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DAILY EARNINGS

Groupon, J. C. Penney Loss Widen, Kohlís Net Drops


Author: Mukesh Buch
ticker.com
Last Update: 10:39 AM ET February 28 2013

10:45 AM New York Ė Groupon fourth quarter net loss widened to $81.1 million. J. C. Penney fourth quarter net loss widened to $552 million. Kohlís fourth quarter net declined 17% to $378 million. Limited Brands fourth quarter net jumped 14% to $411.4 million. Sears fourth quarter net loss narrowed to $489 million.

Earnings Review

Ansys, Inc (ANSS), the engineering software maker said total revenue in the fourth quarter ending in December declined 11% to $220.7 million from $198.2 million in the same period of last year. Net income in the quarter soared 18% to $56.1 million or 59 cents a diluted share compared to $47.5 million or 50 cents a share a year ago earlier.

The software maker expects first quarter revenue in the range of $198.2 million to $204.2 million and diluted earnings per share between 48 cents and 53 cents.

For the year, the Ansys expects revenue in the range of $875.4 million to $900.4 million and diluted earnings per share between $2.25 and $2.41.

Chicoís FAS, Inc (CHS), the specialty retailer reported total net sale in the fourth quarter ending on February 2 jumped 14.5% to $651.9 million from $569.2 million in the same period of last year. Comparable store sales in the quarter gained 3.7%.

Net income in the quarter climbed 29.8% to $32.7 million or 20 cents a diluted share compared to $25.2 million or 15 cents a share a year ago earlier.

Chicoís said for the quarter, gross margin surged 53.2% to $346.7 million a 90 basis point improvement from last year.

Groupon, Inc. (GRPN), the retail service provider said total revenue in the fourth quarter ending in December surged 30% to $638.3 million from $492.2 million in the same period of last year. Net loss in the quarter widened to $81.1 million or 12 cents a diluted share compared to $65.4 million or 12 cents a share a year ago.

For the first quarter, revenue expected between $560 million and $610 million, an increase of between zero and 9% and operating income in the range of $10 million loss or $10 million profit.

J. C. Penney Company, Inc. (JCP), the holding company reported total net sale in the fourth quarter ending on February 2 declined 28% to $3.88 billion from $5.43 billion in the same period of last year. Comparable store sales in the quarter plunged 31.7%.

Net loss in the quarter widened to $552 million or $2.51 a diluted share compared to $87 million or 41 cents a share a year ago earlier.

Kohlís Corporation (KSS), the home fashion stores operator stated total net sale in the fourth quarter ending on February 2 grew 5% to $6.34 billion from $6.02 billion in the same period of last year. Comparable store sales for the quarter increased 2.5%.

Net income in the quarter declined 17% to $378 million or $1.66 a diluted share compared to $455 million or $1.81 a share a year ago earlier.

Kohlís expects earnings per diluted share for fiscal 2013 between $4.15 and $4.45 and for the first quarter diluted earnings per share of 55 cents to 63 cents per diluted share.

Limited Brands, Inc. (LTD), the specialty retailer stated total net sales in the fourth quarter ending on February 2 increased 3% to $3.86 billion from $3.52 billion in the same period of last year. Comparable store sales in the quarter jumped 5%.

Net income in the quarter jumped 14% to $411.4 million or $1.39 a diluted share compared to $359.5 million or $1.17 a share a year ago period.

The retailer expects full year earnings per share in the range of $2.92 to $3.12 and for the first quarter earnings per share between 40 cents and 45 cents.

Monster Beverage Corporation (MNST), the holding company reported net sales in the fourth quarter ending in December jumped 15% to $471.5 million from $410 million in the same period of last year. Net income in the quarter increased 5% to $68 million or 39 cents a diluted share compared to $65 million or 35 cents a share a year ago earlier.

Mylan, Inc. (MYL), the generic drugs maker stated total revenues in the fourth quarter ending in December soared 13% to $1.72 billion from $1.53 billion in the same period of last year. Net income in the quarter surged 15% to $162 million or 39 cents a diluted share compared to $129.5 million or 30 cents a share a year ago earlier.

In a separate note, Mylan said it agreed to acquire India based Strides Arcolab Ltd for $1.6 billion in cash. The transaction is expected to close in the fourth quarter of 2013.

Pall Corporation (PLL), the filtration products maker said net sales in the second quarter ending in January increased 4% to $662.5 million from $640 million in the same period of last year. Net income in the quarter rose 9% to $76.8 million or 67 cents a diluted share compared to $84.7 million or 72 cents a share a year ago earlier.

Sears Holdings Corporation (SHLD), the specialty retailer reported revenue in the fourth quarter ending on February 2 climbed 15% to $12.26 billion from $12.48 billion in the same period of last year. Net loss in the quarter narrowed to $489 million or $4.61 a diluted share compared to $2.40 billion or $22.63 a share a year ago period.

Sears Domestic''s comparable store sales in the quarter rose 0.8% and decreased 1.4% in the year. Kmart''s comparable store sales for the quarter dropped 3.7%.

For the quarter, Sears Canada''s comparable store sales declined 3.8% and 5.6% in the 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