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DAILY EARNINGS

Movado, Tiffany Net Tumble; Workday Net Loss Widens


Author: Mukesh Buch
ticker.com
Last Update: 11:59 AM ET May 27 2015

12:30 AM New York DSW first-quarter net surged 23% to $47 million. Michael Kors fourth-quarter net soared 13% to $183 million. Tiffany first-quarter net plunged 16% to $105 million. Toll Brothers second-quarter net jumped 4% to $68 million. Workday first-quarter net loss widened to $62 million.

Tollbooth Index jumped 0.7% or 78.48 to 10,773.94.

Earnings Review

Brown Shoe Company, Inc (BWS), the footwear retailer reported revenues in the first-quarter ending on May 2 rose 1.9% to $602.3 million from a year ago period.

Net income in the quarter soared 24.8% to $19.3 million or 44 cents per diluted share compared to $15.4 million or 35 cents from the same quarter last year.

The company lifted diluted earnings per share forecast for the year between $1.84 to $1.94 and revenues in the range of $2.61 billion to $2.63 billion.

Chico''s FAS, Inc (CHS), the women''s apparel retailers said net sales in the first-quarter ending on May 2 increased 1.7% to $693.3 million from a year ago period.

Comparable store sales in the quarter slipped 0.1%.

Net income in the quarter jumped 4.7% to $32.5 million or 22 cents per diluted share compared to $39.9 million or 26 cents from the same quarter last year.

DSW Inc (DSW), the footwear and accessories retailer stated net sales in the first-quarter ending on May 3 soared 9.4% to $655 million from a year ago period.

Comparable store sales in the quarter jumped 5.1%.

Net income in the quarter surged 22.6% to $47.4 million or 53 cents per diluted share compared to $38.6 million or 42 cents from the same quarter last year.

The retailer forecasted total revenues for the year to increase between 7% and 8% and diluted earnings per share in the range of $1.80 to $1.90.

Movado Group, Inc (MOV), the watches designer said net sales in the first-quarter ending in April fell 0.3% to $120.5 million from a year ago period.

Net income in the quarter tumbled 51.4% to $3.6 million or 15 cents per diluted share compared to $7.4 million or 29 cents from the same quarter last year.

Movado forecasted net sales for the year to increase in the range of $590 million to $600 million and net income between $48.5 million and $51.0 million and diluted earnings share per in the range of $2 to $2.10.

Michael Kors Holdings Ltd (KORS), the designer apparel and accessories retailer reported total revenues in the fourth-quarter ending on March 28 climbed 17.8% to $1.1 billion from a year ago period.

Net income in the quarter soared 13.4% to $182.6 million or 90 cents per diluted share compared to $161 million or 78 cents from the same quarter last year.

Retail net sales in the quarter jumped 14.9% to $469.4 million and sales in North America surged 13.7% to $840.5 million.

Tiffany & Co (TIF), the jewellery retailer reported net sales in the first-quarter ending in April dropped 5% to $962.4 million from a year ago period.

Comparable store sales in the quarter slipped 1%.

Net income in the quarter plunged 16.4% to $105 million or 81 cents per diluted share compared to $125.6 million or 97 cents from the same quarter last year.

Toll Brothers Inc (TOL), the residential property developer said total revenues in the second-quarter ending in April decreased 1% to $852.6 million from a year ago period.

Net income in the quarter jumped 4.1% to $67.9 million or 37 cents per diluted share compared to $65.2 million or 35 cents from the same quarter last year.

Workday Inc (WDAY), the enterprise software provider reported total revenues in the first-quarter ending in April surged 57% to $250.9 million from a year ago period.

Net loss in the quarter widened to $61.6 million or 33 cents per diluted share compared to $59.4 million or 32 cents from 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