U.S. Movers: Aeropostale, Carnival, Hibbett Sports, Nortek, Ulta Salon

Mukesh Buch
15 Mar, 2013
New York City

Aeropostale fourth quarter net swung to loss and Brown Shoe and Carnival Corp first quarter net swung to profit. Hibbett Sports net climbed 22%. Nortek net loss widened and Ulta Salon net climbed 39% to $64.5 million.

[R]11:45 AM New York – Aeropostale fourth quarter net swung to loss and Brown Shoe and Carnival Corp first quarter net swung to profit. Hibbett Sports net climbed 22%. Nortek net loss widened and Ulta Salon net climbed 39% to $64.5 million.[/R]

Aeropostale, Inc. ((ARO)) dropped 6.2% or 90 cents to $13.61 after the specialty retailer reported net sales in the fourth quarter ending on February 2 decreased 1% to $797.7 million from the same period of last year. The company comparable sales in the quarter declined 8%.

In the quarter net loss swung to $0.7 million or 1 cent a diluted share compared to net income of $26.1 million or 32 cents a share a year ago period.

For the first quarter, Aeropostale expects a loss per diluted share in the range of 15 cents to 20 cents.

Brown Shoe Company, Inc. ((BWS)) declined 6% or $1.11 to $17.29 after the footwear retailer said sales in the fourth quarter ending in December grew 2% to $640.2 million from the same period of last year. Net earnings in the quarter swung 126% to $4 million or 9 cents a diluted share compared to net loss of $8.2 million or 21 cents a share a year ago earlier.

Bonanza Creek Energy, Inc ((BCEI)) slid 30 cents to $38.99 after the oil and gas stated sales in the fourth quarter ending in December surged 110% to $73.6 million from the same period of last year. In the quarter, net income swung to $13 million or 32 cents a diluted share compared to net loss of $0.18 million or 1 cent a share a year ago period.

Carnival Corporation ((CCL)) slipped 1.7% or 59 cents to $35.15 after the cruise company reported total revenues in the first quarter ending in February nearly flat to $3.59 billion from the same period of last year. Net income in the quarter swung to $37 million or 5 cents a diluted share compared to net loss of $139 million or 18 cents a share a year ago.

The Carnival forecasts full year non-GAAP diluted earnings per share to be in the range of $1.80 to $2.10.

Hibbett Sports, Inc ((HIBB)) surged 5.2% or $2.76 to $56.30 after the sporting goods retailer reported net sales in the fourth quarter ending on February 2 surged 14% to $217.4 million from the same period of last year. The comparable sales in the quarter increased 4.9%.

Net income in the quarter climbed 22% to $19.4 million or 73 cents a diluted share compared to $15.8 million or 59 cents a share a year ago.

For the year, the sporting goods retailer expects diluted earnings per share between $2.85 and $3.05 and an increase in comparable store sales in the low to mid-single digit range.

Nortek, Inc. ((NTK)) fell 70 cents to $73.54 after the heating appliances maker said net sales in the fourth quarter ending in December dropped 6% to $505.4 million from the same period of last year. Net loss in the quarter widened to $12.5 million or 82 cents a diluted share compared to $0.8 million or 5 cents a share a year ago period.

Ulta Salon, Cosmetics & Fragrance, Inc. ((ULTA)) plunged 14.3% or $12.68 to $75.69 after the beauty products retailer reported net sales in the fourth quarter ending on February 2 jumped 30% to $758.8 million from the same period of last year. The comparable sales in the quarter surged 8%.

Net income in the quarter climbed 39% to $64.5 million or $1 a diluted share compared to $46.1 million or 73 cents a share a year ago.

For the first quarter, the retailer expects net sales in the range of $568 million to $577 million and income per diluted share between 60 cents to 63 cents.