10:00 AM New York – Ascena Retail second quarter net declined 7% and Glencore profit for the year tumbled 75% and merger date with Xstrata extended. Bank of Nova Scotia first quarter net climbed 12%. Xstrata profit for the year plunged 77% to $1.37 billion.
ABM Industries Incorporated
) slipped 12 cents to $22.62 after the business service provider reported revenues in the first quarter ending in January surged 10% to $1.18 billion from $1.07 billion in the same period of last year. Net income in the quarter jumped 26% to $13.4 million or 24 cents a diluted share compared to $10.6 million or 20 cents a share a year ago.
The company estimated income from continuing operations between $1.16 and $1.26 per diluted share.
Ascena Retail Group, Inc.
) surged 11.4% or $1.89 to $18.42 after the specialty retailer stated net sales in the second quarter ending on January 26 climbed 54% to $662.1 million from $477.3 million in the same period of last year. Comparable sales in the quarter increased 2%.
Net income in the quarter declined 7% to $47.2 million or 29 cents a diluted share compared to $63.7 million or 40 cents a share a year ago period.
The company reaffirmed adjusted earnings per diluted share from continuing operations for the fiscal year in the range of $1.20 to $1.30.
) increased 1% or 22 cents to $22.22 after the printing service provider stated net sales in the fourth quarter ending in December plunged 7% to $1.13 billion from $1.22 billion in the same period of last year. Net earnings in the quarter swung to $21 million or 39 cents a diluted share compared to net loss $6.9 million or 15 cents a share a year ago earlier.
The Bank of Nova Scotia
) gained 1.3% or 78 cents to $60.01 after the Canada based bank reported total revenue in the first quarter ending in January soared 12% to $5.18 billion from $4.62 billion in the same period of last year. Net income in the quarter climbed 12% to $1.50 billion or $1.25 a diluted share compared to $1.34 billion or $1.20 a share a year ago period.
The bank said total assets as on January 31 climbed 10% to $736 billion and due to lower prices, precious metals holdings decreased to $1 billion. Investment securities grew by $5 billion and loans increased 10% to $36 billion.
Total deposits increased $49 billion, personal deposits grew $30 billion and total liabilities were $693 billion as on January 31.