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DAILY EARNINGS

Acuity Brands, General Mills Net Jump; Nike Net Falls


Author: Mukesh Buch
ticker.com
Last Update: 2:26 AM ET June 29 2016

12:00 PM New York Acuity Brands third-quarter net surged 15% to $74 million. Schulman third-quarter net swung to profit $16 million. General Mills fourth-quarter net soared 39% to $1.7 billion. Monsanto third-quarter net tumbled 37% to $717 million. Nike fourth-quarter net fell 2% to $846 million.

Tollbooth Index jumped 83.34 or 0.8% to 10,237.36.

Earnings Review

Acuity Brands, Inc (AYI), the lighting solutions provider said revenues in the third-quarter ending in May soared 25% from a year ago to $851.5 million.

Net income in the quarter surged 15% to $74 million or $1.69 per diluted share compared to $64.5 million or $1.48 per share from the same quarter last year.

A Schulman Inc (SHLM), the plastic formulations, resins maker stated net sales in the third-quarter ending in May jumped 15.9% from a year ago to $650.4 million.

Net in the quarter swung to profit $15.5 million or 53 cents per diluted share compared to a loss of $9.9 million or 34 cents per share from the same quarter last year.

General Mills, Inc (GIS), the food processor reported revenues in the fourth-quarter ending on May 29 declined 6.1% from a year ago to $16.6 billion.

Net income in the quarter soared 39% to $1.7 billion or $2.77 per diluted share compared to $1.2 billion or $1.97 per share from the same quarter last year.

Monsanto Company (MON), the agricultural products maker stated revenues in the third-quarter ending in May slumped 8.5% from a year ago to $4.19 billion.

Net income in the quarter tumbled 36.8% to $717 million or $1.63 per diluted share compared to $1.14 billion or $2.39 per share from the same quarter last year.

The company forecasted diluted earnings per share in the year between $4.40 and $5.10 and said the company is on-track to deliver $165 million to $210 million in savings from its restructuring program in fiscal year 2016.

Nike Inc (NKE), the athletic footwear and accessories maker reported revenues in the fourth-quarter ending in May jumped 6% from a year ago to $8.24 billion.

Net income in the quarter fell 2% to $846 million compared to $865 million and diluted earnings per share were flat at 49 cents from the same quarter last year.

Worthington Industries, Inc (WOR), the diversified metals manufacturer said revenues in the fourth-quarter ending in May plunged 15.5% from a year ago to $714.7 million.

Net income in the quarter more than doubled to $58.5 million or 92 cents per diluted share compared to $28.9 million or 44 cents 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