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DAILY EARNINGS

Smucker Net Drops, Vail Resorts Net Jumps; Dell Net Swings to Loss


Author: Mukesh Buch
ticker.com
Last Update: 1:08 PM ET June 08 2017

12:00 PM New York Cantel Medical third-quarter net soared 25% to $18 million. Dell first-quarter net swung to a loss of $1.3 billion. Destination Maternity first-quarter net swung to a loss after revenues plunged. Smucker fourth-quarter net tumbled 42% to $110 million. Vail Resorts third-quarter net jumped 15% to $181 million.

Tollbooth Index slid 13.69 to 12,288.74.

Earnings Review

Cantel Medical Corp (CMD), the infection prevention products provider said revenues in the third-quarter ending in April jumped 10.6% from a year ago to $192.1 million.

Net income in the quarter soared 25% to $17.5 million or 42 cents per diluted share from $14 million or 34 cents in the same quarter last year.

Dell Technologies Inc (DVMT), the information technology provider reported net revenues in the first-quarter ending on May 5 soared 46% from a year ago to $17.8 billion.

Net in the quarter swung to a loss of $1.3 billion from profit of $55 million in the same quarter last year.

Dell said PC shipments in the quarter increased 6.2% from same period a year ago and 17th consecutive quarters of PC unit share growth and gross margins increased 96%.

Destination Maternity Corp (DEST), the maternity apparel retailer stated revenues in the first-quarter ending in April plunged 14.5% from a year ago to $106.4 million.

Comparable sales in the quarter declined 7.3%.

Net in the quarter swung to a loss of $1.1 million or 8 cents per diluted share from profit of $4 million or 30 cents in the same quarter last year.

J M Smucker Co (SJM), the branded food and beverage products maker reported revenues in the fourth-quarter ending in April fell 1% from a year ago to $1.78 billion.

Net income in the quarter tumbled 42% to $110.4 million or 96 cents per diluted share from $191 million or $1.61 in the same quarter last year.

Smucker said sales declined marginally on 5% fall in the U.S. retail pet foods segment and profit declined 15% while profit margin fell 240 basis points 22.1%.

Vail Resorts, Inc (MTN), the mountain resorts and skiing services provider said total net revenues in the third-quarter ending in April surged 22.7% from a year ago to $794.6 million.

Net income in the quarter jumped 14.9% to $181.1 million or $4.40 per diluted share from $157.6 million or $4.23 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