12:00 PM New York – International Speedway net swung to profit. Park Electrochemical profit and revenues fell. Village Super Market net soared 22% and revenues jumped. Wal-Mart holds to increase investment in online service and retailer estimated flat earnings. Yum! Brands net surged 48%.
Tollbooth Index edged up 1.84 to 10,893.16.
International Speedway Corp
) plunged 5% or $1.70 to $32 after the motorsports activities organiser said revenues in the third-quarter ending in August advanced 2.8% from a year ago to $129 million.
Net in the quarter swung to profit $2.2 million or 5 cents per diluted share compared to the loss of $4 million or 8 cents per share from the same quarter last year.
ISC forecasted revenues in the year between $658 million to $665 million and operating profit in the range of $211 million to $217 million while diluted earnings per share between $1.45 and $1.55.
Park Electrochemical Corp
) tumbled 11.1% or $1.97 to $15.75 after the integrated circuits maker stated revenues in the second-quarter ending on August 28 declined 23.2% from a year ago to $29.1 million.
Net income in the quarter plummeted 56.7% to $1.98 million or 10 cents per diluted share compared to the $4.57 million or 23 cents per share from the same quarter last year.
Resources Connection, Inc
) declined 10.4% or $1.55 to $13.41 after the multinational consulting firm said revenues in the first-quarter ending on August 27 dropped 3.3% from a year ago to $143.4 million.
Net income in the quarter plunged 21.1% to $5.6 million or 15 cents per diluted share compared to the $7.1 million or 19 cents per share from the same quarter last year.
Village Super Market, Inc
) fell 27 cents to $31.53 after the supermarkets and convenience stores operator stated sales in the fourth-quarter ending in August jumped 7.8% from a year ago to $437.3 million.
Net income in the quarter soared 21.7% to $8.4 million or 60 cents per diluted share compared to $6.9 million or 49 cents per share from the same quarter last year.
Wal-Mart Stores, Inc
) dropped 2.9% or $2.11 to $69.56 after the supermarkets operator reaffirmed fiscal 2017 earnings per share between $4.29 and $4.49 and flat fiscal 2018 earnings per share relatively flat and 5% increase in fiscal 2019.
Wal-Mart said its remains on track to generate approximately $80 billion in operating cash flow from fiscal year 2017 through 2019 and plans for capital expenditure in fiscal 2018 of about $11 billion.
The retailer said it will open slightly fewer stores than originally planned and plans for more investment in the digital and technology.
Yum! Brands, Inc
) slipped 1.8% or $1.55 to $87.07 after the quick service restaurant operator reported total revenues in the third-quarter ending on September 3 fell 3% from a year ago to $3.32 billion.
Same store sales in the quarter increased 1% and worldwide system sales jumped 4%.
KFC Division same-store sales increased 4% and U.S. same-store sales advanced 6% while system sales surged 7%.
Same-store sales in Taco Bell segment rose 3% and system sales jumped 5%, while restaurant margin were 21.7%. Core operating profit in China locations surged 14%.
Net income in the quarter surged 48% to $622 million or $1.56 per diluted share compared to $421 million or 95 cents per share from the same quarter last year.