U.S. Movers: Casey

Mukesh Buch
08 Sep, 2011
New York City

Casey

[R]11:45 AM New York – Casey’s General first quarter net earnings rose to $39.4 million. Pall Corp fourth quarter net income increased $97.4 million. Smithfield first quarter net income increased to $82.1 million. Men’s Wearhouse second quarter net earnings for the quarter increased 8.7% to $57.1 million.[/R]

Of 30 the stocks in the Dow, 15 increased and 15 decreased.

Of the stocks in the Dow Jones Industrial Average, Cisco Systems, Inc. led the gainers with a rise of 2.4% followed by increase in Microsoft Corporation of 2.1%, in Kraft Foods Inc. of 1.2%, in International Business Machines Corporation of 1.0%, in American Express Company of 0.9%.

The Boeing Company led the decliners with a fall of 2.2%, followed by decline in The Walt Disney Company of 1.3%, in Bank of America Corporation of 1.2%, in The Travelers Companies, Inc. of 1.0%, in 3M Company of 0.7%.

Other Movers

Casey’s General Stores, Inc. ((CASY)) decreased 5.9% or $2.75 to $43.11 after the retailer reported first quarter total revenue increased to $1.87 billion from $1.36 million last year. Same store sales of grocery and other merchandise increased 6.2%.

Net earnings for the quarter rose to $39.4 million or $1.03 per diluted share compared to $37.3 million or $0.73 per share a year ago.

G-III Apparel Group, Ltd. ((GIII)) slumped 16.1% or $4.64 to $24.02 after the apparel and accessories retailer reported second quarter net sales increased 21.7% to $230 million from $189 million last year. Net income for the quarter fell to $1.6 million or 8 cents per diluted share compared to $3.0 million or 15 cents per share last year.

John Wiley & Sons, Inc. ((JW.A)) decreased 1.8% or 88 cents to $47.13 after the printing and publishing company reported first quarter revenues increased 5% to $430 million from $408 million in the same quarter last year. Net income in the quarter rose to $50.8 million or 82 cents per diluted share compared to $44 million or 72 cents per share a year ago.

Pall Corporation ((PLL)) slipped 7.9% or $3.86 to $44.96 after the filtration, separation and purification technology provider reported fourth quarter sales climbed 15% to $780.4 million from $678.6 million last year. Net income for the quarter rose $97.4 million or 82 cents per diluted share compared to $55.0 million or 46 cents per share a year ago earlier.

Smithfield Foods, Inc. ((SFD)) decreased 4.4% or 98 cents to $21.14 after the food processing company reported first quarter sales increased 7% to $3.1 billion from $2.9 billion last year. Net income for the quarter increased to $82.1 million or 49 cents per diluted share compared to $76.3 million or 46 cents per share a year ago.

Spartech Corporation ((SEH)) soared 24.5% or $1.00 to $5.08 after the thermoplastic processor said third quarter net sales increased 8% to $291.7 million from $269.6 million last year. Net earnings for the quarter swung to $3 million or 10 cents per diluted share compared to net loss of $3.7 million or 12 cents per share last year.

Stewart Enterprises, Inc. ((STEI)) decreased 2% or 12 cents to $5.80 after the funeral and cemetery products and service provider said third quarter net sales rose 3% to $124.4 million from $122.6 million last year. Net earnings for the quarter soared to $12 million or 13 cents per diluted share compared to $6 million or 6 cents per share a year ago.

Titan Machinery Inc. ((TITN)) slumped 13.5% or $3.71 to $23.65 after the agricultural and construction equipment retailer said second quarter revenues surged 48.3% to $310.8 million from $209.7 million in the same quarter last year. Net income in the quarter rose to $6.3 million or 30 cents per diluted share compared to $2.7 million or 15 cents per share a year ago earlier.

The Descartes Systems Group Inc. ((DSGX)) increased 1.4% or 9 cents to $6.43 after the logistics technology provider said second quarter revenues increased 14% to $28.8 million from $25.2 million in the same quarter last year. Net income in the quarter soared 30% to $2.6 million or 4 cents per diluted share compared to $2.0 million or 3 cents per share a year ago earlier.

The Men’s Wearhouse, Inc. ((MW)) decreased 6.3% or $1.87 to $27.65 after the apparel retailer reported second quarter net sales increased 22.1% to $655.5 million from $537.0 million last year. Net earnings for the quarter increased 8.7% to $57.1 million or $1.09 per diluted share compared to $43.0 million or $0.81 per share a year ago.

United Natural Foods, Inc. ((UNFI)) increased 1.2% or 50 cents to $39.05 after the specialty foods and non-food products distributor reported fourth quarter net sales rose 17.2% to $1.16 billion from $1.0 billion last year. Net income for the quarter decreased 2.6% to $17.2 million or 35 cents per diluted share compared to $17.6 million or 40 cents per share a year ago.

Verint Systems Inc. ((VRNT)) rose 0.9% or 26 cents to $27.59 after the actionable intelligence solution provider reported second quarter revenues rose to $194.9 million from $180.7 million in the same quarter last year. Net income in the quarter fell to $6.8 million or 17 cents a diluted share compared to $7.9 million or 23 cents a share a year ago earlier.