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Earnings News

Pre-market Movers For August 29 (WLP, HNZ, JOSB, TFM, ZLC, SPU)

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
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Gainers:

WellPoint Inc. (WLP) is up nearly 4 percent to $59.60. The company announced that its President and Chief Executive Officer Angela Braly has stepped down from those positions. The company has named John Cannon to serve as interim President and CEO.

Jos. A. Bank Clothiers, Inc. (JOSB) is rising 11 percent to $46.30. The company's second quarter profit improved 12.7 percent from the previous year period and its earnings per share topped Wall Street view. Total sales rose 12.9 percent and also surpassed the consensus estimate.

Fresh Market Inc. (TFM) is gaining 5 percent to $64.75. The company's second quarter profit and net sales increased from the year-ago quarter and were above Wall Street view. The company also raised its full-year earnings per share guidance range.

Zale Corp. (ZLC) is rising over 3 percent to $4.26. The company's fourth quarter net loss narrowed from the same period last year. Revenues improved 7.9 percent and were above the consensus estimate. Based on the current momentum of the business and the recent debt refinancing, the company anticipates to achieve positive net income for fiscal year 2013.

SkyPeople Fruit Juice, Inc. (SPU) is up over 7 percent to $1.73. The company initiated financial guidance for the fiscal year 2012 and added that it expects sustained customer demand across a range of its processed fresh fruit product lines to enable us to achieve guidance expectations.

Decliners:

H.J. Heinz Co. (HNZ) is down 2 percent to $56.20. The company's first quarter earnings increased from the year-ago period. Reported sales declined 1.5 percent, reflecting the unfavorable impact of 5.6 percent from foreign currency exchange rates. The company said it is on track to deliver its previously announced outlook for fiscal 2013.

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