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Stock Market & Financial Investment News

News Breaks
May 21, 2014
10:22 EDTSIG, TIF, JWN, COH, NILE, KORSTiffany advances after beat and raise quarter
Shares of luxury retailer Tiffany (TIF) are climbing after the company reported significantly stronger than expected results and raised its full-year profit guidance. WHAT'S NEW: Tiffany reported first quarter earnings per share of 97c, well above analysts' consensus outlook of 78c. The company's Q1 revenue came in at $1B, versus the consensus outlook of $955M. The retailer said that its comparable sales jumped 9% last quarter, compared with the same period a year earlier. Meanwhile, Tiffany increased its fiscal 2014 EPS guidance to $4.15-$4.25 from $4.05-$4.15, bringing its outlook in-line with the consensus estimate of $4.17. The retailer said it expects its gross margin to rise this year. Tiffany warned, however, that it is difficult to extrapolate full-year results based on its Q1 earnings, since Q1 is historically the weakest quarter of the year. OTHERS TO WATCH: Other high end retailers include Signet Jewlers (SIG), Blue Nile (NILE), Nordstrom (JWN), Michael Kors (KORS), and Coach (COH). PRICE ACTION: In early trading, Tiffany rose $8.16, or 9.25% to $96.39.
News For TIF;KORS;COH;SIG;NILE;JWN From The Last 14 Days
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June 30, 2015
09:13 EDTCOH, KORSCowen lowers handbag estimates, calls Kate Spade favorite name in space
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June 25, 2015
06:57 EDTSIGSignet Jewelers weakness a buying opportunity, says Nomura
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05:44 EDTSIGSignet Jewelers pullback a buying opportunity, says Nomura
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June 24, 2015
08:54 EDTSIGSignet Jewelers repeats Q2 adjusted EPS view $1.11-$1.16, consensus $1.15
Sees Q2 SSS up 2%-3%. Sees FY16 CapEx $275M-$325M, effective tax rate 28%-29%, net selling square footage growth 2%-3%. Says company's biggest opportunities for market share remain in the U.s. Sees $150M-$175M in cumulative 3-year operating profit synergies by end of January 2018. Says majority of synergies will be achieved by Zale division. By end of FY18, says Zale division expected to be at 9% operating margin. Says synergies alone will help achieve medium-term operating margin milestone. Comments from slides that will be presented at the company's Institutional Investor Conference.
June 23, 2015
10:37 EDTTIFTiffany sees 'minimal growth' in FY EPS, consensus $4.23
Says plans to increase global square footage 4%-5% annually for the foreseeable future. Sees ability to generate "healthy" free cash flow. Sees demand for products "consistent" with past trends. Says branded jewelry continues to be attractive globally. Says tourism purchases in the U.S. are "definitely down," but seeing pickups in other markets around the world. Comments made by CFO Ralph Nicoletti at the Jefferies 2015 Global Consumer Conference. Tiffany & Co is up 0.9% to $94.06 in morning trading.
05:59 EDTKORSStocks with implied volatility below IV index mean; DE KORS
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