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Stock Market & Financial Investment News

News Breaks
August 18, 2014
15:26 EDTURBN, FNNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Urban Outfitters (URBN), consensus 49c; Fabrinet (FN), consensus 35c.
News For URBN;FN From The Last 14 Days
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September 25, 2014
16:51 EDTFNFabrinet files to delay 10-K
Fabrinet announced that it is delaying the filing of its Annual Report on Form 10-K for the year ended June 27. Prior to the completion of Fabrinetís fiscal year 2014 financial results, Fabrinet discovered potential accounting violations with respect to consignment shipments and inventory. Subsequently and as previously disclosed, the Audit Committee of Fabrinetís Board of Directors began conducting an internal investigation concerning various accounting cut-off issues, specifically procedures surrounding consignment revenue and inventory. The investigation identified certain process weaknesses concerning shipments of goods to consignment and the need for certain remedial measures, including (1) process improvements, (2) personnel training regarding revenue recognition policies and inventory management techniques and their relevant accounting considerations, and (3) certain personnel actions. The Audit Committee provided these findings to Fabrinetís management. On September 10, 2014, Fabrinet filed with the SEC a Form 12b-25, Notification of Late Filing, with regard to its Form 10-K. At the time of filing, Fabrinet expected that it would be able to file its Form 10-K within the 15-day extension period provided by the form. However, Fabrinet recently determined that it requires additional time to file its Form 10-K because it is currently evaluating and discussing with its auditors its accounting practices concerning consignment goods. Fabrinet expects to file its Form 10-K by next week.
September 24, 2014
08:33 EDTURBNUrban Outfitters buy on recent weakness, says Mizuho
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06:40 EDTURBNUrban Outfitters targets doubling revenue by 2020
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September 19, 2014
10:06 EDTURBNOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Abtech Holdings (ABHD) initiated with a Buy at Chardan... Alibaba (BABA) initiated with a Buy at ... Cherokee (CHKE) initiated with a Buy at Brean Capital... Columbia Property Trust (CXP) initiated with a Sell at Goldman... Emerge Energy (EMES) initiated with a Buy at Goldman... GrubHub (GRUB) initiated with a Buy at BofA/Merrill... Iconix Brand (ICON) initiated with a Hold at Brean Capital... Ideal Power (IPWR) initiated with a Buy at Roth Capital... NorthStar Asset Management (NSAM) initiated with a Hold at MLV & Co.... Restoration Hardware (RH) initiated with a Buy at CRT Capital... Sequential Brands (SQBG) initiated with a Buy at Brean Capital... Sprouts Farmers Markets (SFM) initiated with an Overweight at Barclays... Urban Outfitters (URBN) initiated with a Neutral at Buckingham... Williams-Sonoma (WSM) initiated with a Fair Value at CRT Capital... Xcel Brands (XELB) initiated with a Buy at Brean Capital.
07:27 EDTURBNUrban Outfitters initiated with a Neutral at Buckingham
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September 16, 2014
08:01 EDTURBNUrban Outfitters September volatility elevated at 29
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