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DAILY EARNINGS

Carnival, FactSet Research Profit Rise; IHS Profit Drops


Author: Mukesh Buch
ticker.com
Last Update: 1:00 PM ET June 28 2016

12:00 PM New York Barnes & Noble fourth-quarter net loss widened to $3 million. Carnival second-quarter net soared 173% to $605 million. FactSet Research third-quarter net jumped 9% to $67 million. IHS second-quarter net fell 2% to $50 million.

Tollbooth Index jumped 83.34 or 0.8% to 10,237.36.

Earnings Review

Barnes & Noble Education Inc (BNED), the bookstore chain operator said revenues in the fourth-quarter ending in April soared 7.6% from a year ago to $294.8 million.

Comparable store sales in the quarter jumped 4.5% but in the year comparable store sales decreased 1.9%.

Net loss in the quarter widened to $2.8 million or 6 cents per diluted share compared to $0.3 million or 1 cent per share from the same quarter last year.

The book retailer forecasted total sales in the fiscal 2017 to increase between 2% to 4% while comparable store sales are expected to be between flat and 2% lower than the prior year.

Carnival Corporation (CCL), the cruise line operator reported revenues in the second-quarter ending in May jumped 3.3% from a year ago to $3.71 billion.

Net income in the quarter soared 172.5% to $605 million or 80 cents per diluted share compared to $222 million or 29 cents per share from the same quarter last year.

In the third-quarter, the cruise line operator estimated earnings per share in the range of $1.83 to $1.87.

Carnival lifted earnings per share forecast in the fiscal year between $3.25 and $3.35 compared to March guidance of $3.20 to $3.40.

FactSet Research Systems Inc (FDS), the professional information provider stated revenues in the third-quarter ending in May surged 13% from a year ago to $287.5 million.

Net income in the quarter jumped 8.8% to $66.8 million or $1.62 per diluted share compared to $61.4 million or $1.45 per share from the same quarter last year.

The company estimated revenues in the fourth-quarter between $292 million and $298 million and operating margin in the range of 31% to 32% and diluted earnings per share between $1.61 and $1.65.

IHS Inc (IHS), the analytical information services provider said revenues in the second-quarter ending in May advanced 6% from a year ago to $587.9 billion.

Net income in the quarter fell 2% to $50.1 million compared to $50.9 million and diluted earnings per share were flat at 74 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