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EZ2

01/08/09 8:29 AM

#27680 RE: EZ2 #27672

Thu 8:01am FDO

>> Discounters Will Continue to Lead Retail: Telsey

at CNBC

http://www.cnbc.com/id/28555619/site/14081545?__source=yahoo%7Cheadline%7Cquote%7Ctext%7C&par=yahoo
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timhyma

01/08/09 9:10 AM

#27681 RE: EZ2 #27672

AEO gonna hurt on this news:

The retailer lowered its fourth-quarter earnings forecast to a range of 19 cents to 21 cents a share, excluding any potential charge retailed to investment securities. That compares with its prior view of 30 cents to 36 cents a share. On average, analysts polled by FactSet Research were looking for 33 cents a share
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timhyma

01/08/09 9:12 AM

#27682 RE: EZ2 #27672

Looking forward- I would say discount earnings of retailers about 20%

Wal-Mart also lowered its earnings forecast to 91 to 94 cents a share for its fiscal fourth quarter, from its prior guidance of $1.03 to $1.07 a share, issued in November.