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Earnings Watch For March 8 (ANN, FL, GCO)

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3/8/2013 5:21 AM ET

Women's apparel retailer ANN Inc. (ANN: Quote) is expected to report results for the fourth quarter. The New York-based company's earnings are expected to decline sharply to $0.01 per share from $0.10 per share reported a year earlier, whereas quarterly revenues are anticipated to grow to $617.82 million from last year's $566.66 million. The shares closed Thursday at $29.00. (52-wk H/L $39.78/$23.93)

Specialty athletic retailer Foot Locker, Inc. (FL: Quote) is slated to report fourth-quarter results. The company is expected to post earnings of $0.73 per share, higher than the year-ago quarter's $0.55 per share. Also, the company is anticipated to generate revenues of $1.69 billion compared to $1.50 billion in the prior-year quarter. Shares of FL closed Thursday's trade at $35.31. (52-wk H/L $37.65/$27.86)

Nashville, Tennessee-based Genesco, Inc. (GCO: Quote) is scheduled to report fourth-quarter results. The specialty retailer is expected to post earnings of $2.12 per share, an increase from $1.97 per share a year ago, with revenues estimated at $774.51 million. The company's shares closed Thursday's regular trading at $61.17. (52-wk H/L $78.97/$50.33)

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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Editors Pick
The Reserve Bank of New Zealand on Thursday raised its Official Cash Rate by 25 basis points, to 3.00 percent from 2.75 percent. The decision was in line with expectations, and it marks the second straight month with a rate hike following 24 straight meetings in which the rate was not changed. New Zealand's economic expansion has considerable momentum, with GDP estimated to have grown by 3.5 percent in the year to March. Apple Inc. said Wednesday after the markets closed that its second quarter profit rose 7% from last year, as sales surged and margins improved amid strong sales of its iPhones. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly revenue. At the same time, the company gave a slightly downbeat revenue forecast for the current quarter. Stocks moved mostly lower during trading on Wednesday, giving back some ground after trending higher over the past several sessions. Selling pressure was relatively subdued, however, limiting the downside for the markets. The major averages all closed in the red, although the tech-heavy Nasdaq underperformed its counterparts by a wide margin.
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