Diamonds and Dogs
2/26/13Vitamin Shoppe Inc. (VSI)
Vitamin Shoppe is not looking healthy today, down 18.64% at $51.44. The nutritional product company saw shares crash after missing analyst estimates for earnings. For the quarter, revenue was announced at $218.9 million missing analyst forecast of $223.6 million. Earnings per share was $0.32, which again missed Wall Street's estimates of $0.40 per share. The miss on earnings was partially blamed on Hurricane Sandy which had negative 1.6 percent impact, and affected around 160 stores. Vitamin Shoppe is trading in the middle of its 52-week range of $41.62-$65.93.
The Home Depot Inc. (HD)
Home Depot is building up its shares today, up 5.74% at $67.59. The home improvement retailer saw its shares climb higher after two positive signs. First, Home Depot announced that its income increased 32 percent on strong US sales, especially amidst the Hurricane Sandy clean-up. Second, US housing is continuing its recovery. The government released that housing starts were up 16 percent last month to its highest level since July 2008. Both of these report's benefit Home Depot and are helping to push the stock up near its 52-week high of $68.15.
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