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Earnings Watch For August 17 (ANN, FL, HIBB, SJM, KIRK)

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8/17/2012 5:18 AM ET

Women's apparel retailer ANN Inc. (ANN: Quote) is expected to report results for the second quarter. The company is expected to earn $0.51 per share on revenues of $585.61 million. In the year-ago quarter, the company reported earnings of $0.47 per share on revenues of $558.20 million. The shares closed Thursday at $28.14. (The stock down about 11% in Q2; MA(50)- $26.13; MA(100)- $26.98; 52-wk H/L $29.81/$20.40)

Foot Locker, Inc. (FL: Quote) is due to post second-quarter results. The athletic apparel and footwear company is expected to record earnings of $0.33 per share compared to $0.24 per share a year ago, on revenues of $1.35 billion. Shares of FL closed Thursday's trade at $34.49. (The stock dropped almost 1% in Q2; MA(50)- $31.94; MA(100)- $31.32; 52-wk H/L $34.92/$17.77)

Sporting goods retailer Hibbett Sports, Inc. (HIBB: Quote) is scheduled to report second-quarter results. The company is expected to post earnings of $0.28 per share, higher than the year-ago quarter's $0.21 per share. Also, the company is anticipated to generate revenues of $169.66 million compared to $153.13 million in the prior-year quarter. The company's shares closed Thursday's session at $61.80. (The stock up about 6% in Q2; MA(50)- $59.01; MA(100)- $58.02; 52-wk H/L $63.39/$31.03)

J. M. Smucker Co. (SJM: Quote) is slated to report results for the first quarter. The food products maker is expected to report a profit of $1.00 per share versus $1.12 per share last year, with revenues estimated at $1.30 billion. The stock closed Thursday at $78.97. (The stock declined nearly 7% in Q1; MA(50)- $76.01; MA(100)- $77.18; 52-wk H/L $81.97/$66.43)

Home decor retailer Kirkland's Inc. (KIRK: Quote) is expected to post second-quarter results. The company is expected to report a loss of $0.08 per share on revenues of $94.41 million. Last year, the company posted loss of $0.02 per share on revenues of $89.70 million. The company's shares closed Thursday's regular trading at $10.85. (The stock down about 30% in Q2; MA(50)- $11.06; MA(100)- $12.28; 52-wk H/L $17.42/$7.69)

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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Editors Pick
There was a mixed performance on Wall Street on Friday. Shares suffered an early decline, as investors continued to express worries about the Federal Reserve. A recovery through the rest of the day allowed the Dow to edge into positive territory by the close. The Nasdaq and S&P 500 posted fractional losses. Stocks have shown a notable move to the downside in early trading on Friday amid lingering concerns about the outlook for the Federal Reserve's asset purchase program. The major averages have slid firmly into negative territory, adding to the modest losses posted in the previous session. The major averages are currently posting notable losses, near their lows for the young session. After reporting a sharp drop in new orders for manufactured durable goods in the previous month, the Commerce Department released a report on Friday showing that durable goods orders rebounded by more than anticipated in the month of April. The report said durable goods orders surged up by 3.3 percent in April after tumbling by a revised 5.9 percent in March.
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