AutoDesk, Sears, Excel Maritime Surge

123jump.com Staff
22 May, 2009
New York City

Salesforce.com, Inc led the decliners in the S&P 500 index of 10.3%. Aeropostale, Inc first quarter profit rises 81%. Nordson Corporation second quarter profit declines. Sears surged after it reported unexpected quarterly profit.

[R]11:20 AM New York – Salesforce.com, Inc led the decliners in the S&P 500 index of 10.3%. Aeropostale, Inc first quarter profit rises 81%. Nordson Corporation second quarter profit declines. Sears surged after it reported unexpected quarterly profit.[/R]

Of the stocks in S&P 500 index, 235 increased, 253 declined and 12 were unchanged.

Salesforce.com, Inc led the decliners in the S&P 500 index of 10.3% followed by losses in American International Group, Inc of 7.7%, in SunTrust Banks, Inc of 3.9%, in Harley-Davidson, Inc of 3.8% and in Monsanto Company of 3.6%.

Sears Holdings Corporation led gainers in the S&P 500 index with a rise of 19.9% followed by gains in Autodesk, Inc of 12.6%, in General Motors Corporation of 5.7% and Archer Daniels Midland Company of 4.9%.

Other Movers

8x8, Inc ((EGHT)) declined 4.3% or 0.031 cents to $0.680 after the provider of internet protocol telephone services operator said fourth quarter revenues fell 3% to $15.8 million from $16.3 million a year ago. Net loss in the quarter was $3.9 million or 6 cents per diluted share compared to net income of $0.7 million or 1 cent per share a year ago.

Aeropostale, Inc ((ARO)) added 4.3% or $1.40 to $33.95 after the teen apparel retailer said first quarter revenues rose 21% to $408 million from $336.3 million a year ago. Net profit in the quarter rose 81% to $31.7 million or 47 cents per diluted share compared to net income of $17.5 million or 26 cent per share a year ago.

Autodesk, Inc ((ADSK)) surged 14.9% or $2.81 to $21.64 after the design and engineering software maker said first quarter revenues fell 29% to $425.8 million from $598.8 million a year ago. Net loss in the quarter was $32.1 million or 14 cents per diluted share compared to net income of $94.6 million or 41 cent per share a year ago.

Cougar Biotechnology, Inc ((CGRB)) surged 15.9% or $5.90 to $42.88 after the world’s largest health-care company Johnson & Johnson (JNJ) has signed a definitive agreement to acquire the company for approximately $1.0 billion in a cash tender offer.

The Dress Barn, Inc ((DBRN)) rose 6.4% or 95 cents to $15.80 after the women''s clothing retailer said third quarter sales rose 7% to $375.7 million from $352.6 million a year ago. Net income in the quarter fell 4% to $23.9 million or 39 cents per diluted share compared to net income of $24.9 million or 39 cent per share a year ago.

Excel Maritime Carriers Ltd ((EXM)) climbed 12.7% or $1.23 to $10.91 after the ocean bulk carrier said first quarter sales rose 218% to $222.1 million from $69.8 million a year ago. Net income in the quarter rose 236% to $118 million or $2.57 per diluted share compared to net income of $35.1 million or $1.76 per share a year ago.

The Gap, Inc, the clothing retailer increased 2.6% to $16.41 after it said first quarter sales fell 8% to $3.13 billion from $3.38 billion a year ago. Net income in the quarter fell 13.7% to $215 million or 31 cents per diluted share compared to net income of $249 million or 34 cent per share a year ago.

LDK Solar Co., Ltd ((LDK)) fell 5.0% or 47 cents to $8.83 after the maker of wafers for solar cells said first quarter revenues rose 21% to $283.3 million from $233.4 million a year ago. Net loss in the quarter was $22.5 million or 21 cents per ADS compared to net income of $49.8 million or 45 cent per ADS a year ago.

Met-Pro Corporation ((MPR)) fell 6.0% or 59 cents to $9.10 after the manufacturer of product recovery and pollution control equipment reported first quarter revenues fell 13.7% to $19.6 million from $22.7 million a year ago. Net income in the quarter fell 47.4% to $1.0 million or 7 cents per diluted share compared to net income of $1.9 million or 13 cents per share a year ago.

Nordson Corporation ((NDSN)) surged 14.2% or $4.90 to $40.15 after the maker of precision dispensing equipment said second quarter revenues fell 36% to $189 million from $294 million a year ago. Net income in the quarter fell 57.6% to $14 million or 41 cents per diluted share compared to net income of $33 million or 97 cent per share a year ago.

Pacific Sunwear of California, Inc ((PSUN)) dropped 7.4% or 31 cents to $3.86 after the lifestyle specialty retailer said first quarter sales fell 16% to $223.5 million from $266.9 million a year ago. Net loss in the quarter was $8.7 million or 13 cents per diluted share compared to net loss of $37.1 million or 17 cent per share a year ago.

Red Robin Gourmet Burgers, Inc ((RRGB)) sank 16.7% or $3.61 to $18.00 after the restaurant operator was downgraded from “overweight to “neutral” at JP Morgan.

Salesforce.com, Inc ((CRM)) dropped 7.9% or $3.15 to $36.51 a provider of software on demand estimated second quarter earnings per share between 14 cents and 15 cents and revenues between $312 million and $313 million. The company also forecasted annual earnings per share between 59 cents and 60 cents a share and revenues between $1.30 billion and $1.33 billion.

Sears Holdings Corporation ((SHLD)) surged 17.8% or $8.96 to $59.15 after the largest U.S. department-store chain reported first quarter earnings of $26 million or 21 cents a share compared to a year ago loss of $56 million or 43 cents a share.