U.S. Movers: Dick's Sporting, Saks, Home Depot, TJX, Vodafone

Mukesh Buch
13 Nov, 2012
New York City

Dick''s Sporting third quarter net climbed 4% on sales and lifted outlook. Saks quarterly net gained 3% and Home Depot net increased 1.4% to $947 million and increase fiscal guidance. TJX third quarter net soared 14% as comparable sales climbed 7%. Vodafone first-half swung to

[R]9:55 AM New York – Dick''s Sporting third quarter net climbed 4% on sales and lifted outlook. Saks quarterly net gained 3% and Home Depot net increased 1.4% to $947 million and increase fiscal guidance. TJX third quarter net soared 14% as comparable sales climbed 7%. Vodafone first-half swung to £1.98 billion loss.[/R]

Dick''s Sporting Goods, Inc. ((DKS)) increased 3.1% or $1.51 to $50.21 after sports goods retailer said sales in the third quarter ending on October 27 soared 11.2% to $1.31 billion from $1.18 billion in the same period of last year. Same store sales for the quarter increased 5.1% and comparable sales for U.S. stores jumped 4.3%.

Net income in the quarter climbed 4% to $50.1 million or 40 cents a diluted share compared to $41.5 million or 33 cents a share a year ago earlier.

The company lifted full year non GAAP earnings in the range of $2.53 to 2.55 per diluted share and same store sales expected to increase approximately 5%.

For the fourth quarter, the retailer anticipates consolidated earnings per diluted share of about $1.03 to 1.05 compared to earlier guidance of $1.01 to 1.05.

Jacobs Engineering Group Inc. ((JEC)) gained 7 cents to $39.39 after the technical services provider stated sales in the third quarter ending on September 28 grew 3% to $2.79 billion from $2.72 billion in the same period of last year. Net earnings in the quarter or 83 cents a diluted share compared to $94.3 million or 74 cents a share a year ago.

Jacobs said backlog as on September 28, surged 11.3% to $15.9 billion and chief financial officer John W. Prosser, Jr. said “we are initiating guidance for fiscal 2013 earnings per share within a range of $3 to $3.50.”

Saks Incorporated ((SKS)) slipped 3.9% or 39 cents to $9.49 after the retailer reported total sales in the third quarter ending on October 27 increased 3% to $713.2 million from $692.3 million in the same period of last year. For the quarter comparable store sales increased 3.3%.

Net income in the quarter gained 3% to $22.6 million or 14 cents a diluted share compared to $19.3 million or 12 cents a share a year ago.

The Home Depot, Inc ((HD)) climbed 4.6% or $2.84 to $64 after the home improvement retailer reported sales in the third quarter ending in September climbed 4.6% to $18.1 billion from $1.07 billion in the same period of last year. Comparable store sales for the quarter increased 4.2% and comparable sales for U.S. stores jumped 4.3%.

Net income in the quarter increased 1.4% to $947 million or 63 cents a diluted share compared to $934 million or 60 cents a share a year ago.

The retailer said gross profit in the quarter climbed 5.1% to $6.27 billion from a year ago.

The company lifted its fiscal sales guidance and expects to increase nearly 5.2% and diluted earnings per share to be jumped 18% to $2.92 for the year.

The TJX Companies, Inc ((TJX)) gained 17 cents to $41.21 after the apparel company stated net sales in the third quarter ending on October surged 11% to $6.4 billion from $5.8 billion in the same period of last year. For the quarter comparable store sales climbed 7%.

Net income in the quarter soared 14% to $461.6 million or 62 cents a diluted share compared to $406.5 million or 53 cents a share a year ago.

Vodafone Group Plc slumped 3.2% or 86 cents to $25.53 after the UK based mobile-phone company said group revenue in the first-half ending in September declined 7.4% to £21.78 billion from £23.52 billion in the same period of last year. Net loss in the quarter swung to £1.98 billion or £4.01 a diluted share compared to profit of £6.68 billion or £12.99 a share a year ago earlier.

The group incurred impairment charge of £5.9 billion to carry goodwill of operations in Spain and Italy mainly due to adverse movements in discount rates.

Vodafone expects adjusted operating profit for the full year to be in the upper half between £11.1 billion and £11.9 billion.