Market News

FGX International Holdings (FGXI)

Avondale downgraded FGX International Holdings from Outperform to Perform.

Dec 17 · 8:47:00 PM
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by Rich Pike

Thor Industries, Inc. (THO)

ArgusThor Industries, Inc. from Hold to Buy.

Dec 17 · 8:46:00 PM
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by Rich Pike

Mohawk Industries, Inc. (MHK)

JP MorganMohawk Industries, Inc. from Neutral to Overweight.

Dec 17 · 8:45:00 PM
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by Rich Pike

Shutterfly Inc. (SFLY)

Roth Capital initiated coverage for Shutterfly Inc. with a recommendation of Buy.

Dec 17 · 8:40:00 PM
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by Rich Pike

Hovnanian Enterprises Inc (HOV)

Home builder Hovnanian Enterprises said it posted a fiscal fourth quarter loss of $250.8 million, or $3.21 a share, compared with a year-earlier loss of $450.5 million, or $5.79 a share. It was the company's 13th consecutive loss. The latest results included $146.4 million in land related-charges, down from $319.9 million a year earlier. Revenue tumbled 39% to $437.4 million. It expects a tax refund between $275 million and $295 million sometime next year.

Dec 17 · 12:01:00 PM · Source: Company News
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by Larry Etter

Pier 1 Imports, Inc. (PIR)

Pier 1 said Thursday that its fiscal third quarter net income was $39 million, or 37 cents a share, compared with a year-earlier loss of $37 million, or 41 cents a share. Excluding items, the company's profit was 2 cents a share. Sales rose 8.7 percent to $327.1 million. Sales at stores open at least a year rose 13.7 percent.
The profit was a surprise, as analysts had been expecting a loss of 5 cents.

Dec 17 · 11:08:00 AM · Source: Company News
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by Larry Etter

Whirlpool (WHR)

Whirlpool Corporation said today it had appointed William D. Perez, former president and CEO of Wm. Wrigley Jr. Company, to its board of directors.

Dec 15 · 11:38:00 AM · Source: Company News
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by Larry Etter

Best Buy (BBY)

Best Buy said Tuesday that its third-quarter net income increased to $227 million, or 53 cents a share, up from $52 million, or 13 cents, earned in the same period a year earlier. That prior period had a 22-cent charge. Third quarter sales increased 5% to $12.02 billion from $11.5 billion. Sales at locations open at least 14 months, a key industry-performance benchmark, rose 1.7%.
Margins, however, are under pressure as sales of low-cost laptops and lower priced flat panel TVs are dominating Best Buy sales.

Dec 15 · 10:13:00 AM · Source: Company News
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by Larry Etter

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