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Stock Market & Financial Investment News

News Breaks
April 15, 2014
11:41 EDTBBY, HGG, 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
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December 19, 2014
06:09 EDTRSHStocks with implied volatility above IV index mean; RSH ACHN
Stocks with implied volatility above IV index mean; RadioShack (RSH) 278, Achillion (ACHN) 269 according to iVolatility.
December 18, 2014
14:39 EDTBBYBacker of Internet sales tax to get powerful Senate post
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December 16, 2014
10:53 EDTRSHRadioShack hires FTI Consulting for interim management services
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December 12, 2014
16:25 EDTRSHRadioShack files to sell 150,000 convertible preferred shares
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December 11, 2014
09:31 EDTRSHRadioShack says faces 'signficant challenges' from some lenders on restructuring
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09:24 EDTRSHRadioShack says working to reduce mobile chargebacks
RadioShack says it is changing its incentives to motivate its sales force.
09:16 EDTRSHOn The Fly: Pre-market Movers
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09:13 EDTRSHRadioShack sees bringing marketing spending more in line with peers
RadioShack says marketing spending was curtailed during quarter with no visible impact on store results. Comments from Q3 earnings conference call.
07:04 EDTRSHRadioShack said it began cost reduction initiatives to enhance earnings by $400M
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07:03 EDTRSHRadioShack reports Thanksgiving holiday US retail comparable store sales up 35%
Reports Thanksgiving holiday US mobility comparable sales down 27%.
07:02 EDTRSHRadioShack: Retail segment comparable store sales down 2%
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07:01 EDTRSHRadioShack reports Q3 EPS ($1.58), consensus ($1.04)
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December 10, 2014
15:25 EDTRSHNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Lululemon (LULU), consensus 38c; RadioShack (RSH), consensus ($1.04); Ciena (CIEN), consensus 13c; Methode Electronics (MEI), consensus 55c.
10:24 EDTRSHSprint retreats after Oppenheimer cuts rating to Underperform amid price war
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09:12 EDTRSHRadioShack threatens bankruptcy if cell phone deals not reworked, NY Post says
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08:08 EDTBBYBest Buy field checks show good November, says Jefferies
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December 8, 2014
07:51 EDTRSHRadioShack denies claims of default under $250M credit agreement
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