Earnings Roundup

Macy's Inc M reported a 12% rise in its fiscal fourth-quarter net income. Its same-store sales climbed 5.2%. Macy's quarterly earnings surged to $745 million, or $1.74 per share, from $667 million, or $1.55 per share, in the year-ago period. Its sales climbed to $8.72 billion from $8.27 billion. However, analysts were expecting a profit of $1.65 per share on revenue of $8.72 billion. For fiscal 2013, Macy's projects to earn $3.25 to $3.30 per share, versus analysts' estimates of $3.27 per share. Saks Inc SKS reported a rise in its fourth-quarter net profit. Saks' quarterly net profit climbed to $36.9 million, or $0.21 per share, from $24.9 million, or $0.14 per share, in the year-ago period. Its sales climbed to $925.1 million from $866.3 million. Saks projects comparable-store sales to grow 5% to 7% in 2012. Medtronic Inc MDT posted a 1.2% rise in its fiscal third-quarter earnings. Medtronic narrowed its earnings forecast to $3.44 to $3.47 per share, versus $3.43 to $3.50 per share. Medtronic's quarterly profit surged to $935 million, or $0.88 per share, from $924 million, or $0.86 per share, in the year-ago period. Excluding certain items, Medtronic earned $0.84 per share. Medtronic's revenue rose 1.6% to $3.92 billion. However, analysts were expecting earnings of $0.84 per share on revenue of $3.98 billion. Home Depot Inc HD posted a 32% surge in its fiscal fourth-quarter net income. Its same-store sales climbed 5.7%. Home Depot's quarterly earnings rose to $774 million, or $0.50 per share, from $587 million, or $0.36 per share, in the year-ago quarter. Its sales surged to $16.01 billion from $15.13 billion. However, analysts were expecting a profit of $0.42 per share on sales of $15.5 billion. Medco Health Solutions Inc MHS posted a 12% rise in its fourth-quarter net income. Medco Health's quarterly profit surged to $424.4 million, or $1.08 per share, up from $378.5 million, or $0.88 per share, in the year-ago quarter. Its adjusted earnings came in at $1.25 per share. Medco Health's shares outstanding declined 8.3% to 394.7 million. Its net revenue climbed to $18.99 billion from $16.93 billion. However, analysts were expecting a profit of $1.17 per share on revenue of $17.38 billion. Kraft Foods Inc KFT posted a rise in its fourth-quarter net profit. Kraft Foods' quarterly net profit climbed to $830 million, or $0.47 per share, from $540 million, or $0.31 per share, in the year-earlier period. Its revenue gained 6.6% to $14.69 billion, from $13.77 billion. Kraft Foods' adjusted profit came in at $0.57 per share. However, analysts were expecting earnings at $0.57 per share on revenue of $14.8 billion. Wal-Mart Stores Inc WMT reported a 15% drop in its fourth-quarter net income. Wal-Mart's quarterly earnings fell to $5.16 billion, or $1.50 per share, from $6.06 billion, or $1.70 per share, in the year-ago quarter. Its earnings from continuing operations came in at $1.51 per share. Its net sales surged 5.8% to $122.29 billion. However, net revenue, including membership fees and other income, rose to $123.17 billion from $116.36 billion. Analysts were expecting a profit of $1.46 per share on revenue of $123.92 billion. RadioShack Corp RSH posted a 79% drop in its fourth-quarter profit. RadioShack's quarterly profit dipped to $11.9 million, or $0.12 per share, from $57 million, or $0.51 per share, in the year-earlier period. Its net sales climbed 5.9% to $1.39 billion. The company earlier expected a profit of $0.11 to $0.13 per share on revenue of $1.39 billion. Mylan Inc MYL posted a surge in its fourth-quarter earnings. Mylan's quarterly profit climbed to $129.5 million, or $0.30 per share, from $2.59 million, or $0.01 per share, in the year-ago period. Excluding one-time items, Mylan earned $0.53 per share. Its revenue rose 6.7% to $1.53 billion. However, analysts were expecting earnings of $0.50 per share on revenue of $1.56 billion. Walter Energy Inc WLT posted an 8.8% drop in its fourth-quarter earnings. Walter Energy's quarterly profit fell to $83.8 million, or $1.34 per share, from $91.9 million, or $1.72 per share, in the year-ago period. Its revenue jumped 75% to $699.6 million, versus analysts' estimates of $730 million. Walter Energy's gross margins declined to 34.9% from 52%. Dollar Thrifty Automotive Group Inc DTG posted a strong rise in its fourth-quarter earnings. Dollar Thrifty projects earnings of $4.60 to $5.20 per share for 2012 and $1.15 to $1.40 per share for the first quarter. However, analysts were expecting 2012 earnings of $4.82 per share and Q1 earnings of $0.79 per share. Dollar Thrifty's fourth quarter profit climbed to $33.9 million, or $1.08 per share, from a year-ago profit of $12.5 million, or $0.41 per share. Excluding one-time charges, Dollar Thrifty earned $1.09 per share, versus analysts' estimates of $0.76 per share. Dollar Thrifty's revenue climbed 1.3% to $353.7 million, versus analysts' estimates of $356 million. Pandora A/S PNDZY posted a 10% decline in its fourth-quarter net profit, and projects drop in sales in 2012. Pandora's quarterly net profit dropped to DKK555 million, from DKK619 million, in the year-ago period. Its adjusted net profit fell 45% to DKK340 million. However, analysts were expecting a net profit of DKK374.3 million. Its EBIT declined 39% to DKK475 million, versus analysts' estimates of DKK475.8 million. Pandora's group sales dropped 15% to DKK1.95 billion, from DKK2.30 billion in the year-ago quarter, versus analysts' expectations of DKK2.03 billion. Fresenius SE FSNUY posted a rise in its 2011 earnings. Fresenius' fourth-quarter revenue climbed to EUR4.43 billion, versus EUR4.15 billion, in the year-ago period. Fresenius SE's 2011 net profit climbed 9.6% y/y to EUR205 million. Fresenius SE expects sales growth of 10% to 13% in 2012 and a net income growth of 8% to 11% in constant currency. Fresenius Medical Care AG FMS expected rise in sales and earnings in 2012. FMC projects 2012 revenue of about $14 billion and net profit of around $1.14 billion. FMC's fourth-quarter net profit surged 14% to $310 million. Its earnings per share climbed 14% to $1.02. FMC's net revenue rose to $3.32 billion. FMC shares dropped 2.24% to $70.16 in pre-market trading. Alibaba.com ALBCF posted a 6% drop in its net profit for the fourth quarter. Alibaba.com's quarterly net profit fell to 385.9 million yuan ($61 million), from 410.4 million yuan, in the year-ago period. Its revenue came in at 1.659 billion yuan.