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DAILY EARNINGS

Abercrombie & Fitch Net Surges; Foot Locker, Gap Net Decline


Author: Mukesh Buch
ticker.com
Last Update: 11:22 AM ET November 25 2015

12:30 AM New York Caleres third-quarter net increased 3% to $34 million. Deere & Co fourth-quarter net tumbled 46% to $351 million. Guess third-quarter net plummeted 40% to $12 million. TiVo third-quarter net declined 16% to $5 million.

Tollbooth Index gained 16.14 or 0.2% to 11,040.91.

Earnings Review

Caleres Inc (CAL), the footwear retailer said net sales in the third-quarter ending in October fell 0.1% from a year ago to $728.6 million.

Net income in the quarter increased 2.7% to $34 million or 78 cents per diluted share compared to $33.1 million or 75 cents per share from the same quarter last year.

Caleres forecasted net sales for the year of about $2.61 billion and earnings per share in the range of $1.95 to $2.

Deere & Company (DE), the forestry equipment and financial services provider reported net sales in the fourth-quarter ending in October declined 25% from a year ago to $6.72 billion.

Net income in the quarter tumbled 46% to $351.2 million or $1.08 per diluted share compared to $649 million or $1.83 per share from the same quarter last year.

For fiscal 2016, net income is estimated at $1.4 billion, equipment sales are expected to decline 11% in the first-quarter compared to a year ago period.

Guess, Inc (GES), the apparel and accessories retailer stated revenues sales in the third-quarter ending in October plunged 11.7% from a year ago to $521 million.

Net income in the quarter plummeted 40.4% to $12.4 million or 15 cents per diluted share compared to $20.8 million or 24 cents per share from the same quarter last year.

The company said retail revenues in America dropped 7% and wholesale revenues slumped 12%.

Revenues in the Europe declined 15% and retail revenues in Asia decreased 17%.

TiVo Inc (TIVO), the broadcasting equipment provider said total revenues in the third-quarter ending in October jumped 11.7% from a year ago to $132.3 million.

Net income in the quarter declined 15.9% to $5.3 million compared to $6.3 million and diluted earnings per share were flat at 6 cents from the same quarter last year.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc