Market Overview

Earnings Roundup

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Dollar General Corp (NYSE: DG) reported a 3.4% rise in its FQ2 net income rose 3.4% and raised the low end of its earnings forecast for the full year. Dollar General reported its quarterly profit at $146 million, or $0.42 per share, up from $141.2 million, or $0.41 per share, in the year-ago quarter. Its adjusted profit came in at $0.52 per share. Dollar General's net sales climbed to $3.58 billion from $3.21 billion. However, analysts were expecting earnings of $0.48 per share on sales of $3.54 billion. Dollar General's same-store sales surged 5.9%. Dollar General now projects adjusted earnings of $2.22 to $2.30 per share in the fiscal year, versus analysts' estimates of $2.24 per share.

Barnes & Noble Inc (NYSE: BKS) reported a narrower fiscal first-quarter loss. Barnes & Noble reported a quarterly net loss of $56.6 million, or $0.99 per share, versus a loss of $62.5 million, or $1.12 per share, in the year-ago period. However, analysts were expecting a loss of $0.94 per share. Barnes & Noble's revenue climbed to $1.42 billion, versus analysts' estimates of $1.46 billion.

1-800-Flowers.com Inc (NASDAQ: FLWS) reported a narrower fiscal fourth-quarter loss on Tuesday. 1-800-Flowers reported a quarterly loss of $8,000, or less than a penny share, versus a year-ago loss of $5 million, or $0.08 per share. Its revenue climbed 13% to $187.1 million. However, analysts were expecting earnings of $0.01 per share on revenue of $175 million. 1-800-Flowers' gross margin surged to 39.8% from 38.1%.

DSW Inc (NYSE: DSW) reported upbeat quarterly profit and lifted its full-year forecast. DSW reported its Q2 profit at $139.9 million, or $3.96 per share, up from $26.9 million, or $1.00 per share, in the year-ago period. Excluding merger-related items, DSW earned $0.74 per share. Its sales climbed 14.7% to $476.3 million. However, analysts were expecting earnings of $0.63 per share on revenue of $459.4 million. DSW now projects annual diluted earnings of $2.70 to $2.85 per share for the full year, up from its earlier forecast of $2.65 to $2.80 per share. DSW's same-store sales jumped 12.3% during the quarter.

Bank of Nova Scotia (NYSE: BNS) reported around 22% rise in its quarterly profit on Tuesday. Bank of Nova Scotia reported its Q3 earnings at C$1.29 billion ($1.32 million), or C$1.11 per share, up from C$1.06 billion, or 98 Canadian cents per share, in the year-ago period. On a cash basis, it earned C$1.14 per share. However, analysts were expecting a profit of C$1.12 per share.

OAO Gazprom (OTC: OGZPY) reported a 44% surge in its first quarter net profit. Gazprom's net income attributable to shareholders surged to RUB468.0 billion rubles ($16.3 billion), from RUB324.4 billion, in the year-ago period. Analysts were expecting a net profit of RUB427 billion. Gazprom's sales climbed 38% to RUB1.32 trillion, from RUB954.3 billion. Its operating profit jumped 47% to RUB498.5 billion.

Ipsen (OTC: IPSEF) reported a 21% rise in its first-half net income. Ipsen's consolidated net income rose to 91.9 million euros ($133.4 million), or 1.09 euros per share, from 75.6 million, or 0.89, in the year-ago period. Its adjusted earnings per share came in at 1.27 euros. Ipsen's revenue climbed to 619.4 million euros from 585.7 million. Ipsen now projects recurring adjusted operating profit for the year of 190 million to 200 million euros.

Hon Hai Precision Industry Co (OTC: HNHPF) reported a 23% decline in its second-quarter net profit. Hon Hai's net profit for the period dropped to NT$12.98 billion (US$447 million), from NT$16.75 billion, in the year-ago period. Its revenue surged 23% to NT$633.90 billion from NT$514.53 billion. Analysts were expecting a net profit of NT$12.0 billion.

Posted-In: Earnings RoundupEarnings News Pre-Market Outlook Markets

 

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