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.