Friday, November 13, 2009

Friday Hot Stocks: DELL, JCP, ANF, DIS, BBI, JWN

. Friday, November 13, 2009

By stockOzone team

Shares of following companies are expected to see heightened activity in Friday's trading session.

Dell Inc. (NASDAQ: DELL) on Friday confirmed plans to launch a smart phone named Mini 3, a touch-screen phone that runs Google Inc.'s Android operating system. The Round Rock, Texas-based pc maker said it plans to launch smartphones initially in China and Brazil.

Early on Friday, J.C. Penney Co. (NYSE: JCP) reported that its third-quarter profit slid 78% to $27 million, or 11 cents a share, from $124 million, or 56 cents, in the year earlier quarter. On an adjusted basis, the company earned 30 cents a share. Revenue decreased 3.2% to $4.18 billion.

Abercrombie & Fitch Co.
(NYSE: ANF) said Friday that third-quarter earnings dropped to $39 million, or 44 cents a share, compared to $64 million, or 72 cents a share, in the comparable period last year. On an adjusted basis, the company earned 30 cents a share. Revenue declined to $765 million compared to $896 million.

Late on Wednesday, Walt Disney Co. (NYSE: DIS) reported that its fourth fiscal-quarter profit rose 18% to $895 million, or 47 cents a share, compared with a profit of $760 million, or 40 cents a share, in the prior year's fourth quarter. On an adjusted basis, the company earned 46 cents a share in the latest three months. Revenue increased 4% to $9.87 billion from $9.44 billion.

Blockbuster Inc
(NYSE: BBI), the largest U.S. movie rental chain, said Thursday that its third quarter net loss widened to $116.8 million, or 60 cents per share, compared with a loss of $17.8 million, or 9 cents per share, in the year-ago quarter. On an adjusted basis, the company posted a loss of 25 cents per share. Quarter revenue plunged 24 percent to $910.5 million from $1.2 billion a year earlier.

Nordstrom Inc.
(NYSE: JWN) reported Thursday that third-quarter net income climbed to $83 million, or 38 cents a share, from $71 million, or 33 cents, in the similar quarter a year ago. Revenue increased 3.5% to $1.87 billion.

Disclosure: Author does not own any of the stocks discussed here.





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