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DAILY EARNINGS

Campbell, Pall, Valspar Net Jump; Tiffany Net Declines


Author: Mukesh Buch
ticker.com
Last Update: 12:16 PM ET November 25 2014

12:30 AM New York Campbell Soup first-quarter net surged 36% to $234 million. Pall Corp first-quarter net soared 24% to $88 million. Tiffany third-quarter net tumbled 60% to $38 million. Valspar fourth-quarter net soared 70% to $108 million. Workday third-quarter net loss widened to $60 million.

Tollbooth Index rose 0.2% or 20.40 to 10,029.10.

Earnings Review

Campbell Soup Company (CPB), the canned food products maker said net sales in the first-quarter ending on November 2 jumped 4% to $2.25 billion from a year ago period.

Net income in the quarter surged 36% to $234 million or 74 cents a diluted share compared to $172 million or 54 cents from a same quarter last year.

Cracker Barrel Old Country Store, Inc (CBRL), the restaurant and bar operator said total revenues in the first-quarter ending in October climbed 5.3% to $683.4 million from a year ago period. Comparable retail sales in the quarter jumped 6.1%.

Net income in the quarter climbed 25% to $34 million or $1.42 a diluted share compared to $27.2 million or $1.14 from a same quarter last year.

For fiscal 2015, the company forecasted total revenue of about $2.8 billion and operating income margin between 8% and 8.5% and earnings per diluted share in the range of $5.95 and $6.10.

Eaton Vance Corp (EV), the investment adviser said revenues in the fourth-quarter ending in October increased 3.2% to $368.4 million from a year ago period.

Net income in the quarter rose 2.8% to $80.1 million or 66 cents a diluted share compared to $77.9 million or 63 cents from a same quarter last year.

Hormel Foods Corp (HRL), the meat and food product maker stated sales in the fourth-quarter ending on October 26 jumped 9.5% to $2.54 billion from a year ago period.

Net income in the quarter climbed 8.9% to $171.3 million or 63 cents a diluted share compared to $157.3 million or 58 cents from a same quarter last year.

Pall Corporation (PLL), the filtration and purification solution provider reported net sales in the first-quarter ending in October climbed 10.6% to $696.5 million from a year ago period.

Net income in the quarter soared 23.5% to $88.3 million or 81 cents a diluted share compared to $71.5 million or 63 cents from a same quarter last year.

The company said total sales in life sciences segment jumped 14% to $352 million and sales from total industrial segment in the quarter climbed 13% to $344 million.

For the year, the company forecasted earnings per share between $3.75 and $3.95.

Tiffany & Co (TIF), the jewelry and watch retailer said net sales in the third-quarter ending in October jumped 5% to $959.6 million from a year ago period. Comparable store sales in the quarter climbed 4%.

Net earnings in the quarter tumbled 60% to $38.3 million or 29 cents a diluted share compared to $94.6 million or 73 cents from a same quarter last year.

The Valspar Corporation (VAL), the paint and coating maker stated net sales in the fourth-quarter ending in October soared 10.8% to $1.23 billion from a year ago period.

Net income in the quarter soared 70.2% to $108.1 million or $1.28 a diluted share compared to $63.5 million or 72 cents from a same quarter last year.

Workday Inc (WDAY), the cloud-based application provider reported total revenues in the third-quarter ending in October surged 68% to $215.1 million from a year ago period.

Net loss in the quarter widened to $59.9 million or 33 cents a diluted share compared to $47.5 million or 27 cents from a 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