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DAILY EARNINGS

Kohl's, Viacom, Wal-Mart Net Drop; Tyco Net Swings to Loss


Author: Mukesh Buch
ticker.com
Last Update: 11:48 AM ET November 13 2014

12:30 AM New York Kohl''s third-quarter net plunged 20% to $142 million. SeaWorld Entertainment third-quarter net tumbled 28% to $87 million. Tyco Intl fourth-quarter net swung to a loss of $89 million. Viacom fourth-quarter net declined 9% to $732 million. Wal-Mart third-quarter net slid 0.4% to $3.7 billion.

Tollbooth Index rose 0.1% or 10.05 to 9,841.54.

Earnings Review

Kohl''s Corporation (KSS), the department stores operator said net sales in the third-quarter ending on November 1 slipped 1.6% to $4.37 billion from a year ago period. Comparable store sales in the quarter decreased 1.8%.

Net income in the quarter plunged 20% to $142 million or 70 cents a diluted share compared to $177 million or 81 cents from a same quarter last year.

SeaWorld Entertainment Inc (SEAS), the theme park and entertainment group stated revenues in the third-quarter ending in September dropped 7.9% to $495.8 million form a year ago period.

Net income in the quarter tumbled 27.7% to $87.2 million or $1 a diluted share compared to $120.7 million or $1.34 from a same quarter last year.

Tyco International Ltd (TYC), the security and surveillance products provider said revenues in the fourth-quarter ending in September increased 4% to $2.70 billion from a year ago period.

Net in the quarter swung to a loss of $89 million or 20 cents a diluted share compared to profit of $166 million or 35 cents from a same quarter last year.

Viacom, Inc (VIAB), the entertainment company reported revenues in the fourth-quarter ending in September climbed 9% to $3.99 billion from a year ago period.

Net income in the quarter declined 9% to $732 million or $1.72 a diluted share compared to $806 million or $1.69 from a same quarter last year.

The company said revenues from media networks business jumped 8% to $2.66 billion and revenues from filmed entertainment segment soared 12% to $1.36 billion.

Wal-Mart Stores, Inc (WMT), the retail stores operator reported total revenues in the third-quarter ending in September jumped 2.9% to $119 billion from a year ago period. U.S. comparable store sales increase 0.5% and sales from Sam''s Club rose 0.4%.

Net income in the quarter slid 0.4% to $3.71 billion or $1.15 a diluted share compared to $3.73 billion or $1.14 from a same quarter last 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