GameStop Meets Expectations – Analyst Blog
Zacks Market Commentaries (November 20th, 2009) Writes:
Zacks Market Commentaries (November 20th, 2009) Writes:
Zacks Market Commentaries (November 20th, 2009) Writes:
Zacks Market Commentaries (November 20th, 2009) Writes:
Zacks Market Commentaries (November 20th, 2009) Writes:
Zacks Market Commentaries (November 20th, 2009) Writes:
Zacks Market Commentaries (November 20th, 2009) Writes:
Zacks Market Commentaries (November 20th, 2009) Writes:
Zacks Market Commentaries (November 20th, 2009) Writes:
Zacks Market Commentaries (November 20th, 2009) Writes:
Limited Brands Inc. (LTD) reported results for the third quarter of fiscal 2009 with earnings of 2 cents per share. Earnings were below the Zacks Consensus Estimate of 6 cents but were up 50% compared to the prior-year quarter. Net sales for the quarter declined 3.5% year-over-year to $1.7 billion due to a 2% decline in comparable same store sales (comps). According to channels, comparable same store sales of Victoria’s Secret channel contracted 4% as bra sales rose only modestly by low single-digits, while panties sales were down low single-digits. However, beauty sales were flat year-over-year as declines were fully offset by new launches and the strong performance of core products. Bath & Body Works channel’s comparable store sales increased 2% during the quarter. The channel benefited from the improvement in the merchandise margin rate. Gross margin for the quarter expanded 16 basis points
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Zacks Market Commentaries (November 20th, 2009) Writes:
China Mobile (CHL), the world’s largest wireless carrier by subscriber, has revealed its plan to commence the trial run of its 4G network during World Expo 2010 to be held in Shanghai from May 1 to Oct 31, 2010. The company’s 4G service is based on the TD-LTE (Time Division Duplex Long Term Evolution) mobile broadband technology. Roughly 200 participants and 70 million visitors are expected to assemble at the Expo. China Mobile has recently selected Alcatel-Lucent (ALU) for the responsibilities of design, construction, installation and integration of communication infrastructure to facilitate the 4G network trial. The TD-LTE network will provide advanced wireless services (including high-definition TV and ultra-fast broadband Internet access) to the visitors at the exposition. The three major Chinese telecom operators China Mobile, China Unicom (CHU) and China Telecom (CHA) are investing heavily in Shanghai to improve the city’s network
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