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DAILY EARNINGS

Ulta Salon Net Jumps, Big Lots Loss Widens


Author: Mukesh Buch
ticker.com
Last Update: 11:58 AM ET December 06 2013

10:45 AM New York American Eagle third-quarter net tumbled 68% to $24 million. Big Lots third-quarter net loss widened to $9.5 million. Cooper fourth-quarter net climbed 20% to $57 million. Finisar second-quarter net soared 11% to $30 million. Ulta Salon third-quarter net surged 19% to $45 million.

Earnings Review

American Eagle Outfitters, Inc (AEO), the specialty retailer reported total revenue in the third-quarter ending on November 2 dropped 6% to $857 million. Comparable store sales including AEO Direct slipped 5%.

Net income in the quarter tumbled 68.3% to $24.4 million or 66 cents a diluted share compared to $11.8 million or 35 cents.

Big Lots, Inc (BIG), the retailer said total revenues in the third-quarter ending on November 2 rose 1.6% to $1.15 billion. Comparable store sales in the quarter declined 2.5%.

Net loss in the quarter widened to $9.5 million or 17 cents a diluted share from $6 million or 10 cents a share in the quarter a year ago.

The Cooper Companies, Inc (COO), the maker of contact lenses and other eye-care products stated net sales in the fourth-quarter ending in October advanced 4% to $411.9 million. Net income in the quarter climbed 20% to $57.4 million or $1.15 a diluted share compared to $71.9 million or $1.46.

Ferrellgas Partners, L.P (FGP), the propane distributor said revenue in the first-quarter ending in October jumped 14% to $415 million.

Net loss in the quarter widened to $24.6 million or 31 cents a diluted share compared to $17.5 million or 22 cents.

Five Below, Inc (FIVE), the retailer stated net sales in the third-quarter ending on November 2 soared 27.9% to $110.7 million. Comparable store sales climbed 9%.

Net income in the quarter plunged 34% to $1.7 million or 3 cents a diluted share compared to $0.71 million or 1 cent.

For the fourth quarter, the retailer expects net sales in the range of $214 million to $217 million and comparable store sales to increase 4%.

In the period, net income expected between $25.9 million and $27 million and diluted earnings per share in the range of 48 cents to 50 cents.

For the year, net sales are expected between $538 million and $541 million and comparable store sales to grow 5%. Net income expected in the range of $33.2 million to $34.3 million and diluted earnings per share of 62 cents to 64 cents.

Finisar Corporation (FNSR), the communication company reported revenues in the second-quarter ending on October 27 jumped 25% to $290.7 million. Net income in the quarter soared 11% to $30 million or 29 cents a diluted share compared to $0.27 million or a break even share.

Genesco Inc (GCO), the footwear and apparel retailer and wholesaler reported net sales in the third-quarter ending on November 2 rose 0.3% to $666.3 million. Comparable store sales fell 1%.

Net earnings in the quarter plunged 34% to $27.8 million or $1.18 a diluted share compared to $42.1 million or $1.76.

Genesco expect adjusted diluted earnings per share for the year in the range of $5.10 to $5.20.

Ulta Salon, Cosmetics & Fragrance, Inc (ULTA), the beauty products retailer reported net sales in the third-quarter ending on November 2 soared 22.4% to $618.8 million. Comparable store sales climbed 6.8%.

Net earnings in the quarter surged 19.1% to $45.4 million or 70 cents a diluted share compared to $38.2 million or 59 cents.

Veeva Systems Inc. (VEEV), the cloud service provider said total revenues in the third-quarter ending in October surged 54% to $55 million. Net income in the quarter climbed 13% to $6.5 million or 5 cents a diluted share compared to $5.7 million or 3 cents in the quarter a year ago.
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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