Dell Inc. (DELL) came in as one of the hot stocks today, by edging down 1.75%, or $0.22, to close at $12.34, in the regular trading session, ahead of the company’s earnings report. Volume was 29.21 million shares, higher than the average daily volume of 16.49 million shares. DELL stock price continued to lose 4.38% in the after-hours trading session after the global information technology giant reported non-GAAP EPS of $0.50 per share, below last year same period’s earnings of $0.54 per share. Analysts on average had estimated the company’s earnings of $0.45 per share for this quarter. Dell expects the full year adjusted earnings of $1.70 per share, missing the average analyst expectation of $1.91 per share.
Best Buy Co., Inc. (BBY), one of the hot stocks today, was down 1.38%, or 0.25, to finish at $17.91. Volume was 42.31 million shares, more than four times the average daily volume of 10.16 million shares. The consumer-electronics retailer reported its fiscal second quarter profit of $12 million, or $0.04 per share, down 91% from a year ago’s $128 million, or $0.34 per share. Revenue was $10.55 billion, down 2.8% from a year earlier. Analysts had averagely estimated the electronics retail stores operator would post earnings of $0.31 per share on revenue of $10.63 billion.
Dex One Corporation (DEXO) surged 31.45%, or $0.39, to end at $1.63. Volume was magnified from the daily average of 173,780 shares to 7.51 million shares. The big gain was on the back of that the marketing services company and SuperMedia Inc. would combine into a new company engaged in social, local and mobile marketing solutions through direct relationships with local businesses, in a stock-for-stock merger of equals.
Skechers USA Inc (SKX) moved up 9.75%, or $1.90, to close at $21.39. Volume was 2.23 million shares, more than triple the average daily volume of 671,636 shares. The footwear manufacturer and marketer announced a victory in a patent lawsuit filed against it in the United States District Court for the Central District of California last week.
Williams-Sonoma, Inc. (WSM) was up 2.41%, or $0.90, to report at $38.23. Volume was 3.44 million shares, triple the daily average of 1.13 million shares, making it one of the hot stocks today. WSM shares rose more than 9% in the after-hours trading session, after the company said its second-quarter earnings of $43.4 million, or $0.43 per share, up 10% from $39.3 million, or $0.37 per share in the same period of the prior year. The company grew its quarterly revenue to $874.3 million, up 7% from $814.8 million a year earlier. Analysts had averagely estimated the home furnishings company would post EPS of $0.41 on revenue of $864.2 million.