10:45 AM New York – Guess fourth quarter net plunged 11% to $72.6 million. Jabil Circuit second quarter net dropped 9% to $88.5 million. Lululemon fourth quarter net climbed 49% to $109.4 million. Oracle third quarter net flat at $2.50 billion. Cato fourth quarter net plunged 22%.
Darden Restaurants, Inc.
), the restaurant company reported sales in the third quarter ending on February 24 advanced 5% to $2.26 billion. Net earnings in the quarter plunged 18% to $134.4 million or $1.02 a diluted share compared to $164.1 million or $1.25.
The Darden expects for the year diluted earnings per share from continuing operations between $3.60 and $3.22.
Micron Technology, Inc.
), the chip maker said net sales in the second quarter ending on February 28 increased 3% to $2.08 billion. Net loss in the quarter widened to $286 million or 28 cents a diluted share compared to $282 million or 29 cents.
), the athletic footwear and apparel maker said net sales in the third quarter ending on February 28 advanced 9% to $6.19 billion. Net income in the quarter surged 55% to $866 million or 73 cents a diluted share compared to $560 million or 61 cents.
), the apparel retailer said net sales in the fourth quarter ending on February 2 surged 22% to $269.1 million. Comparable sales in the quarter rose 0.7%.
Net income in the quarter slipped 11% to $15 million or 62 cents a diluted share compared to $12.9 million or 52 cents. The company added gross profit in the quarter jumped 26% to $101.2 million.
For the first quarter, apparel retailer expects diluted earnings per between 47 cents and 50 cents.
Silver Wheaton Corp.
), the Canada based mining company stated revenues in the fourth quarter ending in December climbed 50% to $287.2 million. Net earnings in the quarter soared 23% to $177.7 million or 50 cents a diluted share compared to $144.7 million or 41 cents.
), the grocery retailer completed the sale of its five retail grocery banners to AB Acquisition LLC, an affiliate of Cerberus Capital Management in a valued $3.3 billion.
Tibco Software Inc.
), the software company reported total revenue in the first quarter ending on March 3 surged 5% to $237.8 million. Net income in the quarter tumbled 54% to $9.5 million or 6 cents a diluted share compared to $20.6 million or 12 cents.
The company said gross profit in the quarter grew 3% to $164.2 million.
Tiffany & Co.
), the specialty retailer stated total revenue in the fourth quarter ending in January rose 4% to $1.24 million. Comparable sales in the quarter were flat.
Net earnings in the quarter edged up to $179.6 million or $1.40 a diluted share compared to $178.4 million or $1.39 cents.
The company said gross profit in the quarter rose 2% to $730.8 million.
For the first quarter, the retailer expects diluted earnings per share from operations in the range of $3.43 to $3.