U.S. Movers: Aeroflex, Dollar Tree, Limited Brands, Sears, J. M. Smucker

Mukesh Buch
18 Aug, 2011
New York City

Aeroflex reported fourth quarter net loss of $21.6 million. Dollar Tree second quarter net income rose 6% to $95 million. Limited Brands quarter net income rose to $231.2 million. Sears reported second quarter net loss of $146 million. J.M. Smucker first quarter net income rose 8% to $111.5 million.

[R]12:10 AM New York – Aeroflex reported fourth quarter net loss of $21.6 million. Dollar Tree second quarter net income rose 6% to $95 million. Limited Brands quarter net income rose to $231.2 million. Sears reported second quarter net loss of $146 million. J. M. Smucker first quarter net income rose 8% to $111.5 million.[/R]

Of 30 the stocks in the Dow, all are decreased.

Of the stocks in the Dow Jones Industrial Average, JPMorgan Chase & Co. led the gainers with a rise of 2.72% followed by increase in The Home Depot, Inc. of 2.11%, in Alcoa Inc. of 1.96%, in Verizon Communications Inc. of 1.69%, in American Express Company of 1.56%.

Bank of America Corporation led the decliners with a fall of 6.97%, followed by decline in Hewlett-Packard Company of 6.50%, in International Business Machines of 6.10%, in Alcoa Inc. of 5.22%, in The Boeing Company of 5.15%.

Other Movers

Aeroflex Holding Corp. ((ARX)) slumped 15.6% or $1.55 to $8.35 after the microwave integrated circuit maker said fourth quarter net sales rose 4.7% to $198.7 million from $189.8 million in the same quarter last year. Net loss in the quarter was $21.6 million or 25 cents per diluted share compared to net income of $16.0 million or 25 cents per share a year ago.

CACI International Inc ((CACI)) fell 0.7% or 35 cents to $48.47 after the information technology provider reported fourth quarter revenues increased 13.5% to $963.2 million from $848.7 million in the same quarter last year. Net income in the quarter soared 53.5% to $45.9 million or $1.44 per diluted share compared to $29.9 million or $0.96 per share a year earlier.

Dollar Tree, Inc ((DLTR)) decreased 3.4% or $2.30 to $64.21 after the discount store operator reported second quarter net sales increased 11.9% to $1.54 billion from $1.38 billion in the same quarter last year. Comparable club store sales increased 4.7%.

Net income in the quarter increased 6.2% to $94.9 million or 77 cents per diluted share compared to $78.0 million or 61 cents per share a year ago period.

Hot Topic, Inc. ((HOTT)) increased 7.3% or 51 cents to $7.47 after the mall and web based specialty retailer reported second quarter total sales rose 0.7% to $150.9 million from $150.0 million in the same quarter last year. Total company comparable store sales increased 2.6%.

Net loss in the quarter was $6.2 million or 14 cents per diluted share compared to $6.3 million or 14 cents per share a year ago quarter.

Lancaster Colony Corporation ((LANC)) slipped 2.8% or $1.63 to $55.89 after the specialty food maker reported fourth quarter net sales rose 3% to $256 million from $248 million in the same quarter last year. Net income in the quarter increased to $29.3 million or $1.07 per diluted share compared to $22.8 million or $0.81 per share a year ago period.

Limited Brands, Inc. ((LTD)) rose 1% or 37 cents to $34.71 after the specialty retailer reported second quarter net sales increased to $2.46 billion from $2.24 billion in the same quarter last year. Comparable club store sales increased 9%.

Net income in the quarter increased to $231.2 million or 73 cents per diluted share compared to $178.7 million or 54 cents per share a year ago period.

NetApp, Inc. ((NTAP)) slumped 18.1% or $7.58 to $34.08 after the data storage solution provider reported first quarter revenues increased 26% to $1.46 billion from $1.15 billion in the same quarter last year. Net income in the quarter fell to $139.5 million or 34 cents per diluted share compared to $150.7 million or 40 cents per share a year earlier.

PetSmart, Inc. ((PETM)) fell 0.3% or 16 cents to $41.40 after the pet’s products provider reported second quarter total sales rose 7% to $1.5 billion from $1.4 billion in the same quarter last year. Net income in the quarter increased $61.2 million or 54 cents per diluted share compared to $48.4 million or 41 cents per share a year ago quarter.

Ross Stores, Inc. ((ROST)) decreased 3.5% or $2.56 to $69.24 after the off-price apparel retailer reported second quarter revenue increased 9% to $2.09 billion from $1.91 billion in the same quarter last year. Comparable store sales increased 5%.

Net earnings in the quarter increased 15% to $148.3 million or $1.28 per diluted share compared to $129.3 million or $1.07 per share a year ago.

Sears Holdings Corporation ((SHLD)) slipped 6% or $3.66 to $56.48 after the specialty retailer reported second quarter revenues decreased to $10.3 billion from $10.5 billion in the same quarter last year. Domestic comparable store sales declined 1.2%.

Net loss in the quarter was $146 million or $1.37 per diluted share compared to $39 million or $0.35 per share a year ago.

SINA Corporation ((SINA)) gained 2.5% or $2.34 to $95.24 after the China based online media company reported second quarter net revenues increased 20% to $119.0 million from $99.4 million in the same quarter last year. Net income in the quarter decreased to $10.0 million or 15 cents per diluted share compared to $25.2 million or 38 cents per share a year ago.

Synopsys, Inc. ((SNPS)) increased 2.6% or 62 cents to $24.06 after the technology solution provider reported third quarter revenues increased 14.8% to $386.8 million from $336.9 million in the same quarter last year. Net income in the quarter increased to $52.1 million or 35 cents per diluted share compared to $39.3 million or 26 cents per share a year ago.

Stage Stores, Inc. ((SSI)) slumped 10.5% or $1.71 to $14.47 after the specialty department store retailer reported second quarter net sales increased 2.3% to $352.8 million from $345.0 million in the same quarter last year.

Net income in the quarter decreased to $10.0 million or 29 cents per diluted share compared to $10.3 million or 27 cents per share a year ago.

Stein Mart, Inc ((SMRT)) slipped 9.2% or 68 cents to $6.69 after the apparel retailer reported second quarter net sales decreased to $270 million from $276 million in the same quarter last year. Comparable store sales declined 1.1%.

Net income in the quarter decreased to $1.3 million or 3 cents per diluted share compared to $11.3 million or 25 cents per share a year ago.

The Buckle, Inc. ((BKE)) decreased 5.5% or $2.08 to $35.32 after the apparel retailer reported second quarter net sales increased 12.6% to $212.4 million from $188.6 million in the same quarter last year. Comparable store net sales increased 8.9%.

Net income in the quarter increased to $23.6 million or 50 cents per diluted share compared to $20.7 million or 45 cents per share a year ago.

The Cato Corporation ((CATO)) fell 1.9% or 47 cents to $23.95 after the women’s fashion specialty store operator reported second quarter net sales increased 1% to $234.1 million from $231.8 million in the same quarter last year. Same store sales decreased 1%.

Net income in the quarter increased to $18.1 million or 61 cents per diluted share compared to $17.0 million or 58 cents per share a year ago.

The Children''s Place Retail Stores, Inc. ((PLCE)) rose 0.6% or 27 cents to $40.86 after the specialty apparel retailer reported second quarter net sales decreased to $243.5 million from $345.3 million in the same quarter last year. Comparable retail sales declined 5.6%.

Net loss in the quarter was $9.8 million or 38 cents per diluted share compared to $8.2 million or 30 cents per share a year ago.

Tech Data Corporation ((TECD)) fell 0.2% or 12 cents to $42.42 after the technology products distributor reported second quarter net sales increased 18% to $6.45 billion from $5.47 billion in the same quarter last year. Net income in the quarter increased 23% to $50.1 million or $1.10 per diluted share compared to $40.9 million or $0.82 per share a year ago.

The J. M. Smucker Company ((SJM)) decreased 6.1% or $4.62 to $70.94 after the branded food products maker reported first quarter net sales increased 14% to $1.19 billion from $1.5 billion in the same quarter last year. Net income in the quarter increased 8% to $111.5 million or 98 cents per diluted share compared to $102.9 million or 86 cents per share a year ago.