Electronic Arts Soars On Rumor (GKSR, BONT, EA, LYTS, PLCE)

G&K Services Inc (NASDAQ:GKSR) reported fourth quarter net income of $11.19 million, r $0.59 per diluted share, as compared to net income of $7.55 million, or $0.41 per diluted share, in the corresponding quarter in the previous year. Total revenues increased to $224.34 million from $214.04 million reported foir the year-ago quarter. Analysts expected the company to report earnings of $0.55 per share on revenues of $21.85 million for the quarter.

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The Bon-Ton Stores, Inc. (NASDAQ:BONT) shares rose 1.22% to $7.45, off session low of $6.82 after the company’s fiscal second-quarter loss widened, due in part to debt-retirement charges, as the company's revenue decline, though same-store sales showed minor improvement.

The company’s second-quarter loss widened to $45 million, or $2.43 per share, from $32.3 million, or $1.78 per share, a year earlier. Sales decreased marginally to $594.9 million.

Additionally, the company also lowered its per-share guidance for fiscal 2012, saying its bottom-line will range from a loss of $1.35 to a profit of $0.20 a share.

Electronic Arts Inc. (NASDAQ:EA) stock jumped 8.56% to $14.21 after the New York Post reported that Electronic Arts is exploring a sale as the company struggles to grow its business amid competition from free online gaming sites. While the discussions are at an early stage, the company is said to be approached by private-equity giants KKR and Providence Equity Partners about a potential transaction.

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LSI Industries, Inc. (NASDAQ:LYTS) posted fourth quarter net income of $1.51 million or $0.06 per share, as compared to $1.50 million or $0.06 per share in the year ago quarter. Analysts expected the company to report earnings of $0.10 per share for the quarter. Net sales were $71.20 million, a decrease of 4% as compared to last year's net sales of $74.22 million.

Additionally, the company said its Board of Directors declared a regular quarterly cash dividend of $0.06 per share payable September 4, 2012 to shareholders of record as of August 28, 2012. The indicated annual cash dividend rate for fiscal 2012 is $0.24 per share.

Children's Place Retail Stores, Inc. (NASDAQ:PLCE) shares gained 7.72% to $55.55 after the company reported second-quarter GAAP net loss of $18.0 million or $0.74 per share, as compared to a net loss of $9.8 million, or $0.38 per share in the same quarter last year. Adjusted net loss for the latest-quarter was $15.1 million, or $0.62 per share. Net sales increased 5% to $360.8 million from $343.5 million in the second quarter of 2011. Analysts expected the company to report a loss of $0.66 per share on revenues of $353.26 million for the quarter.