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DAILY EARNINGS

Carnival, Micron, Sonic, Walgreen Net Climb


Author: Mukesh Buch
ticker.com
Last Update: 12:19 PM ET June 24 2014

10:45 AM New York Carnival second-quarter net jumped 159% to $106 million. Micron Technology third-quarter net surged to $806 million. Sonic third-quarter net jumped 14% to $17 million. Walgreen third-quarter net soared 16% to $722 million.

Earnings Review

Carnival Corporation (CCL), the cruise company reported total revenue in the second-quarter ending in May rose 2.9% to $3.63 billion.

Net income in the quarter jumped 158.5% to $106 million or 14 cents a diluted share compared to $41 million or 5 cents.

Micron Technology, Inc (MU), the flash memory maker stated revenue in the third-quarter ending on May 29 soared 72% to $3.98 billion.

Net income in the quarter surged to $806 million or 68 cents a diluted share compared to $43 million or 4 cents.

Sonic Corporation (SONC), the drive-in restaurants operator said sales in the third-quarter ending in May climbed 3.8% to $152.2 million. Same-store sales in the quarter surged 5.3%.

Net income in the quarter jumped 13.5% to $16.8 million or 30 cents a diluted share compared to $14.8 million or 26 cents.

Walgreen Company (WAG), the drugstore retailer reported sales in the third-quarter ending in May jumped 5.9% to $19.4 billion. Comparable store sales in the quarter climbed 4.8%.

Net earnings in the quarter soared 15.7% to $722 million or 75 cents a diluted share compared to $624 million or 65 cents.
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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