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STOCK MOVERS

U.S. Movers: Alcoa, Bank of The Ozarks, Fastenal, Perry Ellis


Author: Mukesh Buch
ticker.com
Last Update: 6:56 AM ET April 12 2016

2:00 PM New York Ė Alcoa net plunged 92% while revenues jumped 15%. Bank of The Ozarks net and revenues soared. Fastenal net fell but sales increased. Perry Ellis reiterated revenues forecast in the fiscal 2017 and reported a loss in the latest fiscal year.

Tollbooth Index gained 23.58 or 0.2% to 10,632.33.

Earnings Review

Alcoa Inc (AA) declined 3.5% or 34 cents to $9.41 after the aluminium producer reported revenues in the first-quarter ending in March jumped 14.9% from a year ago to $4.95 billion.

Net income in the quarter plunged 91.8% to $16 million or break even per diluted share compared to $195 million or 14 cents per share from the same quarter last year.

Bank of The Ozarks Inc (OZRK) dropped 2.9% or $1.20 to $40.71 after the banking service provider said net interest income in the first-quarter ending in March surged 31.6% from a year ago to $112.5 million.

Net income in the quarter soared 29.6% to $51.7 million or 57 cents per diluted share compared to $39.9 million or 48 cents per share from the same quarter last year.

Fastenal Company (FAST) slumped 2.9% or $1.37 to $45.57 after the industrial products maker reported net sales in the first-quarter ending in March jumped 3.5% from a year ago to $986.7 million.

Net income in the quarter fell 1.1% to $126.2 million or 44 cents per diluted share compared to $127.6 million or 43 cents per share from the same quarter last year.

Perry Ellis International, Inc (PERY) soared 4.4% or 79 cents to $18.63 after the menís apparel designer stated total revenues in the fourth-quarter ending in January rose 1.5% from a year ago to $214.4 million.

Net loss in the quarter narrowed to $17.7 million or $1.18 per diluted share compared to $42.9 million or $2.90 per share from the same quarter last year.

The company reiterated its total revenues forecast in the fiscal 2017 in the range of $910 million to $915 million and earnings per share between $1.90 and $1.95.

For the full-year ended in January 2016, the company reported net loss declined to $7.3 million from the loss of $37.2 million in the 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