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DAILY EARNINGS

CarMax, Cintas, Ennis, Nike Net Jump


Author: Mukesh Buch
ticker.com
Last Update: 12:07 PM EST December 21 2018

11:45 PM New York CarMax third-quarter net surged 28% to $190 million. Cintas Corp second-quarter net soared 77% to $243 million. Ennis third-quarter net advanced 25% to $10 million. Nike second-quarter net jumped 10% to $847 million.

Tollbooth Index slipped 75.89 or 0.6% to 13,807.43 but for the year-to-date rose 0.3%.

Earnings Review

CarMax Inc (KMX), the used-car retailer reported net sales in the third-quarter ending in November jumped 4.6% from a year ago to $4.3 billion.

Net income in the quarter surged 27.9% to $190.3 million or $1.09 per diluted share from $148.8 million or 81 cents in the same quarter last year.

The retailer said used unit sales in comparable stores fell 1.2% and total used unit sales advanced 2.3% and total wholesale unit sales increased 10%.

Cintas Corporation (CTAS), the uniforms and related business services reported revenues in the second-quarter ending in November advanced 7% from a year ago to $1.7 billion.

Net income in the quarter soared 77.2% to $243 million or $2.18 per diluted share from $137.1 million or $1.23 in the same quarter last year.

Cintas forecasted fiscal 2019 revenues growth of 6.1% or between $6.8 billion and $6.9 billion and diluted earnings per share in the range of $7.68 to $7.76.

Ennis Inc (EBF), the forms, labels, tags, envelopes, folders maker said revenues in the third-quarter ending in November soared 15.5% from a year ago to $108.1 million.

Net income in the quarter jumped 25.3% to $10.4 million or 40 cents per diluted share from $8.3 million or 33 cents in the same quarter last year.

Nike Inc (NKE), the sports footwear, apparel, equipment, accessories maker reported revenues in the second-quarter ending in November surged 10% from a year ago to $9.4 billion.

Net income in the quarter jumped 10% to $847 million or 52 cents per diluted share from $767 million or 46 cents in the same quarter last year.

Nike said higher income was driven by strong revenue growth and gross margin.

Zynga Inc (ZNGA), the social video game developer agreed to acquire Helsinki-based rival Small Giant Games, in a stock and cash for about $560 million in cash and stock.

Under the terms, Zynga offered $330 million in cash and $230 million of unregistered Zynga common stock.

The video game developer maker lifted fiscal 2018 booking forecast of about $260 million from the earlier estimate of $250 million and net loss of $1.5 million from the earlier estimate of $2 million.
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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