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Stock Market & Financial Investment News

News Breaks
January 17, 2014
07:30 EDTRDENElizabeth Arden volatility may increase on preliminary Q2 below expectations
Elizabeth Arden option volatility may pick up on preliminary Q2 results below analyst expectations. Overall option implied volatility of 49 is above its 26-week average of 37 according to Track Data, suggesting large price movement.
News For RDEN From The Last 14 Days
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August 27, 2014
12:20 EDTRDENElizabeth Arden to evaluate tender offer by affiliates of Rhône Capital
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August 26, 2014
07:25 EDTRDENRhone Capital to commence tender offer for up to 20% of Elizabeth Arden stock
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August 22, 2014
15:37 EDTRDENRhône Capital reports 7.6% stake in Elizabeth Arden
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August 19, 2014
13:16 EDTRDENFollow-up: Elizabeth Arden downgraded at SunTrust
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13:01 EDTRDENElizabeth Arden downgraded to Neutral from Buy at SunTrust
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12:42 EDTRDENOn The Fly: Midday Wrap
The market opened higher as it extended its gains from yesterday. Better than expected economic data on housing and consumer prices, as well as easing geopolitical tensions, has helped aid investor optimism. The market drifted higher throughout the morning with the Dow leading the way, followed by the Nasdaq, which is now near fourteen-year highs. The S&P is mostly higher, with the telecom services group being the lone sector showing losses, down just fractionally. ECONOMIC EVENTS: Housing starts for July rose to an annualized pace of 1.093M units, up from 0.945M units in June, and beating expectations for 0.963M units... The Consumer Price Index increased 0.1% overall, matching expectations. Less food and energy, the CPI was up 0.1%, which was also in-line with the consensus forecast. COMPANY NEWS: Shares of home improvement retailer The Home Depot (HD) are up more than 6% after the company posted better than expected second quarter results and raised its full year profit outlook... Shares of Sprint (S) are down 4% after Jefferies lowered its price target for Sprint shares to $4, saying it continues to see downside to estimates. MAJOR MOVERS: Shares of Skilled Healthcare (SKH) are up more than 20% after combining with Genesis HealthCare In 100% stock deal... Shares of cosmetics and fragrance company Elizabeth Arden (RDEN) are down 24% after the company's fourth quarter results came in well below analysts' consensus estimates. INDEXES: Near midday, the Dow was up 76.92, or 0.46%, to 16,915.66, the Nasdaq was up 12.96, or 0.29%, to 4,521.27, and the S&P 500 was up 8.49, or 0.43%, to 1,980.23.
10:39 EDTRDENElizabeth Arden tumbles 24% after Q4 earnings analysts' estimates
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09:07 EDTRDENOn The Fly: Pre-market Movers
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07:17 EDTRDENElizabeth Arden says Rhone entered into standstill agreement
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07:16 EDTRDENElizabeth Arden reports Q4 adj. EPS ($1.04), may not compare to consensus (34c)
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07:16 EDTRDENElizabeth Arden: 1Q15 will be challenged by factors affecting recent quarters
Fiscal 2015 will be focused on stabilizing the business and will be the first year of a multi-year plan to rebuild profitability. The Company expects a modest improvement in adjusted earnings for fiscal 2015 over the prior year with continued improvement in fiscal 2016. Specifically, for fiscal 2015, the Company currently expects the following: The first quarter of fiscal 2015 will continue to be challenged by the same factors that affected recent quarters; Net sales headwinds to continue for the first half of fiscal 2015, resulting primarily from a lower level of product innovation as compared to the first half of the prior fiscal year; Net sales increases in the second half of the fiscal year versus the prior year period as the year-over-year product launch comparisons moderate and the Company begins to realize the impact of improved pricing; Gross margin expansion due to improved pricing, better mix, lower discounts and realization of reduced supply chain and product costs; Lower overall selling, general and administrative expenses, with some reinvestment of 2014 Improvement Plan savings to drive future growth; Improved EBITDA margins from gross margin expansion and lower selling, general and administrative expenses; Stronger cash flow from operations as a result of higher earnings and lower investment in inventory.

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