Stocks In The News (BTU, KSS, CONN, COF, DG)
Peabody Energy Corporation (NYSE:BTU) stock fell 1.05% to $20.68 in the pre-market hour. The company’s Chairman and Chief Executive Officer Gregory H. Boyce will present at the Barclays 2012 CEO Energy/Power Conference on Thursday, Sept. 6. The presentation is expected to begin at approximately 1:45 p.m. EDT.
Additionally, Dahlman Rose lowered its rating on Peabody Energy from Buy to Hold on lack of sufficient upsides to updated price estimates.
Kohl’s Corporation (NYSE:KSS) reported that for the four-week month ended August 25, 2012 total sales increased 5.3% and comparable store sales increased 3.4% over the four-week month ended August 27, 2011. Year to date, total sales increased 1.1% and comparable store sales decreased 0.6%.
CONN’S, Inc. (NASDAQ:CONN) shares climbed 2.30% to $24.50 in pre-market hour after the company posted a second-quarter profit of $11.6 million, or $0.35 per share, as compared with a loss of $3.1 million, or $0.10 per share, in the same quarter a year earlier. Adjusted earnings were $0.36 per share. Analysts on average expected a profit of $0.35 per share. Revenue rose 11% to $207.4 million, beating average market estimate of $206.0 million.
Additionally, the company raised fiscal 2013 guidance and expects diluted earnings per share of $1.40 to $1.50 and same stores sales up 10% to 15%. Analysts were expecting the company to report EPS of $1.41 for fiscal 2013.
Capital One Financial Corp. (NYSE:COF) shares declined 1.36% to $55.72 in the pre-market hour after the company announced that selling stockholder ING Bank N.V. intends to sell all of its approximately 54.0 million shares in Capital One in an underwritten public offering. BofA Merrill Lynch, Morgan Stanley and Citigroup will act as joint book-running managers for the offering, and propose to offer the shares at prevailing market prices or otherwise from time to time through the NYSE, the over-the-counter market, negotiated transactions or otherwise.
Dollar General Corp. (NYSE:DG) stock gained 2.84% to $52.10 in the pre-market hour after the company reported a second quarter profit of $214.1 million, or $0.64 a share, versus $146 million, or $0.42 a share, in the same quarter a year earlier. Adjusted per-share earnings were $0.69 a share, as compared with $0.52 a share a year ago. Sales jumped 10% to $3.95 billion, while same-store sales rose 5.1%. Analysts had most recently forecast earnings of $0.64 a share on revenue of $3.96 billion.