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DAILY EARNINGS

Analogic Net Swing to profit; Dell, Palo Alto Networks Net Loss Narrow


Author: Mukesh Buch
ticker.com
Last Update: 12:33 PM EDT June 04 2018

11:45 PM New York – Analogic third-quarter net swung to profit $7 million. Construction Partners second-quarter net soared to $11 million. Dell Technologies first-quarter net loss narrowed to $636 million. Palo Alto Networks third-quarter net loss narrowed to $47 million.

Tollbooth Index advanced 104.74 0.7% to 15,656.14 but for the year-to-date jumped 13.7%.

Earnings Review

Analogic Corporation (ALOG), the medical technology provider said revenues in the third-quarter ending in April fell 2% from a year ago to $120 million.

Net in the quarter swung to profit $7.1 million or 56 cents per diluted share from a loss of $59.7 million or $4.78 in the same quarter last year.

Construction Partners, Inc (ROAD), the infrastructure and road construction service provider stated revenues in the second-quarter ending in March soared 7.7% from a year ago to $118.9 million.

Net income in the quarter jumped to $11.2 million or 27 cents per diluted share from $2.8 million or 7 cents in the same quarter last year.

The infrastructure developer forecasted fiscal 2018 revenues growth in the range of $690 million to $710 million compared to $568.2 million and net income in the range of $47 million to $50 million compared to $26 million in the same period a year ago.

Coupa Software Inc (COUP), ahead of its first-quarter result after today’s market close.

Dell Technologies (DVMT), the information technology reported revenues in the first-quarter ending on May 4 surged 19% from a year ago to $21.4 billion.

Net loss in the quarter narrowed to $636 million or $1.95 per diluted share from $1.2 billion or $2.29 in the same quarter last year.

Dell said revenues in the VMware segment in the quarter soared 12% to $2 billion and operating income jumped 30.2% to $613 million and also strong sales in servers, networking and commercial PCs.

""We had a strong first quarter with balanced growth across all business units, regions, and customer segments,"" said chief financial officer Tom Sweet.

Palo Alto Networks Inc (PANW), the network security provider said total revenues in the third-quarter ending in April soared 31% from a year ago to $567.1 million.

Net loss in the quarter narrowed to $46.7 million or 51 cents per diluted share from $60.9 million or 67 cents in the same quarter last year.

""We delivered strong fiscal third quarter results with record revenue, deferred revenue and billings,” said chief executive officer Mark McLaughlin.

Palo Alto forecasted fiscal 2018 total revenues in the range of $2.24 billion to $2.25 billion, representing growth between 27% and 28% from the same period a year ago and diluted earnings per share in the range of $3.86 to $3.89.
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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