9:35 PM New York – Baxter Intl to split into pharmaceutical and medical products company. Conn''s profit and sales soared. GameStop dropped as net declined 16%. Lululemon net edged up. Paychex net climbed 11%. Signet net rose. Worthington profit tumbled.
Baxter International Inc
) climbed 5.4% or $3.78 to $73.86 after the healthcare company plans to create two separate, independent global healthcare companies by the middle of next year. One focused on biopharmaceuticals and the other on medical products.
) soared 5.7% or $1.97 to $36.49 after the consumer electronics retailer reported revenue in the fourth-quarter ending in January soared 44.3% $361.1 million. Same store sales surged 33.4%.
Net income in the quarter climbed 56.5% to $27.7 million or 75 cents a diluted share compared to $17.7 million or 50 cents.
HB Fuller Co
) rose 31 cents to $47.45 after the adhesives maker stated net revenue in the first-quarter ending on March 1 increased 1.3% to $486 million.
Net income in the quarter slumped 29.5% to $14.6 million or 28 cents a diluted share compared to $20.7 million or 41 cents.
) plunged 7.1% or $2.78 to $36.11 after the video game retailer said total sales in the fourth-quarter ending on February 1 grew 3.4% to $3.68 billion. Comparable store sales in the quarter soared 7.8%.
Net income in the quarter declined 15.5% to $220.5 million or $1.89 a diluted share compared to $261.1 million or $2.15.
GameStop expects total sales in the first-quarter to grow between 7% to 10% and comparable store sales to increase 5% to 8%. Net income in the quarter expected to rise in the range of $64 million to $70 million and diluted earnings per share between 55 cents to 60 cents.
Lululemon Athletica Inc
) surged 8.6% or $4.15 to $52.38 after the athletic apparel designer and retailer reported net revenue in the fourth-quarter ending on February 2 jumped 7% to $521 million. Comparable store sales in the quarter declined 2%.
Net income in the quarter edged up 0.3% to $109.7 million compared to $109.4 million and diluted per share was flat at 75 cents from a year ago.
For the first quarter, the retailer expects net revenue in the range of $377 million to $382 million and diluted earnings per share in the range of 31 cents to 33 cents.
For fiscal 2014, the company forecast net revenue between $1.77 billion and $1.82 billion and diluted earnings per share in the range of $1.80 to $1.90.
) gained 1.4% or 57 cents to $42.49 after the payroll and outsourcing solution provider reported total revenue in the third-quarter ending in February jumped 7% to $636.5 million.
Net earnings in the quarter advanced 11% to $160.1 million or 44 cents a diluted share compared to $144.5 million or 40 cents.
Signet Jewelers Ltd
) jumped 5.7% or $5.65 to $104 after the jewelry retailer said total sales in the fourth-quarter ending on February 1 rose 3.4% to $1.56 billion. Same store sales in the quarter climbed 4.3%.
Net income in the quarter grew 2% to $175.2 million or $2.18 a diluted share compared to $171.8 million or $2.12.
The retailer added e-commerce sales in the quarter surged 23.6% to $79 million from $63.9 million in the same quarter of a year ago.
Worthington Industries, Inc
) dropped 3.2% or $1.28 to $39.20 after the metals processing company stated net sales in the third-quarter ending in February climbed 25% to $773.2 million.
Net earnings in the quarter tumbled 76.5% to $40.6 million or 57 cents a diluted share compared to $23 million or 32 cents.