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Earnings Roundup For May 26

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H.J. Heinz Co (NYSE: HNZ) reported its fourth-quarter profit at $223.9 million, or $0.70 per share, up from $192.4 million, or $0.61 per share, in the year-earlier period. Its income from continuing operations climbed to $0.69 per share from $0.60 per share. Breaking out closing costs of $0.02 per share, the company's income from continuing operations came in at $0.71 per share. Its sales rose 6% to $2.89 billion. However, analysts were expecting earnings of $0.72 per share on revenue of $2.87 billion. Heinz projects 2012 earnings of $3.29 to $3.39 per share, excluding items, versus analysts' estimates of $3.33 per share. Heinz also raised its annualized common stock dividend by 6.7% to $1.92 per share.

Tiffany & Co (NYSE: TIF) reported its first-quarter earnings at $81.1 million, or $0.63 per share, up from $64.4 million, or $0.50 per share, in the year-earlier period. Its adjusted earnings surged to $0.67 per share, from $0.48 per share. Tiffany's sales climbed 20% to $761 million. However, analysts were expecting earnings of $0.57 per share on revenue of $702.6 million. Tiffany projects 2011 earnings of $3.45 to $3.55 per share, excluding nonrecurring expenses. However, analysts expected earnings of $3.31 per share.

Patterson Companies Inc (NASDAQ: PDCO) reported a 1.5% rise in its fiscal fourth-quarter profit on Thursday. Patterson reported its quarterly profit at $62.7 million, or $0.53 per share, up from $61.8 million, or $0.52 per share, in the year-earlier period. Its revenue increased 8.7% to $883.8 million. However, analysts were expecting earnings of $0.51 per share on revenue of $845 million. Its gross margin dropped to 34.4% from 35.4%. For the current fiscal year, Patterson projects a profit of $1.90 to $2 per share, including an estimated $0.12 per share impact of non-cash expense related to its Employee Stock Ownership Plan. However, analysts expected a profit of $2.08 per share.

Big Lots Inc (NYSE: BIG) reported a 6% decline in its fiscal first-quarter profit and lowered its earnings guidance for the year on Thursday. Big Lots reported its quarterly profit at $52.5 million, down from $55.9 million, in the year-earlier period. Its sales dropped 0.6% to $1.23 billion. The retailer's earnings per share rose to $0.70 from $0.68. However, analysts were expecting earnings of $0.69 per share on sales of $1.22 billion. Big Lots projects FQ2 earnings from continuing operations between $0.38 and $0.48 per share. The retailer also lowered its earnings forecast from continuing operations for the year to a range of $2.75 to $2.90 per share, versus a range of $3.05 to $3.15 per share. However, analysts expected earnings of $0.53 per share for the second quarter and $3.03 per share for the year.

Sony Corp (NYSE: SNE) released its results for the fiscal fourth quarter and the full year. For the full business year, Sony posted a net loss of Y259.59 billion ($3.2 billion), wider than a loss of Y40.80 billion, in the year-earlier period. Its revenue dropped 0.5% to Y7.181 trillion from Y7.214 trillion. However, its operating profit surged more than six-fold to Y199.82 billion. Sony posted a net loss of Y388.80 billion, wider than a loss of Y56.57 billion, in the year-earlier period. Sony reported an operating loss of Y73.37 billion, versus a loss of Y56.04 billion, in the year-earlier period. Its revenue dropped 7.8% to Y1.581 trillion from Y1.715 trillion. For the current fiscal year, Sony projects to post a net profit of Y80 billion ($975.6 million), and projects to post an operating profit of Y200 billion on revenue of Y7.500 trillion.

Man Group PLC (OTC: MNGPY) reported a 53% decline in its fiscal 2011 net profit on Thursday. Man Group's net profit fell to $211 million. The group's revenue surged 23% to $1.66 billion and funds under management came in at $69.1 billion at the end of the fiscal year, versus $39.4 billion, 12 months earlier. Man Group's statutory profit before tax came in at $324 million, up from the earlier estimate of $280 million. Excluding restructuring charges, impairments and other one-offs, the group's pretax profit increased 7% to $599 million.

Burberry Group PLC (OTC: BURBY) reported a 27% rise in its revenue for the year ended March 31 on Thursday. Burberry Group reported its preliminary net attributable profit at 208.4 million pounds ($340 million), up from 81.4 million pounds, in the year-earlier period. The group's revenue increased 27% to 1.5 billion pounds from 1.19 billion pounds. Its adjusted profit before taxes rose to 297.9 million pounds from 215 million pounds. However, analysts were expecting pretax adjusted profit of 295 million pounds on sales of 1.55 billion pounds. The group's Asia Pacific wholesale/retail revenue increased 62% in the year, while non-apparel surged 35%.

Quality Systems Inc (NASDAQ: QSII) reported its Q4 EPS at $0.64, versus the estimates of $0.61. QSII reported its revenue at $97.1 million, versus the estimates of $94.8 million.

HHGregg Inc (NYSE: HGG) reported its Q4 EPS at $0.39, versus the estimates of $0.29. HGG reported its revenue at $507.1 million, versus the estimates of $518.1 million.

Columbus McKinnon Corp (NASDAQ: CMCO) reported its Q4 EPS at $0.20, versus the estimates of $0.27. CMCO reported its revenue at $144.0 million, versus the estimates of $137.85 million.

Signet Jewelers Ltd (NYSE: SIG) reported its Q1 EPS at $0.87. SIG reported its revenue at $887.3 million, versus the estimates of $858.3 million.

RBC Bearings Inc (NASDAQ: ROLL) reported its Q4 adjusted EPS at $0.47, versus the estimates of $0.43.

Lukoil Oil Company (OTC: LUKOY) reported a 71% rise in its net profit for the first quarter on Thursday. Lukoil's net profit, under US GAAP, rose to $3.52 billion, from $2.05 billion, in the year-earlier period. However, analysts were expecting a profit of $3.24 billion. Its revenue climbed 24% to $29.63 billion from $23.90 billion. Its earnings before interest, taxation, depreciation and amortization, or EBITDA, surged to $5.34 billion from $3.73 billion.

Toronto-Dominion Bank (NYSE: TD) reported a 13% rise in its fiscal second-quarter profit on Thursday. TD's quarterly profit rose to C$1.33 billion, or C$1.46 per share, from C$1.18 billion, or C$1.30 per share, in the year-earlier period. Its total revenue surged 7.4% to C$5.12 billion. TD's adjusted earnings came in at C$1.59 per share. However, analysts were expecting earnings of C$1.61 per share on revenue of C$5.19 billion.

Genesco Inc (NYSE: GCO) reported its Q1 EPS at $0.67, versus the estimates of $0.48. GCO reported its revenue at $481.5 million, versus the estimates of $441.3 million.

Fred's Inc (NASDAQ: FRED) reported its Q1 EPS at $0.24, versus the estimates of $0.24. FRED reported its revenue at $484.4 million, versus the estimates of $485 million.

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