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10:00AM New York – Big Lots sales increased 2% and net income rose 2.4%. Chico’s FAS sales decreased 7.1% and net income declined 83%. Smithfield Foods, Inc sales increased 16.12% and net loss was $12.6 million. American Eagle Outfitters, Inc sales decreased 2% and net income declined 22%.[/R]
American Eagle Outfitters, Inc, a retailer that operates under the American eagle Outfitters reported second quarter sales decreased 2% to $688.8 million from $703.2 million a year ago. Net income in the quarter declined 22% to $59.8 million or 29 cents per diluted share compared to net income of $81.3 million or 37 cents per share, a year ago.
Comparable store sales decreased 9%.
American Eagle Outfitters, Inc (
AEO: chart) in the last one year traded as high as $27.29 in September 2007 and as low as $11.87 in July 2008. Based on the yesterday’s closing price the company has a market cap of $2.83 billion.
Bank of Montreal, a diversified North American financial services provider reported third quarter net income declined 27% to $521 million or 98 cents per diluted share compared to net income of $660 million or $1.28 per share, a year ago.
Bank of Montreal (
BMO: chart) in the last one year traded as high as $67.60 in November 2007 and as low as $37.70 in July 2008. Based on the yesterday’s closing price the company has a market cap of $21.12 billion.
Big Lots, Inc, a national broadline closeout retailer reported second quarter sales increased 2% to $1,105.2 million from $1,084.9 million a year ago. Net income in the quarter rose 11% to $26.0 million or 32 cents per diluted share compared to net income of $23.4 million or 22 cents per share, a year ago.
Comparable store sales increased 2.8%.
Big Lots, Inc (
BIG: chart) in the last one year traded as high as $34.88 in August 2008 and as low as $12.40 in January 2008. Based on the yesterday’s closing price the company has a market cap of $2.70 billion.
Chico’s FAS, Inc, a specialty retailer of private branded, casual-to-dressy clothing, intimates, complementary accessories reported second quarter sales decreased 7.1% to $405.2 million from $436.0 million a year ago. Net income in the quarter declined 83% to $6.7 million or 4 cents per diluted share compared to net income of $38.7 million or 22 cents per share, a year ago.
Chico’s FAS, Inc (
CHS: chart) in the last one year traded as high as $17.74 in August 2007 and as low as $4.26 in July 2008. Based on the yesterday’s closing price the company has a market cap of $878.68 million.
Daktronics, Inc, a supplier of electronic scoreboards, large electronic display systems reported first quarter sales increased 33% to $161.2 million from $120.9 million a year ago. Net income in the quarter rose 41% to $9.7 million or 24 cents per diluted share compared to net income of $7.1 million or 17 cents per share, a year ago.
Daktronics, Inc (
DAKT: chart) in the last one year traded as high as $32.37 in October 2007 and as low as $13.88 in April 2008. Based on the yesterday’s closing price the company has a market cap of $731.96 million.
Smithfield Foods, Inc, a hog producer, and pork processor reported first quarter sales increased 16.12% to $3.1 billion from $2.6 billion a year ago. Net loss in the quarter was $12.6 million or 9 cents per diluted share compared to net income of $54.6 million or 41 cents per share, a year ago.
Smithfield Foods, Inc (
SFD: chart) in the last one year traded as high as $34.09 in September 2007 and as low as $16.61 in July 2008. Based on the yesterday’s closing price the company has a market cap of $3.24 billion.
Thornburg Mortgage, Inc, a specialist in jumbo home loans reported second quarter net income in the quarter rose 80% to $412.3 million or 84 cents per diluted share compared to net income of $83.4 million or 66 cents per share, a year ago.
Thornburg Mortgage, Inc (
TMA: chart) in the last one year traded as high as $14.20 in February 2008 and as low as $0.17 in June 2008. Based on the yesterday’s closing price the company has a market cap of $154.77 million.