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Stock Market & Financial Investment News

News For MRVL;KORS;COH;RIMM;GOL;MED;AEO From The Last 14 Days
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October 24, 2014
12:21 EDTAEOAbercrombie & Fitch retreats after Goldman cuts to Sell
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10:03 EDTAEOOn The Fly: Analyst Downgrade Summary
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07:35 EDTGOLGol Linhas volatility elevated into Brazil elections
Gol Linhas overall option implied volatility of 65 is above its 26-week average 52 according to Track Data, suggesting large price movement.
07:31 EDTGOLGol Linhas volatility elevated into Brazil elections
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06:40 EDTAEOAmerican Eagle downgraded to Neutral from Buy at Goldman
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October 23, 2014
07:24 EDTGOLGOL Linhas reports Q3 domestic load factor 78.3%
GOL Linhas reported Q3 domestic load factor totaled 78.3%. The load factor growth more than offset the slight reduction in yield over 3Q13, led to year-over-year PRASK growth of 9.1% in the quarter. Fares in the quarter accompanied Brazil's challenging economic activity scenario. Domestic supply had 4.2% cut in 3Q14, in line with the company's 2014 guidance of an annual reduction between -3% and -1%. Domestic demand increased by 6.8% in the quarter. GOL captured 55% of the industry's demand growth in 2014. International market demand climbed by 30.3% in Q3.
October 22, 2014
10:03 EDTMRVLThe Linley Group to hold a conference
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October 21, 2014
10:00 EDTAEOOn The Fly: Analyst Initiation Summary
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06:06 EDTAEOAmerican Eagle initiated with an Outperform at BlueFin
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October 20, 2014
13:10 EDTKORSSteve Madden tumbles after providing preliminary Q3 results, FY14 outlook
Shares of shoe and accessory company Steve Madden (SHOO) are tumbling after the company announced preliminary third quarter results that were below analysts' consensus along with a reduction to its fiscal year 2014 outlook. WHAT'S NEW: Steve Madden announced that it is anticipating Q3 earnings per share to be approximately 61c-62c and net sales of $392M, below analysts' consensus estimates of 67c and $415.72M, respectively. The company noted that retail comparable store sales for the quarter are anticipated to be down 7.4%. Steve Madden also reduced its FY14 EPS outlook to $1.81-$1.86 from $2.00-$2.10, well below analysts' $2.02 consensus. The company lowered its net sales projection for the year, and now sees net sales up 1%-2% over fiscal year 2013 versus its previous net sales guidance for up 2%-4% over FY13. The new guidance factors in the recent acquisition of Dolce Vita and current expectations for remainder of the year. On August 14, Steve madden acquired Dolce Vita for $60.3M in cash and previously said the deal would be accretive to earnings in FY14 by 2c-3c and be "modestly accretive" in FY15. WHAT'S NOTABLE: Steve Madden's Chief Executive Officer Edward Rosenfeld said that the company's Q3 earnings were "disappointing" and were the result of weaker than expected retail segment performance. He believes that retail trends in the footwear space will continue to be difficult through the fourth quarter due to a lack of noteworthy fashion trends in the industry. The CEO said that the company's full-year guidance results from this pattern, along with a lowered reorder outlook in its wholesale segment. Rosenfeld is still confident, however, in the company's business model and believes that its acquisitions of Dolce Vita and its Mexican licensee will fuel the business forward over the long term. OTHERS TO WATCH: Competitors of Steve Madden include Michael Kors (KORS), Coach (COH), Kate Spade (KATE), and Vera Bradley. PRICE ACTION: During afternoon trading, shares of Steve Madden fell $2.62 or 8.2%, to $29.32. Over the last twelve months, the stock has fallen over 15%.
October 17, 2014
10:43 EDTAEOUrban Outfitters slumps after warning on continued retail sales weakness
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October 16, 2014
17:10 EDTAEOAbercrombie & Fitch, American Eagle lower after Urban Outfitters warns on sales
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October 14, 2014
05:48 EDTKORSMichael Kors initiated with a Hold at Stifel
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October 10, 2014
10:09 EDTMRVLMarvell management to meet with JPMorgan
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