Thursday’s biggest gaining and declining stocks

Palm Beach, FL 7/5/12 (StreetBeat) – Shares of the following companies made notable moves Thursday in U.S. premarket trade:

Advancers

International Speedway ISCA +2.67% was up 5% after posting jumps in both revenue and profit for its second quarter

Netflix NFLX +11.19% rose 7%, building on gains made in Tuesday’s holiday-shortened session.

OraSure Technologies Inc. OSUR +11.57% rose 7%, extending recent gains that came after the Food and Drug Administration approved the company’s over-the-counter HIV testing kit.

Ross Stores ROST +6.97% gained almost 6% after the retailer posted June same-store sales that topped analyst estimates.

Victoria’s Secret parent Limited Brands Inc. LTD +7.07% gained 5% after it said same-store sales rose 7%, well ahead of the 2.4% increase Wall Street was expecting.

SXC Health Solutions Corp. SXCI +1.88% rose 6%. Credit Suisse reiterated its outperform rating on the health-care firm and said the next major catalyst for the company will be forecasts accompanying second-quarter results.

Decliners

Ambow Education Holding Ltd. AMBO -11.21% fell 9% after the company said late Wednesday it swung to an adjusted first-quarter loss of 14 cents a share, compared with adjusted profit of 4 cents a share in the year-ago period.

Buckle BKE -5.55% was off 5% after reporting drops in both same-store and total sales last month.

Cato Corp. CATO -9.81% was off 6% after it posted a 10% slump in June same-store sales.

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Cato (NYSE: CATO) June same-store sales down 10 percent

Northern, WI 7/5/12 (StreetBeat) – The Cato Corp. (NYSE: CATO) said Thursday that sales at stores open at least a year fell 10 percent in June, driven by bad weather and continued economic uncertainty.

That was well below what Wall Street expected. Analysts polled by FactSet forecast flat same-store sales. The metric is an important one for retailers because it measures sales at existing stores rather than newly opened ones.

Aside from May's results, boosted by a comparison to weakness last year, Cato's same-store sales have fallen every month since last April.

Total sales during the month were down 7 percent to $83.7 million.

Cato expects skittish consumers to hurt results for the rest of the year. It now expects to hit the low end of its previous earnings outlook in the second quarter, between 53 to 57 cents per share. That's 7 to 13 percent lower than the second quarter of last year.

Cato operates clothing and accessories stores under the Cato, Versona and It's Fashion names.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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