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Stock Market & Financial Investment News

News Breaks
March 6, 2014
11:26 EDTODP, SPLSStaples plunges to 52 week low on weak results, store closure plan
Shares of office products retailer Staples (SPLS) are sinking after the company's fourth quarter results and first quarter guidance trailed expectations. The company also announced it will no longer provide annual sales or EPS guidance. WHAT'S NEW: This morning, Staples reported Q4 adjusted earnings per share of 33c and revenue of $5.87B, compared to expectations of 39c and $5.97B, respectively. The company forecast Q1 EPS of 17c-22c, significantly trailing expectations of 27c. Staples also said it Q1 sales are expected to decrease compared to the prior year. WHAT'S NOTABLE: Staples initiated a multi-year cost savings plan which is expected to generate annualized pre-tax cost savings of approximately $500M by the end of 2015. The savings are expected to come from supply chain, retail store closures and labor optimization, non-product related costs, IT hardware and services, marketing, sales force, and customer service. The company said it expects to close up to 225 stores in North America by the end of 2015. ANALYST REACTION: Following the quarterly report, research firm Janney Capital downgraded Staples to Neutral from Buy. PRICE ACTION: In late morning trading, Staples fell $2.06, or about 15.4%, to $11.33 on nearly five times its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week low of $11.16. Including today's slide, the stock has lost about 8% over the past twelve months. OTHERS TO WATCH: Staples main competitor, Office Depot (ODP), was down about 4% on the session.
News For SPLS;ODP From The Last 14 Days
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November 24, 2014
12:31 EDTSPLSMakerBot, Staples in pact to sell MakerBot 3D products
MakerBot, a subsidiary of Stratasys (SSYS), and Staples (SPLS) announced that MakerBot Replicator 3D Printers and MakerBot Digitizer Desktop 3D Scanners are now available in 50 select Staples retail stores across 18 states. MakerBot is Staplesí exclusive provider in-store of 3D printing hardware, with premium in-store experiences to showcase the entire MakerBot 3D Ecosystem. This partnership makes Staples the exclusive office supply company to offer MakerBot 3D printing and scanning products in the store.
10:32 EDTSPLSOptions with decreasing implied volatility
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November 21, 2014
10:26 EDTSPLSOptions with decreasing implied volatility
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November 20, 2014
10:35 EDTSPLSOptions with decreasing implied volatility
Options with decreasing implied volatility: DKS SPLS WB GMCR VRX HTZ WSM VIPS BBY AMAT
November 19, 2014
12:46 EDTSPLSOn The Fly: Midday Wrap
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11:56 EDTODP, SPLSStaples rallies after Q3 results beat estimates
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10:25 EDTSPLSOptions with decreasing implied volatility
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09:16 EDTSPLSOn The Fly: Pre-market Movers
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07:47 EDTSPLSStaples sees closing up to 225 North American stores by end 2015
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07:44 EDTSPLSStaples says 'reasonably possible' may incur losses due to data breach
Staples stated in its regulatory filing related to its quarter results: "The company is currently in the process of investigating a data security incident involving an intrusion into certain of the company's retail point of sale and computer systems. The company has taken steps to address the intrusion and believe that we have identified and eradicated the malware used in the intrusion. The company is working with law enforcement and is continuing to investigate the nature and scope of the incident, including whether and to what extent retail transaction data may have been compromised. It is reasonably possible that the company may incur losses in connection with the incident; however, the company is still in the early stages of the investigation and at this time the company is unable to reasonably estimate the amount of any losses or the amount of expenses the company will incur in addressing this incident. The company maintains network-security insurance coverage, which the company expects would help mitigate any material financial impact."
06:23 EDTSPLSStaples up 2% after reporting Q3 results
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06:09 EDTSPLSStaples sees Q4 EPS 27c-32c, consensus 31c
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06:09 EDTSPLSStaples reports Q3 EPS 37c, consensus 36c
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05:58 EDTSPLSStocks with implied volatility above IV index mean; BBY SPLS
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November 18, 2014
15:21 EDTSPLSNotable companies reporting before tomorrow's open
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15:17 EDTSPLSStaples technical comments ahead of earnings
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14:46 EDTSPLSStaples November volatility elevated into Q3 and outlook
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November 17, 2014
10:02 EDTODPOn The Fly: Analyst Downgrade Summary
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06:21 EDTODPOffice Depot downgraded to Neutral from Buy at Goldman
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November 14, 2014
06:22 EDTSPLSStocks with implied volatility above IV index mean; SPLS SINA
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