Nevertheless, the San Francisco-based retailer, which operates stores under the Gap, Old Navy and Banana Republic names, reiterated its annual profit outlook.
"After a disappointing start, I'm pleased with how the business performed toward the end of the quarter, especially at Old Navy," said Glenn Murphy, chairman and CEO of Gap, in a statement. "We are confident in our strategies to drive long-term value, as evidenced by the reaffirmation of our full-year guidance."
Like many retailers, Gap's business in the first quarter was hurt by a series of winter storms that chilled sales earlier in the year. Still, it's faring better than rivals like American Eagle Outfitters, which saw its quarterly earnings tumble 86% on huge markdowns intended to generate foot traffic. American Eagle said earlier in the week that it would close 150 stores over the next three years.
Hot Recreation Companies To Watch For 2015: Isis Pharmaceuticals Inc.(ISIS)
Isis Pharmaceuticals, Inc. engages in the discovery and development of antisense drugs using antisense drug discovery platform. The company?s antisense drug development programs focus on treating cardiovascular, metabolic, cancer, and severe neurodegenerative diseases. It has commercialized antisense drugs and has 24 drugs in development. Isis Pharmaceuticals, through Regulus Therapeutics Inc., also focuses on the discovery, development, and commercialization of microRNA-based therapeutics. The company has strategic alliances and collaboration agreements primarily with GlaxoSmithKline; Genzyme Corporation; Archemix Corp.; Alnylam Pharmaceuticals, Inc.; Bristol-Myers Squibb; Ortho-McNeil-Janssen Pharmaceuticals, Inc.; and Eli Lilly and Company. Isis Pharmaceuticals, Inc. was founded in 1989 and is based in Carlsbad, California.
Advisors' Opinion:- [By Jake L'Ecuyer]
Equities Trading UP
Isis Pharmaceuticals (NASDAQ: ISIS) shot up 6.71 percent to $38.48 after the company reported positive Phase 2 data on ISIS-APOCIII Rx in patients with familial chylomicronemia. - [By Rebecca McClay]
Isis Pharmaceuticals Inc. (Nasdaq: ISIS) this weekend announced interim data from an ongoing phase 2 study of ISIS-APOCIIIRx as a monotherapy in patients with very high to severely high triglycerides, or blood fat. Patients treated with ISIS-APOCIIIRx achieved statistically significant mean reductions of up to 79% in apolipoprotein C-III.
- [By Sean Williams]
Isis Pharmaceuticals (NASDAQ: ISIS ) delivered one of the top performances this past week, with shares rising 22%, after reporting phenomenal mid-stage results for APOCIII Rx, its triglyceride-reducing drug for patients with high triglyceride levels and type 2 diabetes. The patient pool for the study was relatively small, just 11 patients, but it delivered a 72% reduction in triglyceride levels while boosting high-density lipoproteins (the good type of cholesterol) by 40%. Isis also commented that APOCIII Rx improved insulin sensitivity which would aid type 2 diabetes patients in maintaining proper glycemic balance. There's still a long development process left for APOCIII Rx, but you should definitely have Isis added to your Watchlist.
Top Sliver Companies For 2014: ITC Holdings Corp. (ITC)
ITC Holdings Corp., through its subsidiaries, engages in the transmission of electricity in the United States. The company operates as conduits, allowing for power from generators to be transmitted to local distribution systems either entirely through its own systems or in conjunction with neighboring transmission systems. Its operations include asset planning; engineering, design, and construction; maintenance; and real time operations. ITC Holdings serves investor-owned utilities, municipalities, cooperatives, power marketers, and alternative energy suppliers. The company was founded in 2001 and is based in Novi, Michigan.
Advisors' Opinion:- [By Rich Duprey]
Electricity transmission company�ITC Holdings (NYSE: ITC ) announced today its third-quarter dividend of $0.425 per share, a 13% increase in the payout made to investors last quarter of $0.3775�per share.
- [By Richard Stavros]
In fact, investment opportunities in this niche could soon be on the rise. Several utilities have been considering creating standalone transmission companies this year, including Xcel Energy Inc (NYSE: XEL). But whether it’s a standalone company or the sale of transmission assets to a transmission company, regulatory approval will still be key. For instance, regulators declined Entergy Corp’s (NYSE: ETR) sale of its transmission assets to transmission company ITC Holdings Corp (NYSE: ITC) in 2013.
- [By Brian Pacampara]
Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, electricity transmission specialist ITC Holdings (NYSE: ITC ) has earned a coveted five-star ranking.
- [By Rajhkumar K Shaaw]
India�� S&P BSE Sensex ended three weeks of gains as Bharat Heavy Electricals Ltd., the largest maker of power equipment, slumped to a one-month low. ITC Ltd. (ITC), India�� biggest tobacco company, slid after its sales trailed estimates.
Top Sliver Companies For 2014: UPM-Kymmene Corporation (UPM1V)
UPM-Kymmene Corporation is a Finland-based paper and forest products company. The Company operates, along with its subsidiaries, in three segments: the Energy and Pulp segment is divided into three units: Energy, which includes the Company�� hydropower plant and shares in energy companies; Pulp, which includes the Company�� pulp mills, and Foster and Timber, which includes forests, wood procurement, sawmills and further processing; the Paper segment includes the Company�� paper mills, producing magazine paper, newsprint, fine papers, and specialty papers, and the Engineered materials segment is structured into two units: Label, which includes label-stock factories and slitting, and distribution terminals, and Plywood, which includes plywood mills. The Company�� other operations include the wood plastic composite unit, development units and logistic services. On October 2, 2013, it completed the sale of the wood processing mill in Aigrefeuille d'Aunis, to Groupe FP Bois. Advisors' Opinion:- [By Tom Stoukas]
UPM-Kymmene (UPM1V), a rival maker of paper, dropped 1.9 percent to 10.23 euros.
Aryzta surged 4 percent to 60.45 Swiss francs, the biggest gain since March 28. The owner of bakery brands including Delice de France and Otis Spunkmeyer posted full-year revenue of 4.5 billion euros ($6.1 billion), beating analysts��estimates of 4.43 billion euros. The company also forecast a double-digit percentage gain in 2014 earnings.
- [By Corinne Gretler]
UPM-Kymmene Oyj (UPM1V) fell 3.9 percent to 12.18 euros. UBS AG lowered Europe�� second-largest papermaker to sell from neutral. The brokerage said that demand for the company�� product will not recover in Europe and that the industry will probably reduce its capacity next year.
Top Sliver Companies For 2014: Hawkins Inc. (HWKN)
Hawkins, Inc. distributes bulk chemicals, as well as blends, manufactures, and distributes specialty chemicals. The company operates through two segments, Industrial and Water Treatment. The Industrial segment provides industrial chemicals, products, and services primarily to the agriculture, energy, electronics, food, chemical processing, pulp and paper, pharmaceutical, medical device, and plating industries. This segment primarily offers acids, alkalis, and industrial and food-grade salts; and receives, stores, and distributes various chemicals, including liquid caustic soda, sulfuric acid, hydrochloric acid, phosphoric acid, potassium hydroxide, and aqua ammonia. In addition, it manufactures sodium hypochlorite, agricultural products, and certain food-grade products comprising Cheese-Phos liquid phosphate, lactates, and other blended products; repackages water treatment and bulk industrial chemicals; and performs custom blending of certain chemicals, and contract and pr ivate label packaging for household chemicals. This segment primarily conducts its operations through distribution centers and terminal operations. The Water Treatment segment provides chemicals, equipment, and solutions for potable water, municipal and industrial wastewater, industrial process water, and non-residential swimming pool water. Hawkins, Inc. was founded in 1938 and is based in Minneapolis, Minnesota.
Advisors' Opinion:- [By Seth Jayson]
Hawkins (Nasdaq: HWKN ) reported earnings on May 29. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q4), Hawkins met expectations on revenues and beat expectations on earnings per share.
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