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Stock Market & Financial Investment News

News Breaks
March 4, 2013
12:43 EDTSCSSSelect Comfort downgraded to Neutral from Buy at Longbow
Longbow downgraded Select Comfort citing the Q1 pre-announcement.
News For SCSS From The Last 14 Days
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February 12, 2016
09:24 EDTSCSSOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Groupon (GRPN), down 19.6%... USA Technologies (USAT), up 7.1%... Wynn Resorts (WYNN), up 3.9%. ALSO HIGHER: Square (SQ), up 15.8% after Visa (V) disclosed 9.99% stake in the company... Suncor Energy (SU), up 4.5% after being upgraded to Buy from Neutral at Citi... JPMorgan (JPM), up 4.9% after CEO Jamie Dimon buys 500,000 shares of common stock... Sunedison (SUNE), up 4.4% after the Wall Street Journal reported that a judge issued a temporary restraining order barring SunEdison and affiliate Terraform Power (TERP) from unusual asset moves. DOWN AFTER EARNINGS: Cyberark (CYBR), down 11.5%... Select Comfort (SCSS), down 17.7%... Zillow (Z), down 4.9%... Qlik Technologies (QLIK), down 7.5%... Activision Blizzard (ATVI), down 6.1%.
February 11, 2016
16:16 EDTSCSSSelect Comfort says ERP transition caused delays, delivery reschedulings
"The transition from our 20-year-old legacy systems to a fully integrated ERP platform has been more challenging with far greater customer and financial impacts than we anticipated. Many of our customers endured delays and delivery reschedules as we ramped up the new system. We have made major progress resolving technical and operational issues. Plants have increased production levels ahead of current demand and operational and customer service levels have significantly improved," the company said.
16:15 EDTSCSSSelect Comfort sees FY16 EPS with items $1.25-$1.45, consensus $1.57
EPS figure includes 25c-30c negative impact related to ERP transition, largely impacting Q1, including sales impact of $40M-$50M. Sees FY16 sales growth in low teens, with low-single digit growth in 1H, followed by stronger growth in back-half of year.
16:13 EDTSCSSSelect Comfort reports Q4 EPS with items (42c), consensus (5c)
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