Here are the Trending Tickers for Friday April 11th as measured by your yahoo Finance searches:
Gap (GPS) - Shares are lower by more than 4% after the company said it saw a 6% decline in same store sales during March. Despite reiterating earnings guidance for the full year Gap said it expects margins for Q1 to be worse than expected. For those new to retailing, when both sales and margins are worse than expected earnings are probably going to come in light. Gap deserves a downgrade just for not having the guts to warn in plain English.
JPMorgan (JPM) - Shares are down more than 3% after the company missed earnings expectations, citing weakness in both trading and mortgage originations. CFO Marrianne Lake told analysts, "the reality is we still have issues open in front of us." According to Lake these issues include unknowable expenses related to litigation and compliance efforts. On the sort of bright side, an atypically subdued CEO Jamie Dimon said he has growing confidence in the overall economy.
Bed, Bath & Beyond (BBBY) - Shares are trying to find their footing after getting taken apart on Thursday. On Wednesday night Bed, Bath & Beyond managed to miss estimates after already guiding lower due to weather. In addition, the home goods retailer lowered earnings guidance for the current quarter to somewhere between $0.92 and $0.96. Analysts had been looking for $1.02. At the end of last week we told you to watch out for the consumer plays. Based on what we've seen this week Wall Street isn't going to look past another weak quarter based on weather
Those are your Trending Tickers for today. Have a great weekend and we'll see you back here on Monday.
- Investment & Company Information