Cost Plus Inc. (CPWM) reported Thursday that its net loss from continuing operations for the third quarter of fiscal 2009 came to $22.3 million, or $1.01 per share, compared to a net loss of $24.0 million, or $1.09 per share, last year. Analysts surveyed by Thomson Reuters had expected a loss of $1.10 per share. Cost Plus also said net sales for the quarter totaled $181.9 million, a 10.4% decrease from the year-ago period. Same store sales for the quarter decreased 9.1% due in part to lower furniture sales and a relatively flat customer count.
Diamond Foods Inc. (DMND) reported a record profit of $0.88 per share for the first quarter of fiscal 2010. That was 38% higher than a year ago and topped the analysts' consensus forecast of $0.81 per share. Net sales for the quarter came to $180.6 million, 8% lower than in the prior year, due in part to a late walnut crop harvest. Diamond's forecast for the fiscal year are EPS of $1.72 to $1.82 and revenue of $585 million to $605 million, which is in line with analysts' expectations.
Marvell Technology Group Ltd. (MRVL) said Thursday that net revenue for the third quarter of fiscal 2010 grew 25% from the previous quarter and 2% from a year ago to $803.1 million. The net income came to $231.8 million, or $0.35 per share, topping expectations of $0.27 per share, and up 59% from a year ago. Marvell also reported sequential growth in gross margin and cash flow from operations.
Toll Brothers Inc. (TOL) posted a fourth-quarter net loss of $111.4 million, or $0.68 per share for fiscal 2009, which was wider than both the year-ago loss and analysts' expectations. But excluding write-downs and charges, the loss was only loss was $9.6 million. Revenue fell 30% to $486.6 million, but beat the consensus estimate of $450.1 million. For its full fiscal year, Toll Brothers reported a net loss of $755.8 million, or $4.68 per share. But the homebuilder also said the number of signed sales contracts rose 42% and the cancellation rate declined to 7%.
Marvell Tech and Toll Brothers shares were up in Friday morning trading.
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