S&P 500 1,666.29 0.00
Gold$1,392.80 $28.10
Nasdaq 3,496.43 0.00
Crude Oil $95.50      $-8.61
  
DAILY EARNINGS

Amerco, Lululemon Net Up, Navistar Net Falls


Author: Mukesh Buch
ticker.com
Last Update: 11:43 AM ET June 07 2012

10:45 AM New York – Amerco fourth quarter net soared 149% to $25.4 million. Navistar second quarter net swung to $172 million loss. Pall Corp. third quarter net increased 11% to $78.9 million. Men’s Wearhouse first quarter net decreased 1.82% to $26.9 million. UTi Worldwide first quarter net surged 48.3% to $12.9 million.

Earnings Review

American Greetings Corporation (AM), the seasonal cards maker acquired assets of UK based Clinton Cards PLC and certain of its subsidiaries and also acquired the senior secured debt of Clinton Cards for $56 million. The acquisition includes approx 400 stores and saving 4500 jobs. American Greetings is one of the biggest suppliers of Clinton''s.

Amerco (UHAL), the holding Company reported total revenue in the fourth quarter ending in March increased 7.2% to $523 million compared to $488 million in the same period last year. Net earnings in the quarter soared 149% to $25.4 million or $1.29 per diluted share compared to $10.2 million or 52 cents per share a year ago quarter.

Lululemon Athletica Inc. (LULU), the athletic apparel retailer reported net revenue in the first quarter ending on April 29 increased 52% to $285.7 million compared to $186.8 million in the same period last year. Comparable stores sales increased to 25% for the first quarter.

Net income in the quarter soared 30.5% to $43.6 million or 32 cents per diluted share compared to $33.4 million or 23 cents per share a year ago quarter.

Molina Healthcare, Inc. (MOH), the health care solution provider cited an uncertainty surrounding to medical costs in Texas it’s withdraw from fiscal 2012 earnings guidance.

Navistar International Corporation (NAV), the holding company reported total net sales in the second quarter ending on April 28 edged down to $3.30 billion compared to $3.35 billion in the same period last year. Net loss in the quarter swung to $172 million or $2.50 per diluted share compared to net income of $74 million or 93 cents per share a year ago earlier.

Navistar updated guidance for adjusted profit for fiscal year ended October 31, 2012 to be between $600 million and $750 million.

Pall Corporation (PLL), the purification technology provider reported total sales in the third quarter ending in April inched up 0.6% to $658 million compared to $654 million in the same period last year. Net income in the quarter increased 11% to $78.9 million or 67 cents per diluted share compared to $71.1 million or 60 cents per share a year ago period.

The J. M. Smucker Company (SJM), the food products maker reported total net sales in the fourth quarter ending in April grew 14.3% to $1.36 billion compared to $1.19 billion in the same period last year. Net income in the quarter increased 9.7% to $104.1 million or 93 cents per diluted share compared to $94.9 million or 82 cents per share a year ago earlier.

Titan Machinery Inc. (TITN), the agricultural and construction equipments retailer reported total revenue in the first quarter ending in April soared 33% to $421.7 million compared to $318.2 million in the same period last year. Net income in the quarter rose 4.2% to $7.5 million or 36 cents per diluted share compared to $7.2 million or 40 cents per share a year ago period.

Company reiterates fiscal 2013 revenue and earnings guidance. Revenue expected of $1.95 billion to $2.1 billion, net income to be between $53.8 million and $58.0 million and earnings per share in the range of $2.55 to $2.75.

The Men’s Wearhouse, Inc. (MW), the specialty retailer reported total net sales in the first quarter ending on April 28 increased 1.1% to $586.6 million compared to $580.3 million in the same period last year. Net income in the quarter decreased 1.82% to $26.9 million or 52 cents per diluted share compared to $27.4 million or 52 cents per share a year ago earlier.

For the fiscal year which is 53 week year the company expects earnings per share to increase 13% to 17% to in a range of $2.70 to $2.78 from the prior year.

UTi Worldwide Inc., (UTIW)), the holding company reported revenue in the first quarter ending in April decreased 4.2% to $1.15 billion compared to $1.20 billion in the same period last year. Net earnings in the quarter surged 48.3% to $12.9 million or 12 cents per diluted share compared to $8.7 million or 8 cents per share a year ago quarter.
  1
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc