Thursday, June 28, 2012

Hot Stocks Of The Day (FDO, BCS, MEI, WEN, AM)

Family Dollar Stores, Inc. (NYSE:FDO) shares declined 7.49% to $63.95 after the company reported a third quarter profit of $124.5 million, or $1.06 a share, versus $111.1 million, or $0.91 a share, in the same quarter last year. In March, the company had forecast earnings of $1.01 to $1.11 a share. Sales rose 10% to $2.36 billion. Analysts had expected $2.37 billion.
Looking forward, the company expects fourth quarter of 2012 comparable store sales to increase between 5% and 7% and earnings per diluted share to be between $0.71 and $0.81. For fiscal 2012, it expects earnings per diluted share (EPS) to be between $3.60 and $3.70 and comparable store sales of around 5%. Analysts were expecting the company to report EPS of $0.77 for fourth quarter of 2012 and EPS of $3.67 for fiscal 2012.
Barclays PLC (ADR) (NYSE:BCS) shares fell 11.68% to $10.90 after the company said yesterday that it has agreed to pay 290 million pounds or $452 million to U.S. and UK regulators to settle allegations that the company's employees tried to manipulate key global benchmark interest rates. The fine has prompted Barclays' Chief Executive Bob Diamond and three other executives to voluntarily forgo their bonuses for this year.
Methode Electronics Inc. (NYSE:MEI) reported a fourth quarter net income of $5.80 million, or $0.15 per diluted share, versus $10.1 million, or $0.27 per diluted share, reported for the corresponding quarter last year. Net sales increased 5.9% to $126.40 million from $119.40 million reported for the year-ago quarter.
The Wendy's Company (NASDAQ:WEN) shares gained 5.36% to $4.72 after the company yesterday said that it expects second-quarter same store sales for North America Company-operated restaurants to increase about 3%. The company also reconfirmed its adjusted EBITDA from continuing operations guidance in the range of $320 million to $335 million for the fiscal year 2012.
American Greetings Corporation (NYSE:AM) first-quarter profit was down to $7.25 million or $0.20 per share from $32.59 million or $0.78 per share in the same quarter last year. Total revenue dropped to $393.11 million from $403.7 million in the prior-year quarter. The company posted lower revenue due to scan-based trading conversions that occurred during the quarter.

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