12:40 PM, New York – Retailers reported declining revenues and earnings. Solar panels and technologies maker report lower than expected earnings.
Amedisys, Inc (
AMED) fell 20.0% or $8.84 to $35.16 after he health care provider’s stock was downgraded by Deutsche Bank analyst pointing to concerns about a growing number of patients who aren''t paying their bills. Darren Lehrich lowered his stock rating to ""Hold"" from ""Buy.""
Barnes & Noble, Inc, the book retailer dropped 5.6% to $12.36 after it reported third quarter sales fell 4.3% to $1.12 billion from $1.17 billion a year ago. Net loss in the quarter was $18.4 million or 34 cents per diluted share compared to net income of $4.4 million or 7 cents per share a year ago. Comparable same store sales decreased 7.4%.
Barnes & Noble, Inc (
BKS) in the last one year traded as high as $39.52 in November 2007 and as low as $13.09 in November 2008. Based on the yesterday''s closing price of $13.10 the company has market cap of $720.61 million.
Children’s Place Retail Stores, Inc, a specialty retailer of children’s merchandise rose 5.5% to $18.51 after it reported third quarter revenues rose 5% to $450.6 million from $430.6 million a year ago. Net income in the quarter rose 96% to $24.1 million or 81 cents per diluted share compared to net income of $12.3 million or 42 cents per share a year ago. Comparable same store sales rose 2%.
The Children’s Place Retail Stores, Inc (
PLCE) in the last one year traded as high as $43.40 in September 2008 and as low as $14.92 in November 2008. Based on the yesterday''s closing price of $17.55 the company has market cap of $516.35 million.
Cyberonics, Inc (
CYBX) added 8.4% or 85 cents to $10.95 after the maker of a nerve stimulating device based on our first half performance. The company raised its previously provided sales guidance to between $136 million and $140 million.
Developers Diversified Realty Corporation (
DDR) dropped 19.6% or 92 cents to $3.77 after the developer and manager of shopping centers, declared its fourth quarter 2008 Preferred Class G stock dividend of $0.50 per depositary share.
Dick’s Sporting Goods, Inc (
DKS) a sporting goods retailer rose 7.4% to $10.28 after it reported third quarter sales rose 10.2% to $924.2 million from $838.8 million a year ago. Net income in the quarter fell 39% to $7.4 million or 6 cents per diluted share compared to net income of $12.2 million or 10 cents per share a year ago. Comparable same store sales fell 2.8%.
Dick’s Sporting Goods, Inc (
DKS) in the last one year traded as high as $33.86 in February 2008 and as low as $9.51 in November 2008. Based on the yesterday''s closing price of $9.56 the company has market cap of $1.07 billion.
E-House (China) Holdings Limited (
EJ) dropped 4% to $4.32 after the real estate services company in China reported third quarter revenues rose 28% to $39.3 million from $30.6 million a year ago. Net income in the quarter rose 28% to $10.9 million or 13 cents per diluted ADS compared to net income of $8.5 million or 11 cents per ADS a year ago.
E-House (China) Holdings Limited (
EJ) in the last one year traded as high as $29.12 in December 2007 and as low as $4.33 in November 2008. Based on the yesterday''s closing price of $4.50 the company has market cap of $371.13 million.
Eagle Bulk Shipping Inc (
EGLE) slid 36.5% or $2.36 to $4.08 after the Eagle Bulk Shipping''s rating was cut to ""underweight"" from ""neutral,"" while Navios Maritime Partners was downgraded to ""neutral"" from ""overweight."" Diana Shipping was upgraded to ""overweight"" from ""neutral.""
The Gymboree Corporation (
GYMB) climbed 19.2% or $3.19 to $19.67 after the children''s clothing retailer reported a surge in third-quarter profit.
Limited Brands, Inc (
LTD) slumped 4.9% or 4 cents to $7.64 after the owner of Victoria''s Secret shops and the Bath & Body Works chains reported better than expected third-quarter results.
Lincoln National Corporation (
LNC) fell 18.3% or $1.34 to $5.97 after the stock was down over 40% yesterday. Barclays assigned $60 price target.
GameStop Corp (GME)) dropped 6% to $19.30 after the retailer of video games entertainment software reported third quarter sales rose 5% to $1.7 billion from $1.61 billion a year ago. Net income in the quarter fell 10% to $46.7 million or 28 cents per diluted share compared to net income of $52.0 million or 31 cents per share a year ago. Comparable same store sales decreased 1.8%.
GameStop Corp (
GME) in the last one year traded as high as $63.77 in December 2007 and as low as $20.31 in November 2008. Based on the yesterday''s closing price of $20.56 the company has market cap of $3.37 billion.
Limited Brands, Inc (
LTD) rose 0.4% to $7.61 after the women’s apparel retailer reported third quarter revenues fell 4% to $1.84 billion from $1.92 billion a year ago. Net income in the quarter fell 66% to $4.17 million or 1 cent per diluted share compared to net income of $12.1 million or 3 cents per share a year ago.
Limited Brands, Inc (
LTD) in the last one year traded as high as $22.16 in September 2008 and as low as $7.53 in November 2008. Based on the yesterday''s closing price of $7.58 the company has market cap of $2.58 billion.