Dillard’s Inc. (NYSE: DDS), a fashion apparel, cosmetics and home furnishing retailer, has reported record results for the first quarter ended May 4, 2013. Despite the strong results, shares of the retailer are fluctuating between gains and losses in trading today.
Month: May 2013
Major Movers on May 16; CSCO, TSRO, INFI, AMD, TSLA
Shares of Cisco Systems Inc. (NASDAQ: CSCO) rallied about 12 % by afternoon trade after the network equipment maker, late last evening, reported better-than-expected results for the fiscal third quarter while its guidance on the current quarter was also in-line with analysts’ consensus estimate.
Continue reading Major Movers on May 16; CSCO, TSRO, INFI, AMD, TSLA
Micro-Caps on the Move; Advanced Cell Technology Inc. (ACTC), Unilava Corporation (UNLA), MultiCell Technologies Inc. (MCET)
Shares of Advanced Cell Technology Inc. (OTC: ACTC), a biotechnology company engaged in the development and commercialization of human embryonic and adult stem cell technology in the emerging field of regenerative medicine, are climbing in trading today. At last check, ACTC shares were trading 10.94% higher at $0.0720 on above average volume of 29.50 million. The stock hit an intra-day high of $0.08.
Kohl’s Beats Q1 Earnings Estimate, Expects Sales to Improve in Q2 (KSS)
Department chain, Kohl’s Corp (NYSE: KSS) reported on Thursday that its fiscal first quarter profit slipped 4.5% as higher margins were offset by slightly lower-than-expected sales; however, shares were gaining as adjusted earnings comfortably topped analysts’ estimation.
Continue reading Kohl’s Beats Q1 Earnings Estimate, Expects Sales to Improve in Q2 (KSS)
Jana Partners Discloses Stake in Groupon and Zynga (GRPN, ZNGA)
Jana Partners, one of the leading activist hedge funds, managed by Barry Rosenstein, revealed on Wednesday that it holds stake in Groupon Inc. (NASDAQ: GRPN) and Zynga Inc. (NASDAQ: ZNGA).
Continue reading Jana Partners Discloses Stake in Groupon and Zynga (GRPN, ZNGA)
Major Movers on May 15; DE, GOOG, CSC, SPWR
Shares of Deere & Company (NYSE: DE) plunged about 4.50% by afternoon trade on Wednesday after the farms equipment manufacturer provided downbeat outlook for the second half of the current year.The Company now expects full-year sales to grow by 5% down from earlier guidance of 6%. The Company however handed better-than-expected adjusted earnings and revenue for the fiscal second quarter. For the fiscal second quarter ended April 30, Deere & Company posted net income of $1.08 billion or $2.76 a share compared to a profit of $1.06 billion or $2.61 a share, in the year-earlier quarter. Revenue rose 9% to $10.91 billion. Analysts’ consensus estimate was for earnings of $2.72 a share on revenue of $9.85 billion.
Continue reading Major Movers on May 15; DE, GOOG, CSC, SPWR
Macy’s Q1 Net Income up 20%, Maintains FY Earnings Guidance (M)
Although Macy’s Inc. (NYSE: M) experienced weakness in its clientele base, the department chain posted better-than-expected fiscal first quarter earnings and revenue and hiked its quarterly dividend.
Continue reading Macy’s Q1 Net Income up 20%, Maintains FY Earnings Guidance (M)
Micro-Caps on Watch; Applied DNA Sciences Inc. (APDN), Latteno Food Corp. (LATF), GrowLife Inc. (PHOT)
Shares of Applied DNA Sciences Inc. (OTC: APDN), a provider of botanical-DNA based security and authentication solutions in Europe and the U.S., are climbing in trading today. At last check, APDN shares were trading 5.56% higher at $0.247 on above average volume of 7.93 million. The stock hit an intra-day high of $0.25. APDN shares have gained 22% in the last three trading sessions.
Agilent Technology Beats Q2 Estimate but Outlook Disappoints (A)
Agilent Technologies Inc. (NYSE: A) reported on Tuesday that fiscal second quarter earnings plunged 35% as the bottom line felt the pinch due to eroding margins, restructuring related costs and write-downs; however, non-GAAP earnings topped Street’s estimation.
Continue reading Agilent Technology Beats Q2 Estimate but Outlook Disappoints (A)
Major Movers on May 14; SODA, SSYS, BBRY, TTWO, SCTY
Shares of Sodastream International Ltd. (NASDAQ: SODA) rallied about 14% by afternoon trade after analysts at Citigroup raised to their price target to $66.00 while analysts at Canaccord Genuity maintained “hold” rating on the stock. Canaccord Genuity also boosted price target on the stock to $59.00 from $52.00. Analysts at Monness Crespi & Hardt lifted their price target in the stock to $80.00 from $70.00 and set a “buy” rating on Tuesday. Besides, analysts at Oppenheimer upwardly revised their price target on the stock to $68.00 from $60 and set a “outperform” rating on Tuesday.
Continue reading Major Movers on May 14; SODA, SSYS, BBRY, TTWO, SCTY