Monday, June 2, 2014

Morning Movers: Ascena Retail Surges 13% on Earnings Beat; Landec Plunges 13% on Big Disappointment

Stocks are set to open ever so slightly lower–and perhaps continue their four-day losing streak.

MARIA R. BASTONE/AFP/Getty Images

 S&P 500 futures have fallen 1.9 points to 1,690.60, while Dow Jones Industrial futures have dropped 6 points to 15,280.00.

Ascena Retail Group (ASNA) has gained 13% to $19.65 after the retailer reported a profit of 34 cents a share, trouncing analyst forecasts of 21 cents.

AAR Corp. (AIR) has dropped 5.6% to $28.25 after it said it earned 45 cents a share, in line with analyst estimates, but sales missed.

Landec (LNDC) has plunged 13% to $11.85 after it reported a profit of 18 cents a share, below forecasts for 23 cents.

Carnival (CCL) has dropped 4.2% to $33.10 after it was downgraded at Merrill Lynch and Morgan Stanley one day after losing 8% following disappointing earnings.

Autozone (AZO) has dropped 0.6% to $412 after the company reported a profit of $10.42 a share, beating analyst forecasts of $10.33.

 

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