12:00 PM New York – American Eagle first-quarter net tumbled 38% to $25 million. Citi Trends first-quarter net rose 2% to $8.9 million. Jack in the Box second-quarter net soared 15% to $33 million. Target first-quarter net soared 8% to $681 million. Urban Outfitters first-quarter net declined 60% to $12 million.

Tollbooth Index declined 139.78 or 1.2% to 11,966.56.

Earnings Review

American Eagle Outfitters (AEO), the specialty retailer reported net revenues in the first-quarter ending in April increased 2% from a year ago to $762 million.

Comparable store sales in the quarter rose 2%.

Net income in the quarter tumbled 37.8% to $25.2 million or 14 cents per diluted share from $40.5 million or 76 cents in the same quarter last year.

The retailer forecasted second-quarter comparable store sales in the range of flat to a low single digit decline and diluted earnings per share between 15 cents and 17 cents.

Citi Trends, Inc (CTRN), the urban fashion apparel and accessories retailer stated total sales in the first-quarter ending in April advanced 3.2% from a year ago to $200 million.

Comparable store sales in the quarter increased 1%.

Net income in the quarter rose 1.7% to $8.89 million from $8.74 million and diluted earnings per share were flat at 60 cents compared to the same period a year ago.

Jack in the Box Inc (JACK), the fast food restaurant chain operator said total revenues in the second-quarter ending on April 16 increased 2.3% from a year ago to $369.4 million.

System same-store sales decreased 0.8% and Qdoba same-store sales decreased 3.2%.

Net income in the quarter soared 15.3% to $33.1 million or $1.06 per diluted share from $26.7 million or 84 cents in the same quarter last year.

Thermo Fisher Scientific Inc (TMO), the analytical instruments maker agreed to acquire the Netherlands-based molecular microscope diagnostic system developer Patheon N.V for $35 per share or about $7.2 billion in cash, including approx $2 billion of net debt.

The transaction is expected to complete by the end of this year.

Target Corporation (TGT), the discount stores operator reported net sales in the first-quarter ending in April fell 1.1% from a year ago to $16 billion.

Comparable store sales in the quarter decreased 1.3%.

Net income in the quarter soared 7.7% to $681 million or $1.23 per diluted share from $632 million or $1.05 in the same quarter last year.

Urban Outfitters, Inc (URBN), the lifestyle specialty retailer said total net sales in the first-quarter ending in April were flat from a year ago to $761.2 million.

Comparable store sales in the quarter dropped 3.1%, comparable store sales in Free People segment increased 1.5% but at Urban Outfitters stores comparable sales fell 3.1% and fell 4.4% Anthropologie Group.

Net income in the quarter declined 59.8% to $11.9 million or 10 cents per diluted share from $29.6 million or 25 cents in the same quarter last year.