Earnings Roundup For May 16 (LOW, JCP, FXCM, MTU, VAL, VIT, SIHI, SORL, ESLT, TTT)

Lowe's Companies LOW reported a 5.7% decline in its fiscal first-quarter net income. The company's quarterly profit dropped to $461 million, from $489 million, in the year-ago period. Its earnings per share came in at $0.34 per share. Its shares outstanding dropped 7.8% to 1.33 billion. The company's sales declined to $12.19 billion from $12.39 billion. However, analysts were expecting earnings of $0.36 per share on sales of $12.54 billion. J.C. Penney Company Inc JCP reported its Q1 profit at $64 million, or $0.28 per share, from $60 million, or $0.25 per share, in the year-earlier period. The company's sales increased 0.4% to $3.94 billion. Its comparable sales surged 3.8%. However, analysts were expecting earnings of $0.26 per share. The company projects its Q1 profit of $0.20 to $0.24 per share and $2.15 to $2.25 per share for the year. However, analysts expected Q2 profit of $0.22 per share and $2.09 for the year. FXCM Inc FXCM reported its Q1 EPS of $0.18, versus the estimates of $0.20. FXCM reported its revenue of $94.7 million, versus the estimates of $78.2 million. Mitsubishi UFJ Financial Group Inc MTU reported a 50% jump in its net profit for the fiscal year ended March. The group's net profit increased to Y583.08 billion, versus a net profit of Y388.73 billion, in the year-earlier period. The group's operating revenue declined 10% to Y4.529 trillion from Y5.040 trillion. The group projects its current fiscal-year net profit of Y600 billion. Valspar Corp VAL reported its Q2 EPS of $0.64, versus the estimates of $0.64. VAL reported its revenue of $992.7 million, versus the estimates of $950.76 million. VanceInfo Technologies Inc VIT reported its Q1 EPS of $0.20, versus the estimates of $0.21. VIT reported its Q1 revenue of $57.4 million, versus the estimates of $57.27 million. Sinohub Inc SIHI reported its Q1 EPS of $0.12, versus the estimates of $0.12. SORL Auto Parts Inc SORL reported upbeat first-quarter results and issued better-than-expected second-quarter revenue projections. SORL reported its Q1 net income attributable to stockholders at $4.9 million, or $0.25 per share, up from $3.6 million, or $0.19 per share, in the year-ago period. The company's revenue increased to $52 million from $38.6 million. However, analysts expected earnings of $0.24 per share on revenue of $49.7 million. The company projects its Q2 net income of around $6.1 million on sales of around $65 million. However, analysts were projecting Q2 sales of $64.1 million. Elbit Systems Ltd ESLT reported its Q1 EPS of $0.65, versus the estimates of $1.24. ESLT reported its revenue of $620.3 million, versus the estimates of $700 million. Terra Nova Royalty Corp TTT reported its Q1 EPS of $0.05. TTT reported its revenue of $133.84 million. Read more from Benzinga's Markets.