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DAILY EARNINGS

Dollar General Net Rises, Kroger Net Drops


Author: Mukesh Buch
ticker.com
Last Update: 12:16 PM ET December 05 2013

10:45 AM New York Ė Connís third-quarter net soared 107% to $24 million. Dollar General third-quarter net jumped 14% to $237 million. Jos. A. Bank net fell 2% to $13 million. Kroger dropped 6% to $299 million. Toronto-Dominion climbed 6% to $1.6 billion.

Earnings Review

Connís, Inc. (CONN), the specialty retailer reported total revenues in the third-quarter ending in October surged 50.6% to $310.9 million. Comparable store sales in the quarter surged 35%.

Net income in the quarter soared 107% to $24.4 million or 66 cents a diluted share compared to $11.8 million or 35 cents.

Dollar General Corporation (DG), the discount retailer said net sales in the third-quarter ending on November 1 climbed 10.5% to $4.38 billion. Comparable store sales in the quarter advanced 4.4%.

Net income in the quarter jumped 14% to $237 million or 74 cents a diluted share compared to $208 million or 62 cents.

Essex Property Trust Inc (ESS), the residential properties manager offered to buy BRE Properties Inc for about $5 billion.

General Motors Company (GM), the automobile company will drop the Chevrolet brand in Europe by the end of 2015 as it failed to build significant market share.

In November, the department of treasury said it plans to sell remaining 31.1 million shares in the General Motors by this year-end to winding down the stake of 61%.

Jos. A. Bank Clothiers, Inc (JOSB), the retailer stated total sales in the third-quarter ending on October 27 jumped 6% to $247.5 million. Comparable store sales in the quarter slid 0.1%.

Net income in the quarter fell 2% to $13.3 million or 47 cents a diluted share compared to $13.6 million or 49 cents.

The Kroger Co (KR), the food retailer reported total sales in the third-quarter ending on November 9 grew 3.2% to $22.5 billion. Comparable store sales in the quarter climbed 3.5%.

Net income in the quarter dropped 5.7% to $299 million or 57 cents a diluted share compared to $317 million or 60 cents.

For the year, the company maintained its diluted earnings per share guidance in the range of $2.73 to $2.80.

Microsoft Corporation (MSFT), the media report European Union antitrust regulators approved Microsoft''s $7.3 billion acquisition of Nokia''s mobile device business.

As expected, the antitrust regulators passed the acquisition without conditions.

Royal Bank of Canada (RY), the Canada-based financial service provider reported total revenues in the fourth-quarter ending in October jumped 6.7% to $8 billion. Net income in the quarter soared 11% to $2.1 billion or $1.40 a diluted share compared to $1.91 billion or $1.25.

The Toronto-Dominion Bank (TD), the Canada-based bank said net sales in the fourth-quarter ending in October fell 1.4% to $7 billion. Net income in the quarter climbed 5.9% to $1.62 billion or $1.68 cents a diluted share compared to $1.53 billion or $1.58.

The Toro Company (TTC), the agricultural machinery maker net sales in the fourth-quarter ending in October jumped 13% to $382.4 million. Net income in the quarter fell 3.4% to $4.95 million or 8 cents a diluted share compared to $0.25 million or break even share.
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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