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, Ulta Salon Net Surge; Genesco Profit Plunges


Author: Mukesh Buch
ticker.com
Last Update: 1:04 PM ET May 29 2015

12:30 AM New York Big Lots first-quarter net surged more than eight-fold to $32 million. Genesco first-quarter net plunged 29% to $10 million. GameStop first-quarter net soared 9% to $74 million. Splunk first-quarter net loss widened to $71 million. Ulta Salon first-quarter net surged 34% to $67 million.

Tollbooth Index slipped 0.5% or 58.62 to 10,721.51.

Earnings Review

Big Lots, Inc slipped 1.5% or 77 cents to $44.42 after the specialty discount stores operator said net sales in the first-quarter ending on May 2 decreased 0.1% to $1.28 billion from a year ago period.

Comparable store sales in the quarter increased 1.6%.

Net income in the quarter surged more than eight-fold to $32.2 million or 60 cents per diluted share compared to $3.3 million or 6 cents from the same quarter last year.

Genesco Inc. (GCO) declined 4.6% or $3.10 to $64.69 after the footwear, apparel and accessories retailer stated net sales in the first-quarter ending on May 2 climbed 5% to $660.6 million from a year ago period.

Comparable store sales in the quarter jumped 4%.

Net income in the quarter plunged 28.8% to $9.9 million or 42 cents per diluted share compared to $13.9 million or 59 cents from the same quarter last year.

GameStop Corporation (GME) surged 7.8% or $3.21 to $44.13 after the video game provider reported net sales in the first-quarter ending on May 2 increased 3% to $2.06 billion from a year ago period.

Net income in the quarter soared 8.5% to $73.8 million or 68 cents per diluted share compared to $68 million or 59 cents from the same quarter last year.

For the second-quarter the company forecasted earnings per share in the range of 21 cents and 25 cents.

GameStop lifted its earnings per share forecast for the year between $3.63 and $3.83 from earlier estimate of $3.60 to $3.80..

Splunk Inc. (SPLK) declined 6.7% or $4.82 to $66.33 after the software products provider reported net revenues in the first-quarter ending in April soared 40.2% to $71.9 million from a year ago period.

Net loss in the quarter widened to $71.2 million or 57 cents per diluted share compared to $50.8 million or 43 cents from the same quarter last year.

Ulta Salon, Cosmetics & Fragrance, Inc. (ULTA) fell 0.7% or $1.33 to $155.02 after the beauty retailer said net sales in the first-quarter ending on May 2 climbed 21.6% to $868.1 million from a year ago period.

Comparable same store sales in the quarter surged 11.4%.

Net income in the quarter soared 33.8% to $66.9 million or $1.04 per diluted share compared to $50 million or 77 cents from the 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