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STOCK MOVERS

U.S. Movers: Caleres, Delta Air, General Mills, HD Supply, HealthEquity, RH


Author: Mukesh Buch
ticker.com
Last Update: 12:32 PM EDT September 05 2018

12:30 PM New York City, New York Calavo Growers net surged. Caleres net surged. Delta Air Lines said August month global traffic jumped. General Mills reaffirmed fiscal outlook. HD Supply net tumbled 70%. HealthEquity reported upbeat earnings results. RH plunged despite strong results. Workday net loss widened.

Tollbooth Index declined 228.34 or 1.4% to 16,274.06 but for the year-to-date soared 18.3%.

Earnings Review

Calavo Growers Inc (CVGW) dropped 2.4% or $2.50 to $101.55 after the avocado and farm products company said revenues in the third-quarter ending in July fell 2% from a year ago to $296.4 million.

Net income in the quarter surged 40.9% to $12.4 million or 70 cents per diluted share from $8.8 million or 50 cents in the same quarter last year.

The avocado producer forecasted fiscal 2018 sales growth in the high teens and estimated to deliver strong volume growth in fiscal 2019.

Caleres Inc (CAL) plunged 7.9% or $3.20 to $37.16 after the footwear retailer stated net sales in the second-quarter ending on August 4 jumped 4.4% from a year ago to $706.6 million.

Same store sales in the quarter advanced 2.6%.

Net income in the quarter surged to $23.6 million or 55 cents per diluted share from $17.6 million or 41 cents in the same quarter last year.

Caleres forecasted fiscal 2018 net sales of about $2.8 billion and same-store-sales growth in about low-single digits and diluted earnings per share in the range of $2.40 to $2.50.

Delta Air Lines Inc (DAL) slumped 2.7% or $1.60 to $57.28 after the airlines services provider said total traffic in August increased 3.6% to 22.40 billion revenue passenger miles from 21.62 billion and load factor increased 0.1 percentage point to 88% from 87.9% in the same month a year ago.

Total capacity in August increased 3.5% to 25.46 billion available seat miles from a year ago month and transported 18.3 million customers across its global network.

General Mills Inc (GIS) gained 33 cents to $46.23 after the branded ready-to-eat cereals and foods maker reaffirmed fiscal 2019 net sales to jump between 9% and 10% and operating profit to increase 6% to 9% and diluted earnings per share to decrease between flat and fall 3%.

HD Supply Holdings Inc (HDS) slipped 1.3% or 61 cents to $44.42 after the industrial distributor reported net sales in the second-quarter ending on July 29 surged 18.3% from a year ago to $1.6 billion.

Net income in the quarter tumbled 70.4% to $131 million or 70 cents per diluted share from $442 million or $2.22 in the same quarter last year.

For fiscal 2018, HD Supply reaffirmed net sales forecast in the range of $5.9 billion and $6 billion and operating profit in the range of $845 million and $870 million and diluted earnings per share between $3.22 and $3.35.

HealthEquity Inc (HQY) increased 1.8% or $1.72 to $96.19 after the healthcare savings accounts provider said revenues in the second-quarter ending in July soared 25% from a year ago to $71.1 million.

Net income in the quarter jumped 33% to $22.5 million or 36 cents per diluted share from $16.9 million or 27 cents in the same period a year ago.

RH (RH) plunged 10.3% or $15.50 to $135.78 after the luxury furniture and home furnishing provider said net revenues in the second-quarter ending on August 4 advanced 4.1% from a year ago to $640.8 million.

Comparable store sales in the quarter jumped 5%.

Net in the quarter swung to profit $64 million or $2.33 per diluted share from a loss of $7.9 million or 28 cents in the same period a year ago.

Vera Bradley Inc (VRA) surged 13.9% or $1.99 to $16.28 after the women''s handbags, travel items, and accessories designer stated net revenues in the second-quarter ending on August 4 rose 1.1% from a year ago to $113.6 million.

Net income in the quarter soared to $9.3 million or 26 cents per diluted share from $2.2 million or 6 cents in the same period a year ago.

Workday Inc (WDAY) declined 7.8% or $12.27 to $144.42 after the financial and human management software provider reported total revenues in the second-quarter ending in July soared 27.9% from a year ago to $671.7 million.

Net loss in the quarter widened to $86.2 million from $82.5 million and diluted loss per share matched 40 cents in the same quarter last year.
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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