Focus News: Aeropostale, Inc.(NYSE:ARO), DragonWave, Inc.(USA)(NASDAQ:DRWI)
NEW YORK, January 11, 2013 (MESHPRESS) – PennyStockParlay.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
Aeropostale, Inc.(NYSE:ARO) saw a sale slide in holiday season confirming fear of its weak sale and said the environment in the teen apparel space was still heavily promotional.
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“Following a strong Black Friday weekend, sales and traffic trends deteriorated significantly in December,” Aeropostale Chief Executive Officer Thomas Johnson said in a statement.
Shares were down by 13 cents or 1% to $13.24.
“The underperforming core basics category represents the majority of the store and requires deep discounts to sell,” said Richard Jaffe, an analyst with Stifel Nicolaus research firm.
The analyst said that companies like Abercrombie and Aeropostale “lack differentiation” so they compete mostly on price in the crowded “classic, preppy” merchandise business.
Because of weak sale the company cut back its fourth quarter expectation by 16 cents to 17 cents and now expects earnings of 20 cents to 24 cents per share.
Delay in shipment orders leads DragonWave, Inc.(USA)(NASDAQ:DRWI) cut its third-quarter revenue forecast sending its share down by 93 cents or 27.19% to $2.49.
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The company now expects revenue of about $39 million for the quarter ended November 30. The prior forecast of the company was $43 million to $50 million.
The orders expected to ship in November were rescheduled to December and orders to support shipments to European customers were lower than expected in the quarter.
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