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DAILY EARNINGS

NVIDIA, Symantec Net Soar; J C Penney Net Loss Narrows


Author: Mukesh Buch
ticker.com
Last Update: 12:17 PM ET May 13 2016

12:00 PM New York Dillard''s first-quarter net declined 29% to $77 million. J C Penney first-quarter net loss narrowed to $68 million. Nordstrom first-quarter net plunged 64% to $46 million. NVIDIA first-quarter net jumped 46% to $196 million. Symantec fourth-quarter net surged to $2.04 billion.

Tollbooth Index slid 19.46 or 0.2% to 10,461.26.

Earnings Review

Brookfield Asset Management Inc (BAM), the alternative asset manager said revenues in the first-quarter ending in March soared 18.6% from a year ago to $5.22 billion.

Net income in the quarter tumbled 55.8% to $636 million or 23 cents per diluted share compared to $1.44 billion or 75 cents per share from the same quarter last year.

Dillard''s, Inc (DDS), the apparel, cosmetics and home furnishing retailer said total net sales in the first-quarter ending in April dropped 4.4% from a year ago to $1.50 billion.

Comparable store sales in the quarter slumped 5%.

Net income in the quarter declined 29.4% to $77.4 million or $2.17 per diluted share compared to $109.6 million or $2.66 per share from the same quarter last year.

J C Penney Company Inc (JCP), the department store operator reported total net sales in the first-quarter ending in April fell 1.6% from a year ago to $2.81 billion.

Comparable store sales in the quarter slid 0.4%.

Net loss in the quarter narrowed to $68 million or 22 cents per diluted share compared to $150 million or 49 cents per share from the same quarter last year.

Nordstrom, Inc (JWN), the specialty retailer said net sales in the first-quarter ending in April increased 2.5% from a year ago to $3.19 billion.

Comparable store sales in the quarter decreased 1.7%.

Net income in the quarter plunged 64% to $46 million or 26 cents per diluted share compared to $128 million or 66 cents per share from the same quarter last year.

Nordstrom lowered its revenues forecast in the year between 2.5% and 4.5% from the earlier estimated range of 3.5% to 5.5% and diluted earnings per share between $2.50 to $2.70 from the previous guidance between $3.10 and $3.35.

Luxoft Holding Inc (LXFT), the Switzerland-based engineering software provider stated revenues in the fourth-quarter ending in March advanced 23.2% from a year ago to $169.2 million.

Net income in the quarter surged 62.2% to $14.6 million or 43 cents per diluted share compared to $9 million or 27 cents per share from the same quarter last year.

The company forecasted revenues in the year to increase at least 20% to $780.9 million and diluted earnings per share of about $2.85 compared to same period a year ago.

NVIDIA Corporation (NVDA), the graphic chip maker stated revenues in the first-quarter on May 1 soared 13% from a year ago to $1.30 billion.

Net income in the quarter jumped 46% to $196 million or 33 cents per diluted share compared to $134 million or 24 cents per share from the same quarter last year.

Symantec Corporation (SYMC), the security software provider reported revenues in the fourth-quarter on April 1 fell 3% from a year ago to $873 million.

Net income in the quarter surged to $2.04 billion or $3.15 per diluted share compared to $176 million or 25 cents per share 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