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DAILY EARNINGS

Lithia Motors, Wyndham Net Surge; Hilton Net Swing to Profit


Author: Mukesh Buch
ticker.com
Last Update: 12:36 PM EST February 14 2018

11:45 PM New York ACCO Brands fourth-quarter net jumped to $74 million. Fossil Group fourth-quarter net swung to a loss of $80 million. Hilton fourth-quarter net swung to profit $840 million. Lithia Motors fourth-quarter net soared 74% to $89 million. Wyndham Worldwide fourth-quarter net surged 174% to $449 million.

Tollbooth Index increased 72.35 or 0.5% to 14,057.11.

Earnings Review

ACCO Brands Corporation (ACCO), the branded consumer and business products maker said net sales in the fourth-quarter ending in December surged 30% from a year ago to $566.8 million.

Net income in the quarter jumped to $74 million or 68 cents per diluted share from $6.1 million or 6 cents in the same quarter last year.

ACCO Brand said increase in net income was driven by acquisition, lower interest expense and lower effective tax rate.

Cedar Fair, L.P (FUN), the amusement, water parks and zoos operator reported revenues in the fourth-quarter ending in December soared 18.8% from a year ago to $228.2 million.

Net in the quarter swung to profit $57.5 million or $1.01 per diluted share from a loss of $6.8 million or 12 cents in the same quarter last year.

Fossil Group Inc (FOSL), the consumer fashion accessories distributor stated total said net sales in the fourth-quarter ending in December slipped 4% from a year ago to $920.8 million.

Net in the quarter swung to a loss of $79.9 million or $1.65 per diluted share from profit of $49.7 million or $1.03 in the same quarter last year.

Hilton Worldwide Holdings Inc (HLT), the hotels and resorts operator said revenues in the fourth-quarter ending in December jumped 23.9% from a year ago to $2.3.billion.

Net in the quarter swung to profit $840 million or $2.61 per diluted share from a loss of $387 million or $1.18 in the same quarter last year.

Lithia Motors Inc (LAD), the new and used vehicles retailer stated total revenues in the fourth-quarter ending in December advanced 17.9% from a year ago to $2.78 billion.

Net income in the quarter soared 74.2% to $89.4 million or $3.56 per diluted share from $51.3 million or $2.03 in the same quarter last year.

In fiscal 2018, the retailer forecasted revenues between $11 billion and $11.5 billion and diluted earnings per share of about $10.50.

Summit Materials Inc (SUM), the construction materials provider said revenues in the fourth-quarter ending in December increased 15.8% from a year ago to $490 million.

Net in the quarter swung to profit $43 million or 38 cents per diluted share from a loss of $0.3 million or 12 cents in the same quarter last year.

Wyndham Worldwide Corporation (WYN), the hospitality services provider reported total revenues in the fourth-quarter ending in December increased 5% from a year ago to $1.3 billion.

Net income in the quarter surged 173.8% to $449 million or $4.41 per diluted share from $164 million or $1.53 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