On Tuesday, American Eagle Outfitters (NYSE:AEO)’s shares declined -0.96% to $16.45.
American Eagle Outfitters (AEO) stated earnings of 15 cents per share that outperformed the Zacks Consensus Estimate by 36.4% and rose substantially from 2 cents per share in the prior-year quarter. Net sales in the quarter rose 8.3% to $699.5 million from $646.1 million in the prior-year quarter and surpassed the Zacks Consensus Estimate of $689 million.
For the second quarter of fiscal 2015, American Eagle projects earnings per share in the band of 11–14 cents contrast with 3 cents earned in the year-ago period.
American Eagle’s impressive results and an upbeat outlook triggered an uptrend in the Zacks Consensus Estimate. Analysts polled by Zacks are now constructive on the stock’s future performance. Over the past 30 days, the Zacks Consensus Estimate of 95 cents and $1.06 for fiscal 2015 and fiscal 2016 has moved up 10.5% and 9.3%, respectively. For the second quarter, the Zacks Consensus Estimate has surged to 14 cents from 10 cents over the same period.
American Eagle is one of the major specialty retailers of fashionable apparel and accessories. The company has a strong portfolio of well-established brands, each of which is focused on the unique characteristics and rapidly changing preferences of target customers.
American Eagle Outfitters, Inc. operates as a retailer of apparel and accessories in the United States and internationally. The company’s stores offers denims, pants, shorts, sweaters, fleece, outerwear, graphic T-shirts, footwear, and accessories for 15 to 25 year old men and women under the American Eagle Outfitters brand name; and intimates and personal care products for women the aerie brand name.
Paramount Group Inc (NYSE:PGRE)’s shares dropped -1.05% to $17.82.
Paramount Group Inc (PGRE) declared that its board of directors declared a regular quarterly cash dividend of $0.095 per share of common stock for the second quarter ending June 30, 2015. The dividend will be payable July 15, 2015 to stockholders of record as of the close of business on June 30, 2015.
Paramount Group, Inc. (Paramount) is a real estate investment trust (REIT) focused on owning, operating and managing Class A office properties in central business district submarkets of New York City, Washington, D.C. and San Francisco. Paramount conducts its business primarily through Paramount Group Operating Partnership LP. As of December 31, 2014, Paramount’s portfolio comprised of 12 Class A office properties aggregating about 10.4 million square feet that was 93.9% leased.
At the end of Tuesday’s trade, Statoil ASA (ADR) (NYSE:STO)‘s shares gained 0.30% to $18.34.
In a meeting in the Corporate Assembly of Statoil ASA (ADR) (NYSE:STO) on 9 June 2015 OEystein Loeseth was elected as new chair and Roy Franklin as a new member and deputy chair of Statoil’s board of directors.
Chair of the board Svein Rennemo and board member Jim Mulva had in advance informed the nomination committee that they did not wish to stand for re-election in 2015. Bjoern Tore Godal, Jakob Stausholm and Marjan Oudeman were re-elected as members of the board of directors. Board member Rebekka Glasser Herlofsen, who was elected to the board from 19 March 2015, has been elected until the ordinary election of shareholder-elected members to the board of directors in 2016.
Furthermore, the corporate assembly re-elected Lill-Heidi Bakkerud, Ingrid Di Valerio and Stig Laegreid as employee-elected members of Statoil’s board of directors. Per Steinar Stamnes, Per Gunnar Stavland og Kjetil Hansen Melvaer (with this priority) were elected as deputy members for the employee-elected board members.
Statoil ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products in Norway and internationally. The company operates through Development and Production Norway; Development and Production International; Marketing, Processing and Renewable Energy; and Other segments.
Netflix, Inc. (NASDAQ:NFLX), ended its Tuesday’s trading session with 3.18% gain, and closed at $647.15.
Netflix, Inc. (NFLX) shareholders on Tuesday approved a massive enhance in the number of shares the company is authorized to issue, the first step toward a possible stock split.
The video-streaming service won approval to raise its share authorization by nearly 30 times to 5 billion from 170 million.
The company is the top performer on the Nasdaq 100 (.NDX) this year, with shares nearly doubling to close at $647.15 on Tuesday. Its shares touched a record high of $645.54 during trading.
Netflix has been focusing on international expansion as growth slows in the United States, where it has reshaped TV viewing habits since it was first launched in 2007.
Shareholders also approved non-binding proposals to elect board members annually, to require a simple majority vote for all measures, and to enhance the ability of investors to nominate directors.
Netflix, Inc., an Internet television network, engages in the Internet delivery of TV shows and movies directly on TVs, computers, and mobile devices in the United States and internationally. The company operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. It also provides DVDs-by-mail membership services.
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