U.S. Movers: American Eagle, Ciena, Express, Fresh Market, Pandora Media

Mukesh Buch
07 Mar, 2012
New York City

American Eagle fourth quarter net decreased to $51.3 million. Ciena first quarter net loss narrowed to $47.6 million. Express fourth quarter net increased to $60.4 million. Pandora Media fourth quarter net loss widened to $8.18 million. Bon-Ton Stores fourth quarter net slipped to $78.2 million.

[R]10:05 AM New York – American Eagle fourth quarter net decreased to $51.3 million. Ciena first quarter net loss narrowed to $47.6 million. Express fourth quarter net increased to $60.4 million. Pandora Media fourth quarter net loss widened to $8.18 million. Bon-Ton Stores fourth quarter net slipped to $78.2 million.[/R]

American Eagle Outfitters, Inc ((AEO)) increased 7.9% or $1.15 to $15.78 after the apparel and accessories retailer reported fourth quarter total sales increased 14% to $1.04 billion from $916 million in the same quarter last year. Comparable store sales for the quarter increased 10%. Net income in the quarter decreased to $51.3 million or 26 cents per diluted share compared to $87.0 million or 44 cents per diluted share in the year ago.

For 2011 total sales increased 6% to $3.16 billion from $2.97 billion in last year. Comparable store sales for the year rose 3%. Net income for the year increased to $151.7 million or 77 cents per diluted share compared to $140.6 million or 70 cents per share in the prior year.

Analogic Corporation ((ALOG)) increased 8.1% or $4.46 to $59.05 after the medical equipments maker reported second quarter total revenue increased 8% to $126.4 million from $117.3 million in the same quarter last year. Net income in the quarter soared to $19.6 million or $1.59 per diluted share compared to $5.3 million or 42 cents per diluted share in the year ago earlier.

Ciena Corporation ((CIEN)) increased 8.1% or $1.10 to $14.54 after the communication equipments provider reported first quarter revenue fell 3.8% to $416.7 million from $433.3 million in the prior year. Net loss for the quarter narrowed to $47.6 million or 49 cents per diluted share compared to $79.1 million or 84 cents per share a year ago.

Express, Inc. ((EXPR)) rose 20 cents to $24.58 after the specialty apparel retailer reported fourth quarter net sales grew 8% to $673.2 million from $621.5 million in the same quarter last year. Comparable store sales for the quarter increased 5%. Net income in the quarter increased to $60.4 million or 68 cents per diluted share compared to $48.4 million or 55 cents per diluted share in the year ago.

For 2011 net sales increased 9% to $2.07 billion from $1.90 billion in last year. Comparable retail sales for the year increased 6%. Net income for the year increased to $140.7 million or $1.58 per diluted share compared to $127.4 million or $1.48 per share in the prior year.

Emeritus Corporation ((ESC)) fell 11 cents to $16.84 after the healthcare facility provider reported fourth quarter total revenue grew 14% to $324.1 million from $283.8 million in the same quarter last year. Net loss in the quarter widened to $27.9 million or 63 cents per diluted share compared to $15.1 million or 36 cents per diluted share in the year ago quarter.

For 2011 net sales increased 24.6% to $1.25 billion from $1.01 billion in last year. Net loss for the year widened to $71.9 million or $1.63 per diluted share compared to $56.9 million or $1.42 per share in the prior year.

Pandora Media, Inc. ((P)) declined 24.6% or $3.51 to $10.76 after the Internet radio services provider reported fourth quarter total revenue soared 71% to $81.3 million from $47.6 million in the same quarter last year. Net loss in the quarter widened to $8.18 million or 5 cents per diluted share compared to $3.91 million or 31 cents per diluted share in the year ago earlier.

For 2012 total revenue surged 99% to $274.3 million from $137.8 million in last year. Net loss for the year widened to $19.86 million or 19 cents per diluted share compared to $11.04 million or $1.03 per share in the prior year.

The Children''s Place Retail Stores, Inc. ((PLCE)) decreased 2.2% or $1.19 to $51.24 after the specialty apparel retailer reported fourth quarter net sales edged up to $457.5 million from $453.2 million in the same quarter last year. Comparable retail sales for the quarter decreased 2.7%. Net income in the quarter decreased to $24.2 million or 97 cents per diluted share compared to $32.1 million or $1.22 per diluted share in the year ago.

For 2011 net sales increased 2.5% to $1.72 billion from $1.67 billion in last year. Comparable retail sales for the year fell 2.5%. Net income for the year decreased to $77.2 million or $3.01 per diluted share compared to $83.1 million or $3.03 per share in the prior year.

The Fresh Market, Inc. ((TFM)) slipped 2.7% or $1.24 to $43.57 after the specialty retailer reported fourth quarter net sales increased 16% to $320.8 million from $275.8 million in the same quarter last year. Comparable store sales for the quarter increased 7%. Net income in the quarter swung to $18.3 million or 38 cents per diluted share compared to net loss of $22.2 million or 46 cents per diluted share in the year ago earlier.

For 2011 net sales increased 13% to $1.11 billion from $980.4 million in last year. Comparable retail sales for the year fell 2.5%. Net income for the year soared to $51.4 million or $1.07 per diluted share compared to $21.3 million or 44 cents per share in the prior year.

The Bank of Nova Scotia ((BNS)) fell 17 cents to $52.75 after the Canada based bank reported first quarter total revenue rose 11% to $4.71 billion from $4.26 billion in the prior year. Net income for the quarter increased 15% to $1.44 billion or $1.20 per diluted share compared to $1.25 million or $1.08 per share a year ago.

The Bon-Ton Stores, Inc. ((BONT)) rose 64 cents to $5.89 after the department store operator reported fourth quarter net sales decreased 2.7% to $983.2 million from $1.01 billion in the same quarter last year. Comparable store sales for the quarter fell 2.6%. Net income in the quarter slipped to $78.2 million or $4.00 per diluted share compared to $85.0 million or $4.41 per diluted share in the year ago earlier.

For 2011 net sales decreased 3.2% to $2.88 billion from $2.98 billion in last year. Comparable retail sales for the year decreased 2.8%. Net loss for the year swung to $12.1 million or 67 cents per diluted share compared to net income of $21.5 million or $1.12 per share in the prior year.