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STOCK MOVERS

U.S. Movers: Big Lots, Cooper, Hurco, Staples, Under Armour


Author: Mukesh Buch
ticker.com
Last Update: 12:06 PM ET March 04 2016

12:05 PM New York Big Lots net edged up as sales fell 0.6%. Cooper profit plunged 16%. Hurco net rose 3%. Staples net swung to profit while net sales declined 7%. Under Armour reiterated revenues and operating income forecast.

Tollbooth Index rose 19.76 or 0.2% to 10,458.48.

Earnings Review

Big Lots, Inc (BIG) jumped 3.3% or $1.36 to $43.25 after the discount retailer reported net sales in the fourth-quarter ending in January fell 0.6% from a year ago to $1.58 billion.

Comparable store sales in the quarter increased 0.7%.

Net income in the quarter edged up 0.1% to $94.5 million or $1.91 per diluted share compared to $94.4 million or $1.77 per share from the same quarter last year.

Cooper Companies Inc (COO) soared 5.3% or $7.63 to $152.64 after the medical devices maker said revenues in the first-quarter ending in January rose 1% from a year ago to $449.6 million.

Net income in the quarter plunged 16% to $51.4 million or $1.05 per diluted share compared to $61.2 million or $1.25 per share from the same quarter last year.

Hurco Companies, Inc (HURC) surged 9.7% or $2.65 to $30 after the testing and measuring equipment maker stated net sales in the first-quarter ending in January jumped 11% from a year ago to $56.5 million.

Net income in the quarter rose 2.6% to $3.9 million or 58 cents per diluted share compared to $3.8 million or 57 cents per share from the same quarter last year.

Staples, Inc (SPLS) slid 7 cents to $9.80 after the specialty retailer reported sales in the fourth-quarter ending in January declined 7% from a year ago to $5.3 billion.

Comparable store sales in the quarter dropped 5%.

Net in the quarter swung to profit $86 million or 13 cents per diluted share compared to a loss of $260 million or 41 cents per share from the same quarter last year.

Under Armour Inc (UA) gained 68 cents to $83.77 after the apparel, footwear and accessories distributor reiterated net revenues in the fiscal 2016 to jump 25% to $4.95 billion and operating income to soar 23% from a year ago period.
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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