StreetInsider.com Pre-Open Movers 03/15: (SNE) (GRPN) (BAC) Higher; (GLDD) (ULTA) (ARO) Lower (more...)

March 15, 2013 9:35 AM EDT Send to a Friend
Great Lakes Dredge & Dock Corp. (NASDAQ: GLDD) 31% LOWER; reported Q4 EPS of $0.01, $0.18 worse than the analyst estimate of $0.19. Revenue for the quarter came in at $207.1 million versus the consensus estimate of $153.28 million. To restate results.

Ulta Salon (NASDAQ: ULTA) 14% LOWER; reported Q4 EPS of $1.00, $0.02 better than the analyst estimate of $0.98. Revenue for the quarter came in at $758.8 million versus the consensus estimate of $753.93 million. Comparable Store Sales Increased 8.0%. Ulta Salon sees Q1 2013 EPS of $0.60-0.63, versus the consensus of $0.72. Ulta Salon sees Q1 2013 revenue of $568-577 million, versus the consensus of $579.66 million.

STEC, Inc. (NASDAQ: STEC) 11% LOWER; reported Q4 EPS of ($0.35), $0.03 worse than the analyst estimate of ($0.32). Revenue for the quarter came in at $35.1 million versus the consensus estimate of $37.74 million. STEC, Inc. sees Q1 2013 EPS of ($0.40)-(0.42), versus the consensus of ($0.32). STEC, Inc. sees Q1 2013 revenue of $21-23 million, versus the consensus of $38.8 million.

Aeropostale, Inc. (NYSE: ARO) 7% LOWER; reported Q4 EPS of $0.24, $0.02 better than the analyst estimate of $0.22. Revenue for the quarter came in at $797.7 million versus the consensus estimate of $779.66 million. Fourth quarter comparable sales, including the e-commerce channel, decreased 8% compared to a 7% decrease for the corresponding 14-week period of the prior year. Fourth quarter comparable store sales, excluding the e-commerce channel, decreased 9%, compared to a decrease of 9% for the corresponding 14-week period of the prior year.

Krispy Kreme Doughnuts (NYSE: KKD) 7% LOWER; reported Q4 EPS of $0.11, $0.01 worse than the analyst estimate of $0.12. Revenue for the quarter came in at $118.1 million versus the consensus estimate of $115.93 million. Krispy Kreme Doughnuts sees FY2014 EPS of $0.53-0.57, versus the consensus of $0.58

Sony Corporation (NYSE: SNE) 6% HIGHER; upgraded at Daiwa Securities

Zogenix, Inc. (NASDAQ: ZGNX) 6% HIGHER; reported Q4 adjusted loss of $0.16 per share, $0.01 better than the analyst estimate of ($0.17). Revenue for the quarter came in at $9.5 million versus the consensus estimate of $9.87 million.

Carnival Corp. (NYSE: CCL) 5% LOWER; reported Q1 EPS of $0.02, in-line with the analyst estimate of $0.02. Revenue for the quarter came in at $3.59 billion versus the consensus estimate of $3.56 billion. Sees FY2013 EPS of $1.80-$2.10, versus prior guidance of $2.20-2.40 and the consensus of $2.35. Sees Q2 2013 EPS of $0.04-$0.08, versus the consensus of $0.29.

Groupon, Inc. (NASDAQ: GRPN) 3% HIGHER; Bill Miller highlights the stock on CNBC

Bank of America Corp. (NYSE: BAC) 3% HIGHER; authorized the repurchase of up to $5.0 billion of common stock and the redemption of approximately $5.5 billion in preferred stock.

Suntech Power Holdings Co. Ltd. (NYSE: STP) 3% HIGHER; unaware of undisclosed events.

Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) 2% HIGHER; upgraded at Goldman Sachs

Capstone Turbine Corp. (NASDAQ: CPST) 2% HIGHER; upgraded at Roth

Discover Financial Services (NYSE: DFS) 2% HIGHER; announced that its board of directors has approved a new share repurchase program authorizing the company to repurchase up to $2.4 billion of its common stock, and that it plans to increase its quarterly common stock dividend. These actions were part of the company’s capital plan, which was submitted to the Federal Reserve as part of the 2013 Capital Plan Review. The Federal Reserve notified Discover that it has no objections to the capital actions through March 31, 2014, set forth in the company’s capital plan.

JPMorgan Chase & Co. (NYSE: JPM) 2% LOWER; Fed wants the company to resubmit capital plan. Also, HID trades banned by Volcker rule, Senate probe. Sen. Levin alleges that the firm hid 'Whale Loss', dodged oversight, misled public about situation.

The Goldman Sachs Group, Inc. (NYSE: GS) 2% LOWER; Fed wants the company to resubmit capital plan.

Delta Air Lines (NYSE: DAL) 1% LOWER; Raymond James downgraded from Outperform to Market Perform.

W. P. Carey Inc. (NYSE: WPC) 1% HIGHER; raises dividend 24%

KeyCorp (NYSE: KEY) 1% HIGHER; authorized a share repurchase program of up to $426 million of its common stock. KeyCorp's Board will consider a dividend increase at its regular May meeting.

American Express (NYSE: AXP) 1% HIGHER; Plans 15% Dividend Boost and $4B Buyback

Wells Fargo & Co. (NYSE: WFC) 1% HIGHER; announced today that the Federal Reserve Board (FRB) has not objected to the Company’s 2013 Capital Plan under the recently concluded Comprehensive Capital Analysis and Review (CCAR) of the nation’s largest banks. The Company confirmed that its 2013 Capital Plan includes a proposed dividend rate of $0.30 per share for the second quarter of 2013, subject to consideration and approval by its Board of Directors at its regularly scheduled meeting in April. The plan also includes a proposed increase in common stock repurchase activity for 2013 compared with 2012

Capital One Financial Corp. (NYSE: COF) 1% HIGHER; announced that the Federal Reserve has completed its 2013 Comprehensive Capital Analysis and Review ("CCAR") and did not object to Capital One's proposed capital distributions submitted on January 7, 2013 under CCAR. Capital One's submission included a planned increase in the quarterly dividend on its common stock from the current level of $0.05 per share to $0.30 per share. Consistent with the capital plan, Capital One expects to declare a quarterly dividend of $0.30 per share for the first quarter of 2013, subject to final approval of the Board of Directors at its scheduled meeting in May.

Regions Financial Corporation (NYSE: RF) 1% HIGHER; submitted to the Federal Reserve a capital plan approved by its board of directors covering the period from April 1, 2013 to March 31, 2014. The Federal Reserve indicated to Regions on March 14, 2013 that it does not object to the company’s capital plan and proposed capital actions that include increasing the company’s quarterly common dividend to $0.03 per share, as well as the repurchase over this period of common shares in an amount up to $350 million. In addition, Regions’ capital plan includes the proposed redemption/repurchase of certain capital securities including but not limited to up to approximately $500 million of trust preferred securities. These actions are subject to approval by the Regions Board of Directors.

Citigroup (NYSE: C) 0.5% HIGHER;announced that the Federal Reserve Board (FRB) has advised Citi that it has no objection to the planned capital actions requested by Citi as part of the 2013 Comprehensive Capital Analysis and Review (CCAR). The planned capital actions include a $1.2 billion common stock buyback program through the first quarter of 2014 and the maintenance of current common stock dividends ($0.01 per share per quarter)


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