Signet Jewelers Surge on Outlook; Secureworks, Vera Bradley Net Loss Widen

Mukesh Buch
06 Jun, 2018
New York City

Brown-Forman net declined but revenues jumped. KNOT Offshore Partners net and revenues soared. Secureworks net loss widened. Signet Jewelers surged on upbeat outlook. Vera Bradley net loss widened after revenues plunged 10%.

[R]12:30 PM New York City, New York – Brown-Forman net declined but revenues jumped. KNOT Offshore Partners net and revenues soared. Secureworks net loss widened. Signet Jewelers surged on upbeat outlook. Vera Bradley net loss widened after revenues plunged 10%.[/R]

Tollbooth Index fell 22.30 to 15,826.90 but for the year-to-date soared 14.9%.

Earnings Review

Brown-Forman Corporation ((BFA, BFB)), the alcoholic beverages maker reported revenues in the year ending in April jumped 6% from a year ago to $733 million.

Net income in the quarter declined 23% to $110 million or 23 cents per diluted share from $144 million or 30 cents in the same quarter last year.

The alcoholic beverages maker forecasted fiscal 2019 revenue growth between 6% and 7% and operating income growth in the range of 7% to 9% and diluted earnings per share in the range of $1.75 to $1.85.

KNOT Offshore Partners LP ((KNOT)) gained 1.4% or 30 cents to $21.15 after the crude oil loading, transport and storage services provider said total revenues in the first-quarter ending in March soared 51.2% from a year ago to $68 million.

Net income in the quarter more than doubled to $30.7 million from $11.4 million in the same quarter last year.

Secureworks Corporation ((SCWX)) increased 1.2% or 13 cents to $10.85 after the cyber security solution provider stated revenues in the first-quarter ending on May 4 advanced 11% from a year ago to $126.2 million.

Net loss in the quarter widened to $13.8 million from $13.3 million and diluted earnings per share were flat at 17 cents in the same quarter last year.

Secureworks forecasted fiscal 2019 revenue growth in the range of $515 million to $518 million and net loss between $48 million and $51 million and diluted earnings per share in the range of 59 cents to 63 cents.

Signet Jewelers Limited ((SIG)) surged 19.3% or $8.50 to $52.65 after the Bermuda-based jewelry retailer reported revenues in the first-quarter ending on May 5 increased 5.7% from a year ago to $1.5 billion.

Same store sales in the quarter were flat from a year ago period.

Net in the quarter swung to a loss of $504.8 million or $8.48 per diluted share from profit of $70.3 million or $1.03 in the same quarter last year.

Signet forecasted fiscal 2019 sales growth in the range of $5.9 billion to $6.1 billion and earnings per share in the range of $3.75 to $4.25 and same-store sales to be drop in the low to mid-single digits.

Vera Bradley, Inc ((VRA)) jumped 2% or 26 cents to $13.33 after the women''s handbags, travel items, and accessories designer said revenues in the first-quarter ending on May 5 plunged 9.9% from a year ago to $86.6 million.

Net loss in the quarter widened to $1.4 million or 4 cents per diluted share from $4 million or 11 cents in the same quarter last year.