G&K Services Inc (NASDAQ:GKSR) reported fourth
quarter net income of $11.19 million, r $0.59 per diluted share, as compared to
net income of $7.55 million, or $0.41 per diluted share, in the corresponding
quarter in the previous year. Total revenues increased to $224.34 million from
$214.04 million reported foir the year-ago quarter. Analysts expected the
company to report earnings of $0.55 per share on revenues of $21.85 million for
the quarter.
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The Bon-Ton Stores, Inc. (NASDAQ:BONT) shares rose 1.22%
to $7.45, off session low of $6.82 after the company’s fiscal second-quarter
loss widened, due in part to debt-retirement charges, as the company's revenue
decline, though same-store sales showed minor improvement.
The company’s second-quarter loss widened to $45
million, or $2.43 per share, from $32.3 million, or $1.78 per share, a year
earlier. Sales decreased marginally to $594.9 million.
Additionally, the company also lowered its per-share
guidance for fiscal 2012, saying its bottom-line will range from a loss of
$1.35 to a profit of $0.20 a share.
Electronic Arts Inc. (NASDAQ:EA) stock jumped 8.56%
to $14.21 after the New York Post reported that Electronic Arts is exploring a
sale as the company struggles to grow its business amid competition from free
online gaming sites. While the discussions are at an early stage, the company
is said to be approached by private-equity giants KKR and Providence Equity
Partners about a potential transaction.
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LSI Industries, Inc. (NASDAQ:LYTS) posted fourth
quarter net income of $1.51 million or $0.06 per share, as compared to $1.50
million or $0.06 per share in the year ago quarter. Analysts expected the
company to report earnings of $0.10 per share for the quarter. Net sales were
$71.20 million, a decrease of 4% as compared to last year's net sales of $74.22
million.
Additionally, the company said its Board of
Directors declared a regular quarterly cash dividend of $0.06 per share payable
September 4, 2012 to shareholders of record as of August 28, 2012. The
indicated annual cash dividend rate for fiscal 2012 is $0.24 per share.
Children's Place Retail Stores, Inc. (NASDAQ:PLCE)
shares gained 7.72% to $55.55 after the company reported second-quarter GAAP
net loss of $18.0 million or $0.74 per share, as compared to a net loss of $9.8
million, or $0.38 per share in the same quarter last year. Adjusted net loss
for the latest-quarter was $15.1 million, or $0.62 per share. Net sales
increased 5% to $360.8 million from $343.5 million in the second quarter of
2011. Analysts expected the company to report a loss of $0.66 per share on
revenues of $353.26 million for the quarter.
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