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Los Angelas, CA -- (SBWIRE) -- 01/10/2013 -- Aeropostale, Inc. (NYSE:ARO) shares fell 10.17% to $12.01 after the company said demand had weakened during the holiday selling period, while rival American Eagle Outfitters Inc said sales had risen and post-Christmas selling was strong. The company announced that based on the lower than expected sales and margins for the quarter, the Company expects fourth quarter 2012 net earnings to be in the range of approximately $0.20 to $0.24 per diluted share, compared to its previously issued guidance of approximately $0.36 to $0.41 per diluted share. The revised earnings guidance does not include the impact of any potential store asset impairment charges. Analysts are expecting the Company to report EPS of $0.40 for fourth quarter of 2012.
Can ARO Extend Gain? If Yes, How Far It Can Go? Find Out Here
Generex Biotechnology Corporation (OTC:GNBT) shares decreased 16.59% to $0.0342 in yesterday’s session. The company recently announced that it entered into a securities purchase agreement with certain institutional investors on December 10, 2012. The investors have agreed to purchase an aggregate of 750 shares of the Company’s newly designated non-voting Series D 9% Convertible Preferred Stock (convertible preferred stock) and warrants to purchase up to an aggregate of 100% of the shares of its common stock issuable upon conversion of the convertible preferred stock (warrants) at the closing.
How Should Investors React To GNBT Now? Find Out Here
Urban Outfitters, Inc. (NASDAQ:URBN) up over 5%. Urban Outfitters is a lifestyle specialty retail company operating under the Anthropologie, BHLDN, Free People, Terrain and Urban Outfitters brands. The holiday season was a good one for the company as today they announced record net sales for the two months ended December 31, 2012. The total net sales for the two months increased to $666 million or 15% over the same period last year.
How Should Investors Trade URBN After The Recent Volatile Moves? Find Out Here
Tiffany & Co. (NYSE:TIF) said that it expects earnings for the fiscal year ending on January 31st to be near the low end of its previous forecast of $3.20 to $3.40 per share. Analysts expected the company to earn $3.29 per share. The company expects earnings growth in 2013 of six to nine percent, a conservative target due to economic uncertainty.
How Should Investors Trade TIF Now? Find Out Here
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