Dominion Lending Centres Clearlease Reports stocks are seeing modest weakness in early trading on Friday
VANCOUVER, BC (May 20, 2011) Clearlease Reports After moving mostly higher over the course of the two previous sessions, stocks are seeing modest weakness in early trading on Friday. The major averages have all moved to the downside, although selling pressure remains subdued.
Retail stocks are seeing some early weakness, with Gap (GPS) and Aeropostale (ARO) leading the sector lower after providing disappointing guidance. Shares of Gap and Aeropostale are down by 16.4 percent and 19.2 percent, respectively.
Gap reported first quarter earnings of $0.40 per share, down from 0.45 per share in the same quarter last year but above analyst estimates for earnings of $0.39 per share. However, the company also said it now expects full year earnings of $1.40 to $1.50 per share, well below estimates for $1.83 per share.
The company attributed the lower guidance to expectations that product costs per unit will be up about 20 percent in the second half of the year, more than outweighing retail price increases.
Aeropostale reported first quarter earnings that came in line with analyst estimates but forecasting second quarter earnings well below current expectations.
Citing business trends and an uncertain retail environment, Aeropostale also said it is neither reiterating nor providing an update to its full year guidance.
In other news out of the retail sector, Liberty Media has offered to acquire bookstore operator Barnes & Noble (BKS) for $17 per share in cash, representing a total value of about $1 billion. The offer represents a 20 percent premium to Barnes & Noble’s closing price on Thursday.
Steel, gold, and health insurance stocks are also seeing modest weakness, while early strength is visible in the electronic storage sector. Within the storage sector, shares of STEC, Inc. (STEC) have surged up by 9.4 percent, climbing well off their recent lows.
The major averages have edged up off their lows for the young session but currently remain in the red. The Dow is down 21.98 points or 0.2 percent at 12,583.34, the Nasdaq is down 3.37 points or 0.1 percent at 2,819.94 and the S&P 500 is down 2.88 points or 0.2 percent at 1,340.72.
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk
VANCOUVER, BC (May 20, 2011) Clearlease Reports After moving mostly higher over the course of the two previous sessions, stocks are seeing modest weakness in early trading on Friday. The major averages have all moved to the downside, although selling pressure remains subdued.
Retail stocks are seeing some early weakness, with Gap (GPS) and Aeropostale (ARO) leading the sector lower after providing disappointing guidance. Shares of Gap and Aeropostale are down by 16.4 percent and 19.2 percent, respectively.
Gap reported first quarter earnings of $0.40 per share, down from 0.45 per share in the same quarter last year but above analyst estimates for earnings of $0.39 per share. However, the company also said it now expects full year earnings of $1.40 to $1.50 per share, well below estimates for $1.83 per share.
The company attributed the lower guidance to expectations that product costs per unit will be up about 20 percent in the second half of the year, more than outweighing retail price increases.
Aeropostale reported first quarter earnings that came in line with analyst estimates but forecasting second quarter earnings well below current expectations.
Citing business trends and an uncertain retail environment, Aeropostale also said it is neither reiterating nor providing an update to its full year guidance.
In other news out of the retail sector, Liberty Media has offered to acquire bookstore operator Barnes & Noble (BKS) for $17 per share in cash, representing a total value of about $1 billion. The offer represents a 20 percent premium to Barnes & Noble’s closing price on Thursday.
Steel, gold, and health insurance stocks are also seeing modest weakness, while early strength is visible in the electronic storage sector. Within the storage sector, shares of STEC, Inc. (STEC) have surged up by 9.4 percent, climbing well off their recent lows.
The major averages have edged up off their lows for the young session but currently remain in the red. The Dow is down 21.98 points or 0.2 percent at 12,583.34, the Nasdaq is down 3.37 points or 0.1 percent at 2,819.94 and the S&P 500 is down 2.88 points or 0.2 percent at 1,340.72.
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Reports stocks are seeing modest weakness in early trading on Friday
VANCOUVER, BC (May 20, 2011) Clearlease Reports After moving mostly higher over the course of the two previous sessions, stocks are seeing modest weakness in early trading on Friday. The major averages have all moved to the downside, although selling pressure remains subdued.
Retail stocks are seeing some early weakness, with Gap (GPS) and Aeropostale (ARO) leading the sector lower after providing disappointing guidance. Shares of Gap and Aeropostale are down by 16.4 percent and 19.2 percent, respectively.
Gap reported first quarter earnings of $0.40 per share, down from 0.45 per share in the same quarter last year but above analyst estimates for earnings of $0.39 per share. However, the company also said it now expects full year earnings of $1.40 to $1.50 per share, well below estimates for $1.83 per share.
The company attributed the lower guidance to expectations that product costs per unit will be up about 20 percent in the second half of the year, more than outweighing retail price increases.
Aeropostale reported first quarter earnings that came in line with analyst estimates but forecasting second quarter earnings well below current expectations.
Citing business trends and an uncertain retail environment, Aeropostale also said it is neither reiterating nor providing an update to its full year guidance.
In other news out of the retail sector, Liberty Media has offered to acquire bookstore operator Barnes & Noble (BKS) for $17 per share in cash, representing a total value of about $1 billion. The offer represents a 20 percent premium to Barnes & Noble’s closing price on Thursday.
Steel, gold, and health insurance stocks are also seeing modest weakness, while early strength is visible in the electronic storage sector. Within the storage sector, shares of STEC, Inc. (STEC) have surged up by 9.4 percent, climbing well off their recent lows.
The major averages have edged up off their lows for the young session but currently remain in the red. The Dow is down 21.98 points or 0.2 percent at 12,583.34, the Nasdaq is down 3.37 points or 0.1 percent at 2,819.94 and the S&P 500 is down 2.88 points or 0.2 percent at 1,340.72.
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk