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DAILY EARNINGS

Gap, Ross Net Climb; Salesforce.com Net Swings to Loss


Author: Mukesh Buch
ticker.com
Last Update: 12:11 PM ET August 22 2014

12:30 AM New York Foot Locker second-quarter net climbed 39% to $92 million. Gap second-quarter net jumped 10% to $332 million. Nordson third-quarter net fell 2% to $78 million. Ross Stores second-quarter net soared 12% to $240 million. Salesforce.com second-quarter net swung to loss $61.1 million.

Tollbooth Index slid 0.1% or 13.55 to 9,501.14.

Earnings Review

Dynegy Inc (DYN), the power company signed two separate agreements to acquire 12,500 megawatts of coal and gas generation assets from Duke Energy Corp and Energy Capital Partners in deals valued at $6.25 billion.

The company intends to issue new unsecured bonds worth about $5 billion and equity and equity-linked securities for $1.25 billion.

The transactions are expected to close by the end of the first quarter 2015.

Foot Locker, Inc. (FL), the shoes and apparel retailer stated total sales in the second-quarter ending on August 2 climbed 12.9% to $1.64 billion from a year ago period. Comparable store sales in the quarter climbed 7%.

Net income in the quarter climbed 39% to $92 million or 63 cents a diluted share compared to $66 million or 44 cents from a same quarter last year.

GameStop Corp. (GME), the video game retailer stated total sales in the second-quarter ending on August 2 soared 25% to $1.73 billion from a year ago period. Comparable store sales in the quarter surged 21.9%.

Net income in the quarter surged 134% to $24.6 million or 22 cents a diluted share compared to $10.5 million or 9 cents from a same quarter last year.

The Gap, Inc (GPS), the specialty apparel retailer reported net sales in the second-quarter ending on August 2 increased 3% to $3.98 billion from a year ago period. Comparable store sales in the quarter were flat.

Net income in the quarter jumped 10% to $332 million or 75 cents a diluted share compared to $303 million or 64 cents from a same quarter last year.

Hibbett Sports, Inc. (HIBB), the sport goods retailer stated net sales in the second-quarter ending on August 2 increased 4.1% to $193.9 million from a year ago period. Comparable store sales in the quarter increased 0.1%.

Net income in the quarter plunged 20% to $8.4 million or 51 cents a diluted share compared to $10.5 million or 52 cents from a same quarter last year.

Nordson Corporation (NDSN), the testing and inspection equipment maker said net sales in the third-quarter ending in July climbed 14% to $459 million from a year ago period. Comparable store sales in the quarter decreased 0.5%.

Net income in the quarter fell 2.4% to $77.9 million or $1.21 a diluted share compared to $65.4 million or $1.01 from a same quarter last year.

Ross Stores, Inc. (ROST), the off-price apparel and home goods retailer stated net sales in the second-quarter ending on August 2 climbed 7% to $2.73 billion from a year ago period. Comparable store sales in the quarter grew 2%.

Net income in the quarter jumped 12% to $239.6 million or $1.14 a diluted share compared to $213.1 million or 98 cents from a same quarter last year.

Salesforce.com, Inc. (CRM), the cloud computing service provider reported revenue in the second-quarter ending in July surged 38% to $1.32 billion from a year ago period.

Net in the quarter swung to a loss $61.1 million or 10 cents a diluted share compared to profit $76.6 million or 12 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