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DAILY EARNINGS

AutoZone Net Jumps, 58.com Net Swings to a Loss


Author: Mukesh Buch
ticker.com
Last Update: 12:28 PM ET May 26 2015

12:30 AM New York 58.com second-quarter net swung to a loss of $52 million. AutoZone third-quarter net jumped 8% to $309 million. StealthGas first-quarter net plunged 24% to $6 million.

Tollbooth Index slipped 0.9% or 107.66 to 10,728.46.

Earnings Review

58.com Inc (WUBA) decreased 1.6% or $1.26 to $77.85 after the China-based online marketplace said total revenues in the second-quarter ending in March surged 80.5% to $87.1 million from a year ago period.

Net in the quarter swung to a loss of $52.4 million or 59 cents per diluted share compared to profit of $2.3 million or 3 cents from the same quarter last year.

The company forecasted total revenues in the second-quarter to soar 124.6% to between $145 million and $150 million.

AutoZone, Inc. (AZO) dropped $4.31 to $684.87 after the auto parts retailer reported net sales in the third-quarter ending on May 9 climbed 6.5% to $2.49 billion from a year ago period.

Same store sales in the quarter increased 2.3%.

Net income in the quarter jumped 8.4% to $309.1 million or $9.57 per diluted share compared to $285.2 million or $8.46 from the same quarter last year.

StealthGas Inc (GASS) decreased 1.8% or 12 cents to $6.45 after the shipping transportation company said revenues in the first-quarter ending in March jumped 5.3% to $35.7 million from a year ago period.

Net income in the quarter plunged 23.6% to $5.8 million or 14 cents per diluted share compared to $7.6 million or 23 cents from the same quarter last year.
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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