Thursday, November 19, 2009

Thursday Hot Stocks: SHLD, STP, GME, NTAP, CPB

. Thursday, November 19, 2009

By stockOzone team

Shares of following companies are expected to see active trade in Thursday's session.

Early on Thursday, Sears Holdings Corp. (NASDAQ: SHLD) reported that its third quarter net income narrowed to $127 million, or $1.09 per share, compared with a loss of $146 million, or $1.16 per share, a year earlier. On an adjusted basis, the company lost 81 cents per share. Revenue declined 4 percent to $10.19 billion from $10.66 billion.

Suntech Power Holdings Co. Ltd. (NYSE: STP) reported that its third-quarter net income dropped to $29.79 million or $0.16 per ADS, from $42.64 million or $0.25 per ADS, in the year-earlier quarter. Quarterly revenues slumped to $473.11 million from $594.40 million.

GameStop Corp. (NYSE: GME) said Thursday that its third-quarter net income climbed 12% to $52.2 million, or 31 cents a share, from $46.7 million, or 28 cents a share, in the corresponding quarter last year. Revenue rose 8% to $1.83 billion.

Limited Brands (NYSE: LTD) said that its third-quarter profit tripled to $14.9 million, or 5 cents a share, from $4.2 million, or 1 cent a share, in the comparable quarter last year. On an adjusted basis, the company earned 2 cents a share. Revenue dropped to $1.78 billion from $1.84 billion.

Late on Wednesday, NetApp (NASDAQ: NTAP) said that its second quarter net income jumped to $96 million, or 27 cents a share, from $43 million, or 13 cents a share, in the year-earlier quarter. On an adjusted basis, the company earned $130 million, or 37 cents a share. Revenue slipped $910 million from $912 million in sales during the same period a year ago.

Meanwhile, Campbell Soup (NYSE: CPB) hiked its quarterly dividend 10% to 27.5 cents a share from 25 cents, payable Feb. 1 to holders of record Dec. 30.

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





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