Stocks to Watch: Apple, Smucker, Lululemon (Update 1)
NEW YORK -- Apple(AAPL) has moved to stop Samsung's sale of the Galaxy S III smartphone in the U.S.
Apple, the iPhone maker, has requested a court ban the sale of the phone. It accuses Samsung of infringing two Apple patents.
Samsung said it still plans to release the Galaxy S III in the U.S. on June 21.
Shares of Apple rose $3.59, or 0.63%, in premarket trading Thursday to $575.05.
J.M. Smucker (SJM) , the maker of jellies and jams, reported fourth-quarter net income Thursday of $104.1 million, or 93 cents a share, up from year-earlier earnings of $94.9 million, or 82 cents a share.
Adjusted profit rose to $1.10 a share from $1 a share.
Net sales for the fourth quarter were $1.36 billion.
On average, analysts expected earnings of $1 a share on sales of $1.36 billion.
For fiscal year 2013, the company anticipates that net sales will increase 7% and non-GAAP earnings will be between $5 and $5.10 a share. The earnings projection excludes a cost of 50 cents a share for special projects.
lululemon athletica(LULU) reported Thursday first-quarter earnings of $46.6 million, or 32 cents a share, up from year-earlier earnings of $33.4 million, or 23 cents a share. The athletic wear retailer posted first-quarter revenue of $285.7 million.
Analysts, on average, anticipated first-quarter earnings of 30 cents a share on revenue of $270.9 million.
Men's Wearhouse(MW) , the specialty retailer, on Wednesday forecast earnings of $2.70 to $2.78 a share for the full year, below analysts' expectation of $2.80 a share.
For the second quarter ending in July, Men's Wearhouse said it sees earnings of $1.12 to $1.13 a share vs. the current consensus view of $1.22 a share.
-- Written by Joseph Woelfel
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