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DAILY EARNINGS

Walgreen Net Jumps, Barnes & Noble Net Loss Widens


Author: Mukesh Buch
ticker.com
Last Update: 10:15 AM ET June 25 2013

10:45 AM New York Barnes & Noble fourth quarter net loss to $118.6 million. Carnival third quarter net soared 193% to $41 billion. Ennis first quarter net surged 118%. Lennar second quarter net tumbled 70% to $137.4 million. Walgreen third quarter net jumped 16% to $624 million.

Earnings Review

Barnes & Noble, Inc. (BKS), after bookseller reported consolidated revenue in the fourth quarter ending on April 27 declined 7% to $1.3 billion. Net loss in the quarter widened to $118.6 million or $2.11 a diluted share compared to $56.9 million or $1.06.

Carnival Corporation (CCL), the cruise operator said net sales in the third quarter ending in May were flat at $3.5 billion. Net income in the quarter soared 193% to $41 billion or 5 cents a diluted share compared to $14 million or 2 cents.

The company added operating income plunged 40% to $152 million.

Ennis, Inc. (EBF), the printing service provider stated net sales in the first quarter ending in May declined 3% to $138.5 million. Net earnings in the quarter surged 118% to $8.5 million or 33 cents a diluted share compared to $3.9 million or 15 cents.

The company added gross profit climbed 27% to $35.8 million and operating income jumped 119% to $13.6 million.

Lennar Corporation (LEN), the homebuilder reported net sales in the second quarter ending in May surged 53% to $1.4 billion. Net earnings in the quarter tumbled 70% to $137.4 million or 61 cents a diluted share compared to $452.7 million or $2.06.

Sonic Corp (SONC), the drive-in restaurant chain said total revenue in the third quarter ending in May decreased 2% to $146.6 million. System-wide same-store sales increased 0.1%.

Net income in the quarter increased 3% to $14.8 million or 26 cents a diluted share compared to $14.4 million or 24 cents.

Walgreen Company (WAG), the drugstore operator reported net sales in the third quarter ending in May increased 3% to $18.3 billion. Comparable stores sales for the quarter increased 1.4%.

Net earnings in the quarter jumped 16% to $624 million or 65 cents a diluted share compared to $537 million or 62 cents.

Gross profit in the quarter increased 4% to $5.2 billion and operating income climbed 14% to $991 million.
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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