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DAILY EARNINGS

AutoZone, PVH Net Climb; Toll Brothers Net Plunges


Author: Mukesh Buch
ticker.com
Last Update: 1:43 AM ET December 10 2013

10:45 AM New York AutoZone first-quarter net jumped 7% to $218 million. Greif fourth-quarter net soared 43% to $37 million. HD Supply third-quarter net swung to a profit $51 million. PVH third-quarter net climbed 17% to $197 million. Toll Brothers fourth-quarter net plunged 77% to $95 million.

Earnings Review

AutoZone, Inc (AZO) climbed 4.7% or $21.68 to $479.02 after the auto vehicles parts retailers reported net sales in the first-quarter ending on November 23 advanced 5.1% to $2.1 billion. Domestic store sales in the quarter rose 0.9%.

Net income in the quarter jumped 7.2% to $218.1 million or $6.29 a diluted share compared to $203.5 million or $5.41.

Burlington Stores, Inc. (BURL) plunged 15.8% or $4.43 to $23.56 after the retailer stated net sales in the third-quarter ending on November 2 jumped 10% to $1.06 billion. Comparable store sales in the quarter advanced 3.9%.

Net loss in the quarter widened to $16.9 million compared to $7.4 million.

Greif, Inc (GEF) declined 6.5% or $3.55 to $51.18 after the industrial packaging products maker said net sales in the fourth-quarter ending in October jumped 5% to $1.27 billion.

Net income in the quarter soared 42.6% to $36.8 million or 63 cents a diluted share compared to $25.8 million or 44 cents.

Gross profit for the quarter climbed 16.1% to $226 million.

HD Supply Holdings Inc (HDS) climbed 3.7% or 81 cents to $22.46 after the industrial distributor reported net sales in the third-quarter ending on November 3 climbed 7% to $2.3 billion.

Net in the quarter swung to a profit $51 million or 26 cents a diluted share compared to a loss of $50 million or 38 cents.

Hi-Tech Pharmacal Co (HITK) slid 4 cents to $43.36 after the generics drugs maker said net sales in the second-quarter ending in October rose 2% to $58.6 million.

Net income in the quarter tumbled 42.6% to $1.2 million or 8 cents a diluted share compared to $8.9 million or 66 cents.

PVH Corp (PVH) jumped 3.6% or $4.63 to $132.06 after the apparel and accessory maker reported revenue in the third-quarter ending on November 3 soared 38% to $2.26 billion.

Net income in the quarter climbed 17.3% to $196.7 million or $2.37 a diluted share compared to $167.7 million or $2.27.

Toll Brothers, Inc (TOL) gained 1.5% or 52 cents to $34.09 after the home builder said revenues in the fourth-quarter ending in October surged 65% to $1.04 billion. Net income in the quarter plunged 77% to $94.9 million or 54 cents a diluted share compared to $411.4 million or $2.35.

Vail Resorts, Inc (MTN) dropped 3.7% or $2.85 to $73.13 after the resorts operator stated total revenue in the first-quarter ending in October rose 6.1% to $123.4 million.

Net loss in the quarter widened to $73.4 million or $2.04 a diluted share compared to $60.6 million or $1.70.
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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