SAN FRANCISCO (MarketWatch) -- Xilinx Inc. shares topped Wednesday
evening's actives list after the company lifted its sales outlook, while
American Eagle Outfitters shares surged after the retailer's monthly sales
figures surpassed expectations.
The Nasdaq-100 After Hours Indicator, which tracks the evening session of
the index's leading shares, was last up 1.18 points to 1,695.75.
Xilinx shares climbed more than 5% to $28.46. The semiconductor company
said it now expects third-quarter sales growth of 11% to 13% sequentially,
compared with its previous forecast of 4% to 8%.
Altera Corp. shares rose 3% to $19.80 in sympathy.
American Eagle Outfitters jumped almost 7% to $24.31, among the evening
session's top-five most active stocks, according to iNet Data Services.
The teen-apparel retailer turned in a 9.8% increase in December sales at
stores open longer than a year, soundly beating the 2.9% average view among
analysts surveyed by Thomson First Call.
Aeropostale Inc. gained almost 5% to $29.17. The clothing-store operator
said same-store sales rose 11.4%, and the company boosted its fourth-quarter
earnings forecast to 71 cents to 73 cents a share, vs. its prior view of 55
cents to 61 cents a share.
Analysts, on average, had been expecting earnings of 59 cents a share.
Hot Topic shares dropped 7% to $13.05 after the retailer said same-store
sales fell by 6.2%, more than double the 3% drop that analysts expected. The
company now expects fourth-quarter net income to be 21 cents to 24 cents a
share, down from previous forecasts of 30 cents to 38 cents a share.
Sonic Corp. shares activated after the company reported first-quarter net
earnings of $16.4 million, or 27 cents a share, up 8.7% from an adjusted $15.1
million, or 24 cents a share, in the year-ago period.
Revenue at the restaurant chain rose to $159.8 million from $142.2
million. Analysts had estimated earnings of 27 cents a share on revenue of
$162 million.
The shares tacked on 7 cents to $29.40.
Men's Wearhouse Inc. shares advanced almost 6% to $30.85 after the
retailer said its sales at U.S. stores open at least one year rose 8.1% in
December. Analysts, on average, were expecting it to post a same-store sales
gain of 3.5%.
The Houston-based retailer also said it expects to exceed the upper end of
its prior fourth-quarter earnings forecast of 48 cents a share.
Jasmina Kelemen is a MarketWatch reporter based in San Francisco.
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no responsibility for inaccurate information and reserve the right to update
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SOURCE Thomson Financial Corporate Group
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