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DAILY EARNINGS

PepsiCo, WD-40 Net Jump; Barracuda Networks Net Falls


Author: Mukesh Buch
ticker.com
Last Update: 12:07 PM ET July 11 2017

12:00 PM New York Barracuda Networks first-quarter net slumped 4% to $3 million. PepsiCo second-quarter net jumped 5% to $2.1 billion. VOXX International first-quarter net loss narrowed to $3 million. WD-40 third-quarter net surged 14% to $14.4 million.

Tollbooth Index rose 15.08 to 12,088.24.

Earnings Review

Barracuda Networks Inc (CUDA), the data protection solutions provider said revenues in the first-quarter ending in May soared 9% from a year ago to $94.2 million.

Net income in the quarter slumped 3.6% to $2.7 million from $2.8 million and diluted earnings per share were flat at 5 cents from the same quarter last year.

PepsiCo, Inc (PEP), the food and beverage maker reported net revenues in the second-quarter ending on June 17 rose 2% from a year ago to $15.7 billion.

Net income in the quarter jumped 5% to $2.1 billion or $1.46 per diluted share from $2 billion or $1.38 in the same quarter last year.

PepsiCo said sales in North America rose 2% to $5.24 billion as net price increased to 1% and revenue in Frito-Lay North America business jumped 3% with volume increased of 1% and net price growth of 3%.

The food and beverage maker reaffirmed fiscal 2017 revenues forecast growth of 3% and earnings per share of about $5.13.

VOXX International Corp (VOXX), the automobile audio parts maker stated net sales in the first-quarter ending in May advanced 2.3% from a year ago to $159.1 million.

Net loss in the quarter narrowed to $3 million or 13 cents per diluted share from $4.3 million or 18 cents in the same quarter last year.

WD-40 Company (WDFC), the cleaning products maker said total net sales in the third-quarter ending in May increased 2% from a year ago to $98.2 million.

Net income in the quarter surged 14% to $14.4 million or $1.02 per diluted share from $12.7 million or 88 cents in the same quarter last year.

The homecare products maker estimated fiscal 2017 net sales between $382 million and $388 million and net income in the range of $51.3 million to$52.3 million and diluted earnings per share between $3.64 and $3.71.
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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