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DAILY EARNINGS

Lamb Weston Net Jumps; Schulman, VOXX, WD-40 Net Plunge


Author: Mukesh Buch
ticker.com
Last Update: 6:38 AM ET January 10 2017

12:00 PM New York Schulman first-quarter net tumbled 79% to $1.1 million. Barracuda Networks third-quarter net swung to profit $2 million. Lamb Weston second-quarter net soared 19% to $87 million. VOXX International third-quarter net plummeted 26% to $6 million. WD-40 first-quarter net fell 3% to $12 million.

Tollbooth Index increased 14.57 to 11,333.54.

Earnings Review

A Schulman Inc (SHLM), the resins supplier reported revenues in the first-quarter ending in November declined 6.2% from a year ago to $600 million.

Net income in the quarter tumbled 78.8% to $1.1 million or 4 cents per diluted share compared to the $68.4 million or 18 cents per share in the same quarter last year.

Schulman forecasted sales in the fiscal year between $2.5 billion and $2.6 billion and operating profit in the range of $225 million to $230 million and diluted earnings per share in the range of $2.08 to $2.18.

Barracuda Networks Inc (CUDA), the data protection solutions provider said total revenues in the third-quarter ending in November soared 11% from a year ago to $88.8 million.

Net in the quarter swung to profit $1.8 million or 3 cents per diluted share compared to the loss of $1.6 million or 3 cents per share in the same quarter last year.

Lamb Weston Holdings Inc (LW), the frozen appetizer and vegetable supplier reported revenues in the second-quarter ending on November 27 advanced 7% from a year ago to $790.7 million.

Net income in the quarter soared 19% to $87.2 million or 59 cents per diluted share compared to the $73.3 million or 50 cents per share in the same quarter last year.

VOXX International Corporation (VOXX), the audio and consumer accessories maker said revenues in the third-quarter ending in November advanced 3.3% from a year ago to $198.9 million.

Net income in the quarter plummeted 25.6% to $5.8 million or 24 cents per diluted share compared to the $7.8 million or 32 cents per share in the same quarter last year.

WD-40 Company (WDFC), the household products maker stated total net sales in the first-quarter ending in November dropped 4% from a year ago to $89.2 million.

Net income in the quarter fell 3% to $11.8 million or 82 cents per diluted share compared to the $12.1 million or 83 cents per share in the 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