Posts Tagged ‘Earnings Reports’

Bassett Furniture shares rise 20% after better-than-expected earnings

October 1st, 2015 No comments


Shares of Bassett Furniture Industries rose 20% Thursday after the seat builder reported aloft third entertain sales and gain which handily kick analysts’ estimates.

Net income scarcely doubled from a year ago to $4.27 million. Earnings per share totaled 39 cents, aloft than analysts’ accord guess of twenty-five cents which was gathered by Zacks Investment Research.

Shares rose $5.45 to finish the day at $33.30.

Revenue for the quarter rose 30% $111 million.

Earlier this year, the Bassett, Va.-based association acquired Zenith Freight Lines, a logistic provider, and the ultimate gain simulate the deal. Excluding Zenith’s sales, Bassett’s income would have been 14% aloft than a year ago.

It sell division — the 59 company-owned stores — reported a 15% enlarge in sales to $62 million.  It was the company’s fifth uninterrupted entertain of double-digit allied store sales increase, Bassett said.

The wholesale division’s sales rose 11% to $62.2 million.

“Once again, all of the expansion came from the domestically constructed law dining and law upholstery programs,” pronounced  Bassett CEO Robert Spilman.


Oshkosh falls 8% after cutting earnings forecast

June 16th, 2015 No comments


Shares of specialty truck builder Oshkosh Corp. fell some-more than 8% Tuesday after it said customer consolidation and brand new product launch delays will lead to lower earnings for the year.

The stock  (OSK) fell $4.23 to $46.07 in late sunrise trading.

Its gain per share (EPS) estimates for the third entertain of mercantile 2015 will “approximate the practiced EPS reported” in the year-ago period, or about $1.23, the Oshkosh, Wisc.-based association said. Its previous per-share gain guess for the entertain was higher.

Oshkosh also cut its full year 2015 gain per share foresee to $3.75 to $4.00 vs. $4.00 to $4.25 estimated earlier.

In late April, Oshkosh intimated which a slowdown in the defense industry is hampering sales. Fiscal second entertain sales fell 7.4% to $1.55 billion, due to “significantly reduce invulnerability shred sales,” it said.

Lands’ End adrift at sea

June 5th, 2015 No comments
Land's End's initial entertain sales fell as the code code code brand brand new CEO looks to reshape the company

Land’s End’s initial entertain sales fell as the code code code brand brand new CEO looks to reshape the company

For years, Lands’ End (LE) has enjoyed a constant following for the sturdy, All-American styles. But as tastes have changed towards fashion-forward brands, the association has struggled to keep up.

In releasing nonetheless an additional entertain of unsatisfactory gain on Thursday, the Dodgeville, Wisc.-based association suggested descending sales and promises of turnaround strategy directed at being some-more rival with L.L. Bean, J. Crew and others attire makers.

First entertain sales fell 9.4% to $299.4 million, short of researcher estimates by $22.1 million. Net income plummeted 84% to $1.7 million.

Last year, Sears Holdings spun off Lands’ End, and the divorce continues to start the altogether performance. Same store sales fell 12.1%, “driven by reduce sales in the company’s Lands’ End Shops at Sears,” it said. Lands’ End operated 235 in-store merchandising spots at Sears as of May, down from 251 a year ago.

“Given which some-more than 10% of LE’s income comes from these shops, any destiny unfolding which formula in the murder of Sears or the closure of a estimable series of the stores would have a element inauspicious outcome on Lands’ End,” wrote Alex Fuhrman, an researcher at Craig-Hallum, in an financier note.

In February, Lands’ End hired Federica Marchionni, former boss of Dolce & Gabbana, to modernise designs and drive the association in a code code code brand brand new direction. Calling the stream sell marketplace “challenging,” the Italian senior manager told investors Friday which her priorities embody upgrading the code and product design, as good as exploring “new placement opportunities and strengthening operations.”

“My goal is to renovate this implausible American, iconic association in to a suggestive tellurian lifestyle brand,” Marchionni told Yahoo Finance in an talk progressing this week.

Despite dropping Lands’ End’s income opinion for the year, Fuhrman pronounced he stays sanguinary about the brand’s appeal. “It is a bequest code with the infrastructure to attain in today’s e-commerce sell landscape and has a code code code brand brand new and invigorated management,” he said. “Keep in thoughts which with Marchionni usually fasten LE in February, we design it will take a full year to put her stamp on the code code code brand brand new product.”

Investors weren’t so sure. The batch fell roughly 9% Friday, shutting only underneath $25. And the pointy tumble in worth continues a long, tough decrease for the retailer, with shares plummeting 54% this year.

Ann Inc. Q1 sales rise as Loft makes up for Ann Taylor

May 22nd, 2015 No comments
NEW YORK, NY - MAY 18:  People pass the window arrangement of an Ann Taylor women's wardrobe store in Manhattan on May 18, 2015 in New York City. Ascena  Retail Group is shopping Ann Taylor and Loft sell stores for $2.16 billion.  (Photo by Andrew Burton/Getty Images) ORG XMIT: 554940623 ORIG FILE ID: 473890032

NEW YORK, NY – MAY 18: People pass the window arrangement of an Ann Taylor women’s wardrobe store in Manhattan on May 18, 2015 in New York City. Ascena Retail Group is shopping Ann Taylor and Loft sell stores for $2.16 billion. (Photo by Andrew Burton/Getty Images) ORG XMIT: 554940623 ORIG FILE ID: 473890032

Ann Inc., the women’s attire retailer, pronounced Friday initial entertain sales rose tolerably as a sales benefit at Loft stores helped compensate for Ann Taylor’s sluggish performance.

Company-wide sales were up 1.2% year-over-year to $597.7 million.

Net income totaled $13.6 million, up from $5.2 million a year ago when a restructuring charge hampered the bottom line.  Excluding the restructuring assign and alternative “one-time” items, gain per widely separated share totaled 37 cents, surpassing analysts’ guess of 33 cents.

Shares fell 3 cents to $47 Friday morning.

Ann Taylor sales fell to $211.3 million from $219.9 million a year ago as women increasingly opt for some-more infrequent styles at work. Sales of the Loft brand, deliberate some-more affordable than Ann Taylor, rose to $386.4 million from $370.6 million a year ago.

Its sum distinction margin dipped to 52.3% from 53.4% due to “continued trade hurdles and the rarely rival sell environment,” as good as “soft product opening at Ann Taylor Factory and in name categories at Loft.”

Deere sales fall on agriculture slowdown

May 22nd, 2015 No comments
Deere Q2 gain tumble as the rural zone stays weak. Here, British equestrian Zara Phillips, granddaughter of the British Queen, poses for cinema at the Deere vaunt in London, eighteen May 2015.  EPA/ANDY RAIN ORG XMIT: ARA55

Deere Q2 gain tumble as the rural zone stays weak. Here, British equestrian Zara Phillips, granddaughter of the British Queen, poses for cinema at the Deere vaunt in London, eighteen May 2015. EPA/ANDY RAIN ORG XMIT: ARA55

Industrial equipment builder Deere & Co. pronounced Friday the second entertain sales fell due to a “slowdown” in the tellurian plantation manage to buy but gain kick analysts’ estimates.

Net income fell 30% $690.5 million as building a whole and forestry apparatus sales helped offset the indolent opening of its farm apparatus unit.

Earnings per share totaled $2.03 for quarter finished Apr 30, handily commanding analysts’ guess of $1.57.

Shares rose 4% to $93.05 in morning trading.

Worldwide revenues fell 18% to $8.2 billion.

“Deere’s building a whole and forestry and financial-services groups had aloft formula for the quarter, and the cultivation and territory operations remained completely essential notwithstanding reduce direct for large models of plantation machinery,” CEO Samuel Allen pronounced in a statement.

The Agriculture and Turf division, Deere’s largest commercial operation section which creates tractors and alternative plantation equipment that it’s most appropriate well known for, reported a 25% decrease in sales to $5.8 billion.

Construction and forestry sales rose 2% to $1.6 billion.

Third entertain apparatus sales have been projected to tumble 17%, it said. For the mercantile year, they will be down about 19%. Its each year net income is expected to be about $1.9 billion.

Journal Media’s first-ever quarterly report shows revenue decline

May 15th, 2015 No comments
Journal Media Group's first-ever gain inform shows a income decline.

Journal Media Group’s first-ever gain inform shows a income decline.

Shares of Journal Media Group, owners of The Milwaukee Journal Sentinel, fell scarcely 3% after the initial quarter report showed timorous promotion sales.

The batch fell 23 cents to $8.27 early Friday afternoon.

In the first-ever gain inform as a publicly traded company, Journal Media pronounced income dipped 7.1% to $91.5 million and attributed it often to declining promotion sales. It posted $3.5 million in net detriment for the three-month period despite cutting losses 6.7%. But the detriment narrowed from a year ago when the allied operation had $3.9 million of loss.

Journal Media, that additionally owns The Commercial Appeal of Memphis and fourteen alternative newspapers, was total as a partnership agreement between E.W. Scripps Co. and Journal Communications. As partial of their agreement, they chose to mix Journal and Scripps’ journal businesses and turn them off as a separate, publicly traded company. Scripps operates their total promote assets.

The due exchange sealed on Apr 1, and Journal Media began trade on the day. And its latest quarterly gain inform was practiced to simulate suitable comparisons with the journal operations from a year ago.

Journal Media also spoken a money division of 4 cents per share, on credit on Jun 5.

The association pronounced it expects second entertain income to be down in “the high-single-digits” from the year-earlier period.  But it also anticipates second entertain handling expenses, incompatible passing from one to another and integration-related costs, to fall at “a high-single-digit rate.”

CBS Corp. Q1 earnings fall but beat estimates

May 7th, 2015 No comments

A stage from 2 Broke Girls on CBS. CBS Corp. released initial entertain gain Thursday which kick estimates.  (Beth Behrs, left) Also pictured: Kat Dennings (center) and Matthew Moy (right) Photo: Monty Brinton/CBS ¾?¬©2013 CBS Broadcasting, Inc. All Rights Reserved. [Via MerlinFTP Drop]

“2 Broke Girls” on CBS.

CBS Corp. pronounced Thursday the initial entertain earnings fell 16% as sports programming costs rose and revenues dipped at CBS Network and its local report stations.

The New York-based media company reported $394 million in net income, down from $468 million a year ago. But gain per share of 78 cents kick analysts’ guess of 75 cents, according to Zacks Investment Research.

Shares rose 1.3% to $62.04 in after-hours trading.

Company-wide income slipped 2% to $3.5 billion.

Revenue at the party unit, which includes CBS Television Network, CBS Television Studios and the interactive business, fell 1.7% to $2.26 billion as content chartering and placement revenues declined. Its operating income fell to $346 million from $420 million a year ago due to “a aloft investment in sports and party programming,” it said.

The wire networks unit, which operates Showtime, CBS Sports Network and Smithsonian Networks, reported a slight decrease in income — $539 million vs. $537 million a year ago. Domestic chartering revenues fell during the initial quarter, it said.

Publishing income from the Simon & Schuster division fell 5% to $145 million as it purebred lower book sales.

The internal report stations which CBS Corp. owns generated $596 million in revenue, down 5% as advertising sales dipped.

Its online headlines channel, CBSN, and the pay-to-stream service, CBS All Access, “are surpassing expectations,” pronounced CBS Corp. CEO Leslie Moonves, in a statement. “We have already stretched CBS All Access to some-more than half of the country, and we design it to be offering to 75% of all households by year’s end.”

21st Century Fox shares down after missing revenue target

May 7th, 2015 No comments
A stage from the film, "Taken 3," that was cited as a expansion cause in 21st Century Fox's Q3 earnings. (AP Photo/20th Century Fox, Sam Urdank) ORG XMIT: CAET367

A stage from the movie “Taken 3,” that was cited as a expansion cause in 21st Century Fox’s Q3 earnings. (AP Photo/20th Century Fox, Sam Urdank)

Shares of Twenty-First Century Fox (FOX) fell 2.1% Thursday after the movie and TV association reported a quarterly distinction decrease and longed for analysts’ income target.

Its mercantile third entertain net income fell 7.4% during the entertain to $975 million as income taxation losses negated taking flight handling income. Earnings per share, after incompatible a little items, totaled 42 cents, exceeding analysts’ guess of 39 cents.

The batch fell 69 cents to $32.33 Thursday.

Revenue fell 17% to $6.84 billion, reflecting the sales of Sky Italia and Sky Deutschland AG. If those sole businesses aren’t counted, company-wide income would have increased 1%, it said. Analysts anticipated revenue of $6.89 billion, according to Thomson Reuters.

Higher associate fees, quite for Fox News Channel, FX Networks and informal sports channels, helped expostulate the wire network unit’s income climb 14% to $3.59 billion. Domestic associate revenue, paid by wire and heavenly body companies to lift the channels, grew 20%. International associate income increasing 2%.

Domestic promotion sales were flat as contributions from Fox News Channel and Fox Sports 1 were offset by weaker sales at FX Networks and National Geographic Channels.

The filmed party section reported a 5% income benefit to $2.39 billion as multiform titles, together with “Taken 3” and “Kingsman: The Secret Service,” achieved good at the box office. The drive-in theatre have grossed over $320 million and $400 million worldwide, respectively.

The radio unit, that operates Fox Broadcast Network, reported a 22% income decrease to $1.24 billion. The expansion of the retransmission agree fees, paid by pay-TV providers, was “strong” but advertising sales were down 7%, it said.

Time Inc.’s Q1 revenue declines on deteriorating print ad market

May 7th, 2015 No comments
epa04715645 Television bard Matthew Weiner (L) and Mia Farrow (R) arrive for the Time 100 Gala at Frederick P. Rose Hall in New York, New York, USA, twenty-one Apr 2015. Time Inc. pronounced 2015 initial entertain income fell 9%.  EPA/JUSTIN LANE ORG XMIT: JLX20

 Television bard Matthew Weiner, left,  and Mia Farrow arrive for the Time 100 Gala at Frederick P. Rose Hall in New York on Apr 21, 2015.

Finding the balance as an eccentric edition association stays severe for Time Inc.

Sluggish promotion sales gathering the repository publisher’s initial entertain income down 9% to $680 million, the association said Thursday.

Shares of Time Inc. (TIME), that was spun off from Time Warner in Jun final year, fell 1.8% in sunrise trade to $20.99.

While the company cut prolongation and paper costs during the quarter, net distinction stays elusive. Its quarterly net detriment narrowed to $9 million from a detriment of $74 million a year ago as it managed to fist $5 million in handling profit.

Adjusted detriment per share totaled 6 cents vs. 2 cents of per-share detriment estimated by analysts.

Its struggles mostly stemmed from the continuously declining imitation promotion market. Advertising sales fell 9% during the entertain to $353 million. Weakening demand from advertisers persists, but Time Inc. additionally cited a “lower normal cost per page of promotion sold.”

“Our made at home titles gifted promotion declines in the food and beauty categories, to some extent equivalent by clever sales in the curative category,” pronounced a matter from the company, whose titles embody the namesake brand, Sports Illustrated, InStyle, People and Fortune.

Circulation income fell 7% to $250 million.

Digital promotion sales were comparatively flat, up 1% to $73 million. The results from the year-ago duration enclosed $11 million of digital promotion income from a Mexican operation and, that have been likely in the last year. Excluding their impact, digital ad sales would have increasing by 20%, the association said.

Tribune Publishing revenue falls 5% on ad sales decline

May 6th, 2015 No comments
Tribune Publishing, that publishes Los Angeles Times, reported a 5% income dump for the initial quarter. (Los Angeles Times)

Tribune Publishing, that publishes Los Angeles Times, reported a 5% income dump for the initial quarter. (Los Angeles Times)

Shares of Tribune Publishing (TPUB) fell 2.4% Wednesday after the journal publishing house reported a 75% initial entertain benefit decrease stemming from rising interest and reorder costs and continuously declining advertising sales.

The Chicago-based company, that owns Los Angeles Times and Chicago Tribune, reported $2.5 million in net income, down from $11.8 million generated by the comparable corporate entity a year ago. In August, Tribune Media spun off the publishing commercial operation to concentration on the TV operations.

Earnings per share of Tribune Publishing totaled 10 cents vs. 34 cents estimated by an researcher queried by Zacks Investment Research.

The stock fell 40 cents to finish the day at $16.00.

Revenue declined 5% to $396.2 million as a assuage benefit in dissemination income wasn’t sufficient to equivalent sluggish demand for imitation advertising.

Advertising sales fell 5.7% to $219.8 million.

Circulation income rose 1.8% to $109.3 million on the strength of the digital operations. Total digital income rose 6.6% to $49 million. And digital-only subscribers totaled 67,000 as of the finish of the initial quarter.

Total handling losses fell 2.6% to $385.3 million. But the seductiveness responsibility of $5.9 million ate into the bottom line.