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DAILY EARNINGS

Cisco Net Jumps, Kohl's Net Plunges; News Corp Net Swings to Loss


Author: Mukesh Buch
ticker.com
Last Update: 1:05 PM ET August 13 2015

12:30 AM New York – Advance Auto Parts second-quarter net climbed 8% to $150 million. Cisco fourth-quarter net jumped 3% to $2.3 billion. Dillard''s second-quarter net rose 2% to $30 million. Kohl''s second-quarter net plunged 44% to $130 million. News Corp fourth-quarter net swung to a loss of $379 million.

Tollbooth Index gained 55.69 or 0.5% to 10,857.80.

Earnings Review

Advance Auto Parts, Inc (AAP), the auto parts maker reported sales in the second-quarter ending on July 18 increased 0.9% to $2.37 billion form a year ago period.

Comparable store sales in the quarter rose 1%

Net income in the quarter climbed 7.5% to $150 million or $2.03 per diluted share compared to $139.5 million or $1.89 from the same quarter last year.

Coty Inc (COTY), the beauty products maker said net revenues in the second-quarter ending in June rose 2% to $1.02 billion form a year ago period.

Net in the quarter swung to profit $21 million or 5 cents per diluted share compared to net loss of $20.1 million or 5 from the same quarter last year.

Cisco Systems, Inc (CSCO), the internet networking products maker reported revenues in the fourth-quarter ending on July 25 jumped 3.9% to $12.84 billion form a year ago period.

Net income in the quarter climbed 3.1% to $2.32 billion or 45 cents per diluted share compared to $2.25 billion or 43 cents from the same quarter last year.

Cisco said product revenue in the quarter jumped 4% to $9.9 billion and service revenue increased 3.8% to $2.9 billion. Revenues in America climbed 7%.

The company forecasts first-quarter revenues to grow in the range of 2% to 4% and earnings per share between 55 cents and 57 cents.

Dillard''s, Inc (DDS), the department stores operator reported sales in the second-quarter ending on August 1 jumped 2% to $1.51 billion from a year ago period.

Net income in the quarter rose 2% to $29.9 million or 75 cents per diluted share compared to $34.5 million or 80 cents from the same quarter last year.

G&K Services Inc (GK), the uniform and facility services provider stated revenues in the fourth-quarter ending on June 27 rose 3% to $236.6 million form a year ago period.

Net income in the quarter declined 10.2% to $14.1 million or 71 cents per diluted share compared to $15.7 million or 78 cents from the same quarter last year.

Kohl''s Corporation (KSS), the specialty department store operator reported sales in the second-quarter ending on August 1 edged up 0.6% to $4.27 billion from a year ago period.

Comparable store sales in the quarter rose 0.1%

Net income in the quarter plunged 44% to $130 million or 66 cents per diluted share compared to $232 million or $1.13 from the same quarter last year.

News Corp (NWSA), the diversified media and entertainment conglomerate reported revenues in the fourth-quarter ending in June dropped 2.3% to $2.14 billion form a year ago period.

Net in the quarter swung to a loss of $379 million or 65 cents per diluted share compared to profit of $12 million or 2 cents from the same quarter last year.

The company is in “advance talk” with a potential buyer for the education business and plans to wind down the production of tablets for schoolchildren and write-down $371 million in the education division.

Store Capital Corp (STOR), the real estate developer stated total revenues in the second-quarter ending in June climbed 53% to $68.9 million form a year ago period.

Net income in the quarter surged 88.5% to $19.6 million or 17 cents per diluted share compared to $10.4 million or 15 cents 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