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

Ulta Salon Net Surges, Carnival Net Swings to Profit


Author: Mukesh Buch
ticker.com
Last Update: 11:58 AM ET March 15 2013

10:45 AM New York Aeropostale fourth quarter net swung to loss. Carnival first quarter net swung to $37 million profit. Hibbett Sports fourth quarter net climbed 22% to $19.4 million. Nortek fourth quarter net loss widened to $12.5 million. Ulta Salon fourth quarter net climbed 39% to $64.5 million.

Earnings Review

Aeropostale, Inc. (ARO), the specialty retailer reported net sales in the fourth quarter ending on February 2 decreased 1% to $797.7 million from the same period of last year. The company comparable sales in the quarter declined 8%.

In the quarter net loss swung to $0.7 million or 1 cent a diluted share compared to net income of $26.1 million or 32 cents a share a year ago period.

For the first quarter, Aeropostale expects a loss per diluted share in the range of 15 cents to 20 cents.

Brown Shoe Company, Inc. (BWS), the footwear retailer said sales in the fourth quarter ending in December grew 2% to $640.2 million from the same period of last year. Net earnings in the quarter swung 126% to $4 million or 9 cents a diluted share compared to net loss of $8.2 million or 21 cents a share a year ago earlier.

Bonanza Creek Energy, Inc (BCEI), the oil and gas stated sales in the fourth quarter ending in December surged 110% to $73.6 million from the same period of last year. In the quarter, net income swung to $13 million or 32 cents a diluted share compared to net loss of $0.18 million or 1 cent a share a year ago period.

Carnival Corporation (CCL), the cruise company reported total revenues in the first quarter ending in February nearly flat to $3.59 billion from the same period of last year. Net income in the quarter swung to $37 million or 5 cents a diluted share compared to net loss of $139 million or 18 cents a share a year ago.

The Carnival forecasts full year non-GAAP diluted earnings per share to be in the range of $1.80 to $2.10.

Hibbett Sports, Inc (HIBB), the sporting goods retailer reported net sales in the fourth quarter ending on February 2 surged 14% to $217.4 million from the same period of last year. The comparable sales in the quarter increased 4.9%.

Net income in the quarter climbed 22% to $19.4 million or 73 cents a diluted share compared to $15.8 million or 59 cents a share a year ago.

For the year, the sporting goods retailer expects diluted earnings per share between $2.85 and $3.05 and an increase in comparable store sales in the low to mid-single digit range.

Nortek, Inc. (NTK), the heating appliances maker said net sales in the fourth quarter ending in December dropped 6% to $505.4 million from the same period of last year. Net loss in the quarter widened to $12.5 million or 82 cents a diluted share compared to $0.8 million or 5 cents a share a year ago period.

Ulta Salon, Cosmetics & Fragrance, Inc. (ULTA), the beauty products retailer reported net sales in the fourth quarter ending on February 2 jumped 30% to $758.8 million from the same period of last year. The comparable sales in the quarter surged 8%.

Net income in the quarter climbed 39% to $64.5 million or $1 a diluted share compared to $46.1 million or 73 cents a share a year ago.

For the first quarter, the retailer expects net sales in the range of $568 million to $577 million and income per diluted share between 60 cents to 63 cents.
  1
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites. Market data: BATS Exchange. Inc