $46 from $43.
16:29 EDTANFAbercrombie & Fitch assumed with an Overweight at Piper Jaffray
Price target lowered to $45 from $48.

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