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DAILY EARNINGS

Analog Devices, Deere, HP Net Drop


Author: Mukesh Buch
ticker.com
Last Update: 12:21 PM ET November 26 2014

12:30 AM New York Analog Devices fourth-quarter net plunged 46% to $109 million. Books-A-Million fourth-quarter net was flat at $7 million. Deere fourth-quarter net tumbled 20% to $649 million. Hewlett-Packard fourth-quarter net declined 6% to $1.3 billion. Veeva Systems third-quarter net surged 36% to $10 million.

Tollbooth Index edged up 0.01% or 1.08 to 10,007.72.

Earnings Review

Analog Devices, Inc (ADI), the integrated circuit maker said net revenues in the fourth-quarter ending on November 1 climbed 20.1% to $814.2 million from a year ago period.

Net income in the quarter plunged 46.1% to $108.7 million or 34 cents a diluted share compared to $201.6 million or 64 cents from a same quarter last year.

Books-A-Million, Inc (BAMM), the book retailer reported net revenues in the fourth-quarter ending on November 1 rose 1.2% to $101.2 million from a year ago period.

Net loss in the quarter was flat at $6.9 million or 50 cents a diluted share compared to $6.9 million or 47 cents from a same quarter last year.

Ctrip.com International Ltd (CTRP), the travel company said net revenues in the third-quarter ending in September surged 38% to $347 million from a year ago period.

Net income in the quarter declined 42% from the quarter year ago to $35 million or 22 cents a diluted share.

Deere & Company (DE), the agriculture and turf equipment maker net revenues in the fourth-quarter ending in October dropped 5% to $8.97 billion from a year ago period.

Net income in the quarter tumbled 19.5% to $649.2 million or $1.83 a diluted share compared to $806.8 million or $2.11 from a same quarter last year.

Hewlett-Packard Company (HPQ), the systems hardware and software developer reported net revenue for the fourth-quarter ending in October fell 2% to $28.41 billion from a year ago period.

Net income in the quarter declined 5.7% to $1.33 billion or 70 cents a diluted share compared to $1.41 billion or 73 cents from a same quarter last year.

For the fiscal 2015, the company forecasted earnings between $3.23 and $3.43 per share and adjusted earnings in the range of $3.83 to $4.03 per share.

Veeva Systems Inc (VEEV), the cloud-based software solution provider said revenues in the third-quarter ending in October soared 52% to $83.8 million from a year ago period.

Net income in the quarter surged 36% to $10.3 million or 7 cents a diluted share compared to $6.5 million or 5 cents from a 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