By stockOzone team
Shares of following companies are expected to see heightened activity in Friday's trading session.
Early on Friday, D.R. Horton Inc. (NYSE: DHI) said that fiscal fourth quarter narrowed to $231.9 million, or 73 cents per share, compared with a loss of $799.9 million, or $2.53 per share, in the year-earlier quarter. Revenue slid 42 percent to $1.01 billion.
J.M. Smucker (NYSE: SJM) said that its second-quarter profit more than doubled to $140 million, or $1.18 per share, compared with $51.5 million, or 94 cents per share, in the comparable quarter last year. Revenue increased to $1.28 billion from $843.1 million.
Ann Taylor Stores Corp. (NYSE: ANN) said Friday that it swung to a third-quarter profit of $2.07 million, or 3 cents a share, from a loss of $13.4 million, or 24 cents, in the corresponding quarter last year. On an adjusted basis, the company earned 20 cents a share. Revenue decreased to $462.4 million from $527.2 million.
Late on Thursday, Dell Inc. (NASDAQ: DELL) reported that third quarter net income dropped 54 percent to $337 million, or 17 cents per share, from $727 million, or 37 cents a share, in the same period a year ago. Revenue slumped 15 percent to $12.9 billion. Shares of pc maker plunged in pre-market trading.
Clothing retailer Gap Inc. (NYSE: GPS) reported that its third-quarter net income rose to $307 million, or 44 cents a share, from $246 million, or 35 cents a share, in the prior-year quarter. Revenue rose 1% from last year's quarter to $3.59 billion.
Novellus Systems (NASDAQ: NVLS) on Thursday narrowed its revenue and earnings-per-share forecast for the fourth quarter. The chip equipment maker said it now expects revenue in the range of $225 million to $245 million, compared with a prior outlook in the range of $215 million to $245 million. Novellus expects earnings per share in the range of 25 cents a share to 40 cents a share, compared with a previous range of 20 cents a share to 40 cents a share.
Nike Inc. (NYSE: NKE) raised its quarterly dividend by 8% to 27 cents a share from 25 cents. The dividend will be paid on Jan. 4 to shareholders of record at the close of business on Dec. 7.
Disclosure: Author does not own any of the stocks discussed here.
Friday, November 20, 2009
By stockOzone team