11:00 AM New York – BlackBerry net swung to profit but revenues tumbled. Bed Bath & Beyond lowered earnings outlook. Cintas profit slumped 9% while revenues soared 9%. Finish Line net fell. Jabil Circuit revenues jumped 15%. Nike profit surged 23%.
Tollbooth Index increased 39.05 or 0.4% to 10,350.62.
) plunged 4.7% or 33 cents to $6.70 after the Canada-based mobile devices maker reported revenues in the second-quarter ending on August 29 plunged 46.5% from a year ago to $490 million.
Net in the quarter swung to profit $51 million but a loss of 24 cents per diluted share compared to a loss of $207 million or 39 cents from the same quarter last year.
Cash flow in the quarter was $100 million and cash balance at the end of the quarter increased $37 million to $3.35 billion.
The company also announced a plan to introduce launch a handheld device that will run on Android operating system with BlackBerry security.
Bed Bath & Beyond Inc
) jumped 3.6% or $2.14 to $61.47 after the home furnishings retailer reported net sales in the second-quarter ending on August 29 rose 1.7% from a year ago to $3 billion.
Comparable store sales in the quarter increased 1.1%.
Net income in the quarter declined 10% to $201.7 million or $1.21 per diluted share compared to $224 million or $1.17 from the same quarter last year.
For the third-quarter, the company forecasted diluted earnings per share between $1.14 and $1.21, compared to $1.23 in the same prior a year ago and comparable sales to increase between 1% and 3% for the third and fourth quarters of fiscal 2015.
) jumped 3.2% or $2.74 to $88.89 after the uniforms and business services provider stated revenues in the first-quarter ending in August soared 8.8% from a year ago to $1.20 billion.
Net income in the quarter slumped 9% to $100.2 million or 88 cents per diluted share compared to $110.1 million or 93 cents from the same quarter last year.
CTC Media, Inc
) increased 1.6% or 3 cents to $1.92 after the Russia-focused Russian free-to-air television channels operator agreed to sell its 75% stake in UTV-Management LLC of UTH Russia, privately held commercial television broadcaster in Russia for about $200 million in cash.
The transaction is expected to close by the end of December.
The Finish Line Inc
) tumbled 16.7% or $4.14 to $20.63 after the athletic shoes and accessories retailer said revenues in the second-quarter ending on August 29 jumped 3.5% from a year ago to $483.2 million.
Finish Line comparable store sales in the quarter increased 1.5%.
Net income in the quarter fell 1.1% to $25.9 million or 57 cents per diluted share compared to $26.2 million or 54 cents from the same quarter last year.
Elbit Systems Ltd
) rose 11 cents to $73.20 after the Israel-based defense, homeland security services provider won a contract to supply intelligence integrated systems, for homeland security applications for about $70 million.
Jabil Circuit, Inc
) surged 17.2% or $3.36 to $22.86 after the electronic chip maker reported revenues in the fourth-quarter ending in August jumped 14.6% from a year ago to $4.68 billion.
Net in the quarter swung to profit $87.7 million or 45 cents per diluted share compared to a loss of $26.2 million or 13 cents from the same quarter last year.
The company forecasted revenues for the fiscal first-quarter between $5.1 billion and $5.3 billion and earnings per share in the range of 72 cents to 88 cents.
For the year, the company revenues of about $20 billion and earnings per share of about $2.60.
Lockheed Martin Corporation
) slid 5 cents to $204.71 after the defense contractor said that the regulatory and government agencies approved its $9 billion takeover of Black Hawk helicopter maker Sikorsky Aircraft from United Technologies Corp.