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DAILY EARNINGS

Ciena, Dollar General Net Jump; Vail Resorts Net Loss Narrows


Author: Mukesh Buch
ticker.com
Last Update: 12:23 PM EST December 07 2017

11:45 PM New York Ciena fourth-quarter net soared 30% to $26 million. Cantel Medical first-quarter net surged to $1.2 billion. Dollar General third-quarter net jumped 8% to $253 million Ferrellgas Partners fourth-quarter net loss widened to $47 million. Vail Resorts first-quarter net loss narrowed to $28 million.

Tollbooth Index advanced 79 or 0.6% to 13,699.34.

Earnings Review

Ciena Corporation (CIEN), the network technology provider said revenues in the fourth-quarter ending in October jumped 17.4% from a year ago to $456.7 million.

Net income in the quarter soared 30.3% to $25.8 million or 51 cents per diluted share from $19.8 million or 38 cents in the same quarter last year.

Cantel Medical Corp (CMD) jumped 3.4% or $3.41 to $103.62 after the infection prevention products provider reported revenues in the first-quarter ending in October soared 13.4% from a year ago to $212.8 million.

Net income in the quarter surged 21.8% to $22.9 million or 55 cents per diluted share from $18.8 million or 45 cents in the same quarter last year.

Conn''s Inc (CONN), the specialty retailer said revenues in the third-quarter ending in October slumped 5.3% from a year ago to $373.2 million.

Net in the quarter swung to profit $1.6 million or 5 cents per diluted share from a loss of $3.8 million or 12 cents in the same quarter last year.

Dollar General Corp (DG), the discount retailer reported revenues in the third-quarter ending in October surged 11% from a year ago to $5.9 billion.

Same store sales in the quarter jumped 4.3%.

Net income in the quarter jumped 7.7% to $252.5 million or 93 cents per diluted share from $235.3 million or 84 cents in the same quarter last year.

The discount retailer lowered fiscal 2018 diluted earnings per share forecast to a range between $4.37 and $4.47 from the earlier estimate range between $4.35 and $4.50 and net sales growth estimate to 7% compared to the prior guidance of between 5% and 7%.

Ferrellgas Partners, L.P (FGP), the propane and related equipment provider stated total revenues in the fourth-quarter ending in October advanced 19.8% from a year ago to $454.7 million.

Net loss in the quarter widened to $47.4 million or 49 cents per diluted share from $42.6 million or 44 cents in the same quarter last year.

Methode Electronics Inc (MEI), the wireless and sensing technology provider reported revenues in the second-quarter ending on October 28 jumped 9.9% from a year ago to $230.1 billion.

Net income in the quarter fell 2.8% to $24.2 million or 64 cents per diluted share from $24.9 million or 66 cents in the same quarter last year.

Vail Resorts, Inc (MTN), the ski and mountain resorts operator said revenues in the first-quarter ending in October surged 23.9% from a year ago to $220.9 million.

Net loss in the quarter narrowed to $28.4 million or 71 cents per diluted share from $62.6 million or $1.70 in 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