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Zacks #1 Stocks on the Move 05/21/2013
| Company Name | Symbol | %Change |
|---|---|---|
| SCIENTIFIC L | SCIL | 8.00% |
| NATUS MEDICA | BABY | 6.11% |
| SUMMER INFAN | SUMR | 6.02% |
| RADIANT LOGI | RLGT | 5.32% |
| NEW ORIENTAL | EDU | 4.51% |
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Severe austerity measures taken by European governments to combat the debt crisis resulted in reduced spending of the consumers, which was offset by a slight improvement of sales in North American. Operating margin shrank owing to higher SG&A as well as promotional activities. Same store sales also declined in the quarter.
A weaker Euro and lower orders in the European region are expected to keep revenue at lower levels. Cotton cost and SG&A is also expected to remain at high levels in the coming quarter crippling margins of the company.
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