Earnings Roundup

Home Depot Inc HD reported a 14% rise in its fiscal-second-quarter net income. Home Depot's quarterly profit surged to $1.36 billion, from $1.19 billion, in the year-ago period. Its earnings per share rose to $0.86 from $0.72. Shares outstanding dropped 5.2% to 1.58 billion. Home Depot's sales climbed to $20.23 billion from $19.41 billion. However, analysts were expecting a profit of $0.83 per share on revenue of $19.97 billion. Home Depot lifted its forecast for the year. It now projects continuing operations to generate profit of $2.34 per share, versus analysts' estimates of $2.30 per share. Wal-Mart Stores Inc WMT reported a 5.7% rise in its fiscal second-quarter net income. Wal-Mart's net income surged to $3.8 billion from $3.6 billion. Its earnings per share rose to $1.09 from $0.97. Its net sales rose 5.5% to $108.64 billion. However, analysts were expecting earnings of $1.08 per share on revenue of $108.1 billion. Wal-Mart reported a 0.9% decline in its US discount stores open at least a year during its second quarter. Dick's Sporting Goods Inc DKS reported a 43% rise in its net income for the second quarter. Dick's reported its quarterly earnings at $73.8 million, or $0.59 per share, up from $51.5 million, or $0.43 per share, in the year-ago period. Excluding one-time gain, Dick's earnings came in at $0.52 per share. Its revenue climbed 7% y/y to $1.31 billion from $1.23 billion. However, analysts were expecting earnings of $0.50 per share on revenue of $1.32 billion. Dick's revenue from stores open at least a year surged 2.5%. Dick's now expects adjusted earnings between $1.94 and $1.96 per share for the fiscal year, up from its earlier forecast of $1.91 to $1.93 per share. Analysts expected earnings of $1.94 per share. TJX Companies Inc TJX reported a rise in its Q2 profit on Tuesday. TJX reported its quarterly net income at $348 million, or $0.90 per share, up from $304.98 million, or $0.74 per share, in the year-ago period. Its sales climbed 8% to $5.5 billion. TJX also lifted its full-year profit forecast. Saks Inc SKS reported lower-than-expected second-quarter loss. Saks posted a quarterly loss at $8.4 million, or $0.05 per share, versus a loss of $32.2 million, or $0.21 per share, in the year-ago period. Excluding an impairment charge, pension charge and other items, Saks' adjusted loss came in at $7.6 million, or $0.05 per share. Its revenue climbed 13% y/y to $670.2 million from $593.1 million. However, analysts were expecting a loss of $0.09 per share on revenue of $657.4 million. Saks' revenue at stores open at least a year surged 15.5%. Towers Watson & Co TW reported a 25% drop in its fiscal fourth-quarter earnings. Towers Watson's quarterly profit dropped to $43.9 million, or $0.59 per share, from $58.1 million, or $0.77 per share, in the year-ago period. Excluding one-time items, Towers Watson's earnings came in at $1.06 per share. Its revenue climbed 14% to $851.3 million. The company had estimated earnings of $0.99 to $1.02 per share on revenue between $787 million and $817 million in May. Towers Watson projects current-quarter earnings of $1.02 to $1.07 per share on revenue of $800 million to $825 million. However, analysts expected earnings of $1.06 per share on revenue of $808 million. Aluminum Corp of China Limited ACH reported a 127.8% surge in its pretax profit in the first half. Its revenue climbed 10.9% in the first half.