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

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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
After coming under pressure in early trading, stocks have seen some further downside over the course of the trading day on Friday. With the losses on the day, the S&P 500 is pulling back well off the record closing high that it set in the previous session. With disappointing earnings news generating some selling pressure, stocks have moved mostly lower in early trading on Friday. The major averages have slid firmly into negative territory after ending the previous session nearly flat. After reporting an unexpected drop in new orders for U.S. manufactured durable goods in the previous month, the Commerce Department released a report on Friday showing that durable goods orders rebounded by more than expected in the month of June.
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