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STOCK MOVERS

U.S. Movers: Analog Devices, Best Buy, Campbell Soup, Kohl's, TJX, Target


Author: Mukesh Buch
ticker.com
Last Update: 6:23 AM EST November 20 2018

1:05 PM New York City, New York Analog Devices beat earnings results. Best Buy reported better-than-expected results. Campbell Soup quarterly profit beats estimates. Kohl''s net surged and retailer lifted earnings per share forecast. TJX fell despite strong results. Target missed earnings estimates.

Tollbooth Index plunged 635.19 or 4.2% to 14,526.51 but for the year-to-date soared 5.6%.

Earnings Review

Analog Devices Inc (ADI) advanced 2.1% $1.82 to $87.34 after the integrated circuits maker reported revenues in the fourth-quarter ending in September rose 4% from a year ago to $1.6 billion.

Net income in the quarter jumped 4.5% to $433 million or $1.15 per diluted share from $414.5 million or 93 cents in the same quarter last year.

Analog Devices forecasted fiscal first-quarter revenues between $1 billion and $1.51 billion and diluted earnings per share in the range of 85 cents to 92 cents.

Best Buy Co Inc (BBY) jumped 3.5% or $2.2 to $64.36 after the consumer electronics retailer said revenues in the third-quarter ending on October 28 fell 2.9% from a year ago to $9.6 billion.

Comparable store sales in the quarter advanced 4.3%.

Net income in the quarter soared 15.9% to $277 million or 99 cents per diluted share from $239 million or 78 cents in the same quarter last year.

The electronics retailer forecasted fiscal 2019 revenues in the range of $42.5 billion to $42.9 billion and comparable sales growth between 4% and 5% and lifted diluted earnings per share growth to 15% to 17% or in the range of $5.09 to $5.19 from the earlier estimate of $4.95 to $5.10.

Barnes & Noble Inc (BKS) declined 5.6% or 38 cents to $6.37 after the bookseller stated total sales in the third-quarter ending on October 27 dropped 2.5% from a year ago to $771.2 million.

Comparable store sales in the quarter slipped 1.4%.

Net loss in the quarter narrowed to $27.4 million or 38 cents per diluted share from $30.1 million or 41 cents in the same quarter last year.

The Campbell Soup Company (CPB) soared 6.7% or $2.57 to $41.03 after the soups and related products maker said net sales in the first-quarter ending on October 28 surged 25% from a year ago to $2.7 billion.

Net income in the quarter declined 15% to $350 million or 79 cents per diluted share from $412 million or 92 cents in the same quarter last year.

Kohl''s Corporation (KSS) plunged 8.3% or $5.90 to $65.10 after the department store operator reported total revenues in the third-quarter ending on November 3 grew 1.3% from a year ago to $4.6 billion.

Comparable store sales in the quarter increased 2.5%.

Net income in the quarter surged 38% to $161 million or 98 cents per diluted share from $117 million or 70 cents in the same quarter last year.

The retailer lifted fiscal 2018 diluted earnings per share forecast between $5.16 and $5.36 from the earlier estimate of $4.96 to $5.36.

Ross Stores Inc (ROST) plummeted 6% or $5.48 to $85.71 after the off-price department stores operator reported sales in the third-quarter ending on November 3 soared 7% from a year ago to $3.5 billion.

Same store sales in the quarter advanced 3%.

Net income in the quarter jumped 23.4% to $338 million or 91 cents per diluted share from $274 million or 72 cents in the same quarter last year.

The off-price retailer forecasted fourth-quarter comparable store sales to increase between 1% and 2% and diluted earnings per share in the range of $1.09 to $1.14 from $1.19 reported in the same period a year ago..

Stage Stores Inc (SSI) slumped 2.9% or 0.5 cents to $1.65 after the specialty department stores operator stated net sales in the third-quarter ending on November 3 fell 2.8% from a year ago to $347 million.

Same store sales in the quarter surged 9.9%.

Net loss in the quarter widened to $31.4 million or $1.11 per diluted share from $17.7 million or 64 cents in the same quarter last year.

The TJX Companies, Inc (TJX) slumped 2.3% or $1.14 to $47.83 after the off-price department store reported net sales in the third-quarter ending on November 3 surged 12% from a year ago to $9.8 billion.

Same store sales in the quarter soared 7%.

Net income in the quarter jumped 18.8% to $762.3 million or 61 cents per diluted share from $641.4 million or 50 cents in the same quarter last year.

The brand-name and designer apparel retailer forecasted fiscal 2019 diluted earnings per share to be in the range of $2.41 to $2.43 from $2.02 in the same period a year ago.

Target Corporation (TGT) plunged 10.3% or $7.98 to $69.83 after the department store retailer total revenues in the third-quarter ending on November 3 soared 5.6% from a year ago to $17.8 billion.

Same store sales in the quarter increased 5.1%.

Net income in the quarter surged 30.2% to $622 million or $1.17 per diluted share from $478 million or 87 cents in the same quarter last year.

Target forecasted fiscal 2019 diluted earnings per share in the range of $5.41 to $5.61.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc