11:05 AM New York – The Cooper Companies second quarter sales and profit climbed. Quiksilver net loss widened as revenue dropped. Thor Industries surged after third quarter sales and net jumped. TiVo settled its patent litigations. Vail Resorts third quarter net soared 23%.
The Cooper Companies, Inc
) climbed 5% or $5.74 to $118.87 after the medical products company reported revenues in the second quarter ending in April jumped 11% to $384 million. Net income in the quarter surged 38% to $75.5 million or $1.52 a diluted share compared to $54.9 million or $1.12.
The company added in the quarter gross profit climbed 15% to $254.2 million and operating profit plunged 25% to $81.5 million.
For the year, the company expects diluted earnings per share in the range of $6.42 to $6.52.
Quanex Building Products Corporation
) fell 8 cents to $18.54 after the engineered and aluminum sheet products said revenues in the second quarter ending in April surged 20% to $232.5 billion. Net loss in the quarter narrowed to $7.3 million or 20 cents a diluted share compared to $12.3 million or 34 cents.
) plunged 12.9% or 99 cents to $6.70 after the diversified company stated net revenues in the second quarter ending in April declined 5% to $459 million. Net loss in the quarter widened to $32 million or 19 cents a diluted share compared to $5 million or 3 cents.
) gained 10 cents to $15.06 after the three dimensional technologies developer said total revenues in the fourth quarter ending in March slipped 9% to $45.4 million. In the quarter net swung to a loss $4.3 million or 9 cents a diluted share compared to $5.5 million or 10 cents.
Sears Hometown and Outlet Stores, Inc
) slipped 43 cents to $52.07 after the retailer said net sales in the first quarter ending on May 4 decreased 3% to $601 million. Comparable store sales declined to 5%.
Net income in the quarter slumped 27% to $15 million or 65 cents a diluted share compared to $20.6 million or 89 cents.
Thor Industries, Inc.
) surged 11.9% or $4.91 to $46.15 after the recreation vehicles manufacturer reported revenues in the third quarter ending in April climbed 13% to $1.05 billion. Net income in the quarter advanced 6% to $43.8 million or 82 cents a diluted share compared to $41.3 million or 78 cents.
In the quarter, total RV sales advanced 15% to $929.8 million and motorized RV sales soared 48% to $187.3 million and bus segment sales were slightly up to $119.4 million.
) tumbled 17.3% or $2.38 to $11.33 after the online TV guide provider settled its pending patent litigation with Motorola, Cisco and Time Warner Cable.
TiVo agreed in certain patent license arrangements with Arris, Cisco, and Google and as a part of, Google and Cisco will pay lump-sum payment of $490 million, bringing the total from use of certain TiVo intellectual property to roughly $1.6 billion.
Vail Resorts, Inc.
) gained 1.6% or $1.04 to $63.20 after the ski resort operator stated total revenues in the third quarter ending in April jumped 12% to $469.7 million. Net income in the quarter soared 23% to $97.6 million or $2.66 a diluted share compared to $79.6 million or $2.17.