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DAILY EARNINGS

Big Lots Net Soars; Cooper, Dell Technologies Net Swing to Loss


Author: Mukesh Buch
ticker.com
Last Update: 11:58 AM EST March 09 2018

11:45 PM New York Big Lots fourth-quarter net soared 16% to $105 million. ChemoCentryx fourth-quarter net swung to profit $40 million. Cooper Companies first-quarter net swung to a loss of $123 million. Dell Technologies fourth-quarter net loss widened to $511 million. R1 RCM fourth-quarter net swung to a loss of $40 million.

Tollbooth Index soared 184.15 or 1.3% to 14,725.04.

Earnings Review

American Woodmark Corporation (AMWD), the kitchen cabinets and vanities maker said net sales in the third-quarter ending in January surged 17% from a year ago to $293 million.

Net income in the quarter tumbled 86.3% to $2 million or 12 cents per diluted share from $14.6 million or 89 cents in the same quarter last year.

Big Lots, Inc (BIG), the discount retailer reported net sales in the fourth-quarter ending on February 3 jumped 4% from a year ago to $1.6 billion.

Comparable store sales in the quarter fell 0.1%.

Net income in the quarter soared 16.3% to $104.8 million or $2.46 per diluted share from $90.1 million or $1.99 in the same quarter last year.

The retailer forecasted fiscal 2018 comparable store sales to increase in low single digit range and diluted earnings per share in the range of $4.75 to $4.95.

ChemoCentryx Inc (CCXI), the biopharmaceutical drugs maker stated revenues in the fourth-quarter ending in December surged from a year ago to $56.3 million.

Net in the quarter swung to profit $39.7 million or 80 cents per diluted share from $7.7 million or 16 cents in the same quarter last year.

Cooper Companies Inc (COO), the medical devices maker said revenues in the first-quarter ending in January jumped 18% from a year ago to $590 million.

Net in the quarter swung to a loss of $122.5 million or $2.50 per diluted share from profit of $75.8 million or $1.53 in the same quarter last year.

Cooper forecasted fiscal 2018 revenues growth in the range of $2.51 million to $2.56 million and diluted earnings per share in the range of $11.70 to $11.90.

Dell Technologies Inc (DVMT), the technology products maker reported revenues in the fourth-quarter ending on February 2 advanced 9% from a year ago to $21.9 billion.

Net loss in the quarter widened to $511 million or $1.12 per diluted share from $236 million or $2.68 in the same quarter last year.

Dell said revenues in the PCs, notebooks, tablets and printers business jumped 8% to $10.6 billion but revenue in storage segment declined 11% to $4.2 billion from a year ago period.

R1 RCM Inc (RCM), the ambulance and emergency services provider said revenues in the fourth-quarter ending in December soared 32.1% from a year ago to $140.3 million.

Net in the quarter swung to a loss of $40.2 million or 44 cents per diluted share from profit of $13.2 million or 65 cents in the same quarter last year.

In fiscal 2018, the healthcare services provider forecasted revenue growth between $850 million and $900 million and operating loss in the range of $30 million to $55 million.
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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