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.
July 31, 2015
14:08 EDTLLLumber Liquidators volatility elevated into Q2 and outlook
Lumber Liquidators August weekly call option implied volatility is at 124, August is at 79, September is at 69; compared to its 52-week range of 37 to 141, suggesting large near term price movement into the expected release of Q2 results on August 5.
July 28, 2015
14:55 EDTHDEarnings Watch: MasterCard reports after peers warn of currency headwinds
Subscribe for More Information
July 23, 2015
19:24 EDTLOWWal-Mart's Apple Pay competitor launching soon, Bloomberg says
CurrentC, the mobile payment application funded by Wal-Mart (WMT), Target (TGT), Best Buy (BBY) and others, will see an early trial run next month, Bloomberg reported earlier, citing three people familiar with the situation. A spokesperson for Lowe's (LOW) said the consortium behind the app expects an official launch in Q3, and Bloomberg noted that CurrentC will compete with more "established" offerings such as Apple's (AAPL) Apple Pay and Google's (GOOG) Android Pay. Reference Link
July 22, 2015
14:37 EDTHD, LOWHome improvement stocks rally after Owens Corning results, home sales data
Subscribe for More Information
08:21 EDTHDHome Depot agrees to acquire Interline Brands for $1.63B
Subscribe for More Information
July 21, 2015
08:09 EDTTTSTile Shop raises FY15 adjusted EPS view to 28c-33c from 27c-33c
Consensus 31c. Tile Shop raises FY15 revenue view to $280M-$290M from $275M-$290M, consensus $285.64M. Gross Margin percentage of net sales is seen at approximately 69%. The updated guidance is based on past performance, anticipated new store openings and current economic conditions.
08:07 EDTTTSTile Shop reports Q2 adjusted EPS 9c, consensus 9c
Subscribe for More Information
July 20, 2015
06:49 EDTLOW, HDDeutsche goes below consensus on Home Depot, Lowe's
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