Ascena Retail (ASNA) has been up as much as 16% on the heels of its earnings. Ascena reported adjusted earnings of 34-cents a share, blowing past estimates of 20-cents. Revenue was also slightly higher than consensus at $1.2-billion versus $1.6-billion. Ascena is the parent company of Dress Barn, Maurice's and Lane Bryant. It says the quarter was part of a larger boom in business and is now upping its full-year forecast. Prior to the surge on this report, Ascena shares were down 2% year-to-date.
Clovis Oncology (CLVS) is down 13% in the premarket. Bloomberg is reporting the company has failed to generate any takeover offers despite advertising that it's looking for a buyer. Prior to this drop, Clovis was up 333% year-to-date, giving it a market cap of about $2.2- billion. The stock is up even more 485% since it went public at the end of 2011.
Autozone (AZO) just came out with earnings a little while ago. Profits were $10.42 a share beating estimates by 8-cents. Keep in mind Autozone has a share price above $400. Revenues were $3.1-billion for the quarter. Ahead of this report, shares were up about 16% year-to-date. According to the report, Autozone's overall sales were up 5.6% from a year ago. Same stores sales were up about 1%.
Bed Bath & Beyond (BBBY) reports earnings after the closing bell. The retailer is expected to post earnings of $1.15 a share, down 2-cents from a year ago, but on revenue that has climbed to $2.81-billion. Profits slid in the last quarter, breaking a two-quarter streak of gains. Looking ahead to today's report, analysts will want to know whether the company is benefiting from a rebound in housing. Bed Bath & Beyond stock is up 33% year-to-date.
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