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DAILY EARNINGS

General Mills Net Rises, Lindsay, Monsanto Net Drop


Author: Mukesh Buch
ticker.com
Last Update: 12:46 PM ET June 25 2014

10:45 AM New York – Apollo Education third-quarter net declined 11% to $66 million. Barnes & Noble fourth-quarter net loss narrowed to $37 million. General Mills fourth-quarter net climbed 10% to $405 million. Lindsay third-quarter net tumbled 37% to $17 million. Monsanto third-quarter net fell 6% to $858 million.

Earnings Review

Apollo Education Group Inc (APOL), the online and on-campus educational services provider reported revenue in the third-quarter ending in May declined 15.5% to $799.9 million.

Net income in the quarter declined 10.5% to $66 million or 59 cents a diluted share compared to $80 million or 71 cents.

Apogee Enterprises Inc (APOG), the glass products supplier said revenue in the first-quarter ending in May climbed 18% to $210.9 million.

Net earnings in the quarter surged 47% to $6.10 million or 21 cents a diluted share compared to $4.16 million or 14 cents.

Barnes & Noble, Inc (BKS), the bookseller reported revenues in the fourth-quarter ending on May 3 increased 3.5% to $1.3 billion.

Net loss in the quarter narrowed to $36.7 million or 72 cents a diluted share compared to $114.8 million or $2.04 a year earlier.

“We expect that our Retail and NOOK Media businesses will continue to have long-term, successful business relationships with each other after separation,” said Chief Executive Michael P. Huseby,

The company will spin-off its Nook tablets and college books business and develop a Nook tablets with Samsung Electronics Co Ltd.

Nook Media will consist company''s digital content, e-readers and tablets and college bookstores business.

General Mills, Inc (GIS), the consumer foods maker reported net sales in the fourth-quarter ending on May 25 slipped 2.9% to $4.28 billion.

Net income in the quarter climbed 10.5% to $404.6 million or 65 cents a diluted share compared to $366.3 million or 55 cents.

Lindsay Corporation (LNN), the water and road infrastructure products provider said revenue in the third-quarter ending in May plunged 22.6% to $ $169.9 million.

Net earnings in the quarter tumbled 36.8% to $16.5 million or $1.28 a diluted share compared to $26.1 million or $2.01.

Monsanto Company (MON), the agricultural products provider reported net sales in the third-quarter ending in May were nearly flat at $4.25 billion from a year ago.

Net income in the quarter slumped to $858 million or $1.62 a diluted share compared to $909 million or $1.68.
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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