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

Salesforce and Sears Net Loss Narrow, Chico's and Harsco Net Loss Widen


Author: Mukesh Buch
ticker.com
Last Update: 12:53 PM ET February 26 2015

12:30 AM New York AES fourth-quarter net swung to profit $206 million. Avago first-quarter net surged 162% to $351 million. Kohl''s fourth-quarter net soared 10% to $369 million. Salesforce fourth-quarter net loss narrowed to $66 million. Sears fourth-quarter net loss narrowed to $159 million.

Tollbooth Index nearly rose 0.1% or 13.95 to 10,731.14.

Earnings Review

AES Corp (AES), the diversified power producer said net sales in the fourth-quarter ending on December climbed 8.7% to $4.13 billion from a year ago period.

Net in the quarter swung to profit $206 million or 29 cents per diluted share compared to a loss of $206 million or 28 cents from the same quarter last year.

Avago Technologies Ltd (AVGO), the Singapore-based analog semiconductor device supplier stated net revenues in the first-quarter ending on February 1 soared 130% to $1.63 billion from a year ago period.

Net income in the quarter surged 162% to $351 million or $1.26 per diluted share compared to $134 million or 53 cents from the same quarter last year.

Separately, the chipmaker agreed to acquire networking company Emulex Corp for $8 per share in a cash deal valued at about $609 million.

The deal is expected to close in November.

Chico's FAS, Inc (CHS), the apparel retailer said net sales in the second-quarter ending in January climbed 7% to $656.9 million from a year ago period. Comparable store sales in the quarter jumped 4.3%.

Net loss in the quarter widened to $31.8 million or 21 cents per diluted share compared to $0.35 million or break even from the same quarter last year.

Harsco Corporation (HSC), the industrial and engineering service provider stated total revenues in the fourth-quarter ending in December plunged 27.8% to $492.1 million from a year ago period.

Net loss in the quarter widened to $45.6 million or 56 cents per diluted share compared to $25.3 million or 31 cents from the same quarter last year.

Hewlett-Packard Co (HPQ), on media reports that the computer and printer maker is in talks to buy Wi-Fi gear maker Aruba Networks Inc.

Shares of Aruba closed at 21% to $22.24 and shares of HP declined 9.8% to $34.70.

Kohl's Corporation (KSS), the department store operator reported total sales in the fourth-quarter ending in January increased 3.9% to $6.34 billion from a year ago period. Comparable store sales in the quarter jumped 3.7%.

Net income in the quarter soared 10% to $369 million or $1.83 per diluted share compared to $334 million or $1.56 from the same quarter last year.

The retailer forecasted earnings per diluted share for the fiscal 2015 of between $4.40 and $4.60.

Salesforce.com, Inc (CRM), the cloud computing service provider said total revenues in the fourth-quarter ending in January soared 26.3% to $1.44 billion from a year ago period.

Net loss in the quarter narrowed to $65.8 million or 10 cents per diluted share compared to $116.6 million or 19 cents from the same quarter last year.

The company forecasted revenues for the first-quarter between $1.49 billion and $1.51 billion and adjusted earnings per share in the range of 13 cents to 14 cents.
  1  2
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc