S&P 500 2,441.20 17.28
Gold$1,224.80 $5.30
Nasdaq 6,253.81 61.92
Crude Oil $60,490.00      $-1570.00
DAILY EARNINGS

Big Lots, OmniVision Net Jump; Signet Net Declines


Author: Mukesh Buch
ticker.com
Last Update: 12:41 PM ET August 29 2014

12:30 AM New York Big Lots second-quarter net and sales increased 2%. Fred''s second-quarter net swung to a loss of $16 million. OmniVision first-quarter net surged 96%. Signet Jewelers profit declined 14% to $58 million.

Tollbooth Index gained 0.3% or 24.33 to 9,530.73.

Earnings Review

Big Lots, Inc (BIG), the closeout retailer reported net sales the second-quarter ending on August 2 grew 1.7% to $1.20 billion from a year ago period. Comparable store sales in the quarter increased 1.7%.

Net income in the quarter rose 1.7% to $19.9 million or 36 cents a diluted share compared to $18.1 million or 31 cents from a same quarter last year.

The deep discount retailer lifted the bottom end of its continuing earnings estimate by 5 cents to a range between $2.40 and $2.50 per share. Same store sales in the quarter increased 1.7%, in the middle of the range between 1% and 3%.

Fred''s, Inc (FRED), the discount general merchandise stated total sales the second-quarter ending on August 2 increased 2% to $491.2 million from a year ago period. Comparable store sales in the quarter slid 0.1%.

Net in the quarter swung to a loss of $16.4 million or 45 cents a diluted share compared to profit $3.3 million or 9 cents from a same quarter last year.

OmniVision Technologies, Inc (OVTI), the image-sensor device maker said revenue in the first-quarter ending in July climbed 8.8% to $406.5 million from a year ago period.

Net income in the quarter surged 96% to $45.3 million or 78 cents a diluted share compared to $23.1 million or 42 cents from a same quarter last year.

The company forecasted revenues for the second-quarter in the range of $360 million to $390 million and diluted earnings per share between 29 cents and 45 cents.

Net 1 UEPS Technologies Inc (UEPS), the South Africa-based payment solution provider stated revenuein the fourth-quarter ending in June jumped 55% to $182.8 million from a year ago period.

Net earnings in the quarter soared 245% to $28.6 million or 59 cents a diluted share compared to $8.3 million or 18 cents from a same quarter last year.

Signet Jewelers Ltd (SIG), the Bermuda-based jewelry and watches retailer reported total sales the second-quarter ending on August 2 climbed 39.3% to $1.22 billion from a year ago period. Same store sales in the quarter jumped 4.8%.

Net income in the quarter declined 13.9% to $58 million or 72 cents a diluted share compared to $67.4 million or 84 cents from a same quarter last year.
  1
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc