Chesapeake Net Swings to Profit, Target Net Swings to a Loss

Mukesh Buch
25 Feb, 2015
New York City

BroadSoft surged after revenues and net climbed. Campbell Soup net tumbled 36%. Chesapeake Energy swung to profit on 11% increase in revenues. Lowe''''s profit soared 47%. TJX net surged 11%. Target net swung to a loss of $2.64 billion.

[R]11:45 PM New York – BroadSoft surged after revenues and net climbed. Campbell Soup net tumbled 36%. Chesapeake Energy swung to profit on 11% increase in revenues. Lowe''s profit soared 47%. TJX net surged 11%. Target net swung to a loss of $2.64 billion.[/R]

Tollbooth Index nearly gained 0.4% or 42.42 to 10,720.47.

Earnings Review

BroadSoft Inc ((BSFT)) surged 10% or $2.72 to $30.02 after the software service provider said total revenues in the fourth-quarter ending in December climbed 26.8% to $65.8 million from a year ago period.

Net income in the quarter surged to $9.09 million or 30 cents per diluted share compared to $0.51 million or 2 cents from the same quarter last year.

Campbell Soup Company ((CPB)) slipped 1.1% or 50 cent to $46.72 after the convenience food maker stated net sales in the second-quarter ending on February 1 dropped 2.2% to $2.23 billion from a year ago period.

Net income in the quarter tumbled 36.3% to $207 million or 66 cents per diluted share compared to $325 million or $1.03 from the same quarter last year.

Chesapeake Energy Corporation ((CHK)) plunged 11.1% or $221 to $17.67 after the oil and gas explorer reported total revenues in the fourth-quarter ending in December soared 11.2% to $5.05 billion from a year ago period.

Net in the quarter swung to profit $586 million or 81 cents per diluted share compared to a loss of $159 million or 24 cents from the same quarter last year.

Lowe''s Companies, Inc ((LOW)) slid 16 cents to $74.49 after the home improvement retailer said net sales in the second-quarter ending on January jumped 7.5% to $12.54 billion from a year ago period.

Net income in the quarter soared 47% to $450 million or 46 cents per diluted share compared to $306 million or 29 cents from the same quarter last year.

TJX Companies Inc ((TJX)) gained 1.3% or 90 cents to $68.06 after the apparel and home fashions retailer stated sales in the fourth-quarter ending in January climbed 6% to $8.3 billion from a year ago period. Comparable store sales in the quarter jumped 4%.

Net income in the quarter surged 11.3% to $648 million or 93 cents per diluted share compared to $582.3 million or 81 cents from the same quarter last year.

Target Corporation ((TGT)) fell 51 cents to $76.44 after the discount store operator reported sales in the fourth-quarter ending in January jumped 4.1% to $21.8 billion from a year ago period. Comparable store sales in the quarter climbed 3.8%.

Net in the quarter swung to a loss of $2.64 billion or $4.10 per diluted share compared to profit of $520 million or 81 cents from the same quarter last year.