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DAILY EARNINGS

MSC Industrial Direct and Simply Good Foods Net Surge


Author: Mukesh Buch
ticker.com
Last Update: 2:25 AM EDT April 10 2018

11:45 PM New York MSC Industrial Direct second-quarter net more than doubled to $118 million. The Simply Good Foods second-quarter net surged to $41 million. Simulations Plus second-quarter net jumped on 29% surge in revenues.

Tollbooth Index jumped 115.23 or 0.8% to 14,657.61 and in the year-to-date soared 6.4%.

Earnings Review

MSC Industrial Direct Company Inc (MSM), the industrial products distributor reported net sales in the second-quarter ending on March 3 soared 9.3% from a year ago to $769 million.

Net income in the quarter more than doubled to $117.6 million or $2.06 per diluted share from $53.6 million or 93 cents in the same quarter last year.

The industrial products distributor forecasted third-quarter net sales in the range of $820 million to $835 million and diluted earnings per share in the range of $1.37 and $1.43.

The Simply Good Foods Company (SMPL), the branded nutritional foods and snack food maker said revenues in the second-quarter ending on February 24 increased 6.8% from a year ago to $109.3 million.

Net income in the quarter surged to $41.3 million or 56 cents per diluted share from $3.6 million in the same quarter last year.

Simply Good Foods reaffirmed fiscal 2018 net sales in the range of 4% to 6%.

Simulations Plus Inc (SLP), the software developer stated revenues in the second-quarter ending in February surged 28.9% from a year ago to $7.4 million.

Net income in the quarter jumped to $3.5 million or 19 cents per diluted share from $1.2 million or 7 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