Tiffany Net Surges 16%, Chico's Net Plunges 45%

Mukesh Buch
27 Aug, 2014
New York City

Analog Devices net rose 3%. Brown-Forman profit jumped 5%. Chico''s net tumbled 45%. Donaldson net was flat but sales climbed 6%. Heico net surged 15%. REX American net soared 278% but sales declined 14%. Tiffany net surged 16%.

[R]11:45 AM New York – Analog Devices net rose 3%. Brown-Forman profit jumped 5%. Chico''s net tumbled 45%. Donaldson net was flat but sales climbed 6%. Heico net surged 15%. REX American net soared 278% but sales declined 14%. Tiffany net surged 16%.[/R]

Tollbooth Index rose 0.1% or 9.74 to 9,538.90.

Earnings Review

Analog Devices, Inc ((ADI)) dropped 3.3% or $1.73 to $50.49 after the electronic equipment maker said revenue in the second-quarter ending on August 2 climbed 8% to $727.8 million from a year ago period.

Net income in the quarter increased 2.5% to $180.6 million or 57 cents a diluted share compared to $176.2 million or 56 cents from a same quarter last year.

Brown-Forman Corporation ((BF.A)) slipped 1.4% or $1.32 to $91.77 after the alcoholic beverage maker reported net sales in the first-quarter ending in July jumped 3% to $921 million from a year ago period.

Net income in the quarter jumped 5% to $150 million or 70 cents a diluted share compared to $143 million or 66 cents from a same quarter last year.

Chico''s FAS, Inc ((CHS)) declined 4.1% or 66 cents to $15.36 after the specialty retailer said revenue in the second-quarter ending on August 2 grew 3.3% to $671.1 million from a year ago period. Comparable store sales in the quarter rose 0.3%.

Net income in the quarter tumbled 45.1% to $30.1 million or 20 cents a diluted share compared to $43.6 million or 27 cents from a same quarter last year.

Donaldson Company, Inc ((DCI)) jumped 3.3% or $1.33 to $42.02 after the filtration system maker reported said net sales in the second-quarter ending in July climbed 6% to $668 million from a year ago period.

Net income in the quarter was flat at $73 million from a year earlier and diluted earnings per share rose to 50 cents from 48 cents a year ago.

Heico Corp ((HEI)) plummeted 4.4% or $2.39 to $52 after the aircraft parts maker reported net sales in the second-quarter ending in July jumped 9% to $291 million from a year ago period.

Net income in the quarter surged 15% to $33.4 million or 49 cents a diluted share compared to $28.9 million or 43 cents from a same quarter last year.

REX American Resources Corp ((REX)) surged 17.3% or $15.74 to $106.49 after the consumer electronics retailers said net sales in the second-quarter ending in July declined 14.4% to $150.2 million from a year ago period.

Net income in the quarter soared 277.6% to $21.9 million or $2.68 a diluted share compared to $5.8 million or 71 cents from a same quarter last year.

Tiffany & Co ((TIF)) gained 1.8% or $1.83 to $102.60 after the jewelry maker and retailer reported net sales in the second-quarter ending in July soared 7% to $993 million from a year ago period. Comparable store sales in the quarter increased 3%.

Net income in the quarter surged 16% to $124 million or 96 cents a diluted share compared to $107 million or 83 cents from a same quarter last year.

The company said total sales in the quarter from the U.S. climbed 9% to $484 million and from total sales Asia-Pacific region soared 14% to $237 million. In Japan, total sales declined 13% to $119 million and from European region total sales jumped 8% to $120 million.