10:45 AM New York City, New York – Brady Corp soared on strong result and upbeat outlook. Fred''s tumbled after net loss widened as sales declined. Kroger Co beat earnings estimates after profit surged 44%. Palatin Technologies net swung to profit. Pivotal Software tumbled despite upbeat outlook.
Tollbooth Index jumped 129.47 or 0.8% to 16,503.03 but for the year-to-date soared 19.9%.
) soared 5.9% or $2.45 to $44 after the identifying components maker said revenues in the fourth-quarter ending in July advanced 2.9% from a year ago to $297.5 million.
Net income in the quarter surged 38.5% to $34.9 million or 66 cents per diluted share from $25.2 million or 48 cents in the same quarter last year.
Brady Corp forecasted fiscal 2019 sales growth in the range of 2% to 4% and diluted earnings per share in the range of $2.15 to $2.25.
) tumbled 21.1% or 53 cents to $2.13 after the household goods, consumables and pharmaceuticals retailer said net sales in the second-quarter ending on August 4 dropped 4.3% from a year ago to $419.7 million.
Comparable store sales in the quarter declined 3.5%.
Net loss in the quarter widened to $32.3 million or 62 cents per diluted share from $29.5 million or 77 cents in the same quarter last year.
) declined 9.4% or $2.99 to $28.74 after the grocery retailer reported total sales in the second-quarter ending on August 18 rose 1% from a year ago to $27.9 billion.
Same store sales, excluding fuel in the quarter increased 1.6%.
Net income in the quarter surged 43.9% to $508 million or 62 cents per diluted share from $353 million or 39 cents in the same quarter last year.
The retailer forecasted fiscal 2018 sales growth between 2% and 2.5% but lifted diluted earnings per share in the range of $3.88 to $4.03 from the earlier estimate of $3.64 to $3.79.
Palatin Technologies Inc
) edges up 0.1 cent to $1.04 after the biopharma products maker said revenues in the year ending in June surged 50.1% from a year ago to $67.1 million.
Net in the year swung to profit $24.7 million or 12 cents per diluted share from a loss of $13.3 million or 7 cents in the same quarter last year.
Palatin said current capital resource is sufficient to fund for the planned operations to at least September 30, 2019.
Pivotal Software Inc
) tumbled 18.3% or $5.26 to $23.52 after the unleash software developer reported total revenues in the second-quarter ending on August 3 soared 30% from a year ago to $164.4 million.
Net loss in the quarter widened to $35.6 million or 14 cents per diluted share from $35.4 million or 52 cents in the same quarter last year.
The software developer forecasted fiscal 2019 total revenues in the range of $647 million to $653 million and subscription revenue between $386.5 million and $390.5 million and net loss per share in the range of 36 cents to 34 cents.