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DAILY EARNINGS

Costco, Copart, Signet Net Climb; Palo Alto Net Loss Narrows


Author: Mukesh Buch
ticker.com
Last Update: 1:16 PM ET May 28 2015

12:30 AM New York Costco first-quarter net climbed 9% to $516 million. Copart third-quarter net soared 41% to $58 million. Palo Alto third-quarter net loss narrowed to $46 million. Sanderson Farms first-quarter net soared 40% to $71 million. Signet Jewelers first-quarter net climbed 23% to $119 million.

Tollbooth Index slid 0.2% or 25.79 to 10,764.92.

Earnings Review

Avago Technologies Ltd (AVGO), the chip maker said net revenues in the second-quarter ending on May 3 dropped 1% to $1.61 billion from a year ago period.

Net income in the quarter surged 117.7% to $344 million or $1.21 per diluted share compared to $158 million or 61 cents from the same quarter last year.

Abercrombie & Fitch Co. (ANF), the teen-apparel retailer said net sales in the first-quarter ending on May 2 plunged 11% to $448.9 million from a year ago period.

Comparable store sales in the quarter declined 7%.

Net loss in the quarter widened to $63.2 million or 91 cents per diluted share compared to $23.7 million or 32 cents from the same quarter last year.

Costco Wholesale Corporation (COST), the discount stores operator reported total revenues in the first-quarter ending on May 10 slipped 1% to $25.52 billion from a year ago period.

Comparable store sales in the quarter decreased 1%.

Net income in the quarter climbed 9% to $516 million or $1.17 per diluted share compared to $473 million or $1.07 from the same quarter last year.

Copart, Inc (CPRT), the online vehicle auctioneer stated revenues in the third-quarter ending in April dropped 4% to $297.1 million from a year ago period.

Net income in the quarter soared 40.8% to $57.6 million or 44 cents per diluted share compared to $40.9 million or 31 cents from the same quarter last year.

Popeyes Louisiana Kitchen Inc (PLKI), the quick-service restaurants operator said total revenues in the first-quarter ending on April 19 climbed 13.4% to $79.5 million from a year ago period.

Total domestic same store sales in the quarter soared 7.1% and global same store sales jumped 7%. International same-store sales advanced 6.1%.

Net income in the quarter surged 22.5% to $13.6 million or 58 cents per diluted share compared to $11.1 million or 46 cents from the same quarter last year.

Palo Alto Networks Inc (PANW), the enterprise security software provider reported revenues in the third-quarter ending in April jumped 55.4% to $234.2 million from a year ago period.

Net loss in the quarter narrowed to $45.9 million or 56 cents per diluted share compared to $146.4 million or $1.96 from the same quarter last year.

The company forecasted revenues for the fourth-quarter in the range of $252 million to $256 million and adjusted earnings per share between 24 cents and 25 cents.

Separately, the company agreed to acquire a Silicon Valley-based CirroSecure for an undisclosed amount.

Sanderson Farms, Inc (SAFM), the poultry processing company said revenues in the first-quarter ending in April climbed 8.4% to $716.6 million from a year ago period.

Net income in the quarter soared 39.6% to $71.2 million or $3.13 per diluted share compared to $51 million or $2.21 from the same quarter last year.

Signet Jewelers Ltd (SIG), the Bermuda-based specialty retail jeweler reported total revenues in the first-quarter ending on May 2 surged 44.9% to $1.53 billion from a year ago period.

Same-store sales in the quarter jumped 3.6%.

Net income in the quarter climbed 23% to $118.8 million or $1.48 per diluted share compared to $96.6 million or $1.20 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