Stanley Furniture Soars On Earnings Beat (DIS, MJN, BEE, PII, PNRA, STLY)
The Walt Disney Company (NYSE:DIS) moved down 0.56% to $42.44. Analyst at Goldman Sachs sees a strong FQ2 led by advertising and theme park revenue drivers. The firm slots in EPS for the period at $0.58 – above the consensus mark of the Street. The firm has a Buy rating on the stock.
Mead Johnson Nutrition CO (NYSE:MJN) went down 3.38% to $80.77 as Pfizer Inc.(NYSE:PFE) reportedly is near a deal to sell the unit to Nestle for at least $9 billion. MJN and Danone were said to have teamed up for a bid that may have been as high as $10B.
. So far this year, the stock is up over 17%. The 52-week range for the stock is $60.33 and $84.92. The Company will release its first quarter 2012 earnings on April 26, 2012.
Strategic Hotels & Resorts Inc (NYSE:BEE) declined 0.15% to $6.69. The Company announced the pricing of the underwritten public offering of 16.0 million shares at $6.50 per share. The offering is expected to close on April 23, 2012.
Polaris Industries Inc (NYSE:PII) is one of the top percentage gainer and surged up 7.77% to $78.75 in the early trading hours. The Company reported first quarter EPS of $0.85, beating the analyst estimate of $0.77. Revenue for the quarter was $673.75 million versus the consensus estimate of $612.45 million. The Company expects EPS of $3.85-$4.00 for fiscal year 2012.
Panera Bread Co (NASDAQ:PNRA) is down 0.38% to $159.68. John Maguire, s Chief Operating Officer of the Company has resigned to become the chief executive of Friendly’s Ice Cream LLC.
Stanley Furniture Co (NASDAQ:STLY) one of the top gainers in the morning session. The stock increased 7.50% to $4.73 after the Company posted first quarter results. Net sales rose 0.8% to $26.8 million. Gross margin improved to 13.4% from 6.4% in the first quarter of 2011. Operating loss was $984,000 compared to a loss of $3.4 million in first quarter of 2011.