SITE SEARCH | NEWS | EARNINGS | CALENDARS | MUTUAL FUNDS
Sector Tables: Energy - Retail - Utilities - REIT - Banks - Brokerage - ETFs | Oil Data
Login | Subscribe to Ticker
Market Update : 
D.R. Horton Surges on Revenue
Author: Elena Todorova
123jump.com
Last Update: 10:07 AM EST November 16 2005


(Continued)

Email article | Print article

Asian-Pacific markets gained ground to close higher, led by the Kospi, rising 1.1% and the Nikkei, up 0.6% hitting a new four-year high of 14,170,087. European stocks traded lower on weaker U.S. stock markets, resource stocks and earnings news. Homebuilder D.R. Horton reported that Q4 net income rose 61% to $1.77 compared with last year’s result on 45% increase in revenue, beating analyst estimate of $1.63 a share.

 
D.R. Horton (DHI: chart), homebuilder, reported that Q4 net income rose 61% to $1.77 compared with last year’s result on 45% increase in revenue, beating analyst estimate of $1.63 a share. The company added that fiscal year 2006 earnings should be in a range of $5.22 to $5.32 a share on revenue of more than $15.5 billion, but kept its earnings forecast for the first quarter unchanged at between 90 cents and 95 cents a share.

Big Lots, Inc. (BLI: chart), retailer of closeout merchandise, posted Q3 net loss of 17cents per share, up from a net loss of 29 cents per share in the year-ago period. Net sales for Q3, increased 6.2% Comparable store sales increased 1.7% for Q3 consisting of a 5.0% increase in the value of the average basket and a 3.3% decrease in customer transactions. On a year to date basis, net sales rose 6.6%. Comparable store sales increased 1.5% for the year to date period with the value of the average basket increasing 4.4% and the number of customer transactions declining2.9%.

Zale Corp. (ZLC: chart), jewelry retailer, posted Q1 loss of 47 cents a share, down from a loss of 21 cents a share in the year-ago period, despite 1.2% revenue growth, missing analysts’ forecasts of a loss of 35 cents a share The latest results include a charge of 10 cents a share, related to the closing of about 30 of the company''s Bailey Banks & Biddle locations. If not for this charge the company lost 36 cents a share. Same-store sales shed 1.2%. The company declared that its performance was hurt by its efforts to reposition the Zales brand.

The Talbots Inc (TLB: chart), specialty apparel retailer, posted Q3 earnings of 37 cents a share, down from profit of 49 cents a share in the same period last year, beating analyst estimate by a penny. The year-ago results include a tax benefit of or 8 cents a share. Sales increased 3% in Q3. Same-store sales dropped 2% in the period.

Helmerich & Payne Inc.(HP: chart), oil and gas company, posted Q4 earnings of 68 cents a share, up from a loss of 25 cents a share in the same period a year ago on revenue growth, missing analyst estimate of 71 cents a share. The latest results include a gain of a penny a share on the sale of certain securities, while the year-ago performance reflects an asset impairment charge of 63 cents a share, and a gain of 16 cents a share from securities sales.
Back More: Market Update Archive

 

 
About Us | Contact Us | Privacy Policy | Disclaimer

©1999-2008 123jump.com. All rights reserved