Big 5, Evergreen Solar, Lululemon, Zale: U.S. Equity Preview
Shares of the following companies may have unusual moves in U.S. trading. Stock symbols are in parentheses.
Big 5 Sporting Goods Corp. (BGFV US): The athletic-gear retailer forecast fourth-quarter adjusted earnings of no more than 25 cents a share, below the 30-cent average estimate of analysts. The El Segundo, California-based company had seen a profit of as much as 33 cents in previous guidance.
Evergreen Solar Inc. (ESLRD US): The maker of solar power wafers said it plans to shut down operations at its Devens manufacturing facility. The company expects about 800 employees will be affected by this action.
JPMorgan Chase & Co. (JPM US): Chief Executive Officer James Dimon told CNBC that he “would like” to boost the company’s dividend. He didn’t give a timetable, although he said he hoped the action could be taken in the second quarter. He did not specify an amount.
Lululemon Athletica Inc. (LULU US): The biggest Canadian athletic-wear retailer raised its forecast for fourth-quarter profit to be at least 55 cents a share, topping analysts’ estimate of 50 cents on average. The company had seen earnings of no more than 48 cents in previous guidance.
Synnex Corp. (SNX US): The distributor of computer products reported fourth-quarter earnings from continuing operations was $1.04 a share, topping the 97-cent average estimate by analysts.
Zale Corp. (ZLC US): The third-largest U.S. jewelry chain said sales at stores open at least a year rose 8.5 percent over the holidays as shoppers bought more diamonds. Comparable-store sales rose 11.5 percent in November and 7.4 percent in December.
To contact the reporter on this story: Inyoung Hwang at email@example.com.
To contact the editor responsible for this story: Nick Baker at firstname.lastname@example.org.