Dillard's Inc. (DDS) shares climbed almost 5% after the department-store operator reported first-quarter results. Dillard's Inc record earnings per share of $1.31 for the first quarter compared to $0.68 for the prior year first quarter. Net income was a record $76.7 million for the thirteen weeks ended April 30, 2011 compared to $48.8 million for the thirteen weeks ended May 1, 2010. Repurchase of approximately $268.7 million (6.4 million shares) of Class A Common Stock, completing the authorization under both the 2010 and 2011 share repurchase programs.
Tyco International Ltd (TYC) shares gained 5.7% after, Schneider Electric SA s in talks with private-equity firms about partnering bid of Tyco International Ltd.
Body Central Corp. (BODY) shares dropped 4.8% after company announced financial results for the first quarter 2011. Net revenues for the first quarter increased 27.2% to $74.0 million, compared to $58.2 million for the first quarter of 2010. Store sales rose 30.3% to $63.3 million driven by a comparable-store sales increase of 16.1% and net store unit growth. Operating margin increased to 11.9% of net revenues. This compares to an operating margin of 10.7% for the same period last year.
Yahoo Inc. (YHOO) shares fell 4.5%, Yahoo's equity interest in Alibaba's subsidiary, Alipay.com Co Ltd, was transferred to a separate company, which will control Alipay, in order to help expedite necessary approvals for a regulatory license to operate an online payment business, Yahoo disclosed in a filing to the US Securities and Exchange Commission.
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