Shares of Barnes & Noble(BKS Quote) were among the NYSE's winners Thursday, jumping 10% after the bookseller posted fourth-quarter results that surpassed expectations.
The company earned $123 million, or $1.76 a share, on sales of $1.75 billion. Excluding items, the company earned $130.5 million, or $1.87 a share. Analysts polled by Thomson First Call expected earnings of $1.75 a share, before items, with sales of $1.74 billion. During the year-earlier quarter, the company earned $115.6 million, or $1.56 a share, on sales of $1.67 billion. Looking ahead, Barnes & Noble sees first-quarter earnings of 10 cents to 14 cents a share, including 4 cents a share in stock-based compensation costs. For the full year, the company sees earnings of $2.20 to $2.30 a share. The guidance for the full year includes 9 cents a share in costs related to the company's new distribution center and 15 cents a share in stock-based compensation expenses. Analysts project first-quarter earnings of 11 cents a share and full-year earnings of $2.02 a share. Shares were trading up $4.23 to $47.45. Shares of Winnebago Industries(WGO Quote) fell 7% after the motor-homes maker posted second-quarter results that fell below Wall Street forecasts. The company earned $7.7 million, or 23 cents a share, on sales of $206.4 million. The results included 2 cents a share in stock-based compensation costs. Analysts polled by Thomson First Call expected earnings of 38 cents a share and sales of $226.2 million. During the year-earlier quarter, Winnebago earned $12.6 million, or 37 cents a share, on sales of $239.4 million. The company said its most recent results were hurt by lower motor-home deliveries, which was caused by decreased retail demand. Shares were trading down $2.22 to $29.79. American Italian Pasta(PLB Quote) shares soared 68% after the pasta producer signed a new credit facility, pulling it out of default of its previous credit line. The company's new five-year, $295 million facility replaces an earlier $290 million facility. The company said it is now in compliance with all of its covenant requirements. "The completion of our refinancing represents a significant milestone for the company," American Italian Pasta said. "The new long-term financing strengthens our capital structure and provides us a stable platform from which to execute our strategies and business initiatives." The new credit agreement consists of a $265 million term loan and a $30 million revolver. Shares, which have fallen nearly 75% over the past year, were recently up $2.83 to $7.- Loading Comments...
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