Earnings Roundup

PetMed Express Inc PETS reported a 33% decline in its fiscal first-quarter earnings. PetMed Express reported its quarterly profit at $4.8 million, or $0.22 per share, down from $7.2 million, or $0.32 per share, in the year-earlier period. Its revenue dropped 1.1% to $74 million, while online sales climbed 3.4%. Analysts were expecting earnings of $0.24 per share on revenue of $74 million. Gannett Co GCI reported a 23% decline in its second-quarter net income and doubled its quarterly dividend. Gannett's quarterly earnings dropped to $151.5 million, or $0.62 per share, from $195.5 million, or $0.81 per share, in the year-ago quarter. Its adjusted earnings came in at $0.58 per share. Gannett's revenue declined to $1.33 billion from $1.37 billion. However, analysts were expecting earnings of $0.57 per share on revenue of $1.34 billion. Gannett lifted its dividend to $0.08 per share. Gannett expects to buyback $100 million in shares over the next 12 months. Charles Schwab Corp SCHW reported a 16% rise in its second-quarter net income. Charles Schwab's quarterly earnings surged to $238 million, or $0.20 per share, from $205 million, or $0.17 per share, in the year-ago quarter. Its revenue climbed to $1.19 billion from $1.08 billion. Analysts were expecting a profit of $0.19 per share on revenue of $1.19 billion. Hasbro Inc HAS reported a 33% rise in its second-quarter net profit. Hasbro's quarterly net profit surged to $58.1 million, or $0.42 per share, from $43.6 million, or $0.29 per share, in the year-earlier period. Its sales rose 23% to $908.5 million. Excluding one-time items, Hasbro's earnings came in at $0.33 per share. Analysts were expecting earnings of $0.39 per share on sales of $848.8 million. Check Point Software Technologies Ltd CHKP reported upbeat Q1 results. The company posted its quarterly earnings, excluding one-off items, at $0.68 per share, up from $0.58 per share in the year-earlier period. Its revenue surged 15% to $300.6 million. Analysts were expecting earnings of $0.66 per share on revenue of $296 million. Halliburton Co HAL reported a 54% rise in its second-quarter net income. Halliburton's quarterly earnings jumped to $739 million, or $0.80 per share, from $480 million, or $0.53 per share, in the year-ago period. Its revenue climbed to $5.94 billion from $4.39 billion. Excluding one-time items, Halliburton's earnings came in at $0.81 per share. However, analysts were expecting earnings of $0.73 per share on revenue of $5.63 billion. MGIC Investment Corp MTG swung to a loss in the second quarter. MGIC reported quarterly a loss of $151.7 million, or $0.75 per share, versus a profit of $24.6 million, or $0.13 per share, in the year-ago period. Its revenue dropped 9.7% to $367 million. Analysts were expecting earnings of $0.02 per share on revenue of $346 million. MGIC's losses from mortgage defaults surged to $459.5 million from $320.1 million. PacWest Bancorp PACW reported its Q2 EPS at $0.35, versus the estimates of $0.27. Philips Electronics NV PHG swung to a second-quarter net loss of €1.34 billion ($1.89 billion), from a profit of €259 million in the year-ago period. Its sales dropped to €5.21 billion, from €5.35 billion in the year-earlier period. Analysts were expecting a net profit of €59.5 million on sales of €5.31 billion. The company also launched a €2 billion share buy-back program.