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DAILY EARNINGS

FedEx, Jabil Circuit Net Soar; Oracle, Rite Aid Net Plunge


Author: Mukesh Buch
ticker.com
Last Update: 11:23 AM ET December 17 2015

12:00 PM New York Accenture first-quarter net fell 3% to $859 million. FedEx second-quarter net jumped 4% to $691 million. General Mills second-quarter net surged 53% to $530 million. Jabil Circuit first-quarter net soared 83% to $132 million. Oracle second-quarter net tumbled 12% to $2.2 billion.

Tollbooth Index slipped 31.55 or 0.3% to 10,917.20.

Earnings Review

Accenture Plc (ACN), the Ireland-based technology and outsourcing services provider said net revenues in the first-quarter ending in November increased 1% from a year ago to $8.5 billion.

Net income in the quarter dropped 2.7% to $858.5 million or $1.28 per diluted share compared to $882.2 million or $1.29 per share from the same quarter last year.

Accenture forecasted net revenues for the second-quarter of fiscal 2016 in the range of $7.50 billion to $7.75 billion.

FedEx Corporation (FDX), the air freight and logistics services provider reported revenues in the second-quarter ending in November jumped 4% from a year ago to $12.45 billion.

Net income in the quarter advanced 4.2% to $691 million or $2.44 per diluted share compared to $691 million or $2.31 per share from the same quarter last year.

FedEx said revenues for its express business declined 6% to $6.59 billion while revenues in ground segment soared 32% to $4.05 billion from and revenues in freight business slumped 2% to $1.55 billion.

The air freight company forecasted adjusted earnings per share in 2016 between $10.40 and $10.90.

General Mills, Inc (GIS), the consumer foods maker reported net sales in the second-quarter ending on November 29 slumped 6.1% from a year ago to $4.42 billion.

Net income in the quarter surged 53% to $529.5 million or 87 cents per diluted share compared to $346.1 million or 56 cents per share from the same quarter last year.

Jabil Circuit, Inc (JBL), the electronic chip maker said revenues in the first-quarter ending in November surged 14.5% from a year ago to $5.21 billion.

Net income in the quarter soared 82.7% to $131.9 million or 68 cents per diluted share compared to $72.2 million or 37 cents per share from the same quarter last year.

Oracle Corporation (ORCL), the enterprise software developer reported revenues in the second-quarter ending in November plunged 6% from a year ago to $8.99 billion.

Net income in the quarter tumbled 12% to $2.20 billion or 51 cents per diluted share compared to $2.50 billion or 56 cents per share from the same quarter last year.

Oracle said revenues in total cloud and on premise software business dropped 4% to $7 billion and revenues hardware business plummeted 16% to $1.12 billion while total services revenues declined 8% to $861 million.

Rite Aid Corporation (RAD), the retail drugstore chain stated revenues in the third-quarter ending on November 28 soared 21.8% from a year ago to $8.2 billion.

Same store drugstore sales for the retail pharmacy segment increased 0.9% and number of prescriptions filled in same stores rose 0.2%

Net income in the quarter plunged 43.2% to $59.5 million or 6 cents per diluted share compared to $104.8 million or 10 cents per share from the same quarter last year.

Retail pharmacy segment revenues rose 0.8% to $6.7 billion and pharmacy services business revenues were $1.5 billion.

Scholastic Corp (SCHL), the book publisher reported revenues in the second-quarter ending in November fell 1.5% from a year ago to $602 million.

Net income in the quarter slipped 5.2% to $64.9 million or $1.84 per diluted share compared to $68.5 million or $2.05 per share from the same quarter last year.

Sanderson Farms, Inc (SAFM), the poultry products distributor said net sales in the fourth-quarter ending in October declined 10.7% from a year ago to $679.6 million.

Net income in the quarter plunged 70.6% to $27.4 million or $1.22 per diluted share compared to $93.1 million or $4.04 per share from the same quarter last year.

Worthington Industries, Inc (WOR), the diversified metals producer reported net sales in the second-quarter ending in November slumped 19.7% from a year ago to $699.8 million.

Net income in the quarter declined 21.3% to $23.2 million or 36 cents per diluted share compared to $29.5 million or 43 cents per share from the 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