6 NYSE Stocks Trending Lower: EXPR, YELP, CEL, PCS, KEG, GME

Traders at the NYSEExpress Inc. (NYSE:EXPR) is down 10.44% today at $15.14. EXPR has traded 3.9 million shares so far today, more than double its daily average. EXPR shares are falling right now after the company cut its full year profit outlook. The company has a market cap of 1.36 billion.

Yelp, Inc. (NYSE:YELP) is down 6.17% today at $17.83. YELP has traded 669 thousand shares so far today, slightly higher than its daily average of 659 thousand shares. YELP shares are down more than 20% over the past four days. The company has a market cap of 1.09 billion. [Read more...]

NYSE Stocks Falling Today: WFR, DANG, URI, P, GME, INVN

Traders at the NYSEMEMC Electronic Materials Inc. (NYSE:WFR) is down 19.48% today at $1.71. WFR has traded 12.9 million shares so far today, 5 million shares more than its daily average. WFR shares are down $0.50 a share over the past few days. MEMC’s CFO resigned on Wednesday. The company has a market cap of 390.08 million.

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E-Commerce China Dangdang Inc. (NYSE:DANG) is down 14.82% this morning at $6.38. DANG has traded 4 million shares so far today, above its daily average of 3.2 million shares. DANG shares beat EPS estimates by $0.04 for the first quarter, but missed on revenue and guidance. The company has a market cap of 523.13 million. [Read more...]

Dollar Tree (DLTR), Smucker’s (SJM), Gamestop (GME) Report Quarterly Results

Dollar Tree (NASDAQ:DLTR), which offers all products for under a dollar, said its third-quarter profit climbed 12% and surpassed Wall Street expectations on Thursday, as comparable sales continued to grow on year-earlier gains. Based out of Chesapeake, VA, the dollar discount chain reported net income of $104.5 million, or 87 cents a share, compared with $93.2 million, or 73 cents a share, in the same quarter last year.

Revenue for the three months ended Oct. 29 was $1.6 billion, up 11.9% from $1.43 billion a year ago, narrowly beating the Street’s view of $1.58 billion. The results were led by a 4.8% increase in comparable sales, or those at stores open longer than a year, on top of an 8.7% gain last year.

“Dollar Tree achieved double-digit growth in sales, operating margin and earnings per share against a very strong performance last year,” the company’s CEO, Bob Sasser, said in a statement.

Meanwhile, The J. M. Smucker Company (NYSE: SJM) today announced results for the second quarter ended October 31, 2011, of its 2012 fiscal year. Results for the quarter and six months ended October 31, 2011, include the operations of Rowland Coffee Roasters, Inc. since the completion of the acquisition on May 16, 2011. Smucker’s reported gross profit increased $4.0 million, or 1%, in the second quarter of 2012, compared to 2011, and increased $4.6 million. Net sales in the second quarter of 2012 increased $235.0 million, or 18 percent, compared to the second quarter of 2011

“We delivered record sales growth in the quarter including robust contributions from product innovation such as our K-Cups® and seasonal offerings. As we head into the key holiday period, our strong leading brands are trusted and remain well positioned to meet the varying needs of our consumers, including helping to bring their families together to share memorable meals and moments,” commented Richard Smucker, Chief Executive Officer. “Additionally, we are effectively managing this period of significant cost inflation, where our cost of goods sold increased approximately 30 percent for the quarter, yet, we posted gross profit growth. As always, our focus remains on effectively managing the balance between volume, market share, and profitability, while continuing to invest in our brands.”

Also reporting results was Gamestop Corporation (NYSE:GME). Gamestop reported reported $0.39 earnings per share for the quarter, meeting the Thomson Reuters consensus estimate of $0.39. The company’s quarterly revenue was up 2.5% on a year-over-year basis.

Gamestop reported total sales for the third quarter of 2011 were $1.95 billion, an increase of 2.5% compared to $1.90 billion in the prior year quarter. Total company comparable store sales were -0.6%, primarily impacted by lower than expected sales of new software. GameStop’s digital sales showed continued strength, increasing 59%, with console digital growing 63% and PC digital growing 51%. Pre-owned sales increased 3.1%.

“As we begin the fourth quarter, the strong sell-through of November new title releases indicates a good start to the holiday season. We know that GameStop’s buy-sell-trade value proposition and PowerUp Rewards™ program with 14.5 million members place us on the short list of preferred shopping destinations.”

DollarTree (DLTR) shares were trading at 75.56 at near noon trading. Smucker shares were trading at 72.92, and Gamestop (GME) shares were at 22.23. All were slightly down.

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