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Tag: falls
Leaders Break Badly As Market Falls Into Correction
2015-08-22 02:44:35| Footwear - Topix.net
Even steady leaders like , which were on the IBD 50 list Friday, broke badly. Starbucks crashed 5% in huge volume and sliced through its 50-day moving average, marking a sell signal.
Tags: market
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Fat Face FY mixed as profit falls and sales climb
2015-08-21 18:48:00| Daily apparel & textile news and comment - from just-style.com
UK clothing retailer Fat Face has booked higher sales in its last fiscal but lower earnings as a result of unseasonably warm weather.
Gap restructuring weighs on Q2 as profit falls 34%
2015-08-21 13:23:00| Daily apparel & textile news and comment - from just-style.com
Gap Inc remains a group of "mixed fortunes", according to one analyst, after the US retail giant reported a double-digit decline in second-quarter net profit, but said it remains confident of improved business performance.
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Columbus Business First Rare miss for Victoria's Secret as swim line falls flat: 'We messed it up'
2015-08-21 11:23:07| Apparel - Topix.net
The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of American City Business Journals. Columbus-based L Brands Inc. reported its second-quarter earnings and while the retailer was pleased with the overall results, sales of swimsuits were a rare disappointment for a company that has been operating around its all-time high on many fronts.
HP bottom line falls short of expectations
2015-08-21 08:33:00| Telecompaper Headlines
(Telecompaper) HP reported underlying earnings better than expected in its fiscal third quarter to July. Adjusted earnings fell to USD 0.88 per share from USD 0.89 a year ago, less than the company's outlook for USD 0.83-0.87. Net revenue declined 8 percent year-on-year to USD 25.3 billion. Excluding currency effects, revenue was down 2 percent. Reported earnings dropped to USD 0.47 per share from USD 0.52 a year ago, missing HP's outlook of 50-54 cents. The reported result includes after-tax costs of USD 750 million and USD 0.41 per share for the costs of separating the PC business, amortization of intangible assets, impairment of data centre assets and changes for retirement settlement, acquisitions and restructuring. HP CEO Meg Whitman said the company made good progress on its separation plans in the quarter, while the results showed a very strong performance in the Enterprise Group and substantial progress in turning around Enterprise Services. For fiscal Q4, HP forecast adjusted EPS of USD 0.92-0.98 and reported EPS of USD 0.12-0.18. Reported EPS is estimated lower than previously forecast over the full year, at USD 1.87-1.93, down from earlier guidance of USD 2.03-2.23
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