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DAILY EARNINGS

Hewlett-Packard Net Soars, Sears Net Loss Widens


Author: Mukesh Buch
ticker.com
Last Update: 5:06 AM ET May 23 2014

10:45 AM New York Buckle first-quarter net nearly flat at $37 million. Dollar Tree first-quarter net slipped 3% to $138 million. Hewlett-Packard first-quarter net climbed 18% to $1.3 billion. Nordson second-quarter net jumped 3% to $61.9 million. Sears first-quarter net loss widened to $402 million.

Earnings Review

The Buckle, Inc (BKE), the retailer reported total revenue in the first-quarter ending on May 3 rose 0.7% to $271.7 million. Comparable store sales in the quarter decreased 0.9%.

Net income in the quarter nearly flat at $37.3 million or 78 cents a diluted share compared to $37.6 million or 78 cents.

The Children''s Place Retail Stores, Inc (PLCE), the specialty retailer said total revenue in the first-quarter ending on May 3 dropped 3.7% to $410.1 million. Comparable store sales in the quarter slipped 3.6%.

Net income in the quarter plunged 29.5% to $13.6 million or 61 cents a diluted share compared to $19.3 million or 83 cents.

Dollar Tree, Inc. (DLTR), the discount store stated net sales in the first-quarter ending on May 3 climbed 7.2% to $2 billion. Comparable store sales in the quarter increased 2%.

Net income in the quarter slipped 3.4% to $138.3 million or 67 cents a diluted share compared to $133.5 million or 59 cents.

Hewlett-Packard Company (HPQ), the electronic testing equipment and systems maker stated total revenue in the second-quarter ending in April decreased 1% to $27.3 billion.

Net earnings in the quarter climbed 18% to $1.3 billion or 66 cents a diluted share compared to $1.1 billion or 55 cents.

Nordson Corporation (NDSN), the testing equipment maker reported sales in the second-quarter ending in April jumped 9% to $417 million.

Net income in the quarter jumped 3.4% to $61.9 million or 96 cents a diluted share compared to $54.6 million or 84 cents.

Sears Holdings Corp (SHLD), the specialty retail store operator said revenue in the first-quarter ending on May 3 dropped to $7.88 billion.

Net loss in the quarter widened to $402 million or $3.79 a diluted share compared to $279 million or $2.63.
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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