U.S. Movers: Aeropostale, Gildan, Kroger, Vimpel

Mukesh Buch
02 Dec, 2010
New York City

Costco said November comparable sales rose 9%. General Motors vehicle sales increased 11.4%. Kroger third quarter total sales soared 5.9% to $18.7 billion. Toll Brothers fourth quarter revenues declined 17.2% to $402.6 million.

[R]11:30 AM New York – Costco said November comparable sales rose 9%. General Motors vehicle sales increased 11.4%. Kroger third quarter total sales soared 5.9% to $18.7 billion. Toll Brothers fourth quarter revenues declined 17.2% to $402.6 million.[/R]

Of the 30 stocks in the Dow, all increased.

Of the stocks in the Dow Jones Industrial Average, Microsoft Corporation led the gainers with a rise of 2.96% followed by increase in Alcoa Inc. of 2.43%, in The Home Depot, Inc. of 2.10%, in JPMorgan Chase & Co. of 2.10%, in Bank of America Corporation of 2.08%.

Other Movers

Aeropostale, Inc. ((ARO)) plunged 11.5% or $3.10 to $23.70 after the teen apparel retailer said third quarter net sales rose 6% to $602.76 million from $567.84 million in the same period last year. Net income for the quarter declined 7% to $58.5 million or 63 cents per diluted share, compared to net income of $62.6 million or 61 cents per share for the year-ago quarter.

Costco Wholesale Corporation ((COST)) rose 0.3% or 24 cent to $68.55 after the warehouse operator said its November comparable sales, including Mexico operations for last year and this year, grew 9%. Inflation in gasoline prices and strengthening foreign currencies had a positive impact on comparable sales.

Canadian Imperial Bank of Commerce ((CM)) fell 0.4% or 34 cent to $79.52 after the diversified financial institution reported fourth quarter revenue increased to $3,254 million from $2,888 million in the prior year. Net income in the quarter fell $500 million or $1.17 per diluted share, compared to $644 million or $1.56 per diluted share last year.

For the fiscal year net revenue climbed to $12.08 billion from $9.93 billion for the same quarter a year ago period. Net income was increased to $2.45 billion or $5.87 per diluted share compared to $1.17 billion or $2.65 per share a year ago period.

Del Monte Foods Company ((DLM)) gained 0.2% or 4 cent to $18.80 after the pet products and food product producer reported second quarter net sales decreased 1.9% to $940.9 million from $958.9 million in the year-ago quarter. Net income for the quarter soared to $81.1 million or 41 cents per diluted share, compared to $62.6 million or 31 cents per share in the prior-year quarter.

Endo Pharmaceuticals Holdings, Inc. ((ENDP)) rose 0.4% or 18 cent to $36.88 the specialty pharmaceutical company raised 2010 revenues guidance to approximately $1.7 billion from the previous estimate range of $1.63 billion and $1.68 billion and increased adjusted earnings per share view to a range of $3.35 to $3.40 from $3.30 to $3.35.

General Motors Co. ((GM)) increased 0.2% or 10 cent to $34.88 after November unit sales increased 11.4% increase in vehicle sales for November from a year ago. Total sales for the month were 168,739 vehicles.

Gildan Activewear Inc. ((GIL)) declined 6% or $1.83 to $29.05 after the Canada-based garment company said fourth quarter net sales increased 22.3% to $368.9 million from $301.7 million from a year ago. Net earnings in the quarter rose $56.8 million or 47 cent per diluted share compared to $42.4 million or 35 cent per diluted share from a year ago.

For the fiscal year net revenue increased to $1.31 billion from $1.04 billion for the same quarter a year ago period. Net earnings was increased to $198.2 million or $1.63 per diluted share compared to $95.3 million or $0.79 per share a year ago period.

Jo-Ann Stores, Inc. ((JAS)) tumbled 8.2% or $3.89 to $44.29 after the specialty retailer reported third quarter net sales increased 5.1% to $535.3 million from $509.1 million in the same period last year. Same-store sales increased 4.1%. Net income in the quarter rose 21% to $29.1 million or $1.09 per diluted share, compared to net income of $24.1 million or 90 cents per share in the third quarter last year.

The Kroger Co. ((KR)) declined 9.9% or $2.38 to $21.48 after the retailer reported third quarter total sales soared 5.9% to $18.7 billion from $17.7 billion in the year-ago quarter. Net earnings in the quarter were $202.2 million or $0.32 per diluted share compared to net loss of $874.9 million or $1.35 per share in the prior-year quarter.

Regal-Beloit Corporation ((RBC)) decreased 1.1% or 69 cent to $61.40 after the manufacturers of electric motors announced that it lowered its fourth quarter earnings view to $0.63 - $0.67 per share from prior expected range of $0.69 - $0.75 per share.

Synopsys, Inc. ((SNPS)) plunged 3.2% or 87 cent to $25.64 after the company engaged in the electronic design automation software said fourth quarter total revenue increased 11% to $375.46 million from $338.28 million a year ago. Net income in the quarter increased 30% to $25.40 million or 17 cents per diluted share, compared to net income of $19.53 million or 13 cents per share in the previous year.

The Toronto-Dominion Bank ((TD)) slipped 1.3% or 98 cent to $73.09 after the Canadian bank said fourth quarter net sales increased to $5,017 million from $4,718 million from a year ago. Net income in the quarter fell $994 million or $1.07 per diluted share compared to $1,010 million or $1.12 per diluted share from a year ago.

For the fiscal year net revenue increased to $19.56 billion from $17.86 billion for the same quarter a year ago period. Net income increased to $4.64 billion or $5.10 per diluted share compared to $3.12 million or $3.47 per share a year ago period.

Toll Brothers, Inc. ((TOL)) gained 3.5% or 65 cent to $19.11 after the luxury homebuilder reported fourth quarter revenues declined 17.2% to $402.6 million from $486.59 million in the prior-year quarter. Net income generated in the quarter was $50.48 million or 30 cents per diluted share, compared to net loss of $111.43 million or 68 cents per share last year.

For the fiscal year 2010, the company reported a net loss of $3.37 million or $0.02 per share, compared to a net loss of $755.8 million or $4.68 per share in the prior year. Home building revenues for the year declined 15% to $1.49 billion.

UTi Worldwide Inc. ((UTIW)) declined 5.6% or $1.13 to $18.80 after the Virgin Islands based holding company reported third quarter revenue soared 24% to $1,198.4 million from $967.2 million in the comparable period a year ago. Net income in the quarter was $26.4 million or 26 cents per diluted share, compared to $17.9 million or 18 cents in the prior-year period.

VimpelCom Ltd. ((VIP)), the Netherlands based telecommunications operator reported third quarter total revenue soared 24.1% to $2.82 billion from $2.27 billion in the year-ago quarter. Net income in the quarter increased 14.1% $495.9 million or 39 cent per ADS basic share compared to $434.5 million or 44 cent per ADS basic share in the prior-year quarter.