Cowen Reiterates Bullish View on American Eagle Outfitters (AEO) on Solid Execution

After-Hours Stock Movers 12/02: (PSUN) (NWY) (FVE) (AVGO) Higher; (VRNT) (VNEM) (P) Lower (more...)

December 2, 2015 6:12 PM EST

(Updated - December 2, 2015 6:13 PM EST)

PacSun (NASDAQ: PSUN) 55.3% HIGHER; reported Q3 EPS of ($0.05), versus ($0.03) reported last year. Revenue for the quarter came in at $205.9 million versus the consensus estimate of $197.97 million.

New York & Co. (NYSE: NWY) 15% HIGHER; reported Q3 EPS of ($0.05), $0.04 worse than the analyst estimate of ($0.01). Revenue for the quarter came in at $219.8 million versus the consensus estimate of $217.18 million.

Verint Systems (NASDAQ: VRNT) 10.4% LOWER;... More

American Eagle says holiday season sales off to strong start

December 2, 2015 4:08 PM EST

By Subrat Patnaik

(Reuters) - Teen apparel retailer American Eagle Outfitters Inc (NYSE: AEO) said its holiday season sales were off to a "solid start" and named Jay Schottenstein, who was heading the company on an interim basis, as its permanent chief executive.

The company said on Wednesday it expected same-stores sales to grow in the mid-single digits in the holiday quarter, compared with flat growth last year.

Analysts polled by research firm Consensus Metrix are expecting 3.9 percent growth for American Eagle's fourth quarter.

"The... More

American Eagle Outfitters (AEO) Tops Q3 EPS by 1c, Comps Increase 9%; Q4 EPS Guidance In-Line

December 2, 2015 4:06 PM EST

American Eagle Outfitters (NYSE: AEO) reported Q3 EPS of $0.35, $0.01 better than the analyst estimate of $0.34. Revenue for the quarter came in at $919 million versus the consensus estimate of $924.38 million.

Comparable Sales Increase 9%

GUIDANCE:

American Eagle Outfitters sees Q4 2015... More

American Eagle Outfitters (AEO) Names New CEO

December 2, 2015 4:03 PM EST

American Eagle Outfitters (NYSE: AEO) announced its Board of Directors has appointed Jay L. Schottenstein Chief Executive Officer, effective immediately. Jay will continue in his role as Executive Chairman of the Board. He has served as interim Chief Executive Officer since January of 2014.

Jay has orchestrated a swift recovery since taking the helm,... More

Short sellers shopped for Macy's stock ahead of Black Friday

December 2, 2015 2:01 PM EST

By Noel Randewich

SAN FRANCISCO (Reuters) - Short sellers shopping for overpriced stocks snapped up shares of beleaguered department store Macys (NYSE: M) heading into Black Friday.

The volume of Macy's shares borrowed by short sellers grew 11 percent in the three days leading up to Thursday's Thanksgiving holiday, according to lending data from SunGard's Astec Analytics, even as optimism among other investors about the upcoming holiday shopping season fueled a 6 percent rise in the stock.

Short-sellers borrow shares and sell... More

Trading Radar for 12/2: PVH Corp. (PVH), Box (BOX), Violin Memory (VMEM), Yingli Green Energy (YGE) Report

December 1, 2015 2:45 PM EST

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
7:00am EST

MBA Mortgage Index - no Street consensus

8:15am EST

ADP Employment Change - Street sees 185k

8:30am EST

Productivity: Revised - Street sees... More