Cyberonics Jumps On Earnings (BWS, CYBX, MOV, ZNGA, LVS)

Brown Shoe Company, Inc. (NYSE:BWS) stock climbed 3.90% to $16 after the company reported second-quarter net loss of $2.5 million or $0.06 per share, from $4.6 million, or $0.11 per share in the year ago quarter. Adjusted net earnings for the quarter were $6.8 million, or $0.16 per share, as compared to a loss of $2.7 million, or $0.06 per share, in the prior year. Net sales for the quarter were $599.3 million down from $620.6 million in the same quarter last year. Analysts expected the company to report earnings of $0.03per share on revenues of $606.31 million for the quarter.

Cyberonics, Inc. (NASDAQ:CYBX) shares climbed 9.07% to $49.44 after the company reported first-quarter net income of $8.07 million or $0.29 per share, as compared to $6.88 million or $0.24 per share in the same period last year. Net sales increased to $60.32 million from $52.66 million last year. Adjusted profit per share increased to $0.38 from $0.27 prior year. Analysts expected the company to report profit of $0.36 per share on revenue of $58.45 million for the quarter.

Movado Group, Inc (NYSE:MOV) shares jumped 14.78% to $34.56 after the company posted second-quarter net income of $8.06 million, or $0.32 per share, from $4.41 million, or $0.18 per share, in the fiscal 2012 second quarter. Net sales increased 4.2% to $118.0 million and rose 7.6% on a constant dollar basis compared with $113.2 million in the previous year. Analysts expected earnings per share of $0.18 for the quarter.

Zynga Inc (NASDAQ:ZNGA) stock increased 0.33% to $3.07. MURRAY FRANK LLP announced that it has filed a class action complaint in the United States District Court for the Northern District of California captioned Yan v. Zynga Inc. et al., 12 Civ. 4360. The lawsuit is filed on behalf of purchasers of securities of Zynga Inc. between December 16, 2011 and July 25, 2012, inclusive (the Class Period). The lawsuit alleges violations of the Securities Exchange Act of 1934 (the Exchange Act) that occurred when the Defendants issued materially false and misleading statements regarding the Company’s business and prospects.

Las Vegas Sands Corp. (NYSE:LVS) is currently the focus of several government investigations. This new case may spur a new probe. Las Vegas Sands Corp is Sands China Ltd.’s parent company. Sands China Ltd first-half profit fell 18.5% to HK$3.41 billion. No interim dividend is declared.

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