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Stock Market & Financial Investment News

News Breaks
December 10, 2012
18:49 EDTMLNK, CYS, HUSA, OCLR, HTZ, PPHM, URBNOn The Fly: After Hours Movers
HIGHER: Urban Outfitters (URBN), up 7% after the company's 10-Q filing outlined expansion plans, positive Q4 SSS... Oclaro (OCLR), up 3% after announcing preliminary merger litigation settlement... CYS Investments (CYS), up 2% after announcing 52c per share special dividend... DOWN AFTER EARNINGS: Peregrine Pharmaceuticals (PPHM), down 3%... ALSO LOWER: Houston American Energy (HUSA), down 53% after abandoning the Zorro Gris #1 well... ModusLink (MLNK), down 5% after announcing it would delay the filing of its 10-Q... Hertz Global (HTZ), down 3% after announcing the sale of 50M shares of common stock by holders.
News For URBN;OCLR;CYS;PPHM;HUSA;MLNK;HTZ From The Last 14 Days
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August 26, 2015
11:01 EDTURBNAbercrombie & Fitch surges after posting surprise Q2 profit
Abercrombie & Fitch spiked in early trading after the clothing retailer posted second quarter profit and revenue that exceeded analysts' expectations. WHAT'S NEW: Abercrombie & Fitch reported Q2 earnings per share of 12c, excluding items, on revenue of $817.8M, beating analysts' consensus estimates of a loss per share of (4c) and $811.46M, respectively. Including items, EPS was (1c). Abercrombie said the quarter included a comparable sales decrease of 4% and an adverse impact from changes in foreign currency exchange rates of about 5%. For the quarter, SSS declined 7% at the Abercrombie brand and 1% at Hollister. Executive Chairman Arthur Martinez commented that the quarterly results exceeded what the retailer signaled on its first quarter earnings call and said he is confident "that we are on the right track, although we recognize that we still have much to achieve." Looking ahead, Abercrombie & Fitch sees SSS trends improving in the second half of 2015, skewed towards the fourth quarter. The company expects continued headwinds from foreign currency exchange rates, a gross margin rate approximately flat to last year and flat operating expense compared to last year. Additionally, Abercrombie said it plans to open 15 full-price stores this fiscal year, in markets including China and Japan, and will close about 60 stores in the U.S. during the year. WHAT'S NOTABLE: Abercrombie is in the midst of a massive turnaround and announced the creation of six new positions as it restructures the management of its Abercrombie brand. The move is part of an effort to organize executives by brand rather than product after announcing last year that it would move away from logos. On its earnings conference call this morning, Abercrombie executives said that the company is "not naive" about the challenges it faces, but believes it is "on the right track" to restoring the business to health. Abercrombie said a new chief executive officer will be appointed "in due time." OTHERS TO WATCH: Abercrombie & Fitch peers include Urban Outfitters (URBN), American Eagle (AEO) and Express (EXPR). PRICE ACTION: Abercrombie & Fitch is up 11.75% in morning trading to $19.30.
09:04 EDTPPHMPeregrine presents bavituximab data showing estimated survival curves at plateau
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August 24, 2015
09:18 EDTPPHMOn The Fly: Pre-market Movers
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05:13 EDTPPHMAstraZeneca to collaborate with Peregrine on cancer immunotherapy clinical trial
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August 21, 2015
10:32 EDTURBNOptions with decreasing implied volatility
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August 20, 2015
10:28 EDTURBNOptions with decreasing implied volatility
Options with decreasing implied volatility: KING JCP URBN DKS JWN HIG ADI DAR LOW TJX

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