International Business News - PETM http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Petsmart Inc. is poised to gain from higher prices on the services side of its business and continued demand for less discretionary products, an analyst said Wednesday. http://www.ibtimes.com/articles/20081001/analyst-upbeat-on-petsmarts-prospects.htm Wed, 01 Oct 2008 10:44:40 EDT Among the premarket activity stories for Monday, Sept. 8, from AP Financial News: NEW YORK (AP)--An analyst downgraded shares of carpet and flooring maker Mohawk Industries Inc. on its exposure to weakening U.S. nonresidential and European markets and the stock's summer surge. http://www.ibtimes.com/articles/20080908/premarket-roundup-mohawk-industries-phh.htm Mon, 08 Sep 2008 09:01:59 EDT A Goldman Sachs analyst downgraded his rating on shares of pet supply retailer Petsmart Inc. on Monday, saying a moderation of inflation may limit sales growth. http://www.ibtimes.com/articles/20080908/ahead-of-the-bell-petsmart-downgraded.htm Mon, 08 Sep 2008 08:24:40 EDT Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market: NYSE http://www.ibtimes.com/articles/20080829/dell-petsmart-intl-rectifier-are-big-movers.htm Fri, 29 Aug 2008 18:18:30 EDT Analysts were upbeat about PetSmart Inc. Thursday after the pet supply retailer affirmed its 2008 profit expectations. "The firm is capturing food price inflation, with no incremental damage to traffic, and holding merchandise margins, both on food and overall," Goldman Sachs analyst Matthew Fassler wrote in a note to investors. http://www.ibtimes.com/articles/20080829/ahead-of-the-bell-analysts-upbeat-on-petsmart.htm Fri, 29 Aug 2008 08:58:53 EDT PetSmart Inc. said Thursday that it will meet its targets for the 2008 fiscal year after reporting better-than-expected second-quarter earnings. The company said it expects to earn $1.51 to $1.59 per share for the year, reiterating earlier estimates. It also said it expects sales growth in the high single digits to low double digits and same-store sales growth the mid-single digits. Same-store sales, or sales in stores open at least a year, is a key indicator of retailer performance since it measures growth at existing stores rather than newly opened ones. http://www.ibtimes.com/articles/20080828/petsmart-reiterates-full-year-guidance.htm Thu, 28 Aug 2008 19:48:18 EDT PetSmart Inc. said Thursday its profit slipped more than 20 percent in the second quarter even as sales grew. The company reported net income of $37.2 million, or 30 cents per share, for its second fiscal quarter. That compares with net income of $47.1 million, or 35 cents per share, in the same quarter of last year, which included a $6.7 million benefit from a one-time event. http://www.ibtimes.com/articles/20080828/petsmart-income-drops-sales-grow-in-2q.htm Thu, 28 Aug 2008 17:00:21 EDT The Nasdaq 100 index rose Tuesday as shares of biopharmaceutical company Celgene Corp. advanced after competitor SuperGen Inc.'s bone marrow cancer drug Dacogen failed a late-stage European study. http://www.ibtimes.com/articles/20080701/nasdaq-100-leaders-and-laggards-celg-uaua.htm Tue, 01 Jul 2008 16:45:37 EDT The Nasdaq 100 index rose slightly in midday trading Tuesday as the broader markets fluctuated and investors scrutinized a report showing fuel prices continue to lambast the manufacturing sector. http://www.ibtimes.com/articles/20080701/midday-leaders-and-laggards-nasdaq-100.htm Tue, 01 Jul 2008 12:08:01 EDT A director of Petsmart Inc., a pet-supplies retailer, sold 2,525 shares of common stock, according to a Securities and Exchange Commission filing Thursday. http://www.ibtimes.com/articles/20080620/petsmart-director-richard-lochridge-sells-shares.htm Fri, 20 Jun 2008 13:18:46 EDT The son, daughter and mother of a man who allegedly contracted "parrot fever" from a cockatiel purchased at PetSmart are suing the national pet chain in a wrongful death lawsuit filed Tuesday in Nueces County state court. http://www.ibtimes.com/articles/20080617/pet-chain-sued-for-parrot-fever-death.htm Tue, 17 Jun 2008 15:08:28 EDT The Nasdaq 100 index ended lower Wednesday, as a jump in oil prices tugged Wall Street down and sparked concern that the world's central banks may lift interest rates. http://www.ibtimes.com/articles/20080611/nasdaq-100-leaders-and-laggards-uaua-spls.htm Wed, 11 Jun 2008 16:31:26 EDT The Nasdaq 100 index declined in midday trading, pulled lower by a rebound in the price of oil and a downgrade of Microchip Technology Inc. Microchip's stock declined $2.64, or 7.7 percent, to $31.55, following an analyst downgrade from JPMorgan, forecasting a slowdown in the Chinese market. http://www.ibtimes.com/articles/20080611/midday-leaders-and-laggards-nasdaq-100.htm Wed, 11 Jun 2008 11:50:30 EDT Among the premarket stories for Wednesday, June 11, from AP Financial News: NEW YORK (AP)--Rising food prices and a favorable industry position will likely aid PetSmart Inc., an analyst said Wednesday while upgrading the pet products retailer. http://www.ibtimes.com/articles/20080611/premarket-roundup-petsmart-steris.htm Wed, 11 Jun 2008 09:43:58 EDT Rising food prices and a favorable industry position will likely aid PetSmart Inc., an analyst said Wednesday while upgrading the pet products retailer. http://www.ibtimes.com/articles/20080611/ahead-of-the-bell-analyst-upgrades-petsmart.htm Wed, 11 Jun 2008 08:01:55 EDT The senior vice president of real estate at pet products retailer Petsmart Inc. exercised options for 10,834 shares of common stock, according to a Securities and Exchange Commission filing Friday. http://www.ibtimes.com/articles/20080602/petsmart-senior-vp-exercises-options.htm Mon, 02 Jun 2008 14:05:51 EDT Strong quarterly earnings from Marvell Technology Group Ltd. helped lift the Nasdaq 100 index Friday. The index, which includes 100 of the largest nonfinancial securities listed on the Nasdaq Stock Market, added 13.55 points to 2,032.57. The broader Nasdaq composite gained 14.34 points to 2,522.66. http://www.ibtimes.com/articles/20080530/nasdaq-100-leaders-and-laggards-mrvl-siri-infy.htm Fri, 30 May 2008 17:07:40 EDT In a May 21 story about PetSmart, The Associated Press reported erroneously that the company said customer traffic increased in the first quarter, countering the effects of inflation. The company reported that higher inflation increased its revenue, but that was partly canceled out by decreased customer traffic. http://www.ibtimes.com/articles/20080523/correction-petsmart-earnings-story.htm Fri, 23 May 2008 09:16:17 EDT Shares of pet products retailer PetSmart Inc. jumped Thursday as some analysts bet that services and higher pet food prices will continue to boost the company's results, despite the growing pressures on consumer spending. http://www.ibtimes.com/articles/20080522/petsmart-shares-jump-on-better-than-expected-1q.htm Thu, 22 May 2008 18:39:06 EDT Among the earnings projection stories for Wednesday, May 21, from AP Financial News: MOUNTAIN VIEW, Calif. (AP) _ Synopsys Inc. on Wednesday raised its profit and revenue targets for fiscal 2008. http://www.ibtimes.com/articles/20080521/outlook-roundup-synopsys-cost-plus.htm Wed, 21 May 2008 18:24:02 EDT