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Stock Market & Financial Investment News

News Breaks
February 19, 2013
06:05 EDTJOEZJoe's Jeans completes purchase of earn-out with accretive transaction
Joe's Jeans announced that it has entered into a new agreement with its founder, Joe Dahan, to remove the contingencies related to the contingent consideration payments that were to be made to him. The new agreement fixes the overall amount to be paid to Dahan at $9,168,000 over an accelerated time period. Excluding this charge and the expense paid to date prior to entering into this new agreement, the resulting savings in earn out expense is expected to contribute earnings of 3c per share for the FY13. The Company expects to record the full amount of the buy-out payment in the first quarter of fiscal 2013. Excluding this charge and the expense paid to date, the Company expects the transaction to be 3c accretive to earnings per share for the FY13 with further accretion in 2014 through 2017, the original period for the earn-out.
News For JOEZ From The Last 14 Days
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July 11, 2014
12:36 EDTJOEZOn The Fly: Midday Wrap
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10:00 EDTJOEZOn The Fly: Analyst Upgrade Summary
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07:07 EDTJOEZJoe's Jeans upgraded to Buy from Neutral at B. Riley
As previously reported, B. Riley upgraded Joe's Jeans to Buy from Neutral. The firm upgraded shares following the in-line Q2 report and said metrics should reach an inflection in 2H. Price target raised to $1.70 from $1.30.
06:48 EDTJOEZJoe's Jeans upgraded to Buy from Neutral at B. Riley
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July 10, 2014
18:35 EDTJOEZOn The Fly: After Hours Movers
UP AFTER EARNINGS: Joe's Jeans (JOEZ), up 15.5% after reporting second quarter results above analyst estimates... Barracuda Networks (CUDA), up 2.2% after reporting quarterly results and guidance... DOWN AFTER EARNINGS: PriceSmart (PSMT), down 3.7% after reporting third quarter revenue below analyst estimates... Rent-A-Center (RCII), down 11% after reporting disappointing preliminary second quarter results. ALSO LOWER: Gap (GPS), down 2% after reporting June Same Store Sales down 2%... Arotech (ARTX), down 5.6% after filing an automatic common stock shelf... NOTABLE: MGIC Investment (MTG), down 4.8% and Radian Group (RDN), down 3.8% following the FHFA proposal to tighten capital rules for mortgage insurers.
16:02 EDTJOEZJoe's Jeans reports Q2 EPS 1c, consensus (3c)
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15:13 EDTJOEZNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include PriceSmart (PSMT), consensus 69c; Barracuda Networks (CUDA), consensus 3c; Zep, Inc. (ZEP), consensus 39c; VOXX (VOXX), consensus 6c; Joe's Jeans (JOEZ), consensus (3c); Ceres (CERE), one estimate (32c).

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