Carnival, Lululemon Profit Jump; Paychex, UniFirst, Verint Drop

Mukesh Buch
30 Mar, 2016
New York City

Carnival net nearly jumped three-fold. InterOil net loss widened. Lululemon profit jumped 11% on 17% increase in revenues. Paychex net and revenues soared 7%. Sonic profit advanced 40%. UniFirst net plunged 8%. Verint Systems net surged 280.4% while revenues dropped 10%.

[R]11:50 AM New York – Carnival net nearly jumped three-fold. InterOil net loss widened. Lululemon profit jumped 11% on 17% increase in revenues. Paychex net and revenues soared 7%. Sonic profit advanced 40%. UniFirst net plunged 8%. Verint Systems net surged 280.4% while revenues dropped 10%.[/R]

Tollbooth Index gained 83.66 or 0.8% to 10,828.85.

Earnings Review

Carnival Corporation ((CCL)) jumped 3.8% or $1.89 to $51.54 after the cruise liners operator said revenues in the first-quarter ending in February increased 3.4% from a year ago to $3.65 billion.

Net income in the quarter surged 189.8% to $142 million or 18 cents per diluted share compared to $49 million or 6 cents per share from the same quarter last year.

In the second-quarter, the cruise operator forecasted net revenue to increase between 1.5% and 2.5% and earnings per share in the range of 34 cents to 38 cents compared to year ago period.

InterOil Corporation ((IOC)) surged 12.5% or $3.70 to $33.24 after the Singapore-based oil and gas explorer stated total revenues in the fourth-quarter ending in December swung to profit of $11.7 million from a revenues loss of $13.2 million in the same period a year ago.

Net loss in the quarter widened to $83.8 million or $1.69 per diluted share compared to $64.2 million or $1.30 per share from the same quarter last year.

Lululemon Athletica Inc ((LULU)) soared 8.3% or $5.04 to $66.29 after the athletic apparel designer and retailer reported net revenues in the fourth-quarter ending in January advanced 17% from a year ago to $704.3 million.

Same store sales in the quarter jumped 11% and direct to consumer net revenue increased 28% to $146.3 million.

Net income in the quarter rose 5.9% to $117.4 million or 85 cents per diluted share compared to $110.9 million or 78 cents per share from the same quarter last year.

The athletic apparel designer estimated net revenue in the first-quarter in the range of $483 million to $488 million and total comparable sales increase in the mid-single digits and diluted earnings per share between 28 cents and 30 cents.

In the year, Lululemon forecasted net revenues between $2.29 billion and $2.34 billion and total comparable sales increase in the mid-single digits on a constant dollar basis and diluted earnings per share in the range of $2.05 to $2.15.

Paychex, Inc ((PAYX)) dropped 2.8% or $1.53 to $52.95 after the outsourcing services provider reported total revenues in the third-quarter ending in February jumped 7% from a year ago to $752.6 million.

Net income in the quarter soared 7% to $180.4 million or 50 cents per diluted share compared to $169.4 million or 46 cents per share from the same quarter last year.

Sonic Corporation ((SONC)) increased 4.9% or $1.58 to $34.14 after the chain of drive-in restaurants operator stated total revenues in the second-quarter ending in February rose 5.5% from a year ago to $133.2 million.

System same store sales in the quarter advanced 6.5%.

Net income in the quarter jumped 40.2% to $10.8 million or 22 cents per diluted share compared to $7.7 million or 14 cents per share from the same quarter last year.

UniFirst Corp ((UNF)) slumped 4% or $4.52 to $108.29 after the workplace uniforms provider revenues in the second-quarter ending in February edged up 0.5% from a year ago to $363.1 million.

Net income in the quarter plunged 7.7% to $23.5 million or $1.16 per diluted share compared to $25.4 million or $1.26 per share from the same quarter last year.

The company lowered annual revenue forecast between $1.455 billion and $1.467 billion compared to earlier estimated range of $1.46 billion and $1.475 billion and earnings per share between $5.45 and $5.65 from previously forecasted range between $5.60 and $5.80.

Verint Systems Inc ((VRNT)) tumbled 13.2% or $4.66 to $30.55 after the software services provider said total revenues in the fourth-quarter ending in January declined 9.9% from a year ago to $280.8 million.

Net income in the quarter surged 280.4% to $17.5 million or 28 cents per diluted share compared to $4.6 million or 7 cents per share from the same quarter last year.