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DAILY EARNINGS

CST Brands, Ross Stores Net Climb; Autodesk Net Plunges


Author: Mukesh Buch
ticker.com
Last Update: 12:10 PM ET February 27 2015

12:30 AM New York Autodesk fourth-quarter net tumbled 79% to $12 million. CST Brands fourth-quarter net surged 177% to $94 million. Icahn Enterprises fourth-quarter net swung to a loss of $478 million. J C Penney fourth-quarter net swung to a loss of $59 million. Ross Stores fourth-quarter net climbed 14% to $249 million.

Tollbooth Index nearly gained 0.2% or 23.19 to 10,748.39.

Earnings Review

Autodesk, Inc (ADSK), the business application service provider said total revenues in the fourth-quarter ending in January soared 13.3% to $664.6 million from a year ago period.

Net income in the quarter tumbled 78.7% to $11.5 million or 5 cents per diluted share compared to $53.9 million or 23 cents from the same quarter last year.

The company added total subscriptions in the year jumped by 385,000 to 2.23 million higher than the estimated in November.

Autodesk forecasted adjusted earnings per share for the first-quarter between of 25 cents and 30 cents and revenue in the range of $625 million to $645 million.

CST Brands Inc (CST), the discount store operator said revenues in the fourth-quarter ending in December declined 11.7% to $2.70 billion from a year ago period. Same-store sales in the quarter increased in both the U.S. and Canada.

Net income in the quarter surged 176.5% to $94 million or $1.21 per diluted share compared to $34 million or 44 cents from the same quarter last year.

Icahn Enterprises LP (IEP), the diversified investment company reported revenues in the fourth-quarter ending in December climbed 7% to $3.4 billion from a year ago period.

Net in the quarter swung to a loss of $478 million or $3.84 per diluted share compared to profit of $222 million or $1.90 from the same quarter last year.

J C Penney Company Inc (JCP), the department store operator reported total sales in the fourth-quarter ending in January jumped 2.9% to $3.89 billion from a year ago period. Comparable store sales in the quarter climbed 4.4% and online sales soared 12.5% to $428 million.

Net in the quarter swung to a loss of $59 million or 19 cents per diluted share compared to profit of $35 million or 11 cents from the same quarter last year.

KBR, Inc (KBR), the construction and service provider said net sales in the fourth-quarter ending on December plunged 15.5% to $1.42 billion from a year ago period.

Net loss in the quarter widened to $1.24 billion or $8.57 per diluted share compared to $56 million or 38 cents from the same quarter last year.

Ross Stores, Inc (ROST), the off-price apparel and home fashion retailer said total sales in the fourth-quarter ending in January climbed 11% to $3.03 billion from a year ago period. Comparable store sales in the quarter jumped 6%.

Net income in the quarter climbed 14% to $248.5 million or $1.20 per diluted share compared to $217.95 million or $1.02 from the same quarter last year.

The retailer forecasted comparable store sales to increase between 2% and 3% and earnings per share in the range of $1.21 to $1.26, up from $1.15 for the same period last year.

For the fiscal 2015, the company forecasted same store sales to increased 1% to 2% and earnings per share between $4.60 and $4.80, up from $4.42 of fiscal 2014.
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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