Today's Big Gainers: DCI, SRZ, TSL, NWY Thursday, November 19, 2:49 PM ET
Filtration systems company Donaldson (NYSE:DCI) posted quarterly earnings of 44 cents per share, beating expectations, and boosted its outlook for the year. The company's end markets improved, and sales were up from the prior quarter. Shares gained more than 7 and a half percent in early trading Thursday.
Sunrise Senior Living (NYSE:SRZ) announced it completed the sale of 21 assisted living communities to an affiliate of Brookdale Senior Living (NYSE:BKD), for 204 million dollars. Net of mortgage debt and other expenses, Sunrise received 60 million dollars in net proceeds from the sale and expects to record a 50 million dollar gain. Shares of Sunrise advanced more than 16 and a half percent.
Solar photovoltaic products manufacturer Trina Solar (NYSE:TSL) reported third quarter earnings of a dollar 29 per diluted American Depositary Share, up from a dollar 17 in the same quarter last year. Net revenue fell just over 14% year over year, but surged 66 and a half percent quarter over quarter. Shipment volumes and gross margin both exceeded prior guidance. Shares were up about 4% early Thursday.
And retailer New York & Company (NYSE:NWY) reported a third quarter loss of 11 cents per share, which compares to a 13 cent loss in the same quarter last year. Comparable store sales fell 8.4%, but showed a sequential improvement from the prior quarter. The company said the month of October showed the best monthly sales comparisons in over a year. Investors were encouraged by the report, and sent shares soaring more than 17 and a half percent.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.