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DAILY EARNINGS

Costco, Paychex Profit Soar; Actuant Net Tumbles


Author: Mukesh Buch
ticker.com
Last Update: 1:16 PM ET September 30 2015

12:30 AM New York Actuant fourth-quarter net tumbled 38% to $22 million. Barracuda Networks second-quarter net swung to a loss of $2 million. Costco fourth-quarter net surged 10% to $767 million. Diamond Foods fourth-quarter net swung to profit $8 million. Paychex first-quarter net soared 22% to $209 million.

Tollbooth Index jumped 100.51 or 1% to 10,057.

Earnings Review

Actuant Corporation (ATU), the diversified machinery products maker said total sales in the fourth-quarter ending in August plunged 15% from a year ago to $300.4 million.

Net income in the quarter tumbled 37.9% to $22.1 million or 37 cents per diluted share compared to $35.6 million or 51 cents from the same quarter last year.

For the year, the company lowered revenues forecast to decline between 1% and 4% or in the range of $1.16 billion to $1.20 billion and earnings per share between $1.20 and $1.40.

Barracuda Networks Inc (CUDA), the security and storage solution provider said total revenues in the second-quarter ending in August soared 14.1% from a year ago to $78.4 million.

Net in the quarter swung to a loss of $2.2 million or 4 cents per diluted share compared to profit of $0.7 million or 1 cent from the same quarter last year.

Costco Wholesale Corporation (COST), the discount stores operator reported net sales in the fourth-quarter ending in August rose 1% from a year ago to $34.99 billion.

Comparable store sales in the quarter decreased 1% but comparable store sales in the U.S. jumped 2% while sales in Canada declined 10% and international sales slumped 7%.

Net income in the quarter surged 10% to $767 million or $1.73 per diluted share compared to $697 million or $1.58 from the same quarter last year.

Diamond Foods, Inc (DMND), the packaged food company net revenues in the fourth-quarter ending in July jumped 7.9% from a year ago to $201.8 million.

Net in the quarter swung to profit $7.9 million or 25 cents per diluted share compared to a loss of $1.9 million or 6 cents from the same quarter last year.

Pfizer Inc (PFE), the biopharmaceutical company lifted revenues forecast for the year after acquisition of hospital products maker Hospira Inc for about $15.2 billion.

Pfizer estimated revenues for the year in the range of $46.5 billion to $47.5 billion from the prior guidance of $45 billion to $46.5 billion.

The company lowered earnings per share forecast for the year between $1.29 and $1.38 from earlier estimated range of $1.38 to $1.47 per share.

Paychex, Inc (PAYX), the outsourcing services provider reported total revenues in the first-quarter ending in August jumped 8% from a year ago to $723 million.

Net income in the quarter soared 22% to $209.1 million or 58 cents per diluted share compared to $171.3 million or 47 cents from the same quarter last year.

Paychex forecasted revenues for the year to jump between 7% and 8% and net income to gain in the range of 8% to 9%.
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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