U.S. Movers: Ann, Donaldson, Foot Locker, Salesforce.com, Gap

Mukesh Buch
18 May, 2012
New York City

Ann first quarter net rose 5% and lifted second quarter outlook. Donaldson third quarter increased 15% to $70.9 million. Foot Locker first quarter net surged 36% to $128 million. Salesforce.com first quarter net swung to $19.5 million loss. The Gap first quarter net was flat at $233 million.

[R]11:25 AM New York – Ann first quarter net rose 5% and lifted second quarter outlook. Donaldson third quarter increased 15% to $70.9 million. Foot Locker first quarter net surged 36% to $128 million. Salesforce.com first quarter net swung to $19.5 million loss. The Gap first quarter net was flat at $233 million.[/R]

Ann Inc. ((ANN)) gained 3.9% or $1.01 to $26.86 after the specialty retailer reported first quarter net sales grew 7% to $560.4 million compared to $523.6 million in the same period last year. Comparable store sales increased 3.8%.

Net income in the quarter rose 5% to $28.7 million or 58 cents per diluted share compared to $27.3 million or 51 cents per share a year ago earlier.

For the fiscal second quarter the apparel retailer expects total net sales of $585 million and for fiscal 2012 total net sales of $2.38 billion.

Autodesk, Inc. ((ADSK)) tumbled 16.5% or $5.76 to $28.97 after the software company reported first quarter revenue increased 11% to $588.6 million compared to $528.3 million in the same period last year. Net income in the quarter increased 14% to $78.9 million or 34 cents per diluted share compared to $69.3 million or 29 cents per share a year ago quarter.

Net revenue for fiscal 2013 is expected to increase by 10% and revenue in second quarter is expected to be about $580 million to $600 million.

Donaldson Company, Inc. ((DCI)) advanced 2.4% or 79 cents to $33.33 after the filtration system maker reported third quarter revenue rose 9% to $647.2 million compared to $594.6 million in the same period last year. Net earnings in the quarter increased 15% to $70.9 million or 46 cents per diluted share compared to $61.8 million or 39 cents per share a year ago period.

The company forecast full year sales to be about $2.5 billion or raised approx 9% from the prior year.

Foot Locker, Inc. ((FL)) soared 10.2% or $2.88 to $30.89 after the athletic apparel retailer reported first quarter sales grew 8.7% to $1.58 billion compared to $1.45 billion in the same period last year. Comparable store sales increased 9.7%.

Net income in the quarter surged 36% to $128 million or 83 cents per diluted share compared to $94 million or 60 cents per share a year ago earlier.

Hibbett Sports, Inc. ((HIBB)) rose 26 cents to $56.07 after the sporting goods retailer reported first quarter sales surged 14.4% to $232.9 million compared to $203.7 million in the same period last year. Comparable store sales increased 11.1%.

Net income in the quarter soared 23.5% to $26.4 million or 98 cents per diluted share compared to $21.3 million or 76 cents per share a year ago earlier.

The Hibbett raised earnings guidance for Fiscal 2013 to a range between $2.50 and $2.65 per diluted share.

Kirkland’s, Inc. ((KIRK)) plunged 12% or $1.55 to $11.30 after the home decor and gift retailer reported first quarter sales rose 3.6% to $97.8 million compared to $94.4 million in the same period last year. Comparable store sales fell 1.2%.

Net income in the quarter tumbled 38% to $2.0 million or 10 cents per diluted share compared to $3.2 million or 15 cents per share a year ago earlier.

Marvell Technology Group Ltd. ((MRVL)) increased 1.5% or 20 cents to $13.50 after the Bermuda based chip maker reported first quarter revenue edged down to $796.4 million compared to $802.4 million in the same period last year. Net income in the quarter declined 35% to $94.5 million or 16 cents per diluted share compared to $146.9 million or 22 cents per share a year ago quarter.

Salesforce.com, Inc. ((CRM)) surged 9.6% or $12.91 to $146.71 after the cloud computing solution provider reported first quarter revenue soared 38% to $695.5 million compared to $504.4 million in the same period last year. Net loss in the quarter swung to $19.5 million or 14 cents per diluted share compared to net income of $0.53 million or break even per share a year ago.

Revenue for the second fiscal quarter 2013 is projected to be in the range of $724 million and $728 million increase of 33% from a year ago. Revenue for the full year will be in the range of $2.97 billion to $3.00 billion increase of 31% to 32% from a year ago.

The Gap, Inc. ((GPS)) decreased 1.5% or 40 cents to $25.91 after the specialty apparel retailer reported first quarter net sales increased 6% to $3.5 billion compared to $3.3 billion in the same period last year. Comparable store sales increased 4%.

Net income in the quarter flat to $233 million compared to first quarter of last year. Diluted earnings in the first quarter increased 47 cents compared to 40 cents per share a year ago period.

The Gap raised its guidance for fiscal 2012 diluted earnings per share to be in the range of $1.78 to $1.83.