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DAILY EARNINGS

Foot Locker Net Climbs; Deere, Gap, HP, Intuit Net Plunge


Author: Mukesh Buch
ticker.com
Last Update: 11:59 AM ET May 22 2015

12:30 AM New York – Campbell third-quarter net slid 0.5% to $182 million. Deere second-quarter net tumbled 30% to $691 million. Foot Locker first-quarter net soared 14% to $184 million. Gap first-quarter net declined 8% to $239 million. HP second-quarter net plunged 23% to $1 billion. Intuit third-quarter net tumbled 49% to $501 million.

Tollbooth Index gained 0.3% or 29.16 to 10,862.

Earnings Review

ANN Inc (ANN), the women’s apparel and accessories retailer said net sales in the first-quarter ending on May 2 increased 1.2% to $597.7 million from a year ago period.

Comparable store sales in the quarter decreased 1.5% and Taylor total brand comparable sales declined 3%.

Net income in the quarter soared 161.5% to $13.6 million or 29 cents per diluted share compared to $5.2 million or 11 cents from the same quarter last year.

The retailer forecasted total net sales in the second-quarter of about $660 million and for the year total net sales of about $2.56 billion.

Aeropostale Inc (ARO), the mall-based retailer stated sales in the first-quarter ending on May 2 plunged 20% to $318.6 million from a year ago period.

Comparable store sales in the quarter declined 11%.

Net loss in the quarter narrowed to $45.3 million or 57 cents per diluted share compared to $76.8 million or 98 cents from the same quarter last year.

For the second quarter, the teen-apparel retailer forecasted diluted loss per share between 60 cents and 52 cents.

Brocade Communications Systems, Inc (BRCD), the network equipment supplier said total revenues in the second-quarter ending on May 2 gained 1.8% to $546.6 million from a year ago period.

Net in the quarter swung to profit $77 million or 18 cents per diluted share compared to a loss of $13.7 million or 3 cents from the same quarter last year.

Campbell Soup Company (CPB), the canned and frozen food products maker reported revenues in the third-quarter ending on May 3 dropped 4% to $1.90 billion from a year ago period.

Net income in the quarter slid 0.5% to $182 million or 58 cents per diluted share compared to $183 million or 58 cents from the same quarter last year.

Deere & Company (DE), the agriculture and turf equipment maker said total revenues in the second-quarter ending in April plunged 18% to $8.2 billion from a year ago period.

Net income in the quarter tumbled 30% to $690.5 million or $2.03 per diluted share compared to $980.7 million or $2.65 from the same quarter last year.

The company equipment sales for the year to decline about 19% and about 17% for the third-quarter compared to a year ago periods.

For fiscal 2015, net income estimated to be about $1.9 billion.

The company forecasted industry sales of turf and utility equipment for the year in the U.S. and Canada are expected to be flat or increase of 5%.

Foot Locker, Inc (FL), the athletic shoes and apparel retailer said total revenues in the first-quarter ending on May 2 jumped 2.6% to $1.9 billion from a year ago period.

Comparable store sales in the quarter climbed 7.8%.

Net income in the quarter soared 13.6% to $184 million or $1.29 per diluted share compared to $162 million or $1.10 from the same quarter last year.

The Gap, Inc (GPS), the apparel retail reported total revenues in the first-quarter ending on May 2 dropped 3% to $3.7 billion from a year ago period.

Comparable store sales in the quarter dropped 4% while comparable online sales jumped 5.3%.

Net income in the quarter declined 8.1% to $239 million or 56 cents per diluted share compared to $260 million or 58 cents from the same quarter last year.

For the year, the retailer forecasted earnings per share in the range of 2.75 to $2.80.

Hewlett-Packard Company (HPQ), the computer peripheral maker said net revenues in the second-quarter ending in April declined 7% to $25.5 billion from a year ago period.

Net income in the quarter plunged 23.1% to $1 billion or 55 cents per diluted share compared to $1.3 billion or 66 cents from the same quarter last year.

HP said revenues in personal systems in the quarter dropped 5% to $7.7 billion and revenue from printing segment slumped 7% to $5.5 billion.

The company added revenue in company''s enterprise group slipped 1% to $6.6 billion and enterprise services revenue plummeted 16% to $4.8 billion. Revenues in software business dropped 8% to $892 million and financial services revenue slipped 7% to $805 million.

Intuit Inc (INTU), the accounting software maker said total revenues in the third-quarter ending in April plunged 8.3% to $2.2 billion from a year ago period.

Net income in the quarter tumbled 49.1% to $501 million or $1.78 per diluted share compared to $984 million or $3.39 from the same quarter last year.

Intuit lifted revenues forecast for the year between $4.40 billion to $4.42 billion and adjusted earnings per share in the range of $2.50 to $2.52 compared to earlier estimated revenues range of $4.28 billion to $4.38 billion and adjusted earnings per share between $2.45 and $2.50.
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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