Shares of Coach (COH) were falling nearly 10% in morning trading, on mixed fiscal fourth-quarter results and the departure of a key brand and two executives.
This morning, Coach said it earned $221.3 million, or 78 cents a share, down from 86 a share in the year-ago period. Excluding one-time items, earnings per share rose to 89 cents from 86 cents. Revenue rose 5.8% to $1.22 billion, a 9% increase on a constant currency basis.
Analysts were looking for Coach to earn 89 cents a share on revenue of $1.24 billion.
Gross margin was flat at 72.6%. Although U.S. and international sales were strong, including a 35% jump in China, domestic same store sales fell in the quarter.
Separately, the company announced that �North American Group President Mike Tucci and President and Chief Operating Officer Jerry Stritzke have will leave the company by the end of next month. Francine Della Badia will take over Tucci�� role, but the release did not name a new COO.
In addition, Coach said that it is selling its luxury clothing and accessory Reed Krakoff business to a group led by the eponymous Reed Krakoff. The move isn�� a surprise as Krakoff, former creative director at Coach, had declined to renew his contract, and the company had been exploring strategic options for the brand.
5 Best Restaurant Stocks To Buy For 2015: Netease.com Inc.(NTES)
NetEase.com, Inc., an Internet technology company, engages in the development of applications, services, and other technologies for the Internet in China. It provides online game services to Internet users through the in-house development or licensing of massively multi-player online role-playing games, including Fantasy Westward Journey, Westward Journey Online II, Westward Journey Online III, Tianxia II, Heroes of Tang Dynasty, and Datang, as well as the licensed game, Blizzard Entertainment's World of Warcraft. The company also offers online advertising on its Web sites. In addition, NetEase has paid listings on its search engine and Web directory, and classified advertising services, as well as an online mall, which provides opportunities for e-commerce and traditional businesses to establish their own storefront on the Internet. Further, it provides wireless value-added services, such as news and information content, matchmaking services, music, and photos from the We b over SMS, MMS, WAP, IVR, and Color Ring-back Tone technologies. Additionally, the company offers community services, including instant messaging, online personal advertisements, matchmaking, alumni clubs, and community forums; and aggregates news content on world events, sports, science and technology, and financial markets, as well as entertainment content, such as cartoons, games, astrology, and jokes from over 100 international and domestic content providers. NetEase.com, Inc. was founded in 1997 and is based in Beijing, the People?s Republic of China.
Advisors' Opinion:- [By Jake L'Ecuyer]
NetEase (NASDAQ: NTES) was down, falling 4.55 percent to $66.25 after the company posted its Q3 unaudited financial results. Deutsche Bank downgraded the stock from Buy to Hold.
- [By MONEYMORNING]
NetEase Inc. (ADR) (Nasdaq: NTES) is one of China's oldest e-commerce firms and is heavily involved in online gaming, a very lucrative market.
Strategy Analytics estimates that China contributed $8 billion to global online gaming sales of roughly $15 billion last year. Gaming dominates NetEase's operations, accounting for 83% of the firm's $401 million in sales in last year's third quarter.
- [By Roberto Pedone]
NetEase (NTES), through its subsidiaries, operates in online games, Internet portal and e-mail and wireless value-added services businesses in the People's Republic of China. This stock closed up 1.5% at $85 in Wednesday's trading session.
Wednesday's Volume: 806,000
Three-Month Average Volume: 356,752
Volume % Change: 122%From a technical perspective, NTES trended modestly higher here right above some near-term support at $81.42 with above-average volume. This stock has been downtrending over the last month and change, with shares moving lower from its high of $90.77 to its recent low of $81.42. During that downtrend, shares of NTES have making mostly lower highs and lower lows, which is bearish technical price action. That said, shares of NTES have now started to rebound off that $81.42 low and it's quickly moving within range of triggering a near-term breakout trade. That trade will hit if NTES manages to take out its 50-day moving average of $86.28 with high volume.
Traders should now look for long-biased trades in NTES as long as it's trending above Wednesday's intraday low of $82.65 or above more near-term support at $81.42 and then once it sustains a move or close above its 50-day at $86.28 with volume that hits near or above 356,752 shares. If that breakout kicks off soon, then NTES will set up to re-test or possibly take out its next major overhead resistance levels at $90.08 to $90.77, or even its 52-week high at $91.06. Any high-volume move above its 52-week high at $91.06 will then give NTES a chance to make a run at $95 to $100.
- [By RHPanalysts]
NetEase (NTES), one of China's leading Internet and online game services providers, had a bad start to fiscal 2014. NetEase��results were upsetting. The Chinese gaming company posted weak results, disappointing expectations. However, management is citing this as seasonal weakness. The CEO, on the other hand, is expecting growth in the business. Let us find out what NetEase has in store for investors.
Top 5 China Stocks To Buy For 2014: Home Inns & Hotels Management Inc.(HMIN)
Home Inns & Hotels Management Inc. develops, leases, operates, franchises, and manages a chain of economy hotels in the People?s Republic of China. The company operates its hotels under the Home Inn brand name. As of April 28, 2011, it had approximately 800 Home Inns in operation and 1,000 Home Inns sealed in franchise agreements. The company was incorporated in 2001 and is headquartered in Shanghai, the People?s Republic of China.
Advisors' Opinion:- [By Seth Jayson]
Home Inns & Hotels Management (Nasdaq: HMIN ) reported earnings on May 13. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Home Inns & Hotels Management missed estimates on revenues and beat expectations on earnings per share. - [By Belinda Cao]
The Bloomberg China-US Equity Index (CH55BN) of the most-traded Chinese companies in the U.S. slumped 3.4 percent last week to a seven-month low of 89.04. The gauge traded at 13.5 times estimated earnings, 3.6 percent below the S&P�� valuation, data compiled by Bloomberg show. China Southern Airlines Co. (ZNH) and China Eastern Airlines Corp. (CEA) lost more than 6 percent April 5, while Home Inns & Hotels Management Inc. (HMIN) tumbled 16 percent in the week.
- [By Jim Jubak]
We��e been down this road with Home Inns and Hotels Management (HMIN) before. Which doesn�� make it any less scary.
The stock is down 22.2% in the last ten days��espite solid��ut certainly not spectacular��esults for the fourth quarter, reported on March 12.
- [By Monica Gerson]
Home Inns & Hotels Management (NASDAQ: HMIN) is estimated to post its Q4 earnings at $2.18 per share on revenue of $1.54 billion.
Qiwi plc (NASDAQ: QIWI) is expected to report its Q4 earnings at $0.28 per share on revenue of $50.00 million.
Top 5 China Stocks To Buy For 2014: Perfect World Co. Ltd.(PWRD)
Perfect World Co., Ltd., through its subsidiaries, engages in the research, development, operation, and licensing of online games primarily in the People?s Republic of China, the United States, and the Rest of Asia. It develops online games based on its game engines and game development platforms. The company?s 3D massively multiplayer online role playing games (MMORPGs) include Perfect World, an adventure and fantasy game with traditional Chinese settings; Legend of Martial Arts, an adventure story of Chinese swordsmen set in an ancient kingdom; and Perfect World II, which is set in a similar content and graphic background as Perfect World. It also offers Zhu Xian that is based on martial arts focused adventure set in a fantasy world; Chi Bi, a war story developed based on ancient Chinese history known as the Three Kingdoms; Hot Dance Party, a 3D online casual game; Pocketpet Journey West, a 3D MMORPG based on the classical novel of Chinese literature, Journey to the West ; Battle of the Immortals, a mysterious adventure, which enables game players to travel between eastern and western cultures, and adventures in historic sites and turf wars; and Fantasy Zhu Xian, a 2D turn-based MMORPG based on the Internet fantasy novel Zhu Xian. It also involves in the production and distribution of films, as well as television advertising activities. The company was founded in 2004 and is based in Beijing, the People?s Republic of China.
Advisors' Opinion:- [By Kevin Chen]
Two companies that seem on an unstoppable path of profits are Giant Interactive� (NYSE: GA ) and NetEase (NASDAQ: NTES ) .�Meanwhile, Shanda Games� (NASDAQ: GAME ) and Perfect World� (NASDAQ: PWRD ) haven't done as well.
- [By Eric Volkman]
Perfect World's (NASDAQ: PWRD ) fortunes might just be improved with a freshly announced new title. The company has revealed that its latest game, Fortuna, will be available starting on July 18. Set in Europe during the Age of Discovery, the browser-based title is a strategy/war game in which players vie to develop modest settlements into global empires. Fortuna features the usual cutthroat conventions of the strategy and combat genres, including the ability to throw armies into battle, and to form opportunistic alliances with other players.
Top 5 China Stocks To Buy For 2014: Trina Solar Limited(TSL)
Trina Solar Limited, through its subsidiaries, designs, develops, manufactures, and sells photovoltaic (PV) modules worldwide. The company offers monocrystalline PV modules ranging from 165 watts to 185 watts in power output; and multicrystalline PV modules ranging from 215 watts to 240 watts in power output that provide electric power for residential, commercial, industrial, and other applications. It also involves in the design and production of various PV modules, such as colored modules for architectural applications and larger sized modules for utility grid applications based on customers? and end-users? specifications. Trina Solar Limited sells and markets its products primarily to distributors, wholesalers, power plant developers and operators, and PV system integrators. The company was founded in 1997 and is based in Changzhou, the People?s Republic of China.
Advisors' Opinion:- [By Jake L'Ecuyer]
Shares of Trina Solar (NYSE: TSL) got a boost, shooting up 4.54 percent to $15.42 after the company posted a profit in the fourth quarter.
MBIA (NYSE: MBI) was also up, gaining 8.18 percent to $14.41 after the company reported upbeat Q4 earnings.
- [By Jake L'Ecuyer]
Trina Solar (NYSE: TSL) was also up, gaining 2.47 percent to $16.59 after the company posted a profit in the third quarter and lifted its full-year shipment outlook.
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