Sunday, August 26, 2012

Friday’s biggest gaining and declining stocks

Aruba Networks, Autodesk, Eli Lilly, Shoe Carnival

Portfolio Relevance
By MarketWatch
CHICAGO (MarketWatch) — Here are some of Friday’s biggest gaining and declining stocks:


Shares of Aruba Networks Inc. ARUN +14.42%  rallied 14%. The Wi-Fi-equipment maker swung to a loss in its fourth fiscal quarter due to a year-earlier tax benefit of $72.8 million but generated strong revenue growth.

Then–New York Knicks guard Jeremy Lin during his breakout 2011-12 season. Lin has joined the Houston Rockets.
Black Hills Corp. BKH +7.77%  shares rose 7.8% after Gabelli upgraded the company’s stock from a hold to a buy rating.
Madison Square Garden Co. sharesMSG +2.88%  rose 2.9%. Early Friday, the company posted fourth-quarter earnings that beat Wall Street estimates. The firm benefited from playoff appearances by hockey’s New York Rangers and the New York Knicks basketball team.
Micros Systems Inc. shares MCRS +7.01% rose 7%. Late Thursday, the company reported double-digit increases in profit and revenue in its fiscal fourth quarter.
QEP Resources QEP +5.96%  added 6% Friday after the company said it would buy acreage in the Bakken shale for $1.4 billion.
Supervalu shares SVU +10.85%  rose 11%. A Bloomberg News report said that supermarket operator has asked suitors bidding on parts of its business to make offers for the entire company.


Design software maker Autodesk Inc.’s shares ADSK -15.63%  fell 16%. The company’s second-quarter profit fell 9.3%, and Autodesk said late Thursday that it plans to reduce employees in a restructuring effort to address a shift to cloud and mobile computing. Revenue missed Autodesk’s expectations, and the company lowered its top-line forecast for the full fiscal year.
Callaway Golf Co. ELY -6.60%  shares fell 6.6% after the company announced that it had entered into separate, privately-negotiated exchange agreements under which it will issue $63 million in new 3.75% convertible senior notes due 2019.
Shares of Shoe Carnival Inc. SCVL -7.42%  fell 7.4%. The company reported a profit of 14 cents a share for its second quarter ended July 28, flat with the year-earlier period but topping management’s earnings forecast, as sales rose 9% to $182.2 million and as comparable-store sales increased 3%. The retailer also issued a forecast for its seasonally strong third quarter, pegging earnings in a range of 55 cents to 60 cents a share, which would be up from 52 cents a share a year ago.
Zumiez ZUMZ -5.77%  shares fell 5.8% following the resignation of Marc Stolzman, the retailer’s chief financial officer and corporate secretary. 

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