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DAILY EARNINGS

Nike, Walgreen Net Jump; Navistar Net Loss Narrows


Author: Mukesh Buch
ticker.com
Last Update: 11:21 AM ET December 20 2013

10:45 AM New York CarMax third-quarter net soared 12% to $107 million. Navistar fourth-quarter net loss narrowed to $154 million. Nike second-quarter net surged 40% to $537 million. Red Hat second-quarter net soared 49% to $52 million. Walgreen first-quarter net jumped 5% to $695 million.

Earnings Review

AAR Corp. (AAR), the aircraft equipment provider said revenues in the second-quarter ending in November rose 5% to $540.7 million. Net income in the quarter climbed 12% to $20 million or 50 cents a diluted share compared to $17.8 million or 44 cents.

CarMax, Inc. (KMX), the wholesales vehicles retailer reported total revenues in the third-quarter ending in November soared 13% to $2.94 billion. Comparable stores in the quarter jumped 10%.

Net earnings in the quarter soared 12.4% to $106.5 million or 47 cents a diluted share compared to $94.7 million or 41 cents.

Carnival Corporation (CCL), the cruise company said total revenues in the fourth-quarter ending in November increased 2.5% to $3.66 billion. Net income in the quarter plunged 29% to $66 million or 8 cents a diluted share compared to $93 billion or 12 cents.

Cintas Corporation (CTAS), the business support service provider stated revenues in the second-quarter ending in October grew 7.9% to $1.14 billion. Net income in the quarter jumped 9% to $84.9 million or 70 cents a diluted share compared to $78 million or 63 cents.

Navistar International Corporation (NAV), the heavy machinery and vehicles maker said total revenues in the fourth-quarter ending in October surged 14% to $2.75 billion. Net loss in the quarter narrowed to $154 million or $1.91 a diluted share compared to $2.77 billion or $40.13.

Nike, Inc. (NKE), the sports and apparel retailer stated revenues in the second-quarter ending in October advanced 8% to $6.43 billion. Net income in the quarter surged 40% to $537 million or 59 cents a diluted share compared to $384 million or 57 cents.

Red Hat, Inc. (RHT), the software provider said total revenues in the second-quarter ending in October jumped 15% to $397 million. Net income in the quarter soared 49% to $52 million or 27 cents a diluted share compared to $35 million or 18 cents.

TIBCO Software Inc. (TIBX), the system software provider stated total revenues in the fourth-quarter ending in November advanced 6.4% to $315.5 million. Net income in the quarter climbed 8.8% to $44.5 million or 27 cents a diluted share compared to $48.8 million or 29 cents.

Walgreen Co. (WAG), the drug retailer reported net sales in the first-quarter ending in November advanced 5.9% to $18.3 billion. Comparable store sales in the quarter rose 2.4%.

Net earnings in the quarter rose 4.8% to $695 million or 72 cents a diluted share compared to $413 million or 43 cents.
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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