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DAILY EARNINGS

ConAgra, Clarcor, HIS, Rite Aid Net Climb


Author: Mukesh Buch
ticker.com
Last Update: 12:24 PM ET September 18 2014

12:30 AM New York ConAgra first-quarter net surged 229% to $485 million. Clarcor third-quarter net climbed 45% to $42 million. IHS third-quarter net doubled to $47 million. Rite Aid second-quarter net soared 290% to $128 million. United Natural Foods fourth-quarter net jumped 4% to $33 million.

Tollbooth Index gained 0.5% or 44.88 to 9,525.52.

Earnings Review

ConAgra Foods Inc (CAG), the packaged food maker reported total sales in the first-quarter ending on August 24 slid 0.4% to $3.70 billion from a year ago period.

Net income in the quarter surged 229.1% to $484.5 million or $1.12 a diluted share compared to $147.2 million or 34 cents from a same quarter last year.

Clarcor Inc (CLC), the filtration products provider said net sales in the third-quarter ending in August jumped 38% to $400.2 million from a year ago period.

Net earnings in the quarter climbed 45% to $41.7 million or 82 cents a diluted share compared to $28.7 million or 57 cents from a same quarter last year.

IHS Inc (IHS), the professional information services provider reported revenue in the third-quarter ending in August soared 16% to $556 million from a year ago period.

Net income in the quarter doubled to $46.5 million or 68 cents a diluted share compared to $23.4 million or 35 cents from a same quarter last year.

The company raised its revenue forecast for the year between $2.23 billion and $2.24 billion from earlier range of $2.17 billion to $2.23 billion and adjusted EBITDA between $685 million and $695 million but lowered its estimate of diluted earnings per share in the range of $5.70 to $5.80.

Rite Aid Corporation (RAD), the retail drugstore chain revenue in the second-quarter ending in August rose 3.9% to $6.5 billion from a year ago period.

Same store sales in the quarter jumped 4.1% and pharmacy sales rose 5.6%. The number of prescriptions filled in same stores increased 3.7% from the prior year period.

Net income in the quarter soared 289.6% to $127.8 million or 13 cents a diluted share compared to $32.8 million or 3 cents from a same quarter last year.

United Natural Foods, Inc (UNFI), the specialty foods retailer stated net sales in the fourth-quarter ending on August 2 soared 15.8% to $1.76 billion from a year ago period.

Net income in the quarter jumped 4% to $33.4 million or 67 cents a diluted share compared to $32.1 million or 65 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