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Stock Market & Financial Investment News

News Breaks
March 6, 2014
06:04 EDTSPLSStaples sees Q1 EPS 17c-22c, consensus 27c
Expects sales decrease compared to last year, revenue consensus of $5.74B; This guidance does not reflect any potential impact on sales or earnings per share related to 2014 restructuring activities. The company also expects to generate more than $600 million of free cash flow for the full year 2014, which reflects cash payments related to previously announced restructuring activities and the company’s consideration of the impact from potential 2014 restructuring activities.
News For SPLS From The Last 14 Days
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August 20, 2014
09:07 EDTSPLSOn The Fly: Pre-market Movers
UP AFTER EARNINGS: PetSmart (PETM), up 2,1%... Staples (SPLS), up 2%... E-House (EJ), up 2.5%. HIGHER: Fairchild (FCS), up 4% after Bloomberg says Infineon (IFNNY) is near a deal to buy a U.S. semiconductor company for $2B... Amicus Therapeutics (FOLD), up 18.4% after reporting positive Phase 3 data from the Fabry study. DOWN AFTER EARNINGS: Lowe's (LOW), down 3%... Tarena (TEDU), down 9%... Leju (LEJU), down 4.2%... JA Solar (JASO), down 5%. LOWER: Hertz (HTZ), down 12.7% after downgraded at JPMorgan and Deutsche Bank following the company's decision to withdraw its FY14 guidance... NovaBay (NBY), down 35.2% after primary, secondary endpoints were not met in its NVC-422 study... RGS Energy (RGSE), down 14.9% after downgraded at Roth Capital following Q2 earnings results.
06:06 EDTSPLSStaples expects to record pre-tax restructuring charges of $40M-$75M in Q3
For the full year, the company expects total pre-tax restructuring and other related charges in the range of $230M-$310M. For the full year, the company expects to generate more than $600Mof free cash flow. The company’s free cash flow guidance reflects an expected use of cash in the range of $60M-$100M associated with its 2014 restructuring plan, as well an expected use of cash in the range of $50M-$100M related to its 2012 and 2013 restructuring plans.
06:05 EDTSPLSStaples sees Q3 non-GAAP EPS 34c-39c, consensus 37c
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06:04 EDTSPLSStaples reports Q2 North American Commercial sales up 2.6% to $2.0B
Reports Q2 International Operations sales $941M.
06:04 EDTSPLSStaples reports Q2 SSS excluding Staples.com down 5%
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06:03 EDTSPLSStaples secured $150M of annualized cost savings in year-to-date
The savings is part of a two year plan to eliminate at least $500M of annualized costs. The company closed 80 stores in North America during Q2 and expects to close approximately 140 store sin North America during 2014.
06:01 EDTSPLSStaples reports Q2 non-GAAP EPS 12c, consensus 11c
Reports Q2 revenue $5.22B, consensus $5.16B
August 19, 2014
15:16 EDTSPLSNotable companies reporting before tomorrow's open
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15:06 EDTSPLSStaples technical comments before earnings
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15:01 EDTSPLSStaples September volatility flat into Q2 and guidance
Staples September call option implied volatility is at 32, December is at 30; compared to its 26-week average of 32 according to Track Data, suggesting non-directional price movement into the expected release of Q2 results on August 20.
August 18, 2014
09:28 EDTSPLSCleveland Research remains concerned on Staples
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