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DAILY EARNINGS

Cisco, Dillard's Net Up; Kohlís, Prestige Brands Net Fall


Author: Mukesh Buch
ticker.com
Last Update: 12:00 PM ET May 16 2013

10:45 AM New York Ė Brady third quarter net plunged 85%. Cisco Systems third quarter net to $2.5 billion. Dillard''s first quarter net surged 27% to $117.2 million. Kohlís first quarter net declined 4% to $147 million. Prestige Brands fourth quarter net plunged 35% to $166 million. Wal-Mart first quarter net rose 1.1% to $3.78 billion.

Earnings Review

Brady Corporation (BRC), the identification solutions maker reported net sales in the third quarter ending in April climbed 11% to $305.7 million. Net income in the quarter plunged 85% to $4.23 million or 42 cents a diluted share compared to $27.7 million or 53 cents.

For the fourth quarter, the Brady expects continuing operations diluted per share between 45 cents and 55 cents.

Cisco Systems, Inc. (CSCO), network products maker reported net sales in the third quarter ending on April 27 advanced 5% to $12.2 billion. Net income in the quarter climbed 15% to $2.5 billion or 46 cents a diluted share compared to $2.2 billion or 40 cents.

Operating income for the quarter added 7% to $2.94 billion and gross margin increased 5% to $7.51 million.

Dillard''s, Inc. (DDS), the apparel retailer stated total revenue in the first quarter ending on May 4 was nearly flat at $1.55 billion. Comparable sales for the quarter increased to 1%.

Net income in the quarter surged 27% to $117.2 million or $2.50 a diluted share compared to $95 million or $1.89.

Flowers Foods, Inc. (FLO), the bakery products maker total revenues in the first quarter ending on April 20 soared 26% to $1.13 billion. Net income in the quarter surged 71% to $64.9 million or 46 cents a diluted share compared to $37.9 million or 28 cents.

First Majestic Silver Corp (AG), the Canada based silver producer said revenues in the first quarter ending in March climbed 16% to $67.1 million. Net earnings in the quarter nearly flat at $26.5 million or 23 cents a diluted share compared to $26.4 million or 25 cents.

Kohlís Corporation (KSS), the department stores stated sales in the first quarter ending on May 4 rose 1% to $4.20 billion. Comparable sales for the quarter decreased to 1.9%.

Net income in the quarter declined 4% to $147 million or 66 cents a diluted share compared to $154 million or 63 cents.

The company added in the quarter operating income slid 1% $317 million and gross margin nearly flat at $1.53 billion. For the second quarter, the Kohlís expects diluted earnings per share between $1 and $1.

Sapient Corporation (SAPE), the marketing company reported total revenues in the first quarter ending on May 9 jumped 13% to $303 million. Net income in the quarter plunged 26% to $6.6 million or 5 cents a diluted share compared to $8.9 million or 6 cents.

For the second quarter, the company expects service revenues in the range of $300 million to $310 million.

Prestige Brands Holdings, Inc (PBH), the consumer brands holding company stated revenues in the fourth quarter ending in March jumped 15% to $154.5 million. Net income in the quarter plunged 35% to $166 million or 48 cents a diluted share compared to $255 million or 72 cents.

The company added operating income in the quarter surged 122% to $50.2 million and gross profit climbed 29% to $88.1 million.

Wal-Mart Stores, Inc. (WMT), the retailer reported total revenues in the first quarter ending in April rose 1% to $114.2 billion. Net income in the quarter rose 1.1% to $3.78 billion or $1.14 a diluted share compared to $3.74 billion or $1.09.

Operating income for the quarter increased 1% to $6.5 billion.

Wal-Mart expects second quarter diluted earnings per share to be in the range of $1.22 to $1.27.
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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