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DAILY EARNINGS

TJX Net Climbs, Target Net Swings to a Loss


Author: Mukesh Buch
ticker.com
Last Update: 10:52 AM ET February 25 2015

12:30 AM New York Campbell Soup second-quarter net tumbled 36% to $207 million. Chesapeake Energy fourth-quarter net swung to profit $586 million. Lowe''s fourth-quarter net soared 47% to $450 million. TJX fourth-quarter net surged 11.3% to $648 million. Target fourth-quarter net swung to a loss of $2.64 billion.

Tollbooth Index nearly gained 0.4% or 42.42 to 10,720.47.

Earnings Review

BroadSoft Inc (BSFT), the software service provider said total revenues in the fourth-quarter ending in December climbed 26.8% to $65.8 million from a year ago period.

Net income in the quarter surged to $9.09 million or 30 cents per diluted share compared to $0.51 million or 2 cents from the same quarter last year.

Campbell Soup Company (CPB), the convenience food maker stated net sales in the second-quarter ending on February 1 dropped 2.2% to $2.23 billion from a year ago period.

Net income in the quarter tumbled 36.3% to $207 million or 66 cents per diluted share compared to $325 million or $1.03 from the same quarter last year.

Chesapeake Energy Corporation (CHK), the oil and gas explorer reported total revenues in the fourth-quarter ending in December soared 11.2% to $5.05 billion from a year ago period.

Net in the quarter swung to profit $586 million or 81 cents per diluted share compared to a loss of $159 million or 24 cents from the same quarter last year.

Lowe''s Companies, Inc (LOW), the home improvement retailer said net sales in the fourth-quarter ending on January jumped 7.5% to $12.54 billion from a year ago period.

Net income in the quarter soared 47% to $450 million or 46 cents per diluted share compared to $306 million or 29 cents from the same quarter last year.

TJX Companies Inc (TJX), the apparel and home fashions retailer stated sales in the fourth-quarter ending in January climbed 6% to $8.3 billion from a year ago period. Comparable store sales in the quarter jumped 4%.

Net income in the quarter surged 11.3% to $648 million or 93 cents per diluted share compared to $582.3 million or 81 cents from the same quarter last year.

Target Corporation (TGT), the discount store operator reported sales in the fourth-quarter ending in January jumped 4.1% to $21.8 billion from a year ago period. Comparable store sales in the quarter climbed 3.8%.

Net in the quarter swung to a loss of $2.64 billion or $4.10 per diluted share compared to profit of $520 million or 81 cents from 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