Big Lots Plunges on Comparable Sales Growth Worries, Dell PC Sale Jump

Mukesh Buch
09 Mar, 2018
New York City

American Woodmark net tumbled but revenues surged. Big Lots plunged after same-store sales declined. ChemoCentryx surged after net swung to profit. Cooper net swung to a loss. Dell Technologies net loss widened after storage sales declined.

[R]11:45 AM New York City, New York – American Woodmark net tumbled but revenues surged. Big Lots plunged after same-store sales declined. ChemoCentryx surged after net swung to profit. Cooper net swung to a loss. Dell Technologies net loss widened after storage sales declined.[/R]

Tollbooth Index soared 184.15 or 1.3% to 14,725.04.

Earnings Review

American Woodmark Corporation ((AMWD)) jumped 2.7% or $3.30 to $123.65 after the kitchen cabinets and vanities maker said net sales in the third-quarter ending in January surged 17% from a year ago to $293 million.

Net income in the quarter tumbled 86.3% to $2 million or 12 cents per diluted share from $14.6 million or 89 cents in the same quarter last year.

Big Lots, Inc ((BIG)) tumbled 11.9% or $6.45 to $47.49 after the discount retailer reported net sales in the fourth-quarter ending on February 3 jumped 4% from a year ago to $1.6 billion.

Comparable store sales in the quarter fell 0.1%.

Net income in the quarter soared 16.3% to $104.8 million or $2.46 per diluted share from $90.1 million or $1.99 in the same quarter last year.

The retailer forecasted fiscal 2018 comparable store sales to increase in low single digit range and diluted earnings per share in the range of $4.75 to $4.95.

ChemoCentryx Inc ((CCXI)) surged 11.9% or $1.30 to $12.19 after the biopharmaceutical drugs maker stated revenues in the fourth-quarter ending in December surged from a year ago to $56.3 million.

Net in the quarter swung to profit $39.7 million or 80 cents per diluted share from $7.7 million or 16 cents in the same quarter last year.

Cooper Companies Inc ((COO)) advanced 2.7% or $6.74 to $255.16 after the medical devices maker said revenues in the first-quarter ending in January jumped 18% from a year ago to $590 million.

Net in the quarter swung to a loss of $122.5 million or $2.50 per diluted share from profit of $75.8 million or $1.53 in the same quarter last year.

Cooper forecasted fiscal 2018 revenues growth in the range of $2.51 million to $2.56 million and diluted earnings per share in the range of $11.70 to $11.90.

Dell Technologies Inc ((DVMT)) gained 43 cents to $77.81 after the technology products maker reported revenues in the fourth-quarter ending on February 2 advanced 9% from a year ago to $21.9 billion.

Net loss in the quarter widened to $511 million or $1.12 per diluted share from $236 million or $2.68 in the same quarter last year.

Dell said revenues in the PCs, notebooks, tablets and printers business jumped 8% to $10.6 billion but revenue in storage segment declined 11% to $4.2 billion from a year ago period.

R1 RCM Inc ((RCM)) slid 1 cent to $6.40 after the ambulance and emergency services provider said revenues in the fourth-quarter ending in December soared 32.1% from a year ago to $140.3 million.

Net in the quarter swung to a loss of $40.2 million or 44 cents per diluted share from profit of $13.2 million or 65 cents in the same quarter last year.

In fiscal 2018, the healthcare services provider forecasted revenue growth between $850 million and $900 million and operating loss in the range of $30 million to $55 million.