Established 1999
     
8,000 companies from USA and India.  
   
Search over 25,500 news articles and 8,000 companies earnings    
 
Earnings Analysis: 
DSW, RadNet Profit Soar; HD Supply Net Tumbles 94%
Author: Mukesh Buch
123jump.com
Last Update: 4:10 AM ET March 14 2017



Email article | Print article

 
12:00 PM New York Bon-Ton Stores fourth-quarter net declined 12% to $45 million. DSW fourth-quarter net declined 12% to $31 million. HD Supply fourth-quarter net tumbled 94% to $52 million. RadNet fourth-quarter net surged 311% to $4 million. Veritiv Corp fourth-quarter net plunged 58% to $4.2 million.

Tollbooth Index slumped 45.90 or 0.4% to 11,567.07.

Earnings Review

Bon-Ton Stores Inc (BONT), the department store operator said total sales in the fourth-quarter ending on January 28 dropped 5.5% from a year ago to $877.3 million.

Comparable store sales in the quarter slumped 4.7%.

Net income in the quarter declined 11.7% to $44.7 million or $2.09 per diluted share from $50.6 million or $2.42 per share in the same quarter last year.

The retailer estimated comparable store sales in the full-year to decrease between 2% to 3% and diluted loss per share to range between $2.08 and $2.59.

DSW Inc (DSW), the footwear retailer reported net sales in the fourth-quarter ending in December rose 0.4% from a year ago to $674.6 million.

Comparable store sales in the quarter declined 7%.

Net income in the quarter surged 159% to $30.5 million or 38 cents per diluted share from $11.8 million or 14 cents per share in the same quarter last year.

DSW forecasted net sales the fifty-three week ending on February 3, 2018 to grow between 3% and 5% and comparable sales to range from a flat to low single digit decline and diluted earnings per share in the range of $1.45 to $1.55.

HD Supply Holdings Inc (HDS), the industrial products distributor reported net sales in the fourth-quarter ending in December advanced 3.2% from a year ago to $1.6 billion.

Net income in the quarter tumbled 94% to $52 million or 26 cents per diluted share from $867 million or $4.33 per share in the same quarter last year.

The industrial distributor said net income in the fourth quarter of fiscal 2015 included $1.01 billion tax benefit from the reversal of deferred tax asset valuation allowance.

In the first-quarter, HD Supply estimated net sales in the range of $1.84 billion to $1.89 billion and operating profit between $205 million and $220 million and diluted earnings per share in the range of 60 cents to 68 cents.

HD Supply forecasted sales growth in the fiscal 2017 of about 300 basis points.

RadNet Inc (RDNT), the diagnostic services provider said total net revenues in the fourth-quarter ending in December jumped 4.3% from a year ago to $224.9 million.

Net income in the quarter surged 311% to $3.7 million or 8 cents per diluted share from $0.9 million or 2 cents per share in the same quarter last year.

RadNet forecasted revenues in the fiscal 2017 between $895 million and $925 million operating profit in the range of $135 million to $145 million.

Veritiv Corporation (VRTV), the print, publishing, packaging and logistics solutions provider said net sales in the fourth-quarter ending in December slumped 3.7% from a year ago to $2.1 billion.

Net income in the quarter plunged 58.4% to $4.2 million or 26 cents per diluted share from $10.1 million or 63 cents per share in the same quarter last year.

""""We had improved revenue performance in 2016 and operating profit came in high end of guidance range, despite a year-over-year decrease in the fourth quarter,"""" senior vice president and chief financial officer Stephen Smith said.
  1 More: Earnings Archive

 


 
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites.
Market data: BATS Exchange. Inc.

350 Fund Managers Interviews - 10-year Annual earnings on 4,600 U.S. companies - 20-quarter Earnings on 3,800 U.S. companies - 3,200 U.S. IPO Prospectuses
- 2,100 Economic data releases from U.S., EU, UK, India, HK and Australia. 10-year Annual reports on 3,500 U.S. companies -
U.S. Earnings Calendar with 4,800 companies - 90,000 10-K reports - 26,000 Global markets news archive - 2,200 Earnings Conference Call Summaries

Other Sites:
1999-2017 123jump.com. All rights reserved