TradingMarkets Winners & Losers
Here are some of this morning’s market
movers:
Clothing retailer Gap
Inc.
(
GPS |
Quote |
Chart |
News |
PowerRating) reported sales results for the five-week period ended
July 1, 2006, saying that its same-store sales fell 6%, a larger drop than Wall
Street predicted (full
story).
J.C. Penney Co.,
Inc.
(
JCP |
Quote |
Chart |
News |
PowerRating) said June sales at stores open at least one year, a gauge called
same-store sales, improved 4.3%. The company also guided its July same-store
sales and boosted its second quarter and full-year earnings outlooks (full
story).
American Eagle
Outfitters Inc.
(
AEOS |
Quote |
Chart |
News |
PowerRating), a Warrendale, Pennsylvania-based apparel
retailer, reported a strong increase in June comparable sales and total net
sales. Further, based on the improved results, the company lifted its second
quarter earnings outlook, which is in line with or above Street analysts’
consensus (full
story).
Limited Brands Inc.
(
LTD |
Quote |
Chart |
News |
PowerRating), a Columbus, Ohio-based specialty retailer, reported that the
company’s June comparable store sales increased 3%. Further, net sales for the
period rose 5% to $1.08 billion from $1.02 billion last year (full
story).
The Wet Seal, Inc.
(
WTSLA |
Quote |
Chart |
News |
PowerRating), a specialty retailer to young women, reported that comparable
store sales declined 4.0% for the five-week period ended July 1, 2006, compared
to a 59.3% increase for the same period a year ago (full
story).
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