New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 15, 2014
11:41 EDTHGG, BBY, RSHElectronics retailers sink after hhgregg lowers outlook
Shares of electronics retailers Best Buy (BBY) and RadioShack (RSH) are sinking after another company in the sector, hhgregg (HGG), preannounced weaker than expected results and said that it would no longer sell mobile phones with contracts. WHAT'S NEW: hhgregg estimated that its loss per share for Q4 would be 17c. On average, analysts had expected the company to report earnings per share of 10c for the period. The company's EPS guidance includes a pre-tax write down of about $4M related to its decision to stop selling mobile phones and its write-off of associated equipment. But the retailer's Q4 revenue guidance also came in below expectations, and it estimated that its comparable store sales during the quarter had tumbled 9.9%. hhgregg said that its results were hurt by the harsh winter weather. For fiscal 2014, the company predicted that its EPS, excluding certain items, would come in at 9c, versus the consensus estimate of 35c. PRICE ACTION: In late morning trading, hhgregg tumbled $1.30, or 15%, to $7.40, while Best Buy fell 4.5% to $24.50 and RadioShack gave back 6% to $1.90.
News For HGG;BBY;RSH From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
September 26, 2014
10:21 EDTRSHStandard General in discussions with RadioShack on new business operating plan
Standard General reports 9.8% stake in RadioShack. Standard General has been in discussions with the company regarding a proposal on a business operating plan and certain ways to improve the company’s liquidity position in advance of the holiday shopping season. Proposals under discussion include Standard General and certain other investors purchasing loans and other commitments under the Company’s asset backed credit facility from its existing lenders. Under such a proposed transaction, Standard General and certain other New Investors may propose to subordinate their investment in the Credit Facility to other investors in order to improve the near-term liquidity available to fund the Company’s holiday working capital needs. Pursuant to such a proposal, the investment by the New Investors could be the first step of a broader recapitalization of RadioShack proposed to be completed by early 2015, which may include Standard General and certain other New Investors acquiring preferred equity convertible into common equity, board nomination rights and corresponding changes to the Company’s structure.
September 25, 2014
10:02 EDTHGGh.h. gregg to hire over 450 sales associates for holiday season
Subscribe for More Information
08:19 EDTBBYBest Buy management to meet with Deutsche Bank
Subscribe for More Information
September 24, 2014
11:24 EDTRSHRadioShack sees Fix It Here available to 700 locations by 2014 end
Subscribe for More Information
10:03 EDTBBYBest Buy confirms exclusive tech accessories from fashion designers
Best Buy confirmed that it will introduce exclusive tech accessories from fashion designers Nanette Lepore, Anna Sui, and Isaac Mizrahi. All will reflect and be inspired by the designers’ current collections and will be available only at Best Buy. All three collections will debut Sunday, Oct. 5 at BestBuy.com and in Best Buy stores.
08:11 EDTBBYBest Buy hope designer accessories will bring more women to stores, Re/code says
Subscribe for More Information
September 22, 2014
07:22 EDTRSHRadioShack: Discussions with major vendor did not result in any changes
Subscribe for More Information
September 19, 2014
06:03 EDTRSHStocks with implied volatility movement; TAP RSH
Stocks with implied volatility movement; Molson Coors (TAP) 31, RadioShack (RSH) 247 according to iVolatility.
September 18, 2014
05:47 EDTRSHStocks with implied volatility movement; TRW RSH
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use