By Phil WahbaNEW YORK (Reuters) - U.S. department store operator Macy's Inc M forecast earnings for the fourth quarter, which includes the crucial holiday shopping season, far below Wall Street expectations on Wednesday, sending shares down 8.1 percent."The falls in same-store sales were less dramatic than they could have been,...
Dillard’s Inc.(DDS) shares jumped more than 8% Friday after an analyst upgraded the stock to a “buy” rating and said the company’s efforts to cut costs and improve its merchandise are paying off.
The markets were able to pull it together somewhat to close off the intraday lows.
Volume finished at 3.75 Billion shares on the NYSE and 1.98 Billion shares traded on the NASDAQ. Today’s tough earnings news came from companies such as DR Horton (DHI) and Dell Inc. (DELL). Both companies got hit hard following their results. [...]
Dillards (NYSE: DDS) opened at $15.18. So far today, the stock has hit a low of $15.01 and a high of $15.63. DDS is now trading at $15.50, up $1.22 (8.54%). O...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)
BloggingStocks: Here are some highlights from this past week's earnings coverage on BloggingStocks:
Ann Taylor Stores Corp. (ANN) declining same-store sales offset better-than-expected Q3 earnings.
Canadian Solar Inc. (CSIQ) reached a new 52-week high after ... Read more
Deutsche Bank is upgrading Dillard's (NYSE:DDS) to Buy from Hold with a $28 price target (prev. $13.50). Based on Dillard’s merchandising and cost control initiatives, improved inventory management and recent operating trends, the firm believes the company is better positioned than nearly all investors would have[More...]
BloggingStocks: Analyst upgrades:
Pali Capital upgraded Lazard (LAZ) to buy from neutral, citing a healthy restructuring environment, improving M&A and strength in the asset management segment. The firm has a $46 target on shares.
Baird upgraded Scansource ... Read more
BloggingStocks: Tuesday, TJX Companies Inc. (TJX) reported that its profit soared in the third quarter, and fellow retailers Dillard's Inc. (DDS) and Saks Inc. (SKS) said they swung to year-over-year profits in the same period.
TJX posted earnings of $347.8 ... Read more
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