Equity research firm, Oppenheimer downgraded Dick’s Sporting Goods (NYSE: DKS) to a “market-perform” from a “outperform”, citing continuation of weak sales trend and certain “acute products issues” which the company will have to pay attention to. The price target on the stock was slashed to $44 from $56. Earlier on Wednesday, Deutsche Bank reiterated a [...]
Specialty retailer for women’s apparels and accessories, Ann Inc. (NYSE: ANN) said on Friday that fiscal second quarter profit rose 16%, aided by higher sales at its Loft and Ann Taylor stores. However, the retailer, just like its peers, slashed the full-year outlook. For the latest period, the adjusted earnings stood at 76 cents a [...]
Although GameStop Corp.’s (NYSE: GME) fiscal second-quarter sales and profit fell amid growing trend of mobile based games over consoles, shares rallied on Thursday after the company raised its full-year outlook. Both earnings and revenue for the latest period were also better-than-expected. For the full-fiscal year, the Company now expects earnings to be in the [...]
The teen apparel retailer, Abercrombie & Fitch Co. (NYSE: ANF) reported 33% plunge in fiscal second-quarter profit. The retailer’s earnings and revenue also missed Wall Street’s expectation by a wide margin. Speaking to analysts in a conference call, Abercrombie & Fitch’s CEO Mike Jefferies said that weakness in female apparel business and lower customer traffic [...]
Shares of American Eagle Outfitters (NYSE: AEO) were hammered on Wednesday after the teen apparel chain provided a very disappointing fiscal third quarter earnings outlook even as it said that it will continue selling its products at discounted prices to push sales during the back-to-school season. For the fiscal third quarter, American Eagle Outfitters anticipates [...]
Mark Zuckerberg, the CEO of social networking giant Facebook (NASDAQ: FB) has one dream; to make internet accessible for those people who cannot afford it. To achieve this goal, Zuckerberg has chosen Samsung Electronics and four more companies. The project dubbed as Internet.org will aim at bringing internet access to next 5 billion people around [...]
Reuters, quoting sources familiar with the matter, has reported that Boeing (NYSE: BA) is very close to clinch a huge deal from South Korea. The Company’s bid of $7.4 billion to supply South Korea with 60 fighter jets was only the offer which below the price ceiling set out by the nation’s arm procurement agency. [...]
A federal judge on Monday rejected a lawsuit against AOL Inc. (NYSE: AOL). Litigants in this case had accused AOL and some of its executives for fraud. They said that the company deliberately bought 14.8 million shares in 2011, keeping investors in dark about its plans to sell $1 billion worth patents to Microsoft Corp. [...]
The real-estate listings services provider, Zillow Inc. (NASDAQ: Z) said on Monday that it will offer 5 million shares (A Class) at price of $82.00 per share, which implies a 3% discount to the stock’s closing price on Monday. Shares tumbled 7.11% to $84.74 in regular trading hours. In afterhours, shares slipped another 2.47%. The [...]
The world’s largest e-commerce platform, Amazon.com Inc. (NASDAQ: AMZN) went down for nearly 15 minutes on Monday. Users across Canada and the U.S. couldn’t gain access to the website. Despite several requests to comment over the issue, the Company did not reveal what exactly went wrong which caused rare interruption in its services. Amazon.com is [...] |
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