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Stock Market & Financial Investment News

News Breaks
December 10, 2013
11:43 EDTLLLumber Liquidators retreats after profit outlook misses expectations
Shares of hardwood flooring retailer Lumber Liquidators (LL) are falling after the company provided lower than expected fourth quarter profit guidance. The midpoint of the company's 2014 profit guidance was also below analysts' consensus expectation. WHAT'S NEW: Lumber Liquidators' fourth quarter earnings per share guidance was 69c-72c, versus the consensus estimate of 73c. The company's fourth quarter revenue outlook was in-line with analysts' expectations. For 2014, Lumber Liquidators predicted that its earnings per share would be $3.25-$3.60, versus the consensus estimate of $3.50. The retailer's 2014 revenue guidance was in-line with expectations, and it anticipates that its comparable store sales will rise in the high single to low double digit percentage range in 2014. ANALYST REACTION: In a note to investors, Wedbush analyst Seth Basham wrote that the company's sales trends are stronger than expected, but added that its margins are "a bit light." Nonetheless, after speaking to an Asian hardwood flooring import expert yesterday, Basham believes the company's gross margin outlook in 2014 is still strong. The analyst has a $125 price target and Outperform rating on the stock. PRICE ACTION: In late morning trading, Lumber Liquidators dropped $8.82, or 8.5%, to $94.98.
News For LL From The Last 14 Days
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April 23, 2014
10:01 EDTLLOn The Fly: Analyst Upgrade Summary
A.O. Smith (AOS) upgraded at BMO Capital... Agnico-Eagle (AEM) upgraded to Outperform from Sector Perform at RBC Capital... Allergan (AGN) upgraded to Overweight from Neutral at JPMorgan... Cabot Oil & Gas (COG) upgraded to Buy from Hold at Societe Generale... Cree (CREE) upgraded to Buy from Hold at Summit Research... E-Trade (ETFC) upgraded to Outperform from Market Perform at Wells Fargo... Equifax (EFX) upgraded at Credit Suisse... Fluidigm (FLDM) upgraded to Buy from Neutral at Mizuho... GlaxoSmithKline (GSK) upgraded to Buy from Hold at Argus... GulfMark Offshore (GLF) upgraded to Buy from Neutral at Global Hunter... Hanmi Financial (HAFC) upgraded to Outperform from Market Perform at Fig Partners... Illumina (ILMN) upgraded to Buy from Hold at Maxim... Lumber Liquidators (LL) upgraded to Buy from Neutral at Longbow... Medidata Solutions (MDSO) upgraded to Buy from Neutral at B. Riley... Prologis (PLD) upgraded to Buy from Neutral at ISI Group... Sanmina (SANM) upgraded to Buy from Hold at Craig-Hallum... SunPower (SPWR) upgraded to Buy from Hold at Deutsche Bank... TECO Energy (TE) upgraded to Neutral from Sell at UBS... Torchmark (TMK) assumed with a Market Perform from Underperform at Keefe Bruyette... Valeant (VRX) upgraded to Buy from Hold at TD Securities... Vitamin Shoppe (VSI) upgraded at Sterne Agee... Wolseley (WOSYY) upgraded to Outperform from Neutral at Credit Suisse... athenahealth (ATHN) upgraded to Overweight from Equal Weight at Morgan Stanley.
05:56 EDTLLLumber Liquidators upgraded to Buy from Neutral at Longbow
Longbow upgraded Lumber Liquidators due to valuation.

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