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DAILY EARNINGS

Acuity Brands, Intl Speedway Net Jump, Conn`s Net Swing to Loss


Author: Mukesh Buch
ticker.com
Last Update: 12:27 PM ET April 04 2017

12:00 PM New York Acuity Brands second-quarter net rose 3% to $67 million. Conn`s fourth-quarter net swung to a loss on 5% decline in revenues. International Speedway first-quarter net soared 8% to $21 million.

Tollbooth Index slid 19.03 or 0.2% to 11,597.27.

Earnings Review

Acuity Brands, Inc (AYI), the lighting solutions provider reported net sales in the second-quarter ending in February jumped 3.5% from a year ago to $804.7 million.

Net income in the quarter rose 2.7% to $67.3 million or $1.53 per diluted share from profit of $65.5 million or $1.49 in the same quarter last year.

Conn`s, Inc. (CONN), the consumer goods retailer said total revenues in the fourth-quarter ending in January declined 5.3% from a year ago to $432.8 million.

Net in the quarter swung to a loss of $0.1 million or break even per diluted share from profit of $1.1 million or 3 cents in the same quarter last year.

Hewlett Packard Enterprise Co (HPE), the technology solutions provider lowered its adjusted profit outlook.

In the second-quarter, the technology solutions provider lowered its earnings per share forecast between 33 cents to 37 cents from earlier estimated range of 41 cents to 45 cents.

In the full-year, earnings per share estimated in the range of $1.46 to $1.56 from the prior forecasted range of $1.88 to $1.98.

International Speedway Corp (ISCA), the motorsports event organizer said total revenues in the firth-quarter ending in February advanced 3.8% from a year ago to $147.9 million.

Net income in the quarter soared 7.6% to $21.3 million or 47 cents per diluted share from profit of $19.8 million or 43 cents in the same quarter last year.

The sports events organizer reaffirmed revenues forecast in fiscal 2017 in the range of $660 million to $670 million and operating margin between 15.5% and 17% and diluted earnings per share in the range of $1.50 to $1.65.

""Financial results for our first quarter exceeded expectations,"" chief executive officer Lesa France Kennedy said.
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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