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Major Movers on May 24; CRM, ARO, ANF, DF, SHLD, BLOX

Shares of Inc. (NYSE: CRM) slumped about 8% by afternoon trade. The cloud software maker reported fiscal first quarter results late on Thursday. Even though non-GAAP earnings were in-line with estimate and revenue topped expectation, investors were disappointed due to sequential decline in deferred revenue and earnings guidance for the current quarter. Deferred revenue is a key gauge for future orders as the Company follows subscription based business model.  Net loss also widened in the first quarter as higher interest expenses and operating costs put pressure on the bottom line.

Shares of Aeropostale Inc. (NYSE: ARO) nosedived about 9% by afternoon trade. The teen age focused apparel retailer reported late last evening that it swung into fiscal first quarter loss as weak sales and heavy promotional activities dented the bottom line. Aeropostale also provided disappointing outlook for the fiscal second quarter. The Company expects a loss of 15 cents to 20 cents while Wall Street’s estimation was for a loss of 6 cents a share. For the quarter which ended May 4, Aeropostale posted a loss of $12.2 million or 16 cents a share. In the same quarter of last year, the Company reported a profit of $10.6 million or 13 cents a share. Back in March, Aeropostale was expecting a loss of 15 cents to 20 cents while analysts’ forecast was for a profit, at that time. Sales fell 9% to $452.3 million but topped analysts’ estimation for $444.1 million. Comparable-store-sales slumped 14% in the fiscal first quarter.

Shares of Abercrombie & Fitch Co. (NYSE: ANF) plunged about 9.60% by afternoon trade. The apparel retailer not only reported wider-than-expected quarterly loss but revenue also fell short of Street’s estimate. The Company’s full-year guidance also fell short of Street’s consensus estimate. Same-store-sales plunged 14%, in the recently concluded quarter. The company reported first-quarter loss was $7.2 million, or 9 cents per share, which was 4 cents higher than analysts’ consensus estimate. In the same quarter of last fiscal, the Company reported a loss of $21.3 million or 25 cents a share. For the full-year fiscal, Abercrombie slashed its earnings guidance by 20 cents and is now expecting it in the range of $3.35 to $3.45 a share.

Shares of Dean Foods Co. (NYSE: DF) plunged 50% but it was due to technical adjustment. Following the completion spin-off (WhiteWave Foods,) the stock price of the parent company Dean Foods decreased by 50 percent on Friday.

Shares of Sears Holdings Corp. (NASDAQ: SHLD) lost 13.70%. The retailer late on Thursday reported a loss of $1.29 a share for the fiscal first quarter compared to a loss of 51 cents a share, in the year-earlier quarter. Analysts’ consensus estimate was for a loss of 60 cents a share.

Shares of Infoblox Inc. (NYSE: BLOX) rallied about 13.45% by afternoon trade. Thanks to fatter gross margin and higher revenue, the automated network controller’s fiscal third quarter earnings and revenue topped analysts’ consensus estimate. The Company also provided optimistic outlook for the current quarter.

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