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DAILY EARNINGS

Costco, Chico's, Pall Net Climb; Tech Data Net Declines


Author: Mukesh Buch
ticker.com
Last Update: 12:14 PM ET May 29 2014

10:45 AM New York Costco third-quarter net rose 3% to $473 million. Chico''s first-quarter net jumped 6% to $40 million. Palo Alto third-quarter net loss widened to $139 million. Pall third-quarter net surged 21% to $89 million. Tech Data first-quarter net plunged 24% to $14 million.

Earnings Review

Abercrombie & Fitch Co (ANF), the specialty retailer said net sales in the first-quarter ending on May 4 fell 2% to $822.4 million. Comparable sales in the quarter slid 1%.

Net loss in the quarter widened to $23.7 million or 32 cents a diluted share compared to $7.2 million or 9 cents.

Costco Wholesale Corporation (COST), the wholesale club operator reported net sales in the third-quarter ending on May 11 climbed 7.2% to $25.2 billion. Comparable sales in the quarter jumped 4%.

Net income in the quarter rose 3% to $473 million or $1.07 a diluted share compared to $459 million or $1.04.

Chico''s FAS, Inc (CHS), the women''s apparel retailers said net sales in the first-quarter ending on May 3 rose 1.6% to $681.6 million. Comparable sales in the quarter fell 2.6%.

Net income in the quarter jumped 5.9% to $39.9 million or 26 cents a diluted share compared to profit of $51.1 million or 31 cents.

Palo Alto Networks Inc (PANW), the network security platform provider said total revenue in the third-quarter ending in April soared 49% to $150.7 million.

Net loss in the quarter widened to $139.1 million or $1.86 a diluted share compared to $7.3 million or 10 cents.

Pall Corporation (PLL), the filtration equipment provider stated sales in the third-quarter ending in April jumped 6% to $682.4 million.

Net earnings in the quarter surged 21.5% to $88.7 million or 80 cents a diluted share compared to $73 million or 65 cents.

Sanderson Farms, Inc (SAFM), the poultry processing company stated net sales in the second-quarter ending in April increased 6.3% to $660.7 million.

Net income in the quarter climbed 14.3% to $51 million or $2.21 a diluted share compared to $24.4 million or $1.06.

Tech Data Corp (TECD), the technology products wholesaler reported total revenue in the first-quarter ending in April climbed 9% to $6.73 billion.

Net income in the quarter plunged 24.1% to $13.5 million or 35 cents a diluted share compared to $17.8 million or 47 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