Liberty Media and Ulta Salon jumped 7%; Aeropostale, Hibbett Sports Decline

Mukesh Buch
14 Mar, 2014
New York City

Anacor Pharma net swung to profit after sales surged. Aeropostale tumbled after net loss widened. Buckle profit and sales dropped. Hibbett Sports net plunged 13%. Ulta Salon net climbed 9%. Wix.com agreed to acquire mobile application builder Appixia.

[R]12:40 PM New York – Anacor Pharma net swung to profit after sales surged. Aeropostale tumbled after net loss widened. Buckle profit and sales dropped. Hibbett Sports net plunged 13%. Ulta Salon net climbed 9%. Wix.com agreed to acquire mobile application builder Appixia.[/R]

Anacor Pharmaceuticals Inc ((ANAC)) jumped 4.4% or 89 cents to $21.05 after the biopharmaceutical company reported total revenues in the fourth-quarter ending in December surged 157% to $8.5 million.

Net in the quarter swung to a profit $130.7 million or $3.01 a diluted share compared to a loss of $12.5 million or 36 cents.

Aeropostale, Inc. ((ARO)) tumbled 14.4% or $1.06 to $6.24 after the specialty retailer said total sales in the fourth-quarter ending on February 1 declined 16% to $670 million. Comparable store sales in the quarter slipped 15%.

Net loss in the quarter widened to $70.3 million or 90 cents a diluted share compared to $0.67 million or 1 cent.

The Buckle, Inc ((BKE)) rose 7 cents to $45.59 after the apparel and accessory retailer reported net sales in the fourth-quarter ending on February 1 dropped 6% to $339 million. Comparable store sales in the quarter decreased 2.8%.

Net income in the quarter fell 3.4% to $59.3 million or $1.23 a diluted share compared to $61.4 million or $1.28.

Hibbett Sports, Inc ((HIBB)) declined 3.6% or $2.10 to $55.74 after the sporting goods retailer said net sales in the fourth-quarter ending on February 1 rose 0.2% to $217.8 million. Comparable store sales in the quarter increased 1.7%.

Net income in the quarter fell 12.9% to $16.9 million or 64 cents a diluted share compared to $19.4 million or 73 cents.

The retailer expects diluted earnings per share in the fiscal 2015 between $2.78 and $2.98 and growth in comparable store sales in the low-to-mid single digit range.

Liberty Media Corp ((LMCA)) surged 7.5% or $9.46 to $135.69 after the broadcasting company said it may cancel the plans to buy the rest of Sirius XM of which it currently owns 53% and expects to reclassify the common stock into two tracking stocks as Liberty Media Group and Liberty Broadband Group.

Ulta Salon, Cosmetics & Fragrance, Inc ((ULTA)) soared 7.3% or $6.58 to $96.09 after the beauty retailer reported net sales in the fourth-quarter ending on February 2 jumped 14.4% to $868.1 million. Comparable store sales in the quarter climbed 9.2% and e-commerce comparable sales surged 82.5%.

Net income in the quarter climbed 9.5% to $70.7 million or $1.09 a diluted share compared to $64.5 million or $1.

For the first quarter, the company expects net sales in the range of $693 million to $704 million and comparable sales including e-commerce sales to increase between 5% and 7%. Diluted earnings share for the quarter estimated in the range of 70 cents to 75 cents.

Wix.Com Ltd ((WIX)) slid 4 cents to $26.31 after the cloud-based web development platform provider agreed to acquire a platform for building native mCommerce app developer Appixia.