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Stock Market & Financial Investment News

News Breaks
April 15, 2014
08:04 EDTHGGh.h. gregg says to exit contract-based mobile phone business
During the quarter, the company made the strategic decision to exit the contract-based mobile phone business, which was included in the computing and wireless category for reporting purposes. In connection with this exit, the company incurred a pre-tax charge of $2.9M to exit the business. The charge will cover the expected write down of inventory and the write off of associated signage and fixtures. Additionally, the company incurred a $1.1M pre-tax charge in Q4 to write-off store fixtures which were removed from certain stores due to an evolving product mix. The fixtures were replaced by the expansion of the home products category, which does not require fixtures for in-store display.
News For HGG From The Last 14 Days
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May 18, 2015
10:01 EDTHGGOn The Fly: Analyst Downgrade Summary
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06:10 EDTHGGhhgregg downgraded to Sell from Neutral at UBS
UBS downgraded hhgregg to Sell citing a weak long-term outlook and risk of customer traffic loss from the retailer's plans to reduce costs. UBS cut its price target for shares to $4 from $6.
May 15, 2015
16:17 EDTHGGOn The Fly: Top stock stories for Friday
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10:13 EDTHGGHigh option volume stocks
High option volume stocks: POST SFM GSVC HGG HUN PH JWN CAR ONTY LBTYA
07:01 EDTHGGh.h. gregg says did not repurchase any shares in Q4
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07:01 EDTHGGh.h. gregg reports Q4 adjusted EPS (47c), consensus (24c)
Reports Q4 revenue $485.6M, consensus $515.39M. Reports Q4 SSS down 10%.
May 14, 2015
15:01 EDTHGGNotable companies reporting before tomorrow's open
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