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DAILY EARNINGS

Lululemon Net Declines, Ciena Net Loss Widens


Author: Mukesh Buch
ticker.com
Last Update: 12:25 PM ET December 11 2014

12:30 AM New York Ciena fourth-quarter net loss widened to $31 million. Lululemon third-quarter net dropped 9% to $61 million. Yum! Brands lifted earnings outlook for the year

Tollbooth Index jumped 1.6% or 161.19 to 9,996.14.

Earnings Review

Ciena Corporation (CIEN), the communications networking equipment provider reported revenues in the fourth-quarter ending in October increased 1.3% to $591 million from a year ago period.

Net loss in the quarter widened to $30.7 million or 29 cents a diluted share compared to $9.80 million or 9 cents from a same quarter last year.

Danaher Corporation (DHR), the medical, industrial and commercial products maker forecasted diluted net earnings per share in the forth-quarter between $1 and $1.04

The company forecasted adjusted diluted net earnings per share for the fiscal 2015 in the range between $4.35 and $4.45.

Lululemon Athletica inc (LULU), the sports and yoga apparel and accessory maker reported net revenues in the third-quarter ending on November 2 climbed 10% to $419.4 million from a year ago period. Comparable store sales for the quarter increased 3%.

Net income in the quarter dropped 8.5% to $60.5 million or 42 cents a diluted share compared to $66.1 million or 45 cents from a same quarter last year.

For the fourth quarter, the company expected net revenue in the range of $570 million to $585 million and diluted earnings per share to be between 64 cents and 69 cents.

Lowe''s Companies, Inc (LOW), the home improvement retailer estimated total sales for the year to climb between 4.5% and 5% and comparable sales to jump between 3.5% and 4%.

Methode Electronics Inc (MEI), the networking equipment maker said net sales in the second-quarter ending on November 1 soared 20.3% to $229.7 million from a year ago period.

Net income in the quarter surged 31.3% to $26 million or 66 cents a diluted share compared to $19.8 million or 51 cents from a same quarter last year.

Yum! Brands, Inc (YUM), the fast food restaurant operator forecasted earnings per share growth for the year in mid-single-digit compared to its prior forecast of between 6% and 10%.

For the fiscal 2015, the company expected earnings per share growth of about 10%.
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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