S&P 500 2,441.20 17.28
Gold$1,224.80 $5.30
Nasdaq 6,253.81 61.92
Crude Oil $60,490.00      $-1570.00
DAILY EARNINGS

Nordstrom Net Jumps 4%; SINA Net Plunges 20%


Author: Mukesh Buch
ticker.com
Last Update: 12:02 PM ET November 14 2014

12:30 AM New York MFC Industrial third-quarter net dropped 8% to $6.4 million. Matthews Intl fourth-quarter net tumbled 64% to $5 million. Nordstrom third-quarter net jumped 4% to $142 million. SFX Entertainment third-quarter net swung to profit. SINA third-quarter net plunged 20% to $134 million.

Tollbooth Index slid 0.1% or 9.77 to 9,837.16.

Earnings Review

MFC Industrial Ltd. (MIL), the commodity supplier reported net sales in the third-quarter ending in September surged 82% to $389.4 million from a year ago period.

Net income in the quarter dropped 8% to $6.42 million or 10 cents a diluted share compared to $6.98 million or 10 cents from a same quarter last year.

Matthews International Corp (MATW), the memorialization products maker stated sales in the fourth-quarter ending in September soared 38.4% to $349.8 million.

Net income in the quarter tumbled 64.1% to $5.2 million or 16 cents a diluted share compared to $14.5 million or 52 cents from a same quarter last year.

Nordstrom, Inc (JWN), the fashion specialty retailer reported total net sales revenues in the third-quarter ending in September climbed 8.9% to $3 billion from a same period last year. Comparable sales in the quarter advanced 3.9%.

Net earnings in the quarter jumped 3.6% to $142 million or 73 cents a diluted share compared to $137 million or 69 cents from a same quarter last year.

SFX Entertainment, Inc. (SFXE), the entertainment company said revenues in the third-quarter ending in September soared 194.5% to $143.5 million from a same period last year.

Net income in the quarter swung to profit $2.67 million compared to a loss of $28.79 million from a same quarter last year.

SINA Corp (SINA), the online media company said net revenues in the third-quarter ending in September climbed 8% to $198.6 million from a year ago period.

Net income in the quarter plunged 20% to $133.6 million or $1.91 a diluted share compared to $25.4 million or 37 cents from a same quarter last year.
  1
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc