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DAILY EARNINGS

Adobe Net Soars, Tiffany Net Declines


Author: Mukesh Buch
ticker.com
Last Update: 12:58 PM ET March 18 2016

12:00 PM New York Adobe first-quarter net surged 200% to $254 million. Aeropostale fourth-quarter net loss widened to $22 million. Gordmans Stores fourth-quarter net plunged 52% to $1 million. Myokardia fourth-quarter net loss widened to $9 million. Tiffany fourth-quarter net tumbled 16.8% to $163 million.

Tollbooth Index gained 27.79 or 0.3% to 10,684.92.

Earnings Review

Adobe Systems Inc (ADBE), the software developer reported revenues in the first-quarter ending on February 27 jumped 25% from a year ago to $1.38 billion.

Net income in the quarter surged 200% to $254.3 million or 50 cents per diluted share compared to $84.9 million or 17 cents per share from the same quarter last year.

Aeropostale Inc (ARO), the specialty retailer said net sales in the fourth-quarter ending in January declined 16.1% from a year ago to $498 million.

Same store sales in the quarter plummeted 6.7%.

Net loss in the quarter widened to $21.7 million or 27 cents per diluted share compared to $13.5 million or 17 cents per share from the same quarter last year.

The retailer estimated operating losses in the first-quarter in the range of $24 million to $29 million and net loss per diluted share in the range of 35 cents to 42 cents.

Gordmans Stores, Inc (GMAN), the department store operator said net sales in the fourth-quarter ending in January edged up 0.9% from a year ago to $205.7 million.

Same store sales in the quarter fell 2.3%.

Net income in the quarter plunged 52.2% to $1.1 million or 6 cents per diluted share compared to $2.3 million or 12 cents per share from the same quarter last year.

In the first-quarter, the retailer forecasted net sales between $146 million and $150 million and diluted loss per share in the range of 10 cents to 6 cents.

Myokardia Inc (MYOK), the clinical-stage biopharmaceutical developer stated revenues in the fourth-quarter ending in December were flat from a year ago to $3.55 million.

Net loss in the quarter widened to $8.5 million or 48 cents per diluted share compared to $3.4 million or $1.62 per share from the same quarter last year.

Tiffany & Co (TIF), the jeweller and watch retailer reported net sales in the fourth-quarter ending in January declined 6.2% from a year ago to $1.21 billion.

Comparable store sales in the quarter plunged 9%.

Net income in the quarter tumbled 16.8% to $163.2 million or $1.28 per diluted share compared to $196.2 million or $1.51 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