Market Overview

Earnings Roundup

Share:

Dollar General Corp (NYSE: DG) reported a 34% rise in its fiscal third-quarter earnings. Dollar General's board approved a new share buyback program of up to $500 million in stock. It also lifted its full-year earnings forecast to $2.29 to $2.32 per share, versus its earlier outlook of $2.22 to $2.30 per share. Dollar General's quarterly profit climbed to $171.2 million, or $0.50 per share, from $128.1 million, or $0.37 per share, in the year-ago period. Excluding certain items, Dollar General earned $0.50 per share. Its sales gained 12% to $3.6 billion. Dollar General's same-store sales surged 6.3%. Analysts were expecting earnings of $0.47 per share on sales of $3.57 billion. Dollar General's gross margin dropped to 31% from 31.4%.

Hi-Tech Pharmacal Co (NASDAQ: HITK) reported a 38% rise in its fiscal second-quarter earnings. Hi-Tech Pharmacal's quarterly profit surged to $13.8 million, or $1.04 per share, from $9.98 million, or $0.76 per share, in the year-ago period. Its sales climbed 27% to $56.9 million. However, analysts were expecting earnings of $0.77 per share on revenue of $51.4 million. Hi-Tech Pharmacal's gross margin gained to 58.7% from 56.3%.

Aberdeen Asset Management PLC (OTC: ABDNF) reported an 8.6% drop in its assets in three months. Aberdeen's assets under management dropped to GBP169.9 billion at Sept. 30, versus GBP185.8 billion at June 30, versus GBP178.7 billion at September 30, 2010. Its net profit surged 83% for the year ended September 30, to GBP169.7 million, versus GBP92.6 million in fiscal 2010. Aberdeen's revenue climbed to GBP784 million, from GBP638.2 million.

OAO Magnitogorsk Iron & Steel Works swung to loss in the third quarter. Magnitogorsk posted a quarterly net loss of $205 million, versus a year-ago net profit of $43 million.

TUI Travel PLC (OTC: TUIVY) swung to a profit for the fiscal year and lifted its dividend payout. TUI Travel's revenue for the period rose to GBP14.69 billion, from GBP13.51 billion, in the year-ago period. Its pretax profit came in at GBP144 million, versus a year-ago loss of GBP73 million. It posted a net profit of GBP85 million, versus a year-ago loss of GBP123 million. TUI Travel proposed a final dividend of 8 pence.

 

Related Articles (DG + ABDNF)

View Comments and Join the Discussion!

Posted-In: Earnings RoundupEarnings News Markets

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com