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STOCK MOVERS

U.S. Movers: Ambarella, Big Lots, Cooper, Lululemon, Signet, Ulta Salon


Author: Mukesh Buch
ticker.com
Last Update: 11:52 AM EDT August 31 2018

11:50 AM New York City, New York Ambarella net surged. Big Lots net declined on flat revenues. The Cooper Co fell after results disappointed traders. Lululemon reported upbeat results. Signet net swung to a loss. Ulta Salon reported better-than-expected results.

Tollbooth Index increased 41.46 or 0.3% to 16,532.71 but for the year-to-date soared 20.2%.

Earnings Review

Ambarella, Inc (AMBA) declined 5.9% or $2.37 to $37.78 after the fabless semiconductor maker said revenues in the second-quarter ending in July plunged 12.8% from a year ago to $62.5 million.

Net in the quarter swung to a loss of $6.9 million or 21 cents per diluted share from profit of $3.3 million or 10 cents in the same quarter last year.

America Outdoor Brands Corp (AOBC) surged 31.4% or $3.07 to $12.84 after the gun maker stated net sales in the second-quarter ending in July jumped 7.6% from a year ago to $138.8 million.

Net in the quarter swung to profit $7.6 million or 14 cents per diluted share from a loss of $2.2 million or 4 cents in the same quarter last year.

The gun maker forecasted fiscal 2018 net sales in the range of $620 million to $630 million and diluted earnings per share between 32 cents to 36 cents.

Big Lots Inc (BIG) plunged 9.3% or $4.46 to $43.40 after the discount retail stores operator said net sales in the second-quarter ending on August 4 were flat from a year ago to $1.2 billion.

Comparable store sales in the quarter increased 1.6%.

Net income in the period declined 17% to $24.2 million or 59 cents per diluted share from $29.2 million or 67 cents in the same quarter last year.

Big Lots reaffirmed fiscal 2018 comparable store sales forecast to increase 1% and diluted earnings per share in the range of $4.40 to $4.55.

The Cooper Companies Inc (COO) slumped 2.5% or $6.61 to $257.08 after the contact lenses and diagnostic and surgical products maker reported revenues in the third-quarter ending in July soared 19% from a year ago to $660 million.

Net income in the quarter plunged 15.3% to $100.8 million or $2.03 per diluted share from $103.6 million or $2.03 in the same quarter last year.

The contact lenses maker forecasted fiscal 2018 total revenue between $2.52 billion and $2.53 billion and diluted earnings per share in the range of $11.55 to $11.65.

Lululemon Athletica Inc (LULU) soared 14.7% or $20.18 to $157.18 after the athletic and yoga apparel retailer reported revenues in the second-quarter ending on July 29 surged 25% from a year ago to $723.5 million.

Comparable sales in the quarter jumped 20%.

Net income in the quarter soared 96.7% to $95.8 million or 71 cents per diluted share from $48.7 million or 36 cents in the same quarter last year.

The yoga apparel retailer forecasted fiscal 2018 net revenue in the range of $3.19 billion to $3.24 billion and diluted earnings per share in the range of $3.45 to $3.53.

Signet Jewellers Limited (SIG) slumped 3.4% or $2.31 to $65.38 after the Bermuda-based diamond jewelry retailer said net sales in the second-quarter ending on August 4 rose 1.5% from a year ago to $1.4 billion.

Same store sales in the quarter increased 1.7%.

Net in the quarter swung to a loss of $31.2 million or 56 cents per diluted share from profit of $85.2 million or $1.33 in the same quarter last year.

Ulta Salon, Cosmetics & Fragrance Inc (ULTA) jumped 8.4% or $20.52 to $264.93 after the beauty products retailer reported net sales in the second-quarter ending on July 29 rose 15.4% from a year ago to $1.5 billion.

Same store sales in the quarter surged 6.5%. Retail comparable sales increased 40% and sales soared 37.9% to $132.8 million.

Net income in the quarter soared 29.9% to $148.3 million or $2.46 per diluted share from $114.2 million or $1.83 in the same quarter last year.
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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