Accenture, PVH, Signet Jewelers Rise; Discovery Lab, Finish Line Fall

Mukesh Buch
24 Mar, 2016
New York City

Accenture net loss narrowed after sales jumped. Finish Line net tumbled 90% but revenues increased. PVH profit surged 161%. Signet Jewelers net soared 19%. Discovery Laboratories net narrowed and revenues declined 42%.

[R]1:10 PM New York – Accenture net loss narrowed after sales jumped. Finish Line net tumbled 90% but revenues increased. PVH profit surged 161%. Signet Jewelers net soared 19%. Discovery Laboratories net narrowed and revenues declined 42%.[/R]

Tollbooth Index fell 32.26 or 0.3% to 10,591.72.

Earnings Review

Accenture Plc ((ACN)) jumped 3.8% or $4.05 to $111.69 after the Ireland-based technology and outsourcing services provider reported net revenues in the second-quarter ending in February soared 6% from a year ago to $7.9 billion.

Net loss in the quarter narrowed to $9 million or 26 cents per diluted share compared to $22.1 million or 68 cents per share from the same quarter last year.

Discovery Laboratories, Inc ((DSCO)) plunged 8.1% or 14 cents to $1.60 after the specialty biotechnology company said total revenues in the fourth-quarter ending in December declined 41.7% from a year ago to $0.7 million.

Net loss in the quarter narrowed to $10.1 million or $1.26 per diluted share compared to $10.6 million or $2.10 per share from the same quarter last year.

The Finish Line, Inc ((FINL)) slumped 2.4% or 44 cents to $18.50 after the specialty retailer reported net sales in the fourth-quarter ending on February 27 jumped 5.2% from a year ago to $580.3 million.

Net income in the quarter tumbled 90.2% to $4 million or 9 cents per diluted share compared to $40.8 million or 87 cents per share from the same quarter last year.

Finish Line forecasted comparable store sales in the fiscal year to increase in the range of 3% to 5% and earnings per share between $1.50 and $1.56.

PVH Corp ((PVH)) soared 8.1% or $7.11 to $94.74 after the owned-brands apparel maker said total revenues in the fourth-quarter ending in January rose 1.9% from a year ago to $2.11 billion.

Net income in the quarter surged 160.6% to $134.2 million or $1.63 per diluted share compared to $51.5 million or 62 cents per share from the same quarter last year.

Scholastic Corporation ((SCHL)) fell 14 cents to $35.67 after the children''s books publisher reported revenues in the third-quarter ending in February advanced 5.6% from a year ago to $366 million.

Net loss in the quarter narrowed to $9 million or 26 cents per diluted share compared to $22.1 million or 68 cents per share from the same quarter last year.

The company affirmed its current fiscal 2016 estimate for total revenue of about $1.65 billion and earnings per diluted share from continuing operations of about $1.35.

Signet Jewelers Ltd ((SIG)) increased 2.2% or $2.59 to $120.41 after the Bermuda-based jewellery and watches retailer stated total revenues in the fourth-quarter ending in February increased 5.1% from a year ago to $2.39 billion.

Same store sales in the quarter jumped 4.9% and online sales surged 11.2% to $166.3 million.

Net income in the quarter soared 19.3% to $271.9 million or $3.42 per diluted share compared to $228 million or $2.84 per share from the same quarter last year.