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Earnings Analysis: 
AnnTaylor Net Loss; J. M. Smucker Net Surges
Author: Trupti Mehta
123jump.com
Last Update: 9:45 AM ET August 21 2009



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AnnTaylor Stores Corporation second quarter revenues fell 20.6% to $470.2 million and net loss was $18.0 million or 32 cents a share. The J. M. Smucker Company first quarter revenues rose 58% to $1.05 billion and net income rose 132% to $98.1 million or 83 cents a share.

 
[R]9:30AM New York - AnnTaylor Stores Corporation revenue fell 20.6% and net loss was $18.0 million. The J. M. Smucker Company revenue rose 58% and net income rose 132%.[/R]

AnnTaylor Stores Corporation, a women''s clothing retailer reported second quarter revenues fell 20.6% to $470.2 million from $592.3 million a year ago. Net loss in the quarter was $18.0 million or 32 cents per diluted share compared to net income of $29.3 million or 50 cents per share a year ago.

AnnTaylor Stores Corporation (ANN: chart) in the last one year traded as high as $26.99 in September 2008 and as low as $2.82 in March 2009. Based on the yesterday’s closing price of $12.82 the company has market cap of $750.72 million.

The J. M. Smucker Company, the maker of jams, jellies and Jif peanut butter reported first quarter revenues rose 58% to $1.05 billion from $663.7 million a year ago. Net income in the quarter rose 132% to $98.1 million or 83 cents per diluted share compared to net income of $42.3 million or 77 cents per share a year ago.

The J. M. Smucker Company (SJM: chart) in the last one year traded as high as $55.79 in September 2008 and as low as $34.22 in March 2009. Based on the yesterday’s closing price of $51.88 the company has market cap of $6.17 billion.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites.
Market data: BATS Exchange. Inc.

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