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DAILY EARNINGS

Brown-Forman Net Surges; Signet Jewelers Net Swing to Loss


Author: Mukesh Buch
ticker.com
Last Update: 12:47 PM EDT June 06 2018

11:45 PM New York Brown-Forman first-quarter net declined 23% to $110 million. KNOT Offshore Partners first-quarter net more than doubled to $31 million. Secureworks first-quarter net loss widened to $14 million. Signet Jewelers first-quarter net swung to a loss of $505 million. Vera Bradley first-quarter net widened.

Tollbooth Index fell 22.30 to 15,826.90 but for the year-to-date soared 14.9%.

Earnings Review

Brown-Forman Corporation ((BFA, BFB)), the alcoholic beverages maker reported revenues in the year ending in April jumped 6% from a year ago to $733 million.

Net income in the quarter declined 23% to $110 million or 23 cents per diluted share from $144 million or 30 cents in the same quarter last year.

The alcoholic beverages maker forecasted fiscal 2019 revenue growth between 6% and 7% and operating income growth in the range of 7% to 9% and diluted earnings per share in the range of $1.75 to $1.85.

KNOT Offshore Partners LP (KNOT), the crude oil loading, transport and storage services provider said total revenues in the first-quarter ending in March soared 51.2% from a year ago to $68 million.

Net income in the quarter more than doubled to $30.7 million from $11.4 million in the same quarter last year.

Secureworks Corporation (SCWX), the cyber security solution provider stated revenues in the first-quarter ending on May 4 advanced 11% from a year ago to $126.2 million.

Net loss in the quarter widened to $13.8 million from $13.3 million and diluted earnings per share were flat at 17 cents in the same quarter last year.

Secureworks forecasted fiscal 2019 revenue growth in the range of $515 million to $518 million and net loss between $48 million and $51 million and diluted earnings per share in the range of 59 cents to 63 cents.

Signet Jewelers Limited (SIG), the Bermuda-based jewelry retailer reported revenues in the first-quarter ending on May 5 increased 5.7% from a year ago to $1.5 billion.

Same store sales in the quarter were flat from a year ago period.

Net in the quarter swung to a loss of $504.8 million or $8.48 per diluted share from profit of $70.3 million or $1.03 in the same quarter last year.

Signet forecasted fiscal 2019 sales growth in the range of $5.9 billion to $6.1 billion and earnings per share in the range of $3.75 to $4.25 and same-store sales to be drop in the low to mid-single digits.

Vera Bradley, Inc (VRA), the women''s handbags, travel items, and accessories designer said revenues in the first-quarter ending on May 5 plunged 9.9% from a year ago to $86.6 million.

Net loss in the quarter widened to $1.4 million or 4 cents per diluted share from $4 million or 11 cents in the same quarter last year.
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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