Brown Shoe
Company, Inc. (NYSE:BWS) stock climbed 3.90% to $16 after the company reported
second-quarter net loss of $2.5 million or $0.06 per share, from $4.6 million,
or $0.11 per share in the year ago quarter. Adjusted net earnings for the
quarter were $6.8 million, or $0.16 per share, as compared to a loss of $2.7
million, or $0.06 per share, in the prior year. Net sales for the quarter were
$599.3 million down from $620.6 million in the same quarter last year. Analysts
expected the company to report earnings of $0.03per share on revenues of
$606.31 million for the quarter.
Cyberonics,
Inc. (NASDAQ:CYBX) shares climbed 9.07% to $49.44 after the company reported
first-quarter net income of $8.07 million or $0.29 per share, as compared to
$6.88 million or $0.24 per share in the same period last year. Net sales
increased to $60.32 million from $52.66 million last year. Adjusted profit per
share increased to $0.38 from $0.27 prior year. Analysts expected the company
to report profit of $0.36 per share on revenue of $58.45 million for the
quarter.
Movado
Group, Inc (NYSE:MOV) shares jumped 14.78% to $34.56 after the company posted
second-quarter net income of $8.06 million, or $0.32 per share, from $4.41
million, or $0.18 per share, in the fiscal 2012 second quarter. Net sales
increased 4.2% to $118.0 million and rose 7.6% on a constant dollar basis
compared with $113.2 million in the previous year. Analysts expected earnings
per share of $0.18 for the quarter.
Zynga Inc
(NASDAQ:ZNGA) stock increased 0.33% to $3.07. MURRAY FRANK LLP announced that
it has filed a class action complaint in the United States District Court for
the Northern District of California captioned Yan v. Zynga Inc. et al., 12 Civ.
4360. The lawsuit is filed on behalf of purchasers of securities of Zynga Inc.
between December 16, 2011 and July 25, 2012, inclusive (the Class Period). The
lawsuit alleges violations of the Securities Exchange Act of 1934 (the Exchange
Act) that occurred when the Defendants issued materially false and misleading
statements regarding the Company’s business and prospects.
Las Vegas
Sands Corp. (NYSE:LVS) is currently the focus of several government
investigations. This new case may spur a new probe. Las Vegas Sands Corp is Sands
China Ltd.’s parent company. Sands China Ltd first-half profit fell 18.5% to
HK$3.41 billion. No interim dividend is declared.
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