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Earnings Analysis: 
Cisco Net Jumps, Wal-Mart Net Falls; Ralph Lauren Net Swings to Loss
Author: Mukesh Buch
123jump.com
Last Update: 3:52 AM ET May 18 2017


 
12:00 PM New York The Buckle first-quarter net tumbled 23% to $16 million. Cisco third-quarter net jumped 9% to $2.5 billion. Childrens Place first-quarter net surged 39% to $36 million. Ralph Lauren fourth-quarter net swung to a loss of $204 million. Wal-Mart first-quarter net fell 1% to $3 billion.

Tollbooth Index increased 44.18 or 0.4% to 11,947.16.

Earnings Review

The Buckle, Inc (BKE), the casual apparel, footwear and accessories retailer said net sale in the first-quarter ending in April dropped 12.8% from a year ago to $212.3 million.

Comparable store sales in the quarter plunged 12.7%.

Net income in the quarter tumbled 23.4% to $16.3 million or 34 cents per diluted share from $23.1 million or 48 cents in the same quarter last year.

Cisco Systems, Inc (CSCO), the network services provider reported revenues in the third-quarter ending in April fell 0.8% from a year ago to $11.9 billion.

Net income in the quarter jumped 8.7% to $2.5 billion or 50 cents per diluted share from $2.3 billion or 46 cents in the same quarter last year.

Cisco forecasted fourth quarter revenues to decline between 6% and 4% and diluted earnings per share in the range of 46 cents to 51 cents which is lower than non-GAAP earnings per share by 11 cents to 14 cents in the fourth quarter of fiscal 2017.

The Childrens Place Inc (PLCE), the children''s specialty apparel retailer said net sale in the first-quarter ending in April jumped 4.1% from a year ago to $436.7 million.

Comparable store sales in the quarter soared 6.1%.

Net income in the quarter surged 39.2% to $36.2 million or $1.97 per diluted share from $26 million or $1.33 in the same quarter last year.

The children''s specialty retailer lifted fiscal 2017 diluted earnings per share forecast in the range of $7.10 to $7.20 from earlier estimated guidance of $6.50 to $6.65.

Hibbett Sports, Inc (HIBB), the sports and outdoor specialty retailer stated net sale in the first-quarter ending in April slid 2.3% from a year ago to $275.7 million.

Comparable store sales in the quarter declined 4.9%.

Net income in the quarter plummeted 25.1% to $20.9 million or 97 cents per diluted share from $27.9 million or $1.22 in the same quarter last year.

The athletic specialty stores operator lowered fiscal 2018 diluted earnings per share forecast between $2.35 and $2.55 from earlier estimated range of $2.65 to $2.85 and comparable store sales between negative 1% to positive 1% compared to previous guidance of to increase in the low single-digit range.

Ralph Lauren Corp (RL), the apparel, accessories and home furnishings retailer stated net revenues in the fourth-quarter ending on April 1 plunged 15.8% from a year ago to $1.6 billion.

Comparable store sales in the quarter declined 11%.

Net in the quarter swung to a loss of $204 million or $2.48 per diluted share from profit of $41.3 million or 49 cents in the same quarter last year.

Wal-Mart Stores Inc (WMT), the supermarkets and convenience stores operator reported total revenues in the first-quarter ending in March increased 1.4% from a year ago to $117.5 billion.
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Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites.
Market data: BATS Exchange. Inc.

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