U.S. Movers: G-III, Navistar, Pep Boys, Temple-Inland

Mukesh Buch
07 Jun, 2011
New York City

Booz Allen fourth quarter net more than tripled. G-III Apparel said quarterly net loss of narrowed. Navistar second quarter net income increased to $74 million. Talbots swung to quarterly profit. Temple-Inland rejects unsolicited takeover proposal from International Paper.

[R]11:30 AM New York – Booz Allen fourth quarter net more than tripled. G-III Apparel said quarterly net loss of narrowed. Navistar second quarter net income increased to $74 million. Talbots swung to quarterly profit. Temple-Inland rejects unsolicited takeover proposal from International Paper.[/R]

Of 30 the stocks in the Dow, 25 increased and 4 decreased and 1 unchanged.

Of the stocks in the Dow Jones Industrial Average, Alcoa Inc. led the gainers with a rise of 2.31% followed by increase in Intel Corporation of 3.30%, in 3M Company of 1.41%, in Merck & Co., Inc. of 1.35%, in Caterpillar Inc. of 1.28%.

Cisco Systems, Inc. led the decliners with a fall of 0.69%, followed by decline in The Procter & Gamble Company of 0.34%, in The Boeing Company of 0.07%, in International Business Machines Corporation of 0.01%.

Other Movers

Booz Allen Hamilton Holding Corporation ((BAH)) increased 1.7% or 31 cents to $17.99 after the holding company reported fourth quarter revenues increased 10.4% to $1.49 billion from $1.35 billion in the same quarter last year. Net income in the quarter increased to $18.1 million or 13 cents per diluted share compared to $4.9 million or 4 cents per share a year ago.

Calavo Growers, Inc. ((CVGW)) gained 3.1% or 65 cents to $21.35 after the processed food products seller said second quarter revenues rose 9% to $118.7 million from $109.2 million in the same quarter of a year ago. Net income in the quarter fell to $2.4 million or 16 cents per diluted share compared to $4.8 million or 33 cents per share a year earlier.

G-III Apparel Group, Ltd. ((GIII)) plunged 10.6% or $4.09 to $34.40 after the apparel and accessories maker reported first quarter net sales increased 28% to $196.9 million compared to $154.3 million in the same period last year. Net loss in the quarter narrowed to $0.5 million or 3 cents per diluted share compared to net income of $1.4 million or 7 cents per share a year earlier.

FuelCell Energy, Inc. ((FCEL)) decreased 1.1% or 2 cents to $1.76 after the fuel cell maker said second quarter revenues grew to $28.6 million from $16.6 million in the same quarter last year. Net loss in the quarter widened to $29.7 million or 24 cents per diluted share compared to $16.7 million or 20 cents per share a year ago.

Ferrellgas Partners, L.P. ((FGP)) slumped 5.7% or $1.40 to $22.82 after the distributor of propane and related equipment and supplies stated third quarter revenues rose 19% to $732.37 million from $615.3 million in the same quarter a year ago. Net earnings in the quarter plunged 89% to $3.17 million or 4 cents per diluted share compared to net earnings of $28.86 million or 41 cents per share in the prior-year quarter.

Hooker Furniture Corporation ((HOFT)) fell 0.5% or 6 cents to $10.60 after the household furniture maker said first quarter net sales increased 13.7% to $58.4 million compared to $51.4 million in the same period last year. Net income in the quarter fell $0.5 million or 5 cents per diluted share compared to $1.1 million or 10 cents per share a year earlier.

Modine Manufacturing Company ((MOD)) advanced 8.4% or $1.19 to $15.24 after the thermal management systems maker reported fourth quarter net sales increased 22% to $396.8 million compared to $324.8 million in the same period last year. Net earnings in the quarter were $12.3 million or 26 cents per diluted share compared to net loss of $11.2 million or 24 cents per share a year ago.

Navistar International Corporation ((NAV)) slipped 3.6% or $2.30 to $60.57 after the holding company reported second quarter net sales and revenues increased to $3.4 billion compared to $2.7 billion in the same period last year. Net income in the quarter increased to $74 million or 93 cents per diluted share compared to $43 million or 60 cents per share a year ago.

PriceSmart, Inc. ((PSMT)) increased 2.8% or $1.22 to $44.56 after the consumer goods and perishables company said comparable sales for the month of May increased 19%, compared to the same five-week period last year.

Net sales for the month increased 18.7% to $140.7 million from $118.5 million a year earlier.

The Talbots, Inc. ((TLB)) plunged 37.7% or $1.68 to $2.74 after the specialty retailer said first quarter net sales decreased 6% to $301.3 million compared to $320.7 million in the same period last year. Comparable sales decreased 7.7%. Net income in the quarter was $0.7 million or 1 cents per diluted share compared to net loss of $4.3 million or 8 cents per share a year ago.

The Pep Boys-Manny, Moe & Jack ((PBY)) slumped 17.1% or $2.32 to $11.18 after the automotive service retailer reported first quarter sales rose 0.7% to $513.5 million compared to $510.0 million in the same period last year. Comparable sales fell 0.6%. Net earnings in the quarter edged up to $12.4 million or 23 cents per diluted share compared to $12.0 million or 23 cents per share a year ago.

Temple-Inland Inc. ((TIN)) soared 41% or $8.63 to $29.62 after the packaging and building products maker rejects unsolicited takeover proposal from International Paper ((IP)) to acquire the company for $30.60 per Temple-Inland share in cash.