S&P 500 1,666.29 0.00
Gold$1,392.80 $28.10
Nasdaq 3,496.43 0.00
Crude Oil $95.50      $-8.61
  
STOCK MOVERS

Allscripts, Dillard's, Brinker Rise; Advance Auto, Monster Beverage Fall


Author: Mukesh Buch
ticker.com
Last Update: 11:37 AM ET August 09 2012

11:25 AM New York – Advance Auto Parts second quarter net declined 12% and Allscripts net plunged 49.6% but the company lifted annual outlook. Continental Resources second quarter net surged 69.6%. Dillard''s net jumped 76% and Kohl’s surged 19.7% as comparable sales fell 2.7%.

Advance Auto Parts, Inc. (AAP) declined 4.3% or $3.10 to $67.47 after the automotive parts retailer reported net sales in the second quarter of ending on July 14 decreased 1.4% to $1.46 billion compared to $1.48 billion in the same period of last year. Comparable store sales in the quarter decreased 2.7%.

Net income in the quarter plunged 12% to $99.6 million or $1.34 per diluted share compared to of $113.1 million or $1.46 per share a year ago period.

Allscripts Healthcare Solutions, Inc. (MDRX) surged 19.6% or $1.89 to $11.49 after the clinical software provider reported net sales in the second quarter ending in June declined 3.7% to $370 million compared to $356.8 million in the same period of last year. Net income in the quarter plunged 49.6% to $8 million or 4 cents per diluted share compared to $15.9 million or 8 cents per share a year ago period.

Allscripts revised its financial guidance for 2012 non-GAAP revenue between $1.48 billion and $1.52 billion and earnings per share between 77 cents and 83 cents from the previous guidance of 74 cents to 80 cents.

AMC Networks Inc. (AMCX) increased 1.8% or 78 cents to $44.12 after the holding company said second quarter net revenues increased 12.2% to $328 million. Net income in the quarter rose to $41 million or 57 cents per diluted share compared with $27 million or 39 cents per diluted share) in the second quarter of 2011.

Brinker International, Inc. (EAT) advanced 5.4% or $1.76 to $34.32 after the casual dining chain operator said fourth quarter total revenues increased 1.5% to $728.4 million. Net income in the quarter rose to $47.0 million or 61 cents per diluted share from $41.92 million or 49 cents per share in the prior-year quarter.

Cooper Tire & Rubber Company (CTB) gained 4.3% or 78 cents to $18.89 after the tire manufacturer reported second quarter net sales increased 15% to $1.06 billion compared with the second quarter of 2011. Net income attributable to the company surged to $52 million or 82 cents per diluted share compared with $12 million or 18 cents per share for the second quarter of 2011.

Continental Resources, Inc. (CLR) increased 1.8% or $1.28 to $70.85 after the oil and gas explorer reported revenues in the second quarter ending in June climbed to $1 billion compared to $602.9 million in the same period of last year. Net income in the quarter surged 69.6% to $405.7 million or $2.26 per diluted share compared to $239.2 million or $1.33 per share a year ago.

The company lowered its guidance for G&A and now expects in a range of $2.10 to $2.35 per barrel of oil in the current year from the earlier guidance of $2.50 to $2.75 per boe.

Dillard''s, Inc. (DDS) advanced 6.6% or $4.68 to $74.99 after the discount retailer reported net sales in the second quarter ending on July 28 increased 3% to $1.53 billion compared to $1.48 billion in the same period of last year. Comparable store sales in the quarter increased 3%.

Net income in the quarter jumped 76% to $31 million or 63 cents per diluted share compared to $17.6 million or 32 cents per share a year ago period.

Kohl’s Corporation (KSS) rose 14 cents to $52.20 after the retailer reported revenues in the second quarter of ending in June fell 0.9% to $4.21 billion compared to $4.25 billion in the same period of last year. Comparable store sales for the quarter decreased 2.7%.

Net income in the quarter surged 19.7% to $240 million or $1 per diluted share compared to of $299 million or $1.08 per share a year ago.

Monster Beverage Corporation (MNST) dropped 6.5% or $4.41 to $63.36 after the nonalcoholic drinks maker reported revenues in the second quarter ending in June surged 28% to $592.6 million compared to $462.1 million in the same period of last year. Net income in the quarter soared 30.4% to $109.8 million or 59 cents per diluted share compared to $84.2 million or 45 cents per share a year ago.

Markel Corporation (MKL) gained 2.6% or $11.41 to $443 after the specialty insurance company reported net premiums in the second quarter of ending in June soared 10% to $566.6 million compared to $513.1 million in the same period of last year. Net income in the quarter surged nearly two-fold to $89.7 million or $8.42 per diluted share compared to of $30.3 million or $3.11 per share a year ago period.

News Corporation (NWSA) rose 16 cents to $23.88 after the controversial media conglomerate said net sales in the fourth quarter ending in June plunged 6.6% to $8.37 billion compared to $8.96 billion in the same period of last year. Net loss in the quarter swung to $1.55 billion or 64 cents per diluted share compared to net income of $683 million or 26 cents per share a year ago period.

Company repurchased 260 million shares of common stock for $4.6 billion.
  1
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc