Among the premarket stories for Friday, August 21, from AP Financial News:
NEW YORK (AP) Fruit smoothies chain Jamba Inc. core offerings are a "low priority purchase" for consumers during tough times, an analyst said Friday, a day after the company said sales fell 15 percent in the second quarter. HOUSTON (AP) Jefferies & Co. lowered its ratings on eight solar companies Friday, citing numerous risks that could play out in the coming months, including a continuation of falling prices. NEW YORK (AP) Several analysts said Friday they were concerned about Zumiez Inc.'s performance this upcoming holiday season, after the sports retailer posted a second-quarter loss and predicted a decline in same-store sales for the third quarter. NEW YORK (AP) Pacific Sunwear's new emphasis on brands, footwear and accessories is the right one, analysts said Friday, but it's a long path back to a recovery given the teen retailer's deep sales declines. NEW YORK (AP) An analyst said a surprise earnings beat from ScanSource Inc. was due to one-time events, and left his full-year forecast for the distributor of bar-code scanners and other electronics unchanged. HARTFORD, Conn. (AP) McDermott International Inc.'s nuclear business is drawing more attention from investors and utilities, an analyst said Friday. NEW YORK (AP) A Stifel Nicolaus & Co. analyst said Friday that the latest quarterly results from Hibbett Sports Inc. were "troubling" and it may suffer as Walmart stores offers more specialized sports gear.- Loading Comments...
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