Signet Jewelers Slumps 10% On Revenue Miss (HAS, HNZ, PDCO, SIG, MMYT)
Hasbro, Inc. (NASDAQ:HAS) has pushed back the theatrical release for “G.I. Joe: Retaliation” by nine months, after a disappointing opening weekend performance for “Battleship” in the U.S. and Canada. The company now plans to release the G.I. Joe sequel on March 29, 2013, to allow time for the film to be processed for the 3D format which should strengthen the film’s gross sales as 3D screenings command a premium over regular ticket admission.
H.J. Heinz Company (NYSE:HNZ) shares fell 1.60% to $53 in the pre-market hour trading after the company posted fourth-quarter net income of $175.34 million or $0.54 per share from $223.86 million or $0.69 per share last year. Adjusted net income totaled $261.47 million or $0.81 per share for the latest quarter. Quarterly sales grew 5.6% to $3.05 billion. Analysts expected earnings per share of $0.79 on revenues of $3.07 billion for the quarter.
Patterson Companies, Inc. (NASDAQ:PDCO) posted fourth quarter profit of $62.14 million from $62.71 million in the same quarter last year. Earnings per share rose to $0.58 from $0.53 in the same quarter a year ago. Net sales grew 6% year-over-year to $936.33 million. Analysts expected the company to report earnings of $0.56 per share on revenues of $915.62 million.
Signet Jewelers Ltd. (NYSE:SIG) shares fell 10.43% to $42.77 in the pre-market session after the company posted first quarter net income of $82.5 million or $0.96 per share, up from $75.4 million or $0.87 per share in the year-ago period. Sales edged up 1.4% to $900.0 million from $887.3 million in the year-ago period. Analysts expected earnings per share of $0.91 on revenue estimate of $912.29 million.
Looking ahead, the company expects second quarter earnings per share in a range of $0.78 to $0.84 and same-store sales in the mid to high single digit range. Analysts expect the company to report earnings of $0.90 per share for the quarter.
Leave a Reply