U.S. Movers: Big Lots, Computer Sciences, Guess, Heinz, NetApp, TD Bank

Mukesh Buch
26 May, 2011
New York City

Big Lots first quarter net income fell 4.3% to $52.4 million. Guess first quarter net income fell 15% to $42.7 million. Heinz fourth quarter net income soared 16.4% to $224 million. NetApp fourth quarter net income rose to $160.6 million. TD Bank second quarter net income rose to $1.33 billion.

[R]10:30 AM New York – Big Lots first quarter net income fell 4.3% to $52.4 million. Guess first quarter net income fell 15% to $42.7 million. Heinz fourth quarter net income soared 16.4% to $224 million. NetApp fourth quarter net income rose to $160.6 million. TD Bank second quarter net income rose to $1.33 billion.[/R]

Of 30 the stocks in the Dow, 7 increased and 22 decreased and 1 unchanged.

Of the stocks in the Dow Jones Industrial Average, Microsoft Corporation led the gainers with a rise of 2.03% followed by increase in Hewlett-Packard Company of 1.08%, in Bank of America Corporation of 0.53%, in Cisco Systems, Inc. of 0.49%, in Kraft Foods Inc. of 0.29%.

The Home Depot, Inc. led the decliners with a fall of 1.30%, followed by decline in The Walt Disney Company of 1.28%, in Merck & Co., Inc. of 1.23%, in Johnson & Johnson of 1.19%, in Alcoa Inc. of 1.16%.

Other Movers

99 Cents Only Stores ((NDN)) fell 0.4% or 10 cents to $20.27 after the consumable retailer reported fourth quarter net sales rose to $366.4 million compared to $328.6 million in the same period last year. Same store sales rose 0.5%. Net income in the quarter grew 4.7% to $17.9 million or 25 cents per diluted share compared to $16.9 million or 24 cents per share a year ago.

Big Lots, Inc. ((BIG)) slipped 1.7% o 58 cents to $31.75 after the consumable retailer reported first quarter net sales fell 0.6% to $1,227.3 million compared to $1,235.2 million in the same period last year. Comparable sales decreased 3.6%. Net income in the quarter fell 4.3% to $52.4 million or 70 cents per diluted share compared to $55.9 million or 68 cents per share a year ago.

Canadian Imperial Bank of Commerce ((CM)) declined 3.8% or $3.28 to $82.87 after the Canada based diversified financial institution reported second quarter total revenue fell to $2.89 billion compared to $2.92 billion in the same period last year. Net income in the quarter rose to $678 million or $1.60 per diluted share compared to $660 million or $1.59 per share a year ago.

CorVel Corporation ((CRVL)) increased 1.9% o 99 cents to $51.23 after the healthcare company said fourth quarter revenues soared 15% to $100 million compared to $88 million in the same period last year. Net income in the quarter plunged to $2.65 million or 22 cents per diluted share compared to $6.62 million or 54 cents per share a year earlier.

Computer Sciences Corporation ((CSC)) tumbled 14.1% or $.25 to $37.84 after the information technology company reported fourth quarter revenues flat to $4.20 billion compared to $4.20 billion in the same period last year. Net income in the quarter declined to $171 million or $1.09 per diluted share compared to $259 million or $1.66 per share a year ago.

Guess, Inc. ((GES)) soared 11% or $4.42 to $44.52 after the apparel and accessory retailer first quarter total sales rose 9.8% to $592.2 million compared to $539.3 million in the same period last year. Net income in the quarter decreased 15.2% to $42.7 million or 46 cents per diluted share compared to $50.3 million or 54 cents per share a year earlier.

FRED’S, Inc. ((FRED)) rose 0.5% or 7 cents to $13.84 after the discount general merchandise store operator said first quarter total sales rose 3% to $484.4 million compared to $471.6 million in the same period last year. Comparable sales rose 1%. Net income in the quarter increased 16% to $9.5 million or 24 cents per diluted share compared to $8.2 million or 21 cents per share a year earlier.

H. J. Heinz Company ((HNZ)) rose 0.6% or 36 cents to $53.75 after the food processing company reported fourth quarter revenues surged 6% to $2.89 billion compared to $2.72 billion in the same period last year. Net income in the quarter soared 16.4% to $224 million or 69 cents per diluted share compared to $192.4 million or 60 cents per share a year ago.

Hhgregg, Inc. ((HGG)) surged 14.5% or $1.87 to $14.82 after the home appliances retailer said fourth quarter revenues increased 21.5% to $507.0 million compared to $417.3 million in the same period last year. Comparable sales decreased 10.8%. Net income in the quarter grew to $14.6 million or 36 cents per diluted share compared to $10.0 million or 25 cents per share a year earlier.

NetApp, Inc. ((NTAP)) advanced 7.6% or $3.98 to $55.71 after the computer storage devices maker reported fourth quarter revenues grew to $1.43 billion compared to $1.17 billion in the same period last year. Net income in the quarter rose to $160.6 million or 40 cents per diluted share compared to $145.1 million or 40 cents per share a year ago.

Patterson Companies, Inc. ((PDCO)) decreased 1.2% or 44 cents to $34.69 after the medical equipment and supplies company reported fourth quarter revenues soared 9% to $883.8 million compared to $812.7 million in the same period last year. Net income in the quarter rose to $62.7 million or 53 cents per diluted share compared to $61.8 million or 52 cents per share a year ago.

Quality Systems, Inc ((QSII)) plunged 4.3% or $3.85 to $84.91 after the healthcare information system maker reported fourth quarter revenues increased 24% to $97.1 million compared to $78.5 million in the same period last year. Net income in the quarter surged 24% to $18.6 million or 64 cents per diluted share compared to $13.1 million or 45 cents per share a year ago.

RBC Bearings Incorporated ((ROLL)) gained 3.1% or $1.20 to $38.80 after the bearing maker said fourth quarter net sales increased 11.4% to $88.9 million compared to $79.8 million in the same period last year. Net income in the quarter grew 2.1% to $9.9 million or 44 cents per diluted share compared to $9.7 million or 44 cents per share a year earlier.

Signet Jewelers Limited ((SIG)) gained 3.8% or $1.66 to $45.21 after the Bermuda based retailer reported first quarter total sales soared 10.2% to $887.3 million compared to $805.4 million in the same period last year. Same store sales: up 10.2%. Net income in the quarter rose to $75.4 million or 87 cents per diluted share compared to $50.3 million or 58 cents per share a year ago.

The Toronto-Dominion Bank ((TD)) slumped 2% or $1.77 to $85.01 after the Canada based bank reported second quarter total revenue surged to $5.12 billion compared to $4.77 billion in the same period last year. Net income in the quarter rose to $1.33 billion or $1.46 per diluted share compared to $1.18 billion or $1.30 per share a year ago.