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Shares of Aeropostale, Inc. (NYSE:ARO) lose a third of their value on the day, subsequent to the youth-focused retailer’s outlook for revenue. The second quarter saw flat sales and the company now expects to break even after previous estimates forecast 3 to 5 cents per share profit.
Travel companies including Expedia, Inc. (NASDAQ:EXPE), Orbitz Worldwide, Inc. OWW), TripAdvisor (TRIP), and Priceline.com Incorporated (NASDAQ:PCLN) could be in for a very profitable autumn should the Transportation Department rule favorably at that time in a case that involves how the industry informs travelers about their options. Airline companies and consumer advocates will square off at a hearing conducted by the Department. The former wants to keep specific details on deals and availability exclusively on their own websites and the latter says that customers should have the right to make direct comparisons. If the details were presented all together, carriers might have to deal with prices wars and other undesirable effects.
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