Apogee, Barnes & Noble, Monsanto Jump; General Mills, Lindsay Fall

Mukesh Buch
25 Jun, 2014
New York City

Apollo Education net declined 11%. Apogee net surged 47%. Barnes & Noble net loss narrowed and the retailer plans to spin-off its Nook tablets and college books businesses. General Mills profit climbed 10%. Lindsay net tumbled 37%. Monsanto profit slumped 6%.

[R]12:25 PM New York – Apollo Education net declined 11%. Apogee net surged 47%. Barnes & Noble net loss narrowed and the retailer plans to spin-off its Nook tablets and college books businesses. General Mills profit climbed 10%. Lindsay net tumbled 37%. Monsanto profit slumped 6%.[/R]

Apollo Education Group Inc ((APOL)) gained 2.2% or 66 cents to $29.94 after the online and on-campus educational services provider reported revenue in the third-quarter ending in May declined 15.5% to $799.9 million.

Net income in the quarter declined 10.5% to $66 million or 59 cents a diluted share compared to $80 million or 71 cents.

Apogee Enterprises Inc ((APOG)) jumped 4% or $1.26 to $32.80 after the glass products supplier said revenue in the first-quarter ending in May climbed 18% to $210.9 million.

Net earnings in the quarter surged 47% to $6.10 million or 21 cents a diluted share compared to $4.16 million or 14 cents.

Barnes & Noble, Inc ((BKS)) soared 6.3% or $1.29 to $21.85 after the bookseller reported revenues in the fourth-quarter ending on May 3 increased 3.5% to $1.3 billion.

Net loss in the quarter narrowed to $36.7 million or 72 cents a diluted share compared to $114.8 million or $2.04 a year earlier.

“We expect that our Retail and NOOK Media businesses will continue to have long-term, successful business relationships with each other after separation,” said Chief Executive Michael P. Huseby,

The company will spin-off its Nook tablets and college books business and develop a Nook tablets with Samsung Electronics Co Ltd.

Nook Media will consist company''s digital content, e-readers and tablets and college bookstores business.

General Mills, Inc ((GIS)) dropped 2.7% or $1.47 to $52.23 after the consumer foods maker reported net sales in the fourth-quarter ending on May 25 slipped 2.9% to $4.28 billion.

Net income in the quarter climbed 10.5% to $404.6 million or 65 cents a diluted share compared to $366.3 million or 55 cents.

Lindsay Corporation ((LNN)) declined 4.3% or $3.81 to $84.24 after the water and road infrastructure products provider said revenue in the third-quarter ending in May plunged 22.6% to $ $169.9 million.

Net earnings in the quarter tumbled 36.8% to $16.5 million or $1.28 a diluted share compared to $26.1 million or $2.01.

Monsanto Company ((MON)) climbed 5.2% or $6.24 to $126.87 after the agricultural products provider reported net sales in the third-quarter ending in May were nearly flat at $4.25 billion from a year ago.

Net income in the quarter slumped to $858 million or $1.62 a diluted share compared to $909 million or $1.68.