U.S. Movers: BJ

Mukesh Buch
18 May, 2011
New York City

Analog Devices first quarter net earnings increased to $241.8 million. BJ

[R]11:00 AM New York – Analog Devices first quarter net earnings increased to $241.8 million. BJ’s first quarter net income rose to $33.7 million. Dell first quarter net income surged 177% to $945 million. Staples first quarter net income grew 5% to $198 million. Target first quarter net earnings rose 3% to $689 million.[/R]

Of 30 the stocks in the Dow, 8 increased and 22 decreased.

Of the stocks in the Dow Jones Industrial Average, Intel Corporation led the gainers with a rise of 1.38% followed by increase in Exxon Mobil Corporation of 0.78%, in Caterpillar Inc. of 0.74%, in Chevron Corporation of 0.60%, in The Boeing Company of 0.40%.

Hewlett-Packard Company led the decliners with a fall of 1.27%, followed by decline in Microsoft Corporation of 0.90%, in Wal-Mart Stores, Inc. of 0.81%, in 3M Company of 0.64%, in United Technologies Corporation of 0.58%.

Other Movers

Abercrombie & Fitch Co. ((ANF)) gained 3.5% or $2.56 to $75.73 after the specialty retailer reported first quarter net sales surged 22% to $836.7 million compared to $687.8 million in the same period last year. Total comparable store sales increased 10% and Total Company direct-to-consumer sales increased 32% to $105.8 million.

Net income in the quarter rose 3% to $25.1 million or 28 cents per diluted share compared to net loss of $11.8 million or 13 cents per share a year ago.

Abiomed, Inc. ((ABMD)) slipped 1.4% or 27 cents to $17.59 after the medical equipments provider said fourth quarter total revenue increased 24% to $28.5 million compared to $23.0 million in the same period last year. Net loss in the quarter of $1.8 million or 5 cents diluted share compared to net income of $1.0 million or 3 cents per share a year earlier.

Analog Devices, Inc. ((ADI)) soared 5.6% or $2.27 to $42.50 after the digital signal processing circuit maker reported second quarter revenues soared 9% to $790.8 million compared to $668.2 million in the same period last year. Net earnings in the quarter increased to $241.8 million or 78 cents per diluted share compared to $167.1 million or 55 cents per share a year ago.

BJ’s Wholesale Club, Inc. ((BJ)) rose 0.8% or 45 cents to $51.74 after the warehouse club operator reported first quarter net sales grew 10% to $2.77 billion compared to $2.52 billion in the same period last year. Comparable club sales increased 6.3% and merchandise comparable club sales excluding gasoline increased by 2.4%.

Net income in the quarter rose to $33.7 million or 62 cents per diluted share compared to $26.1 million or 49 cents per share a year ago.

Brady Corporation ((BRC)) tumbled 8.2% or $3.10 to $34.45 after the security systems and service provider reported third quarter revenues increased 4.9% to $337.9 million compared to $321.9 million in the same period last year. Net income in the quarter surged 20.7% to $28.6 million or 54 cents per diluted share compared to $23.7 million or 45 cents per share a year ago.

Chico’s FAS, Inc. ((CHS)) declined 8.2% or $1.25 to $13.96 after the apparel retailer reported first quarter net sales increased 11.5% to $537.2 million compared to $481.6 million in the same period last year. Comparable sales increased 7.7%. Net income in the quarter grew 8.5% to $45.9 million or 26 cents per diluted share compared to $35.4 million or 20 cents per share a year ago.

Citi Trends, Inc. ((CTRN)) tumbled 19.8% or $4.24 to $17.17 after the apparel and accessories retailer said first quarter total sales rose 4.3% to $189.2 million compared to $181.4 million in the same period last year. Comparable store sales decreased 6.9%. Net income in the quarter rose to $12.1 million or 83 cents per diluted share compared to $12.4 million or 86 cents per share a year ago.

Deere & Company ((DE)) slumped 1% or 94 cents to $86.05 after the agriculture and turf, construction company reported second quarter revenues soared 25% to $8.9 billion compared to $7.1 billion in the same period last year. Net income in the quarter surged 65% to $904.3 million or $2.12 per diluted share compared to $547.5 million or $1.28 per share a year ago.

Dell Inc. ((DELL)) surged 4.4% or 71 cents to $16.61 after the computers technology company reported first quarter revenues rose 1% to $15.0 billion compared to $14.9 billion in the same period last year. Net income in the quarter surged 177% to $945 million or 49 cents diluted share compared to $341 million or 17 cents per share a year earlier.

Eaton Vance Corp. ((EV)) fell 0.5% or 17 cents to $32.02 after the investment company reported second quarter revenues increased 19% to $325.8 million compared to $272.9 million in the same period last year. Net income in the quarter surged 74% to $62.5 million or 50 cents per diluted share compared to $36.0 million or 29 cents per share a year ago.

Quantum Corporation ((QTM)) soared 8.9% or 25 cents to $3.04 after the computer storage device maker said fourth quarter total revenue edged up to $165.1 million compared to $164.4 million in the same period last year. Net loss in the quarter narrowed to $1.65 million or 1 cent diluted share compared to $4.36 million or 2 cents per share a year earlier.

Staples, Inc. ((SPLS)) tumbled 15.2% or $3.00 to $16.65 after the office products company reported first quarter total sales rose 2% to $6.2 billion compared to $6.0 billion in the same period last year. Net income in the quarter grew 5% to $198.2 million or 28 cents per diluted share compared to $188.8 million or 26 cents per share a year ago.

Target Corporation ((TGT)) advanced 1% or 53 cents to $50.25 after the general merchandise store reported first quarter total revenues increased 2.2% to $15.9 billion compared to $15.6 billion in the same period last year. Comparable club sales rose 2%. Net earnings in the quarter rose 2.7% to $689 million or 99 cents per diluted share compared to $671 million or 90 cents per share a year ago.

ViaSat, Inc. ((VSAT)) surged 6.1% or $2.51 to $43.60 after the satellite and wireless communication service provider reported fourth quarter revenues increased to $216.4 million compared to $212.6 million in the same period last year. Net income in the quarter rose to $12.1 million or 28 cents diluted share compared to $10.4 million or 27 cents per share a year earlier.