Company News for December 02, 2011 - Corporate Summary

By Zacks Equity Research,

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•    Lululemon (NASDAQ: LULU ) posted Q3 EPS of $0.27, above the Zacks Consensus Estimate of $0.25 per share. Revenues for the quarter gained 31% year-over-year and came in at $230.20 million

•    Zumiez (NASDAQ: ZUMZ ) reported Q3 EPS of $0.45, higher than the Zacks Consensus Estimate of $0.41 per share. Revenues for the quarter rose 13.3% year-over-year to $154.0 million

•    Apparel retailer Charming Shoppes Inc.'s (NASDAQ: CHRS ) shares increased 9.02% after the company announced its decision to sell its Fashion Bug operations and is also conducting a strategic review of the company

•    Sprint Nextel Corp. (NYSE: S ) said it will pay up to $1.6 billion to Clearwire Corp (NASDAQ: CLWR ) in the coming four years and will use the data network created by the wireless carrier. Following this development, shares of Clearwire Corporation gained 14.04% per share to close at $2.03

•    Share prices of clothing retailer Coldwater Creek Inc. (NASDAQ: CWTR ) advanced 6.96% after the company posted better-than-expected revenues for the third-quarter

•    Software developer Synopsys Inc. (NASDAQ: SNPS ) acquired chip design company Magma Design Automation Inc. (NASDAQ: LAVA ) for $7.35 per share

•    La-Z-Boy Inc.'s (NYSE: LZB ) share prices gained 16.87% to $11.57 after the retailer's second quarter earnings results topped expectations

•    Share prices of shipping company Scorpio Tankers Inc. (NYSE: STNG ) declined 19.67% after it offered to sell 7 million shares at $5.50 a share

•    Freight logistics company UTI Worldwide Inc.'s (NASDAQ: UTIW ) shares declined more than 13% after the company's third-quarter sales came in below of expectations

CHARMING SHOPPE ( CHRS ): Free Stock Analysis Report
CLEARWIRE CORP ( CLWR ): Free Stock Analysis Report
COLDWATER CREEK ( CWTR ): Free Stock Analysis Report
MAGMA DESIGN ( LAVA ): Free Stock Analysis Report
LULULEMON ATHLT ( LULU ): Free Stock Analysis Report
SPRINT NEXTEL (S): Free Stock Analysis Report
SYNOPSYS INC (SNPS): Free Stock Analysis Report
SCORPIO TANKERS (STNG): Free Stock Analysis Report
UTI WORLDWIDE (UTIW): Free Stock Analysis Report
ZUMIEZ INC (ZUMZ): Free Stock Analysis Report
Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Business , Investing Ideas , Stocks
Referenced Stocks: CHRS , CLWR , CWTR , LAVA , LULU

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