Information provided by Theflyonthewall.com
Results were mixed among retailers reporting December same-store sales, with Ross Stores
) and TJX
) among those beating consensus and Limited
) one notable name that disappointed.
), in addition to having December same-store sales growth miss expectations, reported quarterly earnings and revenues below consensus and gave guidance below Wall Street's view, sending its shares down over 11%.
In addition to reporting December same-store sales up 5%, Gap
) made additional news with the approval of a $1 billion share buyback and the purchase of multi-brand specialty retailer Intermix for $130 million.
Increased December vehicle sales were also reported though out the morning, leading shares of both General Motors
) and Ford
) up about 3%.
Among the notable gainers were SunPower
), up 35% following an upgrade to "buy" at Lazard Capital, and Sonus Networks
), up 10% after Northland Securities said Verizon
) is adding more of Sonus' products on its wire-line side of its business.
Among the noteworthy losers were Allot Communications
), down 23% following a downgrade to "perform" at Oppenheimer, and Melanox
), down 13% after its Q4 revenue warning prompted at least three firms to cut their price targets on its stock.