Diamonds and Dogs
4/16/13
Pep Boys- Manny, Moe & Jack (PBY)Pep Boys "does everything for less;" including trading its shares which are down 5.69% at $10.61. The automotive repair and maintenance company saw its shares fall after releasing its fourth-quarter earnings. For the quarter, Pep Boys announced a loss of $14.5 million, or $0.27 per share, compared to a loss of $4.4 million for the first quarter of last year. Management said the fourth-quarter was down due to a pension related charge. The quarter had a $17.8 million pension settlement charge, a $1.8 million asset impairment charge, and a $1.6 million gain from the disposition of assets. Pep Boys is still trading above its 52-week low of $8.31.
W.W. Grainger Inc. (WWG)
W.W. Grainger is trading in the green today, up 7.01% at $241.53. The business supplies, maintenance, and repair company saw its shares spike on a positive earnings report. W.W. Grainger earned $211.8 million, or $2.94 per share, for the three months ended March 31. For the same quarter last year, the company earned $187.5 million, or $2.57 per share. Analysts predicted earnings of $2.73 per share. The positive quarter lead management to increase their full year forecast. The Chicago company said that it now anticipates full-year earnings of $11.30 to $12 per share, up from $10.85 to $12 per share. W.W. Grainger set a new 52-week high of $245.46 (intraday).
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