Benzinga’s Top Gainers (BIG, STLY, AMD, TLB, FLOW)
Discount retailer Big Lots (NYSE: BIG) posted record third quarter earnings, a development that boosted its shares. EPS for the quarter came in at 27 cents, compared to 15 cents in the same period last year. Net sales in the quarter were up a little over 1%. The company anticipates it will net $1.09-1.14 in 4Q; its guidance for the full year figure is $2.15-2.20.
BIG was up almost 22% to $28.62 in the one-week period ending yesterday.
Stanley Furniture (NASDAQ: STLY) was up 21% during the week to close at $9.42 yesterday. No major news was reported for the company; its shares seem to be bouncing back from recent six-month lows.
American Micro Devices (NYSE: AMD) benefited from Intel’s (NASDAQ: INTC) announcement that it will not introduce its new graphics chip as a stand-alone product this or next year. AMD owns graphics card maker ATI Technologies. American Micro was up 20% to $8.67.
Women’s apparel manufacturer Talbots (NYSE: TLB) gained 19.1% on the week to $8.23. The company posted a surprise quarterly profit. The company netted a profit of $15.5 million (28 cents per share) on analysts expectations of a loss of 14 cents. Investors also liked the news that TLB would acquire shell company BPW Acquisition Corp (AMEX: BPW), a move that will reduce its debt by approximately $350 million.
Waterjet-cutting machine specialist Flow International (NASDAQ: FLOW) also surprised on the upside. 2Q net was $697,000, or 2 cents per share. Analysts had been expecting that same amount in loss. Although much of that net was derived from the sale of a company building in Taiwan and overall sales dropped by over 30%, the market liked the earnings surprise. FLOW was up 19% to $3.02 in the one-week period.
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