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DAILY EARNINGS

Monsanto Net Swing to Profit, Walgreens Net Drops


Author: Mukesh Buch
ticker.com
Last Update: 11:49 AM ET January 05 2017

12:00 PM New York Constellation Brands first-quarter net surged 50% to $406 million. Monsanto first-quarter net swung to profit $29 million. RPM International second-quarter net swung to a loss of $71 million. Walgreens Boots Alliance first-quarter net dropped 5% to $1.05 billion.

Tollbooth Index slipped 21.82 or 0.2% to 11,214.56.

Earnings Review

Constellation Brands Inc (STZ), the beer and wine maker reported revenues in the first-quarter ending on November 26 jumped 10.4% from a year ago to $1.8 billion.

Net income in the quarter surged 50% to $405.9 million or $1.98 per diluted share compared to the $270.5 million or $1.33 per share in the same quarter last year.

Cato Corporation (CATO), the fashion specialty retailer reported sales in the five-weeks ending in December declined 12% from a year ago to $104.4 million.

Same-store sales in the month slumped 12%.

Cato lifted diluted loss per share estimate in the fourth-quarter between 50 cents and 54 cents compared to the earlier estimated loss of 7 cents to 11 cents.

In the year, the fashion specialty retailer lowered diluted earnings per share forecast between $1.66 and $1.70 compared to the previous guidance of $2.08 to $2.12 and $2.39 last year.

L Brands (LB), the specialty retailer said net sales in the five-weeks ending in December increased 1% from a year ago to $2.44 billion.

Comparable sales in the month decreased 1%.

In the fourth-quarter, L Brands forecasted diluted earnings per share may lower end of its previous guidance of $1.85 to $2 per share.

Macy''s Inc (M), the home furnishings and consumer goods retailer said comparable sales in the months of November and December dropped 2.1%.

The apparel and accessories retailer plans to close 68 stores and lowered earnings per share forecast between $2.95 and $3.10 from previously estimated range of $3.15 to $3.40.

Monsanto Company (MON), the agricultural products provider reported sales in the first-quarter ending on November 26 soared 22.7% from a year ago to $2.7 billion.

Net in the quarter swung to profit $29 million or 7 cents per diluted share compared to the loss of $253 million or 56 cents per share in the same quarter last year.

RPM International Inc (RPM), the paints, and coatings maker said revenues in the second-quarter ending in November rose 3% from a year ago to $1.2 billion.

Net in the quarter swung to a loss of $70.9 million or 54 cents per diluted share compared to the profit of $83.4 million or 62 cents per share from the same quarter last year.

Walgreens Boots Alliance Inc (WBA), the drug retailer reported sales in the first-quarter ending in November slumped 1.8% from a year ago to $28.5 billion.

Net income in the quarter dropped 5.4% to $1.05 billion or 97 cents per diluted share compared to the $1.11 billion or $1.01 per share in the same quarter last year.

Walgreens estimated adjusted diluted net earnings per share in the fiscal year 2017 in the range of $4.90 to $5.20.
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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