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Market Update

U.S. Movers: American Eagle, Big Lots, Cooper, Finisar, Sears, Ulta Salon


Author: Mukesh Buch
ticker.com
Last Update: 11:59 AM ET December 06 2013

11:45 AM New York American Eagle Outfitters net tumbled 68%. Big Lots said net loss widened. Cooper net climbed 20%. Five Below net plunged 34%. Finisar net soared 11%. Sears plans to spin-off Lands End. Ulta Salon net climbed 13%.

American Eagle Outfitters, Inc (AEO) plunged 9.6% or $1.57 to $14.81 after the specialty retailer reported total revenue in the third-quarter ending on November 2 dropped 6% to $857 million. Comparable store sales including AEO Direct slipped 5%.

Net income in the quarter tumbled 68.3% to $24.4 million or 66 cents a diluted share compared to $11.8 million or 35 cents.

Big Lots, Inc (BIG) tumbled 13.3% or $4.95 to $32.18 after the retailer said total revenues in the third-quarter ending on November 2 rose 1.6% to $1.15 billion. Comparable store sales in the quarter declined 2.5%.

Net loss in the quarter widened to $9.5 million or 17 cents a diluted share from $6 million or 10 cents a share in the quarter a year ago.

The Cooper Companies, Inc (COO) declined 5.7% or $7.67 to $126.06 after the maker of contact lenses and other eye-care products stated net sales in the fourth-quarter ending in October advanced 4% to $411.9 million. Net income in the quarter climbed 20% to $57.4 million or $1.15 a diluted share compared to $71.9 million or $1.46.

Ferrellgas Partners, L.P (FGP) slumped 2% or 48 cents to $22.93 after the propane distributor said revenue in the first-quarter ending in October jumped 14% to $415 million.

Net loss in the quarter widened to $24.6 million or 31 cents a diluted share compared to $17.5 million or 22 cents.

Five Below, Inc (FIVE) declined 3.1% or $1.49 to $46.27 after the retailer stated net sales in the third-quarter ending on November 2 soared 27.9% to $110.7 million. Comparable store sales climbed 9%.

Net income in the quarter plunged 34% to $1.7 million or 3 cents a diluted share compared to $0.71 million or 1 cent.

For the fourth quarter, the retailer expects net sales in the range of $214 million to $217 million and comparable store sales to increase 4%.

In the period, net income expected between $25.9 million and $27 million and diluted earnings per share in the range of 48 cents to 50 cents.

For the year, net sales are expected between $538 million and $541 million and comparable store sales to grow 5%. Net income expected in the range of $33.2 million to $34.3 million and diluted earnings per share of 62 cents to 64 cents.

Finisar Corporation (FNSR) climbed 2.5% or 55 cents $22.33 after the communication company reported revenues in the second-quarter ending on October 27 jumped 25% to $290.7 million. Net income in the quarter soared 11% to $30 million or 29 cents a diluted share compared to $0.27 million or a break even share.

Genesco Inc (GCO) dropped 2.5% or $1.80 to $69.57 after the footwear and apparel retailer and wholesaler reported net sales in the third-quarter ending on November 2 rose 0.3% to $666.3 million. Comparable store sales fell 1%.

Net earnings in the quarter plunged 34% to $27.8 million or $1.18 a diluted share compared to $42.1 million or $1.76.

Genesco expect adjusted diluted earnings per share for the year in the range of $5.10 to $5.20.

Sears Holdings Corporation (SHLD) climbed 5.8% or $2.92 to $52.90 after the specialty retailer said it intends to spin off its Lands'' End business through the pro rata distribution to shareholders.

Ulta Salon, Cosmetics & Fragrance, Inc (ULTA) plummeted 20% or $23.61 to $94.39 after the beauty products retailer reported net sales in the third-quarter ending on November 2 soared 22.4% to $618.8 million. Comparable store sales climbed 6.8%.

Net earnings in the quarter surged 19.1% to $45.4 million or 70 cents a diluted share compared to $38.2 million or 59 cents.

Veeva Systems Inc. (VEEV) gained 1.2% or 42 cents to $41.40 after the cloud service provider said total revenues in the third-quarter ending in October surged 54% to $55 million. Net income in the quarter climbed 13% to $6.5 million or 5 cents a diluted share compared to $5.7 million or 3 cents in the quarter a year ago.

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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