11:20 AM New York – American Airlines agreed to buy 60 aircrafts with a list price of $2.5 billion. Ciena net loss widened despite sales surge of 25%. Lululemon net jumped 15% but offered lower than expected earnings outlook. Men''s Wearhouse net dropped 6%. Nordson net declined 12%.
American Airlines Group Inc
) gained 1.5% or 38 cents to $26.37 after the airline company agreed to buy 60 aircraft from Embraer SA, the world''s largest producer of regional jets, in a deal worth $2.5 billion based on list price.
) dropped 4.2% or 96 cents to $21.95 after the communications networking equipment provider said net sales in the fourth-quarter ending in October surged 25% to $583.4 million. Net loss in the quarter widened to $9.8 million or 9 cents a diluted share compared to $38.8 million or 39 cents.
) fell 16 cents to $36.25 after the IT services provider stated net sales in the third-quarter ending in October dropped 13% to $160.4 million. Net in the quarter swung to a profit $23.1 million or $1.03 a diluted share compared to a loss of $10.6 million or 48 cents.
, the agribusiness giant said the company acquired a minority stake in a grain terminal in Russia''s port of Novorossiisk.
The company purchased 25% plus one share from DeloPorts Limited in its subsidiary OAO “Kombinat”Stroykomplekt.”
Hovnanian Enterprises, Inc.
) climbed 4.4% or 21 cents to $5.22 after the homebuilder said net sales in the fourth-quarter ending in October surged 21% to $591.7 million. Net in the quarter swung to a profit $32.8 million or 21 cents a diluted share compared to a loss of $84.4 million or 59 cents.
Lululemon athletica Inc
) plunged 10.9% or $7.43 to $60.92 and the athletic apparel retailers reported net sales in the third-quarter ending on November 3 climbed 20% to $379.9 million. Comparable store sales in the quarter advanced 5%.
Net income in the quarter jumped 15% to $66.1 million or 45 cents a diluted share compared to $57.3 million or 39 cents.
The retailer also estimated earnings per share in the fourth quarter between 78 cents and 80 cents, lower than 83 cents estimated by analysts.
The Men's Wearhouse, Inc
) jumped 2.1% or $1.07 to $51.53 after the specialty retailer reported total net sales in the third-quarter ending on November 2 increased 2.8% to $648.9 million. Comparable store sales for the quarter increased 2.6%
Net earnings in the quarter dropped 6% to $38.2 million or 79 cents a diluted share compared to $48.8 million or 95 cents.
) slipped 1.7% or $1.19 to $70.57 after the testing and inspection products maker said sales in the fourth-quarter ending in October declined 6% to $410.8 million.
Net earnings in the quarter dropped 11.7% to $59.8 million or 92 cents a diluted share compared to $67.7 million or $1.04.
For the fiscal first quarter 2014, sales expected in the range of $362 million to $375 million and diluted earnings per share between 55 cents and 63 cents.