Reuters Insider - U.S. Morning Call: Lands' End and Adobe after the bell

Zall Smart Commerce

17/03/2016 14:20

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 Source:             Thomson Reuters                                   
                                                                       
 Description:        Multi-channel retailer Lands' End posts mixed     
                     results. Adobe seen reporting Q1 results that will 
                     beat the street, says Thomson Reuters StarMine.   
                     Southcross Energy Partners' shares look set to    
                     tank.                                             
 
 
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Transcript (May be auto-generated)

                 Good morning. The Retail sector sets the tone today. Lands' End reported mixed 
results – fourth quarter sales beat the street, but adjusted net profit 
missed. The retailer, which sells online, in catalogues and big shopping malls, 
has been struggling and blames the warm weather. Its CEO has been trying to turn
things around by upgrading their product designs and improving their technology 
platform. Shares in LightInTheBox surging more than 13% in the premarket. That's
after Zall development bought a 'strategic' stake in the company. Zall is a 
developer and operator of large-scale consumer-focused shopping malls in China. 

Southcross Energy Partners is set to post the biggest percentage loss in more 
than a couple of months. Shares looking like they'll tank 38% at the open. 
That's after its parent company said it may file for bankruptcy. Around 40% of 
oil and gas companies have folded since crude prices began to plummet in 2014. 
We're also watching Adobe Systems, which reports today after the close. 
First-quarter sales and profit are expected to beat estimates - that's according
to Thomson Reuters StarMine. Strong demand for Adobe's Creative Cloud software 
tools is lifting the bottom-line. JPMorgan and 

Citigroup shareholders will vote on whether their banks should consider breaking
into smaller pieces. The question will be included in the proxy filings for the 
two big US banks and voted on at shareholder meetings later this year. Analysts 
believe it's unlikely investors will support the proposal. Let's take a look how
Wall Street may open. Futures are heading lower a day after the Fed lowered 
expectations of two rate hikes this year, which boosted the S&P to its highest 
close this year. The Dow, S&P and NASDAQ look ready to trade in the red. And 
that's today's Morning Call. I'm Chitra Nawbatt and this is Reuters