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DAILY EARNINGS

Apogee, Clarcor, Oracle, Rite Aid Net Decline


Author: Mukesh Buch
ticker.com
Last Update: 1:06 PM ET September 17 2015

12:30 AM New York Apogee second-quarter net plunged 12% to $15 million. Clarcor third-quarter net tumbled 13% to $36 million. Herman Miller first-quarter net jumped 6% to $34 million. Oracle first-quarter net declined 20% to $1.8 billion. Rite Aid second-quarter net tumbled 83% to $22 million.

Tollbooth Index rose 19.45 to 10,515.92.

Earnings Review

Apogee Enterprises Inc (APOG), the glass fitting services provider said revenues in the second-quarter ending on August 29 increased 4% from a year ago to $240.8 million.

Net income in the quarter plunged 12% to $14.8 million or 50 cents per diluted share compared to $16.8 million or 57 cents from the same quarter last year.

Clarcor Inc (CLC), the filtration products maker reported net sales in the third-quarter ending on August 29 declined 10.6% from a year ago to $357.6 million.

Net income in the quarter tumbled 12.7% to $36.4 million or 72 cents per diluted share compared to $41.7 million or 82 cents from the same quarter last year.

Herman Miller, Inc (MLHR), the furniture products maker stated revenues in the first-quarter ending on August 29 soared 10.9% from a year ago to $565.4 million.

Net income in the quarter jumped 5.9% to $33.5 million or 56 cents per diluted share compared to $25.2 million or 42 cents from the same quarter last year.

Marcus Corp (MCS), the movie theatres, hotels and resorts operator stated total revenues in the first-quarter ending on August 27 surged 13.2% from a year ago to $149.2 million.

Net income in the quarter soared 17.8% to $14.7 million or 53 cents per diluted share compared to $12.4 million or 45 cents from the same quarter last year.

Oracle Corporation (ORCL), the enterprise software services provider reported net revenues in the first-quarter ending in August slipped 2% from a year ago to $8.45 billion.

Net income in the quarter declined 19.7% to $1.75 billion or 40 cents per diluted share compared to $2.18 million or 48 cents from the same quarter last year.

The company said total hardware revenues in the quarter fell 3% to $1.1 billion and software license updates and product support revenues slid 1% to $4.7 billion but services revenues rose 1% to $862 million from a year ago period.

Oracle said total on-premise software and cloud revenues in the quarter decreased 2% to $6.5 billion, new software licenses revenues tumbled 16% to $1.15 billion and cloud software-as-a-service and platform-as-a-service surged 34% to $451 million.

Rite Aid Corporation (RAD), the retail drugstore chain said revenues in the second-quarter ending on August 29 surged 17.5% from a year ago to $7.7 billion.

Same store drugstore sales in the retail pharmacy segment increased 2.1% and the number of prescriptions filled in same stores rose 0.2%.

Net income in the quarter tumbled 83.2% to $21.5 million or 2 cents per diluted share compared to $127.8 million or 13 cents from the same quarter last year.

Under Amour Inc (UA), the apparel, footwear and accessories maker forecasted revenues in fiscal 2018 of about $7.5 billion.

The retailer reported revenue in 2014 was $3.08 billion and estimated 2015 revenues of about $3.84 billion.
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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