Earnings Roundup

Lululemon Athletica Inc LULU reported a rise in its fiscal third-quarter earnings. Lululemon's quarterly earnings surged to $38.8 million, or $0.27 per share, from $25.7 million, or $0.18 per share, in the year-earlier period. Its revenue rose to $230 million from $176 million. However, analysts were expecting earnings of $0.25 per share on revenue of $235.7 million. Lululemon expects Q4 earnings in the range of $0.40 to $0.42 per share, versus analysts' estimates of $0.42 per share. Talbots Inc TLB swung to a third-quarter loss and announced its plans to reduce 9% of its corporate headcount. It also announced its plans to close 110 stores by 2013. Talbots posted a quarterly loss of $22 million, or $0.32 per share, versus year-ago income of $17 million, or $0.24 per share. Talbot's adjusted loss came in at $0.22 per share. Its sales dropped to around $280 million from $299 million. However, analysts were expecting a loss of $0.16 per share on sales of $271.3 million. Talbots November same-store sales fell 4%. Kroger Co KR reported a 1% drop in its third-quarter net income. Kroger's quarterly net income declined to $195.9 million, or $0.33 per share, from $202.2 million, or $0.32 per share, in the year-earlier period. Its revenue surged to $20.6 billion from $18.7 billion. However, analysts were expecting earnings of $0.31 per share on revenue of $20.4 billion. Kroger's raised its 2011 profit forecast to a range of $1.95 to $2 per share, versus its prior view of $1.85 to $1.95 per share. However, analysts expected earnings of $1.95 per share. Canadian Imperial Bank of Commerce CM reported a 59% surge in its fiscal fourth-quarter profit. CIBC's quarterly earnings surged to C$794 million, or C$1.89 per share, from C$500 million, or C$1.17 per share, in the year-ago period. Excluding one-time items, CIBC's cash earnings were C$1.87 a share. However, analysts were expecting a profit of C$1.81 per share. CIBC's net income dropped 1.7% versus C$808 million in the third quarter. Its total revenue fell 1.6% to C$3.2 billion. Bombardier Inc BDRBF reported upbeat results in its fiscal third quarter. Bombardier's quarterly earnings surged to $192 million, or $0.11 per share, from $147 million, or $0.08 per share, in the year-ago period. However, analysts were expecting earnings of $0.10 per share. Its revenue climbed to $4.6 billion from $4.0 billion, versus analysts' estimates of $4.53 billion. Barnes & Noble Inc BKS reported strong rise in its sales of its Nook e-readers. Its sales of the Nook group of devices, including e-books, surged 85% to $220 million in its fiscal second quarter ended Oct. 29. Barnes & Noble posted a quarterly net loss of $6.6 million, or $0.17 per share, versus a year-ago loss of $12.6 million, or $0.22 per share. Movado Group Inc MOV lifted its full-year adjusted earnings view. For the full year, Movado projects an adjusted profit of $0.93 to $0.98 per share, versus its earlier view of $0.60 to $0.65 per share. Movado's third-quarter earnings climbed to $16.4 million, or $0.65 per share, from $12.8 million, or $0.52 per share, in the year-ago period. Its sales gained 16% to $142.6 million. Toronto-Dominion Bank TD reported a rise in its fourth-quarter profit. Toronto-Dominion Bank's quarterly net income surged to C$1.57 billion, or C$1.69 per share, from C$994 million, or C$1.07 per share, in the year-ago period. Adjusted for gains and losses, TD Bank's earnings came in at C$1.77 per share. However, analysts were expecting earnings of C$1.53 per share. TD's revenue surged 13% to C$5.67 billion. Sycamore Networks Inc SCMR reported a narrower fiscal first-quarter loss. Sycamore Networks posted a quarterly loss of $1.6 million, or $0.06 per share, versus a year-ago loss of $6.5 million, or $0.23 per share. Excluding certain items, Sycamore Networks' loss came in at $0.03 per share. Its revenue surged 31% to $15.4 million. Sycamore Networks' gross margin surged to 59.3% from 41.2%. J. Crew Group Inc reported a 43% drop in its fiscal third-quarter earnings. J. Crew's quarterly profit dropped to $21.6 million, from a year-ago profit of $37.8 million. Its revenue climbed 12% to $479.6 million. Its same-store company sales jumped 5%.