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DAILY EARNINGS

HD Supply Net Jumps, G-III Net Swing to profit; Genesco Net Swing to Loss


Author: Mukesh Buch
ticker.com
Last Update: 12:25 PM EDT June 05 2018

11:45 PM New York Apergy first-quarter net surged 85% to $25 million. Duluth Holdings first-quarter net swung to a loss but net sales surged 20%. G-III Apparel first-quarter net swung to profit $10 million. Genesco first-quarter net swung to a loss of $2.3 million. HD Supply first-quarter net jumped 5% to $89 million.

Tollbooth Index jumped 216.61 1.4% to 15,872.75 but for the year-to-date soared 15.3%.

Earnings Review

Apergy Corporation (APY), the engineered technology provider said revenues in the first-quarter ending in March soared 23% from a year ago to $283.9 million.

Net income in the quarter surged 85% to $24.5 million or 31 cents per diluted share from $13.3 million or 17 cents in the same quarter last year.

Ambarella Inc (AMBA), ahead of its first-quarter result after the market close today.

Duluth Holdings Inc (DLTH), the apparel brand retailer stated net sales in the first-quarter ending in March surged 19.7% from a year ago to $100.2 million.

Net in the quarter swung to a loss of $0.7 million or 2 cents per diluted share from profit of $0.4 million or 1 cent in the same quarter last year.

The casual wear retailer forecasted fiscal 2018 revenue growth in the range of $555 million to $575 million and operating profit between $51 million to $54 million and diluted earnings per share in the range of 79 cents to 84 cents.

G-III Apparel Group Ltd (GIII), the apparel, footwear, and accessories retailer reported net sales in the first-quarter ending in April advanced 16% from a year ago to $611.7 million.

Net in the quarter swung to profit $9.9 million or 20 cents per diluted share from a loss of $10.4 million or 21 cents in the same quarter last year.

The retailer lifted fiscal 2019 net sales forecast of $2.97 billion from the earlier estimate of $2.94 billion and net income between $112 million and $117 million from the earlier estimate of $97 million and $102 million and diluted earnings per share in the range of $2.20 and $2.30 from the earlier estimate of $1.90 and $2.

Genesco Inc (GCO), the footwear, headwear, sports apparel, and accessories retailer said net sales in the first-quarter ending on May 5 rose 0.3% from a year ago to $645 million.

Comparable store sales in the quarter decreased 1% and direct sales soared 10% and direct-to-consumer sales surged 11%.

Net in the quarter swung to a loss of $2.3 million or 12 cents per diluted share from profit of $0.9 million or 5 cents in the same quarter last year.

Genesco forecasted fiscal 2019 comparable store sales in to be flat to increase of 2% and diluted earnings per share in the range of $3.05 to $3.45.

HD Supply Holdings Inc (HDS), the industrial distributor reported revenues in the first-quarter ending on April 29 soared 14.2% from a year ago to $1.4 billion.

Net income in the quarter jumped 4.7% to $89 million or 48 cents per diluted share from $85 million or 42 cents in the same quarter last year.

The specialty construction material provider reaffirmed fiscal 2018 net sales forecast in the range of $5.82 billion and $5.94 billion and operating profit in the range of $832 million and $862 million and diluted earnings per share in the range of $3.11 and $3.27.
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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