Kohl’s Corporation Slumps 10% (KSS, KR, BKS, DK, ROST)
NEW YORK, November 29, 2012 (MESHPRESS) – Beststocksdaily.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
Kohl’s Corporation(NYSE:KSS) shares fell 10.34% to $45.86 in pre-market hour after the company reported that for the four-week month ended November 24, 2012 total sales decreased 4.9% and comparable store sales decreased 5.6% from the four-week month ended November 26, 2011. Year to date, total sales increased 0.4% and comparable store sales decreased 1.1%.
Can KSS Bounce Back? Find Out Here
The Kroger Co.(NYSE:KR) stock gained 4.55% to $26.20 in the pre-market hour after the company raised its earnings outlook for the year after the company reported a third-quarter profit that topped expectations.
The company earned $316.5 million, or 60 cents per share, as compared with $195.9 million, or 33 cents per share, a year ago. Adjusted earnings were 46 cents per share. Total sales rose 6% to $21.81 billion. Analysts on average expected an adjusted profit of 43 cents per share on revenue of $21.55 billion.
Can KR Continue To Jump? Find Out Here
Barnes & Noble, Inc.(NYSE:BKS) stock dropped 1.56% to $15.80 in the pre-market hour after the company reported second-quarter net income of $2.23 million, as compared to a loss of $6.56 million in the same quarter last year. Loss per share narrowed to $0.04 from $0.17 prior year. Sales were $1.88 billion, as compared to $1.89 billion in the prior year period. Analysts expected the company to report a loss per share of $0.06 on revenue of $1.91 billion for the quarter.
How Should Investors React To BKS Now? Find Out Here
Delek US Holdings, Inc.(NYSE:DK) announced its results for the three and nine month period ended September 30, 2012. Group revenues for the first nine months of 2012 were NIS 53.5 billion, a 26% increase compared with NIS 42.3 billion in the first nine months of 2011. Net income in the first nine months of 2012 totaled NIS 243 million compared with a net income of NIS 451 million in the first nine months of 2011.
How Should Investors Trade DK Now? Find Out Here
Ross Stores, Inc.(NASDAQ:ROST) shares declined 0.97% to $57.01 in pre-market hour. The company reported that sales increased 6% to $813 million for the four weeks ended November 24, 2012, from last year. Comparable store sales for the month grew 2%. November same store sales were slightly ahead of the company’s expectations of flat to up 1%. The company continues to project comparable store sales gains of 2% to 3% and 1% to 2% for December and January, respectively.
Can ROST Bounce Back? Find Out Here
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