Shares of PetSmart Inc. (NASDAQ: PETM), a specialty provider of products, services and solutions for the lifetime needs of pets, are soaring in trading today. At last check, PETM shares were trading 6.97% higher at $69.35 on volume of 1.26 million. The stock hit an intra-day high of $69.23 in trading today.
PETM shares are soaring in trading today after the company reported better than expected third-quarter financial results. PETM reported third-quarter net income of $0.75 per share, compared to $0.50 per share reported for the same period in the previous year. Analysts were expecting PETM to report earnings of $0.63 per share.
PETM expect fourth-quarter earnings to be between $1.16 per share and $1.20 per share, compared to consensus forecast of $1.20 per hare.
Shares of OSI Systems Inc. (NASDAQ: OSIS), a vertically integrated designer and manufacturer of specialized electronic system and components for critical applications, are sinking in trading today. At last check, OSIS shares were trading 28.17% lower at $54.80 on above average volume of 4.31 million. The stock hit an intra-day low of $48.51.
OSIS shares are sinking in trading today after Bloomberg reported that the company’s Rapiscan security business is being looked at for possibly providing false privacy data on its full body scanner to the Transportation Security Administration.
Shares of Perry Ellis International Inc. (NASDAQ: PERY), an apparel company engaged in designing, sourcing, marketing and licensing of its products nationally and internationally at multiple price points, are soaring in trading today. At last check, PERY shares were trading 13.70% higher at $20.33 on above average volume of 167,105. The stock hit an intra-day high of $20.59 in trading today.
PERY shares are soaring after the company reported its third-quarter financial results. Although PERY reported a sharp drop in its third-quarter profit, the company’s adjusted earnings for the quarter beat Street estimates.
Oscar Feldenkreis, President and COO of Perry Ellis, said that the third quarter was highlighted by continued positive momentum in the company’s Golf and direct to consumer platforms, substantial progress on the company’s initiatives to improve its Perry Ellis and Rafaella collection businesses and the disciplined management of expenses and continued strong cash flow.
Shares of Wal-Mart Stores Inc. (NYSE: WMT), the world’s largest retailer, are down sharply in trading today. At last check, WMT shares were trading 3.70% lower at $68.67 on above average volume of 20.35 million. The stock fell to an intra-day low of $67.85.
WMT shares are falling after the retailer’s outlook for the fourth quarter fell short of estimates. The company also reported its third-quarter results, posting better-than-expected earnings. The company’s comparable store sales for the third quarter rose 1.5%.
Shares of Viacom Inc. (NASDAQ: VIAB), an entertainment company that connects with audiences through compelling content across, television, motion picture, online and mobile platforms in more than 160 countries and territories, are up sharply in trading today.
At last check, VIAB shares were trading 2.56% higher at $49.22 on above average volume of 11.68 million. The stock hit an intra-day high of $50.31.
VIAB shares are gaining after the company reported its fourth-quarter financial results. The company’s adjusted earnings for the quarter beat Street estimates.