Burger King, Netflix, Joy Global Rise

Devan Biswas
01 Sep, 2010
New York City

Brown Forman Corp dropped 6% after the maker of spirits and vodka reported lower than expected earnings. G-III Apparel Group Ltd reported higher than expected earnings. Netflix Inc soared 5%. Burger King Holdings Inc soared 10%.

[R]12:25 PM New York – Brown Forman Corp dropped 6% after the maker of spirits and vodka reported lower than expected earnings. G-III Apparel Group Ltd reported higher than expected earnings. Netflix Inc soared 5%. Burger King Holdings Inc soared 10%.[/R]

Of the 30 stocks in the Dow, all traded higher.

Of the 30 stocks in the Dow Jones Industrial Average, Caterpillar Inc led the gainers with a rise of 2.52% followed by increase in Cisco Systems, Inc. of 1.88%, in The Boeing Company of 1.83%, in Chevron Corporation of 1.78% and The Walt Disney Company of 1.69%.

Other Movers

ABM Industries, Inc. ((ABM)) soared 4.3% or 86 cent to $20.47 after the provider of facility services stated third quarter revenues declined 0.2% to $869.02 million, compared to $870.63 million in the same quarter last year. Net income in the quarter surged 71% to $21.0 million or 40 cents per share compared to net income of $12.3 million or 24 cents per share in the prior-year quarter.

Accuray Incorporated ((ARAY)) plunged 3.9% or 26 cent to $6.32 after the robotic cancer-surgery system maker said fourth quarter revenue rose 5.1% to $61.8 million from $58.8 million in the prior-year quarter. Net income in the quarter surged 317% to $5.0 million or 8 cents per diluted share compared to net income of $1.2 million or 2 cents per share in the same quarter last year.

AssuranceAmerica Corp. ((ASAM.OB)), the insurance holding company reported second-quarter revenues plunged 54% to $15.6 million from $33.8 million in the same quarter last year. Net loss in the quarter was $161 thousand or $0.002 per share, compared with a net income of $182 thousand or $0.003 per share in the year-ago quarter.

Applied Signal Technology, Inc. ((APSG)) gained 3.1% or 58 cent to $20.40 after the defense contractor stated third quarter revenues increased 14% to $56.41 million from $49.50 million last year. Net income in the quarter climbed 9.1% to $3.6 million or 26 cents per diluted share, compared to net income of $3.3 million or 25 cents per share in the same period last year.

Baldwin Technology Company, Inc. ((BLD)) fell 0.7% or 1 cent to $1.26 after the leader in process automation technology for the printing industry reported fourth quarter net sales declined 2.3% to $37.4 million from $38.3 million in the prior year. Net profit in the quarter was $1.41 million compared to a net loss of $37 thousand in the previous year. For the three months, the company’s earnings were 9 cents per diluted share as against a breakeven per share last year.

Borders Group, Inc. ((BGP)) fell 1.8% or 2 cent to $1.06 after the mall-based bookstores reported second quarter net sales decreased 11.5% to $526.1 million from $594.2 million in the prior year. On comparable store sales fell 6.9% where as Borders.com sales increased 56.2% from the prior year to $15.5 million. Net loss in the quarter was $46.7 million or 67 cents per diluted share compared to net loss of $45.6 million or 76 cents per share a year earlier.

Brown-Forman Corporation ((BF.B)) slipped 4.5% or $2.77 to $58.52 after the alcoholic beverage stated fiscal year first quarter net sales increased 1% to $744.9 million from $737.9 million in the prior year. Net income in the quarter fell 8% to $111.4 million or 76 cents per diluted share compared to net income of $121.4 million or 81 cents per share a year earlier.

Burger King Holdings Inc ((BKC)) soared as much as 10% to $18.10 after the Wall Street Journal reported that the company is in talks with the UK based private equity firms.

Charming Shoppes, Inc. ((CHRS)) plunged 14% or 47 cent to $2.89 after the apparel retailer reported second quarter net sales dropped 1.8% to $517.56 million from $527.22 million in the prior-year quarter. Net loss in the quarter was $8.64 million or 7 cents per diluted share compared to a net profit of $4.98 million or 4 cents per share in the previous year.

Culp Inc. ((CFI)) rose 1.6% or 15 cent to $9.42 after the manufacturers and distributors of textile fabrics reported first quarter revenues rose 23% to $55.9 million from $45.5 million in the prior-year quarter. Net income in the quarter soared 95% to $3.7 million or 28 cents per diluted share, compared to net income of $1.9 million or 15 cents per share in the year-ago quarter.

G-III Apparel Group, Ltd. ((GIII)) soared 17.9% or $4.34 to $28.48 after the own brand apparel company reported second quarter net sales increased 39% to $189.0 million from $135.9 million in the prior year. Net income in the quarter was $3.0 million or 15 cents per diluted share compared to net loss of $2.8 million or 17 cents per share a year earlier.

Envestnet, Inc. ((ENV)) decreased 1.5% or 16 cent to $10.07 after the provider of technology-enabled, Web-based investment solutions and services to financial advisors said second quarter revenue increased 37% to $24.3 million from $17.7 million in the prior year quarter. Net income in the quarter fell 50% to $0.1 million or 1 cent per share, compared to net income of $0.2 million or 1 cent per share in the same quarter last year.

Express, Inc. ((EXPR)) gained 3.4% or 47 cent to $14.08 after the retail apparel reported second quarter net sales increased 9% to $407.3 million from $373.8 million in the prior year. On comparable store sales rose 6%. Net income in the quarter was $22.1 million or 25 cents per diluted share compared to net loss of $6.8 million or 9 cents per share a year earlier.

First Acceptance Corporation ((FAC)), the retailer, servicer and underwriter of non-standard personal automobile insurance reported fourth quarter revenues declined 9.2% to $56.0 million from $61.7 million in the year-ago quarter. Net income for the quarter was $0.7 million or 2 cents per share compared with a net loss of $71.5 million or $1.50 per share in the same quarter a year ago.

H.J. Heinz Company ((HNZ)) fell 0.3% or 18 cent to $46.06 after the food products firm reported first-quarter sales edged higher 1.6% to $2.48 billion from $2.44 billion in the prior-year quarter. Net income in the quarter rose 13.1% to $240.43 million or 75 cents per share compared to net income of $212.56 million or 67 cents per share in the same quarter last year.

Isle of Capri Casinos, Inc. ((ISLE)) rose 1.7% or 12 cent to $7.11 after the operator of branded gaming facilities reported first quarter net revenues declined 2.3% to $251.9 million from $257.9 million last year. Net loss in the quarter was $2.65 million or 8 cents per diluted share, compared to a net profit of $0.9 million or 3 cents per share in the year-ago period.

IntraLinks Holdings, Inc. ((IL)) rose 0.3% or 5 cent to $13.05 after the critical information exchange solutions provider said second quarter net revenue increased 35% to $44.4 million from $32.8 million in the prior year. Net loss in the quarter was $3.9 million or $1.78 per diluted share compared to net loss of $5.1 million or $3.30 per share a year earlier.

Joy Global Inc. ((JOYG)) rose 1.2% or 71 cent to $57.25 after the manufacturer and servicer of mining equipment stated third-quarter net sales fell 11% to $850 million compared with $956 million in the third quarter of prior year. Net income in the quarter slipped 4% to $119 million or $1.13 per share compared to net income of $124 million or $1.21 per share last year.

Jos. A. Bank Clothiers, Inc. ((JOSB)) soared 10.4% or $3.81 after the men''s apparel retailer reported second quarter net sales increased 12.3% to $188.41 million from $167.74 million in the prior year. Net profit in the quarter soared 31.7% to $16.48 million or 59 cents per diluted share as against net profit of $12.51 million or 45 cents per share a year earlier.

Silicon Graphics International Corp. ((SGI)) increased 3% or 18 cent to $6.10 after the provider of servers, storage, and data center solutions reported fourth quarter revenue rose 74% to $101.6 million from $58.4 million a year-ago quarter. Net loss in the quarter widened 4540% to $27.7 million or 91 cents per diluted share, compared to a net loss of $597,000 or 2 cents per share in the prior-year quarter.

Unify Corporation ((UNFY)) fell 0.3% or 1 cent to $3.19 after the application development and data management solutions provider reported first quarter revenues more-than-doubled 119% to $9.89 million from $4.51 million in the comparable quarter a year ago. Net loss in the quarter narrowed 61.4% to $0.86 million or 8 cents per diluted share as against a net loss of $2.23 million or 27 cents per share last year.