New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 9, 2014
18:09 EDTHD, TTS, LL, LOWLumber Liquidators plummets after cutting full-year outlook
Shares of hardwood flooring and accessories retailer Lumber Liquidators (LL) are sinking in after-hours trading after the company cut its fiscal 2014 outlook. It also forecast second quarter results far below analysts' consensus estimates. WHAT'S NEW: After the bell, Lumber Liquidators forecast Q2 earnings per share of 59c-61c, far short of the consensus estimate of 90c. Q2 sales came in at $263.1M, also well below estimates of $303.21M. Comparable store sales decreased 7.1% for the quarter, and the company expects gross margin in Q2 to contract year over year. WHAT'S NOTABLE: Due to the weak Q2 performance, the company cut its FY14 EPS view to $2.65-$3.00 from $3.25-$3.60, versus consensus of $3.34. It also lowered its FY14 revenue outlook to $1.05B-$1.1B from $1.15B-$1.2B, versus consensus of $1.16B. It forecast comparable store net sales in the low single digits, either positive or negative, compared to its previous view of an increase ranging from mid to high single digits. It sees opening a total of 33 to 37 new store locations in the expanded showroom format, down from the previous view of 35 to 40. CEO Lynch said, "A number of the factors weighing on our second quarter results are likely to continue in the second half of 2014. While we believe the third quarter may be weaker than we originally anticipated, we have a strong sense of urgency and we expect to regain traction to deliver operating margin expansion in the second half and in coming years." PRICE ACTION: In evening trading, Lumber Liquidators fell $13.52, or 19.2%, to $56.90 on heavy trading volume. OTHERS TO WATCH: Other companies in the flooring space include Tile Shop (TTS), down 5%, Home Depot (HD), down 1%, and Lowe's (LOW), down 1.8%.
News For LL;HD;LOW;TTS From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | all recent news | >>
February 24, 2015
15:21 EDTLOWNotable companies reporting before tomorrow's open
Subscribe for More Information
12:58 EDTLOWEarnings Preview: Lowe's up over 17% since last earnings report
Subscribe for More Information
12:42 EDTHDOn The Fly: Midday Wrap
Subscribe for More Information
09:22 EDTHDHome Depot expects to see growth rate than higher company average in 2015
Subscribe for More Information
09:10 EDTHDHome Depot expects moderate GDP growth, housing recovery to drive 2015 growth
Subscribe for More Information
08:56 EDTHDOn The Fly: Pre-market Movers
Subscribe for More Information
06:05 EDTHDHome Depot sees FY15 EPS $5.11-$5.17, consensus $5.23
Subscribe for More Information
06:04 EDTHDHome Depot targets dividend payout ratio of approximately 50%
Subscribe for More Information
06:03 EDTHDHome Depot board authorizes $18B share repurchase program
Subscribe for More Information
06:03 EDTHDHome Depot board increases quarterly dividend by 26% to 59c
Subscribe for More Information
06:02 EDTHDHome Depot reports Q4 adjusted EPS $1.00, consensus 89c
Subscribe for More Information
February 23, 2015
15:23 EDTHDNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Comcast (CMCSA), consensus 78c... Home Depot (HD), consensus 89c... American Tower (AMT), consensus 51c... Ecolab (ECL), consensus $1.20... Macy's (M), consensus $2.40... Pall Corp. (PLL), consensus 87c... Windstream (WIN), consensus 3c.
14:05 EDTHDEarnings Preview: Home Depot shares up over 14% since last earnings report
Subscribe for More Information
13:47 EDTHDHome Depot technical comments before earnings
Subscribe for More Information
07:51 EDTLOWLowe's March volatility elevated into Q4 and outlook
Subscribe for More Information
February 20, 2015
06:10 EDTHDHome Depot volatility increases into Q4 and outlook
Home Depot March weekly call option implied volatility is at 33, March is at 24, April is at 19, August is at 18; compared to its 26-week average of 21 according to Track Data, suggesting non-directional price movement into the expected release of Q4 results on February 24.
February 19, 2015
06:45 EDTLLLumber Liquidators volatility elevated into Q4 and outlook
Subscribe for More Information
February 17, 2015
16:22 EDTTTSOn The Fly: Closing Wrap
Subscribe for More Information
08:09 EDTTTSTile Shop sees FY15 EPS 27c-33c, consensus 30c
Subscribe for More Information
08:07 EDTTTSTile Shop reports Q4 EPS 3c, consensus 4c
Reports Q4 revenue $63.3M, consensus $64.68M. Reports Q4 SSS flat.
1 | 2 | 3 | all recent news | >>

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