Despite reporting a decent Q3, Lululemon shares are getting punished after management issued weak guidance. The stock is down by over 10% in pre-market trading. Lululemon reported Q3 earnings of $0.45 per share, beating expectations fo $0.41 per share. During the period, comparable store sales were up 5% at the yoga apparel retailer. This compares to expectations for a 5.3% gain.
By Jonathan Cable and Adam RoseLONDON/BEIJING (Reuters) - China's vast factory sector contracted again this month and the expected acceleration in euro zone business activity failed to materialize, highlighting the fragile state of a global economy.
By Gary Gordon: Non-cyclical stock sectors (e.g., consumer staples, health care, utilities, etc.) often do well when there are concerns about economic growth. Indeed, exchange-traded funds representing one or more components of the non-cyclical arena have been the key drivers in the broader U.S.
By Sunil Shah:On 8 November 2011, insurance industry software developer Ebix Inc. (EBIX) hosted a conference call to disclose results for the September quarter. It was excellent: management was confident, assertive and delivered the report with mounting conviction about the company's future prospects.
An exchange I had last week with Econbrowser reader (and world-renowned scholar) Simon van Norden may be of interest to broader readers, so I lift it here from the comments:
Under the current economic circumstances, what mix of fiscal and monetary policy do you think would be desirable?
At various times since the dark days of 2008, the Bank of Japan, Bank of England and Federal Reserve have all tried to jumpstart their economies by printing money with abandon to facilitate asset purchases of an unprecedented scale. While the jury is still out on what the long-term effects of such quantitative easing might be, the worst fears of its critics — say, for example, hyperinflation — have not come to pass while many of the arguments of its supporters have been validated.
NEW YORK — Starbucks Corp said it would restate fourth-quarter results to show an operating loss of US$2.12 billion to reflect damages related to its dispute with Kraft Foods.
Starbucks shares were down 1.8% at US$79.15 in trading before the bell on Wednesday.
An arbitrator has concluded Tuesday that Starbucks must pay US$2.76 billion to settle a dispute with Kraft over coffee distribution.