Market Currents

• Thursday, December 3, 2009

• 09:00 AM Premarket gainers: ABK +18%. TPI +17%. PIR +9%. CYTR +7%. AIB +7%. TGB +6%. RYAAY +5%. THC +5%. MBI +4%. DLM +4%. DRYS +4%. BAC +3%.
  Losers: PLCE -10%. ARO -8%. ENDP -9%. APWR -7%. SNPS -7%. ANF -7%. STEM -5%. DYAX -4%. Comment!

• Wednesday, October 14, 2009

• 09:00 AM Premarket gainers: CNO +22%. BMTI +12%. UEC +11%. ACAS +10%. PLUG +7%. FAS +6%. RTP +5%. CIEN +5%. BCS +5%. AMR +5%. AMD +5%. CRH +5%. CATY +5%. INTC +4%. ACLS +4%. CY +4%. HGSI +4%. ONNN +4%. TSFG +4%. MT +4%. GNW +4%. JPM +4%. UBS +4%. RBS +4%. ALTR +4%. NVDA +4%. STD +4%. HIG +4%. LYG +4%. GNW +4%. CTIC +4%. STM +4%. PIR +4%.
  Losers: UCBH -11%. 2 Comments

• Tuesday, October 13, 2009

• 09:00 AM Premarket gainers: PIR +13%. SVA +6%. BZ +5%. HEB +4%. BBI +4%. BQI +4%.
  Losers: CIT -18%. ANH -4%. Comment!

• Monday, October 12, 2009

• 17:24 PM Pier 1 Imports (PIR) says September same-store sales rose 9.9%, compared to a year-ago 11.7% decline, on improved margins due to significantly reduced markdowns. Shares up 12.2% AH. 2 Comments

• Thursday, September 17, 2009

• 09:00 AM Premarket gainers: AMR +20%. YMI +19%. BBI +8%. PIR +7%. RZ +5%. DFS +4%. LCC +4%. MGM +4%. CVM +4%.
  Losers: SNV -7%. EXK -6%. AIB -4%. Comment!
• 06:20 AM Pier 1 Imports (PIR): Q2 EPS of -$0.17 vs. consensus of -$0.22 (may not be comparable). Revenue of $287M (-11%) vs. $282M. Comparable store sales -7.6%. (PR) Comment!
• 00:05 AM Notable earnings before Thursday's open: DFS, FDX, PIR Comment!

• Thursday, June 18, 2009

• 09:00 AM Premarket gainers: PIR +19%. SLM +15%. ARM +15%. LVLT +12%. IRE +11%. VICL +9%. DFS +7%. YRCW +7%. MPEL +6%. APWR +6%. ATHR +5%. AA +4%.
  Losers: CTIC -12%. RTP -6%. HMY -4%. Comment!

• Tuesday, April 7, 2009

• 08:24 AM Pier 1 Imports (PIR): Q4 EPS of -$0.33 misses by $0.01. Revenue of $389M vs. $269M. Same-store sales fell 9.7%. (PR) Comment!

• Thursday, December 18, 2008

• 08:15 AM Pier 1 Imports (PIR): Q3 EPS of -$0.41 misses by $0.16. Same-store sales -17.8%. Total sales -20% to $301M. Challenging market conditions will continue "well into fiscal 2010 and possibly longer." PIR faces possible delisting from NYSE. (PR) Comment!

• Thursday, September 18, 2008

• 07:02 AM Pier 1 Imports (PIR): Q2 EPS of -$0.34 misses by $0.10. Revenue of $320.5M (-7.0%) vs. $325.3M. [PR] Comment!
• 00:05 AM Notable earnings before Thursday's open: CAG, CCL, FDX, PIR Comment!

• Wednesday, June 25, 2008

• 10:45 AM Pier 1 (PIR) is up 20% after it dropped its offer to acquire rival Cost Plus (CPWM) for $88M in stock. Comment!
• 06:05 AM Pier 1 Imports (PIR) withdrew its proposal to buy rival Cost Plus (CPWM), saying it was unlikely it could acquire a majority interest at a decent price. Comment!

• Monday, June 16, 2008

• 10:28 AM Cost Plus (CPWM +1.8%) rebuffs Pier 1 Imports' (PIR +3.4%) $88M buyout offer, calling it "distracting and ill-timed given the difficult retail environment and the progress we have made..." Comment!

• Monday, June 9, 2008

• 15:17 PM Pier 1 Imports (PIR) falls 22% after offering to acquire Cost Plus (CPWM) for $4 per share, or about $88 million in stock. CPWM is up 9.8% to $3.32. Comment!