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DAILY EARNINGS

CarMax, Cintas, Paychex Net Climb; Red Hat Net Declines


Author: Mukesh Buch
ticker.com
Last Update: 12:35 PM ET December 19 2014

12:30 AM New York BlackBerry third-quarter net loss narrowed to $148 million. CarMax third-quarter net climbed 22% to $130 million. Cintas second-quarter net surged 42% to $120 million. Paychex second-quarter net jumped 9% to $173 million. Red Hat third-quarter net declined 8% to $48 million.

Tollbooth Strategy Index slid 0.2% or 24.66 to 9,976.63.

Earnings Review

BlackBerry Ltd (BBRY), the Canada-based mobile company said revenues in the third-quarter ending in November plunged 33.4% to $976 million from a year ago period.

Net loss in the quarter narrowed to $148 million or 28 cents a diluted share compared to $4.40 billion or $8.37 from a same quarter last year.

CarMax, Inc (KMX), the car dealer reported net sales in the third-quarter ending in November surged 15.8% to $3.41 billion from a year ago period. Used unit sales in comparable stores in the quarter jumped 7.4%.

Net earnings in the quarter climbed 22.2% to $130 million or 60 cents a diluted share compared to $106.5 billion or 47 cents from a same quarter last year.

Cintas Corporation (CTAS), the uniform and other cleaning services provider stated total revenues in the second-quarter ending were flat at $1.12 billion from a year ago.

Net income in the quarter surged 41.9% to $120.4 million or $1 a diluted share compared to $84.9 million or 70 cents from a same quarter last year.

Finish Line Inc (FINL), the mall-based specialty retailer said net sales in the third-quarter ending on November 29 jumped 8.6% to $395.8 million from a year ago period. Comparable store sales in the quarter climbed 4.5%.

Net income in the quarter soared 11.2% to $2.6 million compared to $2.3 million and diluted earnings per share were flat at 5 cents from a same quarter last year.

Paychex, Inc (PAYX), the outsourcing service provider reported revenues in the second-quarter climbed 10% to $676.3 million from a year ago period.

Net income in the quarter jumped 9% to $173 million or 47 cents a diluted share compared to $158.7 million or 43 cents from a same quarter last year.

Red Hat Inc (RHT), the open source software developer said total revenues in the third-quarter ending in November jumped 15% to $456 million from a year ago period.

Net income in the quarter declined 7.7% to $48 million or 26 cents a diluted share compared to $52 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