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DAILY EARNINGS

Carnival, Lululemon, Paychex Net Surge; UniFirst Net Plunges


Author: Mukesh Buch
ticker.com
Last Update: 11:54 AM ET March 30 2016

12:00 PM New York Carnival first-quarter net surged 190% to $142 million. Lululemon fourth-quarter net rose 6% to $117 million. Paychex third-quarter net soared 7% to $180 million. UniFirst second-quarter net plunged 8% to $24 million. Verint Systems fourth-quarter net surged 280% to $18 million.

Tollbooth Index gained 83.66 or 0.8% to 10,828.85.

Earnings Review

Carnival Corporation (CCL), the cruise liners operator said revenues in the first-quarter ending in February increased 3.4% from a year ago to $3.65 billion.

Net income in the quarter surged 189.8% to $142 million or 18 cents per diluted share compared to $49 million or 6 cents per share from the same quarter last year.

In the second-quarter, the cruise operator forecasted net revenue to increase between 1.5% and 2.5% and earnings per share in the range of 34 cents to 38 cents compared to year ago period.

InterOil Corporation (IOC), the Singapore-based oil and gas explorer stated total revenues in the fourth-quarter ending in December swung to profit of $11.7 million from a revenues loss of $13.2 million in the same period a year ago.

Net loss in the quarter widened to $83.8 million or $1.69 per diluted share compared to $64.2 million or $1.30 per share from the same quarter last year.

Lululemon Athletica Inc (LULU), the athletic apparel designer and retailer reported net revenues in the fourth-quarter ending in January advanced 17% from a year ago to $704.3 million.

Same store sales in the quarter jumped 11% and direct to consumer net revenue increased 28% to $146.3 million.

Net income in the quarter rose 5.9% to $117.4 million or 85 cents per diluted share compared to $110.9 million or 78 cents per share from the same quarter last year.

The athletic apparel designer estimated net revenue in the first-quarter in the range of $483 million to $488 million and total comparable sales increase in the mid-single digits and diluted earnings per share between 28 cents and 30 cents.

In the year, Lululemon forecasted net revenues between $2.29 billion and $2.34 billion and total comparable sales increase in the mid-single digits on a constant dollar basis and diluted earnings per share in the range of $2.05 to $2.15.

Paychex, Inc (PAYX), the outsourcing services provider reported total revenues in the third-quarter ending in February jumped 7% from a year ago to $752.6 million.

Net income in the quarter soared 7% to $180.4 million or 50 cents per diluted share compared to $169.4 million or 46 cents per share from the same quarter last year.

Sonic Corporation (SONC), the chain of drive-in restaurants operator stated total revenues in the second-quarter ending in February rose 5.5% from a year ago to $133.2 million.

System same store sales in the quarter advanced 6.5%.

Net income in the quarter jumped 40.2% to $10.8 million or 22 cents per diluted share compared to $7.7 million or 14 cents per share from the same quarter last year.

UniFirst Corp (UNF), the workplace uniforms provider revenues in the second-quarter ending in February edged up 0.5% from a year ago to $363.1 million.

Net income in the quarter plunged 7.7% to $23.5 million or $1.16 per diluted share compared to $25.4 million or $1.26 per share from the same quarter last year.

The company lowered annual revenue forecast between $1.455 billion and $1.467 billion compared to earlier estimated range of $1.46 billion and $1.475 billion and earnings per share between $5.45 and $5.65 from previously forecasted range between $5.60 and $5.80.

Verint Systems Inc (VRNT), the software services provider said total revenues in the fourth-quarter ending in January declined 9.9% from a year ago to $280.8 million.

Net income in the quarter surged 280.4% to $17.5 million or 28 cents per diluted share compared to $4.6 million or 7 cents per share 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