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DAILY EARNINGS

Best Buy, Nordson, Smucker Net Jump; Toll Brothers Net Surges 58%


Author: Mukesh Buch
ticker.com
Last Update: 7:09 AM ET August 23 2016

12:00 PM New York Best Buy second-quarter net surged 21% to $198 million. Nordson second-quarter net advanced 21% to $84 million. Premier fourth-quarter net jumped 57% to $50 million. Smucker first-quarter net soared 25% to $170 million. Toll Brothers third-quarter net surged 58% to $106 million.

Tollbooth Index increased 40.93 or 0.4% to 11,178.49.

Earnings Review

Best Buy Co. (BBY), the electronic products retailer reported revenues in the second-quarter ending in July were flat from a year ago at $8.5 billion.

Comparable store sales in the quarter increased 0.8% but online sales soared 23.7%.

Net income in the quarter surged 20.7% to $198 million or 61 cents per diluted share compared to the $164 million or 46 cents per share from the same quarter last year.

Best Buy forecasted revenues in the in the third-quarter in the range of $8.8 billion to $8.9 billion, or flat to 1% growth and diluted earnings per share in the range of 43 cents to 47 cents.

Daktronics, Inc (DAKT), the electronic scoreboards supplier net sales in the first-quarter ending in July advanced 4.6% from a year ago to $157.1 million.

Net income in the quarter soared 44.7% to $5.5 million or 13 cents per diluted share compared to the $3.8 million or 9 cents per share from the same quarter last year.

Nordson Corp (NDSN), the adhesive dispensing equipment maker reported net sales in the second-quarter ending in July increased 5.9% from a year ago to $489.9 million.

Net income in the quarter advanced 21.3% to $84.2 million or $1.46 per diluted share compared to the $69.4 million or $1.14 per share from the same quarter last year.

Nordson estimated revenues in the fourth-quarter to increase between 6% and 10% and diluted earnings per share in the range of $1.15 to $1.27.

Premier Inc (PINC), the healthcare services provider said net revenues in the fourth-quarter ending in July soared 13% from a year ago to $301.4 million.

Net income in the quarter jumped 57% to $50.4 million or 30 cents per diluted share compared to the $32.1 million or diluted loss per share of $2.24 from the same quarter last year.

Regis Corporation (RGS), the beauty salons operator stated revenues in the fourth-quarter ending in June dropped 3.3% from a year ago to $447.7 million.

Same store sales in the quarter decreased 1.4%

Net in the quarter swung to profit $5.6 million or 12 cents per diluted share compared to the loss of $2.6 million or 5 cents per share from the same quarter last year.

J M Smucker Co (SJM), the branded food and beverage products maker reported net sales in the first-quarter ending in July slumped 7% from a year ago to $1.82 billion.

Comparable store sales in the quarter tumbled 10.8% but online sales increased 1.4% to $20.4 million.

Net income in the quarter soared 25% to $170 million or $1.46 per diluted share compared to the $136.4 million or $1.14 per share from the same quarter last year.

Toll Brothers Inc (TOL), the luxury residential buildings maker said revenues in the third-quarter ending in July advanced 24% from a year ago to $1.27 billion.

Net income in the quarter surged 58% to $105.5 million or 61 cents per diluted share compared to the $66.7 million or 36 cents per share 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