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Stock Market & Financial Investment News

News Breaks
June 5, 2014
13:17 EDTKORS, COH, SHOO, M, KATE, VRAVera Bradley sinks after weak Q1 revenue reflects 'difficult' enviornment
Shares of women's accessory company Vera Bradley (VRA) declined after reporting weak first quarter revenue which reflected a harsh environment over the quarter. WHAT'S NEW: Vera Bradley's Q1 EPS was 16c, which was higher than analyst's consensus of 13c. The company's Q1 revenue as $113.5M, which was below expectations. The accessory company said despite a higher than anticipated Q1 EPS result, it continues to face a difficult environment, one that is proving much more challenging than it foresaw two short months ago. Vera Bradley cited the sales miss to guidance primarily being due to lower than expected orders from the company's Indirect specialty retail partners, weaker than expected comparable store sales performance in the company's retail stores, and a shortfall at the company's annual outlet sale. Vera Bradley expects Q2 EPS to be 18c-20c which is lower than the consensus analyst forecast of 30c. The company foresees Q2 revenue to be $113M-$120M which is lower than the $127.48M that analyst predict. Vera Bradley anticipates FY15 EPS from continuing operations to be in the range of $1.00-$1.10 while analyst consensus guide higher to $1.26. The company expects FY14 revenue to range between $510M-$530M which is lower than expectations of $553.69M. The accessory company announced today that it's products will be sold at select Macy's (M) locations by mid-July. WHAT'S NOTABLE: During the company's Q1 earnings conference call, Vera Bradley said that the short term will remain challenging and it will take time for marketing plans to take hold. The company expects to incur pre-tax charges related to the exit from Japan during Q3 of approximately $2M, or 3c per share. FY15 direct segment comps are expected to be down in the mid single digits and the company says its still identifying cost reductions. Vera Bradley expects to cut costs in manufacturing and sourcing but aims to open seven outlets this year. OTHERS TO WATCH: Competitors in the accessory industry include Michael Kors (KORS), Coach (COH), Kate Spade (KATE), and Steven Madden (SHOO). PRICE ACTION: During afternoon trading, shares of Vera Bradley fell 98c, or 3.88%, to $24.27.
News For VRA;M;COH;KATE;SHOO;KORS From The Last 14 Days
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February 2, 2016
11:39 EDTKORSOptions with increasing call volume; FDC IMOS WEN IDTI HS GPR KORS HRS PNRA R CX
10:12 EDTKORSOptions with decreasing implied volatility
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09:46 EDTKORSMichael Kors downgraded to Hold from Buy at Standpoint Research
09:28 EDTKORSOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Michael Kors (KORS), up 17.3%... Mattel (MAT), up 6.9%... Mallinckrodt (MNK), up 4.3%... Alphabet (GOOGL), up 5%... Dow Chemical (DOW), up 3%... UPS (UPS), up 2.3%. ALSO HIGHER: Netflix (NFLX), up 1.1% after being upgraded to Overweight from Neutral at Piper Jaffray... Hansen Medical (HNSN), up 18.8% after announcing FDA clearance of Magellan Robotic Catheter eKit. DOWN AFTER EARNINGS: Integrated Device (IDTI), down 20%... BP (BP), down 8.5%... Royal Caribbean (RCL), down 7%... Waddell & Reed (WDR), down 5.5%... Archer Daniels Midland (ADM), down 5.5%. ALSO LOWER: Twitter (TWTR), down after being downgraded to Sell from Hold at Stifel... American Campus (ACC), down 1.1% after 15.6M share Spot Secondary priced at $41.25... Horsehead (ZINC), down 47.6% after filing for Chapter 11 protection in Delaware.
09:22 EDTKORSMichael Kors gaps sharply higher
The stock was last at $47.17 in the pre-market, up over 16.4%. At that price next resistance is at $47.92. Support is at $44.91.
08:47 EDTKORSMichael Kors says footwear seeing 'huge lift' in e-commerce performance
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08:32 EDTKORSMichael Kors says mobile traffic to site 'keeps accelerating every single month'
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08:29 EDTKORSMichael Kors sees foreign currency impacting Q4 EPS by approx. 2c per share
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06:59 EDTKORSMichael Kors sees FY16 EPS $4.38-$4.42, consensus $4.33
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06:57 EDTKORSMichael Kors sees Q4 EPS 93c-97c, consensus $1.00
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06:56 EDTKORSMichael Kors reports Q3 EPS $1.59, consensus $1.46
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February 1, 2016
16:17 EDTMPVH, G-III Apparel announce license agreement for Tommy Hilfiger womenswear
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14:32 EDTKORSNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Exxon Mobil (XOM), consensus 64c... Pfizer (PFE), consensus 52c... United Parcel Service (UPS), consensus $1.42... Dow Chemical (DOW), consensus 70c... Emerson Electric (EMR), consensus 51c... Archer-Daniels-Midland (ADM), consensus 66c... Baxter (BAX), consensus 32c... Sirius XM (SIRI), consensus 3c... Royal Caribbean Cruises (RCL), consensus 92c... Ally Financial (ALLY), consensus 51c... Michael Kors (KORS), consensus $1.46... ADT Corp. (ADT), consensus 46c.
14:05 EDTMMacy's announces senior executive changes amid 'evolving' consumer preferences
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13:41 EDTKORSMichael Kors February weekly 40.5 straddle priced for 9.3% movement into Q3
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12:41 EDTKORSEarnings Watch: Analyst urges 'another look' at Michael Kors ahead of Q3 report
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11:42 EDTKORSStocks with call strike movement; YHOO KORS
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10:15 EDTCOHOptions with decreasing implied volatility
Options with decreasing implied volatility: INVN SWFT SNDK AMZN NOW COH VMW CTXS STX
08:09 EDTKORSOptions expected to be active
Options expected to be active: GOOGL GOOG YHOO UPS KORS UPS BAX RCL CCL PFE AET D STR DWA CMG ABT SYK.
07:28 EDTKORSJefferies tells investors to take another look at Michael Kors
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