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STOCK MOVERS

Guidewire, Iron Mountain, Ulta Salon, Rise; Bob Evans, Mattress Firm Fall


Author: Mukesh Buch
ticker.com
Last Update: 12:04 PM ET June 06 2012

11:30 AM New York – Bob Evans fourth quarter net soared 20% to $22 million and Cyberonics surged 57% to $11 million. Fastenal said May sales grew 18.4% to $274.8 million. Iron Mountain pursues conversion to a REIT. Home Depot reaffirmed sales and earnings guidance for the current year.

Bob Evans Farms Inc. (BOBE) dropped 5.5% or $2.25 to $38.19 after the restaurant operator said sales in the fourth quarter ending on April 27 fell 1.2% to $413.5 million compared to $418.7 million in the prior year. Net income in the quarter soared 20% to $22 million or 76 cents per diluted share compared to net income of $18.4 million or 60 cents per share last year.

Brown-Forman Corporation ((BF.B)) increased 2.6% or $2.09 to $86.83 after the alcoholic beverage maker stated net sales in the fourth quarter ending in April rose 1% to $801.3 million from $791.3 million a year earlier. Net income in the quarter declined 37% to $104.5 million or 73 cents per diluted share compared to net income of $165.4 million or $1.13 per share a year ago.

Cyberonics, Inc. (CYBX) gained 3.2% or $1.24 to $39.08 after the medical devices maker reported net revenues in the fourth quarter ending on April 27 grew 13% to $58 million compared to $51 million in the same period last year. Net income in the quarter surged 57% to $11 million or 38 cents per diluted share compared to $7 million or 26 cents per share a year ago.

Fastenal Company (FAST) rose 7 cents to $39.22 after the industrial and construction equipments supplier said net sales in May increased 18.4% to $274.8 million compared to $232.0 million from a year ago month. Daily sales grew 13.1% to $12.5 million compared to $11.0 million from a year ago month.

Guidewire Software, Inc. (GWRE) surged 10.5% or $2.56 to $26.82 after the system software maker reported total revenues in the third quarter ending in April increased 28% to $57 million compared to $44 million in the same period last year. Net income in the quarter plunged 89% to $3.1 million or 5 cents per diluted share compared to $29.4 million or 66 cents per share a year ago earlier.

Iron Mountain Inc (IRM) soared 9.2% or $2.62 to $31.02 after the document management services provider approved the plan to convert to Real Estate Investment Trust. Separately, the company announced an 8% increase in its next six regular quarterly dividend and the quarterly dividend of 27 cents per share will be payable on July 13.

Mattress Firm Holding Corp. (MFRM) tumbled 18.9% or $6.70 to $28.60 after the specialty retailer reported net sales in the first quarter ending on May 1 surged 38.1% to $209.8 million compared to $151.9 million in the same period last year. Comparable store sales increased 6.1%.

Net income in the quarter plunged 89% to $1 million or 5 cents per diluted share compared to $10 million or 29 cents per share a year ago period.

The Home Depot, Inc (HD) increased 1.8% or 90 cents to $49.82 after the home improvement retailer reaffirmed its sales and diluted earnings-per-share guidance for fiscal 2012. The company still expects sales to be up approximately 4.6% for the year on a 53 week basis and diluted earnings per share increase approximately 17% to $2.90 for the year.

Ulta Salon, Cosmetics & Fragrance, Inc. (ULTA) advanced 7.7% or $6.74 to $94.12 after the beauty products retailer reported net sales in the first quarter ending on April 28 increased 22.8% to $474 million compared to $386 million in the same period last year. Net income in the quarter soared 49.7% to $34.9 million or 54 cents per diluted share compared to $23.3 million or 37 cents per share a year ago quarter.

Village Super Market, Inc. (VLGEA) increased 1.8% or 45 cents to $25.33 after the grocery retailer reported net sales in the third quarter ending on April 28 increased 9.6% to $347 million compared to $316.6 million in the same period last year. Net income in the quarter surged three-fold to $6.54 million or 47 cents per diluted share compared to $1.67 million or 12 cents per share a year ago period.

Vail Resorts, Inc. (MTN) gained 3.2% or $1.41 to $45.16 after the resort operator said total revenue in the third quarter ending in April edged down 0.2% to $421.1 million compared to $422.1 million last year. Net income in the quarter increased 3.5% to $79.6 million or $2.17 per share compared to net income of $76.9 million or $2.08 per share in the comparable quarter a year ago.
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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