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STOCK MOVERS

Agilent Technologies, Dick’s Sporting, Groupon, TJX Up; Avon, Air Lease Fall


Author: Mukesh Buch
ticker.com
Last Update: 2:31 AM ET May 15 2012

11:25 AM New York – Agilent Technologies second quarter net surged 28% and lifted outlook. Groupon first quarter net loss narrowed 92% and guided second quarter revenue to increase between 40% and 50%. Home Depot first quarter net increased 28% to $1.04 billion and TJX surged 58% to $419.2 million.

Agilent Technologies, Inc. (A) gained 5.1% or $2.05 to $40.96 after the analytical measurement provider reported second quarter revenue rose 3% to $1.73 billion compared to $1.68 billion in the same period last year. Net income in the quarter soared 28% to $255 million or 72 cents per diluted share compared to $200 million or 56 cents per share a year ago.

Third quarter revenues expected to be in the range of $1.77 billion to $1.79 billion and non GAAP earnings expected between 82 cents to 84 cents per share. Fiscal year revenue guidance expects between $6.94 billion and $7.0 billion.

Air Lease Corporation (AL) declined 5.7% or $1.36 to $22.25 after the aircraft leasing company reported first quarter revenue soared 140% to $132.6 million compared to $55.2 million in the same period last year. Net income in the quarter surged more than seven-folds to $26.9 million or 26 cents per diluted share compared to $3.2 million or 5 cent per share a year ago earlier.

Avon Products, Inc. (AVP) slides 9.2% or $1.92 to $18.88 after the beauty products maker said Coty has withdrawn its proposal. Earlier Coty offered takeover deal for $10.7 billion.

Dick’s Sporting Goods, Inc. (DKS) advanced 6.8% or $3.23 to $50.47 after the sporting goods retailer reported first quarter net sales increased 15.3% to $1.28 billion from $1.11 billion in the prior year quarter. Net income in the quarter surged 52.4% to $57.16 million or 45 cents per diluted share compared to $37.5 million or 30 cents per share a year ago.

Elbit Systems Ltd. (ESLT) increased 1.8% or 62 cents to $35.03 after the Israel based defense electronics products maker reported first quarter revenue increased 11% to $690.8 million compared to $620.3 million in the same period last year. Net income in the quarter rose 4.8% to $32.9 million or 77 cents per diluted share compared to $27.9 million or 65 cent per share a year ago period.

Groupon, Inc. (GRPN) soared 17.5% or $2.06 to $13.80 after the online goods and service provider reported first quarter revenue surged 89% to $559.3 million compared to $295.5 million in the same period last year. Net loss in the quarter narrowed 92% to $11.7 million or 2 cents per diluted share compared to $146.5 million or 48 cent per share a year ago period.

Revenue for the second quarter expected to be between $550 million and $590 million an increase of 40% and 50% from a year ago.

Saks Inc. (SKS) fell 7 cents to $9.98 after the retailer said first quarter net sales improved 3.8% to $753.61 million from $726.0 million in the comparable period in 2011. Net income in the quarter grew 13% to $32.1 million 18 cents per diluted share compared to net income of $28.4 million or 16 cents per share last year.

The TJX Companies, Inc. (TJX) gained 6.1% or $2.43 to $42.13 after the off price apparel retailer reported first quarter net sales increased 11% to $5.8 billion compared to $5.2 billion in the same period last year. Comparable store sales increased 8%.

Net income in the quarter surged 58% to $419.2 million or 55 cents per diluted share compared to $265.9 million or 34 cents per share a year ago.

For the second quarter off price retailer expects earnings per share to be in the range of 47 cents to 50 cents which represents increase of 4% to 11% and for the fiscal raising earnings per share to be in the range of $2.27 to $2.37 represents increase of 14% to 19% over the prior year.

The Home Depot, Inc. (HD) decreased 1.8% or 90 cents to $48.98 after the home improvement retailer reported first quarter net sales grew 5.9% to $17.81 billion from $16.82 billion a year ago. Comparable same store sales for the quarter rose 5.8% and for the U.S. stores increased 6.1%.

Net earnings in the quarter increased 28% to $1.04 billion or 68 cents per diluted share compared to net earnings of $812 million or 50 cents per diluted share, in the same period of fiscal 2011.

The Valspar Corporation (VAL) shrank 4% or $2.01 to $47.76 after the paint company reported second quarter sales grew 4% to $1.03 billion compared to $992.7 million in the same period last year. Net income in the quarter soared 28% to $76.5 million or 80 cents per diluted share compared to $56.3 million or 58 cents per share a year ago quarter.

Company raises fiscal 2012 guidance to $3.20 to $3.30 from $2.92 to $3.12.

The Carlyle Group, L.P. (CG) rose 5 cents to $21.08 after the private investment firms said first quarter revenues fell 16% to $1.11 billion from $1.32 billion in the earlier year quarter. Net income in the quarter dropped 30% to $629.2 million compared to net income of $896.2 million in the prior year quarter.
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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