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Watch List Highlights - Canadian Solar Inc. (NASDAQ:CSIQ), Ann Inc (NYSE:ANN), Prestige Brands Holdings, Inc. (NYSE:PBH)

Watch List Highlights - Canadian Solar Inc. (NASDAQ:CSIQ), Ann Inc (NYSE:ANN), Prestige Brands Holdings, Inc. (NYSE:PBH)
Written by
Chris Sandburg
Published on
November 6, 2014
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Canadian Solar Inc. (NASDAQ:CSIQ) said it has won three solar photovoltaic projects totaling 114 megawatts in Brazil. The solar power company and partner Solatio will develop, build and own the solar power plants which, once connected to the grid, will sell the electricity generated to the Agencia Nacional de Energia Eletrica, a Brazilian government entity, under a 20-year Power Purchase Agreement at R$216.12/MWh ($86.42/MWh). Canadian Solar Inc. (NASDAQ:CSIQ) is trading in the lower half of the 52-week range between $21.38 and $44.50.Ann Inc (NYSE:ANN) said Thursday morning its Q3 results fell short of its expectations, reflecting lower mall traffic and a highly promotional retail environment. In addition, sales during the first half of the quarter were negatively impacted by product shipment delays related to labor uncertainty at the West Coast ports, which were mitigated by the use of air freight later in the quarter. Further to these external pressures, Ann Taylor also experienced soft product performance in select categories, resulting in its first negative comparable sales performance in the last ten quarters.For Q3, Ann Inc (NYSE:ANN) now expects sales of $647 million, reflecting a comparable sales decline of 4.3%, and below the analyst consensus of $666 million on Capital IQ. For Q4, sales are seen at about $630 million, reflecting a comparable sales decline in the low single digits, and below Street estimates of $641.5 million. Full year 2014 sales are seen at $2.516 billion, vs. expectations of $2.548 billion.Prestige Brands Holdings, Inc. (NYSE:PBH) revealed better-than-expected earnings for Q2 ended September 30 that resulted from an 8.6% year-over-year increase in revenues. The retailer of healthcare and household products said net income for the quarter was $16.5 million, or $0.31 per diluted share, 49.7% lower than the prior year comparable quarter's results due to acquisition-related items in the quarter. On an adjusted basis, however, net income increased 6.4% to $0.50 per diluted share, exceeding the Street call of only $0.45 provided by Capital IQ.Revenues jumped to $181.3 million from the prior year comparable period's revenues of $166.9 million, also ahead of the Capital IQ consensus of $169.57 million. The firm's North American OTC Healthcare, North American OTC Healthcare, and Household Cleaning segments all registered growth in revenues. Given favorable results, Prestige Brands Holdings, Inc. (NYSE:PBH) is reaffirming its fiscal year 2015 adjusted EPS guidance of $1.75 to $1.85 and revenue growth of 15% - 18%.

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