Dollar General Surges on Strong Results, Vail Resorts Net Loss Narrows

Mukesh Buch
07 Dec, 2017
New York City

Ciena Corp said net income soared 30%. Dollar General reported strong sales and tightened fiscal outlook. Ferrellgas Partners net loss widened. Vail Resorts net loss narrowed.

[R]11:45 AM New York City, New York – Ciena Corp said net income soared 30%. Dollar General reported strong sales and tightened fiscal outlook. Ferrellgas Partners net loss widened. Vail Resorts net loss narrowed.[/R]

Tollbooth Index advanced 79 or 0.6% to 13,699.34.

Earnings Review

Ciena Corporation ((CIEN)) declined 5.5% or $1.11 to $20.08 after the network technology provider said revenues in the fourth-quarter ending in October jumped 17.4% from a year ago to $456.7 million.

Net income in the quarter soared 30.3% to $25.8 million or 51 cents per diluted share from $19.8 million or 38 cents in the same quarter last year.

Cantel Medical Corp ((CMD)) jumped 3.4% or $3.41 to $103.62 after the infection prevention products provider reported revenues in the first-quarter ending in October soared 13.4% from a year ago to $212.8 million.

Net income in the quarter surged 21.8% to $22.9 million or 55 cents per diluted share from $18.8 million or 45 cents in the same quarter last year.

Conn''s Inc ((CONN)) surged 16.4% or $5.25 to $36.75 after the specialty retailer said revenues in the third-quarter ending in October slumped 5.3% from a year ago to $373.2 million.

Net in the quarter swung to profit $1.6 million or 5 cents per diluted share from a loss of $3.8 million or 12 cents in the same quarter last year.

Dollar General Corp ((DG)) advanced 3.4% or $3.09 to $93.94 after the discount retailer reported revenues in the third-quarter ending in October surged 11% from a year ago to $5.9 billion.

Same store sales in the quarter jumped 4.3%.

Net income in the quarter jumped 7.7% to $252.5 million or 93 cents per diluted share from $235.3 million or 84 cents in the same quarter last year.

The discount retailer lowered fiscal 2018 diluted earnings per share forecast to a range between $4.37 and $4.47 from the earlier estimate range between $4.35 and $4.50 and net sales growth estimate to 7% compared to the prior guidance of between 5% and 7%.

Ferrellgas Partners, L.P ((FGP)) slid 4 cents to $4.32 after the propane and related equipment provider stated total revenues in the fourth-quarter ending in October advanced 19.8% from a year ago to $454.7 million.

Net loss in the quarter widened to $47.4 million or 49 cents per diluted share from $42.6 million or 44 cents in the same quarter last year.

Methode Electronics Inc ((MEI)) slumped 2.5% or $1.12 to $44.38 after the wireless and sensing technology provider reported revenues in the second-quarter ending on October 28 jumped 9.9% from a year ago to $230.1 billion.

Net income in the quarter fell 2.8% to $24.2 million or 64 cents per diluted share from $24.9 million or 66 cents in the same quarter last year.

Vail Resorts, Inc ((MTN)) soared 4.4% or $9.82 to $231.02 after the ski and mountain resorts operator said revenues in the first-quarter ending in October surged 23.9% from a year ago to $220.9 million.

Net loss in the quarter narrowed to $28.4 million or 71 cents per diluted share from $62.6 million or $1.70 in the same quarter last year.