U.S. Movers: Crocs, Five Below, HD Supply, PVH, Neurocrine, Twitter

Mukesh Buch
10 Sep, 2013
New York City

Crocs lowered its third quarter revenue outlook. Five Below surged after net swung to profit as sales soared 35%. HD Supply plunged after quarterly net loss widened. PVH net swung to a loss of $16 million but revenue climbed 47%. Twitter buys MoPub for $300 million.

[R]12:00 PM New York – Crocs lowered its third quarter revenue outlook. Five Below surged after net swung to profit as sales soared 35%. HD Supply plunged after quarterly net loss widened. PVH net swung to a loss of $16 million but revenue climbed 47%. Twitter buys MoPub for $300 million.[/R]

Crocs, Inc ((CROX)) dropped 3.6% or 49 cents to $13.12 after the footwear and accessory designer lowered its third quarter revenue outlook and now expects between $285 million and $295 million and diluted earnings per share in the range of 15 cents to 18 cents.

On July 24, the company estimated revenue in the range of $300 million to $310 million and diluted earnings per share between 20 cents and 23 cents.

Five Below, Inc ((FIVE)) surged 17.9% or $7.34 to $48.38 after the department stores operator said net sales in the second-quarter ending in July surged 35% to $117.1 million. Comparable store sales in the quarter climbed 6.6%.

Net in the quarter swung a profit $4.1 million or 32 cents a diluted share compared to a loss of $64.2 million or $3.41.

HD Supply Holdings, Inc. ((HDS)) tumbled 12.7% or $3.16 to $21.59 after the industrial distributor reported net sales in the second-quarter ending in July jumped 9.7% to $2.26 million. Net loss in the quarter widened to $75 million or 47 cents a diluted share compared to $59 million or 43 cents.

Limoneira Company ((LMNR)) slid 9 cents to $22.50 after the agribusiness company agreed to acquire Associated Citrus Packers Inc. for $18.6 million and reported revenue in the thirds-quarter ending in July jumped 21% to $29.9 million. Net income in the quarter rose $6.54 million or 49 cents a diluted share compared to $5.02 million or 45 cents.

Neurocrine Biosciences, Inc ((NBIX)) plunged 28.8% or $4.81 to $11.90 after the healthcare company said lower dose of its experimental drug NBI-98854 did not meet and did not match with mid-stage clinical study.

PVH Corporation ((PVH)) declined 6.2% or $8.21 to $123.90 after the apparel & accessory maker reported total revenue in the second-quarter ending on August 4 climbed 47% to $1.97 billion.

Comparable store sales at Calvin Klein brand and Tommy Hilfiger in North America in the quarter jumped 6% and 7% respectively and international sales of Tommy Hilfiger soared 11% but international sales of Calvin Klein brand slid 1%.

Net in the quarter swung a loss $16 million or 20 cents a diluted share compared to a net income of $89.9 million or $1.22.

Twitter Inc., the social network agreed to acquire a mobile advertising company MoPub Inc. for $300 million according to media reports that cited company blog.