Markets & Finance

Sears Gains on Earnings Surge


From Standard & Poor's Equity Research

Barnes & Noble (BKS) posts in-line 14 cents vs. 13 cents first quarter EPS on slightly lower same-store sales and 2% total higher revenue. It sees 22 cents to 26 cents second quarter EPS on a low single-digit decline in same-store sales.

Sears Holdings (SHLD) shares gained Thursday after the retail company posted $1.14 vs. 7 cents (pro forma) first quarter EPS as lower expenses offset a 8.4% drop in Sears domestic same-store sales and a 0.2% drop in Kmart same-store sales.

Intuit (INTU) posts $1.68 vs. $1.61 third quarter earnings per share (EPS) (Generally Accepted Accounting Principles) on a 14% revenue rise. It sees 22 cents to 24 cents fourth quarter GAAP loss on $310 million to $330 million revenue and sets a 2-for-1 stock split.

Foot Locker (FL) posts 38 cents vs. 37 cents first quarter EPS on flat same-store sales and flat total sales. It sees 27 cents to 30 cents second quarter EPS.

Limited Brands (LTD) posts 25 cents vs. 20 cents first quarter EPS on 5% higher same-store sales and 5.2% higher total sales. It sees 22 cents to 24 cents second quarter EPS and $1.50 to $1.60 in fiscal year 2007.

Reliance Steel & Aluminum (RS) sets a 2-for-1 stock split and raises its quarterly dividend 20% to 6 cents.

Napster (NAPS) posts 17 cents fourth quarter loss from continuing operations vs. 59 cents loss on a 54% revenue rise. It says visibility is limited, but it currently expects first quarter revenue of about $25 million to $28 million vs. the fourth quarter's $26.8 million.

Claire's Stores (CLE) posts 30 cents vs. 30 cents first quarter EPS despite a 3% same-store sales rise and 3% total sales rise. It sees 35 cents to 36 cents second quarter EPS and $1.90 to $1.95 fiscal year 2007 EPS.

Men's Wearhouse (MW) posts 53 cents vs. 41 cents first quarter EPS (GAAP) on 2.7% higher U.S. same-store sales and 5.6% higher total sales. It sees 53 cents to 55 cents second quarter EPS on 3% to 4% same-store sales growth.

Salesforce.com (CRM) posts a breakeven first quarter vs. 4 cents EPS (GAAP) despite a 63% revenue rise. It sees 2 cents to 4 cenets second quarter GAAP loss on revenue of $112 million to $114 million. It also raises fiscal year 2007 revenue guidance to $478 million to $483 million and sees GAAP loss of 5 cents to 8 cents.

New York & Co (NWY) posts 10 cents vs. 38 cents first quarter EPS on a 9.2% same-store sales drop and 1.1% total sales drop. It says the first quarter is well below its original expectations. It also sees 8 cents to 12 cents second quarter EPS. It cuts its $1.06 to $1.16 fiscal year 2007 EPS forecast to between 70 cents and 82 cents.

Longs Drug Store (LDG) posts 41 cents vs. 34 cents first quarter EPS on 1.5% higher same-store sales and 9.5% higher total revenue. It sees $1.74 to $1.84 fiscal year 2007 EPS on a 1% to 3% rise in same-store sales and 10% to 12% total revenue growth.

Synopsys (SNPS) posts 4 cents second quarter EPS vs. 3 cents loss (GAAP) on a 12% revenue rise. It sees 8 cents to 17 cents fiscal year 2006 GAAP EPS on revenue of $1.08 billion to $1.09 billion.

Shanda Interactive Entertainment (SNDA) posts 2 cents vs. 36 cents first quarter earnings per ADS on a 31% revenue decline.

Stein Mart (SMRT) posts 17 cents vs. 38 cents first quarter EPS on 5.1% lower same-store sales and 4.2% lower total sales. It says that due to a shortfall in the first quarter, it expects fiscal year 2007 EPS to be in line with last year's $1.15 and same-store sales to increase 1% to 2%.


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