Market News

January 15, 2013  Tue 7:23 AM CT

Same Store Sales Now Seen Rising

Retailer Express previously expected same-store sales to fall slightly in the fourth quarter, but now it sees a small increase. It also raised its earnings forecast to $0.72 to $0.74 a share from $0.62 to $0.68. EXPR pops 16 percent before the bell on my tradeMONSTER platform.

Forest Labs Drops on Weak Results

Forest Laboratories reported a third-quarter loss of $0.21 a share, worse than the $0.14 loss expected by analysts. Net sales of $722.7 million also badly missed the $762 million consensus forecast, sending FRX lower by almost 6 percent in early trading.

Lululemon Sales to Miss the Mark

Lululemon Athletica is trying to blame a "compressed" holiday season, but investors aren't buying it. The yoga-wear retailer said fourth-quarter sales will be $475 million to $480 million, but analysts were looking for $489 million. LULU drops 7 percent in the premarket

QLogic To Beat Consensus

QLogic expects to report third-quarter earnings of $0.19 to $0.20 a share on revenue of $119 million. Analysts had expected $0.17 and $115 million, respectively. QLGC rose 9 percent before the bell.

News Archives
OptionsHouse

TRADING WEEKLY OPTIONS

The fastest money in the market VIEW FULL REPORT

Education & Strategy

Election Sector Rotation

Sector rotation is the process where mutual funds, portfolio managers, and investors in general, shift their investments from one sector of the economy to another.

More education articles »