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Market Update

U.S. Movers: Autodesk, Dollar Tree, Gap, Nordson, Ross Stores


Author: Mukesh Buch
ticker.com
Last Update: 10:56 AM ET August 23 2013

11:25 AM New York Autodesk net slid 4% and sales fell 1%. Dollar Tree net jumped 5% and Foot Locker net climbed 12%. Gap net surged 20%. Nordson profit fell 3% but sales jumped 6%. Ross Stores net climbed 17%.

Ann Inc. (ANN) gained 1.4% or 45 cents to $33.08 after the specialty retailer reported net sales in the second-quarter ending on August 3 advanced 7% to $638.2 million. Comparable store sales in the quarter grew 2.8%.

Net income in the quarter jumped 15.3% to $35.4 million or 76 cents a diluted share compared to $30.7 million or 64 cents.

Autodesk, Inc. (ADSK) surged 13.2% or $4.78 to $40.91 after the technology company stated revenue in the second-quarter ending in July fell 1% to $562 million. Net income in the quarter slid 4% to $61.7 million or 27 cents a diluted share compared to $64.6 million or 28 cents.

The company expects third quarter revenue in the range of $540 million to $555 million and diluted earnings per share between 19 cents and 23 cents.

Dollar Tree, Inc. (DLTR) slid 5 cents to $53.08 after the discount retailer reported net sales in the second-quarter ending on August 3 soared 8.8% to $1.85 billion. Comparable store sales in the quarter jumped 3.7%.

Net income in the quarter jumped 4.6% to $124.7 million or 56 cents a diluted share compared to $119.2 million or 51 cents.

The company estimates sales for the third quarter to be in the range of $1.87 billion to $1.92 billion and diluted earnings per share between 54 cents and 59 cents.

For the year, sales estimated between $7.85 billion and $7.97 billion and diluted earnings per share in the range of $2.65 to $2.77.

Foot Locker, Inc (FL) dropped 3.5% or $1.14 to $32.87 after the apparel retailer said net sales in the second-quarter ending on August 3 jumped 6% to $1.45 billion. Comparable store sales in the quarter increased 1.8%.

Net income in the quarter climbed 12% to $66 million or 44 cents a diluted share compared to $59 million or 39 cents.

The Gap, Inc (GPS) fell 32 cents to $41.69 after the specialty apparel retailer reported net sales in the second-quarter ending on August 3 advanced 8% to $3.87 billion. Comparable store sales in the quarter rose 5%.

Net income in the quarter surged 20% to $303 million or 64 cents a diluted share compared to $243 million or 49 cents.

The company added gross profit in the quarter jumped 10% to $1.57 billion and operating income climbed 23% to $521 million.

For the year, the company expects diluted earnings per share in the range of $2.57 to $2.65.

Hibbett Sports, Inc. (HIBB) plunged 8.4% or $4.71 to $53.76 after the retailer stated net sales in the second-quarter ending on August 3 soared 13% to $186.2 million. Comparable store sales in the quarter rose 0.3%.

Net income in the quarter surged 33% to $10.5 million or 40 cents a diluted share compared to $7.9 million or 30 cents.

Nordson Corporation (NDSN) declined 4.8% or $3.44 to $67.75 after the testing equipment maker said net sales in the third-quarter ending in July advanced 6% to $403 million. Net income in the quarter fell 3% to $65 million or $1.01 a diluted share compared to $67 million or $1.03.

For the fourth-quarter, the Nordson expects revenue between $391 million and $408 million and diluted earnings per share in the range of 87 cents to 98 cents.

Pandora Media, Inc. (P) tumbled 12.7% or $2.74 to $18.98 after the broadcasting company reported total revenue in the second-quarter ending in July surged 55% to $157.4 million. Net loss in the quarter widened to $7.89 million or 4 cents a diluted share compared to $5.42 million or 3 cents.

For the full-year, the company expects diluted earnings per share between breakeven and 5 cents.

Ross Stores, Inc. (ROST) rose 1.9% or $1.33 to $69.85 after the apparel retailer stated sales in the second-quarter ending on August 3 jumped 9% to $2.55 billion. Comparable store sales in the quarter increased 4%.

Net earnings in the quarter climbed 17% to $213.1 million or 98 cents a diluted share compared to $182 million or 81 cents.

For the third-quarter, the company expects diluted earnings per share in the range of 99 cents to $1.03.

For the year, the company expects diluted earnings per share between $3.80 and $3.87.

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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