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DAILY EARNINGS

Big Lots, Costco Net Drops; AdvanSix, Revlon Net Swing to Loss


Author: Mukesh Buch
ticker.com
Last Update: 11:19 AM ET March 04 2017

12:00 PM New York Big Lots fourth-quarter net slumped 5% to $90 million. Costco fourth-quarter net declined 6% to $515. Cooper first-quarter net jumped 48% to $76 million. Methode Electronics third-quarter net soared 38% to $24 million. Revlon fourth-quarter net swung to a loss of $37 million.

Tollbooth Index slipped 51.14 or 0.4% to 11,658.88.

Earnings Review

AdvanSix Inc (ASIX), the specialty chemicals producer said net sales in the fourth-quarter ending in December plunged 18% from a year ago to $259.3 million.

Net in the quarter swung to a loss of $24.7 million or 81 cents per diluted share from profit of $15.36 million or 50 cents per share in the same quarter last year.

Big Lots Inc (BIG), the discount retailer reported revenues in the fourth-quarter ending in December slid 0.3% from a year ago to $1.6 billion.

Comparable store sales in the quarter increased 0.3%.

Net income in the quarter slumped 4.7% to $90.1 million or $1.99 per diluted share from $94.5 million or $1.91 per share in the same quarter last year.

Big Lots forecasted earnings per share in the first-quarter between 95 cents to $1.05 and diluted earnings per share in the year in the range of $3.95 to $4.10.

Costco Wholesale Corporation (COST), the discount stores operator reported in the fourth-quarter ending in December jumped 6% from a year ago to $29.1 billion.

Comparable store sales in the quarter advanced 3%.

Net income in the quarter declined 5.7% to $515 million or $1.17 per diluted share from $546 million or $1.24 per share in the same quarter last year.

Cooper Companies Inc (COO), the medical device maker stated revenues in the first-quarter ending in December rose 11% from a year ago to $499.1 million.

Net income in the quarter jumped 47.5% to $75.8 million or $1.53 per diluted share from $51.4 million or $1.05 per share in the same quarter last year.

Methode Electronics Inc (MEI), the wireless and sensing products maker reported revenues in the third-quarter ending in December advanced 5.6% from a year ago to $195.6 million.

Net income in the quarter soared 37.8% to $23.7 million or 63 cents per diluted share from $17.2 million or 45 cents per share in the same quarter last year.

Revlon Inc (REV), the beauty and personal care products maker said revenues in the fourth-quarter ending in December surged 53.4% from a year ago to $800.7 billion.

Net in the quarter swung to a loss of $36.5 million or 70 cents per diluted share from $24.8 million or 47 cents per share in 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