10:45 AM New York – Family Dollar second quarter net increased 11% to $136.4 million. Jos. A. Bank Clothiers fourth quarter net fell 7.8% to $44.1 million. Lindsay Corp. second quarter net increased 13% to $12.8 million. PVH fourth quarter net surged 56% to $81.2 million. Progress Software first quarter net declined 64% to $7.5 million.

Earnings Review

Family Dollar Stores, Inc. (FDO), the general merchandise reported second quarter net sales increased 8.6% to $2.46 billion from $2.26 billion in the same quarter last year. Comparable store sales increased 4.5%. Net income in the quarter increased 10.7% to $136.4 million or $1.15 per diluted share compared to $123.2 million or 98 cents per share in the year ago earlier.

Jos. A. Bank Clothiers, Inc. (JOSB), the gents apparel retailer reported fourth quarter net sales grew 8.8% to $346.3 million from $318.3 million in the same quarter last year. Net income in the quarter fell 7.8% to $44.1 million or $1.58 per diluted share compared to $40.9 million or $1.47 per share in the year ago period.

For the year 2011 net sales grew 14.2% to $979.9 million from $858.1 million in last year. Comparable store sales increased 7.6%. Net income for the year increased 13.6% to $97.5 million or $3.49 per diluted share compared to $85.8 million or $3.08 per share in the prior year.

Lindsay Corporation (LNN), the infrastructure service provider reported second quarter total revenues grew 10% to $132.1 million from $120.2 million in the same quarter last year. Net earnings in the quarter increased 13.3% to $12.8 million or $1.00 per diluted share compared to $11.3 million or 89 cents per share in the year ago period.

Progress Software Corporation (PRGS), the enterprise reported first quarter revenue fell 7% to $124.4 million from $134.2 million in the same quarter last year. Net income in the quarter declined 64% to $7.5 million or 12 cents per diluted share compared to $20.5 million or 29 cents per share in the year ago earlier.

PVH Corp. (PVH), the apparel company reported fourth quarter revenue increased 10% to $1.5 billion from $1.4 billion in the same quarter last year. Net income in the quarter surged 56% to $81.2 million or $1.11 per diluted share compared to $52.2 million or 72 cents per share in the year ago earlier.

For the year 2011 revenue soared 27% to $5.89 billion from $4.36 billion in last year. Net income for the year surged to $317.9 million or $4.36 per diluted share compared to $53.8 million or 80 cents per share in the prior year.

Synnex Corporation (SNX), the business process service provider reported first quarter revenue edged down 1.6% to $2.46 billion from $2.50 billion in the same quarter last year. Net income in the quarter soared 28.6% to $38.2 million or $1.02 per diluted share compared to $29.7 million or 80 cents per share in the year ago quarter.

Teavana Holdings, Inc. (TEA), the tea related specialty retailer reported fourth quarter net sales soared 34% to $68.4 million from $51.2 million in the same quarter last year. Comparable store sales increased 8.6%. Net income in the quarter surged 36% to $12.5 million or 32 cents per diluted share compared to $9.2 million or 24 cents per share in the year ago period.

For the year 2011 net sales surged 35% to $168.1 million from $124.7 million in last year. Comparable store sales increased 8.6%. Net income for the year soared 48% to $17.8 million or 46 cents per diluted share compared to $12.0 million or 32 cents per share in the prior year.

Tyco International Ltd (TYC), the Switzerland based holding company said its merge Tyco''s Flow Control business with Pentair, Inc. (PNR). Shareholders of Tyco will get approximately 52.5% of the combined company and Pentair shareholders will have approximately 47.5%. The merged company estimated pro forma revenue of $7.7 billion in 2012.

Pentair, Inc. soared 17.7% to $47.74.