NEW YORK (
) -- Shares of
leapt in late trades after the specialty retailer reported a 10% increase in same-store sales for the five weeks ended Dec. 31 and lifted its outlook for the fiscal fourth quarter.
The average estimate of analysts polled by
was for a same-store sales boost of 5.1% for the month. Total sales for the holiday shopping season rose 18.1% to $104.6 million from $88.5 million in the same period a year earlier.
Citing better than planned holiday sales and product margins, Zumiez, which sells action sports-related apparel and accessories for young men and women, said it now sees earnings of 57 to 58 cents a share for the January-ending quarter on sales of $180 to $181 million.
The company's previous view was for earnings of 52 to 54 cents a share in the quarter. Wall Street's current consensus estimate is for a profit of 54 cents a share in the quarter on sales of $176.8 million.
The stock was last quoted at $29.10, up 10.5%, on after-hours volume of nearly 130,000, according to
. Based on Wednesday's regular session close at $26.33, the shares were basically flat over the past year; although they've nearly doubled since hitting a 52-week low of $15.85 on Oct. 4.
ticked up in Wednesday's extended session after the potash and phosphate company topped Wall Street's profit forecast for its second-quarter results but came up a bit short on the top line.
Plymouth, Minn.-based Mosaic said it earned $623.6 million, or $1.40 a share, on revenue of $3 billion in the three months ended Nov. 30. The average estimate of analysts polled by
was for a profit of $1.28 a share in the quarter on revenue of $3.2 billion.
The stock was last quoted at $52.39, up 9 cents, on volume of less than 300,000, according to
. The shares have ranged from $53.30 to $51.11 in after-hours action.
For the third quarter ending in February, Mosaic sees total potash sales volumes of 1.2 to 1.5 million tons with pricing expected at $430 to $460 per ton; and total phosphate sales volumes of 2.2 to 2.6 million tons with pricing expected at $530 to $560 per ton.
Also active in late trades was
, whose shares rose nearly 8% to $18.02 on volume of more than 170,000 after the hard drive maker forecast fiscal second-quarter revenue of $3.1 billion to $3.2 billion, above the current consensus view of $2.8 billion.
"The better than expected results for the December quarter are attributed to the company's outstanding operational performance and overall strong execution," said Steve Luczo, Seagate's chairman and CEO, in a statement. "Due to our best-in-class operations, diversified supply-chain and differentiated manufacturing footprint, we continuously optimized our builds for customers during the quarter. This is best evidenced by our company's ability to increase the average capacity per drive shipped quarter-over-quarter to a record 653 gigabytes, despite the significant supply chain disruption."
Seagate said its outlook reflects the addition of Samsung's hard disk drive business since Dec. 19 when its acquisition of the operation closed. The company said it shipped roughly 47 million disk drives in the quarter, including a contribution of 700,000 from Samsung.
Shares of Seagate rose nearly 12% in the past year, but the stock still trades with a forward price-to-earnings multiple of less than 5X the consensus view for a profit of $3.56 a share in the full year ending in June.
Written by Michael Baron in New York.
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