Earnings Roundup For June 1

Dollar General Corp DG reported a 15% rise in its fiscal first-quarter profit on Wednesday. Dollar General reported its quarterly earnings at $157 million, or $0.45 per share, up from $136 million, or $0.39 per share, in the year-earlier period. Its adjusted net income surged to $0.48 per share, from $0.42 per share. DG's sales increased 10.9% to $3.45 billion. Its sales at stores open at least a year, or same-store sales, surged 5.4%. However, analysts were expecting earnings of $0.50 per share on revenue of $3.42 billion. Dollar General continues to project adjusted 2011 earnings of $2.20 to $2.30 per share, versus analysts' estimates of $2.26 per share. Daktronics Inc DAKT reported upbeat fiscal fourth-quarter earnings. Daktronics reported its FQ4 net income at $3.0 million, or $0.07 per share, versus a net loss of $4.9 million, or $0.12 per share, in the year-ago period. Its net sales came in at $114.4 million, up from $92.0 million, in the year-earlier period. However, analysts were expecting earnings of $0.05 per share on revenue of $106.25 million. Daktronics' backlog at the end of the fiscal 2011 fourth quarter was around $131 million, versus around $127 million, in the year-earlier period. Jos. A. Bank Clothiers Inc JOSB reported a 13% rise in its fiscal first-quarter net profit on Wednesday. JOSB reported its quarterly net profit at $17.8 million, or $0.64 per share, up from $15.8 million, or $0.57 per share, in the year-earlier period. Its sales surged 8.5% to $193.3 million. JOSB's comparable store sales rose 0.1%. However, analysts were expecting earnings of $0.65 per share on sales of $194.8 million. Bombardier Inc BDRXF reported a 13% rise in its fiscal first-quarter profit on Wednesday. Bombardier reported its quarterly profit at $220 million, or $0.12 per share, up from $194 million, or $0.11 per share, in the year-earlier period. The company's sales climbed 9.3% to $4.66 billion. The company's overall backlog surged to $55.1 billion from $52.7 billion at the end of January. REX American Resources Corporation REX reported its FQ1 net income at $4.7 million, or $0.49 per share, up from $4.2 million, or $0.42 per share, in the year-ago period. Its income from continuing operations net of tax attributable to REX shareholders came in at $4.1 million, or $0.43 per share, up from $3.7 million, or $0.36 per share, in the year-ago period. REX's Q1 revenue surged 13.9% to $81.2 million from $71.3 million. Wolseley PLC WOSYY reported a 30% rise in its trading profit for the third quarter ending April 30 on Wednesday. Wolseley reported its trading profit at 131 million pounds ($215.5 million), up from 101 million pounds, in the year-earlier period. Its revenue increased 1% to 3.27 billion pounds, and increased 6% on a comparable basis. Wolseley's adjusted net debt dropped to 824 million pounds, from 1.34 billion pounds, in the year-earlier period. Read more from Benzinga's Markets.
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Posted In: EarningsNewsPre-Market OutlookMarketsApparel RetailConsumer DiscretionaryEarnings RoundupElectronic Equipment ManufacturersInformation Technology
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