12:10 PM New York – Advanced Drainage Systems net soared 52% but revenues fell. Delta Air Lines net plunged 37%. Intuitive Surgical lifted revenue forecast. KB Home net declined 15% while sales surged 21%. Shaw Communications net tumbled 59.2% and reaffirmed operating outlook.
Tollbooth Index slipped 79.58 or 0.7% to 11,267.98.
Advanced Drainage Systems Inc
) fell 15 cents to $22.50 after the plumbing fixtures maker said net sales in the second-quarter ending in September slumped 6% from a year ago to $360.8 million.
Net income in the quarter soared 52% to $20.9 million or 38 cents per diluted share compared to the $10.7 million or 19 cents per share in the same quarter last year.
In fiscal 2017, the plumbing material maker forecasted sales in the range of $1.23 billion to $1.25 billion and operating profit between $190 million and $210 million.
Delta Air Lines, Inc
) dropped 2.4% or $1.24 to $50.20 after the international airline operator reported revenues in the fourth-quarter ending in December fell 0.5% from a year ago to $9.5 billion.
Net income in the quarter plunged 37% to $622 million or 84 cents per diluted share compared to the $980 million or $1.25 per share in the same quarter last year.
Intuitive Surgical Inc
) slipped 1.4% or $9.23 to $668.93 after the surgical equipment maker forecasted revenue in the fourth-quarter to soar 12% to $757 million compared to the reported $677 million in the same period a year ago.
In the year, the medical devices maker estimated revenue to jump 13% to $2.7 billion from $2.4 billion reported in a year ago.
The company is scheduled to report results on January 24.
) plunged 5.4% or 90 cents to $15.70 after the home builder said revenues in the fourth-quarter ending in November jumped 21% from a year ago to $1.2 billion.
Net income in the quarter declined 15% to $37.5 million or 40 cents per diluted share compared to the $44 million or 43 cents per share in the same quarter last year.
Shaw Communications Inc
) slumped 2.4% or 51 cents to $20.87 after the Canada-based diversified network services provider stated revenues in the first-quarter ending in November soared 14.9% from a year ago to $1.3 billion.
Net income in the quarter tumbled 59.2% to $89 million or 18 cents per diluted share compared to the $218 million or 43 cents per share in the same quarter last year.
Shaw reaffirmed operating income in fiscal 2017 between $2.13 billion and $2.18 billion and free cash flow to exceed $400 million.