What’s Moving These Hot Stocks Tuesday?
Benihana Inc. (NASDAQ:BNHN): Benihana shares exited a trading halt and rose 21.3 percent in premarket trading thanks to a go-private offer from Angelo, Gordon & Co. After P.F. Chang’s China Bistro successful jump to become a private company earlier this month, many similarly-sized restaurant sector names could be on watch. Shares of Benihana Inc. are trading 21.05% higher today.
Express, Inc. (NYSE:EXPR): Express’ stock tanked 22.1 percent premarket after the company reported a lackluster first quarter report with a gloomy outlook for the second quarter. Sales growth is slipping at the company as it incurred extra costs related to a change in location plans for its flagship NYC store. Shares of Express, Inc. are trading 25.34% lower today.
DSW Inc. (NYSE:DSW): DSW’s first quarter earnings per share of $0.98 beat estimates by $0.08 while its $559 million revenue, a 10.8 percent rise year over year, exceeded estimates by $21 million. Shares of DSW Inc. are trading 9% higher today.
Best Buy Co., Inc. (NYSE:BBY): Best Buy’s fiscal first quarter numbers got some help from a favorable tax rate of 30.6 percent as compared to its previous 34.6 percent. A strong free cash flow number was whittled down by a large rise in accounts payable to $1.2 billion, up from the previous year’s $561 million. Shares of Best Buy Co., Inc. are trading 2.86% higher today.
A Closer Look: Best Buy Earnings Cheat Sheet>>
Medtronic, Inc. (NYSE:MDT): Medtronic’s fourth quarter net profit rise to $991 million, up from $776 million. This came from growth across its businesses and geographies – notably in emerging markets – and strong product launches. For its guidance, Medtronics sees its fiscal year 2013 revenue growing 2 percent to 4 percent and earnings per share of $3.62 to $3.70 vs. consensus of $3.66. Shares of Medtronic, Inc. are trading 1.09% higher today.
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