Nordstrom stands out; Party City flops; El Pollo Loco plunges
Time for your daily dose of trending tickers, the stocks you're following based on your Yahoo Finance ticker searches.
Party City
Investors bailed out of Party City (PRTY). The stock fell after second quarter earnings results. The party supplies company posted profit of $0.12 a share, which were in-line with estimates. But missed on revenue expectations. Party City's CEO James M. Harrison said a earlier Easter holiday hurt its second quarter traffic.
El Pollo Loco
El Pollo Loco (LOCO) plummeted in early session. The restaurant chain's adjusted quarterly profit beat by a penny at $0.19 a share but missed revenue expectations. Same-store sales also fell short of estimates, up 1.3% compared to estimates for 3.2%. Mexican-style chicken chain said it's confident about the rest of the year, thanks to an expanded menu, despite lowering sales projection for the year. El Pollo Loco surged nearly 60% at its IPO.
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Nordstrom
Nordstrom (JWN) rose after posting a stronger-than-expected second quarter results. The retailer posted profit of $1.09 a share versus the consensus for $0.90 a share. Sales rose 4.6% from the prior year. Nordstrom also tweaked its sales growth outlook. The retailer is standing apart from other department stores like Macy's (M), which reported disappointing earnings results. Nordstrom saw big gains from its recent investments in Canada and new online ventures like Nordstromrack.com and Hautelook.