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DAILY EARNINGS

Accenture, GameStop, Mosaic, Red Hat Net Jump


Author: Mukesh Buch
ticker.com
Last Update: 11:15 AM ET March 28 2013

10:45 AM New York Accenture second quarter net surged 67% to $1.19 billion. GameStop fourth quarter net soared 50% to $261.1 million. Paychex third quarter net climbed 7% to $144.5 million. Red Hat fourth quarter net jumped 19% to $43 million. Mosaic third quarter net soared 26% to $344.6 million.

Earnings Review

Accenture plc (ACN), the Ireland based consulting service provider said revenue in the second quarter ending in February rose 4% to $7.49 billion. Net income in the quarter surged 67% to $1.19 billion or $1.65 a diluted share compared to $714.2 million or 97 cents.

The company said new bookings in the quarter were $9.1 billion with record consulting bookings of $4.4 billion and outsourcing bookings of $4.7 billion and operating income for the quarter increased to $1.16 billion.

GameStop Corp. (GME), the video game retailer stated total sales in the fourth quarter ending on February 2 were nearly flat at $3.56 billion. Consolidated comparable store sales in the quarter declined 4.6%.

Net income in the quarter surged 49.5% to $261.1 million or $2.15 a diluted share compared to $174.7 million or $1.27.

The retailer lowered outlook for the first quarter and fiscal 2013 and expects total sales for the first quarter to decline between 8% and 6% and diluted earnings per share in the range of 38 cents to 43 cents.

For the year total sales for the first quarter to drop between 8% and break even and diluted earnings per share in the range of $2.75 to $3.15.

Five Below, Inc (FIVE), the discount retailer said reported net sales in the fourth quarter ending on February 2 soared 38% to $173.6 million. Comparable store sales in the quarter rose 4.4%.

Net income in the quarter jumped 55% to $19.2 million or 35 cents a diluted share compared to $12.4 million or 17 cents.

The company added operating income in the quarter soared 64% to $33 million.

For the first quarter, the discount retailer lowered its outlook and expects net sales in the range of $92 million to $94 million and net income between $0.2 million and $0.8 million and GAAP basis diluted earnings per common share between break even share and 1 cent.

H.B. Fuller Company (FUL), the paint maker stated net revenue in the first quarter ending on March 2 climbed 39% to $479.8 million. Net income in the quarter jumped 36% to $20.8 million or 42 cents a diluted share compared to $15.3 million or 31 cents.

The company stated gross profit in the quarter jumped 30% to $133.4 million.

Paychex, Inc. (PAYX), the business service provider reported revenue in the third quarter ending on February 28 rose 4% to $593.3 million. Net income in the quarter increased 7% to $144.5 million or 40 cents a diluted share compared to $135.4 million or 37 cents.

PVH Corporation (PVH), the sportswear and footwear maker reported revenue in the fourth quarter ending on February 3 advanced 7% to $1.64 billion. Net income in the quarter soared 123% to $80.7 million or $1.09 a diluted share compared to $35.5 million or 48 cents.

Red Hat, Inc. (RHT), the software company stated revenue in the fourth quarter ending on February 28 climbed 17% to $348 million. Net income in the quarter jumped 19% to $43 million or 22 cents a diluted share compared to $36 million or 18 cents.

Steelcase Inc. (SCS), the furniture maker reported revenue in the fourth quarter ending on February 22 advanced 5% to $721.4 million. In the quarter net loss swung to $27.5 million or 22 cents a diluted share compared to net income of $15 million or 11 cents.

For the first quarter, the Steelcase expects revenue between $680 and $705 million and diluted earnings per share in the range of 9 cents to 13 cents.

Synnex Corporation (SNX), the business service provider said revenue in the first quarter ending on February 28 was flat at $2.46 billion. Net income in the quarter plunged 13% to $33.4 million or 88 cents a diluted share compared to $38.2 million or $1.02.

The Synnex expects second quarter revenue in the range of $2.43 billion to $2.53 billion and net income between $29.8 million and $31 million and diluted earnings per share in the range of 78 cents to 82 cents.

Signet Jewelers Limited (SIG), the Bermuda based jewelry retailer said net sales in the fourth quarter ending on February 2 jumped 12% to $1.51 billion. Same store sales in the quarter increased 3.3%.

Net income in the quarter climbed to $171.8 million or $2.12 a diluted share compared to $156.6 million or $1.79.

The Finish Line, Inc (FINL), the mall-based specialty retailer stated total sales in the fourth quarter ending on March 2 slid 3% to $442.7 million. Comparable store sales in the quarter rose 0.7%.

Net income in the quarter surged 49.5% to $34.3 million or 69 cents a diluted share compared to $41.9 million or 80 cents.

Texas Industries, Inc. (TXI), the construction materials supplier said net sales in the third quarter ending on February 28 jumped 16% to $141.4 million. Net loss in the quarter narrowed to $5.81 million or 21 cents a diluted share compared to $24.3 million or 87 cents.

The Mosaic Company (MOS), the chemical producer stated revenue in the third quarter ending on February 28 increased 2% to $2.24 billion. Net income in the quarter soared 26% to $344.6 million or 81 cents a diluted share compared to $373.3 million or 64 cents.

Verint Systems Inc (VRNT), the software company reported net sales in the fourth quarter ending in January advanced 8% to $229 million. Net income in the quarter surged 68% to $21.9 million or 50 cents a diluted share compared to $13 million or 34 cents.

The company added gross profit in the quarter rose 13% to 156.5 million.
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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