Coach Inc
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Despite a recent jump in Coach's share price on signs of stabilization, Goldman Sachs issued a research note saying that the retailer's turnaround may be just midway through.
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*North America comparable sales down 2 percent. Jan 23- Coach Inc on Wednesday reported weak holiday-quarter results and unveiled a new strategy for shoes and clothing, spooking investors with the notion that the days of strong demand for its premium leather handbags may be numbered.
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*Google, IBM climb on strong earnings. NEW YORK, Jan 23- U.S. stocks advanced on Wednesday, with the S&P 500 inching up for a sixth day in a row, as stronger-than-expected profits at IBM and Google helped alleviate investor concerns about the tech sector.
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Many corporations are tempering their earnings beats with more than a dollop of caution about the outlook for 2013, which is barely 3 weeks old.
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*Google and IBM both rally after reporting results. NEW YORK, Jan 23- The Dow and Nasdaq advanced on Wednesday, lifted by IBM and Google whose stronger-than-expected profits helped to alleviate growing investor concern about the tech sector.
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The FMHR traders debate whether it's time to "cut and run" on Coach stock. Also, Toni Sacconaghi, Sanford Bernstein, explains why Apple needs to have a "sufficient " beat when it reports after the bell today.
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Earnings beats from Google and IBM boosted Apple stock on Wednesday, as traders bet the one-time darling could regain some of its luster when it reports earnings after the bell.
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CNBC's Herb Greenberg talks about the luxury retailer transitioning into a "lifestyle brand."
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Jennifer Davis, Lazard Capital Markets breaks down the luxury retailer's earnings miss and explains how it is transforming its lifestyle brand into accessories.
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*Google and IBM both rally after reporting results. *Apple results due after market closes. Internet search company Google Inc added to the advance, rising 5.1 percent to $738.65 a day after Google reported its core business outpaced expectations.
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*Google and IBM both rally after reporting results. *Apple results due after market closes along with Netflix. Tech shares will be in focus with earnings due from tech heavyweight Apple and following strong results from both IBM and Google, which rallied in premarket trading and continued the string of major companies outperforming following results.
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The "Squawk on the Street" news crew reports on today's market moving stories, including McDonald's earnings beat; a surge in IBM and Google; and Coach stock taking a hit after missing on the top and bottom line.
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U.S. stock index futures were flat Wednesday as investors digested a batch of corporate earnings results and following the recent rally that took major averages to their best levels in more than five years.
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*2nd- qtr EPS $1.23 vs $1.28 Wall Street forecast. Jan 23- Upscale leather-goods maker and retailer Coach Inc on Wednesday reported holiday quarter revenue below Wall Street forecasts as a tough economy and stiff competition in the women's handbags segment hurt sales in North America.
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Upscale leather-goods maker and retailer Coach reported holiday quarter revenue below Wall Street forecasts amid a tough economy and stiff competition.
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*Apple results due after market closes along with Netflix. Tech shares will be in focus with earnings due from tech heavyweight Apple and following strong results from both IBM and Google, which rallied in premarket trading and continued the string of major companies outperforming following results.
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*2nd- qtr EPS $1.23 vs $1.28 Wall Street forecast. Jan 23- Upscale leather-goods maker and retailer Coach Inc on Wednesday reported holiday quarter revenue below Wall Street forecasts as a tough economy and stiff competition in the women's handbags segment hurt sales in North America.
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Jan 23- Upscale leather-goods maker and retailer Coach Inc on Wednesday reported holiday quarter sales below Wall Street forecasts as a tough economy and more discounting on women's handbags by rivals hurt sales in North America.
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*Google and IBM both rally after reporting results. NEW YORK, Jan 23- The Dow and Nasdaq edged higher on Wednesday, lifted by IBM and Google whose stronger-than-expected profits helped to soothe investors' concerns about the tech sector.
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*Qtly profit $1.23/ share vs Street view $1.28. Jan 23- Coach Inc on Wednesday reported holiday quarter revenue well below Wall Street forecasts, hit by stiff competition in the handbag segment it has long dominated and a tough environment that saw many retailers cut prices to attract shoppers.
