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DAILY EARNINGS

Home Depot, TJX Net Climb; Agilent, Wal-Mart Net Decline


Author: Mukesh Buch
ticker.com
Last Update: 12:25 PM ET May 19 2015

12:30 AM New York Agilent second-quarter net plunged 40% to $83 million. Home Depot first-quarter net surged 14% to $1.6 billion. TJX first-quarter net soared 8% to $475 million. Urban Outfitters first-quarter net plunged 13% to $33 million. Wal-Mart first-quarter net declined 7% to $3.3 billion.

Tollbooth Index edged up 7 to 10,820.06.

Earnings Review

Agilent Technologies, Inc (A), the measurement equipment maker reported revenues in the second-quarter ending in April slipped 3% to $963 million from a year ago period.

Net income in the quarter plunged 40% to $83 million or 25 cents per diluted share compared to $139 million or 41 cents from the same quarter last year.

Agilent forecasted revenues for the third-quarter in the range of $995 million to $1.02 billion and adjusted earnings per share between 38 cents and 42 cents.

For the year, the scientific instruments maker forecasted revenues between $4.05 billion to $4.11 billion less than earlier estimated range of $4.06 billion to $4.12 billion and adjusted earnings per share in the range of $1.67 to $1.73.

The Home Depot Inc (HD), the home improvement retailer reported net sales in the first-quarter ending in April jumped 6.1% to $20.9 billion from a year ago period.

Comparable store sales in the quarter climbed 6.1% and comparable sales for U.S. stores soared 7.1%.

Net income in the quarter surged 14.3% to $1.6 billion or $1.21 per diluted share compared to $1.4 billion or $1 from the same quarter last year.

Stage Stores Inc (SSI), the apparel, accessories and cosmetics retailer stated net sales in the first-quarter ending on May 2 fell 0.7% to $369.3 million from a year ago period.

Comparable store sales in the quarter slipped 1.1%.

Net loss in the quarter narrowed to $8.6 million or 27 cents per diluted share compared to $18.8 million or 60 cents from the same quarter last year.

The Company restated earlier guidance for comparable sales in the range of flat to 2% higher and earnings per diluted share between $1.20 and $1.28.

TJX Companies Inc (TJX), the off-price apparel and home fashions retailer said net sales in the first-quarter ending on May 2 climbed 6% to $6.9 billion from a year ago period.

Comparable store sales in the quarter jumped 5%.

Net income in the quarter soared 8% to $474.6 million or 69 cents per diluted share compared to $454.3 million or 64 cents from the same quarter last year.

For the second quarter, the TJX forecasted diluted earnings per share to be in the range of 72 cents to 74 cents compared to 73 cents in the same period a year ago.

Urban Outfitters, Inc (URBN), the specialty retailer said net sales in the first-quarter ending in April climbed 8% to $739 million from a year ago period.

Comparable store sales in the quarter increased 4%. Comparable Retail segment net sales increased 17% at Free People and net sales in wholesales segment surged 18%.

Net income in the quarter plunged 12.5% to $32.8 million or 25 cents per diluted share compared to $37.5 million or 26 cents from the same quarter last year.

Wal-Mart Stores, Inc (WMT), the discount stores operator reported total revenues sales in the first-quarter ending in April slid 0.1% to $114.8 billion from a year ago period.

Total comparable store sales in the quarter increased 1%. Sam''s Club net sales declined 3% to $13.5 billion and international net sales declined 6.6% to $30.3 billion.

Net income in the quarter declined 6.9% to $3.3 billion or $1.03 per diluted share compared to $3.6 billion or $1.11 from the same quarter last year.

The retailer forecasted earnings per share for the second-quarter in the range of $1.06 to $1.18.
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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