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DAILY EARNINGS

Home Depot Net Jumps, Medtronic, Staples Net Plunge


Author: Mukesh Buch
ticker.com
Last Update: 12:14 PM ET May 20 2014

10:45 AM New York – Campbell Soup third-quarter net rose 2% to $184 million and revenue nearly flat at $1.97 billion. Valspar second-quarter net declined 11.7% to $86 million and net sales climbed 10% to $1.1 billion.

Earnings Review

The Cato Corporation (CATO), the women’s fashion specialty retailer said net sales in the first-quarter ending on May 4 jumped 6% to $282.5 million. Same store sales in the quarter increased 3%.

Net income in the quarter fell 3% to $30 million or $1.04 a diluted share compared to $30.8 million or $1.05.

Dicks Sporting Goods Inc (DKS), the golf specialty retailer net sales in the first-quarter ending on May 3 increased to $1.44 billion.

Net income in the quarter jumped 4.9% to $69.98 million or 57 cents a diluted share compared to $64.82 million or 52 cents.

Donaldson Company, Inc (DCI), the filtration systems maker stated net sales in the third-quarter ending in the April rose 1% to $624 million.

Net earnings in the quarter slid 4% to $67 million or 46 cents a diluted share compared to $70 million or 46 cents.

The Home Depot, Inc (HD), the home improvement retailer reported net sales in the first-quarter ending on May 4 increased 2.9% to $19.7 billion.

Net earnings in the quarter climbed 12.5% to $1.38 billion or $1 a diluted share compared to $1.23 billion or 83 cents.

Medtronic, Inc (MDT), the medical technology reported revenue in the fourth-quarter ending on April 25 jumped 3% to $4.6 billion.

Net earnings in the quarter tumbled 53.7% to $448 million or 44 cents a diluted share compared to $969 million or 95 cents.

Ophthotech Corp (OPHT), the biopharmaceutical company signed agreement with Novartis Pharmaceuticals on treatment of wet age-related macular degeneration and granted exclusive rights to commercialize its Fovista outside the United States.

Staples, Inc (SPLS), the office products retailer stated total sales in the first-quarter ending on May 3 fell 2.8% to $5.65 billion.

Net income in the quarter plummeted 43.5% to $96 million or 15 cents a diluted share compared to $170 million or 26 cents.

The TJX Companies, Inc (TJX), the apparel and home fashions retailer reported net sales in the first-quarter ending on May 3 jumped 5% to $6.5 billion. Comparable store sales in the quarter rose 1%.

Net income in the quarter edged up 0.3% to $454.3 million or 64 cents a diluted share compared to $452.9 million or 62 cents.
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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