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DAILY EARNINGS

Nordstrom Net Falls, Autodesk Net Declines


Author: Mukesh Buch
ticker.com
Last Update: 11:56 AM ET May 16 2014

10:45 AM New York Applied Materials second-quarter net swung to profit $262 million. Autodesk first-quarter net tumbled 49% to $28 million. J.C. Penney first-quarter net loss widened to $352 million. Nordstrom first-quarter net fell 3% to $140 million. Stantec first-quarter net soared 18% to $33 million.

Earnings Review

Applied Materials, Inc (AMAT), the wafers and chips maker said net sales in the second-quarter ending in soared 19% to $2.35 billion.

Net in the quarter swung to profit $262 million or 21 cents a diluted share compared to a loss of $129 million or 11 cents.

Autodesk, Inc (ADSK), the application software service provider stated revenue in the first-quarter ending in March increased 4% to $592.5 million.

Net income in the quarter tumbled 49.1% to $28.3 million or 12 cents a diluted share compared to $55.6 million or 24 cents.

J.C. Penney Company, Inc (JCP), the department stores operator said sales in the first-quarter ending on May 3 increased 6% to $2.80 billion. Comparable store sales in the quarter jumped 6.2%.

Net loss in the quarter widened to $352 million or $1.15 a diluted share compared to $348 million or $1.58.

Nordstrom, Inc (JWN), the specialty retailer reported total revenue in the first-quarter ending on May 3 jumped 6.5% to $2.93 billion. Comparable store sales in the quarter climbed 3.9%.

Net earnings in the quarter fell 3.4% to $140 million or 72 cents a diluted share compared to $145 million or 73 cents.

Stantec Inc (STN), the Canada-based professional consulting service provider said total revenue in the first-quarter ending in March jumped 11.8% to $573.9 million.

Net income in the quarter soared 18% to $33.5 million or 71 cents a diluted share compared to $28.4 million or 61 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