Body Central Slumps On Lacklsuer Guidance (BODY, BKS, XG, AUY)

Body Central Slumps On Lacklsuer Guidance (BODY, BKS, XG, AUY)

Body Central Corp (NASDAQ:BODY) shares are slumping in the pre-market session as the company’s earnings outlook for the current quarter and full year missed analysts’ projection by wide margin.

For the second quarter, the Company projects to earn 19-21 cents a share on revenue of $77 million to $79 million, while comparable sales are expected to decrease in a range of 7 to 9%. Analysts are expecting the company to report 27 cents a share.

For the full fiscal year, the Company now expects net revenues in the range of $323 million to $328 million, comparable sales to decrease in a range of 4 to 6 percent and diluted earnings per share in the range of $1.07 to $1.11, based on diluted weighted-average shares outstanding of 16.4 million, compared to the Wall Street estimate of $1.35 a share.

Shares of BODY are down 29.64% to its new 52-week low of $11.25 in the pre-market session.

Barnes & Noble, Inc. (NYSE:BKS) jumped about 9% in the pre-market session  on speculation that the company will announce a partnership with Microsoft to develop a tablet. The spin is that the company’s NewCo subsidiary will supply the content for a Microsoft-charged device as the company subtly backs off from competing against the new partnership.

Extorre Gold Mines Ltd (NYSEAMEX:XG) soared 52.26% to $4.05 in the pre-open session after Yamana Gold Inc.(TSE:YRI) said it would buy Extorre Gold Mines Ltd  for C$412.9 million ($403.44 million) in a cash-and-stock deal, to build its portfolio of high-grade gold and silver deposits in Argentina. Yamana’s offer of C$4.26 per share is 68 percent higher than Extorre’s Friday close. Extorre stockholders will receive C$3.50 in cash and 0.0467 of a Yamana share for each share they own.

Yamana, which has a market value of C$12.20 billion, plans to increase gold equivalent production by 60 percent to about 1.75 million ounces over the next two years, the company said in its 2011 annual report.