U.S. Movers: Chico

Mukesh Buch
28 Aug, 2013
New York City

Chico

[R]11:05 AM New York – Chico’s net declined 12% and Express net climbed 7%. Heico tightened and revised revenues and earnings outlook. Joy Global sales and profit dropped 5%. TiVo net swung to a profit as sales soared 54%. Zale jumped as quarterly loss narrowed.[/R]

Bank of Montreal ((BMO)) rose 31 cents to $63.24 after the Canada-based financial service provider reported net sales in the third-quarter ending in July jumped 4% to $4.05 billion. Net income in the quarter surged 17% to $1.14 billion or $1.68 a diluted share compared to $970 million or $1.42.

Chico’s FAS, Inc ((CHS)) climbed 6.2% or 94 cents to $16.27 after the specialty retailer stated net sales in the second-quarter ending on August 3 rose 1.2% to $649.5 million. Comparable store sales in the quarter decreased 2.6%.

Net income in the quarter declined 12% to $43.6 million or 27 cents a diluted share compared to $53.4 million or 32 cents.

The company gross margin slipped 2% to $356.1 million.

Dycom Industries, Inc. ((DY)) plunged 8.2% or $2.16 to $24.16 after the constructions services provider said revenue in the fourth-quarter ending on July 27 surged 51% to $478.6 million. Net income in the quarter soared 54% to $14.7 million or 43 cents a diluted share compared to $13.3 million or 39 cents.

Express, Inc. ((EXPR)) soared 9.3% or $1.84 to $1.61 after the specialty retailer stated net sales in the second-quarter ending on August 3 jumped 7% to $486.2 million. Comparable store sales in the quarter jumped 6%.

Net income in the quarter climbed 7% to $16.9 million or 20 cents a diluted share compared to $15.8 million or 18 cents.

Operating income in the second-quarter increased 6.9% to $33.4 million.

For the third-quarter, the company expects net income in the range of $18 million to $22 million and diluted earnings per share between 21 cents and 26 cents.

For the year, Express expects net income between $130 million and $137 million and diluted earnings per share in the range of $1.52 to $1.60.

Heico Corporation ((HEI)) jumped 5.7% or $3.29 to $61.04 after the aircraft parts maker reported net sales in the third-quarter ending in July climbed 18% to $267.1 million. Net income in the quarter jumped 25% to $28.9 million or 54 cents a diluted share compared to $23.1 million or 43 cents.

The company added operating income in the quarter climbed 14% to $48.4 million.

For the year, Heico expects revenue in the range of $4.9 billion to $5 billion and diluted earnings per share between $5.75 and $5.95.

Joy Global Inc ((JOY)) declined 5.3% or $2.74 to $48.57 after the mining equipment maker said net sales in the third-quarter ending on July 26 slipped 5% to $1.32 billion. Net earnings in the quarter dropped 5% to $183.2 million or $1.71 a diluted share compared to $193.5 million or $1.81.

TiVo Inc. ((TIVO)) climbed 4.6% or 50 cents to $11.48 after the broadcasting equipment provider stated net sales in the second-quarter ending in July soared 54% to $100 million. Net in the quarter swung to a profit $268.9 million or $1.96 a diluted share compared to a loss of $27.7 million or 23 cents.

For the third-quarter, TiVo anticipates service and technology revenues in the range of $80 million to $82 million and net income between $6 million and $8 million.

Zale Corporation ((ZLC)) surged 22.1% or $1.98 to $10.94 after the jewelry retailer said revenue in the fourth-quarter ending in July grew 2.5% to $417 million. Comparable store sales for the quarter climbed 5.6%.

Net loss in the quarter narrowed to $7.98 million or 25 cents a diluted share compared to $19.7 million or 61 cents.