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DAILY EARNINGS

Neogen Net Soars, Carnival Net Swings to Profit


Author: Mukesh Buch
ticker.com
Last Update: 11:31 AM ET December 21 2015

12:00 PM New York Carnival fourth-quarter net swung to profit $270 million. Neogen second-quarter surged 17% to $9 million. Urstadt Biddle Properties fourth-quarter net declined 11% to $23 million.

Tollbooth Index increased 59.45 or 0.6% to 10,645.24.

Earnings Review

Carnival Corp (CCL) jumped 2.5% or $1.31 to $53.74 after the cruise operator reported revenues in the fourth-quarter ending in November was flat from a year ago to $3.71 billion.

Net in the quarter swung to profit $270 million or 35 cents per diluted share compared to a loss of $104 million or 13 cents per share from the same quarter last year.

Neogen Corporation (NEOG) slipped 29 cents to $57.69 after the diagnostic test kits maker said in the second-quarter ending in November jumped 16% from a year ago to $79.6 million.

Net income in the quarter surged 16.7% to $9.1 million or 24 cents per diluted share compared to $7.8 million or 21 cents per share from the same quarter last year.

Urstadt Biddle Properties Inc (UBA) gained 2.3% or 43 cents to $19.55 after the self-administered real estate developer said total revenues in the fourth-quarter ending in October jumped 6.5% from a year ago to $27.9 million.

Net income in the quarter declined 11.1% to $23 million or 70 cents per diluted share compared to $27 million or 87 cents per share from the same quarter last year.

During the quarter, the company sold Meriden, CT property with a gain of about $20 million.
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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