Barnes & Noble
Barnes & Noble lost less money than expected in its first quarter. Promotions and new products drove up traffic at the bookseller. But sales still declines at Barnes & Noble, with revenue coming in below expectations. Despite that, investors were pleased with the better than expected performance. Shares rose about three percent to $24.09.
Burlington Stores also reported a loss that was much less than expected. The off-price clothing retailer posted revenue that topped estimates and it upped its outlook for the year as its sales continue to rise. That pushed shares up three percent to $37.18.
American Airlines said its traffic was flat in August compared to a year ago and its load factor, or the percentage of seats it filled also fell. Shares slipped to $37.96.
Disney, Sony & DreamWorks
Disney, Sony and DreamWorks are being accused in a federal lawsuit of conspiring to suppress wages in the special effects and animation business. The suit alleges that the companies agreed not to poach employees from one another and outbid pay offers. All three companies were down today with DreamWorks falling the most, down 3.5 percent.
Royal Caribbean upped its quarterly dividend. The new payout is 30 cents a share, up from 25 cents. That will be payable to shareholders in October. Despite the news, shares fell a fraction to $66.07.