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Market Update

U.S. Movers: Barnes & Noble, Carnival, Ennis, Lennar, Sonic, Walgreen


Author: Mukesh Buch
ticker.com
Last Update: 10:12 AM ET June 25 2013

9:45 AM New York Barnes & Noble said quarterly sales declined and net loss widened. Carnival and Ennis quarterly net surged. Lennar sales climbed but net tumbled 70%. Walgreen net jumped 16% and sales rose 3.2%.

Barnes & Noble, Inc. (BKS) plummeted 12.8% or $2.42 to $16.40 after bookseller reported consolidated revenue in the fourth quarter ending on April 27 declined 7% to $1.3 billion. Net loss in the quarter widened to $118.6 million or $2.11 a diluted share compared to $56.9 million or $1.06.

Carnival Corporation (CCL) gained 1.3% or 41 cents to $33.62 after the cruise operator said net sales in the third quarter ending in May were flat at $3.5 billion. Net income in the quarter soared 193% to $41 billion or 5 cents a diluted share compared to $14 million or 2 cents.

The company added operating income plunged 40% to $152 million.

Ennis, Inc. (EBF) rose 8 cents to $17.39 after the printing service provider stated net sales in the first quarter ending in May declined 3% to $138.5 million. Net earnings in the quarter surged 118% to $8.5 million or 33 cents a diluted share compared to $3.9 million or 15 cents.

The company added gross profit climbed 27% to $35.8 million and operating income jumped 119% to $13.6 million.

Lennar Corporation (LEN) jumped 4.4% or $1.54 to $36.53 after the homebuilder reported net sales in the second quarter ending in May surged 53% to $1.4 billion. Net earnings in the quarter tumbled 70% to $137.4 million or 61 cents a diluted share compared to $452.7 million or $2.06.

Sonic Corp (SONC) slipped 1.4% or 20 cents to $13.99 after the drive-in restaurant chain said total revenue in the third quarter ending in May decreased 2% to $146.6 million. System-wide same-store sales increased 0.1%.

Net income in the quarter increased 3% to $14.8 million or 26 cents a diluted share compared to $14.4 million or 24 cents.

Tenet Healthcare Corporation (THC) increased 1.3% or 56 cents to $44.29 after a day ago the hospital chain operator agreed to acquire Vanguard Health Systems for $21 a share in an all cash transaction, the acquisition is valued at $4.3 billion.

Walgreen Company (WAG) declined 7.3% or $3.52 to $44.53 after drugstore operator reported net sales in the third quarter ending in May increased 3% to $18.3 billion. Comparable stores sales for the quarter increased 1.4%.

Net earnings in the quarter jumped 16% to $624 million or 65 cents a diluted share compared to $537 million or 62 cents.

Gross profit in the quarter increased 4% to $5.2 billion and operating income climbed 14% to $991 million.

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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