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DAILY EARNINGS

Kroger Net Jumps; Jabil Circuit, Oracle, Rite Aid Net Plunge


Author: Mukesh Buch
ticker.com
Last Update: 11:55 AM ET June 18 2015

12:30 AM New York – Clarcor second-quarter net jumped 11% to $39 million. Jabil Circuit third-quarter net plunged 62% to $72 million. Kroger first-quarter net increased 2% to $619 million. Oracle fourth-quarter net declined 22% to $2.8 billion. Rite Aid first-quarter net tumbled 55% to $19 million.

Tollbooth Index climbed 1.1% or 116.92 to 10,879.76.

Earnings Review

Bankrate Inc (RATE), the financial information provider said revenues in the first-quarter ending in March dropped 3.8% to $141.5 million from a year ago period.

Net income in the quarter climbed 19.5% to $4.9 million or 5 cents per diluted share compared to $4.1 million or 4 cents from the same quarter last year.

The company forecasted revenues for the year in the range of $520 million to $530 million.

Clarcor Inc. (CLC), the filtration products maker said net sales in the second-quarter ending in May increased 3% to $399.8 million from a year ago period.

Net earnings in the quarter jumped 11% to $38.5 million or 76 cents per diluted share compared to $34.6 million or 68 cents from the same quarter last year.

Jabil Circuit, Inc. (JBL), the semiconductors maker reported net revenues in the third-quarter ending in May climbed 15% to $4.4 billion from a year ago period.

Net income in the quarter plunged 61.7% to $72.2 million or 37 cents per diluted share compared to $188.3 million or 93 cents from the same quarter last year.

Kroger Co (KR), the food and drug stores operator reported total sales in the first-quarter ending on May 23 edged up 0.3% to $33.1 billion from a year ago period.

Net income in the quarter increased 1.9% to $619 million or $1.25 per diluted share compared to $501 million or 98 cents from the same quarter last year.

Oracle Corporation (ORCL), the software developer said total revenues in the fourth-quarter ending in May decreased 5% to $10.7 billion from a year ago period.

Net income in the quarter declined 22.2% to $2.8 billion or 62 cents per diluted share compared to $3.6 billion or 80 cents from the same quarter last year.

Oracle''s total software and cloud revenues in the fourth quarter declined 6% to $8.4 billion and software license updates and product support revenues essentially flat at $4.7 billion. Hardware systems revenues for the quarter fell 4% to $1.4 billion.

Pier 1 Imports, Inc. (PIR), the home décor retailer stated net sales in the second-quarter ending in May rose 3% to $432 million from a year ago period.

Net income in the quarter tumbled 54% to $6.9 million or 8 cents per diluted share compared to $15.1 million or 16 cents from the same quarter last year.

Rite Aid Corporation (RAD), the retail drugstore chain said revenues in the first-quarter ending in May increased 1.5% to $6.6 billion from a year ago period.

Same store sales in the quarter jumped 2.9%.

Net income in the quarter tumbled 54.6% to $18.8 million or 2 cents per diluted share compared to $41.4 million or 4 cents from the same quarter last year.

For fiscal 2016, the company forecasted net income in the range of $150 million and $230 million and diluted earnings per share between 14 cents and 22 cents compared to earlier revenue guidance between $190 million and $275 million and diluted earnings per share in the range of 19 cents to 27 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