Earnings Roundup For May 25

Costco Wholesale Corp COST reported a 5.9% rise in its fiscal third-quarter net profit on Wednesday. Costco reported its quarterly net profit at $324 million, or $0.73 per share, up from $306 million, or $0.68 per share, in the year-earlier period. Its revenue surged 16% to $20.19 billion. Costco's comparable sales increased 12%, or 7% excluding the positive impact from strengthening foreign currencies and inflation in gasoline prices. The latest quarter earnings included $0.07 per share of charges. However, analysts were expecting earnings of $0.77 per share on revenue of $20.14 billion. Polo Ralph Lauren Corp RL reported downbeat Q4 earnings on Wednesday. Polo reported its quarterly net income at $73.2 million, or $0.74 per share, down from $114.1 million, or $1.13 per share, in the year-earlier period. The company's net sales surged to $1.38 billion from $1.29 billion. However, analysts were expecting Q4 earnings of $0.79 per share on revenue of $1.39 billion. RL shares dipped 8.57% to $118.30 in pre-market trading. Brown Shoe Co BWS reported a 63% decline in its fiscal first-quarter earnings. Brown Shoe reported its quarterly profit at $3.69 million, or $0.08 per share, down from $10 million, or $0.23 per share, in the year-earlier period. Excluding items like acquisition-related costs and an adjustment to the cost of goods sold, the company's earnings dropped to $0.16 per share from $0.26 per share. However, analysts were expecting earnings of $0.13 per share. The company's sales surged 4.5% to $624.6 million. Brown Shoe's gross margin dropped to 40% from 41.4%. Same-store sales at Famous Footwear declined 3.9%, versus a rise of 15.5% in the prior year. Hormel Foods Corp HRL reported a 41% rise in its fiscal second-quarter net profit and raised its projections on Wednesday. Hormel reported its quarterly net profit at $109.6 million, or $0.40 per share, up from $77.9 million, or $0.29 per share, in the year-earlier period. Its sales increased 15% to $1.96 billion. However, analysts were expecting earnings of $0.41 per share on sales of $1.82 billion. Hormel now projects earnings for the fiscal year of $1.67 to $1.73 per share, up from its earlier forecast of $1.62 to $1.68 per share. However, analysts were expecting earnings of $1.71 per share. American Eagle Outfitters Inc AEO reported weaker-than-expected first-quarter profit on Wednesday. American Eagle reported its quarterly earnings at $28.3 million, or $0.14 per share. The company's adjusted earnings came in at $0.13 per share. Its sales dropped 6% to $610 million. However, analysts were expecting Q1 earnings of $0.15 per share on revenue of $637.50 million. American Eagle projects Q2 earnings of $0.10 to $0.13 per share, versus analysts' estimates of $0.13 per share. Toll Brothers Inc TOL narrowed its second-quarter net loss to $20.8 million on Wednesday. Toll Brothers posted a Q2 net loss at $20.8 million, or $0.12 per share, versus a net loss of $40.4 million, or $0.24 per share, in the year-ago period. Its revenue increased 2.7% to $319.7 million. However, analysts were expecting a loss of $0.04 per share on revenue of $321.79 million. Conn's Inc CONN reported a better-than-expected first-quarter profit on Wednesday. Conn's reported its quarterly net income at $4 million, or $0.13 per share, versus $5.8 million, or $0.26 per share, in the year-ago period. Conn's revenue dropped 4.3% to $189.3 million. However, analysts were expecting a profit of $0.09 per share on revenue of $190.8 million. Cable & Wireless Communications Plc CWIXF reported 59% rise in its fiscal-year net profit on Wednesday. The group reported its net profit at $197 million, up from $124 million, in the year-earlier period. Its revenue increased 4% to $2.44 billion. Suntech Power Holdings Co Ltd STP reported a 54% surge in its first-quarter profit, but lowered its full-year revenue projections. STP reported its quarterly net income at $31.9 million, or $0.17 per American Depository Share (ADS), up from $20.7 million, or $0.11 per ADS, in the year-ago period. Its total net revenue rose 49% to $877 million. STP lowered its sales forecast to $3.3-$3.5 billion, from its earlier projections of $3.4-$3.6 billion. Chemspec International Limited CPC reported its Q1 EPS at $0.10, versus the estimates of $0.14. CPC reported its revenue at $31.9 million, versus the estimates of $31.50 million. Zale Corporation ZLC reported a FQ3 net loss from continuing operations at $10 million, or $0.31 per share, versus a net loss from continuing operations of $15 million, or $0.46 per share, in the year-ago quarter. Its revenue surged 14.5% to $412 million, from $360 million. However, analysts were expecting a loss of $0.58 per share on revenue of $391.96 million. Zale's gross margin on sales rose 13% to $206 million, from $183 million, in the year-ago period. Zale's comparable store climbed 15.2%, versus a decline of 2.2%, in the year-ago period. Bank of Montreal BMO reported its Q2 EPS at $1.35, versus the estimates of $1.31. Medical Action Industries Inc MDCI reported its Q4 EPS at $0.07, versus the estimates of $0.11. MDCI reported its revenue at $105.3 million, versus the estimates of $106.5 million. Read more from Benzinga's Markets.