Dillards (DDS) fell more than 5% during after-hours trading, joining the list of retailers being done in by disappointing fiscal first quarter financial results.
At $2.17 a share, first quarter earnings fell more than expected, coming in 40 cents below the Capital IQ consensus of $2.57. Net revenue (which includes Dillards construction business) fell 4.5% to $1.5 billion, just missing the....More>>>
That’s how Citigroup’s Paul Lejuez and team described Tiffany’s (TIF) fourth-quarter earnings and 2016 guidance in a note this morning:
Adj EPS of $1.46 vs cons and our $1.40. Comps -5% worldwide (constant Fx, in line with Holiday results), with the Americas -8% (in line with Holiday), Europe -3% (Holiday -2%), Japan +10% (in line with Holiday), and....More>>>
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Financial analyst: It’s time to cut up Yahoo! Embattled CEO Marissa Mayer believes that a leaner, more focused Yahoo is the solution to its growth problems.
Yahoo announced a massive, $4.4 billion loss last quarter and said it will lay off 15% of its workforce as part of a plan to return the company to “modest to accelerating growth” next year and in 2018. The layoffs....More>>>
50 Cent has posted lots of photos surrounded by cash — while he’s in bankruptcy court. The rapper “50 Cent” is heading to court to explain why he’s declaring bankruptcy — while posting pictures of himself surrounded by cash on Instagram.
Curtis J. Jackson III filed for bankruptcy in July. He claims that he still makes millions, but that a flood of....More>>>
Loading the player… What is ‘Internal Rate Of Return – IRR’
Internal rate of return (IRR) is a metric used in capital budgeting measuring the profitability of potential investments. Internal rate of return is a discount rate that makes the net present value (NPV) of all cash flows from a particular project equal....More>>>
In the lunar calendar that started February 8, this is the Year of the Red Monkey. I found this description of the Red Monkey quite apt:
“According to Chinese Five Elements Horoscopes, Monkey contains Metal and Water. Metal is connected to gold. Water is connected to wisdom and danger. Therefore, we will deal with more financial events in the year of the Monkey. Monkey is a smart,....More>>>
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Bowing to pressure from the European Central Bank and the European Union, Bulgaria will seek to join the bloc’s banking union and the precursor for euro-area membership simultaneously within the next year, its finance minister said.