On Thursday, Aeropostale Inc (NYSE:ARO)’s shares declined -3.33% to $2.03.
Aeropostale Inc (ARO) reported results for the first quarter of fiscal 2015, and provided guidance for the second quarter of fiscal 2015.
First Quarter Performance
For the first quarter of fiscal 2015, net sales decreased 20% to $318.6 million, from $395.9 million in the year ago period. Comparable sales, including the e-commerce channel, for the first quarter decreased 11%, compared to a decrease of 13% for the corresponding 13-week period ended May 3, 2014.
The Company reported a net loss for the first quarter of fiscal 2015 of $45.3 million, or $0.57 per diluted share, which included:
- an after-tax charge of $2.3 million, or $0.03 per diluted share, resulting from store closing costs, partially offset by
Second Quarter Guidance
For the second quarter of fiscal 2015, the Company expects operating losses in the range of $37.0 to $43.0 million, which translates to a net loss in the range of $0.52 to $0.60 per diluted share. The effective tax rate for the second quarter is projected to be approximately negative 2%. This outlook does not include the impact of any store impairments, accelerated store closure costs, or real estate consulting fees.
Use of Non-GAAP Measures
The Company believes that the disclosure of adjusted net loss and adjusted operating loss, which are non-GAAP financial measures, provides investors with useful information to help them better understand the Company’s results (see Exhibit C).
Aéropostale, Inc. operates as a specialty retailer of casual apparel and accessories for 14 to 17 year-old young women and men. It operates through two segments, Retail Stores and E-Commerce, and International Licensing.
Copart, Inc. (NASDAQ:CPRT)’s shares dropped -3.20% to $34.43.
Copart, Inc. (CPRT) stated financial results for the quarter and nine months ended April 30, 2015.
For the three months ended April 30, 2015, revenue, gross margin and net income were $297.1 million, $127.4 million and $57.6 million, respectively. These represent a decrease in revenue of $12.6 million, or 4.1%; a decrease in gross margin of $4.8 million, or 3.7%; and an enhance in net income of $16.7 million, or 40.8%, respectively, from the same quarter last year. Fully diluted earnings per share for the three months were $0.44 contrast to $0.31 last year, an enhance of 41.9%.
For the nine months ended April 30, 2015, revenue, gross margin and net income were $863.8 million, $364.6 million and $162.4 million, respectively. These represent a decrease in revenue of $12.3 million, or 1.4%; an enhance in gross margin of $13.0 million, or 3.7%; and an enhance in net income of $34.7 million, or 27.2%, respectively, from the same period last year. Fully diluted earnings per share for the nine months were $1.23 contrast to $0.97 last year, an enhance of 26.8%.
Copart, Inc. provides online auctions and vehicle remarketing services. The company offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology to vehicle sellers, primarily insurance companies, banks and financial institutions, charities, car dealerships, fleet operators, and vehicle rental companies.
At the end of Thursday’s trade, SM Energy Co (NYSE:SM)‘s shares dipped -3.16% to $51.52.
SM Energy Co (SM) will host a live webcast talk abouting technical aspects of the Company’s Eagle Ford program. A video webcast to talk about these matters is planned for May 14, 2015 at 8:00 a.m. Mountain time (10:00 a.m. Eastern time) and can be accessed at the Company’s website at www.sm-energy.com. A video recording of the webcast will be accessible at the Company’s website through June 14, 2015.
SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids in onshore North America.
Joy Global Inc. (NYSE:JOY), ended its Thursday’s trading session with -3.15% loss, and closed at $39.65.
Joy Global Inc. (JOY) declares that its board of directors has declared a quarterly dividend in the amount of $0.20 per share to be paid on June 18, 2015 to shareholders of record on June 4, 2015.
Joy Global Inc. is a worldwide leader in mining equipment and services for surface and underground mining.
Joy Global Inc. manufactures and services mining equipment for the extraction of coal, copper, iron ore, oil sands, gold, and other minerals. It operates in two segments, Underground Mining Machinery and Surface Mining Equipment. The Underground Mining Machinery segment produces armored face conveyors, battery haulers, continuous chain haulage systems, continuous miners, conveyor systems, feeder breakers, flexible conveyor trains, hard rock mining products, high angle conveyors, long wall shearers, powered roof supports, road headers, roof bolters, and shuttle cars.
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