Stocks to Watch (BIDU, LTD, LULU, WINN, ZRAN)
Baidu, Inc.(ADR) (NASDAQ: BIDU) fell 13.16% to $376 after it reports Q3 EPS of $2.16, ex-items, versus the analyst estimate of $1.81. Revenue for the quarter was $187.3 million, which compares to the estimate of $187.79 million. It sees Q4 sales of $174-$180 million, versus the consensus of $202.9 million.
Limited Brands, Inc. (NYSE: LTD) plunged 9.34% to $17.67 after the owner of the Victoria’s Secret chain said it expects percentage declines in sales at store open at least one year to be “in the negative low-to-mid single digits” this month. The company had expected sales to be “roughly flat.”
Lululemon Athletica inc. (NASDAQ: LULU) surged 6.38% to $27.37 after clothing retailer boosted its forecast for the fiscal third quarter, projecting earnings to be at least 17 cents a share. The company had previously anticipated 13 cents at most.
Winn-Dixie Stores, Inc. (NASDAQ: WINN) dropped 10.95% to $11.87 after it reduced its full-year forecast, saying it expects earnings before interest, taxes, depreciation and amortization to be $160 million at most.
Zoran Corporation (NASDAQ: ZRAN) slipped 9.70% to $9.18 after it said it may have a loss of as much as 7 cents a share in the fourth quarter. Analysts, on average, estimated the company would break even, according to a Bloomberg survey.
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