Standard & Poor's
American Apparel (NYSE: APP) 20.1% LOWER; reports Q1 loss of $0.13, versus the analyst estimate of ($0.05) and compared to a gain of $0.02 in the same quarter last year. Revenue for the quarter was $114.3 million, versus the consensus of $117.50 million. Same store sales fell 7% during the quarter. Sees FY09 sales of $550-$575 million, which compares to the Street estimate of $576.75 million, with income from operations of $40-$50 million. American Apparel is evaluating its classification of its revolving credit facility as a long-term obligation, and certain other balance sheet and cash flow presentation matters, which may result in a restatement of previously issued financial statements.
Himax Technologies (Nasdaq: HIMX) 16.2% HIGHER; reports Q1 EPS of $0.04, in-line with the analyst estimate of $0.04. Revenue for the quarter was $125.7 million, versus the consensus of $139.05 million. Sees Q2 sales up 52-55%, with gross margin flat ...
