Take-Two Interactive, H&R Block Surge

Devan Biswas
03 Sep, 2010
New York City

H&R Block Inc surged 7% after it operated smaller operating loss. Campbell Soup Co declined after it estimated annual earnings at the low end of the range. Take-Two Interactive Software Inc soared more than 10%. Employment agencies surged after unemployment data.

[R]10:15 AM New York – H&R Block Inc surged 7% after it operated smaller operating loss. Campbell Soup Co declined after it estimated annual earnings at the low end of the range. Take-Two Interactive Software Inc soared more than 10%. Employment agencies surged after unemployment data.[/R]

Of the stocks in the Dow, 23 increased, 7 decreased and none was unchanged.

Of the 30 stocks in the Dow Jones Industrial Average, Caterpillar Inc. led the gainers with a rise of 2.33% followed by increase in The Boeing Company of 2.21%, in Cisco Systems, Inc. of 1.85%, in JPMorgan Chase & Co. of 1.73% and American Express Company of 1.69%.

Verizon Communications Inc led the decliners with a fall of 1.10% followed by decline in AT&T Inc. of 0.97%, in McDonald’s Corporation of 0.36%, in Exxon Mobil Corporation of 0.28% and in The Procter & Gamble Company of 0.27%.

Other Movers

Buckle Inc ((BKC)) rose as much as 5% after it reported comparable sales in the year-to-date thirty-week period ended August 28, decreased 2.2% from the period a year ago. Net sales in the period increased 2.4% to $488.6 million from net sales of $477.1 million for the prior year period.

Campbell Soup Company ((CPB)) declined 2.8% or $1.06 to $36.26 after the branded convenience food products maker stated fourth quarter net sales fell 0.7% to $1.52 billion compared with $1.53 billion in the comparable period. Net earnings in the quarter soared 64% to $113 million or 33 cents per diluted share compared to net earnings of $69 million or 20 cents per share in the prior year.

ArcSight Inc. ((ARST)) plunged 3.7% or $1.43 to $36.41 after the security solutions provider reported first quarter revenues increased 39.3% to $48.13 million from $34.55 million a year earlier. Net income in the quarter soared 200% to $3.0 million or 8 cents per diluted share, compared with net income of $1.0 million or 3 cents per share reported in the first quarter of fiscal 2010.

Del Monte Foods Company ((DLM)) fell 1.7% or 22 cent to $12.61 after the branded food and pet products producer reported first quarter sales declined 1.1% to $804.6 million from $813.7 million in the same quarter last year. Net income in the quarter rose 1.4% to $59.4 million or 29 cents per diluted share, compared to net income of $58.6 million or 29 cents per share in the same quarter last year.

Esterline Technologies Corporation ((ESL)) spurted 6.6% or $3.33 to $53.18 after the defense and aerospace contractor said third quarter sales climbed 6.1% to $383.5 million, compared to $361.5 million in the previous year period. Net income in the quarter gained 22.4% to $39.9 million or $1.30 per share, compared to net income of $32.6 million or $1.09 per share in the prior-year period.

Finisar Corporation ((FNSR)) soared 15.3% to $15.71 after the networking and communication devices provider stated first quarter revenues increased 61.5% to $207.88 million from $128.72 million last year. Net income in the quarter was $19.41 million or 24 cents per diluted share, compared to a net loss of $11.12 million or 18 cents per share in the previous year.

H&R Block, Inc. ((HRB)) surged 8% or $1.01 to $13.58 after the tax preparation company reported first-quarter total revenues edged lower 0.4% to $274.5 million from $275.5 million in the comparable quarter last year. Net loss in the quarter narrowed 13.8% to $114.8 million or 36 cents per share, compared to a net loss of $130.6 million or 39 cents per share in the year-ago quarter.

Lantronix, Inc. ((LTRX)), the networking and internet connectivity products maker reported fourth-quarter revenue improved 3.7% to $11.82 million from $11.40 million in the comparable quarter a year ago. Net loss in the quarter narrowed 7.3% to $0.51 million or 5 cents per diluted share compared to a net loss of $0.55 million or 5 cents per share last year.

Krispy Kreme Doughnuts, Inc. ((KKD)) increased 3.2% or 14 cent to $4.40 after the doughnuts and packaged sweets retailer said second quarter revenue increased 6.3% to $87.9 million compared to $82.7 million in the previous year period. Same store sales rose 5.7%. Net income in the quarter was $2.2 million or 3 cent per share compared to net loss of $0.16 million or break-even per share in the prior-year period.

Mitel Networks Corporation ((MITL)) decreased 4.4% or 29 cent to $6.26 after the unified communications software solutions provider reported first quarter revenues declined 0.4% to $160.00 million, compared with $159.4 million last year. Net income in the quarter was $6.8 million or 12 cents per share, compared to a net loss of $9.4 million or 66 cents per share, in the same period last year.

Monster Worldwide Inc surged 7% and Robert Half International Inc ((RHI)) increased 5% after U.S. Labor Department said private employers added 67,000 jobs.

Quiksilver, Inc. ((ZQK)) rose 0.5% or 7 cent to $12.83 after the surf clothing and skateboard maker reported third quarter net revenue was $441.47 million from $501.39 million last year. Net income in the quarter was $8.31 million or 6 cents per diluted share compared to net income of $1.35 million or 1 cent per share in the previous year.

SeaChange International, Inc. ((SEAC)) plunged 14.9% or $1.28 to $7.26 after the developer, manufacturer and marketer of digital video systems and services said second-quarter revenues advanced 11% to $51.63 million, compared with $46.50 million in the previous year period. Net income in the quarter was $3.5 million or 11 cents per diluted share, compared with a net loss of $0.4 million or 1 cent per share in the same quarter last year.

Take-Two Interactive Software, Inc ((TTWO)) spurted 11.8% or $1.05 to $9.90 after the video-game publisher said third quarter net revenue surged 273% to $354.08 million from $94.93 million in the same quarter last year. Net income in the quarter was $5.9 million or 7 cents per diluted share, compared to a net loss of $56.5 million or 73 cents per share for the year-ago quarter.

The Cooper Companies, Inc ((COO)) soared 6.8% or $2.84 to $44.10 after the healthcare products provider reported third quarter sales increased 4% to $295.63 million from $285.23 million last year. Net income in the quarter surged 81% to $39.73 million or 86 cents per diluted share compared to net income of $21.91 million or 48 cents per share in the previous year.

Ulta Salon, Cosmetics & Fragrance, Inc. ((ULTA)) surged 16.5% or $3.67 to $25.90 after the beauty retailer second quarter net sales increased 17.6% to $321.8 million from $273.5 million in the prior-year quarter, helped by a 10.8% increase in comparable store sales. Net income in the quarter soared 127.2% to $13.06 million or 22 cents per diluted share as against net income of $5.75 million or 10 cents per share in the same quarter a year ago.