Falling Five Review Stocks: ASNA, FRAN, HEB, LVS, SJM
Ascena Retail Group Inc (NASDAQ:ASNA) shares declined 10.67% to $17.75. Ascena Retail Group Inc reported third quarter earnings of 26 cents a share on sales of $1.14 billion, trailing expectations for 30 cents a share on revenue of $1.17 billion. In addition, the women’s apparel retailer handed in full-year guidance that missed Street projections. Net income slipped to $31.2 million for the quarter that ended April 27, from $49.4 million in the same quarter a year ago.
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Francesca’s Holdings Corp. (NASDAQ:FRAN) reported first quarter adjusted EPS of $0.26 after the bell Wednesday, up from $0.21 last year. The consensus estimate was for EPS of $0.26. The company expects to report second quarter EPS of $0.35 to $0.36 and between $1.27 and $1.30 for the full year 2014. The consensus estimates are for EPS of $0.35 and $1.30. Analysts on average had expected earnings of 26 cents per share on revenue of $79.6 million. The stock is now down 3.44 at $26.65.
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Hemispherx BioPharma, Inc (NYSEAMEX:HEB) shares dropped 11.20% to $0.245. The company, on May 8, announced its financial results for the three months ended March 31, 2013. The net loss (including non-cash effects) was approximately $3,611,000 or $(0.02) per share as compared to a net loss of $2,308,000 or ($0.02) per share for the same three month period in 2012. Cash, cash equivalents and marketable securities were approximately $37,835,000 at March 31, 2013 as compared to $43,953,000 as of December 31, 2012.
Will HEB Reach The Bottom After Previous Correction? Find Out Here
Las Vegas Sands Corp. (NYSE:LVS) has announced a $2 billion stock buyback program, as the casino operator looks to return cash to shareholders. Chairman and Chief Executive Sheldon Adelson announced the multi-year buyback at the company’s annual general meeting in New York. The company decreased 0.56% to $57.03. The average trading volume is 4.95 shares and its market capitalization is $46.94B.
What Should Investors Do With LVS Now? Find Out Here
The J.M. Smucker Company (NYSE:SJM) posted fourth quarter earnings excluding items of $1.29 per share that easily beat the average analysts’ estimate of $1.16. Revenue was also in line with consensus. The food producer was helped by a significant drop in green coffee costs during the quarter. Gross profit margins in its coffee business increased to 27.6 percent from 23.1 percent in the year-ago period. Stock down 2.35 at $100.02.
What Are SJM’s Charts Signaling For Traders? Find Out Here
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