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

Scholastic Net Jumps 5%


Author: Mukesh Buch
ticker.com
Last Update: 12:24 PM ET December 15 2016

12:00 PM New York – RMR Group fourth-quarter net soared 18% to $7.4 million. Scholastic second-quarter net jumped 5% to $68 million. Sanderson Farms fourth-quarter net surged 177% to $76 million. Smart Sand third-quarter net swung to a loss but revenues jumped 29%.

Tollbooth Index jumped 61.95 or 0.6% to 11,346.59.

Earnings Review

Nucor Corporation (NUE), the steel and steel products manufacturer lowered diluted earnings per share forecast in the fourth quarter ending December between 30 cents to 35 cents compared to the 84 cents in the same period a year ago.

Nucor said earnings estimate was lowered mainly due to sale price volatility and demand during 2016 and steel products prices are expected to be volatile in 2017.

RMR Group Inc (RMR), the real estate developer said total revenues in the fourth-quarter ending in September advanced 17% from a year ago to $56.3 million.

Net income in the quarter jumped 17.5% to $7.4 million or 46 cents per diluted share compared to the $6.3 million or 40 cents per share from the same quarter last year.

Scholastic Corp (SCHL), the children’s books publisher and distributor reported revenues in the second-quarter ending in November advanced 4% from a year ago to $623.1 million.

Net income in the quarter jumped 4.6% to $67.9 million or $1.92 per diluted share compared to the $64.9 million or $1.84 per share from the same quarter last year.

Scholastic reaffirmed total revenue in fiscal 2017 between $1.7 billion and $1.8 billion and diluted earnings per share in the range of $1.60 to $1.70.

Sanderson Farms, Inc (SAFM), the poultry products distributer said revenues in the fourth-quarter ending in October soared 16.4% from a year ago to $790.8 million.

Net income in the quarter surged 177.4% to $76 million or $3.36 per diluted share compared to the $27.4 million or $1.22 per share from the same quarter last year.

Smart Sand Inc (SND), the raw frac sand producer stated revenues in the third-quarter ending in September jumped 29% from a year ago to $10.9 million.

Net in the quarter swung to a loss of $0.1 million or break even cents per diluted share compared to the $1.8 million or 7 cents per share from the same quarter last year.
  1
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc