11:30 AM New York – Ascena Retail net jumped 4% as e-commerce sales soared 27%. Auto sales in November surged and Chrysler sales climbed 16% and Ford sales jumped 7%. General Motors sales climbed 19%. Krispy Kreme net surged 36%.
Ascena Retail Group Inc
) jumped 2.2% or 41 cents to $21.32 after the specialty retailer reported net sales in the first-quarter ending on October 26 grew 5% to $1.20 billion.
The retailer said consolidated comparable store sales in the quarter rose 2% and e-commerce sales soared 27% to $106 million.
Net income in the quarter jumped 4.4% to $52.6 million or 32 cents a diluted share compared to $43.1 million or 27 cents.
Bank of Montreal
) declined 3.7% or $2.60 to $66.65 after the Canada-based financial services provider reported flat revenue in the fourth-quarter of $4.19 billion from $4.18 billion a year ago period.
Net income in the quarter rose 1% to $1.09 billion or $1.62 a diluted share compared to $1.08 million or $1.59.
Chrysler Group LLC
, the automobile company reported U.S. sales in November climbed 16% to 142,275 units from 122,565 units a year ago month. Four Chrysler brands set sales records during the month.
Ford Motor Company
) fell 1.2% or 20 cents to $16.86 and November U.S. sales jumped 7% to 190,449 units and retail sales are climbed 9% to 147,021 units. Fusion sales soared 51% to 22,839 units.
Ford said it will build 770,000 units in the first quarter of 2014 in North America. This compares to 784,000 units in the first quarter of 2013.
The company left its fourth-quarter production target unchanged at 770,000 vehicles.
General Motors Corporation
) slid 32 cents to $38.79 after the automobile company said total sales in November climbed 19% to 212,060 units and total sales surged 19.4% to 779,517 units.
Krispy Kreme Doughnuts, Inc.
) plummeted 16.4% or $4.03 to $20.54 after the doughnuts retailer and wholesaler reported revenue in the third-quarter ending on November 3 jumped 6.7% to $114.2 million. Same store sales in the quarter climbed 3.7%.
Net income in the quarter surged 36% to $6.8 million or 9 cents a diluted share compared to $5 million or 7 cents.
REX American Resources Corp
) surged 13.6% or $4.18 to $34.83 after the consumer electronics retailers said revenue in the third-quarter slipped to $166.5 million. Net income in the quarter climbed to $9.9 million or $1.21 a diluted share compared to $0.4 million or 5 cents.