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Market Update

Blackhawk Network, Costco Jump; Interface, Mistras Group Decline


Author: Mukesh Buch
ticker.com
Last Update: 12:20 PM ET October 08 2014

12:15 PM New York Blackhawk Network net tumbled 75% despite 31% surge in revenues. Costco profit surged 13%. Interface tumbled after weak third-quarter outlook. Monsanto net loss narrowed. RPM Intl net dropped 4%. Yum! Brands net surged 166% but revenue slipped 3%.

Tollbooth Index fell 0.2% or 22.35 to 9,105.76.

Earnings Review

Blackhawk Network Holdings Inc (HAWK) climbed 6.6% or $2.08 to $33.66 after the prepaid credit card service provider said total revenue in the third-quarter ending on September 6 soared 30.6% to $269 million from a year ago period.

Net income in the quarter tumbled 75% to $0.6 million or 1 cent a diluted share compared to $2.4 million or 4 cents from a same quarter last year.

Costco Wholesale Corporation (COST) jumped 2% or $2.54 to $127.81 after the warehouse club operator reported net sales in the fourth-quarter ending in August climbed 9% to $34.75 billion from a year ago period.

Comparable store sales in the quarter jumped 6% and same store sales for five weeks ending on October 5 increased 4%.

Net income in the quarter surged 13% to $697 million or $1.58 a diluted share compared to $617 million or $1.40 from a same quarter last year.

Interface, Inc (TILE) tumbled 16.3% or $2.57 to $13.24 after the modular carpet maker forecasted revenue for the third-quarter between $250 million and $255 million and net between a loss of $0.7 million and income of $0.3 million.

Monsanto Company (MON) gained 1.5% or $1.67 to $109.53 after the agricultural products provider reported net sales in the fourth-quarter ending in August declined 19.5% to $2.63 billion from a year ago period.

Net loss in the quarter narrowed to $156 million or 31 cents a diluted share compared to $249 million or 47 cents from a same quarter last year.

Mistras Group Inc (MG) plunged 16.9% or $3.32 to $16.31 after the asset protection software provider stated revenue in the first-quarter ending in August surged 23% to $166.6 million from a year ago period.

Net income in the quarter plunged 69.6% to $1.7 million or 6 cents a diluted share compared to $5.6 million or 19 cents from a same quarter last year.

RPM International Inc (RPM) fell 32 cents to $43.69 after the paint and coatings maker said net sales in the first-quarter ending in August jumped 3.4% to $1.20 billion from a year ago period.

Net income in the quarter dropped 3.9% to $99.1 million or 73 cents a diluted share compared to $103.1 million or 77 cents from a same quarter last year.

Yum! Brands, Inc (YUM) increased 1.4% or $1.01 to $70.74 after the quick service restaurant operator reported total revenue in the third-quarter ending on September 6 slipped 3% to $3.35 billion from a year ago period.

Net income in the quarter surged 166% to $404 million or 89 cents a diluted share compared to $152 million or 33 cents from a 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