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DAILY EARNINGS

GameStop, Restoration Net Surge; BlackBerry Net Swings to Profit


Author: Mukesh Buch
ticker.com
Last Update: 12:59 PM ET March 27 2015

12:30 AM New York BlackBerry fourth-quarter net swung to profit $28 million. Finish Line fourth-quarter net declined 5% to $41 million. GameStop fourth-quarter net surged 11% to $244 million. Restoration Hardware fourth-quarter net climbed 60% to $43 million.

Tollbooth Index slid 0.02% or 1.82 to 10,414.32.

Earnings Review

BlackBerry Ltd (BBRY), the Canada-based mobile phone maker reported revenues in the fourth-quarter ending in February plunged 32.4% to $660 million from a year ago period.

Net in the quarter swung to a profit $28 million compared to a loss of $423 million and diluted earnings per share swung to 5 cents from a diluted loss per share of 80 cents.

Finish Line Inc (FIVE), the athletic footwear, apparel and accessories retailer said net sales in the fourth-quarter ending in February climbed 6.3% to $551.3 million from a year ago period.

Comparable store sales in the quarter jumped 2.6%.

Net income in the quarter declined 5.1% to $40.8 million compared to $43 million and diluted earnings per share were flat at 87 cents from the same quarter last year.

GameStop Corp (GME), the consumer electronics and wireless services retailer reported totalsales in the fourth-quarter ending in January dropped 5.6% to $3.48 billion from a year ago period.

Comparable store sales in the quarter slipped 1.8%.

Net income in the quarter surged 10.7% to $244.1 million or $2.23 per diluted share compared to $220.5 million or $1.89 from the same quarter last year.

GameStop forecasted comparable store sales for the first-quarter to increase in the range of 2.5% to 5.5% and net income between $58 million and $65 million and diluted earnings per share to increase between 53 cents to 60 cents.

Restoration Hardware Holdings Inc (RH), the home furnishings retailer said net revenues in the fourth-quarter ending in January surged 24% to $582.7 million from a year ago period.

Comparable brand revenues in the quarter soared 24%.

Net income in the quarter climbed 59.8% to $42.5 million or $1.02 per diluted share compared to $26.6 million or 65 cents from the same quarter last year.

The company forecasted revenues for the fiscal first-quarter in the range of $415 million to $420 million and adjusted diluted earnings per share between 18 cents and 20 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