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DAILY EARNINGS

Finish Line, Nike Net Soar; KB Home Net Swings to Profit


Author: Mukesh Buch
ticker.com
Last Update: 1:00 PM ET June 27 2014

10:45 AM New York AZZ first-quarter net edged up to $15 million. Commercial Metals third-quarter net soared 25% to $24 million. Finish Line first-quarter net surged 144% to $12 million. KB Home second-quarter net swung to a profit $27 million. Nike fourth-quarter net jumped 5% to $698 million.

Earnings Review

AZZ Inc (AZZ), the electrical equipment maker said revenue in the first-quarter ending in May climbed 18% to $216.1 million.

Net income in the quarter edged up to $14.9 million or 58 a diluted share compared to $14.5 million or 57 cents.

Commercial Metals Company (CMC), the steel and metal recycler stated total sales in the third-quarter ending in May jumped 2.8% to $1.80 billion.

Net income in the quarter soared 24.9% to $23.6 million or 20 a diluted share compared to $18.9 million or 16 cents.

Finish Line Inc (FINL), the mall-based specialty retailer reported net sales in the first-quarter ending in May climbed 15% to $406.5 million. Comparable store sales in the quarter advanced 5%.

Net income in the quarter surged 144.5% to $12.4 million or 25 a diluted share compared to $5.07 million or 10 cents.

KB Home (KBH), the homebuilder said total revenue in the second-quarter ending in May climbed 8% to $565 million.

Net in the quarter swung to a profit $26.6 million or 27 cents a diluted share compared to a loss of $2.97 million or 4 cents a year earlier.

The company delivered 1,751 homes in the current quarter, compared to 1,797 homes with an average selling price of $319,700, an increase of $29,300 or 10% from a year ago.

Nike Inc (NKE), the sports footwear, apparel, equipment maker reported revenue in the fourth-quarter ending in May soared 11% to $7.43 billion.

Net income in the quarter jumped 5.4% to $698 million or 78 a diluted share compared to $662 million or 76 cents.
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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