Aeropostale Inc. (NYSE:ARO) a struggling retail chain that sells teen and children’s apparel, tumbled the most in 21 months after forecasting a bigger loss than analysts had estimated. The second-quarter net loss will be 55 cents to 61 cents a share, the New York-based company said yesterday in a statement. Analysts had projected a loss of 51 cents on average, according to data compiled by Bloomberg. Aeropostale Inc (NYSE:ARO) net profit margin is -10.10% and weekly performance is -23.37%. On last trading day company shares ended up $3.41. Analysts mean target price for the company is $5.63. Aeropostale Inc (NYSE:ARO) distance from 50-day simple moving average (SMA50) is -31.30%.
Zale Corporation (NYSE:ZLC) announced that Institutional Shareholder Services (“ISS”), a leading independent proxy voting and corporate governance advisory firm, recommends that Zale stockholders vote “FOR” the proposed transaction with Signet Jewelers Limited (“Signet”) at Zale’s special meeting of stockholders scheduled for May 29, 2014. Zale Corporation (NYSE:ZLC) shares fell -0.37% in last trading session and ended the day on $21.75. Gross Margin is 53.00% and its return on assets is 1.60%. Zale Corporation (NYSE:ZLC) quarterly performance is 2.69%.
AT&T Inc. (NYSE:T) has introduced its Multi-Device Protection Pack that covers up to three smartphones, tablets and laptops. The package is available as part of AT&T’s Mobile Insurance line-up. The AT&T Multi-Device Protection Pack costs USD 29.99 per month. Once users select a primary device (a device connected to the AT&T wireless network with a post-paid monthly service), they will be able to add two additional eligible devices, which may be either connected or non-connected.AT&T Inc. (NYSE:T) shares moved down -0.17% in last trading session and was closed at $35.32, while trading in range of $35.25 -$35.55. AT&T Inc. (NYSE:T) year to date (YTD) performance is 3.12%.
The beleaguered smartphone maker Blackberry Ltd. (NASDAQ:BBRY) has decided to enter the lucrative machine-to-machine (M2M) wireless communications market. Management has undertaken “Project Ion” to help business enterprises to provide a seamless connection between people, devices and machines for greater value addition. BlackBerry Ltd (NASDAQ:BBRY) ended the last trading day at $7.23. Company weekly volatility is calculated as 1.83% and price to cash ratio as 1.39. BlackBerry Ltd (NASDAQ:BBRY) showed a negative weekly performance of -0.41%.
UBS AG downgraded shares of Merck KGaA (ADR) (OTCMKTS:MKGAY) from a buy rating to a neutral rating in a report issued on Friday, Analyst Ratings.Net reports. Merck KGaA (ADR) (OTCMKTS:MKGAY) On last trading day company shares ended up $57.13.