The dow gains 67 points, closing over 19,000 for the first time ever. The s p advancing. 22 and the nasdaq climbing. 33. We always hear about beats but what do they really mean . Whats a great one . What really impacts the stock . What moves it. Take out a pen and paper and lets do some learning. The best kind of beat, the quarter we got today from Burlington Stores. Here is a discount clothing chain that has a track record of blowing the numbers and raising its forecast with the analysts aggressively following along. These kind of situations can be dangerous. After a while, the analysts want to get ahead of the up side surprises to make sure the company isnt manufacturing the goodness, the expectations. When burling reported this morning, it was astonishing. Wall street was expecting them to earn 33 cents. They earned 51 cents. They had a fan it is tick same store sales number. The ceo said our consistent performance continues to demonstrate the on going success of our initiatives to
Nasdaq climbing. 33. We always hear about beats but what do they really mean . Whats a great one . What really impacts the stock . What moves it. Take out a pen and paper and lets do some learning. The best kind of beat, the quarter we got today from Burlington Stores. Here is a discount clothing chain that has a track record of blowing the numbers and raising its forecast with the analysts aggressively following along. These kind of situations can be dangerous. After a while, the analysts want to get ahead of the up side surprises to make sure the company isnt manufacturing the goodness, the expectations. When burlington reported this morning, it was astonishing. Wall street was expecting them to earn 33 cents. They earned 51 cents. They had a fan it is tick same store sales number. Demonstrate the on going success of our initiatives to elevate our offprice model. Our focus to provide our customers with compelling assortments leads to another quarter of increased store traffic. We bel
South San Francisco Police Officer has lifethreatening injuries. The department recently released a picture of officer robby chon. Hes been on the force for 12 years and was on duty yesterday, thanksgiving day, when he was attacked. Abc7 News Reporter vic lee has the details. My son didnt know that this is a little mental. Reporter the suspect, luis ramoscoreas mother talked to us. She told us her son has mental issues and takes medication. Was he taking his medication yesterday . I dont know. He left very early in the morning. Reporter this grainy security video shows officer robby chon chasing the suspect. He stops and strikes the officer, who goes down. Another Security Camera picks up the suspect running down linden avenue after he attacked the officer. He was captured minutes later. The officer is a 12year veteran of the south San Francisco police department. He is married, and he has two young children. Reporter officer robby chon is assigned to the motorcycle unit. It happened y
That is relatively fast when we are talking transit world and how long it can take to get the projects moving. This is great news. The view of the bay bridge from where i am standing is gorgeous but it is another story when we are talking about the rush hour commute. The bay bridge is per perpetually congested. But there are temporary remedies including adding ferries and buses. These work. We do it during the bart strike and we will take Emergency Matters and make them permanent. They approved 40 million yesterday to relieve bay bridge traffic. It will Fund Additional ferry trips and new vessels as early as this fall. Something that commuters from alameda are eager to hear. For the South San Francisco route that started four years ago there were not man riders and now we have reached exist. A. C. Transit will aid in purchasing double deck are buses, that should arrive in a year and a half. It is crowded on bart. We are not going to fill the bridge. Anything to ease the congestion on t
How did you like the weather today . Im not complaining. Hey, why not. It depends on where you work. That this is probably way too hot. But along the coast its absolutely beautiful. Were going to shave off a few degrees today. Im sure folks inland will be grateful for that. But you can see why, we have turned on their natural air conditioner here as we would like to call it fog and the marine layer and the marine influence. It has moved into the bay as you can see it with a live look over San Francisco. Temperatures starting out hovering around the 60degree mark. Similar to where we were this time yesterday. But after the patchy clouds that will start their modest cooling today, not significant. Still going to be hot inland. We will shave off a few degrees as we start to feel a bit more of that marine influence. Temperatures topping out in the upper 90s, maybe ant jobbing, antioch. Your full forecast in a bit. Thank you, julie. Here are your top stories, this morning a man hunt is unde