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DAILY EARNINGS

Dana, PepsiCo Net Swing to Loss; Rapid7 Net Loss Widens


Author: Mukesh Buch
ticker.com
Last Update: 12:08 PM EST February 13 2018

11:45 PM New York Dana fourth-quarter net swung to a loss of $104 million. PepsiCo fourth-quarter net swung to a loss of $710 million. Rapid7 fourth-quarter net loss widened to $13 million. Varonis Systems fourth-quarter net jumped 57% and revenues surged 35%.

Tollbooth Index rose 10.53 to 13,897.42.

Earnings Review

Dana Inc (DAN), the driveline technology provider said revenues in the fourth-quarter ending in December surged 27% from a year ago to $1.8 billion.

Net in the quarter swung to a loss of $104 million or 74 cents per diluted share from profit of $485 million or $3.34 in the same quarter last year.

Dana reaffirmed fiscal 2018 demand and the new-business growth forecast of about 6% and sales in the range of $7.5 billion to $7.7 billion and diluted earnings per share in the range of $2.60 to $2.90.

PepsiCo, Inc (PEP), the food and beverage maker reported net revenues in the fourth-quarter ending in December were flat from a year ago to $19.5 billion.

Net in the quarter swung to a loss of $710 million or 50 cents per diluted share from profit of $1.4 billion or 97 cents in the same quarter last year.

PepsiCo said flat sales were driven by weak performance in beverages unit and revenue drop in Frito-Lay snack business.

PepsiCo forecasted fiscal 2018 earnings per share to jump 9% to $5.70 from $5.23 in the same period a year ago.

Rapid7 Inc (RPD), the security and information technology provider said total revenues in the fourth-quarter ending in December jumped 28% from a year ago to $57.7 million.

Net loss in the quarter widened to $13 million or 30 cents per diluted share from $9.8 million or 23 cents in the same quarter last year.

Varonis Systems Inc (VRNS), the enterprise software provider stated revenues in the fourth-quarter ending in December surged 35% from a year ago to $73.2 million.

Net income in the quarter jumped 57.1% to $5.5 million or 18 cents per diluted share from $3.5 million or 12 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