Tumi Holdings Inc (NYSE:TUMI) shares climbed 23.55% to $22.87 after the company posted a higher profit in the second quarter owing to higher revenues.
The company posted second quarter net income of $6.5 million or $0.10 per share from $2.3 million or $0.04 per share in the same period last year. Adjusted earnings were $11.2 million or $0.18 per share. Revenues totaled $95.8 million, up 21.8% from $78.7 million last year. Analysts expected the company to earn $0.13 per share on revenues of $92.93 million.
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Looking ahead, the company raised its fiscal year 2012 earnings outlook to a range of $33 million to $35 million, or $0.50 to $0.53 per share. Adjusted earnings are currently expected to range between $43 million and $45 million, or $0.67 and $0.70 per share. Revenues are expected to be in the range of $390 million to $395 million. Analysts currently expect the company to report full-year earnings of $0.67 per share on revenues of $390.08 million.
Fossil, Inc. (NASDAQ:FOSL) stock surged 31.97% to $92.10 after the company’s second quarter net income rose 11.6% to $57.3 million from $51.4 million in the prior-year quarter. Earnings per share grew 15% to $0.92 from $0.80 in the previous year. Net sales climbed 14.3% to $636.1 million from last year's $556.7 million. Analysts expected the company to report earnings of $0.78 per share on revenues of $634.86 million for the quarter.
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Going ahead, the company expects third-quarter earnings per share to be in a range of $1.09 to $1.11, with adjusted earnings per share in a range of $1.15 to $1.17. Analysts expect the company to earn $1.37 per share for the quarter.
THQ Inc. (NASDAQ:THQI) shares climbed 5.70% to $5.19 after the company reported first quarter earnings of $15.4 million, or $2 per share, as compared with a net loss of $38.4 million, or $5.63 per share, for the same period last year. Revenue was $133.7 million, down from $195.2 million in the same period last year. Adjusted loss was $23.3 million, or $3.41 per share, on revenue of $38.5 million for the recent period. Analysts were expecting an adjusted loss of $3.97 per share on sales of $29 million.
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Looking forward, the company expects second quarter net sales in the range of $75-$85 million, net loss per diluted share ranging from $3.50 to $4.50. For fiscal 2013, it continues to expect net sales in the range of $390-$410 million, net loss in the range of $2.80 to $4.30. Analysts are expecting the company to report revenues of $433 million and EPS of $(1.30) for fiscal 2013; revenues of $98 million and EPS of $(1.06) for the second quarter of 2013.