First quarter earnings rise.
— April 24, 2015
Shares in French Connection slumped 17 percent after the retailer issued a profit warning.
Hanesbrands Inc. registered increases in first-quarter sales and profits that narrowly missed analysts’ consensus estimates and raised its full-year guidance to reflect the acquisition of Knights Apparel completed earlier this month.
— April 23, 2015
Retail, luxury stocks also lose ground in mid-morning.
The increase was the highest since January 2014.
Sensing that J.C. Penney Co. Inc.’s turnaround effort is gaining traction, Standard & Poor’s Ratings Services lifted the midtier department store retailer’s outlook to “positive” from “stable.”
— April 22, 2015
Europe's stock markets are broadly down in morning trading, except for Milan's FTSE MIB.
Year-end profits are seen falling 36 percent due to losses on financial instruments.
Will redeem $525 million in notes due in 2020.
— April 21, 2015