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DAILY EARNINGS

Rogers Net Rises; Dillard's, El Paso Net Decline


Author: Mukesh Buch
ticker.com
Last Update: 12:02 PM ET February 24 2014

10:45 AM New York Dillard''s fourth-quarter net declined 26% to $119 million. El Paso fourth-quarter net tumbled 75%. GT Advanced Tech fourth-quarter net loss narrowed to $42 million. Palo Alto second-quarter net loss widened to $40 million. Rogers fourth-quarter net more than doubled to $12 million.

Earnings Review

Dillard''s, Inc (DDS), the apparel, cosmetics and home furnishing retailer said revenue in the fourth-quarter ending on February 1 dropped 3.2% to $2.08 billion. Comparable stores sales for the quarter increased 2%.

Net income in the quarter declined 26.2% to $119.1 million or $2.71 a diluted share compared to $209.1 million or $3.36.

El Paso Electric Company (EE), the electricity provider stated revenue in the fourth-quarter ending in December fell 3.2% to $122 million.

Net income in the quarter tumbled 75% to $1.2 million or 3 cents a diluted share compared to $4.8 million or 12 cents.

The company forecasted basic earnings per share for the year between $2.10 and $2.50.

GT Advanced Technologies Inc (GTAT), the diversified technology company said revenue in the fourth-quarter ending in December plunged 68.1% to $32.6 million.

Net loss in the quarter narrowed to $41.8 million or 33 cents a diluted share compared to $159.4 million or $1.34.

Palo Alto Networks Inc (PANW), the network security platform provider said total revenue in the second-quarter ending in January jumped 46% to $141.1 million.

Net loss in the quarter widened to $39.9 million or 55 cents a diluted share compared to $2.6 million or 4 cents.

Rogers Corporation (ROG), the chip maker stated net sales in the fourth-quarter ending in December jumped 9.7% to $136.2 million.

Net income in the quarter more than doubled to $11.5 million or 64 cents a diluted share compared to $5.06 million or 29 cents.

RF Micro Devices, Inc (RFMD), the radio frequency solution provider agreed to acquire TriQuint Semiconductor, Inc for $1.59 billion. Shareholders of RF Micro and TriQuint will each own approximately 50% of the new company after the merger.

The transaction is expected to close in the second-half of this 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