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Market Update

U.S. Movers: Aeropostale, Carnival, Hibbett Sports, Nortek, Ulta Salon


Author: Mukesh Buch
ticker.com
Last Update: 11:55 AM ET March 15 2013

11:45 AM New York Aeropostale fourth quarter net swung to loss and Brown Shoe and Carnival Corp first quarter net swung to profit. Hibbett Sports net climbed 22%. Nortek net loss widened and Ulta Salon net climbed 39% to $64.5 million.

Aeropostale, Inc. (ARO) dropped 6.2% or 90 cents to $13.61 after the specialty retailer reported net sales in the fourth quarter ending on February 2 decreased 1% to $797.7 million from the same period of last year. The company comparable sales in the quarter declined 8%.

In the quarter net loss swung to $0.7 million or 1 cent a diluted share compared to net income of $26.1 million or 32 cents a share a year ago period.

For the first quarter, Aeropostale expects a loss per diluted share in the range of 15 cents to 20 cents.

Brown Shoe Company, Inc. (BWS) declined 6% or $1.11 to $17.29 after the footwear retailer said sales in the fourth quarter ending in December grew 2% to $640.2 million from the same period of last year. Net earnings in the quarter swung 126% to $4 million or 9 cents a diluted share compared to net loss of $8.2 million or 21 cents a share a year ago earlier.

Bonanza Creek Energy, Inc (BCEI) slid 30 cents to $38.99 after the oil and gas stated sales in the fourth quarter ending in December surged 110% to $73.6 million from the same period of last year. In the quarter, net income swung to $13 million or 32 cents a diluted share compared to net loss of $0.18 million or 1 cent a share a year ago period.

Carnival Corporation (CCL) slipped 1.7% or 59 cents to $35.15 after the cruise company reported total revenues in the first quarter ending in February nearly flat to $3.59 billion from the same period of last year. Net income in the quarter swung to $37 million or 5 cents a diluted share compared to net loss of $139 million or 18 cents a share a year ago.

The Carnival forecasts full year non-GAAP diluted earnings per share to be in the range of $1.80 to $2.10.

Hibbett Sports, Inc (HIBB) surged 5.2% or $2.76 to $56.30 after the sporting goods retailer reported net sales in the fourth quarter ending on February 2 surged 14% to $217.4 million from the same period of last year. The comparable sales in the quarter increased 4.9%.

Net income in the quarter climbed 22% to $19.4 million or 73 cents a diluted share compared to $15.8 million or 59 cents a share a year ago.

For the year, the sporting goods retailer expects diluted earnings per share between $2.85 and $3.05 and an increase in comparable store sales in the low to mid-single digit range.

Nortek, Inc. (NTK) fell 70 cents to $73.54 after the heating appliances maker said net sales in the fourth quarter ending in December dropped 6% to $505.4 million from the same period of last year. Net loss in the quarter widened to $12.5 million or 82 cents a diluted share compared to $0.8 million or 5 cents a share a year ago period.

Ulta Salon, Cosmetics & Fragrance, Inc. (ULTA) plunged 14.3% or $12.68 to $75.69 after the beauty products retailer reported net sales in the fourth quarter ending on February 2 jumped 30% to $758.8 million from the same period of last year. The comparable sales in the quarter surged 8%.

Net income in the quarter climbed 39% to $64.5 million or $1 a diluted share compared to $46.1 million or 73 cents a share a year ago.

For the first quarter, the retailer expects net sales in the range of $568 million to $577 million and income per diluted share between 60 cents to 63 cents.

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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