After closing 5.44% higher, Walt Disney Co. (NYSE:DIS) continues to edge higher in late market trading. The media and theme-park giant announced it is raising its annual dividend by 50% to 60 cents per share, compared to 40 cents per share. The dividend boost will cost the company an extra $360 million a year.
Shares of Guess? Inc. (NYSE:GES) are down .43% after reporting third quarter earnings. Net income for the company decreased to $66.3 million (71 cents per share), compared to $69.1 million (75 cents per share) a year earlier. This is a decline of 4% from the year earlier quarter. Competitors include: Liz Claiborne, Inc. (NYSE:LIZ), Express, Inc. (NYSE:EXPR), and The Talbots, Inc. (NYSE:TLB).
Krispy Kreme Doughnuts Inc. (NYSE:KKD) is trading more than 2% lower after the closing bell, despite reporting earnings above expectations. Net income for Krispy Kreme Doughnuts Inc. rose to $4.7 million (7 cents per share), compared to $2.4 million (3 cents per share) in the same quarter a year earlier. This marks a rise of 97.4% from the year earlier quarter.
Shares of Aeropostale Inc. (NYSE:ARO) are falling .84% after reporting third quarter results. Net income for the clothing retailer fell 58.8% to $24.1 million (30 cents per share), compared to $58.5 million (63 cents per share) last year. Thomas P. Johnson, Chief Executive Officer, commented, “We are making incremental progress on our strategic initiatives by bringing more color and fashion to our merchandise assortment, managing our inventories appropriately and controlling our expenses carefully. However, we are not satisfied with our overall performance, and we remain cautious in our outlook.” Competitors include: Abercrombie & Fitch Co. (NYSE:ANF), American Eagle Outfitters (NYSE:AEO), and The Gap Inc. (NYSE:GPS).
Coldwater Creek (NASDAQ:CWTR) shares are surging 11% higher after posting its sixth consecutive quarterly net loss. The company reported a third quarter loss of $29.2 million (31 cents per share), compared to a loss of $10.9 million last year. Analysts were expecting a loss of 33 cents per share for the quarter.