FactSet Net Rises 16%, Jabil Circuit Net Swings to Loss

Mukesh Buch
25 Sep, 2018
New York City

Ascena Retail jumped on strong comparable store sales. Ennis net soared 13%. FactSet Research net jumped after revenues increased. Jabil Circuit net swung to a loss.

[R]11:25 AM New York City, New York – Ascena Retail jumped on strong comparable store sales. Ennis net soared 13%. FactSet Research net jumped after revenues increased. Jabil Circuit net swung to a loss.[/R]

Tollbooth Index rose 12.97 to 16,469.48 and for the year-to-date soared 19.7%.

Earnings Review

Ascena Retail Group Inc ((ASNA)) jumped 5.2% or 21 cents to $4.22 after the women''s apparel, shoes, and accessories retailer reported net sales in the fourth-quarter ending on August 4 jumped 6.6% from a year ago to $1.8 billion.

Comparable store sales in the quarter advanced 4%

Net in the quarter swung to profit $33.2 million or 17 cents per diluted share from a loss of $15.8 million or 8 cents in the same quarter last year.

The retailer forecasted fiscal 2018 net sales between $6.45 billion and $6.55 billion and comparable sales to grow low single digits and operating income in the range of $120 million to $140 million.

Ennis Inc ((EBF)) slipped 1.2% or 25 cents to $20.65 after the wholesale print products manufacturer said revenues in the second-quarter ending in August increased 3.9% from a year ago to $98.6 million.

Net income in the quarter soared 12.9% to $9.6 million or 37 cents per diluted share from $8.5 million or 34 cents in the same quarter last year.

FactSet Research Systems Inc ((FDS)) declined 3.7% or $8.59 to $223.06 after the financial information and analytic data provider stated revenues in the fourth-quarter ending in August soared 5.9% from a year ago to $345.9 million.

Net income in the quarter surged 15.6% to $68.8 million or $1.77 per diluted share from $59.6 million or $1.52 in the same quarter last year.

FactSet said as of August 31, annual subscription value increased to $1.39 billion and operating margin increased to 25.5% from 25.2% in a year ago period.

FactSet Research forecasted fiscal 2019 revenues in the range of $1.41 billion and $1.45 billion and operating margin between 29% and 30% and diluted earnings per share in the range of $8.70 and $8.90.

Jabil Circuit Inc ((JBL)) plunged 9.7% or $2.91 to $27.17 after the electronic products maker reported revenues in the fourth-quarter ending in August soared 5.9% from a year ago to $345.9 million.

Net in the quarter swung to a loss of $57.3 million or 34 cents per diluted share from profit of $45.7 million or 25 cents in the same quarter last year.

Jabil Circuit forecasted fiscal 2019 first-quarter revenues in the range of $5.8 billion to $6.4 billion and operating income between $158 million and $223 million and diluted earnings per share in the range of 45 cents to 74 cents.