10:05 AM New York – Ann second quarter net climbed 24% and Foot Locker net jumped 60%. Hibbett Sports net surged 33%. Marvell Technology third quarter net plummeted 52% to $93.1 million and J. M. Smucker net slid. Gap second quarter net soared 29% to $243 million.

Ann Inc. (ANN) jumped 18.3% or $5.16 to $33.30 after the specialty retailer reported net sales in the second quarter ending on July 28 increased 6.6% to $594.9 million compared to $558.2 million in the same period of last year. For the quarter comparable store sales increased 4.7%

Net income in the quarter climbed 23.8% to $30.7 million or 63 cents per diluted share compared to $24.8 million or 47 cents per share a year ago.

For the third quarter, the retailer expects total net sales of $600 million and comparable sales to increase mid-single digits. For the fiscal year total net sales may reach to $2.385 billion and comparable sales to increase in the mid-single digits.

Avago Technologies Limited (AVGO) gained 1% or 40 cents to $37.31 after the Singapore based communication equipments maker reported revenues in the third quarter ending on July 29 edged up 0.5% to $606 million compared to $603 million in the same period of last year. Net income in the quarter up to $145 million or 58 cents per diluted share compared to $144 million or 57 cents per share a year ago earlier.

Avago provides guidance for the fourth quarter sequential change in net revenue to grow between flat and 3%.

Brocade Communications Systems, Inc. (BRCD) increased 1.5% or 9 cents to $5.71 after the network equipment supplier reported revenues in the third quarter ending on July 28 climbed 10% to $555.3 million compared to $502.8 million in the same period of last year. Net income in the quarter jumped to $43.3 million or 9 cents per diluted share compared to $1.94 million or break even per share a year ago period.

The company said storage business revenue increased 13% to $377.6 million and revenue in Ethernet business grew 5% to $177.8 million.

Foot Locker, Inc. (FL) climbed 3.3% or $1.14 to $35.63 after the athletic shoes and apparel retailer reported net sales in the second quarter ending on July 28 grew 7.2% to $1.37 billion compared to $1.28 billion in the same period of last year. For the quarter, comparable store sales increased 9.8%

Net income in the quarter jumped 59.5% to $59 million or 39 cents per diluted share compared to $37 million or 24 cents per share a year ago earlier.

Hibbett Sports, Inc. (HIBB) plummeted 7.1% or $4.49 to $57.31 after the sports goods retailer reported net sales in the second quarter ending on July 28 climbed 8% to $165.4 million compared to $153.1 million in the same period of last year. Comparable store sales in the quarter increased 4.8%

Net income in the quarter surged 32.9% to $7.9 million or 30 cents per diluted share compared to $5.9 million or 21 cents per share a year ago quarter.

The retailer lifted earnings guidance for fiscal 2013 to a range of $2.57 to $2.67 per share and comparable store sales to increase a mid single digit.

Marvell Technology Group Ltd. (MRVL) tumbled 14.3% or $1.76 to $10.52 after the Bermuda based fabless chip maker reported revenues in the third quarter ending on July 28 slipped 9% to $816 million compared to $898 million in the same period of last year. Net income in the quarter plummeted 51.6% to $93.1 million or 16 cents per diluted share compared to $192.4 million or 31 cents per share a year ago period.

Sehat Sutardja CEO said in a call he expects the mobile and wireless market to decline by mid-single percentage points in the third quarter from the second quarter.

The J. M. Smucker Company (SJM) surged 5.9% or $4.73 to $83.53 after the food products maker reported revenues in the first quarter ending in July soared 15% to $1.37 billion compared to $1.19 billion in the same period of last year. Net income in the quarter slid 1% to $110.9 million or $1 per diluted share compared to $111.5 million or 98 cents per share a year ago period.

The acquired Sara Lee foodservice business contributed 7 percentage points in the net sales growth. For fiscal 2013 the company expects net sales to increase about 7% and non GAAP income per share expected to range from $5.00 to $5.10.

The Gap, Inc. (GPS) climbed 4.2% or $1.45 to $35.79 after the specialty apparel retailer reported sales in the second quarter ending on July 28 increased 6% to $3.58 billion compared to $3.39 billion in the same period of last year. For the quarter, comparable same store sales increased 4%

Net income in the quarter climbed 29% to $243 million or 49 cents per diluted share compared to $189 million or 35 cents per share a year ago.

In North America, Banana Republic and Old Navy each delivered positive comparable sales for the second consecutive quarter. In direct sales division net sales increased 24% and outside the U.S. and Canada sales increased 7% and net sales at franchise location increased 25%. International comparable sales declined 5%.

The retailer raised earnings per share guidance for fiscal year between $1.95 and $2.00 compared to $1.56 in fiscal year 2011.