U.S. Movers: Big Lots, Lululemon, Ulta Salon, Royal Bank of Canada, Zumiez

Mukesh Buch
02 Dec, 2011
New York City

Big Lots third quarter net slipped to $4.2 million. Lululemon third quarter net increased to $38.8 million. Royal Bank of Canada fourth quarter net increased to $1.6 billion. Bank of Nova Scotia fourth quarter net increased to $1.24 billion.

[R]10:35 AM New York – Big Lots third quarter net slipped to $4.2 million. Lululemon third quarter net increased to $38.8 million. Royal Bank of Canada fourth quarter net increased to $1.6 billion. Bank of Nova Scotia fourth quarter net increased to $1.24 billion.[/R]

Avago Technologies Limited ((AVGO)) gained 3.1% or 93 cents to $30.84 after the Singapore based analog semiconductor devices maker reported fourth quarter net revenue grew 9% to $623 million from $572 million in the same quarter last year. Net income in the quarter decreased to $154 million or 61 cents per diluted share compared to $164 million or 66 cents share a year ago period.

Big Lots, Inc. ((BIG)) dropped 7.7% or $3.06 to $36.67 after the consumable retailer reported third quarter net sales soared 35% to $1.14 billion from $1.05 billion in the same quarter last year. Comparable store sales increased 1.7% for the quarter. Net income in the quarter slipped to $4.2 million or 6 cents per diluted share compared to $17.7 million or 23 cents share a year earlier.

Lululemon Athletica Inc. ((LULU)) increased 6.1% or $2.90 to $50.07 after the athletic apparel retailer reported third quarter net revenue surged 31% to $230.2 million from $175.8 million in the same quarter last year. Comparable store sales for the quarter increased 16%. Direct to consumer revenue increased 71% to $23.9 million.

Net income in the quarter increased to $38.8 million or 27 cents per diluted share compared to $25.7 million or 18 cents share a year ago period.

Royal Bank of Canada ((RY)) gained 3.3% or $1.53 to $47.80 after the diversified financial service provider reported fourth quarter total revenue rose to $6.80 billion from $6.78 billion in the same quarter last year. Net income in the quarter increased to $1.6 billion or $1.07 per diluted share compared to $1.1 billion or $0.74 share a year ago.

The Bank of Nova Scotia ((BNS)) fell 2% or $1.00 to $48.59 after the Canada based diversified financial institution reported fourth quarter net interest income increased to $2.40 billion from $2.24 billion in the same quarter last year. Net income in the quarter increased to $1.24 billion or $1.07 per diluted share compared to $1.11 billion or $1.00 share a year earlier.

Teavana Holdings, Inc. ((TEA)) increased 3.2% or 60 cents to $18.88 after the tea retailer reported third quarter net sales soared 35% to $33.4 million from $24.7 million in the same quarter last year. Net income in the quarter rose to $0.9 million or 2 cents per diluted share compared to $0.3 million or 1 cent share a year earlier.

Ulta Salon, Cosmetics & Fragrance, Inc. ((ULTA)) increased 6.7% or $4.63 to $73.12 after the specialty retailer reported third quarter total sales soared 21.8% to $413.1 million from $339.2 million in the same quarter last year. Comparable store sales for the quarter increased 9.6%. Net income in the quarter surged 88.5% to $26.8 million or 42 cents per diluted share compared to $14.2 million or 23 cents share a year ago quarter.

Zumiez Inc. ((ZUMZ)) soared 17.6% or $4.13 to $27.50 after the sports related products retailer reported third quarter total sales increased 13.3% to $154.0 million from $135.9 million a year ago. Comparable store sales for the third quarter increased 6%. Net income in the quarter increased 14.8% to $14.1 million or 45 cents per diluted share compared to $12.3 million or 40 cents per share last year.