Walt Disney, Walgreen Decline; Analogic Gains

Mayank Mehta
10 Jun, 2010
New York City

AutoZone, Inc. led the decliners in the S&P 500 index with a loss of 2.4%. Synopsys to buy Virage Logic for a 28% premium. Navistar International profit more than doubles.

[R]11:40 AM New York - AutoZone, Inc. led the decliners in the S&P 500 index with a loss of 2.4%. Synopsys to buy Virage Logic for a 28% premium. Navistar International profit more than doubles.[/R]

Of the stocks in S&P 500 index, 489 increased, 11 declined and none were unchanged.

AutoZone, Inc. led the decliners in the S&P 500 index with a loss of 2.4% followed by losses in Walgreen Co. of 0.9% and in Humana Inc. of 0.4%, in The Goldman Sachs Group, Inc. of 0.3% and in Tellabs, Inc. of 0.3%.

Anadarko Petroleum Corporation led gainers in the S&P 500 index with a rise of 10.8% followed by gains in Baker Hughes Incorporated of 8.0%, in Halliburton Company of 6.7% and in CF Industries Holdings, Inc. of 5.8%.

Other Movers

American Eagle Outfitters, Inc. ((AEO)), the teen retailer added 1.1% or 14 cents to $12.21.

American Capital, Ltd. ((ACAS)) increased 5.6% or 26 cents to $5.02 after the private- equity investor and asset manager announced that it has made certain amendments to its private offers to exchange its outstanding unsecured public and private notes for cash payments and new secured notes and its standby plan of reorganization.

Amerco ((UHAL)) rose 0.07% or 3 cents to $45.00 after the moving and storage operator said fourth quarter revenues rose 7% to $443.8 million from $415.4 million a year ago. Net loss in the quarter was $5.0 million or 43 cents per diluted share compared to net loss of $35.3 million or $1.99 per share a year ago.

Analogic Corporation ((ALOG)) added 2.4% or $1.06 to $44.96 after the medical and security technology provider said third quarter sales rose 14.5% to $107.2 million from $93.6 million a year ago. Net income in the quarter rose 108.7% to $4.8 million or 38 cents per diluted share compared to net income of $2.3 million or 18 cents per share a year ago.

A-Power Energy Generation Systems, Ltd. ((APWR)) surged 13.0% or 96 cents to $8.33 after the provider of distributed power generation systems reported first quarter revenues rose 115.7% to $67.3 million from $31.2 million a year ago. Net income in the quarter was $29.3 million or 64 cents per diluted share compared to net income of $1.6 million or 4 cents per share a year ago.

AutoZone, Inc. ((AZO)) fell 2.3% or $4.44 to $184.15 after the auto-parts retailer was downgraded to “neutral” from “outperform” at Credit Suisse.

CRA International, Inc. ((CRAI)) rose 1.6% or 34 cents to $21.17. The provider of management, economic and financial consulting services reported second quarter sales fell 5.4% to $68.1 million from $72.0 million a year ago. Net loss in the quarter was $1.5 million or 14 cents per diluted share compared to net income of $1.2 million or 11 cents per share a year ago.

Del Monte Foods Company ((DLM)) rose 2.9% or 43 cents to $15.10. The food and pet products maker reported fourth quarter sales fell 10% to $954.0 million from $1.06 billion a year ago. Net income in the quarter fell 11% to $63.7 million or 31 cents per diluted share compared to net income of $71.5 million or 36 cents per share a year ago.

Kid Brands, Inc. ((KID)), the maker of infant furniture and toys dropped 7.8% or 61 cents to $7.21.

Luby’s, Inc. ((LUB)) surged 29.8% or $1.15 to $5.00. The company engaged in restaurant operations said third quarter sales fell 5.3% to $57.2 million from $60.4 million a year ago. Net income in the quarter was $730,000 or 3 cents per diluted share compared to net loss of $1.1 million or 4 cents per share a year ago.

lululemon athletica inc. ((LULU)) rose 2.9% or $1.15 to $40.25 after the clothing retailer reported first quarter sales rose 69.3% to $138.3 million from $81.7 million a year ago. Net income in the quarter rose 201.5% to $19.6 million or 27 cents per diluted share compared to net income of $6.5 million or 9 cents per share a year ago.

The Men’s Wearhouse, Inc. ((MW)) advanced 5.5% or $1.03 to $19.70 after the retailer of men’s apparel said first quarter sales rose 2% to $473.5 million from $464.1 million a year ago. Net income in the quarter rose 156.6% to $13.6 million or 26 cents per diluted share compared to net income of $5.3 million or 10 cents per share a year ago.

The Procter & Gamble Company ((PG)) fell 1.0% or 67 cents to $61.47. The consumer products company was upgraded to “outperform” in new coverage at Credit Agricole Securities.

Spartech Corporation ((SEH)) rose 2.4% or 29 cents to $12.28 after the plastic products maker said second quarter sales rose 24% to $268.5 million from $216.4 million a year ago. Net income in the quarter rose 16% to $4.4 million or 14 cents per diluted share compared to net income of $3.8 million or 12 cents per share a year ago.

Synutra International, Inc. ((SYUT)) increased 4.9% or 86 cents to $18.28 after the baby formula maker said fourth quarter sales rose 13.3% to $82.4 million from $72.7 million a year ago. Net income in the quarter was $9.1 million or 17 cents per diluted share compared to net loss of $17.1 million or 32 cents per share a year ago.

Verint Systems Inc. ((VRNT)), the maker of software that helps businesses analyze performance rose 2.0% or 50 cents to $24.50.

The Walt Disney Company ((DIS)) fell 0.6% or 21 cents to $32.94 after the ESPN network has convinced three major advertisers to produce expensive 3-D commercials for its new sports channel debuting Friday with the 2010 World Cup broadcast.

ZymoGenetics, Inc. ((ZGEN)), the developer of treatments for cancer and autoimmune diseases fell 1.2% or 5 cents to $4.06.