Earnings Reported After The Bell June 16

(RTTNews) - Here is a quick summary of the earnings reported after the bell on June 16. All these stocks listed below and many more have been researched already, and a few stocks have been short-listed as potential gainers. Click here to find out more...

1.DAVIDsTEA Inc (DTEA)

First-quarter net loss was C$93.2 million or C$7.73 per share, compared with a profit of C$1.4 million or C$0.07 per share last year.

Excluding items, adjusted earnings for the quarter were C$0.04 per share, compared with C$0.06 per share a year ago.

The company's sales for the quarter increased 29 percent to C$35.8 million from C$27.8 million in the prior year.

Comparable sales increased 6.3 percent.

For the second quarter, DAVIDsTEA projects sales of C$30 million to C$31 million and adjusted loss of C$0.09 to C$0.08 per share.

For the fiscal year 2015, the company expects sales of C$170 million to C$174 million and adjusted earnings of C$0.33 to C$0.38 per share.

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2.Bob Evans Farms, Inc. (BOBE)

Net income for the fourth quarter was $5.6 million or $0.24 per share, compared to $13.0 million or $0.53 per share for the year-ago quarter.

Excluding items, adjusted net income from continuing operations was $13.2 million or $0.56 per share, compared to $11.8 million or $0.48 per share in the prior year quarter.

Net sales for the fourth quarter rose to $332.39 million from $326.37 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.41 per share on revenue of $330.97 million for the fourth quarter. Analysts' estimates typically exclude special items.

Looking forward to the fiscal year 2016, the company forecasts net sales of $1.34 billion to $1.41 billion and adjusted earnings of $1.75 to $1.95 per share. Analysts currently expect the company to earn $1.86 per share on revenue of $1.37 billion for the fiscal year 2016.

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3.Adobe Systems Inc (ADBE)

Second-quarter net earnings were $147.5 million or $0.29 per share, compared with $88.5 million or $0.17 per share last year.

Adjusted earnings for the quarter were $0.48 per share, compared with $0.37 per share a year ago.

Revenues for the quarter were $1.16 billion, compared with $1.07 billion in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.45 per share on revenues of $1.16 billion for the quarter. Analysts' estimates typically exclude special items.

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4. Iteris, Inc. (ITI)

Net loss in the fourth quarter was $766,000 or $0.03 per share, compared to net income $50,000 or $0.00 per share in the year-ago quarter.

Non-GAAP net loss in the fourth quarter was $200,000 or $0.01 per share, compared to net income of $50,000 or $0.00 per share in the year-ago quarter.

Total revenues in the fourth quarter increased 2% to $18.0 million from $17.6 million in the year-ago quarter.

Analysts expected the company to report net income of $0.00 per share on revenues of $19.15 million for the period.

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5.La-Z-Boy Inc. (LZB)

Net income for the fourth quarter was $20.2 million or $0.39 per share, compared to $12.2 million or $0.23 per hare for the year-ago quarter.

Income from continuing operations for the fourth quarter was $19.8 million or $0.38 per share, compared $14.6 million or $0.27 per share in the prior year quarter.

Excluding items, adjusted income from continuing operations was $0.38 per share in the fourth quarter, compared to $0.33 per share in the fourth quarter of fiscal 2014.

Sales for the fourth quarter rose 6.2% to $374.94 million from $353.02 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.38 per share on revenue of $379.13 million for the fourth quarter. Analysts' estimates typically exclude special items.

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