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DAILY EARNINGS

Dicks Sporting Net Jumps, DSW Net Drops; HD Supply Net Swing to Loss


Author: Mukesh Buch
ticker.com
Last Update: 12:46 PM EDT March 13 2018

11:45 PM New York American Vanguard fourth-quarter net more than doubled to $8 million. Dicks Sporting fourth-quarter net surged 29% to $116 million. DSW fourth-quarter net plunged 62% to $12 million. Epizyme fourth-quarter net loss widened to $36 million. HD Supply fourth-quarter net swung to a loss of $10 million.

Tollbooth Index dropped 96.23 or 0.6% to 14,765.72.

Earnings Review

American Vanguard Corp (AVD), the agricultural insecticides maker said net sales in the fourth-quarter ending in December surged 33% from a year ago to $116.5 million.

Net income in the quarter more than doubled to $8.4 million or 28 cents per diluted share from $3.9 million in the same quarter last year.

Dicks Sporting Goods Inc (DKS), the sporting goods retailer reported revenues in the fourth-quarter ending on February 3 jumped 7.3% from a year ago to $2.7 billion.

Same store sales in the quarter dropped 2%.

Net income in the quarter surged 28.6% to $115.9 million or $1.11 per diluted share from $90.2 million or 81 cents in the same quarter last year.

The sporting goods retailer forecasted fiscal 2018 same store sales in the range of flat to a low single-digit decline and diluted earnings per share in the range of $2.80 to $3.

DSW Inc (DSW), the footwear retailer said sales in the fourth-quarter ending on February 3 soared 6.7% from a year ago to $720 million.

Comparable store sales in the quarter increased 1.3%.

Net income in the quarter plunged 61.6% to $11.7 million or 15 cents per diluted share from $30.5 million or 38 cents in the same quarter last year.

DSW said decline in profit was driven by the write-down linked to the sale of Ebuys in late November 2017 for about $52.7 million.

In fiscal 2018, the footwear retailer estimated diluted earnings per share in the range of $1.52 to $1.67, representing growth of 4% to 14%.

Epizyme Inc (EPZM), the cancer drugs maker said net loss in the fourth-quarter ending in December widened to $36.2 million or 52 cents per diluted share from $35 million or 60 cents in the same quarter last year.

HD Supply Holdings Inc (HDS), the diversified industrial products distributor reported revenues in the fourth-quarter ending in December soared 9.1% from a year ago to $1.2 billion.

Net in the quarter swung to a loss of $10 million or 5 cents per diluted share from profit of $52 million or 26 cents in the same quarter last year.

In fiscal 2018, HD Supply forecasted net sales in the range of $5.76 million and $5.91 million and operating profit between $815 million and $855 million and diluted earnings per share in the range of $2.99 and $3.21.

OptiNose Inc (OPTN), the pharmaceutical products maker said net loss in the fourth-quarter ending in December widened to $20.3 million or 64 cents per diluted share from $8.9 million or $2.18 in the same quarter last year.

The drugs-maker split the stock 1-for-2.8879 on October 10, 2017.
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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