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DAILY EARNINGS

Clarcor, IHS, Kroger Net Jump, Rite Aid, Red Hat Net Fall


Author: Mukesh Buch
ticker.com
Last Update: 11:42 AM ET June 19 2014

10:45 AM New York BlackBerry first-quarter net swung to profit $23 million. Clarcor second-quarter net jumped 5% to $35 million. IHS second-quarter net soared 28% to $55 million. Kroger first-quarter net jumped 4% to $501 million. Rite Aid first-quarter net plunged 54% to $41 million.

Earnings Review

BlackBerry Limited (BBRY), the Canada-based mobile communication devices maker stated revenues in the first-quarter ending on May 24 decreased 1% to $966 million.

Net in the quarter swung to profit $23 million or 37 cents a diluted share compared to a loss of $423 million or 80 cents.

In the quarter, BlackBerry booked revenues for 2.6 million smartphone sales, an increase from 1.3 million devices in the previous quarter.

Clarcor Inc (CLC), the filtration products provider said net sales in the second-quarter ending in May surged 34% to $386.6 million.

Net earnings in the quarter jumped 5% to $34.6 million or 68 cents a diluted share compared to $33.1 million or 66 cents.

IHS Inc. (IHS), the professional information services reported total net revenues in the second-quarter ending in May surged 36% to $568 million.

Net income in the quarter soared 28% to $55 million or 81 cents a diluted share compared to $43 million or 65 cents.

The Kroger Co (KR), the food retailer said total net revenues in the first-quarter ending on May 24 climbed 9.9% to $33 billion.

Net income in the quarter advanced 4.2% to $501 million or 98 cents a diluted share compared to $481 million or 92 cents.

Rite Aid Corporation (RAD), the drugstore chain reported revenue in the first-quarter end in May rose 2.7% to $6.5 billion.

The company said same-store sales in the quarter jumped 3.1% and front-end same-store sales were flat while pharmacy same-store sales climbed 4.6%. The number of prescriptions filled in same-stores increased 2.3%.

Net income in the quarter plunged 53.8% to $41.4 million or 4 cents a diluted share compared to $89.7 million or 9 cents.

Rite Aid confirmed sales are expected for the year between $26 billion and $26.5 billion and same-store sales to increase in the range of 2.5% to 4.5% and net income to jump between $298 million and $408 million and diluted income per share in the range of 30 cents to 40 cents.

Red Hat Inc (RHT), the open source software developer said revenue in the first-quarter ending in May soared 17% to $424 million.

Net income in the quarter dropped 6.7% to $37.7 million or 20 cents a diluted share compared to $40.4 million or 21 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