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Home decor retailer $KIRK reported a drop in 1Q16 earnings due to the impact of planned increase in promotional activity and startup costs for its new e-commerce fulfillment center as well as higher expenses. Net income fell to $0.916MM or $0.06 per share from $2.53MM or $0.14 per share last year. Net sales grew to $129.91MM from $118.31MM.
Still in yesterday’s $PZZA shock. I thought everyone had more pizza this football season!!
$TSLA stock downgraded to sell from hold by brokerage firm CFRA Research. However, the firm lifted the price target by $35 to $240.
$LB shares have plummeted after a disappointing quarter.