U.S. Movers: American Eagle, OmniVision, SeaDrill, The Fresh Market

Mukesh Buch
30 Nov, 2011
New York City

American Eagle third quarter net increased 6.3% to $52.4 million. Jos. A. Bank Clothiers third quarter net rose 19.3% to $15 million. OmniVision second quarter net slipped to $21.1 million. Ralcorp fourth quarter net loss in the quarter swung to $370.1 million.

[R]10:35 AM New York – American Eagle third quarter net increased 6.3% to $52.4 million. Jos. A. Bank Clothiers third quarter net rose 19.3% to $15 million. OmniVision second quarter net slipped to $21.1 million. Ralcorp fourth quarter net loss in the quarter swung to $370.1 million.[/R]

American Eagle Outfitters, Inc ((AEO)) gained 3.8% or 52 cents to $13.95 after the apparel and accessories retailer reported third quarter total sales increased 11% to $832 million from $752 million in the same quarter last year. Comparable store sales increased 5% and online sales soared 21%. Net income in the quarter increased 6.3% to $52.4 million or 27 cents per diluted share compared to $33.0 million or 17 cents share a year ago.

Jos. A. Bank Clothiers, Inc. ((JOSB)) decreased 4.1% or $2.13 to $49.04 after the apparel retailer reported third quarter total sales soared 21% to $209.6 million from $173.3 million in the same quarter last year. Comparable store sales increased 14.6% and direct marketing sales soared 28.6%. Net income in the quarter rose 19.3% to $15.0 million or 54 cents per diluted share compared to $12.6 million or 45 cents share a year ago period.

OmniVision Technologies, Inc. ((OVTI)) dropped 7.2% or 92 cents to $10.27 after the image sensor devices maker reported second quarter revenue decreased to $217.9 million from $239.5 million in the same quarter last year. Net income in the quarter slipped to $21.1 million or 35 cents per diluted share compared to $28.9 million or 50 cents share a year ago earlier.

Ralcorp Holdings, Inc. ((RAH)) rose 0.04% or 3 cents to $80.37 after the food products maker reported fourth quarter net sales increased 8% to $1.22 billion from $1.13 billion in the same quarter last year. Net loss in the quarter swung to $370.1 million or $6.72 per diluted share compared to net income of $41.9 million or $0.76 share a year ago.

SeaDrill Limited ((SDRL)) increased 5.2% or $1.73 to $34.49 after the Bermuda based oil and gas drilling company reported third quarter total revenues nearly flat to $1.03 billion from $1.07 billion in the same quarter last year. Net income in the quarter declined to $58 million or 7 cents per diluted share compared to $357 million or 79 cents share a year ago period.

The Fresh Market, Inc ((TFM)) gained 1.2% or 45 cents to $37.11 after the perishable products retailer reported third quarter net sales increased 11.7% to $263.3 million from $235.8 million in the same quarter last year. Comparable store sales increased 5.5%. Net income in the quarter decreased to $9.1 million or 19 cents per diluted share compared to $12.4 million or 26 cents share a year ago earlier.

United Natural Foods, Inc ((UNFI)) increased 4.5% or $1.60 to $36.91 after the specialty foods distributor reported first quarter net sales increased 15.6% to $1.22 billion from $1.05 billion in the same quarter last year. Net income in the quarter fell 12.9% to $15.2 million or 31 cents per diluted share compared to $17.4 million or 39 cents share a year ago.