U.S. Movers: Aeropostale, Donaldson, Hibbett, Intuit, Nordson, Gap

Mukesh Buch
20 May, 2011
New York City

Aeropostale first quarter net income declined 64% to $16.4 million. Donaldson third quarter net earnings surged 25% to $62 million. Intuit third quarter net income rose to $688 million. Salesforce.com first quarter net income tumbled to $0.5 mn. Gap first quarter net income declined 23% to $233 mn.

[R]10:30 AM New York – Aeropostale first quarter net income declined 64% to $16.4 million. Donaldson third quarter net earnings surged 25% to $62 million. Intuit third quarter net income rose to $688 million. Salesforce.com first quarter net income tumbled to $0.5 million. Gap first quarter net income declined 23% to $233 million.[/R]

Of 30 the stocks in the Dow, 4 increased and 26 decreased.

Of the stocks in the Dow Jones Industrial Average, Bank of America Corporation led the gainers with a rise of 0.51% followed by increase in Kraft Foods Inc. of 0.51%, in Hewlett-Packard Company of 0.19%, in The Procter & Gamble Company of 0.02%.

Chevron Corporation led the decliners with a fall of 1.71%, followed by decline in General Electric Company of 1.58%, in Exxon Mobil Corporation of 1.45%, in E. I. du Pont de Nemours and Company of 1.29%, in Alcoa Inc. of 1.25%.

Other Movers

AnnTaylor Stores Corp ((ANN)) declined 5.7% or $1.75 to $28.46 after the specialty retailer reported first quarter net sales increased to $523.6 million compared to $476.2 million in the same period last year. Total company comparable sales increased 7.8%. Net income in the quarter rose to $27.3 million or 51 cents per diluted share compared to $22.6 million or 38 cents per share a year ago period.

Aeropostale, Inc. ((ARO)) tumbled 18.7% or $3.99 to $17.35 after the apparel and accessory retailer said first quarter net sales rose 1% to $469.2 million compared to $463.6 million in the same period last year. Same store sales decreased 7%. Net income in the quarter declined 64% to $16.4 million or 20 cents per diluted share compared to $45.4 million or 48 cents per share a year ago.

Aruba Networks, Inc. ((ARUN)) plunged 14.5% or $4.76 to $27.93 after the communication services provider reported third quarter revenue surged 53% to $105.8 million compared to $69.0 million in the same period last year. Net income in the quarter to $3.2 million or 3 cents per diluted share compared to net loss of $5.3 million or 6 cents per share a year earlier.

Brocade Communications Systems, Inc ((BRCD)) soared 6.3% or 40 cents to $6.66 after the computer storage device maker said second quarter revenue fell to $550 million compared to $546 million in the same period last year. Net income in the quarter rose to $28 million or 6 cents per diluted share compared to $27 million or 6 cents per share a year ago.

Donaldson Company, Inc. ((DCI)) increased 1.2% or 81 cents to $60.20 after the filtration system maker reported third quarter net sales increased 19% to $595 million compared to $498 million in the same period last year. Net earnings in the quarter surged 25% to $62 million or 79 cents per diluted share compared to $49 million or 62 cents per share a year ago.

Foot Locker, Inc. ((FL)) surged 12.3% o $2.74 to $25.00 after the athletic footwear and apparel retailer said first quarter sales increased 13.3% to $1.45 billion compared to $1.28 billion in the same period last year. Comparable store sales increased 12.8%. Net income in the quarter soared 76% to $94 million or 60 cents per diluted share compared to $54 million or 34 cents per share a year ago period.

Hibbett Sports, Inc. ((HIBB)) gained 3.8% or $1.44 to $38.95 after the sports goods retailer reported first quarter net sales rose 10.4% to $203.7 million compared to $184.5 million in the same period last year. Comparable store sales increased 6.8%. Net income in the quarter increased 23.1% to $21.3 million or 76 cents per diluted share compared to $17.3 million or 59 cents per share a year ago.

Intuit Inc. ((INTU)) decreased 1.8% or $1.04 to $54.86 after the software company reported third quarter revenue rose 15% to $1.8 billion compared to $1.6 billion in the same period last year. Net income in the quarter rose to $688 million or $2.20 per diluted share compared to $576 million or $1.78 per share a year ago.

Nordson Corporation ((NDSN)) slumped 6.2% or $3.41 to $51.00 after the industrial equipments maker said second quarter sales increased 27% to $319 million compared to $252 million in the same period last year. Net income in the quarter grew to $65.2 million or 95 cents per diluted share compared to $32.4 million or 47 cents per share a year ago period.

Raven Industries, Inc. ((RAVN)) slipped 2.5% or $1.45 to $54.63 after the communication equipment maker reported first quarter sales rose 19% to $101.5 million compared to $85.0 million in the same period last year. Net income in the quarter increased 21% to $15.7 million or 86 cents per diluted share compared to $12.9 million or 72 cents per share a year ago.

Ross Stores, Inc. ((ROST)) decreased 1.4% or $1.20 to $79.58 after the off-price retailer said first quarter sales increased 7% to $2.07 billion compared to $1.93 billion in the same period last year. Comparable store sales rose 3%. Net earnings in the quarter surged 22% to $173.0 million or $1.48 per diluted share compared to $142.3 million or $1.16 per share a year ago period.

Salesforce.com, Inc. ((CRM)) soared 9.9% or $13.52 to $149.33 after the computing applications provider reported first quarter revenue soared 34% to $504.3 million compared to $376.8 million in the same period last year. Net income in the quarter tumbled to $0.5 million or break even per diluted share compared to $17.7 million or 13 cents per share a year ago.

Stage Stores, Inc. ((SSI)) declined 3.2% or 54 cents to $16.11 after the specialty department store said first quarter net sales rose to $346.5 million compared to $340.0 million in the same period last year. Net loss in the quarter was $0.4 million or 1 cent per diluted share compared to net income of $2.2 million or 6 cents per share a year ago.

The Gap, Inc. ((GPS)) tumbled 16.9% or $3.94 to $19.35 after the specialty retailer reported first quarter net sales fell 1% to $3.29 billion compared to $3.33 million in the same period last year. Comparable store sales fell 3%. Net income in the quarter declined 23% to $233 million or 40 cents per diluted share compared to $302 million or 45 cents per share a year ago.

The Toro Company ((TTC)) slumped 2.7% or $1.86 to $65.26 after the turf maintenance equipment and service provider said second quarter net sales increased to $631.6 million compared to $562.8 million in the same period last year. Net earnings in the quarter grew to $60.2 million or $1.88 per diluted share compared to $45.6 million or $1.34 per share a year ago period.

The Wet Seal, Inc. ((WTSLA)) plunged 8.7% or 41 cents to $4.30 after the specialty retailer reported first quarter net sales grew to $156.0 million compared to $137.8 million in the same period last year. Comparable store sales increased 7%. Net income in the quarter soared to $8.0 million or 8 cents per diluted share compared to $3.1 million or 3 cents per share a year earlier.

Yingli Green Energy Holding Co. Ltd. ((YGE)) declined 8.5% or 85 cents to $9.11 after the Chinese solar energy products maker reported first quarter total net revenues surged 40.9% to 3.45 billion yuan from 2.45 billion yuan in the first quarter of 2010. Net income in the quarter increased 93% to 368.3 million yuan from 190.88 million yuan in the previous year.

Earnings per share and per ADS grew to 2.29 yuan from 1.24 yuan in the first quarter of 2010.

Zumiez Inc. ((ZUMZ)) soared 4.5% or $1.20 to $27.49 after the mall-based specialty retailer reported first quarter net sales increased 18.8% to $105.9 million compared to $89.1 million in the same period last year. Comparable store sales increased 12.6%. Net income in the quarter was $1.9 million or 6 cents per diluted share compared to net loss of $1.9 million or 6 cents per share a year ago.