U.S. Movers: Accenture, KB Home, Nike, RiM, Tibco

Mukesh Buch
29 Jun, 2012
New York City

Accenture third quarter net increased 11% and narrowed fiscal earnings guidance. KB Home second quarter net loss narrowed. Nike fourth quarter net slid 8% to $549 million. Research In Motion swung to a quarterly loss.

[R]10:40 AM New York – Accenture third quarter net increased 11% and narrowed fiscal earnings guidance. KB Home second quarter net loss narrowed. Nike fourth quarter net slid 8% to $549 million. Research In Motion swung to a quarterly loss.[/R]

Accenture plc ((ACN)) gained 3.2% or $1.81 to $58.44 after the Ireland based consulting company reported total revenue in the third quarter ending in May grew 6% to $7.64 billion compared to $7.20 billion in the same period last year. Net income in the quarter increased 11% to $762.8 million or $1.03 per diluted share compared to $699.1 million or 93 cents per share a year ago earlier.

Accenture expects net revenues for the fourth quarter to be in the range of $6.60 billion to $6.85 billion and for of fiscal 2012 revenue growth to be between of 10% and 12%. The company narrowed its range for earnings guidance for fiscal 2012 to $3.80 to $3.84 from its previous guidance of $3.82 to $3.90.

AZZ incorporated ((AZZ)) surged 15.5% or $7.99 to $59.31 after the electrical equipments maker reported revenue in the first quarter ending in May surged 11% to $127.1 million compared to $114.3 million in the same period last year. Net income in the quarter soared 68% to $16 million or $1.26 per diluted share compared to $9.5 million or 75 cents per share a year ago earlier.

Constellation Brands, Inc. ((STZ)) surged 21.2% or $4.64 to $26.33 after the wine distributor reported total revenue in the first quarter ending in May edged down to $634.8 million compared to $635.3 million in the same period last year. Net income in the quarter slid 10% to $72.0 million or 38 cents per diluted share compared to $74.5 million or 35 cents per share a year ago earlier.

Constellation also agreed to acquire the remaining stake in its joint venture with Groupo Modelo SAB to import Corona beer for $1.85 billion.

EXFO Inc. ((EXFO)) slipped 3% or 16 cents to $5.15 after the communications equipments maker reported sales in the third quarter ending in May dropped 12% to $59.5 million compared to $67.6 million in the same period last year. Net loss in the quarter swung to $3.9 million or 6 cents per diluted share compared to net earnings of $1.8 million or 3 cents per share a year ago earlier.

Franklin Covey Co. ((FC)) rose 3 cents to $9.80 after the training and consulting service provider reported revenue in the third quarter ending on May 26 rose 1% to $41.3 million compared to $40.9 million in the same period last year. Net income in the quarter more than doubled to $1.6 million or 9 cents per diluted share compared to $0.7 million or 4 cents per share a year ago quarter.

GenCorp Inc. ((GY)) increased 1.3% or 8 cents to $6.09 after the aerospace and defense products maker reported net sales in the second quarter ending in May surged 7% to $249.9 million compared to $229.9 million in the same period last year. Net income in the quarter increased to $1.7 million or 3 cents per diluted share a year ago period.

KB Home ((KBH)) advanced 5.6% or 49 cents to $9.19 after the homebuilder reported total revenue in the second quarter ending in May grew 11% to $302.9 million compared to $271.7 million in the same period last year. Net loss in the quarter narrowed to $24.1 million or 31 cents per diluted share compared to $68.5 million or 89 cents per share a year ago earlier.

Nike, Inc. ((NKE)) declined 11.9% or $11.60 to $85.29 after the athletic shoes and apparel maker said fourth quarter revenues rose 12% to $6.5 billion. Net income in the quarter fell 8% to $549 million or $1.17 per diluted share compared to $594 million or $1.24 per share for the year-ago quarter.

Revenues for fiscal 2012 were up 16 percent to $24.1 billion. Net Income for the year increased 4% to $2.2 billion and diluted earnings per share increased to $4.73.

Research In Motion Limited ((RIMM)) plunged 15% o $1.36 to $7.77 after the Canada based communications equipments maker reported total revenue in the first quarter ending on June 2 declined 43% to $2.81 billion compared to $4.91 billion in the same period last year. Net loss in the quarter swung to $518 million or 99 cents per diluted share compared to net income of $695 million or $1.33 per share a year ago earlier.

The company expects to report an operating loss in the second quarter of fiscal 2013 as it expects next several quarters to be very challenging for the business.

The Finish Line, Inc. ((FINL)) soared 7.9% or $1.49 to $20.17 after the specialty retailer reported revenue in the third quarter ending on June 2 increased 6.5% to $319 million compared to $299.5 million in the same period last year. Comparable store sales increased 8%.

Net income in the quarter slipped to $12.3 million or 24 cents per diluted share compared to $16.4 million or 30 cents per share a year ago earlier.

The retailer expects earnings per share for the fiscal 2013 to increase between 6 and 7% and comparable store sales increase of 5 to 6%.

TIBCO Software Inc. ((TIBX)) gained 5.2% or $1.40 to $28.23 after the infrastructure software provider reported second quarter total revenue rose 14% to $247.4 million. Net income in the quarter rose 26% to $26.5 million or 16 cents per diluted share compared to $21.0 million or 12 cents per diluted share last year.