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DAILY EARNINGS

Target, Lowe’s Net Jump; Agilent, Autodesk Net Tumbles


Author: Mukesh Buch
ticker.com
Last Update: 12:38 PM ET May 20 2015

12:30 AM New York – American Eagle first-quarter net surged more than six-fold to $29 million. Analog Devices second-quarter net climbed 10% to $205 million. Hormel Foods second-quarter net climbed 29% to $180 million. Target first-quarter net surged 52% to $635 million. Lowe’s first-quarter net advanced 8% to $673 million.

Tollbooth Index slipped 0.2% or 21.88 to 10,792.67.

Earnings Review

American Eagle Outfitters (AEO), the specialty retailer said total revenues in the first-quarter ending on May 2 jumped 8% to $699.5 million from a year ago period.

Comparable store sales in the quarter gained 7%.

Net earnings in the quarter surged more than six-fold to $29.1 million or 15 cents per diluted share compared to $3.9 million or 2 cents from the same quarter last year.

Analog Devices, Inc (ADI), the integrated circuits maker reported revenues in the second-quarter ending on May 2 soared 18.2% to $821 million from a year ago period.

Net income in the quarter climbed 9.5% to $205.3 million or 65 cents per diluted share compared to $187.4 million or 57 cents from the same quarter last year.

Autodesk, Inc (ADSK), the engineering software developer said total revenues in the first-quarter ending in April climbed 9.1% to $646.5 million from a year ago period.

Net income in the quarter tumbled 32.5% to $19.1 million or 8 cents per diluted share compared to $28.3 million or 12 cents from the same quarter last year.

Hormel Foods Corporation (HRL), the food products maker reported sales in the second-quarter ending on April 26 increased 2% to $2.3 billion from a year ago period.

Net earnings in the quarter climbed 29% to $180.2 million or 67 cents per diluted share compared to $140.1 million or 52 cents from the same quarter last year.

Heico Corporation (HEI), the aircraft component maker said revenues in the second-quarter ending in April jumped 3.3% to $291.4 million from a year ago period.

Net income in the quarter jumped 16.5% to $33.1 million or 49 cents per diluted share compared to $28.4 million or 42 cents from the same quarter last year.

Target Corporation (TGT), the after the specialty retailer stated net sales in the first-quarter ending on May 2 rose 2.8% to $17.1 billion from a year ago period.

Comparable store sales in the quarter increased 2.3%.

Net earnings in the quarter surged 51.6% to $635 million or 98 cents per diluted share compared to $418 million or 66 cents from the same quarter last year.

The company estimated second quarter 2015 adjusted earnings per share between $1.04 and $1.14, compared to $1.01 in second quarter 2014.

The retailer lifted adjusted earnings per share forecast for the year to between $4.50 and $4.65 compared to prior guidance range of $4.45 to $4.65.

Lowe’s Companies, Inc (LOW), the home improvement retailer said net sales in the first-quarter ending on May 1 jumped 5.4% to $14.1 billion from a year ago period.

Comparable store sales in the quarter rose 5.2%.

Net earnings in the quarter advanced 7.8% to $673 million or 70 cents per diluted share compared to $624 million or 61 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