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DAILY EARNINGS

Estee Lauder Net Surges, Agilent Net Declines


Author: Mukesh Buch
ticker.com
Last Update: 1:09 PM ET August 15 2014

10:45 AM New York Applied Materials fourth-quarter net soared 79% to $301 million. Agilent Technologies third-quarter net declined 13% to $147 million. Estee Lauder fourth-quarter surged 174% to $258 million. J C Penney second-quarter net loss narrowed to $172 million. Nordstrom second-quarter net slid 1% to $183 million.

Tollbooth Index slipped 0.5% or 47.22 to 9,300.63.

Earnings Review

Applied Materials, Inc (AMAT), the manufacturing equipment provider said net sales in the fourth-quarter ending in June jumped 15% to $2.27 billion from a year ago period.

Net income in the quarter soared 79.2% to $301 million or 24 cents a diluted share compared to $168 million or 14 cents from a same quarter last year.

Agilent Technologies Inc (A), the electronic measurement maker revenues in the third-quarter ending in July climbed 7% to $1.77 billion from a year ago period.

Net income in the quarter declined 12.5% to $147 million or 43 cents a diluted share compared to $168 million or 49 cents from a same quarter last year.

Agilent expected revenues for the fourth-quarter in the range of $1.81 billion to $1.85 billion and for the year between $6.99 billion and $7.03 billion.

Dillard''s, Inc (DDS), the apparel, cosmetics and home furnishing retailer stated net sales in the second-quarter ending in June edged up 0.7% to $1.47 billion from a year ago period. Comparable stores sales in the quarter increased 1%.

Net income in the quarter dropped 5.5% to $34.5 million or 80 cents a diluted share compared to $36.5 million or 79 cents from a same quarter last year.

Estee Lauder Companies Inc (EL), the personal products maker reported net sales in the fourth-quarter ending in June soared 13% to $2.73 billion from a year ago period.

Net income in the quarter surged 174% to $257.7 million or 66 cents a diluted share compared to $94 million or 24 cents from a same quarter last year.

The company forecasted net sales for the first-quarter to decrease between 1% and 2% and diluted earnings per share may in the range of 72 cents and 76 cents.

J C Penney Company Inc (JCP), the department store operator net sales in the second-quarter ending on August 2 jumped 5.3% to $2.80 billion from a year ago period. Comparable stores sales in the quarter climbed 6%.

Net loss in the quarter narrowed to $172 million or 56 cents a diluted share compared to $586 million or $2.66 from a same quarter last year.

Nordstrom, Inc (JWN), the specialty retailer reported net sales in the second-quarter ending on August 2 climbed 6.2% to $3.3 billion from a year ago period. Comparable stores sales in the quarter jumped 3.3%.

Net income in the quarter slid 0.5% to $183 million or 95 cents a diluted share compared to $184 million or 93 cents from a same quarter last year.
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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