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DAILY EARNINGS

Accenture, PVH Net Surge; Scholastic Net Loss Narrows


Author: Mukesh Buch
ticker.com
Last Update: 7:35 AM ET March 24 2016

12:00 PM New York Accenture second-quarter net surged 88% to $1.3 billion. Finish Line fourth-quarter net tumbled 90% to $4 million. PVH fourth-quarter net surged 161% to $134 million. Scholastic third-quarter net loss narrowed to $9 million.

Tollbooth Index fell 32.26 or 0.3% to 10,591.72.

Earnings Review

Accenture Plc (ACN), the Ireland-based technology and outsourcing services provider reported net revenues in the second-quarter ending in February soared 6% from a year ago to $7.9 billion.

Net income in the quarter surged 88.1% to $1.3 billion or $2.08 per diluted share compared to $690.7 million or $1.08 per share from the same quarter last year.

Discovery Laboratories, Inc (DSCO), the specialty biotechnology company said total revenues in the fourth-quarter ending in December declined 41.7% from a year ago to $0.7 million.

Net loss in the quarter narrowed to $10.1 million or $1.26 per diluted share compared to $10.6 million or $2.10 per share from the same quarter last year.

The Finish Line, Inc (FINL), the specialty retailer reported net sales in the fourth-quarter ending on February 27 jumped 5.2% from a year ago to $580.3 million.

Net income in the quarter tumbled 90.2% to $4 million or 9 cents per diluted share compared to $40.8 million or 87 cents per share from the same quarter last year.

Finish Line forecasted comparable store sales in the fiscal year to increase in the range of 3% to 5% and earnings per share between $1.50 and $1.56.

PVH Corp (PVH), the owned-brands apparel maker said total revenues in the fourth-quarter ending in January rose 1.9% from a year ago to $2.11 billion.

Net income in the quarter surged 160.6% to $134.2 million or $1.63 per diluted share compared to $51.5 million or 62 cents per share from the same quarter last year.

Scholastic Corporation (SCHL), the children''s books publisher reported revenues in the third-quarter ending in February advanced 5.6% from a year ago to $366 million.

Net loss in the quarter narrowed to $9 million or 26 cents per diluted share compared to $22.1 million or 68 cents per share from the same quarter last year.

The company affirmed its current fiscal 2016 estimate for total revenue of about $1.65 billion and earnings per diluted share from continuing operations of about $1.35.

Signet Jewelers Ltd (SIG), the Bermuda-based jewellery and watches retailer stated total revenues in the fourth-quarter ending in February increased 5.1% from a year ago to $2.39 billion.

Same store sales in the quarter jumped 4.9% and online sales surged 11.2% to $166.3 million.

Net income in the quarter soared 19.3% to $271.9 million or $3.42 per diluted share compared to $228 million or $2.84 per share 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