Csrnewsdaily.com Issues Investment Alert On (NASDAQ:LQDT), (NYSE:KSS), (NYSE:TIF), (NYSE:LZB), (NASDAQ:CERP)
Liquidity Services (NASDAQ:LQDT) shares fell 17.91% to $35.90 in the early hour after the company posted fourth quarter income of $5.5 million, or 17 cents a share, up from $3.1 million, or 10 cents a share, a year ago. Adjusted earnings rose to 40 cents from 14 cents a share. The company in July predicted adjusted earnings of 35 cents to 38 cents. Revenue rose 54% to $122.3 million, above expectations of $115 million.
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Kohl's Corporation(NYSE:KSS) shares fell 8.80% to $46.65 after the company reported that for the four-week month ended November 24, 2012 total sales decreased 4.9% and comparable store sales decreased 5.6% from the four-week month ended November 26, 2011. Year to date, total sales increased 0.4% and comparable store sales decreased 1.1%.
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Tiffany & Co.(NYSE:TIF) stock declined 6.83% to $59.38 after the company posted a third quarter profit of $63.2 million, or 49 cents a share, versus $89.7 million, or 70 cents a share, a year earlier. Sales rose 3.8% or 5% excluding currency impacts--to $853 million. Analysts expected earnings of 63 cents a share on revenue of $859 million.
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La-Z-Boy Incorporated(NYSE:LZB) shares dropped 11.50% to $14.31 in the early hour after the company reported second quarter earnings of $6.6 million, or 12 cents a share, down from $7.9 million, or 15 cents a share, a year earlier. Revenue grew 8% to $332.3 million. Analysts had projected earnings of 20 cents on revenue of $325 million.
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Cereplast (NASDAQ:CERP) shares fell 3.66% to $0.0843. The company announced its financial results for the third quarter ended September 30, 2012. Net sales for the three months ended September 30, 2012 were approximately $477,000, compared to $5.4 million for the same period in 2011. Other income and expense, net for the three months ended September 30, 2012 was approximately 3.0 million, compared to $0.5 million for the same period in 2011.
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