Earnings Reported After The Bell Sept. 24

(RTTNews) - Here is a quick summary of earnings reported after the bell on September 24, 2015.

Bed Bath & Beyond Inc (BBBY) reported Q2 net income of $201.7 million compared to $224 million last year. Earnings for the quarter were $1.21 per share, compared with $1.17 per share last year, reflecting a lower share count.

On average, 24 analysts polled by Thomson Reuters expected earnings of $1.21 per share for the quarter. Analysts' estimates typically exclude special items.

The company's sales for the quarter rose 1.7% to $3 billion from $2.95 billion a year ago. Same-store sales were up 0.7 percent.

Twenty-one analysts had a consensus sales estimate of $3.03 billion for the quarter.

Looking ahead, the company projects third-quarter earnings of $1.14 - $1.21 per share, while analysts expect $1.19 per share.

Comparable sales are expected to increase 1% - 3% in the third and fourth quarters of fiscal 2015, the company said.

Bed Bath & Beyond continues to expect full-year earnings-per-share between a relatively flat and a mid-single digit percentage increase.

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Corporate uniform supplier Cintas Corp (CTAS) reported first-quarter net earnings of $100.2 million or $0.88 per share compared with $110.1 million or $0.93 per share last year.

Earnings from continuing operations for the quarter were $0.93 per share.

Revenues for the quarter were up 8.8% at $1.2 billion compared with $1.1 billion in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.90 per share on revenues of $1.17 billion for the quarter. Analysts' estimates typically exclude special items.

Operating margin improved to 15.5% from 14.8% last year.

For the full year 2016, the company now expects adjusted earnings of $3.79 to $3.88 per share on revenues of $4.80 billion to $4.88 billion. Earlier it expected earnings of $3.74 to $3.83 per share on revenues of $4.70 billion to $4.78 billion.

Analysts expect earnings of $3.85 per share on revenues of $4.78 billion for the year.

The company said the updated guidance reflects its first quarter results and the recent acquisition of Zee Medical.

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Nike Inc. (NKE), the world's largest athletic shoes and apparel maker, reported first-quarter net income of $1.2 billion or $1.34 per share, compared to $962 million or $1.09 per share for the year-ago quarter.

On average, 27 analysts polled by Thomson Reuters expected the company to earn $1.19 per share for the first quarter.

Gross margin for the quarter improved to 47.5% from 46.6% a year ago, mainly due to higher average selling prices and continued growth in the higher margin Direct to Consumer business.

Revenue for the first quarter rose 5% to $8.41 billion from $7.98 billion last year amid continued strong demand for Nike brands, surpassing the $8.21 billion consensus estimate of 24 analysts. In constant currency, the company's first quarter revenue rose 14%.

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MAM Software Group Inc. (MAMS) reported fourth-quarter net income of $750 thousand or $0.06 per share compared to a loss of $72 thousand or $0.01 per share in the prior year period.

Revenues increased to $7.90 million from the previous year's $7.89 million.

"In summary, I believe that the Company is fundamentally in good shape and is poised for growth in fiscal 2016. Our balance sheet remains strong with the generation of nearly $3.0 million in operating cash flow for the fiscal year and no debt outstanding," said Charles Trapp, Executive Vice President and Chief Financial Officer. "We delivered on our commitment for adjusted EBITDA (non-GAAP), reaching approximately $5 million during fiscal 2015. We expect adjusted EBITDA for fiscal year 2016 to increase to approximately $5.8 million to $6.0 million from the $5.0 million reported in 2015."

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Home furnishing retailer Pier 1 Imports Inc. (PIR) reported second-quarter net earnings of $3.2 million or $0.04 per share compared with $9.2 million or $0.10 per share last year.

Revenues for the quarter were up 2.7% at $430 million compared with $418.6 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.07 per share on revenues of $435.4 million for the quarter. Analysts' estimates typically exclude special items.

Company comparable sales increased 2.5% in the quarter.

For the third quarter, the company expects earnings of $0.10 to $0.14 per share and comparable sales growth in the low-single digit. Analysts expect earnings of $0.23 per share.

For the full year 2016, the company now expects earnings of $0.56 to $0.64 per share and comparable sales growth in the low single-digit. Earlier it expected earnings of $0.83 to $0.87 per share and comparable sales growth of 3% to 5%.

Analysts expect earnings of $0.83 per share for 2016.

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Contract electronics manufacturer Jabil Circuit Inc. (JBL) reported a fourth-quarter profit of $87.7 million or $0.45 per share, compared to a loss of $26.2 million or $0.13 per share last year a ago.

Excluding one-time items, core earnings for the quarter rose to $103.2 million or $0.53 per share from $10.2 million or $0.05 per share last year. On average, 11 analysts polled by Thomson Reuters expected earnings of $0.45 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the fourth quarter rose to $4.68 billion from $4.06 billion a year ago. Analysts had a consensus revenue estimate of $4.55 billion for the quarter.

For the first quarter, Jabil expects core earnings of $0.72 to $0.88 per share and revenues of $5.1 billion to $5.3 billion. Analysts currently expect earnings of $0.61 per share on revenues of $4.91 billion for the quarter.

For the full year 2016, Jabil anticipates core earnings of around $2.60 per share and revenues of about $20 billion. Analysts currently estimate earnings of $2.37 per share on revenues of $19.29 billion for 2016.

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Aehr Test Systems (AEHR) reported first-quarter net income of $294 thousand or $0.02 per share compared to a loss of $907 thousand or $0.08 per share in the prior year period.

Non-GAAP net income was $613 thousand or $0.04 per share compared to a loss of $710 thousand or $0.06 per share in the same period of last year.

Net sales were $6.63 million compared to $3.56 million generated a year ago.

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Internap Corp. (INAP) said it expects third quarter revenue to be $77.5 million to $79 million.

For the full year 2015, the Atlanta, Georgia-based IT infrastructure services provider now expects revenue of $320 million to $325 million, compared to its prior guidance of $331 million to $337 million.

Analysts polled by Thomson Reuters currently expect the company to post revenue of $83.92 million for the third quarter and $331.78 million for the full year 2015.

Michael Ruffolo, President and Chief Executive Officer of Internap, said, "While we have built a strong sales funnel for MIRO Controller, revenue contribution for 2015 will likely be lower than previously anticipated as orders are pushed into 2016 due to customer budget cycles. We remain on a path towards the generation of sustainable positive free cash flow, as early as the fourth quarter of 2015, driven by stable bookings despite headwinds from the strengthening US dollar."

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AAR Corp. (AIR) reported first-quarter net income of $22.9 million or $0.65 per share, compared to $14.4 million or $0.36 per share for the year-ago quarter.

Income from continuing operations for the first quarter was $8.2 million or $0.23 per share,compared to $11.8 million or $0.29 per share in the prior year quarter.

Sales for the first quarter fell to $377.8 million from $395.1 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.23 per share on revenue of $409.50 million for the first quarter. Analysts' estimates typically exclude special items.

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SunLink Health Systems Inc. (SSY) reported fourth-quarter net income from continuing operations of $112,000 or $0.01 per share, compared to $673,000 or $0.07 per share, for the quarter ended June 30, 2014.

Net earnings for the quarter were $92,000, or $0.01 per share, compared to $1.35 million or $0.14 per share, for the prior year quarter.

Net Revenues rose to $22.9 million from $21.5 million reported in the same period of last year.

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Espey Mfg. & Electronics Corp. (ESP) reported fourth-quarter net income of $546,455 or $0.23 per share, compared to a loss of $698,204 or $0.31 per share for the corresponding period of last year.

For the fourth quarter ended June 30, 2014, net sales increased to $8.97 million from $7.09 million generated a year earlier.

Patrick Enright, President and CEO, commented,

"Our performance in fiscal year 2015 is a direct result of focus on the capture and execution of long-range programs. We have improved contract execution, with increased customer satisfaction and growth in new orders from existing customers as concrete evidence we are on the correct path. We anticipate fluctuation in quarterly new sales orders due to continued competitive pressure in the defense and industrial markets we serve. Targeting long-range programs will provide stability to our order backlog and a foundation for sustained, profitable growth."