Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

USB Piper Cuts Delia's to 'Outperform'


USB Piper downgraded Delia's (DLIA) to outperform from strong buy.

Analyst Jeffrey Klinefelter says he downgraded amid a sharp decline in both retail and catalog sales during the latter part of July. He says with the company's reduction in revenue forecast, she expects de-leveraging gross margin, as well as sales general & administration (SG&A) margins. He believes shares will continue to be pressured until the company is profitable.

Klinefelter says longer term, Delia's will benefit from its strong brand recognition and growth opportunities. He cut the $0.06 fiscal 2003 (Jan.) earnings per share estimate to a $0.20 loss, and cut the $0.30 fiscal 2004 earnings per share estimate to $0.20 earnings per share.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus