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

Brady, Cato, Toro Net Jump; Cisco, Dicks Sporting Net Fall


Author: Mukesh Buch
ticker.com
Last Update: 7:39 AM ET May 19 2016

12:00 PM New York – Advance Auto Parts first-quarter net jumped 7% to $159 million. Cato first-quarter net soared 15% to $36 million. Cisco third-quarter net fell 4% to $2.3 billion. Dicks Sporting first-quarter net declined 10% to $57 million. Toro second-quarter net jumped 13% to $106 million.

Tollbooth Index slipped 74.45 or 0.7% to 10,270.36.

Earnings Review

Advance Auto Parts, Inc (AAP), the automobile aftermarket parts provider reported total sales in the first-quarter ending on April 23 slipped 1.9% from a year ago to $2.98 billion.

Comparable store sales in the quarter decreased 1.9%.
Net income in the quarter jumped 7.2% to $158.8 million or $2.14 per diluted share compared to $148.1 million or $2 per share from the same quarter last year.

Brady Corp (BRC), the identification solution provider said sales in the third-quarter ending in April fell 1.2% from a year ago to $286.8 million.
Net income in the quarter surged 22.1% to $21 million or 42 cents per diluted share compared to $17.2 million or 33 cents per share from the same quarter last year.

The Cato Corporation (CATO), the women''s fashion specialty retailer reported sales in the first-quarter ending in April rose 1% from a year ago to $285.5 million.

Same-store sales in the quarter were flat from a year ago.
Net income in the quarter soared 15% to $35.9 million or $1.29 per diluted share compared to $31.1 million or $1.11 per share from the same quarter last year.

In the second-quarter, the retailer forecasted diluted earnings per share in the range of 50 cents to 53 cents compared to 56 cents in a year ago period.

Cato estimated 2016 diluted earnings per share between $2.25 and $2.38 compared to $2.39 in 2015.

Cisco Systems, Inc (CSCO), the router and network equipment provider reported revenues in the third-quarter ending in April fell 1% from a year ago to $12 billion.
Net income in the quarter slipped 4% to $2.3 billion or 46 cents per diluted share compared to $2.4 billion or 47 cents per share from the same quarter last year.

Dicks Sporting Goods Inc (DKS), the sporting goods retailer reported net sales in the first-quarter ending in April advanced 6.1% from a year ago to $1.7 billion.

Same-store sales across all divisions in the quarter rose 0.5% and same store sales for Dick’s Sporting Goods increased 0.4% while Golf Galaxy increased 1.7%.
Net income in the quarter declined 10.1% to $56.9 million or 50 cents per diluted share compared to $63.3 million or 53 cents per share from the same quarter last year.

L Brands Inc (LB), the specialty retailer said net sales in the first-quarter ending on May 2 rose 2% from a year ago to $2.61 billion.

Comparable store sales in the quarter increased 3%.

Net income in the quarter tumbled 39.2% to $152.3 million or 52 cents per diluted share compared to $250.5 million or 84 cents per share from the same quarter last year.

The retailer lowered diluted earnings per share forecast in the year to between $3.60 and $3.80 from the earlier estimated range of $3.90 to $4.10.

The company estimated comparable sales in May to fall in low to mid-single digits from last year.

Stein Mart, Inc (SMRT), the apparel and accessories retailer stated total sales in the first-quarter ending in April edged up 0.6% from a year ago to $355.7 million.

Comparable store sales in the quarter slumped 3.4%.
Net income in the quarter rose 0.7% to $13.7 million or 30 cents per diluted share compared to $13.6 million or 29 cents per share from the same quarter last year.

Stage Stores Inc (SSI), the apparel, and accessories retailer said total sales in the first-quarter ending in April declined 9.9% from a year ago to $332.8 million.
  1  2
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc