2:10 PM New York – Jeff Bezos said the sale of $1 billion Amazon stock every year is financing his space venture. Constellation Brands net surged 86%. CarMax net surged. Fred''''s net loss widened. Hooker Furniture net surged. Lamb Weston net plunged 22%. MSC Direct net jumped 8%. RPM Intl net tumbled.
Tollbooth Index increased 34.53 or 0.3% to 11,595.10.
) fell $7.95 to $901.34 after the online market place’s chief executive officer and Blue Origin founder Jeff Bezos said “I sell about $1 billion a year of Amazon stock and I use it to invest in Blue Origin.”
Further he added “It’s a long road to get there and I’m happy to invest in it”.
Bezos announced his investment program during the 33rd Space Symposium event in Colorado Springs, Colorado.
Constellation Brands, Inc
) jumped 6.4% or $10.29 to $171.68 after the beer, wine and spirits maker reported revenues in the fourth-quarter ending in February advanced 5.9% from a year ago to $1.8 billion.
Net income in the quarter surged 85.7% to $452 million or $2.09 per diluted share from $243.4 million or $1.10 in the same quarter last year.
) gained 1.1% 63 cents to $57.29 after the new and used vehicles retailer said net sales in the fourth-quarter ending in February jumped 9.3% from a year ago to $4.05 billion.
Used unit sales in comparable stores in the quarter soared 8.7% and total used unit sales rose 13.4% while total wholesale unit sales dropped 1.2%.
Net income in the quarter surged 8.2% to $152.6 million or 81 cents per diluted share from $141 million or 71 cents in the same quarter last year.
) surged 12.4% or $1.55 to $14.10 after the retail discount stores operator said net sales in the fourth-quarter ending on April 1 dropped 4.5% from a year ago to $529.7 million.
Comparable store sales in the quarter slumped 3.6%.
Net loss in the quarter widened to $22.5 million or 60 cents per diluted share from $3.9 million or 11 cents in the same quarter last year.
The retailer said total sales in the five-week period ending on April 1 slipped 2.7% to $208.6 million from $214.3 million in March 2016 and comparable store sales for March decreased 0.5%.
Hooker Furniture Corporation
) soared 20.4% or $6.42 to $37.87 after the home furnishings provider stated revenues in the fourth-quarter ending on January 29 surged 187.2% from a year ago to $173.9 million.
Net income in the quarter jumped 165% to $10.9 million or 95 cents per diluted share from $4.1 million or 38 cents in the same quarter last year.
Lamb Weston Holdings Inc
) advanced 3.8% or $1.59 to $43.33 after the frozen appetizer and vegetable products supplier sales in the third-quarter ending on February 26 soared 5% from a year ago to $768.5 million.
Net income in the quarter plunged 22% to $84.2 million or 57 cents per diluted share from $107 million or 71 cents in the same quarter last year.
MSC Industrial Direct Co Inc
) slumped 4.5% or $4.58 to $98.02 after the metalwork and services provider said net sales in the second-quarter ending on March 4 increased 2.9% from a year ago to $703.8 million.
Net income in the quarter jumped 8.1% to $53.6 million or 93 cents per diluted share from $49.5 million or 80 cents in the same quarter last year.