Management Says Prices to High
Aeropostale's fourth-quarter results inched past expectations, but the outlook was weak. Management expects a loss of $0.15 to $0.20 a share in the current quarter, while analysts are looking for profit of $0.08. ARO falls 6 percent before the bell on my tradeMONSTER platform.
Restatement Sinks Great Lakes Dredge & Dock
Great Lakes Dredge & Dock said it will restate past results after finding that revenue was overstated. Its COO is also stepping down. GLDD drops 32 percent on the news.
Green Light for Bank of America Buybacks
Bank of America passed the Federal Reserve's stress tests with flying colors! The company will now buy back as much as $5 billion of common stock and has a green light to redeem $5.5 billion of preferred shares. BAC rallies almost 3 percent in early trading.
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