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DAILY EARNINGS

Costco, Korn/Ferry Net Climb; Ferrellgas Net Loss Widens


Author: Mukesh Buch
ticker.com
Last Update: 12:02 PM ET December 10 2014

12:30 AM New York Costco first-quarter net soared 17% to $496 million. Ferrellgas first-quarter net loss widened to $33 million. Krispy Kreme third-quarter net climbed 19% to $8 million. Korn/Ferry Intl second-quarter net soared 35% to $25 million. Toll Brothers fourth-quarter net surged 39% to $132 million.

Tollbooth Index slid 0.4% or 34.76 to 9,936.57.

Earnings Review

Costco Wholesale Corporation (COST), the discount store operator reported net sales in the first-quarter ending on November 23 climbed 7% to $26.28 billion from a year ago period. Comparable store sales in the quarter jumped 5%.

Net income in the quarter soared 16.7% to $496 million or $1.12 a diluted share compared to $425 million or 96 cents from a same quarter last year.

Comverse Inc (CNSI), the telecom service provider stated revenues in the third-quarter ending in October declined 23.2% to $123.1 million from a year ago period.

Net income in the quarter tumbled 95.9% to $0.95 million or 4 cents a diluted share compared to $23.1 million or $1.03 from a same quarter last year.

Ferrellgas Partners, L.P (FGP), the propane distributor said revenues in the first-quarter ending in October increased 3.2% to $394.4 million from a year ago period.

Net loss in the quarter widened to $32.5 million or 40 cents a diluted share compared to $24.6 million or 31 cents from a same quarter last year.

Krispy Kreme Doughnuts (KKD), the doughnuts retailer said stated revenues in the third-quarter ending on November 2 climbed 7.6% to $122.9 million from a year ago period. System-wide domestic same store sales jumped 3.7%.

Net income in the quarter climbed 19.1% to $8.1 million or 12 cents a diluted share compared to $6.8 million or 9 cents from a same quarter last year.

Korn/Ferry International (KFY), the executive recruitment company said total revenues in the second-quarter ending in October advanced 7.5% to $264.7 million from a year ago period.

Net income in the quarter soared 35.1% to $25.4 million or 51 cents a diluted share compared to $18.8 million or 38 cents from a same quarter last year.

Toll Brothers Inc (TOL), the homebuilder reported revenues in the fourth-quarter ending in October jumped 29% to $1.35 billion from a year ago period.

Net income in the quarter surged 38.6% to $131.5 million or 71 cents a diluted share compared to $94.9 million or 53 cents from a same quarter last year.

The company said average price of homes delivered climbed 6.2% to $747,000, compared to $732,000 in fiscal third quarter and $703,000 in the same quarter a year ago.
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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