10:45 AM New York – Autodesk first quarter net increased 14% to $78.9 million. Hibbett Sports first quarter net soared 23.5% to $26.4 million. Kirkland’s first quarter net tumbled 38% to $2 million. Marvell Technology first quarter net declined 35% to $94.5 million.

Earnings Review

Ann Inc. (ANN), the specialty retailer reported first quarter net sales grew 7% to $560.4 million compared to $523.6 million in the same period last year. Comparable store sales increased 3.8%.

Net income in the quarter rose 5% to $28.7 million or 58 cents per diluted share compared to $27.3 million or 51 cents per share a year ago earlier.

For the fiscal second quarter the apparel retailer expects total net sales of $585 million and for fiscal 2012 total net sales of $2.38 billion.

Autodesk, Inc. (ADSK), the software company reported first quarter revenue increased 11% to $588.6 million compared to $528.3 million in the same period last year. Net income in the quarter increased 14% to $78.9 million or 34 cents per diluted share compared to $69.3 million or 29 cents per share a year ago quarter.

Net revenue for fiscal 2013 is expected to increase by 10% and revenue in second quarter is expected to be about $580 million to $600 million.

Donaldson Company, Inc. (DCI), the filtration system maker reported third quarter revenue rose 9% to $647.2 million compared to $594.6 million in the same period last year. Net earnings in the quarter increased 15% to $70.9 million or 46 cents per diluted share compared to $61.8 million or 39 cents per share a year ago period.

The company forecast full year sales to be about $2.5 billion or raised approx 9% from the prior year.

Foot Locker, Inc. (FL), the athletic apparel retailer reported first quarter sales grew 8.7% to $1.58 billion compared to $1.45 billion in the same period last year. Comparable store sales increased 9.7%.

Net income in the quarter surged 36% to $128 million or 83 cents per diluted share compared to $94 million or 60 cents per share a year ago earlier.

Hibbett Sports, Inc. (HIBB), the sporting goods retailer reported first quarter sales surged 14.4% to $232.9 million compared to $203.7 million in the same period last year. Comparable store sales increased 11.1%.

Net income in the quarter soared 23.5% to $26.4 million or 98 cents per diluted share compared to $21.3 million or 76 cents per share a year ago earlier.

The Hibbett raised earnings guidance for Fiscal 2013 to a range between $2.50 and $2.65 per diluted share.

Kirkland’s, Inc. (KIRK), the home decor and gift retailer reported first quarter sales rose 3.6% to $97.8 million compared to $94.4 million in the same period last year. Comparable store sales fell 1.2%.

Net income in the quarter tumbled 38% to $2.0 million or 10 cents per diluted share compared to $3.2 million or 15 cents per share a year ago earlier.

Marvell Technology Group Ltd. (MRVL), the Bermuda based chip maker reported first quarter revenue edged down to $796.4 million compared to $802.4 million in the same period last year. Net income in the quarter declined 35% to $94.5 million or 16 cents per diluted share compared to $146.9 million or 22 cents per share a year ago quarter.

Salesforce.com, Inc. (CRM), the cloud computing solution provider reported first quarter revenue soared 38% to $695.5 million compared to $504.4 million in the same period last year. Net loss in the quarter swung to $19.5 million or 14 cents per diluted share compared to net income of $0.53 million or break even per share a year ago.

Revenue for the second fiscal quarter 2013 is projected to be in the range of $724 million and $728 million increase of 33% from a year ago. Revenue for the full year will be in the range of $2.97 billion to $3.00 billion increase of 31% to 32% from a year ago.

The Gap, Inc. (GPS), the specialty apparel retailer reported first quarter net sales increased 6% to $3.5 billion compared to $3.3 billion in the same period last year. Comparable store sales increased 4%.