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DAILY EARNINGS

AutoZone Net Climbs 7%, Frontline Net Loss Narrows


Author: Mukesh Buch
ticker.com
Last Update: 12:53 PM ET May 27 2014

10:45 AM New York AutoZone third-quarter net climbed 7% to $285 million. Bank of Nova Scotia second-quarter net surged 14% to $1.80 billion. Frontline first-quarter net loss narrowed to $13 million.

Earnings Review

AutoZone, Inc (AZO), the automobile parts and accessories retailer reported net sales in the third-quarter ending on May 10 jumped 6.2% to $2.34 billion. Same-store sales in the quarter increased 4%.

Net income in the quarter climbed 7.4% to $285.2 million or $8.46 a diluted share compared to $265.6 million or $7.27.

The Bank of Nova Scotia (BNS), the Canada-based financial services provider reported total revenue in the second-quarter ending in April soared 9.8% to $5.81 billion.

Net income in the quarter surged 14% to $1.80 billion or $1.39 a diluted share compared to $1.58 billion or $1.22.

Frontline Ltd (FRO), the Bermuda-based oil and gas transportation said total revenue in the first-quarter ending in March climbed to $1.70 billion.

Net loss in the quarter narrowed to $12.08 million or 13 cents a diluted share compared to $18.75 million or 24 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