Stocks To Open Mixed To Lower
Stocks appear set to open mixed to
lower on Thursday as retail sales numbers for July are trickling in this
morning.
American Eagle Outfitters
(
AEOS |
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PowerRating)
reported a 3.7% increase in same-store sales for July.
Hot Topic
(
HOTT |
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PowerRating) announced an
increase of 3.8% in July same-store sales and was upgraded by Robertson Stephens
to Buy.
Specialty store Brookstone’s reported
that Q2 sales were lower by 3.6%, citing a decrease in demand for the store’s
products.
D&K Healthcare Resources
(
DKWD |
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PowerRating)
reported an 18% increase in earnings for Q4. The pharmaceutical products
distributor reported earnings of 56 cents a share, in line with analysts’
forecasts according to Thomson Financial/First Call.
Michael Stores
(
MIKE |
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PowerRating), a retail
chain which sells arts-and-crafts supplies, announced that same-store sales rose
4%.
Anchor Gaming
(
SLOT |
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PowerRating) reported Q4
earnings of $1.07, shy of analysts’ estimates of $1.15 according to a poll taken
by Thomson Financial/First Call.
Talbots
(
TLB |
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PowerRating) said same-store
sales increased by 7.4% for Q2 and earnings will be in the high end of the
range of analysts’ estimates of 25 to 27 cents a share based on a survey taken
by research firm Thomson Financial/First Call.
Wal-Mart Stores
(
WMT |
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PowerRating) said
same-store sales increased by 6%, beating the company’s estimates of 3% to 5%.
Initial jobless claims increased
33,000 to 385,000.
Ocular Sciences
(
OCLR |
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PowerRating) posted Q2
earnings of 29 cents, an increase of 24%, but missing analysts’ consensus of 30
cents according to data collected by Thomson Financial/First Call.
Medical waste management service
provider Stericycle
(
SRCL |
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PowerRating) reported earnings for Q2 of 27 cents a share, up
35% from the same quarter a year ago. Income from the company rose 44% to $5.6
million.
J.C. Penney Company
(
JCP |
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PowerRating) announced
that July department store sales increased 2.2%.
Intimate Brands
(
IBI |
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News |
PowerRating) reported a
decrease in same-store sales by 7% for July. The company sells products through
Victoria’s Secret and Bath & Body Works stores.
AnnTaylor
(
ANN |
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News |
PowerRating) said same-store
sales fell 17.4% for July and that Q2 earnings will be approximately 22 cents a
share vs. analysts’ consensus of 21 cents a share according to Thomson
Financial/First Call.
International Game Tech
(
IGT |
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PowerRating) was
upgraded by Salomon Smith Barney to Buy from Outperform and gave the stock a
price target of $60.
DB Alex Brown said it expects Ciena
(
CIEN |
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PowerRating)
to
beat estimates on the top and bottom lines.
IVAX
(
IVX |
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PowerRating) said it received FDA
approval for sales of its generic drug isosorbide mononitrate extended release
tablets in 30 mg and 120 mg strength.