Barclays PLC Slumps 12.50% (BCS, AM, FDO, MEI, MSM)
Barclays PLC (ADR) (NYSE:BCS) among the losers and the stock slipped 12.57% to $10.78. The Company has agreed to pay 290 million pounds or $452 million to U.S. and UK regulators to settle allegations that the company’s employees tried to manipulate key global benchmark interest rates.
American Greetings Corporation (NYSE:AM) went up 0.70% to $14.36 after the Company announced first quarter results. Total revenue was $393.1 million compared to $403.7 million in the prior year period. Pre-tax income was $10.4 million and net income was $7.3 million or 20 cents per share in the first quarter of 2013 compared to pre-tax income of $50.8 million and net income of $32.6 million or 78 cents per share in the prior year period.
Family Dollar Stores Inc (NYSE:FDO) decreased 3.72% to $66.62 after the Company released third quarter results. Profit was $124.5 million or $1.06 per share compared to profit of $111.1 million or 91 cents per share in the prior year period. Sales increased 9.6% to $2.36 billion in the quarter. The Company expects fourth quarter profit to be between 71 cents per share and 81 cents per share, with same-store sales rising between 5% and 7%.
Methode Electronics Inc (NYSE:MEI) jumped up 15.30% to $9.12 after the Company posted fourth quarter results. Net sales increased 5.9% to $126.4 million. Net income was $5.8 million or $0.15 per share compared to net income of $10.1 million or $0.27 per share in the same period of Fiscal 2011.
MSC Industrial Direct Co Inc (NYSE:MSM) surged up 3.59% to $64.66 on a traded volume of 47k shares after the Company reported third quarter results. Net sales increased 15.0% to $612.0 million. Operating income increased 13.0% to $110.9 million. Net income was $70.2 million compared to net income of $62.1 million in the third quarter of fiscal 2011. Diluted earnings per share in the fiscal 2012 third quarter were $1.10 compared to $0.97 in the prior year period. The Company expects net sales to be between $630 million and $642 million. The Company expects diluted earnings per share for the fourth quarter of fiscal 2012 to be between $1.05 and $1.09.