U.S. Movers: Cooper, Intel, Lululemon, Kroger, Ulta Salon, Cosmetics

Mukesh Buch
07 Sep, 2012
New York City

Intel slipped on lowered quarterly sales outlook and Lululemon climbed as net jumped 49%. Kroger struggled in the quarter. Cooper net climbed. Ulta Salon soared as net climbed 46% and lifted guidance.

[R]11:05 AM New York – Intel slipped on lowered quarterly sales outlook and Lululemon climbed as net jumped 49%. Kroger struggled in the quarter. Cooper net climbed. Ulta Salon soared as net climbed 46% and lifted guidance.[/R]

Comverse Technology, Inc. ((CMVT)) increased 2.2% or 13 cents to $6.14 after the holding company reported total revenues in the second quarter ending in July grew 2% to $383.7 million from $377 million in the same period of last year. Net loss in the quarter narrowed to $0.27 million or break even per diluted share compared to $39.7 million or 19 cents per share a year ago earlier.

Intel Corporation ((INTC)) slipped 3.2% or 81 cents to $24.28 after the semiconductor chipmaker estimated third quarter revenue of $13.2 billion, plus or minus $300 million compared to the previous expectation of $13.8 billion to $14.8 billion.

Lululemon athletica Inc. ((LULU)) climbed 6.7% or $4.65 to $73.25 after the athletic apparel retailer reported revenues in the second quarter ending on July 29 climbed 33% to $282.6 million from $212.3 million in the same period of last year. Comparable stores sales for the second quarter gained 15%.

Net income in the quarter jumped 49% to $57.2 million or 39 cents per diluted share compared to $38.4 million or 26 cents per share a year ago period.

The Lululemon said direct-to-consumer revenue increased 91% to $35.4 million, or 12.5% of total company revenues and gross profit soared 55.1% to $155.8 million.

The retailer expects net revenue for the third quarter in the range of $300 million to $305 million and comparable store sales percentage growth of low to mid teens and diluted earnings per share in the range of 34 cents to 36 cents.

For the full year, expected net revenue between of $1.35 billion to $1.36 billion and diluted earnings per share in the range of $1.76 to $1.81.

The Kroger Co. ((KR)) dropped 2.3% or 54 cents to $22.56 after the grocery retailer reported revenues in the second quarter ending on August 11 increased 4% to $21.73 billion from $20.91 billion in the same period of last year. Identical supermarket sales growth increased 3.6%. Net income in the quarter slid 1% to $279.1 million or 51 cents per diluted share compared to $280.8 million or 46 cents per share a year ago.

The retailer lifted its fiscal 2012 earnings guidance between $2.35 and $2.42 per diluted share and identical supermarket sales growth for the year between 3% and 3.5%.

The Cooper Companies, Inc. ((COO)) surged 9.1% or $7.84 to $93.87 after the contact lens maker said third quarter revenues rose 8% to $378.2 million from the same quarter last year. Net income in the quarter climbed to $66.9 million or $1.36 per share compared to $44.2 million or 90 cents per share for the year-ago quarter.

Ulta Salon, Cosmetics & Fragrance, Inc. ((ULTA)) soared 7.8% or $7.50 to $102.76 after the beauty retailer reported revenues in the second quarter ending on July 28 advanced 22% to $481.7 million from $394.6 million in the same period of last year. Comparable stores sales increased 9.3%.

Net income in the quarter climbed 46% to $35 million or 54 cents per diluted share compared to $23.9 million or 38 cents per share a year ago period. Gross profit in the quarter increased 80 basis points to 34.8% from 34% of fiscal 2011.

The beauty products retailer lifted outlook for the third quarter net sales in the range of $494 million to $503 million compared to $413.1 million of last year and estimated comparable stores sales to increase between 6% and 8% and earnings per diluted share between 54 cents and 56 cents.

For the fiscal year, the company expects comparable store sales to increase 8% or about 300 basis points and earnings per share in the range of $2.58 to $2.60.