Diamonds and Dogs
10/25/12Build-A-Bear Workshop Inc. (BBW)
Build-A-Bear is getting its stuffing ripped out today, down 21.80% at $3.30. The teddy bear/stuffed animal company saw its shares fall after a poor earnings report. Build-A-Bear reported a net loss of $4.3 million, or 26 cents per share. The loss was well below estimates, with analysts' expecting the company to earn 10 cents per share on revenue of $97.2 million. Last year, the company reported net income of $854,000, or 5 cents per share. Build-A-Bear said that it will close down 50 to 60 underperforming stores in an attempt to improve its profitability. It seems that investors have out-grown their teddy bear, with shares setting a new 52-week low today.
Overstock.com Inc. (OSTK)
Overstock.com is "over-stocking" its gains today, up 23.40% at $13.50. The online retailer saw its shares spike after a positive earnings report was released. Overstock.com posted revenue of $255.4 million, up 7% from a year ago. Furthermore, the company had profits of 11 cents per share which were up significantly from their loss of 33 cents per share, last year. Analysts' were expecting $253.8 million in revenue and a loss of 10 cents per share. The positive earnings has attracted investors back to the stock, pushing shares up to a new 52-week high.
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