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DAILY EARNINGS

Cintas Net Climbs 42%, Walgreen Net Swings to Loss


Author: Mukesh Buch
ticker.com
Last Update: 12:54 PM ET September 30 2014

12:30 AM New York Cintas first-quarter net surged 42% to $110 million. Synnex third-quarter net dropped 4% to $45 million. TravelCenters second-quarter net declined 15% to $14 million. Walgreen fourth-quarter net swung to a loss of $239 million.

Tollbooth Index gained 0.5% or 45.74 to 9,314.30.

Earnings Review

Cintas Corporation (CTAS), the business support services provider reported total revenue in the first-quarter ending in August edged up 0.2% to $1.10 billion from a year ago period.

Net income in the quarter surged 41.6% to $110.1 million or 93 cents a diluted share compared to $77.8 million or 63 cents from a same quarter last year.

Synnex Corporation (SNX), the business process service provider said revenue in the third-quarter ending in August climbed 29.3% to $3.54 billion from a year ago period.

Net income in the quarter dropped 3.5% to $45 million or $1.15 a diluted share compared to $46.6 million or 19 cents from a same quarter last year.

TravelCenters of America LLC (TA), the traveling company said total revenue in the total revenue in the second-quarter ending in June jumped 3% to $2.08 billion from a year ago period.

Net income in the quarter declined 15% to $13.6 million or 36 cents a diluted share compared to $16 million or 54 cents from a same quarter last year.

Walgreen Company (WAG), the retail drugstore chain reported sales in the fourth-quarter ending in August climbed 6.2% to $19.1 billion a year ago period.

Comparable store sales in the quarter jumped 5.4% and front-end comparable store sales increased 1.3%.Customer traffic in comparable stores dropped 2.2% while Prescriptions filled in comparable stores climbed 3.9% and prescription sales in comparable stores surged 7.8%.

Net in the quarter swung to a loss of $239 million or 25 cents a diluted share compared to profit of $657 million or 69 cents from a 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