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DAILY EARNINGS

Gap, Ross Stores Net Soar; Intuit Net Loss Widens


Author: Mukesh Buch
ticker.com
Last Update: 12:03 PM ET November 21 2014

12:30 AM New York – Ann third-quarter net plunged 27% to $30 million. Foot Locker third-quarter net surged 15% to $120 million. Gap third-quarter net jumped 4% to $351 million. Intuit first-quarter net loss widened to $84 million. Ross Stores third-quarter net soared 12% to $193 million.

Tollbooth Index gained 0.7% or 66.13 to 9,958.52.

Earnings Review

Ann Inc (ANN), the women’s apparel retailer said total net sales in the third-quarter ending on November 1 fell 1.6% to $646.8 million from a year ago period. Comparable store sales in the quarter declined 4.3%.

Net income in the quarter plunged 27.4% to $29.9 million or 65 cents a diluted share compared to $41.2 million or 89 cents from a same quarter last year.

Autodesk, Inc (ADSK), the application software developer reported revenues in the third-quarter ending in October soared 11% to $618 million from a year ago period.

Net income in the quarter tumbled 81.4% to $10.7 million or 5 cents a diluted share compared to $57.6 million or 25 cents from a same quarter last year.

Foot Locker, Inc (FL), the athletic shoes and apparel retailer stated net sales in the third-quarter ending on November 1 climbed 6.7% to $1.73 billion from a year ago period. Comparable store sales in the quarter jumped 6.9%.

Net income in the quarter surged 15.4% to $120 million or 82 cents a diluted share compared to $104 million or 70 cents from a same quarter last year.

The Gap Inc (GPS), the specialty retailer reported net sales in the third-quarter ending on November 1 nearly flat at $3.97 billion from a year ago period. Comparable store sales in the quarter slipped 2%.

Net income in the quarter jumped 4.1% to $351 million or 80 cents a diluted share compared to $337 million or 72 cents from a same quarter last year.

Intuit Inc (INTU), the accounting software developer said revenues in the first-quarter ending in October climbed 8% to $672 million from a year ago period.

Net loss in the quarter widened to $84 million or 29 cents a diluted share compared to $11 million or 4 cents from a same quarter last year.

Ross Stores, Inc (ROST), the off-price retailer net sales in the third-quarter ending on November 1 climbed 8% to $2.60 billion from a year ago period. Comparable store sales in the quarter jumped 4%.

Net income in the quarter soared 12.2% to $192.7 million or 93 cents a diluted share compared to $171.6 million or 80 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