Whole Foods, GameStop Surges; Expedia Falls

123jump.com Staff
19 Feb, 2009
New York City

Baidu fourth quarter net income surges 31% from a year ago. Hewlett-Packard rises despite lower earnings outlook. Expedia posts fourth quarter loss of $2.76 billion. Whole Foods Market, Inc led gainers in the S&P 500 index with a surge of 32.1%.

[R]11:00AM New York – Baidu fourth quarter net income surges 31% from a year ago. Hewlett-Packard rises despite lower earnings outlook. Expedia posts fourth quarter loss of $2.76 billion. Whole Foods Market, Inc led gainers in the S&P 500 index with a surge of 32.1%.[/R]

Of the stocks in S&P 500 index, 438 increased, 60 declined and 2 were unchanged.

American International Group, Inc led the decliners in the S&P 500 index with a loss of 10.8% followed by losses in Hewlett-Packard Company with a loss of 7.7%, in Fifth Third Bancorp of 7.4%, in MBIA Inc of 5.1%, in Expedia, Inc of 5.0%.

Whole Foods Market, Inc led gainers in the S&P 500 index with a rise of 32.1% followed by gains in Sprint Nextel Corporation of 16.2%, in GameStop Corp of 12.9% and CBS Corporation of 12.8%.

Other Movers

Advance Auto Parts, Inc ((AAP)) added 10.0% or $3.27 to $35.90 after the auto parts retailer said fourth quarter sales rose 14% to $1.19 billion from $1.05 billion a year ago. Net income in the quarter fell 30% to $24.4 million or 26 cents per diluted share compared to net income of $34.8 million or 35 cents per share a year ago.

American International Group, Inc ((AIG)) fell 8.2% or 6 cents to 67 cents.

Baidu, Inc ((BIDU)) gained 4.6% or $5.74 to $128.09 after the China''s most popular online search engine said fourth quarter revenues rose 58% to Rmb 902.1 million from Rmb 571.1 million a year ago. Net income in the quarter rose 31% to Rmb 288.7 million or Rmb 8.31 per ADS compared to net income of Rmb 219.8 million or Rmb 6.32 per ADS a year ago.

Barnes Group Inc ((B)) jumped 15.1% or $1.56 to $11.85. The international aerospace and industrial components manufacturer and logistical services company reported fourth quarter sales fell 25% to $265.4 million from $354.2 million a year ago. Net loss in the quarter was $10 million or 19 cents per diluted share compared to net income of $17.6 million or 30 cents per share a year ago.

Benihana Inc ((BNHNA)) rose 22.2% or 50 cents to $2.75 after the nation’s largest chain of Japanese theme and sushi restaurants said third quarter revenues fell 3.7% to $67.2 million from $69.8 million a year ago. Net loss in the quarter was $4.0 million or 28 cents per diluted share compared to net income of $3.2 million or 19 cents per share a year ago.

Blue Nile, Inc ((NILE)) decreased 9.6% or $2.03 to $19.00 after the online jewelry retailer said fourth quarter sales fell 23% to $85.8 million from $111.9 million a year ago. Net income in the quarter fell 53% to $3.5 million or 24 cents per diluted share compared to net income of $7.5 million or 45 cents per share a year ago.

Copa Holdings, S.A ((CPA)) gained 6.5% or $1.92 to $31.41 after the provider of international airline passenger and cargo services reported fourth quarter revenues rose 21.6% to $346.1 million from $284.6 million a year ago. Net income in the quarter rose 46% to $51.9 million or $1.20 per diluted share compared to net income of $35.5 million or 82 cents per share a year ago.

CVS Caremark Corporation ((CVS)) added 3.7% or $1.01 to $28.00 after the provider of prescriptions and related healthcare services reported fourth quarter revenues rose 10% to $24.1 billion from $21.9 billion a year ago. Net income in the quarter rose 17% to $949.3 million or 65 cents per diluted share compared to net income of $811.2 million or 55 cents per share a year ago.

The Dress Barn, Inc ((DBRN)) jumped 6.2% or 58 cents to $9.90 after the women''s clothing retailer said second quarter revenues fell 0.7% to $343.2 million from $345.6 million a year ago. Net loss in the quarter was $1.1 million or 2 cents per diluted share compared to net income of $7.4 million or 12 cents per share a year ago.

Expedia, Inc ((EXPE)) fell 15.5% or $1.33 to $7.20 after the online travel company reported fourth quarter revenues fell 7% to $620.8 million from $665.3 million a year ago. Net loss in the quarter was $2.76 billion or $9.60 per diluted share compared to net income of $65.4 million or 22 cents per share a year ago.

GameStop Corp ((GME)) rose 11.5% or $2.86 to $27.73 after the world’s largest video-game retailer raised its fourth quarter earnings per share outlook between $1.33 and $1.34 from its previous estimate of $1.31 to $1.34. The company estimated 2008 earnings per share in the range of $2.39 to $2.40.

Group 1 Automotive, Inc ((GPI)) declined 5.5% or 44 cents to $7.45 after the operator in the automotive retail industry reported fourth quarter revenues fell 24.4% to $1.1 billion from $1.5 billion a year ago. Net loss in the quarter was $44.5 million or $1.96 per diluted share compared to net income of $5.5 million or 24 cents per share a year ago.

The Hartford Financial Services Group, Inc ((HIG)) an insurance and financial services company slipped 7.7% or 79 cents to $9.45.

Hewlett-Packard Company ((HPQ)) declined 5.6% or $1.94 to $32.14 after the world''s top seller of personal computers said first quarter revenues rose 1% to $28.8 billion from $28.5 billion a year ago. Net income in the quarter fell 13% to $1.85 billion or 75 cents per diluted share compared to net income of $2.13 billion or 80 cents per share a year ago.

Knology, Inc ((KNOL)) dropped 3.6% or 18 cents to $4.71 after the provider of interactive communications and entertainment services reported fourth quarter revenues rose 9% to $103.6 million from $94.8 million a year ago. Net loss in the quarter was $2.1 million or 6 cents per diluted share compared to net loss of $6.0 million or 17 cents per share a year ago.

Priceline.com Incorporated ((PCLN)) soared 16.1% or $11.09 to $79.83 after the Internet travel agency announced it amended one of its credit agreements so it wouldn''t be in violation of provisions.

School Specialty, Inc ((SCHS)) lost 4.8% or 76 cents to $14.84. The education company reported third quarter revenues fell 9.7% to $121.7 million from $134.8 million a year ago. Net loss in the quarter was $21.6 million or $1.15 per diluted share compared to net loss of $20.3 million or $1.01 per share a year ago.

Sprint Nextel Corporation ((S)) gained 23.9% or 65 cents to $3.36 after the third-largest mobile-phone carrier in the U.S. reported a $1.6 billion fourth quarter loss. The company continues to lose subscribers and wrote-off the remaining good will for the purchase of Nextel.

Synopsys, Inc ((SNPS)) added 4.0% or 74 cents to $19.14 after the chip design software maker said first quarter revenues rose 7.7% to $339.8 million from $315.5 million a year ago. Net income in the quarter rose 13% to $52.4 million or 37 cents per diluted share compared to net income of $46.4 million or 31 cents per share a year ago.

Whole Foods Market, Inc ((WFMI)) surged 32.1% or $3.39 to $12.68 after the largest U.S. natural- foods grocer reported fiscal first quarter earnings excluding certain items of 25 cent.