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DAILY EARNINGS

AutoZone, Ascena Retail Net Jump; Carnival Net Falls


Author: Mukesh Buch
ticker.com
Last Update: 11:42 AM ET September 25 2013

10:45 AM New York AutoZone fourth-quarter net surged 15% to $371.2 million. Ascena Retail fourth-quarter net climbed to $29.8 million. Carnival third-quarter net plunged 29.8% to $934 million.

Earnings Review

AutoZone, Inc. (AZO), the retailer said total revenue in the fourth-quarter ending in August climbed 12% to $3.1 billion. Domestic same store sales in the quarter increased 1%.

Net income in the quarter surged 15% to $371.2 million or diluted earnings $10.42 per share compared to $323.7 million per share or $8.46 per share.

Ascena Retail Group, Inc. (ASNA), the specialty apparel retailer reported total revenue in the fourth-quarter ending on July 27 soared 27% to $1.20 billion. Total comparable sales in the quarter jumped 4%.

Net income in the quarter climbed to $29.8 million or diluted earnings 18 cents per share compared to $1.6 million per share or 1 cent per share.

The retailer expects adjusted earnings per diluted share from continuing operations for the fiscal 2014 is in the range of $1.25 to $1.30.

Carnival Corporation (CCL), the cruise operator said total revenue in the third-quarter ending in August barely rose 1% to $4.73 billion. Net income in the quarter plunged 29.8% to $934 million or diluted earnings $1.20 per share compared to $1.33 billion per share or $1.71 per share.

For the year, the company expects non-GAAP diluted earnings per share between $1.51 and $1.57.
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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