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DAILY EARNINGS

VF Corp, Virgin America Net Jump; Deere & Co Net Plummets


Author: Mukesh Buch
ticker.com
Last Update: 11:41 AM ET February 19 2016

12:00 PM New York Barnes Group fourth-quarter net plunged 23% to $24 million. Consolidated Edison fourth-quarter net jumped 117% to $176 million. Deere & Co first-quarter plummeted 34% to $254 million. VF Corp fourth-quarter net soared 156% to $312 million. Virgin America fourth-quarter net surged to $191 million.

Tollbooth Index fell 19.70 or 0.2% to 10,057.08.

Earnings Review

Barnes Group Inc (B), the industrial and aerospace service provider said revenue in the fourth-quarter ending in December slumped 7.5% from a year ago to $287 million.

Net income in the quarter plunged 22.6% to $24.4 million or 44 cents per diluted share compared to $31.5 million or 57 cents per share from the same quarter last year.

Brady Corp (BRC), the identification and safety products maker stated revenue in the second-quarter ending in January dropped 5% from a year ago to $268.6 million.

Net income in the quarter jumped 31.9% to $15.3 million or 30 cents per diluted share compared to $11.6 million or 23 cents per share from the same quarter last year.

The company lifted diluted earnings per share forecast in the year ending July 2016 in the range of $1.20 to $1.35.

CIRCOR International, Inc (CIR), the engineered products maker said revenue in the fourth-quarter ending in December plummeted 25% from a year ago to $164.2 million.

Net income in the quarter tumbled 21.7% to $7.2 million or 43 cents per diluted share compared to $9.2 million or 51 cents per share from the same quarter last year.

CST Brands Inc (CST), the gas stations operator stated revenue in the fourth-quarter ending in December plunged 21.8% from a year ago to $2.11 billion.

Net income in the quarter slumped 73.4% to $25 million or 34 cents per diluted share compared to $94 million or $1.21 per share from the same quarter last year.

Consolidated Edison, Inc (ED), the electric company reported revenue in the fourth-quarter ending in December declined 4.2% from a year ago to $2.71 billion.

Net income in the quarter jumped 117.3% to $176 million or 60 cents per diluted share compared to $81 million or 28 cents per share from the same quarter last year.

Deere & Company (DE), the agriculture and turf equipment maker stated total net sales in the first-quarter ending in January slumped 13% from a year ago to $5.53 billion.

Net income in the quarter plummeted 34.2% to $254.4 million or 80 cents per diluted share compared to $386.8 million or $1.12 per share from the same quarter last year.

Deere estimated worldwide sales of agriculture and turf equipment in the fiscal 2016 to decline 10% and industry sales in the EU28 region are estimated to flat to drop by 5% while worldwide sales of construction and forestry equipment are forecast to plunge approximately 11%.

Gentherm Inc (THRM), the thermal convenience products maker said revenue in the fourth-quarter ending in December increased 3.5% from a year ago to $212.3 million.

Net income in the quarter soared 43% to $28.4 million or 78 cents per diluted share compared to $19.8 million or 55 cents per share from the same quarter last year.

V.F. Corporation (VFC), the apparel, footwear and accessories maker reported revenue in the fourth-quarter ending in December fell 5% from a year ago to $3.41 billion.

Net income in the quarter advanced 156% to $312.2 million or 72 cents per diluted share compared to $122.1 million or 28 cents per share from the same quarter last year.

Virgin America Inc (VA), the airline company said revenue in the fourth-quarter ending in December jumped 5.2% from a year ago to $391.5 million.

Net income in the quarter surged to $190.9 million or $4.28 per diluted share compared to $3.87 million or 16 cents per share 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