Among the companies with shares expected to actively trade in Friday’s session are Foot Locker Inc.(FL), Ann Inc.(ANN) and PetSmart Inc.(PETM)
Foot Locker’s fiscal third-quarter profit slipped 1.9%, as the athletic-apparel retailer’s higher expenses masked growth in same-store sales. Foot Locker’s same-store sales rose 4.1% in the quarter, keeping up a growth trend that has lasted for several years and helping results beat expectations. Shares edged up 2.8% to $37.80 premarket.
Ann’s fiscal third-quarter earnings edged up 1.1% as the women’s apparel retailer posted stronger revenue, despite weaker margins and a sales decline at its Ann Taylor Factory business. Top- and bottom-line results beat views, but margins narrowed more than the company expected. Shares dropped 1.9% to $35.60 premarket.
PetSmart’s fiscal third-quarter earnings rose 12% on higher revenue from its pet services business. But it gave a weak current-quarter outlook and narrowed its sales outlook for the year. Shares edged down 1.6% to $73.40 premarket.
Violin Memory Inc.’s fiscal third-quarter loss widened, with higher operating expenses masking increased revenue and wider margins. Shares slumped 46% to $3.25 premarket as the company offered downbeat revenue guidance for its fiscal fourth quarter.
Fresh Market Inc.'s(TFM) fiscal third-quarter profit inched up 1.6% as top line was boosted by new store openings and rising demand at existing locations. But shares slid 15% to $42.96 in premarket trading, as growth for the period was weaker than analysts expected and the specialty grocer trimmed its full-year profit outlook.
Intel Corp.(INTC) predicted revenue will be about flat in 2014, as a decline in sales of chips for personal computers counters sales growth in other product areas. Shares dropped 3.2% to $24.43 premarket.
Ross Stores Inc.’s fiscal third-quarter profit rose 7.6%, driven by a bump in sales. However, shares were down 7.8% at $74.01 premarket as sales growth underperformed expectations and the company offered guidance for its fiscal fourth quarter below analysts’ estimates.
Aruba Networks Inc.’s fiscal first-quarter earnings loss widened on higher operating costs that offset the wireless-networking equipment maker’s revenue growth. Shares were up 12% at $19.23 in premarket trading as adjusted earnings and revenue beat expectations.
Marvell Technology Group Ltd.’s fiscal third-quarter earnings grew 50% as the chip maker recorded higher revenue amid improving demand from mobile, wireless and storage customers. Shares grew 5% to $14.52 premarket, as results for the period topped expectations and Marvell issued a rosy view for the current quarter.
Autodesk Inc.’s fiscal third-quarter profit nearly doubled, due in large part to lower restructuring expenses while slight top-line growth was driven by an increase in subscription revenue.
Celgene Corp.(CELG) received a positive opinion for its pancreatic-cancer treatment Abraxane from the European Medicines Agency’s Committee for Medicinal Products for Human Use, paving the way for potential approval of the treatment.
Gap Inc.'s(GPS) fiscal third-quarter profit grew 9.4% as the apparel retailer reported particularly strong sales in markets abroad and higher online sales. The company, which affirmed its full-year earnings outlook, also disclosed its board approved a new $1 billion share-repurchase program.
Hibbett Sports Inc. posted a 2.5% jump in sales, driven by a strong back-to-school season, while higher store operating costs weighed on the bottom line. Results beat estimates, and the retailer raised the lower end of its earnings guidance for the year.
Intuit Inc.’s fiscal first-quarter loss narrowed as the tax software company benefited from double-digit revenue growth and gains from the sale of two business segments.
Mentor Graphics Corp.’s fiscal third-quarter profit fell 17% as the chip-design software company recorded a jump in expenses that masked a slight uptick in revenue.
Pandora Media Inc.(P) swung to a fiscal third-quarter loss as the Internet-radio provider spent more on content and sales and marketing, masking a jump in revenue as users listened to more music.
Professional services provider Towers Watson & Co. agreed to acquire employee benefits company Liazon Corp. for $215 million in cash to boost its benefits services business. The benefits and personnel company is interested in Liazon for its online benefits marketplace for companies and employees.
United Parcel Services Inc.(UPS) will raise overall prices across many ground service and air freight services an average of 4.9% next year, the latest shipping company to indicate an uptick in pricing.
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