12:05 PM New York – Ciena net loss widened after revenues barely rose 1%. Danaher reaffirmed fiscal outlook. Lululemon revenues rose 9% but net dropped by the same amount. Lowe''s jumped on positive outlook. Methode Electronics net surged 31%. Yum! Brand profit guidance.
Tollbooth Index jumped 1.6% or 161.19 to 9,996.14.
) surged 9.6% or $1.64 to $18.59 after the communications networking equipment provider reported revenues in the fourth-quarter ending in October increased 1.3% to $591 million from a year ago period.
Net loss in the quarter widened to $30.7 million or 29 cents a diluted share compared to $9.80 million or 9 cents from a same quarter last year.
) gained 1.8% or $1.46 to $84.60 after the medical, industrial and commercial products maker forecasted diluted net earnings per share in the forth-quarter between $1 and $1.04
The company forecasted adjusted diluted net earnings per share for the fiscal 2015 in the range between $4.35 and $4.45.
Lululemon Athletica inc
) surged 8.6% or $4.14 to $50.84 after the sports and yoga apparel and accessory maker reported net revenues in the third-quarter ending on November 2 climbed 10% to $419.4 million from a year ago period. Comparable store sales for the quarter increased 3%.
Net income in the quarter dropped 8.5% to $60.5 million or 42 cents a diluted share compared to $66.1 million or 45 cents from a same quarter last year.
For the fourth quarter, the company expected net revenue in the range of $570 million to $585 million and diluted earnings per share to be between 64 cents and 69 cents.
Lowe''s Companies, Inc
) jumped 2.4% or $158 to $66.73 after the home improvement retailer estimated total sales for the year to climb between 4.5% and 5% and comparable sales to jump between 3.5% and 4%.
Methode Electronics Inc
) declined 4.8% or $1.99 to $39.61 after the networking equipment maker said net sales in the second-quarter ending on November 1 soared 20.3% to $229.7 million from a year ago period.
Net income in the quarter surged 31.3% to $26 million or 66 cents a diluted share compared to $19.8 million or 51 cents from a same quarter last year.
Yum! Brands, Inc
) climbed 2.8% or $1.99 to $72.53 after the fast food restaurant operator forecasted earnings per share growth for the year in mid-single-digit compared to its prior forecast of between 6% and 10%.
For the fiscal 2015, the company expected earnings per share growth of about 10%.