Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


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.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Wedbush Downgrades Oakley to 'Hold'

Wedbush downgraded Oakley (OO) to hold from buy.

Analyst Mitch Kummetz says the company cut its fourth quarter guidance two times in just over three months, representing the sixth consecutive year-over-year quarterly earnings per share decline. Kummetz says the company attributed the fourth quarter shortfall to soft sunglass sales in the U.S., Europe and South Pacific.

Kummetz notes the shortfall is not only with wholesale customers, but also in its retail stores. He lowered the 68 cents 2002 earnings per share estimate to 61 cents and cut the 76 2003 estimate to 61 cents.

blog comments powered by Disqus