Sequestration Takes a Toll
AeroVironment makes drones for the military, but today the bears are declaring war on the stock! Management slashed its 2013 revenue outlook to no more than $250 million, down from a previous estimate of $348 million to $370 million. AVAV plunges 29 percent before the bell on my tradeMONSTER platform.
Staples Falls on Weak Outlook
Staples reported strong quarterly profit, but revenue missed consensus estimates. The retailer also projected full-year earnings of $1.30 to $1.39 a share, while analysts expected $1.39. That has SPLS lower by 5 percent in early trading.
Bears Shopping at Fresh Market
Fresh Market reported fourth-quarter earnings of $0.43 a share, missing the $0.44 consensus estimate. Sales of $369.85 million also lagged the $379.95 million Street number, and guidance was weak going forward. TFM drops 13 percent in the premarket.
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