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DAILY EARNINGS

DISH, Ecolab, HP, Priceline.com Net Surge


Author: Mukesh Buch
ticker.com
Last Update: 11:52 AM ET February 21 2014

10:45 AM New York Agrium fourth-quarter net tumbled 72% to $99 million. DISH Network fourth-quarter net climbed 38% to $288 million. Ecolab fourth-quarter net surged 24% to $287 million. Hewlett-Packard first-quarter net soared 16% to $1.4 billion. Priceline.com fourth-quarter net surged 31% to $378 million.

Earnings Review

Agrium Inc (AGU), the agricultural products maker said sales in the fourth-quarter ending in December dropped 7% to $2.87 billion.

Net income in the quarter tumbled 72% to $99 million or 66 cents a diluted share compared to $354 million or $2.34.

The company said whole sale sales in the quarter declined 24% to $963 million and retail sales jumped 6% to $2.1billion.

DISH Network Corp (DISH), the pay-television service provider reported total revenue in the fourth-quarter ending in December jumped 6.6% to $3.54 billion.

Net income in the quarter climbed 37.7% to $288 million or 63 cents a diluted share compared to $209.1 million or 46 cents.

For the full year, Dish activated about 2.666 million gross new pay-TV subscribers, decline from 2.739 million in 2012. Dish ended 2013 with approximately 14.057 million pay-TV subscribers and added approx 253,000 net broadband subscribers in 2013.

The company said average monthly revenue per subscriber for the Pay-TV increased to $80.37 from $76.98 a year earlier.

Donaldson Company, Inc (DCI), the purification systems maker said revenue in the second-quarter ending in January fell 2% to $582 million.

Net earnings in the quarter soared 15% to $58 million or 39 cents a diluted share compared to $51 million or 34 cents.

For the year, the company expects sales to be between $2.45 billion and $2.55 billion, an increase of 1% to 5% and earnings per share in the range of $1.65 to $1.85.

Ecolab Inc (ECL), the sanitizing products maker reported net sales in the fourth-quarter ending in December soared 17% to $3.56 billion.

Net income in the quarter surged 24% to $287.1 million or 93 cents a diluted share compared to $231.4 million or 77 cents.

Ecolab expects adjusted earnings per share for the year in the range of $4.10 to $4.20 range, representing increase between 16% and 19% a year ago period.

Echostar Corporation (SATS), the set-top boxes maker stated total revenue in the fourth-quarter ending in December grew 2.8% to $808 million.

Net income in the quarter surged 24% to $4.5 million or 5 cents a diluted share compared to $26.2 million or 28 cents.

Hewlett-Packard Company (HPQ), the PC maker stated revenue in the first-quarter ending in January slid 1% to $28.2 billion.

Net earnings in the quarter soared 16% to $1.4 billion or 74 cents a diluted share compared to $1.2 billion or 63 cents.

The company added revenue from the personal systems segment climbed 4% and printing revenue fell 2%. Revenue in the enterprise services business declined 7% and revenue from the software segment dropped 4%.

HP forecasted diluted earnings per share in the second-quarter in the range of 62 cents to 65 cents and for the year diluted earnings per share between $2.85 and $3.

Priceline.com Inc (PCLN), the online travel company reported total revenue in the fourth-quarter ending in December climbed 29.4% to $1.54 billion.

Net income in the quarter surged 30.9% to $378.08 million or $7.14 a diluted share compared to $288.7 million or $5.63.

The travel company revised and corrected its mobile bookings growth from 260% to 160% and said total transaction value of mobile accommodation bookings in 2013 more than doubled to $8 billion from above $3 billion in 2012.
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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