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Market Update

Liberty Media and Ulta Salon jumped 7%; Aeropostale, Hibbett Sports Decline


Author: Mukesh Buch
ticker.com
Last Update: 12:59 PM ET March 14 2014

12:40 PM New York Anacor Pharma net swung to profit after sales surged. Aeropostale tumbled after net loss widened. Buckle profit and sales dropped. Hibbett Sports net plunged 13%. Ulta Salon net climbed 9%. Wix.com agreed to acquire mobile application builder Appixia.

Anacor Pharmaceuticals Inc (ANAC) jumped 4.4% or 89 cents to $21.05 after the biopharmaceutical company reported total revenues in the fourth-quarter ending in December surged 157% to $8.5 million.

Net in the quarter swung to a profit $130.7 million or $3.01 a diluted share compared to a loss of $12.5 million or 36 cents.

Aeropostale, Inc. (ARO) tumbled 14.4% or $1.06 to $6.24 after the specialty retailer said total sales in the fourth-quarter ending on February 1 declined 16% to $670 million. Comparable store sales in the quarter slipped 15%.

Net loss in the quarter widened to $70.3 million or 90 cents a diluted share compared to $0.67 million or 1 cent.

The Buckle, Inc (BKE) rose 7 cents to $45.59 after the apparel and accessory retailer reported net sales in the fourth-quarter ending on February 1 dropped 6% to $339 million. Comparable store sales in the quarter decreased 2.8%.

Net income in the quarter fell 3.4% to $59.3 million or $1.23 a diluted share compared to $61.4 million or $1.28.

Hibbett Sports, Inc (HIBB) declined 3.6% or $2.10 to $55.74 after the sporting goods retailer said net sales in the fourth-quarter ending on February 1 rose 0.2% to $217.8 million. Comparable store sales in the quarter increased 1.7%.

Net income in the quarter fell 12.9% to $16.9 million or 64 cents a diluted share compared to $19.4 million or 73 cents.

The retailer expects diluted earnings per share in the fiscal 2015 between $2.78 and $2.98 and growth in comparable store sales in the low-to-mid single digit range.

Liberty Media Corp (LMCA) surged 7.5% or $9.46 to $135.69 after the broadcasting company said it may cancel the plans to buy the rest of Sirius XM of which it currently owns 53% and expects to reclassify the common stock into two tracking stocks as Liberty Media Group and Liberty Broadband Group.

Ulta Salon, Cosmetics & Fragrance, Inc (ULTA) soared 7.3% or $6.58 to $96.09 after the beauty retailer reported net sales in the fourth-quarter ending on February 2 jumped 14.4% to $868.1 million. Comparable store sales in the quarter climbed 9.2% and e-commerce comparable sales surged 82.5%.

Net income in the quarter climbed 9.5% to $70.7 million or $1.09 a diluted share compared to $64.5 million or $1.

For the first quarter, the company expects net sales in the range of $693 million to $704 million and comparable sales including e-commerce sales to increase between 5% and 7%. Diluted earnings share for the quarter estimated in the range of 70 cents to 75 cents.

Wix.Com Ltd (WIX) slid 4 cents to $26.31 after the cloud-based web development platform provider agreed to acquire a platform for building native mCommerce app developer Appixia.

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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