Little Growth Expected This Year
DSW earned $0.69 a share in the fourth quarter, missing the $0.72 average analyst forecast. Revenue of $594.3 million also lagged the $601.88 million consensus estimate. DSW drops 11 percent before the bell on my tradeMONSTER platform.
Lululemon Sees Yoga Pants Shortage
Lululemon Athletica said that some of its popular Luon yoga pants were too sheer, so it's withdrawing them from sale. That will result in a shortage of merchandise and management is warning of " a significant impact on our financial results." LULU drops 8 percent in early trading.
Affymax Faces Uncertain Future
Affymax, already down more than 80 percent this year, has another bitter pill for investors to swallow today. The drug developer announced it is slashing its workforce by three-quarters and may seek bankruptcy protection after recalling its Omontys anemia drug last month. AFFY craters another 55 percent before the bell.
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