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DSW, FactSet, FutureFuel Net Rise; Hertz Net Loss Narrows

Author: Mukesh Buch
Last Update: 1:16 PM ET March 18 2014

10:45 AM New York DSW fourth-quarter net jumped 4% to $28 million. FactSet second-quarter net climbed 18% to $52 million. FutureFuel fourth-quarter net surged to $27 million. Hertz fourth-quarter net losses narrowed to $0.6 million.

Earnings Review

DSW Inc (DSW), the footwear and accessory retailer reported sales in the fourth-quarter ending on February 2 dropped 3.7% to $572 million. Comparable sales in the quarter were flat.

Net income in the quarter jumped 3.7% to $28.1 million or 30 cents a diluted share compared to $27.1 million or 30 cents.

The company expects revenue growth in the year of 6% to 7% and earnings per share between $1.80 and $1.95.

FactSet Research Systems Inc (FDS), the professional information services provider said revenues in the second-quarter ending in February jumped 7% to $226.9 million.

Net income in the quarter climbed 17.7% to $52.4 million or $1.22 a diluted share compared to $44.5 million or $1.

The company expects revenues in the third-quarter between $229 million and $233 million and diluted earnings per share in the range of $1.24 and $1.26

FutureFuel Corp (FF), the biofuels company stated in the fourth-quarter ending in December soared 68% to $125.6 million.

Net income in the quarter surged to $26.5 million or 61 cents a diluted share compared to $6.2 million or 15 cents.

GameStop Corp (GME), the Wal-Mart Stores Inc plans to allow its U.S. customers to hand in used videogames in exchange for store or online gift cards.

Hertz Global Holdings, Inc (HTZ), the auto-rental group plans to spin off its construction equipment rental division into a separate and publicly traded company.

Separately, the company reported revenue in the fourth-quarter ending in December climbed 10.2% to $2.56 billion.

Net losses in the quarter narrowed to $0.6 million or break even on a diluted share basis compared to $36.8 million or 9 cents per share.

For the full year 2014, the company forecasts revenues to grow 7.2% to between $11.40 billion and as high as $11.70 billion and adjusted net income to jump 14.1% to $785 million and as high as $925 million.

Adjusted diluted earnings per share to increase to a range between $1.70 and $2.
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc