S&P 500 2,441.20 17.28
Gold$1,224.80 $5.30
Nasdaq 6,253.81 61.92
Crude Oil $60,490.00      $-1570.00
DAILY EARNINGS

H&R Block, Ulta Salon Net Surge


Author: Mukesh Buch
ticker.com
Last Update: 12:29 PM ET June 11 2014

10:45 AM New York Ares Management first-quarter net jumped 26% to $281 million. H&R Block fourth-quarter net surged 37% to $910 million. NCI Building Systems second-quarter net loss narrowed to $5 million. United Natural Foods second-quarter net soared 24% to $28 million. Ulta Salon first-quarter net jumped 19% to $50 million.

Earnings Review

Ares Management, L.P. (ARES), the investment company said total revenues in the first-quarter ending in March climbed 24.7% to $133.6 million.

Net income in the quarter surged 26% to $281.4 million compared to $223.1 million a year ago period.

H&R Block, Inc. (HRB), the tax and banking services provider reported net sales in the fourth-quarter ending in April soared 18% to $2.6 billion.

Net income in the quarter climbed 36.9% to $910 million or $3.29 a diluted share compared to $664.3 million or $2.42.

NCI Building Systems, Inc. (NCS), the metal products maker reported sales in the second-quarter ending on May 4advanced 4.2% to $305.8 million.

Net loss in the quarter narrowed to $4.9 million or 7 cents a diluted share compared to $5.3 million or 28 cents.

Synaptics, Inc (SYNA), the touch-screen chipmaker lifted its fourth-quarter revenue guidance in the range of $275 million to $295 million, an increase of 30% to 35% from the year ago period.

Separately, the company agreed to acquire Japan-based Renesas SP Drivers, Inc., the display driver chip maker for smart-phones and tablets for $475 million or 48.5 billion yen.

Sportsman''s Warehouse Holdings, Inc (SPWH), the sport goods retailer stated net sales in the first-quarter ending on May 3 fell 3% to $132.4 million. Same store sales in the quarter plunged 18.1%.

Net in the quarter swung to a loss $3.4 million or 10 cents a diluted share compared to profit of $4.5 million or 13 cents.

United Natural Foods, Inc (UNFI), the organic food retailer said net sales in the second-quarter ending on February 1 jumped 13.9% to $200.3 million.

Net income in the quarter soared 23.9% to $28 million or 56 cents a diluted share compared to $22.6 million or 46 cents.

Ulta Salon Cosmetics & Fragrance Inc. (ULTA), the beauty products retailer net sales in the first-quarter ending on May 4 surged 22.5% to $713.8 million. Comparable store sales in the quarter climbed 8.7% and e-commerce comparable sales grew 72.3%.

Net income in the quarter jumped 19.4% to $50 million or 77 cents a diluted share compared to $41.8 million or 65 cents.

For the second-quarter, the company expects net sales between $706 million and $717 million from $601 million and comparable store sales growth in the range of 5% to 7% from 8.4% in a year ago period.
  1
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc