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Market Update

AEP, Barnes & Noble, Men's Wearhouse Decline


Author: Mukesh Buch
ticker.com
Last Update: 12:31 PM ET September 09 2015

12:30 PM New York AEP Industries net soared. Barnes & Noble net loss widened. Casey''s General net surged 23% while sales plunged 11%. HD Supply jumped 127%.Men''s Wearhouse profit soared on 15% increase in revenues. Titan Machinery net swung to profit.

Tollbooth Index edged down 4.08 to 10,343.12.

Earnings Review

AEP Industries (AEPI) slumped 3.3% or $2.04 to $59.73 after the plastic packaging films maker said net sales in the third-quarter ending in July slipped 2.2% from a year ago to $302 million.

Net income in the quarter soared to $6.6 million or $1.28 per diluted share compared to $1.2 million or 24 cents from the same quarter last year.

Barnes & Noble, Inc (BKS) tumbled 16.1% or $2.60 to $13.70 after the books and magazines retailer reported revenues in the first-quarter ending on August fell 1.5% from a year ago to $1.22 million.

Net loss in the quarter widened to $34.9 million or 68 cents per diluted share compared to $28.5 million or 56 cents from the same quarter last year.

Conn''s, Inc (CONN) soared 5% or $1.50 to $31.44 after the consumer goods retailer said total revenues in the second-quarter ending in July advanced 12.2% from a year ago to $396.1 million.

Same store sales in the quarter surged 6.7%.

Net income in the quarter declined 6.8% to $16.5 million or 45 cents per diluted share compared to $17.7 million or 48 cents from the same quarter last year.

Casey''s General Stores Inc (CASY) fell 15 cents to $108.38 after the convenience stores operator stated total revenues in the first-quarter ending in July declined 10.5% from a year ago to $2.05 billion.

Net income in the quarter surged 23.4% to $61.8 million or $1.57 per diluted share compared to $50.1 million or $1.280 from the same quarter last year.

HD Supply Holdings Inc (HDS) rose 6 cents to $33.31 after the industrial products distributor reported revenues in the second-quarter ending on August 2 soared 6.7% from a year ago to $2.01 billion.

Net income in the quarter jumped 127.1% to $109 million or 54 cents per diluted share compared to $48 million or 24 cents from the same quarter last year.

The retailer said preliminary net sales in August increased 5.9% to $646 million.

For the third-quarter, the company forecasted net sales in the range of $2 billion to $2.05 billion and diluted earnings per share between 63 cents and 68 cents.

Men''s Wearhouse Inc (MW) plunged 8.8% or $5 to $51.56 after the men''s specialty retailer reported revenues in the second-quarter ending on August 1 jumped 14.6% from a year ago to $920.1 million.

Net income in the quarter soared to $47.8 million or 98 cents per diluted share compared to $12.3 million or 25 cents from the same quarter last year.

Titan Machinery Inc (TITN) surged 17.4% or $1.80 to $12.16 after the agricultural and construction equipment services provider said revenues in the second-quarter ending in July plunged 25.9% from a year ago to $334.2 million.

Net in the quarter swung to profit and diluted earnings per share to breakeven compared to a loss of $0.6 million or 3 cents from the same quarter last year.

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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc