Key Developments: Aeropostale Inc (ARO)
16.19USD
17 May 2013
$0.15 (+0.94%)
$16.04
$16.04
$16.33
$15.92
1,905,026
2,239,682
$20.99
$11.76
Latest Key Developments (Source: Significant Developments)
Aeropostale, Inc. Reaffirms Q4 2011 EPS Guidance-Conference Call
Aeropostale, Inc. reiterated its previously issued earnings guidance for the fourth quarter of 2011, the Company expects earnings in the range of $0.35 to $0.38 per diluted share (EPS). According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $0.38 for the fourth quarter of 2011. Full Article
Aeropostale, Inc. Issues Q4 2011 EPS Guidance Below Analysts' Estimates
Aeropostale, Inc. announced that for the fourth quarter of 2011, the Company expects earnings in the range of $0.35 to $0.38 per diluted share. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $0.43 for the fourth quarter of 2011. Full Article
Aeropostale, Inc. Raises Q3 2011 EPS Guidance
Aeropostale, Inc. announced that based on better than expected gross margins for the quarter, the Company now expects third quarter earnings in the range of $0.27-$0.28 per diluted share, versus its previously issued guidance in the range of $0.09-$0.15 per share. Full Article
Holzer Holzer & Fistel, LLC Announces Investigation Of Aeropostale, Inc.
Holzer Holzer & Fistel, LLC announced that it has filed a class action lawsuit in the United States District Court for the Southern District of New York on behalf of purchasers of Aeropostale, Inc's common stock who purchased shares between February 3, 2011 and August 3, 2011, inclusive (Class Period). The lawsuit alleges that Aeropostale knew but failed to timely disclose that it was experiencing declining demand for its women's fashion division, which accounts for up to 70% of the Company's sales. The lawsuit further alleges that the Company concealed information relating to pressure it faced on its profit margins as a result of increasing inventory and higher discounts on its clothing. Full Article
Faruqi & Faruqi, LLP Announces Investigation Of Aeropostale, Inc.
Faruqi & Faruqi, LLP announced that it is investigating potential wrongdoing at Aeropostale, Inc. (Aeropostale or the Company). Faruqi & Faruqi, LLP seeks to determine whether certain officers and directors at Aeropostale violated federal securities laws in connection with statements made to the Company’s shareholders. The investigation focuses on whether certain individuals at the Company violated federal securities laws by, among other things, failing to disclose that: demand was declining for the Company’s critical women’s fashion division which makes up a critical 70% of sales; the Company’s rising inventories and clothing discount policies were squeezing Aeropostale’s profit margins; and the Company lacked a reasonable basis for issuing optimistic statements regarding its business prospects. Full Article
Dyer & Berens LLP Files Class Action Lawsuit Against Aeropostale, Inc.
Dyer & Berens LLP announced that it has filed a class action lawsuit in the United States District Court for the Southern District of New York on behalf of all persons who purchased the common stock of Aeropostale, Inc. between February 3, 2011 and August 3, 2011, inclusive (Class Period). The complaint alleges that, during the Class Period, defendants issued materially false and misleading statements regarding the Company's business and prospects. Specifically, defendants misrepresented and/or failed to disclose the following adverse facts: that Aeropostale was experiencing declining demand for its women's fashion division, which makes up 70% of the Company's sales; that Aeropostale was enduring pressure on its profit margins as a result of increasing inventory and higher discounts on its clothing; and that, as a result of the foregoing, defendants lacked a reasonable basis for their positive statements about the Company and its prospects. Based upon the foregoing, the complaint charges the Company and certain of its officers with violations of the Securities Exchange Act of 1934. Full Article
The Law Firm of Levi & Korsinsky Notifies Investors With Losses on Their Investment in Aeropostale, Inc. of Class Action Lawsuit
Levi & Korsinsky announced that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of purchasers of Aeropostale, Inc. common stock between February 3, 2011 and August 3, 2011 (the Class Period). The complaint alleges that Aeropostale and certain of its officers and directors issued materially false and misleading statements regarding the Company's business and prospects. Specifically, the complaint alleges that defendants misrepresented and/or failed to disclose that: (a) Aeropostale was experiencing declining demand for its women's fashion division, which makes up 70% of the Company's sales; (b) due to increasing inventory and higher clothing discounts, the Company was enduring pressure on its profit margins; and (c) as a result of the foregoing, defendants lacked a reasonable basis for their positive statements about the Company and its prospects. On August 4, 2011, Aeropostale announced net earnings of between $0.02 and $0.03 per share for the second quarter of 2010, well below the Company's guidance of $0.11 to $0.16 per share. Upon this news, shares of Aeropostale stock fell more than 20% to close at $12.53 per share. Full Article
Izard Nobel LLP Announces Class Action Lawsuit Against Aeropostale, Inc.
The law firm of Izard Nobel LLP announced that a lawsuit seeking class action status has been filed in the United States District Court for the Southern District of New York on behalf of purchasers of the common stock of Aeropostale, Inc. between February 3, 2011 and August 3, 2011, inclusive (the Class Period). The complaint charges that Aeropostale and certain of its officers and directors violated federal securities laws by issuing materially false statements regarding the Company's business and prospects. Specifically, defendants failed to disclose the following adverse facts: (i) that Aeropostale was experiencing declining demand for its women's fashion division, which makes up 70% of the Company's sales; (ii) that Aeropostale was enduring pressure on its profit margins as a result of increasing inventory and higher discounts on its clothing; and (iii) that, as a result, defendants lacked a reasonable basis for their positive statements about the Company. On August 4, 2011, Aeropostale provided a business update for the second quarter of 2011 reporting net sales of $468.2 million, a decrease of 5% from the second quarter of 2010, and expected net earnings to be in the range of $0.02 to $0.03 per share -- well below the Company's guidance of $0.11 to $0.16 per share. On this news, Aeropostale stock fell $3.99, or 24%, to close at $12.53 per share. Full Article
Robbins Geller Rudman & Dowd LLP Files Class Action Suit Against Aeropostale, Inc.
Robbins Geller Rudman & Dowd LLP announced that a class action has been commenced in the United States District Court for the Southern District of New York on behalf of purchasers of the common stock of Aeropostale, Inc. between February 3, 2011 and August 3, 2011, inclusive (Class Period). The complaint charges Aeropostale and certain of its Officers and Directors with violations of the Securities Exchange Act of 1934. The complaint alleges that, during the Class Period, defendants issued materially false and misleading statements regarding the Company’s business and prospects. Specifically, defendants misrepresented and/or failed to disclose the following adverse facts: that Aeropostale was experiencing declining demand for its women’s fashion division, which makes up 70% of the Company’s sales; that Aeropostale was enduring pressure on its profit margins as a result of increasing inventory and higher discounts on its clothing; and that, as a result of the foregoing, defendants lacked a reasonable basis for their positive statements about the Company and its prospects. Full Article
Holzer Holzer & Fistel, LLC Announces Investigation Into Aeropostale, Inc.
Holzer Holzer & Fistel, LLC announced that it is investigating potential violations of the federal securities laws by Aeropostale, Inc. (Aeropostale or the Company). The investigation focuses on whether a series of statements made between February 3, 2011 and August 3, 2011, inclusive, regarding Aeropostale business, its prospects and its operations were materially false and misleading at the time they were made. Specifically, the investigation seeks to determine whether Aeropostale knew but failed to timely disclose that it was experiencing declining demand for its women’s fashion division, which makes up to 70% of the Company’s sales. Full Article
Aeropostale fails in bid to end shareholder lawsuit
* Lawsuit: Teen apparel retailer hid deteriorating results
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
