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Market Update

U.S. Movers: Brady, Cisco, Dillard's, Kohlís, Prestige Brands, Wal-Mart


Author: Mukesh Buch
ticker.com
Last Update: 11:56 AM ET May 16 2013

11:45 AM New York Ė Brady third quarter net plunged 85% and Cisco net climbed 15%. Dillard''s first quarter net surged 27% and Kohlís net declined 4%. Prestige Brands fourth quarter net plunged 35% and Wal-Mart first quarter net rose 1% to $3.78 billion.

Brady Corporation (BRC) fell 25 cents to $35.36 after the identification solutions maker reported net sales in the third quarter ending in April climbed 11% to $305.7 million. Net income in the quarter plunged 85% to $4.23 million or 42 cents a diluted share compared to $27.7 million or 53 cents.

For the fourth quarter, the Brady expects continuing operations diluted per share between 45 cents and 55 cents.

Cisco Systems, Inc. (CSCO) surged 12.2% or $2.59 to $23.80 the network products maker reported net sales in the third quarter ending on April 27 advanced 5% to $12.2 billion. Net income in the quarter climbed 15% to $2.5 billion or 46 cents a diluted share compared to $2.2 billion or 40 cents.

Operating income for the quarter added 7% to $2.94 billion and gross margin increased 5% to $7.51 million.

Dillard''s, Inc. (DDS) jumped 3.6% or $3.28 to $92.37 after the apparel retailer stated total revenue in the first quarter ending on May 4 were nearly flat at $1.55 billion. Comparable sales for the quarter increased to 1%.

Net income in the quarter surged 27% to $117.2 million or $2.50 a diluted share compared to $95 million or $1.89.

Flowers Foods, Inc. (FLO) slid 14 cents to $34.28 after bakery products maker total revenues in the first quarter ending on April 20 soared 26% to $1.13 billion. Net income in the quarter surged 71% to $64.9 million or 46 cents a diluted share compared to $37.9 million or 28 cents.

First Majestic Silver Corp (AG) gained 1.3% or 14 cents to $10.38 after the Canada based silver producer said revenues in the first quarter ending in March climbed 16% to $67.1 million. Net earnings in the quarter nearly flat at $26.5 million or 23 cents a diluted share compared to $26.4 million or 25 cents.

Kohlís Corporation (KSS) climbed 5.2% or $2.60 to $52.29 after the department stores stated sales in the first quarter ending on May 4 rose 1% to $4.20 billion. Comparable sales for the quarter decreased to 1.9%.

Net income in the quarter declined 4% to $147 million or 66 cents a diluted share compared to $154 million or 63 cents.

The company added in the quarter operating income slid 1% $317 million and gross margin nearly flat at $1.53 billion. For the second quarter, the Kohlís expects diluted earnings per share between $1 and $1.

Sapient Corporation (SAPE) soared 5.5% or 62 cents to $11.81 after the marketing company reported total revenues in the first quarter ending on May 9 jumped 13% to $303 million. Net income in the quarter plunged 26% to $6.6 million or 5 cents a diluted share compared to $8.9 million or 6 cents.

For the second quarter, the company expects service revenues in the range of $300 million to $310 million.

Prestige Brands Holdings, Inc (PBH) plunged 7.5% or $2.24 to $27.49 after the consumer brands holding company stated revenues in the fourth quarter ending in March jumped 15% to $154.5 million. Net income in the quarter plunged 35% to $166 million or 48 cents a diluted share compared to $255 million or 72 cents.

The company added operating income in the quarter surged 122% to $50.2 million and gross profit climbed 29% to $88.1 million.

Wal-Mart Stores, Inc. (WMT) slipped 1.9% or $1.56 to $78.30 after the retailer reported total revenues in the first quarter ending in April rose 1% to $114.2 billion. Net income in the quarter rose 1.1% to $3.78 billion or $1.14 a diluted share compared to $3.74 billion or $1.09.

Operating income for the quarter increased 1% to $6.5 billion.

Wal-Mart expects second quarter diluted earnings per share to be in the range of $1.22 to $1.27.

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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