Author Topic: US Earnings To Watch Jan 10 2017 $LW $SNX $LMNR $EXF $EXFO  (Read 731 times)

ThePitBoss

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Calls on Jan 10, 2017
LAMB WESTON HLD  LW    Before Open   N/A   0.55   N/A

SYNNEX CORP  SNX    After Market Close   N/A   2.09   N/A
LIMONEIRA CO  LMNR    After Market Close   N/A   -0.05   N/A
EXFO INC-TS  EXF    After Market Close   N/A   0.07   N/A
EXFO INC  EXFO    After Market Close   N/A   0.05   N/A

 


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ThePitBoss

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Lamb & Weston $LW Earnings To Watch Jan 10 2017
« Reply #1: January 10, 2017, 08:53:51 AM »
Lamb & Weston $LW Earnings

This is the first earnings report for $LW since they span off from Conagra on Nov. 9, 2016. $CAG span off the frozen potato, sweet potato, appetizer and vegetable products supplier segment to form $LW.

LW reported a rise in 2Q17 earnings on favorable price/mix and volume as well as supply chain efficiencies. Net income rose to $87.2MM or $0.59 per share from $73.3MM or $0.50 per share last year. Net sales grew to $790.7MM from $740.3MM. Adjusted EPS increased 26% to $0.63.

$LW said volume for 2Q17 rose 4 points as productivity programs and strong manufacturing plant performance stretched available capacity, allowing $LW to meet demand growth in both North America and international markets. Price/mix rose 3 points on pricing actions and favorable product and customer mix.

Guidance

$LW sees FY17 adjusted EBITDA including unconsolidated JV to grow at mid-teens rate, up from prior estimate of high single digit growth. This reflects solid sales growth and savings from supply chain efficiencies, partially offset by lower contribution from equity method investment earnings. Potato costs are expected to remain essentially flat.
 
$LW now expects FY17 net sales to grow at a mid-single-digit rate, up from a previous estimate of a low single digit increase, with a relatively balanced contribution from price/mix and volume. Adjusted EPS is now predicted to be $2.20-2.28. $LW sees total interest expense to be about $60MM and the effective tax rate to be about 34%.

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Synnex Corp SNX Earnings To Watch Jan 10 2017
« Reply #2: January 10, 2017, 06:17:12 PM »
Synnex Corp. SNX Earnings

SNX reported Tuesday a 37% jump in profit during its fiscal fourth quarter. Synnex reported profit of $85.3 million, or $2.13 a share, up from $62.2 million, or $1.56 a year earlier. Excluding certain items, adjusted profit increased to $2.57 from $1.80 a share a year earlier. Revenue, meanwhile, rose 9.5% to $3.89 billion.

It's Concentrix business, which provides outsourcing services including direct sales, customer service and technical support, saw revenue climb to $500.4 million from $373.6 million, boosted by the acquisition last year of the Minacs Group.

Guidance

For the current quarter SNX projects adjusted profit of $1.61 to $1.69 a share on $3.40 billion to $3.60 billion in sales. This is compared with analysts' projection of $1.66 a share on about $3.48 billion in sales, according to Thomson Reuters.
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Re: Synnex Corp SNX Earnings To Watch Jan 10 2017
« Reply #3: January 10, 2017, 06:17:33 PM »
Synnex Corp. SNX Earnings

SNX reported Tuesday a 37% jump in profit during its fiscal fourth quarter. Synnex reported profit of $85.3 million, or $2.13 a share, up from $62.2 million, or $1.56 a year earlier. Excluding certain items, adjusted profit increased to $2.57 from $1.80 a share a year earlier. Revenue, meanwhile, rose 9.5% to $3.89 billion.

It's Concentrix business, which provides outsourcing services including direct sales, customer service and technical support, saw revenue climb to $500.4 million from $373.6 million, boosted by the acquisition last year of the Minacs Group.

Guidance

For the current quarter SNX projects adjusted profit of $1.61 to $1.69 a share on $3.40 billion to $3.60 billion in sales. This is compared with analysts' projection of $1.66 a share on about $3.48 billion in sales, according to Thomson Reuters.

SNX Shares rose 0.54% to $122.80 in after-hours trading.
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