Stocks Up After Earnings (PIR, STP, URBN, ZUMZ)
Stock Earnings Today.
(EMAILWIRE.COM, March 04, 2010 ) Dallas, Tx - Pier 1 Imports, Inc. (NYSE:PIR) jumped 1.61% to $6.94 after it said Thursday that it expects earnings for its fiscal fourth quarter to be at least 29 cents a share, compared to a loss of 33 cents a share a year earlier. Sales in the quarter ended Feb. 27 rose 1.8% to $396 million from $389 million and the company said its merchandise margin will be better than expected at 55.7%, compared to 44.3% a year earlier. Comparable store sales for the quarter were up 6.5%. Analysts polled by FactSet had been expecting earnings of 25 cents a share on sales of $405 million.
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Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP) jumped 7% to $14.63 after it swung to a fourth-quarter profit of $49.9 million, or 27 cents a share. Analysts had been expecting earnings of 12 cents a share, according to data compiled by FactSet. Last year the firm posted a loss of $109.1 million, or 69 cents a share. Revenue rose to $583.6 million, from $414.4 million last year.
Urban Outfitters, Inc. (NASDAQ:URBN) surged 3% to $34.40 after it said its fourth quarter to Jan. 31 profit rose 92% to $78 million, or 45 cents a share. Fourth-quarter comparable retail segment sales rose 9%, with total sales up 16% to $589 million, a company record. Analysts polled by FactSet had expected earnings of 40 cents a share.
Zumiez Inc. (NASDAQ:ZUMZ) soared 28% to $20.44 after its same-store sales surprisingly rose 11.20%, easily beat the estimated rise of 1.20%.Total net sales for the four weeks ended Feb. 27 increased 19.6% to $27.6 million, said the specialty apparel retailer.
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Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP) jumped 7% to $14.63 after it swung to a fourth-quarter profit of $49.9 million, or 27 cents a share. Analysts had been expecting earnings of 12 cents a share, according to data compiled by FactSet. Last year the firm posted a loss of $109.1 million, or 69 cents a share. Revenue rose to $583.6 million, from $414.4 million last year.
Urban Outfitters, Inc. (NASDAQ:URBN) surged 3% to $34.40 after it said its fourth quarter to Jan. 31 profit rose 92% to $78 million, or 45 cents a share. Fourth-quarter comparable retail segment sales rose 9%, with total sales up 16% to $589 million, a company record. Analysts polled by FactSet had expected earnings of 40 cents a share.
Zumiez Inc. (NASDAQ:ZUMZ) soared 28% to $20.44 after its same-store sales surprisingly rose 11.20%, easily beat the estimated rise of 1.20%.Total net sales for the four weeks ended Feb. 27 increased 19.6% to $27.6 million, said the specialty apparel retailer.
About http://www.PennyStockPickReport.com
Penny Stock Pick Report offers a stock newsletter on OTC, PINKSHEETS ,OTCBB, AMEX, NASDAQ and NYSE stock exchange. Our subscribers receive daily up to date stock information on hot stocks ,most active movers, top gainers, midcap penny stocks and much more. If you wish to feature your organization on our website then you can contact us at the email given below.
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Tel: 214 556 6798
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
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