Shares of Dick’s Sporting Goods Inc. (NYSE: DKS), a sporting goods retailer offering an assortment of brand name sporting goods equipment, apparel and footwear, are climbing in trading today. At last check, DKS shares were trading 4.05% higher at $50.67 on above average volume of 1.24 million. The stock hit an intra-day high of $51.78.
DKS shares are soaring in trading today after the company reported its third-quarter financial results. For the quarter ended October 27, 2012, DKS reported consolidated net income of $50.1 million, or $0.40 per share, which is above the guidance given by the company back in August. The company’s net sales for the third quarter were $1.3 billion, representing an increase of 11.2% over the same period in the previous year. Consolidated same store sales for the quarter were 5.1%.
Edward W. Stack, Chairman and CEO of Dick’s Sporting Goods, said that the company generated record results in the third quarter by exceeding its original sales and earnings expectations. Stack said that by growing its store base, partnering with its brands, aggressively building out its omni-channel capabilities and executing its strategic marketing plan.
Shares of Hologic Inc. (NASDAQ: HOLX), a developer, manufacturer and supplier of diagnostics, medical imaging systems and surgical products for the healthcare needs of women, are down sharply in trading today. At last check, HOLX shares were trading 1.86% lower at $20.01 on above average volume of 2.84 million. The stock fell to an intra-day low of $19.62 in trading today.
HOLX shares are falling today after the company reported its fourth-quarter financial results. For the fourth quarter ended September 29, 2012, HOLX reported revenue of $588.5 million. The company’s non-GAAP adjusted revenue for the quarter was $600.2 million. The company reported net loss of $77.8 million, or $0.29 per share for the quarter. On a non-GAAP basis, the company reported net income of $98.3 million, or $0.37 per share for the fourth quarter.
Rob Cascella, President and CEO of Hologic, said that HOLX is very pleased with its execution during fiscal 2012. Cascella said that the company finished the year with a strong quarter that included revenue growth in all four of its business segments.
Shares of Halcon Resources Corp. (NYSE: HK), an independent energy company engaged in the acquisition, production, exploration and development of onshore oil and natural gas properties in the U.S., are soaring in trading today. At last check, HK shares were trading 8.18% higher at $5.82 on volume of 1.88 million. The stock hit an intra-day high of $5.88 in trading today.
HK last week reported its third-quarter financial results. For the quarter ended September 30, 2012, HK reported revenue of $73.1 million, compared to $24.2 million reported for the same period in the previous year. The company’s net production for the quarter rose to an average of 11,185 barrels of oil equivalent per day (Boe/d), of which 77% was oil and natural gas liquids (NGLs), compared to 3,924 Boe/d reported for the same period in the previous year.
HK’s net loss for the quarter was $0.9 million, or $0.01 per share, compared to a net loss of $2.6 million, or $0.10 per share reported for the same period in the previous year.
Recent Comments