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DAILY EARNINGS

Krispy Kreme Net Jumps, Guess Net Plummets


Author: Mukesh Buch
ticker.com
Last Update: 10:35 AM ET May 31 2013

10:45 AM New York Copart third quarter net slid 4% to $53.2 million. Guess first quarter net plunged 63% to $9.92 million. Krispy Kreme first quarter net soared 33% to $8 million. Lions Gate fourth quarter net swung to $163 million profit. Pall third quarter net slipped 7% to $73 million.

Earnings Review

Copart, Inc. (CPRT), the online auctions and vehicle remarketing services reported total revenues in the third quarter ending in April climbed 14% to $277.6 million. Net income in the quarter slid 4% to $53.2 million or 41 cents a diluted share compared to $55.5 million or 43 cents.

Gross margin in the quarter was nearly flat to $115.6 million and operating income slumped 6% to $82.8 million.

Genesco Inc. (GCO), the footwear apparel stated net sales in the first quarter ending in April slid 1.2% to $591 million. Comparable store sales for the quarter decreased 4%.

Net earnings in the quarter plunged 11% to $18.4 million or 77 cents a diluted share compared to $20.6 million or 85 cents.

For the year, the company expects diluted earnings per share in the range of $5.57 to $5.67 or increase 10% to 12%.

Guess?, Inc. (GES), the apparel retailer stated total revenues in the first quarter ending on May 4 declined 5% to $548.9 million. Net earnings in the quarter plunged 63% to $9.92 million or 12 cents a diluted share compared to $26.6 million or 30 cents.

For the year, the apparel retailer expects consolidated net revenues in the range of $2.57 billion to $2.61 billion and diluted earnings per share between $1.70 and $1.90.

For the second quarter, the company expects consolidated net revenues between $620 million and $635 million and diluted earnings per share in the range of 34 cents to 38 cents.

Krispy Kreme Doughnuts, Inc. (KKD), the retailer said net sales in the first quarter ending on May 5 climbed 11% to $120.6 million. Comparable store sales for the quarter jumped 11.4%.

Net income in the quarter soared 33% to $8 million or 11 cents a diluted share compared to $6 million or 8 cents.

The company added in the quarter operating income surged 40% to $15.2 million.

For the year, the company expects adjusted net income between $42 million and $45 million and adjusted earnings per share in the range of 59 cents and 63 cents.

Lions Gate Entertainment Corp. (LGF), the Canada based entertainment company reported total revenues in the fourth quarter ending in March surged 22% to $785.7 million. Net for the quarter swung to profit $163 million or $1.10 a diluted share compared to net loss $22.7 million or 17 cents.

Pall Corporation (PLL), the purification company stated sales in the third quarter ending in March declined 3% to $641.2 million. Net earnings in the quarter slipped 7% to $73 million or 64 cents a diluted share compared to $78.9 million or 67 cents.

The company added gross profit in the quarter slightly decreased to $344 million and operating profit jumped 14% to $111.9 million.

For the full-year, the company expects pro-forma earnings per share in the range of $2.95 to $3.05.

Splunk Inc. (SPLK), the software provider said total revenue in the first quarter ending in April surged 54% to $57.2 million. Net loss in the quarter narrowed to $16.1 million or 6 cents a diluted share compared to $20.1 million or 4 cents.

For second quarter, the company expects total revenue in the range of $61 million to $63 million.

For the year, the company expects total revenue between $266 million and $274 million.
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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