American Woodmark Rides Housing Boom, Ubiquiti Beats Estimates

Mukesh Buch
27 Aug, 2018
New York City

American Woodmark net jumped 11% on 55% surge in revenues. Jianpu Technology net loss narrowed after revenues soared 92%. Qudian reported strong results. Ubiquiti Networks beat earnings estimates.

[R]12:05 PM New York City, New York – American Woodmark net jumped 11% on 55% surge in revenues. Jianpu Technology net loss narrowed after revenues soared 92%. Qudian reported strong results. Ubiquiti Networks beat earnings estimates.[/R]

Tollbooth Index jumped 142.19 or 0.9% to 16,382.63 but for the year-to-date soared 19.1%.

Earnings Review

American Woodmark Corporation ((AMWD)) soared 6.5% or $5.56 to $90.51 after the kitchen cabinets and vanities maker reported net sales in the first-quarter ending in July surged 55% from a year ago to $429 million.

Net income in the quarter jumped 11.2% to $24.8 million or $1.41 per diluted share from $22.3 million or $1.36 in the same quarter last year

Jianpu Technology Inc ((JT)) gained 1.4% or 7 cents to $5.06 after China-based online financial searching products provider said total revenues in the second-quarter ending in June soared 91.6% from a year ago to $74.1 million.

Net loss in the quarter narrowed to $9.2 million and diluted loss per share of 2 cents from a year ago period.

Qudian Inc ((QD)) gained 1.3% or 20 cents to $15.75 after the China-based online credit products provider stated total revenues in the second-quarter ending in June jumped 124.7% from a year ago to $339.1 million.

Net income in the quarter soared 42.4% to $109.4 million and diluted earnings per share of 33 cents from a year ago period.

Ubiquiti Networks, Inc ((UBNT)) slid 4 cents to $83.02 after the wireless and wireline network equipment provider reported revenues in the fourth-quarter ending in June advanced 18% from a year ago to $269.8 million.

Net income in the quarter jumped 15.5% to $70.1 million or 94 cents per diluted share from $60.7 million or 74 cents in the same quarter last year.