[R]10:40AM New York – U.S. retailers reported weaker than expected sales in May. Same store sales declined sharply at teenage retailers more than anticipated. Abercrombie & Fitch sales plunged 28%. American Eagle Outfitters sales declined 7%. Costco Wholesale sales excluding gasoline at U.S. locations increased 1%.[/R]

Abercrombie & Fitch Co led the decliners in the S&P 500 index with a loss of 10.1%. Dynamex Inc third quarter profit declines. SAIC, Inc first quarter profit rises, beats estimates.[/R]

Of the stocks in S&P 500 index, 315 increased, 177 declined and 7 were unchanged.

Abercrombie & Fitch Co led the decliners in the S&P 500 index with a loss of 10.1% followed by losses in The Gap, Inc of 6.4%, in Limited Brands, Inc of 4.9%, in Family Dollar Stores, Inc of 4.7% and in Nordstrom, Inc of 4.1%.

Fifth Third Bancorp led gainers in the S&P 500 index with a rise of 7.3% followed by gains in of KeyCorp 6.9%, in Dynegy Inc of 6.7% and Teradyne, Inc of 6.5%.

Other Movers

Abercrombie & Fitch (ANF: chart) plunged 10.5% to $28.30 after teen age retailer reported same stores sales declined 28% in May and total sales fell 22%.

Collective Brands, Inc (PSS: chart) added 3.6% or 58 cents to $16.47 after the footwear retailer said first quarter sales fell 7.5% to $862.9 million from $932.4 million a year ago. Net income in the quarter rose 93% to $38 million or 59 cents per diluted share compared to net income of $19.7 million or 30 cents per a year ago.

Costco Wholesale Corporation (COST: chart) dropped $1.90 or 3.9% to $46.53 after it reported same store sales in May declined 7%. For the domestic locations sales declined 6% and at international locations sales dropped 6%. Excluding gasoline, sales across the company rose 1% and at domestic locations declined 1% and at international locations rose 7%.

Cyberonics, Inc (CYBX: chart) increased 13.8% or $2.07 to $16.99 after the medical technology company said fourth quarter sales rose 14% to $38.6 million from $33.9 million a year ago. Net income in the quarter rose 124% to $6.5 million or 22 cents per diluted share compared to net income of $2.9 million or 11 cents per a year ago.

Dillard’s Inc (DDS: chart) declined 5.4% to $9.80 after it reported same store sales in May declined 12%.

Dynamex Inc (DDMX: chart) rose 14.3% or $2.38 to $18.99 after the logistics services provider said third quarter sales fell 18.4% to $92.2 million from $113 million a year ago. Net income in the quarter fell 58% to $1.6 million or 17 cents per diluted share compared to net income of $3.8 million or 37 cents per a year ago.

Macy’s, Inc (M: chart) sales declined 4.2% to $12.76 after it reported May same store sales declined more than 9%.

Martek Biosciences Corporation (MATK: chart) declined 7.3% or $1.60 to $20.15 after the seller of nutritional oils and dietary supplements said second quarter revenues rose 2% to $92.4 million from $90.7 million a year ago. Net income in the quarter rose 20% to $11 million or 33 cents per diluted share compared to net income of $9.2 million or 28 cents per a year ago.

SAIC, Inc (SAI: chart) climbed 3.7% or 66 cents to $18.26 after the provider of technical services said first quarter revenues rose 12% to $2.65 billion from $2.37 billion a year ago. Net income in the quarter rose 13% to $116 million or 28 cents per diluted share compared to net income of $103 million or 24 cents per a year ago.

Saks Incorporated (SKS: chart) traded unchanged to $4.05 after the luxury goods retailer reported same store sales plunged 26% in May.

Target Corp (TGT: chart) declined 4% or $1.63 to $39.34 after it reported May sales declined 6.1%.

Teekay Corporation (TK: chart) fell 0.1% or 3 cents or $15.5 after the oil tanker shipping company reported fourth quarter revenues rose 21.2% to $801.6 million from $661.4 million a year ago. Net loss in the quarter was $660.8 million or $9.12 per diluted share compared to net loss of $114.8 million or $1.55 per share a year ago.

Toll Brothers, Inc (TOL: chart) fell 6.6% or $1.29 to $18.24 after the luxury homebuilder said second quarter revenues fell 51% to $398.3 million from $818 million a year ago. Net loss in the quarter was $83.2 million or 52 cents a diluted share compared to net loss of $93.7 million or 59 cents per a year ago.

Vail Resorts, Inc (MTN: chart) dropped 0.3% or 9 cents to $28.80 after the premier mountain resort company reported third quarter revenues fell 21.2% to $334 million from $424 million a year ago. Net income in the quarter fell 29% to $61.6 million or $1.68 per diluted share compared to net income of $87.3 million or $2.24 per share a year ago.