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DAILY EARNINGS

Nike Net Surges; BlackBerry, Jabil Circuit Net Swing to Profit


Author: Mukesh Buch
ticker.com
Last Update: 9:07 AM ET September 25 2015

12:30 AM New York BlackBerry second-quarter net swung to profit $51 million. Bed Bath & Beyond second-quarter net declined 10% to $202 million. Cintas first-quarter net slumped 9% to $100 million. Jabil Circuit fourth-quarter net swung to profit $88 million. Nike first-quarter net surged 23% to $1.2 billion.

Tollbooth Index increased 39.05 or 0.4% to 10,350.62.

Earnings Review

BlackBerry Ltd (BBRY), the Canada-based mobile devices maker reported revenues in the second-quarter ending on August 29 plunged 46.5% from a year ago to $490 million.

Net in the quarter swung to profit $51 million but a loss of 24 cents per diluted share compared to a loss of $207 million or 39 cents from the same quarter last year.

Cash flow in the quarter was $100 million and cash balance at the end of the quarter increased $37 million to $3.35 billion.

The company also announced a plan to introduce launch a handheld device that will run on Android operating system with BlackBerry security.

Bed Bath & Beyond Inc ((BBBY), the home furnishings retailer reported net sales in the second-quarter ending on August 29 rose 1.7% from a year ago to $3 billion.

Comparable store sales in the quarter increased 1.1%.

Net income in the quarter declined 10% to $201.7 million or $1.21 per diluted share compared to $224 million or $1.17 from the same quarter last year.

For the third-quarter, the company forecasted diluted earnings per share between $1.14 and $1.21, compared to $1.23 in the same prior a year ago and comparable sales to increase between 1% and 3% for the third and fourth quarters of fiscal 2015.

Cintas Corporation (CTAS), the uniforms and business services provider stated revenues in the first-quarter ending in August soared 8.8% from a year ago to $1.20 billion.

Net income in the quarter slumped 9% to $100.2 million or 88 cents per diluted share compared to $110.1 million or 93 cents from the same quarter last year.

The Finish Line Inc (FINL), the athletic shoes and accessories retailer said revenues in the second-quarter ending on August 29 jumped 3.5% from a year ago to $483.2 million.

Finish Line comparable store sales in the quarter increased 1.5%.

Net income in the quarter fell 1.1% to $25.9 million or 57 cents per diluted share compared to $26.2 million or 54 cents from the same quarter last year.

Jabil Circuit, Inc (JBL), the electronic chip maker reported revenues in the fourth-quarter ending in August jumped 14.6% from a year ago to $4.68 billion.

Net in the quarter swung to profit $87.7 million or 45 cents per diluted share compared to a loss of $26.2 million or 13 cents from the same quarter last year.

The company forecasted revenues for the fiscal first-quarter between $5.1 billion and $5.3 billion and earnings per share in the range of 72 cents to 88 cents.

For the year, the company revenues of about $20 billion and earnings per share of about $2.60.

Nike Inc (NKE), the athletic footwear and accessories maker reported revenues in the first-quarter ending in August jumped 5% from a year ago to $8.4 billion.

Net income in the quarter surged 23% to $1.18 billion or $1.34 per diluted share compared to $962 million or $1.09 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