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DAILY EARNINGS

Comcast, Domino's, Home Depot Net Jump; Macy's Net Falls


Author: Mukesh Buch
ticker.com
Last Update: 12:47 PM ET February 24 2015

12:30 AM New York American Tower fourth-quarter net surged 69% to $169 million. Comcast fourth-quarter net rose 1% to $1.9 billion. Domino''s Pizza fourth-quarter net jumped 7% to $48 million. Home Depot fourth-quarter net surged 36% to $1.4 billion. Macy''s fourth-quarter net fell 2% to $793 million.

Tollbooth Index nearly rose 0.1% or 10.72 to 10,674.36.

Earnings Review

American Tower Corp (AMT), the communication infrastructure developer reported revenues in the fourth-quarter ending in December soared 11.5% to $1.05 billion form a year ago period.

Net income in the quarter surged 68.6% to $168.6 million or 42 cents per diluted share compared to $99.98 million or 25 cents from the same quarter last year.

The company forecasted total revenue for fiscal 2015 between $4.25 billion and $4.33 billion and net income in the range of $945 million to $995 million.

Today, the company announced a separate public offering plan of 23,500,000 shares of its common stock and 12,500,000 depositary shares and use net proceeds to finance the Verizon transaction and to pay related fees and expenses.

Comcast Corporation (CMCSA), the media and technology company reported revenues in the fourth-quarter ending in December jumped 4.7% to $17.73 billion from a year ago period.

Net income in the quarter rose 1% to $1.93 billion or 74 cents per diluted share compared to $1.91 billion or 72 cents from the same quarter last year.

The company said revenues in the quarter from cable communications business jumped 6.1% to $ 11.3 billion and revenues from NBC Universal segment increased 2.3% to $6.6 billion.

Revenues from the Cable Networks business were stable at $2.3 billion while revenue from the Broadcast Television segment increased 4.8% to $ 2.3 billion.

Domino''s Pizza, Inc (DPZ), the pizza retail chain stated revenues in the fourth-quarter ending in December soared 13.5% to $642.95 million from a year ago period.

Domestic company-owned same stores sales in the quarter soared 11.9% and domestic franchise stores sales jumped 11%. International division same-store sales climbed 6.1% and total global retail sales surged 10.6%.

Net income in the quarter jumped 7.5% to $48 million or 85 cents per diluted share compared to $44.7 million or 78 cents from the same quarter last year.

Daktronics, Inc (DAKT), the electronic scoreboard supplier said net sales in the third-quarter ending in December rose 2.3% to $118.1 million from a year ago period.

Net income in the quarter tumbled 79.1% to $0.6 million or 1 cents per diluted share compared to $2.87 million or 7 cents from the same quarter last year.

Express Scripts Holding Company (ESRX), the healthcare company said revenues in the fourth-quarter ending in December rose 1.9% to $26.3 billion from a year ago period.

Net income in the quarter soared 15.9% to $581.8 million or 79 cents per diluted share compared to $501.9 million or 63 cents from the same quarter last year.

The company said total claims volume dropped 7% to 337 million from a year ago period

Express Scripts forecasted adjusted earnings per share for the first-quarter in a range of $1.07 to $1.11 and adjusted earnings per share for the year between $5.35 and $5.49 per share.

Home Depot Inc (HD), the home improvement retailer said net sales in the fourth-quarter ending on February 1 climbed 8.3% to $19.16 billion from a year ago period. Comparable store sales in the quarter jumped 2%.

Net income in the quarter surged 36.1% to $1.38 billion or $1.05 per diluted share compared to $1.01 billion or 73 cents from the same quarter last year.

Macy''s, Inc (M), the department store operator reported net sales in the fourth-quarter ending in January rose 1.7% to $9.36 billion from a year ago period. Comparable store sales in the quarter jumped 2%.

Net income in the quarter fell 2.2% to $793 million or $2.26 per diluted share compared to $811 million or $2.16 from the same quarter last year.

Toll Brothers Inc (TOL), the homebuilder and property developer said revenues in the first-quarter ending in December surged 33% to $853.5 million from a year ago period.

Net income in the quarter jumped 78.3% to $81.3 million or 44 cents per diluted share compared to $45.6 million or 25 cents from the same quarter last year.

During the quarter, the home deliveries increased 18% to 1,091 units and forecasted to deliver between 5,200 and 6,000 homes in fiscal 2015 an average price of $725,000 to $760,000 compared to previous guidance of 5,000 to 6,000 homes at an average price of $710,000 to $760,000.
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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