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Stock Market & Financial Investment News

News Breaks
March 28, 2014
10:56 EDTRH, WSM, PIRRestoration Hardware rallies after profit outlook tops estimates
Shares of home furnishing retailer Restoration Hardware (RH) are soaring after the company’s first quarter profit view beat estimates. WHAT'S NEW: Last night, Restoration Hardware reported fourth quarter adjusted earnings per share of 83c and revenue of $471.7M, against consensus views of 83c and $493.09M, respectively. Q4 same store sales increased 17%. WHAT’S NOTABLE: The company forecast Q1 adjusted EPS of 9c-11c, topping estimates of 7c. Q1 revenue was seen at $345M-$350M, compared to consensus of $350.11M. For fiscal 2014, Restoration Hardware said it sees adjusted EPS of $2.14-$2.22, versus consensus of $2.17, while FY14 revenue is expected to be $1.83B-$1.86B, compared to consensus $1.89B. On December 12, 2013, the company had guided FY14 EPS to $1.71-$1.74 and FY14 revenue to $1.57B-$1.58B. On its Q4 conference call, the company forecast long-term adjusted earnings growth in the mid-to-high 20s, long-term adjusted EBITDA growth in the high 20s, and long-term revenue growth in the low 20s. The company hired a new Chief Development Officer, Doug Diemoz. ANALYST REACTION: This morning, Goldman Sachs maintained a Neutral rating on the shares, but raised its 12-month price target to $74 from $72. Goldman cited an improving sales backdrop and better incremental margins. PRICE ACTION: In early morning trading, Restoration Hardware rose $7.61, or 11.9%, to $71.42 on more than three times its average daily trading volume. Including today’s rise, the stock has gained over 100% over the past twelve months. OTHERS TO WATCH: Others in the home furnishing industry include Pier 1 Imports (PIR) and Williams-Sonoma (WSM).
News For RH;PIR;WSM From The Last 14 Days
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May 22, 2015
10:09 EDTWSMOptions with decreasing implied volatility
Options with decreasing implied volatility: SRPT BLUE OCR ADRX CRM TTWO YOKU CSC AEO WSM
May 21, 2015
09:28 EDTWSMOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Quality Systems (QSII), up 9.5%... Trina Solar (TSL), up 7.1%... Best Buy (BBY), up 7.5%... Kirkland's (KIRK), up 4.3% after reporting quarterly results, guidance, and announcing a $1.50 per share special dividend... Williams-Sonoma (WSM), up 3.8%... salesforce.com (CRM), up 4.8%... Youku Tudou (YOKU), up 1.2%. ALSO HIGHER: CTPartners (CTP), up 30.7% after agreeing to exclusive negotiations to be acquired by DHR International... Omnicare (OCR), up 1.3% after CVS Health (CVS) agrees to acquire the company for $98.00 per share, CVS Health is up 1%... Telenav (TNAV), up 3.3% after being initiated with an Outperform at Northland. DOWN AFTER EARNINGS: NetApp (NTAP), down 11.7%... Rexnord (RXN), down 9.9%... Dollar Tree (DLTR), down 2%. ALSO LOWER: Wave Systems (WAVX), down 22.9% after 7.3M share Spot Secondary priced at 65c... Lumber Liquidators (LL), down 16.5% after CEO resigns... Dicerna Pharmaceuticals (DRNA), down 5.8% after 2.75M share Secondary priced at $17.75.
09:03 EDTWSMOptions expected to be active
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May 20, 2015
19:02 EDTWSMOn The Fly: After Hours Movers
UP AFTER EARNINGS: salesforce.com (CRM), up 6.6%... Williams-Sonoma (WSM), up 4%. ALSO HIGHER: CTPartners (CTP), up 42% after agreeing to exclusive negotiations to be acquired by DHR International. DOWN AFTER EARNINGS: Xunlei (XNET), down 14.9%... NetApp (NTAP), down 8%... Open Text (OTEX), down 7.7%.... Rexnord (RXN), down 7.1%... Synopsys (SNPS), down 1.5%... Youku Tudou (YOKU), down 1.2%. ALSO LOWER: Wave Systems (WAVX), down 8.5% after filing to sell Class A common stock and warrants... OXiGENE (OXGN), down 5.1% after filing mixed securities shelf.
16:15 EDTWSMWilliams-Sonoma sees FY15 EPS $3.35-$3.45, consensus $3.46
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16:13 EDTWSMWilliams-Sonoma sees Q2 EPS 53c-57c, consensus 59c
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16:11 EDTWSMWilliams-Sonoma reports Q1 EPS 48c, consensus 45c
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15:00 EDTWSMNotable companies reporting after market close
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14:31 EDTWSMWilliams-Sonoma technical commentary ahead of earnings
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May 19, 2015
15:35 EDTWSMWilliams-Sonoma June 77.5 straddle priced for 7.6% movement into Q1
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07:06 EDTWSMWilliams-Sonoma June volatility increases into Q1 and outlook
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May 18, 2015
08:33 EDTRHRestoration Hardware names Sanchak as Chief Real Estate & Development Officer
Restoration Hardware announced that David Stanchak has joined the Company as Chief Real Estate and Development Officer, effective immediately. In this newly created position, Stanchak will be leading the transformation of RH’s current legacy galleries into next generation Design Galleries, with responsibility for the company’s real estate and store development efforts. Stanchak will report to RH’s Chairman and CEO, Gary Friedman, and serve as a member of the company’s Executive Leadership team.

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