U.S. Movers: Constellation, Helen of Troy, Marriott, Ruby Tuesday, Zumiez

Mukesh Buch
06 Oct, 2011
New York City

Constellation Brands second quarter net income increased to $162.7 million. Helen of Troy second quarter net income rose to $23.6 million. Marriott reported third quarter net loss swung to $179 million. Ruby Tuesday first quarter net income declined 75% to $3.1 million.

[R]11:50 AM New York � Constellation Brands second quarter net income increased to $162.7 million. Helen of Troy second quarter net income rose to $23.6 million. Marriott reported third quarter net loss swung to $179 million. Ruby Tuesday first quarter net income declined 75% to $3.1 million.[/R]

Apple Inc ((AAPL)) surged 1.5% to $384.27 in sympathy after the company said its Chairman former chief executive Steve Jobs died.

Jobs led the company to the largest market cap of all U.S. publicly traded companies from its near demise only twelve years ago with the launch of successful music device, phone and computer tablets.

AMR Corp ((AMR)) declined 1.2% to $2.42 after the parent of American Airlines said its September traffic increased 1.9% on the steady rise in international travel to across the Pacific to Asia.

Constellation Brands, Inc. ((STZ)) increased 9.4% or $1.76 to $20.48 after the wine company reported second quarter net sales declined to $0.77 billion compared to $1.06 billion in the same period last year. Net income in the quarter increased to $162.7 million or 76 cents per diluted share compared to $91.3 million or 43 cents per share a year ago.

Corning Inc ((GLW)) gained 4.7% to $13.18 after the engineering company announced a stock buyback of $1.5 billion and increased its quarterly dividend 50%.

Helen of Troy Limited ((HELE)) dropped 13.5% or $3.82 to $24.35 after the consumer products developer reported second quarter net sales increased to $277.4 million compared to $174.8 million in the same period last year. Net income in the quarter increased to $23.6 million or 74 cents per diluted share compared to $23.5 million or 75 cents per share a year ago.

International Speedway Corporation ((ISCA)) slipped 3.5% or 83 cents to $22.37 after the owner of motor-sports entertainment company reported third quarter total revenues declined to $150.3 million compared to $160.2 million in the same period last year. Net income in the quarter increased to $9.65 million or 23 cents per diluted share compared to $3.61 million or 8 cents per share a year ago.

Marriott International, Inc. ((MAR)) increased 1.9% or 55 cents to $28.73 after the hotels operator reported third quarter total revenues soared to $2.87 billion compared to $2.65 billion in the same period last year. Net loss in the quarter swung to $179 million or 52 cents per diluted share compared to net income of $83 million or 22 cents per share a year ago.

OCZ Technology Group, Inc. ((OCZ)) soared 14.6% or 73 cents to $5.70 after the storage devices maker said second quarter revenues surged 106% to $78.5 million compared to $38.0 million in the same period last year. Net income in the quarter was to $3.22 million or 6 cents per diluted share compared to net loss of $7.59 million or 29 cents per share a year ago.

The company agreed to acquire the UK Design Team and certain assets from PLX Technology.

Robbins & Myers, Inc. ((RBN)) increased 2% or 74 cents to $37.25 after supplier of engineered equipment and systems reported fourth quarter sales increased to $259 million compared to $139.9 million in the same period last year. Net income in the quarter increased to $35.4 million or 77 cents per diluted share compared to $14.8 million or 45 cents per share a year ago.

Ruby Tuesday, Inc. ((RT)) rose 0.7% or 5 cents to $7.21 after the dining restaurants operator said first quarter total revenues grew 9.1% to $330.3 million compared to $302.7 million in the same period last year. Same-restaurant sales decreased 4.1%.

Net income in the quarter declined 75.1% to $3.09 million or 5 cents per diluted share compared to $12.4 million or 19 cents per share a year ago.

Village Super Market, Inc. ((VLGEA)) rose 0.2% or 7 cents to $24.38 after the grocery retailer said fourth quarter sales rose 7.7% to $345 million from $342.7 million in the same quarter last year. Same stores sales in the quarter increased 7.7%.

Net income in the quarter fell to $8.8 million or 64 cents per diluted share compared to $8.9 million or 66 cents per share a year ago.

Zumiez Inc. ((ZUMZ)) advanced 10.5% or $2.01 to $20.80 after the specialty retailer raised its third-quarter earnings and sales guidance and the company expects third quarter sales between $150 and $152 million and net income per diluted share is projected at between $0.40 and $0.41 from the previous guidance between $0.37 and $0.39.