Fifth & Pacific Companies (NYSE:FNP) Sees Sales Soar in Q4

Fifth & Pacific Companies (NYSE:FNP), which designs and markets premium brands Juicy Couture and Kate Spade, reported its fiscal Q4 net income tripled as net sales climbed. For the quarter ended Dec. 28, Q4 net income rose to $185.2 million, or $1.48 per share, up from $57 million, or $0.47 per share, a year earlier. Excluding one-time items and discontinued operations such as the Lucky … Continue reading Fifth & Pacific Companies (NYSE:FNP) Sees Sales Soar in Q4

John Meady02/2502/25

news, Software

After-Hours Market Movers – PERY, CHMT, EOG

Perry Ellis International, Inc. (NASADQ:PERY) in Monday after-hours reports fiscal 2014 preliminary Q4 results for the quarter ended February 1 2014. PERY expects adjusted EPS to be in the range of $0.02-$0.05 while revenues are expected to decline 16% to approximately $216 million compared to revenues of $258 million last year. Analysts polled by Capital IQ are expecting EPS of $0.71 on revenues of $272.4 … Continue reading After-Hours Market Movers – PERY, CHMT, EOG

Colin Pettis02/2402/24

Analyst Actions, news

Afternoon Movers – Paragon Shipping (NASDQ:PRGN), U.S. Steel (NYSE:X), Monster Worldwide (NYSE:MWW), Hibbett Sports (NASDAQ:HIBB), Visteon (NYSE:VC)

Paragon Shipping (NASDAQ:PRGN) firms after Jefferies & Co. initiates coverage with a buy rating a $12 price target. Jefferies said the outlook for dry bulk shipping is attractive, and Paragon has an attractive valuation. In afternoon trading, PRGN was up 3.05% to $6.67, at a 36% discount to Jefferies’ estimated net asset value (NAV). Shares in US Steel (NYSE:X) fell on Monday by 2.3% after … Continue reading Afternoon Movers – Paragon Shipping (NASDQ:PRGN), U.S. Steel (NYSE:X), Monster Worldwide (NYSE:MWW), Hibbett Sports (NASDAQ:HIBB), Visteon (NYSE:VC)

Adam Keintzel02/2402/24

Analysis, news

Corelogic to Divest Asset Management and Processing Solutions Segment

CoreLogic (NYSE: CLGX) announced that intends to divest its Asset Management and Processing Solutions segment, the area of its business that offers services to banks that allow them to handle their portfolio of foreclosed properties. The segment will now be classified as held for sale, and the company will take a noncash impairment charge of $52 million. The announcement is not a major surprise. Management … Continue reading Corelogic to Divest Asset Management and Processing Solutions Segment

Ryan Holtz02/2302/23

news

Cyberonics Posts Lower Than Expected Revenue in Quarter

Thursday morning, Cyberonics reported mixed fiscal third-quarter results, with revenue a bit softer than expected, while earnings per share exceeded estimates. Despite the revenue shortfall, management maintained its full-year sales guidance and lifted its earnings guidance for fiscal 2014 (ending in April), which signals management’s confidence in the underlying business. In addition, the company received approval for its AspireSR product in Europe, which is a … Continue reading Cyberonics Posts Lower Than Expected Revenue in Quarter