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Market Update

U.S. Movers: Analogic, Bob Evans, Cyberonics, Dell, Dollar General


Author: Mukesh Buch
ticker.com
Last Update: 11:34 AM ET June 05 2013

11:25 AM New York – Analogic third quarter sales rose but net tumbled. Bob Evans revenue dropped but net jumped 23%. Cyberonics net climbed 7%. Dollar General sales and net climbed 16%.

American Woodmark Corporation, (AMWD) rose 2 cents to $36.46 after the kitchen cabinets maker reported net sales in the fourth quarter ending in April climbed 26% to $171.1 million. Net in the quarter swung to profit $5.1 million or 34 cents a diluted share compared to net loss of $6 million or 42 cents.

The company added gross profit in the quarter surged 86% to $32.3 million and operating income swung to profit $9.01 million.

Analogic Corporation (ALOG) plunged 8% or $6.42 to $73.89 after the technology company stated total revenues in the third quarter ending in April increased 4% to $125.8 million. Net income in the quarter tumbled 29% to $5.2 million or 41 cents a diluted share compared to $7.3 million or 59 cents.

In the quarter medical imaging revenue decreased 2% to $71.6 million and ultrasound revenue increased to $34 million and security technology revenue surged 38% $20.1 million.

Bob Evans Farms, Inc. (BOBE) gained 1% or 50 cent to $46.50 after the restaurant operator said total revenues in the fourth quarter ending on April 26 tumbled 14% to $353.9 million. Net earnings in the quarter jumped 23% to $27 million or 97 cents a diluted share compared to $22 million or 76 cents.

Cyberonics, Inc (CYBX) surged 5.7% or $2.75 to $50.42 after the medical device company stated net sales in the fourth quarter ending on April 26 climbed 19% to $68.3 million. Net income in the quarter advanced 7% to $11.5 million or 41 cents a diluted share compared to $10.7 million or 38 cents.

For the year, the company expects net sales in the range of $279 million to $283 million and net income between $53 million and $56 million and diluted earnings per share in the range of $1.93 to $2.01.

Dell, Inc. (DELL) slid 1 cent to $13.41 after the PC maker noted in a regulatory filing that the special committee said proposal for a $12-per-share special dividend has gap of nearly $3.9 billion, offered by activist investor Carl Icahn and which is “unrealistic.”

Dollar General Corporation (DG) soared 5% or $2.46 to $51.10 after the deep discount retailer reported net sales in the first quarter ending on May 3rd advanced 8.5% to $4.23 billion. Comparable store sales increased to 2.6%.

Net income in the quarter jumped 16% to $220 million or 67 cents a diluted share compared to $213 million or 63 cents.

In the quarter, gross profit increased 7% to $1.30 billion and operating profit grew 3% to $395 million.

For the year, the company expects total sales to increase between 10% and 11% and same-store sales to increase between 4% and 5% and diluted earnings per share in the range of $3.15 to $3.22.

Mattress Firm Holding Corp. (MFRM) climbed 6.2% or $2.31 to $39.87 after the specialty retailer said net sales in the first quarter ending in April soared 31.5% to $276 million. Comparable store sales in the quarter declined 5.2%.

Net income increased 4.4% to $12 million or 35 cents a diluted share compared to $9.74 million or 29 cents.

The company is reaffirming its guidance for the fiscal 2014 and expects net sales to grow in the range of $1.24 billion to $1.25 billion and earnings per share to increase between $1.81 and $1.89.

SHFL entertainment, Inc (SHFL) gained 13 cents to $17.50 after the global gaming supplier stated total revenues in the second quarter ending in April jumped 17% to $77.4 million. Net income in the quarter climbed 22% to $11.8 million or 21 cents a diluted share compared to $9.7 million or 17 cents.

Jos. A. Bank Clothiers, Inc (JOSB) slipped 32 cents to $44.38 after men’s apparel retailer reported total sales in the first quarter ending on April 28 slid 3% to $196.1 million. Comparable store sales slipped to 8.5%.

Net income in the quarter plummeted 45% to $8.1 million or 29 cents a diluted share compared to $14.8 million or 53 cents.

Thermon Group Holdings, Inc (THR) declined 5.7% or $1.18 to $19.58 after the thermal solutions provider stated total revenues in the fourth quarter ending in March grew 3% to $71.7 million. Net income in the quarter jumped 10% to $5.65 million or 18 cents a diluted share compared to $6.25 million or 20 cents.

Village Super Market, Inc. (VLGEA) rose 34 cents to $36.71 after the supermarkets chain reported total revenues in the second quarter ending on April 27 rose 4% to $359.8 million. Comparable store sales increased to 3.2%.

Net income in the quarter tumbled 7% to $4.22 million or 33 cents a diluted share compared to $4.54 million or 47 cents.

The company added gross profit increased 2% to $97.3 million and operating income slipped 30% to $8.15 million.

For the year, the Company expects same store sales increase to 2.75% to 3.50%.

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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