U.S. Movers: Autodesk, Dell, Limited Brands, Target, Tyco International

Mukesh Buch
16 Nov, 2011
New York City

Autodesk third quarter net increased to $72.8 million. Dell third quarter net increased 9% to $893 million. Limited Brands third quarter net soared 55% to $94.3 million. Target third quarter net increased 3.7% to $555 million. Tyco International fourth quarter increased to $400 million.

[R]11:55 AM New York – Autodesk third quarter net increased to $72.8 million. Dell third quarter net increased 9% to $893 million. Limited Brands third quarter net soared 55% to $94.3 million. Target third quarter net increased 3.7% to $555 million. Tyco International fourth quarter increased to $400 million.[/R]

Abercrombie & Fitch Co. ((ANF)) decreased 6.3% or 81 cents to $11.66 after the sportswear retailer reported third quarter net sales increased 21% to $1.08 billion from $0.89 billion in the same quarter last year. Total comparable store sales increased 7%. Net income in the quarter flat to $50.9 million or 57 cents per diluted share compared to $50.0 million or 56 per share a year ago period.

Autodesk, Inc. ((ADSK)) decreased 2% or 74 cents to $34.84 after the software company reported third quarter revenue increased 15% to $548.6 million from $476.7 million in the year-ago quarter. Net income in the quarter increased to $72.8 million or 32 cents per diluted share compared to $53.6 million or 23 cents per share in the year ago earlier.

Agilent Technologies, Inc. ((A)) fell 0.6% or 26 cents to $38.32 after the measurement company revenue grew 10% to $1.73 billion from $1.58 billion in the year-ago quarter. Net income in the quarter fell 1% to $289 million or 82 cents per diluted share compared to $292 million or 83 cents per share in the year ago quarter.

Bob Evans Farms, Inc. ((BOBE)) increased 1% or 36 cents to $31.99 after the restaurant operator reported second quarter net sales fell 2.4% to $407.2 million from $417.0 million in the year-ago quarter. Net income in the quarter increased to $12.7 million or 42 cents per diluted share compared to $7.8 million or 26 cents per share in the year ago period.

Concur Technologies, Inc. ((CNQR)) rose 0.02% or 1 cent to $46.76 after the software solution provider reported fourth quarter revenue increased 23% to $95.2 million from $77.5 million in the year-ago quarter. Net loss in the quarter swung to $14.0 million or 26 cents per diluted share compared to net income of $3.4 million or 6 cents per share in the year ago quarter.

Destination Maternity Corporation ((DEST)) decreased 3.9% or 61 cents to $14.89 after the maternity apparel retailer reported fourth quarter net sales grew to $129.4 million from $124.3 million in the same quarter last year. Comparable retail sales for the quarter decreased 1.7%. Net income in the quarter fell to $2.69 million or 20 cents per diluted share compared to $4.29 million or 33 per share a year ago earlier.

Dell Inc. ((DELL)) decreased 1.2% or 19 cents to $14.94 after the technology companyreported third quarter revenue flat to $15.37 billion from $15.39 billion in the year-ago quarter. Net income in the quarter increased 9% to $893 million or 49 cents per diluted share compared to $822 million or 42 cents per share in the year ago.

Limited Brands, Inc. ((LTD)) decreased 1.7% or 75 cents to $42.23 after the specialty retailer reported third quarter revenues grew 9.6% to $2.173 billion from $1.983 billion in the year-ago quarter. Net income in the quarter soared 54.6% to $94.3 million or 31 cents per diluted share compared to net income of $61.3 million or 18 cents per share in the year-ago period.

PetSmart, Inc. ((PETM)) slipped 1.6% or 79 cents to $46.88 after the pet specialty products provider reported third quarter total sales grew 8% to $1.5 billion from $1.4 billion in the same quarter last year. Comparable store sales increased 6.1%. Net income in the quarter rose to $56.2 million or 50 cents per diluted share compared to $45.6 million or 38 cents per share a year ago period.

Target Corporation ((TGT)) rose 0.2% or 12 cents to $53.06 after the general merchandise store operator reported third quarter total revenues rose 5.1% to $16.4 billion from $15.6 billion a year ago. Net earnings in the quarter rose 3.7% to $555 million or 82 cents per share compared to $535 million or 74 cents per share in the prior year.

Tyco International Ltd. ((TYC)) fell 0.9% or 46 cents to $46.54 the security products provider reported fourth quarter revenues increased 4% to $4.7 billion from $4.5 billion in the same quarter last year. Net income in the quarter increased to $400 million or 85 cents per diluted share compared to $266 million or 53 cent per share a year ago earlier.