S&P 500 2,441.20 17.28
Gold$1,224.80 $5.30
Nasdaq 6,253.81 61.92
Crude Oil $60,490.00      $-1570.00
STOCK MOVERS

U.S. Movers:American Eagle, Chico's, Dick's, Hewlett Packard, H&R Block,Movado


Author: Mukesh Buch
ticker.com
Last Update: 12:50 PM EDT August 29 2018

12:45 PM New York City, New York American Eagle Outfitters plunged on disappointed outlook. Dick''s Sporting said fiscal 2018 same store sales are likely to decline. Hewlett Packard profit soared 59%. H&R Block net loss widened but revenues jumped. Movado net soared 65%.

Tollbooth Index jumped 115.90 or 0.7% to 16,537.27 but for the year-to-date soared 20.2%.

Earnings Review

American Eagle Outfitters Inc (AEO) plunged 11.6% or $3.17 to $24.11 after the apparel and accessory retailer reported total revenues in the second-quarter ending on August 4 soared 14% from a year ago to $965 million.

Comparable sales in the quarter jumped 9%.

Net income in the quarter surged 184% to $60.3 million or 34 cents per diluted share from $21.2 million or 12 cents in the same quarter last year.

Americal Eagle reported lower-than-expected sales in Aerie line of lingerie of 27%.

The retailer forecasted fiscal third-quarter diluted earnings per share between 45 cents to 47 cents, excludes potential asset impairment and restructuring charges.

The Brown-Forman Corp (BFA) gained 1.6% or 84 cents to $53.16 after the spirits and wine maker said net sales in the first-quarter ending in July rose 6% from a year ago to $766 million.

Net income in the quarter soared 12% to $200 million or 41 cents per diluted share from $178 million or 37 cents in the same quarter last year.

The spirits maker forecasted fiscal 2019 net sales growth between 6% and 7% but lowered diluted earnings per share forecast between $1.65 and $1.75 from the earlier estimate of $1.75 - $1.85.

Chico''s FAS Inc (CHS) declined 7.7% or 68 cents to $8.15 after the women''s apparel and accessories retailer said net sales in the second-quarter ending on August 4 slumped 5.9% from a year ago to $544.7 million.

Comparable sales in the quarter dropped 3.2%.

Net income in the quarter plunged 26% to $16.8 million or 13 cents per diluted share from $22.7 million or 18 cents in the same quarter last year.

Chico''s reaffirmed fiscal 2018 net sales forecast decline of mid-single digit and comparable sales to fall low-to-mid single digit.

Dick''s Sporting Goods, Inc (DKS) tumbled 7.3% or $2.64 to $33.75 after the sporting goods retailer reported net sales in the second-quarter ending on August 4 rose 1% from a year ago to $2.2 billion.

Same Store sales in the quarter declined 4%.

Net income in the quarter jumped 6.2% to $119.4 million or $1.20 per diluted share from $112.4 million or $1.03 in the same quarter last year.

Dick''s Sporting forecasted fiscal 2018 same store sales to decline between 3% and 4% from fall of 0.3% in 2017 and diluted earnings per share in the range of $3.02 to $3.20.

Express, Inc (EXPR) plummeted 5.2% or 52 cents to $9.47 after the specialty apparel retailer said net sales in the second-quarter ending on August 4 grew 3% from a year ago to $493.6 million.

Comparable sales in the quarter rose 1% and online sales surged 37% to $123.9 million from a year ago period.

Net in the quarter swung to profit $2.2 million or 3 cents per diluted share from net loss of $11.9 million or 15 cents in the same quarter last year.

The specialty retailer forecasted fiscal 2018 comparable sales in the range of flat to an increase of 1% and net income between $32.5 million and $36.5 million and diluted earnings per share in the range of 43 cents to 49 cents and.

Hewlett Packard Enterprise Company (HPE) jumped 2.5% or 41 cents to $17.14 after the information technology provider reported revenues in the third-quarter ending in July jumped 4% from a year ago to $7.8 billion.

Net income in the quarter soared 58.6% to $0.5 billion or 29 cents per diluted share from $0.3 billion or 17 cents in the same quarter last year.

Hewlett Packard said revenues in the Hybrid IT business advanced 3% to $6.2 billion and revenues in the intelligent Edge segment surged 10% to $785 million and revenues in the financial services increased 3% to $928 million.

H&R Block Inc (HRB) gained 1.7% or 45 cents to $26.56 after the tax return preparation services provider said revenues in the first-quarter ending in July soared 5% from a year ago to $145.2 million.

Net loss in the quarter widened to $152.7 million or 74 cents per diluted share from $130.6 million or 63 cents in the same quarter last year.

Movado Group, Inc (MOV) tumbled 14.9% or $7.40 to $42 after the watchmaker said net sales in the second-quarter ending in July surged 11.9% from a year ago to $144.1 million.

Net income in the quarter jumped 65.4% to $9.1 million or 39 cents per diluted share from $5.5 million or 24 cents in the same quarter last year.

Movado forecasted fiscal 2019 net sales in the range of $660 million to $675 million and net income in the range of $58 million to $59.7 million and diluted earnings per share between $2.45 and $2.55.
  1
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc