8:50AM New York - Big Lots, Inc sales fell 0.9% and net income fell 14.7%. Collective Brands, Inc revenue rose 4% and net income rose 86.3%. Logility, Inc sales fell 6% and net income fell 6%.
Big Lots, Inc, a national closeout retailer reported third quarter sales fell 0.9% to $1.02 billion from $1.03 billion a year ago. Net income in the quarter fell 14.7% to $12.2 million or 15 cents per diluted share compared to net income of $14.3 million or 14 cents per share a year ago.
Comparable same store sales fell 0.2%.
Big Lots, Inc (
BIG) in the last one year traded as high as $35.33 in August 2008 and as low as $12.40 in January 2008. Based on the yesterday''s closing price of $16.28 the company has market cap of $1.34 billion.
Collective Brands, Inc, a footwear retailer said third quarter revenues rose 4% to $862.7 million from $830.7 million a year ago. Net income in the quarter rose 86.3% to $47.5 million or 75 cents per diluted share compared to net income of $25.5 million or 39 cents per share a year ago.
Comparable same store sales fell 3.2%.
Collective Brands, Inc (
PSS) in the last one year traded as high as $21.00 in September 2008 and as low as $3.85 in November 2008. Based on the yesterday''s closing price of $9.20 the company has market cap of $587.17 million.
Logility, Inc, supplier of collaborative software for supply chain reported second quarter sales fell 6% to $10.5 million from $11.1 million a year ago. Net income in the quarter fell 6% to $1.6 million or 12 cents per diluted share compared to net income of $1.7 million or 13 cents per share a year ago.
Logility, Inc (
LGTY) in the last one year traded as high as $14.57 in December 2007 and as low as $4.00 in November 2008. Based on the yesterday''s closing price of $4.24 the company has market cap of $54.63 million.
Royal Bank of Canada, a diversified financial services company reported fourth quarter revenues fell 10% to $5,069 million from $5,615 million a year ago. Net income in the quarter fell 15% to $1,120 million or 81 cents per diluted share compared to net income of $1,324 million or $1.01 per share a year ago.
Total revenues for fiscal year 2008 fell 4% to $21,582 million from $22,462 million a year ago. Net income for fiscal year 2008 fell 17% to $4,555 million or $3.38 per diluted share compared to net income of $5,492 million or $4.19 per share a year ago. Return on common equity for 2008 was 18.0% from 24.6% a year ago. Tier 1 capital ratio at the end of the fourth quarter was 9.0%.
Canadian Banking net income for fiscal year rose 5% to $2,662 million compared to $2,545 million a year ago. Wealth Management net income for fiscal year fell 13% to $665 million compared to net income of $762 million a year ago. Insurance income for fell 12% to 389 million compared to net income of $442 million a year ago. International Banking net loss was $153 million compared to net income of $242 million a year ago.
Royal Bank of Canada (
RY) in the last one year traded as high as $53.34 in November 2007 and as low as $25.89 in November 2008. Based on the yesterday''s closing price of $29.28 the company has market cap of $39.27 billion.