Cooper Beats Earnings Estimate, Dell Tech Still in Loss Despite Revenue Surge

Mukesh Buch
08 Dec, 2017
New York City

American Outdoor Brands lowered fiscal year estimate. Cooper profit surged 46%. Dell Technologies net loss narrowed on stronger revenue growth but margins remained under pressure. Finisar missed estimated. Johnson Outdoors net swung to profit.

[R]11:45 AM New York City, New York – American Outdoor Brands lowered fiscal year estimate. Cooper profit surged 46%. Dell Technologies net loss narrowed on stronger revenue growth but margins remained under pressure. Finisar missed estimated. Johnson Outdoors net swung to profit.[/R]

Tollbooth Index advanced 78.74 or 0.4% to 13,736.15.

Earnings Review

American Outdoor Brands Corp ((AOBC)) plunged 11.1% or $1.65 to $13.29 after the firearms maker stated revenues in the second-quarter ending in October declined 36.4% from a year ago to $148.4 million.

Net income in the quarter plummeted 90.1% to $3.2 million or 6 cents per diluted share from $32.5 million or 57 cents in the same quarter last year.

American Outdoor lowered fiscal 2017 revenue forecast in the range of $650 million to $675 million from the earlier estimate of $700 million to $740 million and diluted earnings per share between 57 cents and 67 cents from the earlier estimate of $1.04 to $1.24.

Cooper Companies Inc ((COO)) declined 6.2% or $14.83 to $223.97 after the medical devices maker reported revenues in the fourth-quarter ending in October soared 8% from a year ago to $561.5 million.

Net income in the quarter surged 46.4% to $88.6 million or $1.78 per diluted share from $60.5 million or $1.23 in the same quarter last year.

Cooper estimated fiscal 2018 revenues in the range of $2.48 billion to $2.53 billion and diluted earnings per share between $11.35 and $11.65.

Dell Technologies Inc ((DVMT)) jumped 2.1% or $1.57 to $77.45 after the information technology provider said revenues in the third-quarter ending on November 3 surged 21% from a year ago to $19.6 billion.

Net loss in the quarter narrowed to $937 million or $2.05 per diluted share from $2.1 billion or $3.63 in the same quarter last year.

Finisar Corporation ((FNSR)) advanced 3.9% or 72 cents to $18.77 after the optical subsystems and components maker reported revenues in the second-quarter ending on October 29 dropped 2.8% from a year ago to $332.2 million.

Net income in the quarter slumped 70.4% to $5.9 million or 5 cents per diluted share from $19.9 million or 18 cents in the same quarter last year.

Finisar forecasted fiscal 2018 revenues in the range of $325 million to $345 million and gross margin between 30% and 31% and diluted earnings per share in the range of 21 cents to 27 cents.

Johnson Outdoors Inc ((JOUT)) tumbled 15.4% or $11.19 to $61.62 after the outdoor recreation products maker said revenues in the fourth-quarter ending on September 29 jumped 22.6% from a year ago to $91.8 million.

Net in the quarter swung to profit $0.6 million or 6 cents per diluted share from a loss of $2.1 million or 21 cents in the same quarter last year.