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DAILY EARNINGS

CarMax, Red Hat Net Soar; Finisar, KB Home Net Fall


Author: Mukesh Buch
ticker.com
Last Update: 11:59 AM ET June 19 2015

12:30 AM New York CarMax first-quarter net jumped 7% to $182 million. Finisar fourth-quarter net plunged 75% to $7 million. KB Home second-quarter net tumbled 64% to $10 million. Red Hat first-quarter net surged 28% to $48 million. Smith & Wesson fourth-quarter net declined 13% to $22 million.

Tollbooth Index slid 10.50 to 10,857.98.

Earnings Review

CarMax, Inc (KMX), the card dealer and services provider reported revenues in the first-quarter ending in May climbed 7.1% to $4.01 billion from a year ago period.

Net income in the quarter jumped 7.3% to $181.9 million or 86 cents per diluted share compared to $169.7 million or 76 cents from the same quarter last year.

The company said total used vehicle unit sales soared 9.3% and comparable store used unit sales increased 4.9%.

Finisar Corporation (FNSR), the communication products provider said revenues in the fourth-quarter ending on May 3 increased 4.6% to $320 million from a year ago period.

Net income in the quarter plunged 74.6% to $7.3 million or 7 cents per diluted share compared to $28.8 million or 28 cents from the same quarter last year.

The company forecasted revenues for the first-quarter in the range of $308 million to $328 million and adjusted earnings per share between 23 cents and 29 cents.

KB Home (KBH), the homebuilder said revenues in the second-quarter ending in May climbed 10% to $623 million from a year ago period.

Net income in the quarter tumbled 63.9% to $9.6 million or 10 cents per diluted share compared to $26.6 million or 27 cents from the same quarter last year.

Red Hat Inc (RHT), the open source software developer reported revenues in the first-quarter ending in May soared 14% to $481 million from a year ago period.

Net income in the quarter surged 27.6% to $48.1 million or 26 cents per diluted share compared to $37.7 million or 20 cents from the same quarter last year.

Smith & Wesson Holding Corp (SWHC), the firearms maker said net sales in the fourth-quarter ending in April jumped 6.2% to $181 million from a year ago period.

Net income in the quarter declined 12.7% to $21.9 million or 40 cents per diluted share compared to $25.1 million or 44 cents from the 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