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DAILY EARNINGS

Ascena Retail Net Rises, ABM Ind Net Declines


Author: Mukesh Buch
ticker.com
Last Update: 12:11 PM ET June 04 2014

10:45 AM New York ABM Industries second-quarter net declined 21% to $15 million. Ambarella fourth-quarter net jumped 6% to $5 million. Ascena Retail second-quarter net rose 3% to $33 million. Cyberonics fourth-quarter net surged 60% to $18 million.

Earnings Review

ABM Industries, Inc (ABM), the cleaning and maintenance services provider said revenues in the second-quarter ending in April jumped 4.9% to $1.23 million.

Net income in the quarter declined 21.2% to $15.2 million or 27 cents a diluted share compared to $19.3 million or 35 cents.

Ambarella Inc (AMBA), the high-definition video solution developer stated revenues in the fourth-quarter ending in April soared 21% to $33.9 million.

Net income in the quarter jumped 6% to $5.3 million or 17 cents a diluted share compared to $4.7 million or 16 cents.

Total cash and marketable securities on hand in the quarter climbed to $155.6 million compared to $104.3 million a year ago.

Ascena Retail Group Inc (ASNA), the specialty retailer revenues in the second-quarter ending on April 26 edged up 0.3% to $1.14 billion. Total comparable sales in the quarter dropped 1%.

Net income in the quarter rose 2.9% to $33.2 million or 20 cents a diluted share compared to $31.2 million or 19 cents.

Cyberonics, Inc (CYBX), the medical device maker reported revenues in the fourth-quarter ending on April 25 climbed 9.5% to $74.8 million.

Net income in the quarter surged 60% to $18.4 million or 68 cents a diluted share compared to $11.5 million or 41 cents.
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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