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DAILY EARNINGS

PriceSmart Net Jumps; AZZ, Greenbrier Net Decline


Author: Mukesh Buch
ticker.com
Last Update: 12:02 PM ET January 06 2017

12:00 PM New York AZZ third-quarter net tumbled 23% to $18 million. AngioDynamics second-quarter net swung to profit $14 million. Greenbrier first-quarter net plunged 64% to $25 million. PriceSmart first-quarter net jumped 5.1% to $25 million. Ruby Tuesday second-quarter net loss widened to $38 million.

Tollbooth Index advanced 52.57 or 0.5% to 11,299.40.

Earnings Review

AZZ Inc (AZZ), the welding and galvanizing services provider said revenues in the third-quarter ending in November slumped 6.2% from a year ago to $227.5 million.

Net income in the quarter tumbled 22.5% to $18.3 million or 70 cents per diluted share compared to the $23.5 million or 91 cents per share in the same quarter last year.

AngioDynamics, Inc (ANGO), the medical, surgical and diagnostic devices maker stated sales in the second-quarter ending in November slid 0.3% from a year ago to $89 million.

Net in the quarter swung to profit $13.7 million or 37 cents per diluted share compared to the loss of $0.33 million or 1 cent per share in the same quarter last year.

Greenbrier Companies Inc (GBX), the railroad freight car equipment designer reported revenues in the first-quarter ending in November plummeted 31.2% from a year ago to $552.3 million.

Net income in the quarter plunged 64% to $24.9 million or 79 cents per diluted share compared to the $69.4 million or $2.15 per share in the same quarter last year.

Greenbrier forecasted revenues in the fiscal 2017 between $2 billion and $2.4 billion and diluted earnings per share in the range of $3.25 to $3.75.

PriceSmart, Inc (PSMT), the discount stores operator said revenues in the first-quarter ending in November rose 3.9% from a year ago to $739.6 million.

Net income in the quarter jumped 5.1% to $24.9 million or 82 cents per diluted share compared to the $23.7 million or 78 cents per share in the same quarter last year.

Ruby Tuesday, Inc (RT), the dining and casual restaurants operator stated in the second-quarter ending in November dropped 17.7% from a year ago to $214.7 million.

Same-restaurant sales in the quarter declined 4.1%.

Net loss in the quarter widened to $38 million or 63 cents per diluted share compared to the $15.8 million or 26 cents per share in the same quarter last year.
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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