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DAILY EARNINGS

OmniVision Net Climbs, salesforce Net Swings to Profit


Author: Mukesh Buch
ticker.com
Last Update: 11:32 AM ET August 30 2013

10:45 AM New York Big Lots second-quarter net plunged 18% to $18 million. Krispy Kreme second-quarter net slipped 4%. OmniVision first-quarter net soared nine-fold to $23.1 million. Splunk second-quarter net loss widened to $13.7 million. salesforce second-quarter net swung to a profit $76.6 million.

Earnings Review

Big Lots, Inc (BIG) gained 2.7% or 94 cents to $35.57 after the deep discount retailer stated net sales in the second-quarter ending on August 3 advanced rose 0.8% to $1.23 billion. Comparable store sales in the quarter decreased 2.2%.

Net income in the quarter plunged 18% to $18.1 million or 31 cents a diluted share compared to $22.1 million or 36 cents.

Combined comparable same store sales in the U.S. and Canada slid 1.9% but comparable same store sales in Canada jumped 8.3%.

The company added gross margin in the second-quarter increased 0.4% to $479.5 million and operating profit jumped 17% to $32.8 million.

Bebe Stores, Inc. (BEBE) declined 6.8% or 41 cents to $5.58 after the apparel retailer said net sales in the fourth-quarter ending on July 6 advanced 8.5% to $109 million. Comparable store sales in the quarter dropped 7.1%.

Net in the quarter swung to a loss $20.8 million or 26 cents a diluted share compared to a profit of $3.02 million or 4 cents.

The retailer said gross margin in the quarter plunged 31% to $36.5 million and operating loss swung to $57.8 million from a profit of $5.35 million.

Krispy Kreme Doughnuts, Inc. (KKD) plunged 14.3% or $3.33 to $19.91 after the retailer said net sales in the second-quarter ending on August 3 climbed 10% to $112.7 million. Comparable store sales in the quarter jumped 10%.

Net income in the quarter slipped 4% to $4.7 million or 7 cents a diluted share compared to $4.9 million or 7 cents.

For the second quarter operating income soared 14.8% to $10.6 million.

For the year, the company expects adjusted net income between $42 million and $45 million and diluted earnings per share in the range of 59 cents to 63 cents.

OmniVision Technologies, Inc. (OVTI) tumbled 15.1% or $2.77 to $15.65 after the optical chip maker said revenues in the first-quarter ending in July surged 48% to $373.5 million. Net income in the quarter soared nine-fold to $23.1 million or 42 cents a diluted share compared to $2.3 million or 4 cents.

Omnivision expects for the second-quarter revenues in the range of $375 million to $410 million and diluted earnings per share between 21 cents and 38 cents.

Splunk Inc. (SPLK) soared 10.8% or $5.32 to $54.24 after the software developer reported total revenue in the second-quarter ending in July surged 50% to $66.9 million. Net loss in the quarter widened to $13.7 million or 13 cents a diluted share compared to $4.6 million or 5 cents.

For the third-quarter, Splunk expects total revenues between $69 million and $71 million.

For the year, the company expects total revenues in the range of 275 million to $281 million.

salesforce.com, Inc. (CRM) surged 13.8% or $5.96 to $49.64 after the cloud computing service provider stated net sales in the second-quarter ending in July climbed 31% to $957 million. Net in the quarter swung to a profit $76.6 million or 12 cents a diluted share compared to a loss of $9.83 million or 2 cents.

For the third-quarter, the company expects revenue in the range of $1.05 billion to $1.06 billion and diluted earnings per share between 18 cents to 19 cents.

For the year, salesforce.com expects revenue in the range of $4 billion to $4.03 billion and diluted loss per share between 42 cents to 44 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