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Market Update

Cisco and Wal-Mart Disappoint on Revenue; Noodles Plunges


Author: Mukesh Buch
ticker.com
Last Update: 2:50 PM ET August 14 2014

12:15 PM New York Ė Advance Auto Parts net soared 19%. Cisco net fell 1%. NetApp net jumped 8% but revenue fell 2%. Kohlís profit slid after sales dropped. Noodles tumbled despite net and sales climbed. Wal-Mart net edged up 0.6%.

Tollbooth Index edged up 0.08% or 7.86 to 9,339.20.

Earnings Review

Advance Auto Parts, Inc. (AAP) soared 5.8% or $7.13 to $130.06 after the specialty retailer stated total revenues in the second-quarter ending on July 12 surged 52% to $2.35 billion from a year ago period.

Net income in the quarter soared 19% to $139 million or $1.89 a diluted share compared to $117 million or $1.59 from a same quarter last year.

Cisco Systems, Inc. (CSCO) dropped 2.4% or 61 cents to $24.59 after the network equipment maker said total revenues in the fourth-quarter ending in June were flat at $12.4 billion from a year ago period.

Net income in the quarter fell 1% to $2.2 billion or 43 cents a diluted share compared to $2.3 billion or 42 cents from a same quarter last year.

NetApp, Inc. (NTAP) climbed 3.9% or $1.53 to $40.83 after the data management solutions provider reported net revenues in the first-quarter ending on July 25 fell 2% to $1.49 billion from a year ago period.

Net income in the quarter jumped 8% to $88 million or 27 cents a diluted share compared to $83 million or 23 cents from a same quarter last year.

Kohlís Corporation (KSS) jumped 3.3% or $1.84 to $56.95 after the department store operator said sales in the second-quarter ending in June decreased 1.1% to $4.24 billion from a year ago period. Comparable store sales in the quarter slipped 1.3%.

Net income in the quarter slid 0.4% to $232 million or $1.13 a diluted share compared to $231 million or $1.04 from a same quarter last year.

Noodles & Company (NDLS) tumbled 21.3% or $5.38 to $19.83 after the casual restaurant operator said total revenue in the second-quarter ending on July 1 climbed 11.5% to $99.5 million from a year ago period.

Comparable restaurant sales decreased 0.6% and 1.2% for franchise restaurants and 0.7% system-wide.

Net income in the quarter advanced 8% to $3.5 million or 11 cents a diluted share compared to $0.1 million or break even from a same quarter last year.

Wal-Mart Stores, Inc. (WMT) slid 1 cent to $74.02 after the retail stores stated net sales in the second-quarter ending in June increased 2.8% to $120 billion from a year ago period. Comparable store sales in the quarter were flat.

Net income in the quarter increased 0.6% to $4.09 billion or $1.26 a diluted share compared to $4.07 billion or $1.24 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