Category: FNNO
Facebook Raises IPO Range
A belated birthday present for Mark Zuckerberg today. His social media company Facebook has announced a hike in its initial public offering price range. Instead of the $28 to $35 range, the price has gone up to a possible $34 to $38 a share. This is according to the latest filing with the Securities and [...]
TJX Companies Reports Mixed Results, Guidance Disappoints
TJX Companies (NYSE:TJX) reported Q1 EPS of $0.55, topping estimates by a penny. Revenues in the quarter rose 11% year-over-year to $5.8 billion, inline with estimates. Carol Meyrowitz, Chief Executive Officer of The TJX Companies, Inc., stated, “We are extremely pleased that our strong momentum continued in the first quarter. Consolidated comparable store sales increased [...]
Dicks Sporting Goods Reported Positive Earnings
Dick’s Sporting Goods Inc. (NYSE:DKS) reported its first quarter earnings this morning, posting an EPS of $0.45, beating estimates of $0.38 a share. Revenue for the quarter rose 15.1% to $1.3 billion, above consensus estimates of $1.23 billion. Edward W. Stack, Chairman and CEO of the company said, “We had an exceptionally strong first quarter [...]
Amazon.com Raised To Outperform At CS, Boosts TP to $270
Amazon.com (NASDAQ:AMZN) was raised to Outperform at Credit Suisse, which also boosted its target price to $270 from $190, citing the firm’s recent buyback announcement. Credit Suisse also said that the company’s stock historically outperforms the S&P by 132% following such events. This can be seen with Amazon’s strong opening this morning. Currently the stock [...]
Groupon Beat Revenue Estimates, Stock Up
Deal site Groupon reported earnings after the close yesterday, posting an EPS loss of just $0.02, much better than a loss of $0.48 a share the same period last year. Revenue for the quarter grew a whopping 89% to $559.3 million, beating analyst estimates of $530.5 million. Andrew Mason, CEO of Groupon commented on the [...]
Commerce Department Reports Slight Rise in US Retail Sales
Consumers are not reaching into their wallets right now. The Commerce Department reported US retail sales rose slightly by 0.1% in April. This is a decrease from the previous months with an increase of 0.7% in March and 1% in February. The weak gain is most likely to lower gas prices and a mild winter, [...]
Saks Tops Estimates By A Penny As Company Rises 5% YoY
Saks (NYSE:SKS) reported Q1 EPS of $0.19, topping estimates by a penny. Revenues in the quarter came in at $753.6 million, missing estimates of $759.4 million. Stephen I. Sadove, Chairman and Chief Executive Officer of the Company, noted, “We continued to make solid progress during the first quarter. Our year-over-year earnings improvement was driven by [...]
Home Depot Reports Earnings Miss, Sandbags Guidance
Home Depot (NYSE:HD) reported Q1 EPS of $0.65, inline with estimates. Revenues in the quarter rose 6% year-over-year to $17.8 billion, missing estimates by $130 million. Frank Blake, chairman & CEO of Home Depot commented on the earnings, “We saw a stronger-than-expected start to the year, driven by record warm weather and continued demand for [...]
Apple Rumors Swirl Before WWDC
With June fast approaching, bloggers and news outlets are speculating what tech company Apple (NASDAQ:AAPL) will be revealing at its World Wide Developer Conference. The biggest rumor currently is the redesign of the MacBook Pro. According to sources from 9to5mac, Apple plans on debuting a new thinner laptop with high resolution Retina displays, faster processors, [...]
