This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Early Stocks in Motion

Big 5 Sporting Goods' (BGFV - Get Report) third-quarter net income fell to $7.2 million, or 32 cents a share, from $8.5 million, or 37 cents a share, a year ago. The results included charges of about 5 cents a share related to a restatement. Revenue increased to $206.8 million from $198 million last year. According to First Call, analysts expected a profit of 37 cents a share and revenue of $211.6 million. For the fourth quarter, Big 5 expects to earn 40 cents to 44 cents a share on low- to mid-single-digit same-store sales growth. The forecast is below First Call's projection of 54 cents a share. The stock was down 94 cents, or 4.4%, to $20.45 in after-hours trading.

Pacific Sunwear's (PSUN - Get Report) third-quarter earnings rose to $40.5 million, or 54 cents a share, from $33.7 million, or 44 cents a share, a year earlier. Revenue for the quarter rose 13.6% to $377.5 million from $332.4 million last year. Same-store sales increased 4.6%. The results were in line with analysts' forecasts for earnings of 54 cents a share and sales of $375.7 million.

"Our 20% increase in net income reflects both an improving comp store sales trend and an increase in gross margin," said Seth Johnson, chief executive officer. For the fourth quarter, the teen-apparel retailer forecasts earnings of 62 cents to 63 cents a share, in line with Wall Street expectations. The stock was down 31 cents, or 1.1%, to $27.32 in after-hours trading.

IDT (IDT - Get Report) said one of its units made a tender offer to purchase all of the remaining outstanding shares of Net2Phone (NTOP) it doesn't already own for $2 a share. The tender offer will expire on Dec. 12. IDT already owns 40.19% of Net2Phone's outstanding shares. Shares of IDT rose 5 cents to $11.78, while Net2Phone jumped 35 cents, or 24%, to $1.83, in after-hours trading.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
TAGS $28.21 -1.60%
DWRI $23.85 0.00%
DELL $0.00 0.00%
PLAY $29.76 -2.30%
BGFV $12.96 -2.34%

Markets

DOW 17,698.18 -77.94 -0.44%
S&P 500 2,059.69 -8.20 -0.40%
NASDAQ 4,880.2280 -20.6570 -0.42%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs