PetSmart, Inc. (NASDAQ:PETM) stock gained 4.24% to $70.30 after the company reported second quarter earnings of $78.5 million, or $0.71 a share, from $61.2 million, or $0.54 a share, in the same quarter a year earlier. Same-store sales rose 7%. In May, the company forecast quarterly earnings in between $0.61 to $0.65 a share, and same-store sales growth in the mid-single-digits range. Revenue grew 8.9% to $1.62 billion, narrowly topping analysts' predictions of $1.6 billion.
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Beazer Homes USA, Inc. (NYSE:BZH) stock gained 4.80% to $2.84. The shares of Beazer Homes were upgraded by research analysts at JPMorgan Chase from an underweight rating to an overweight. The company last announced its earnings results on August 3. The company reported ($0.38) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.33) by $0.05. The company’s quarterly revenue was up 47.3% on a year-over-year basis. Analysts expect that Beazer Homes USA will post $-1.07 EPS for the current fiscal year.
NovaGold Resources Inc. (USA) (NYSEAMEX:NG) shares climbed 7.78% to $4.85 in the early hour. The 52 week trading range for the company is $3.61 - $11.77. The shares of the company fell 51% in the last one year. The company is a precious metals company engaged in the exploration and development of mineral properties in North America. The Company has a portfolio of mineral properties located in Alaska, the United States and British Columbia, Canada.
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Baidu.com, Inc. (ADR) (NASDAQ:BIDU) stock increased 3.16% to $134.21. The 52 week trading range for the company is $99.71 - $154.15. The shares of the company fell 3% in the last six months. The company is a Chinese-language Internet search provider. Baidu serves three types of online participants, which include users, customers and Baidu union members.
NII Holdings, Inc. (NASDAQ:NIHD) shares fell 4.47% to $6.63 in the early hour. NII Holdings had its price target lowered by Barclays Capital from $12.00 to $7.00 and have an underweight rating on the stock last week. The company last issued its earnings results on August 7. The company reported ($0.60) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.03 by $0.63. The company’s quarterly revenue was down 14.7% on a year-over-year basis. On average, analysts predict that NII Holdings will post $-0.29 earnings per share for the current fiscal year.