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

Oracle Net Climbs, Darden Restaurants Net Falls


Author: Mukesh Buch
ticker.com
Last Update: 11:24 AM ET June 21 2013

10:45 AM New York American Software fourth quarter net plunged 12%. CarMax first quarter net jumped 22% to $146.7 million. Darden Restaurants fourth quarter net plunged 67% to $133.2 million. Oracle fourth quarter net climbed 10% to $3.9 billion. TIBCO Software second quarter net plunged 67% to $8.7 million.

Earnings Review

American Software, Inc. (AMSWA), the software company reported total revenue in the fourth quarter ending on April 30 tumbled 10% to $25.2 million. Net earnings in the quarter plunged 12% to $3.07 million or 11 cents a diluted share compared to $3.48 million or 13 cents.

CarMax, Inc. (KMX), the used vehicles retailers said net sales in the first quarter ending in May climbed 18% to $3.3 billion. Net earnings in the quarter jumped 22% to $146.7 million or 64 cents a diluted share compared to $120.7 million or 52 cents.

Gross profit in the quarter jumped 14% to $448.1 million.

Darden Restaurants, Inc. (DRI), the restaurant operator reported sales in the fourth quarter ending on May 26 surged 59% to $3.30 billion. Net earnings in the quarter plunged 67% to $133.2 million or $1.01 a diluted share compared to $151.2 million or $1.15.

Oracle Corporation (ORCL), the database software developer said revenues in the fourth quarter ending in May were flat at $10.9 billion. Net income in the quarter climbed 10% to $3.9 billion or 80 cents a diluted share compared to $3.6 billion or 69 cents.

The company added operating income jumped 9% to $5 billion, and operating margin soared 46%.

TIBCO Software Inc. (TIBX), the middleware and infrastructure software developer said total revenue in the second quarter ending on June 2 fell 0.6% to $245.8 million. Net income in the quarter plunged 67% to $8.7 million or 5 cents a diluted share compared to $26.5 million or 16 cents.

Gross profit in the quarter declined 4% to $171.9 million.
  1
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc