EdgeWater 12/4/2010 3:04:48 AM
News / Stocks

Mid Day Stock Alerts (QLIK, TOO, ULTA, BIG)

Mid Day Stock Alerts

Qlik Technologies Inc (NASDAQ:QLIK) fell 2.15% to $22.85 after it said the minimum size of the planned stock sale by current holders has been boosted 15% as the deal priced at a 1.5% discount to Thursday's closing price.

Teekay Offshore Partners L.P. (NYSE:TOO) slid 4.77% to $27.72 after it said its planned sale of at least 5.6 million units priced at a 4.4% discount to Thursday's closing price.

Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ:ULTA)   declined 3.25% to $34.56 after its fiscal third-quarter earnings climbed 68%, as the beauty-products retailer beat its upbeat guidance across the board. But Wells Fargo cut its stock-investment rating to market perform from outperform, noting that next year comparisons are tougher, margin improvement could be more modest and the magnitude of earnings beats could moderate, pressuring any further multiple expansion.

Big Lots, Inc. (NYSE:BIG) fell 5.40% to $29.41 after its fiscal third-quarter earnings fell 42% following a prior-year divestiture gain as the discount retailer's sales increased and operating costs climbed. Profit just missed expectations and the company, which helps manufacturers clear their warehouses of discounted and overproduced goods, cut its fourth-quarter earnings target.

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