Earnings After The Bell: Dec.3

(RTTNews) - Here is a quick summary of the earnings reported after the bell on Dec.3

Pacific Sunwear Loss Narrower Than Estimates

Tilly's Q3 Profit Down, But Tops View

New York & Co Loss Narrower Than Estimates

Aeropostale Q3 Loss Widens

SeaChange Slips To Loss In Q3

PVH Profit Tops Estimate; Cuts FY Guidance

Guess Profit Falls, Yet Tops Estimate; Cuts FY Guidance

Verint Systems Q3 Profit Down, But Tops View

American Software Q2 Profit Drops

Synopsys Profit Tops Estimate; Q1 Outlook Strong

Avago Results Top Estimate, Q1 Revenue Outlook Strong; Stock Up 6%

Innovative Solutions & Support Swings to Loss In Q4

Axalta Coating Reports Q3 Loss

1. Specialty retailer Pacific Sunwear of California Inc (PSUN) reported third-quarter net loss of $469 thousand or $0.01 per share compared with a profit of $17 million or $0.23 per share last year.

Excluding items, adjusted loss for the quarter was $0.03 per share compared with a loss of $0.05 per share a year ago.

Revenues for the quarter were $212.3 million compared with $202.8 million in the prior year.

Analysts polled by Thomson Reuters estimated a loss of $0.04 per share on revenues of $208 million for the quarter. Analysts' estimates typically exclude special items.

For the fourth quarter, the company expects adjusted loss of $0.17 to $0.12 per share on revenues of $218 million to $227 million. Analysts expect a loss of $0.12 per share on revenues of $221.7 million.

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2. Tilly's, Inc. (TLYS) reported third-quarter net income of $5.1 million or $0.18 per share, down from last year's profit of $6.1 million or $0.22 per share.

Sales for the quarter rose to $131.3 million from $123.8 million last year.

Analysts polled by Thomson Reuters currently estimate earnings of $0.11 per share on revenues of $125.18 million for the quarter.

Looking forward to the fourth quarter, the company expects comparable store sales to be flat to negative low single digits and earnings of $0.15 to $0.19 per share. Analysts currently estimate earnings of $0.18 per share.

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3. Specialty apparel chain New York & Co Inc (NWY) reported third-quarter net loss of $9.7 million or $0.15 per share compared with a loss of $3.4 million or $0.05 per share last year.

Excluding items, adjusted loss for the quarter was $0.11 per share.

Revenues for the quarter were $210.3 million compared with $217.6 million in the prior year.

Analysts polled by Thomson Reuters estimated a loss of $0.13 per share on revenues of $210 million for the quarter. Analysts' estimates typically exclude special items.

For the fourth quarter, the company expects adjusted earnings to be about breakeven, and sales and comparable store sales to be flat to down in the low single-digit percentage versus last year. Analysts expect earnings of $0.07 per share on revenues of $266.5 million.

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4. New York-based apparel retailer Aeropostale Inc. (ARO) reported third-quarter loss of $52.3 million or $0.66 per share, wider than last year's loss of $25.6 million or $0.33 per share.

Adjusted loss, which excludes special items, for the quarter was $35.2 million or $0.45 per share. On average, 23 analysts polled by Thomson Reuters expected a loss of $0.45 per share for the second quarter. Analysts' estimates typically exclude special items.

Net sales for the quarter dropped to $452.9 million from $514.6 million last year. Analysts had a consensus revenue estimate of $444.73 million for the quarter.

Looking forward to the fourth quarter, the company expects loss of $0.37 to $0.44 per share. Analysts currently estimate loss of $0.36 per share for the quarter.

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5. SeaChange Slips To Loss In Q3

SeaChange International, Inc. (SEAC) reported third-quarter net loss of $6.31 million or $0.19 share versus earnings of $577000 or $0.02 per share a year ago.

Revenue for the period was reported at $30.0 million compared with $37.8 million last year.

Analysts expected the company to report net loss of $0.08 per share on revenues of $30.78 million for the period.

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6. PVH Corp. (PVH) reported third-quarter net earnings of $225.7 million or $2.71 per share, compared with $196.7 million or $2.37 per share last year.

Excluding items, adjusted earnings for the quarter were $2.56 per share, compared with $2.30 per share a year ago.

On average, 19 analysts polled by Thomson Reuters estimated earnings of $2.48 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter were $2.23 billion, compared with $2.26 billion in the prior year. Fourteen analysts had a consensus revenue estimate of $2.26 billion for the quarter.

For the fourth quarter, PVH projects adjusted earnings of $1.71 to $1.76 per share on revenues of about $2.1 billion. Analysts currently expect earnings of $1.91 per share on revenues of $2.18 billion.

For the full year, the company now expects adjusted earnings of $7.25 to $7.30 per share, down from prior guidance of $7.30 to $7.40 per share. It now expects revenues of about $8.3 billion, down from prior guidance of $8.4 billion.

Analysts currently expect earnings of $7.37 per share on revenues of $8.38 billion for the year.

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7. Guess? Inc (GES) reported third-quarter net earnings of $20.8 million or $0.24 per share compared with $34 million or $0.40 per share last year.

Revenues for the quarter were $589.8 million compared with $613.5 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.18 per share on revenues of $595 million for the quarter. Analysts' estimates typically exclude special items.

For the fourth quarter, Guess projects earnings of $0.53 to $0.63 per share on revenues of $695 million to $710 million. Analysts expect earnings of $0.69 per share on revenues of $747 million.

For the full year, the company now expects earnings of $1.00 to $1.10 per share on revenues of $2.42 billion to $2.43 billion. It earlier expected earnings of $1.05 to $1.20 per share on revenues of $2.44 billion to $2.48 billion.

Analysts expect earnings of $1.10 per share on revenues of $2.47 billion for the year.

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8. Verint Systems Inc (VRNT) reported third-quarter net income of $10.7 million or $0.17 per share, down from $22.5 million or $0.42 per share last year.

Total revenues for the quarter rose to $282.6 million from $224.3 million last year.

Adjusted earnings for the quarter rose to $0.84 per share from $0.80 per share last year.

Analysts polled by Thomson Reuters expected earnings of $0.75 per share on revenues of $286.6 million for the quarter. Analysts' estimates typically exclude one-time items.

Looking forward to the full year 2015, the company continues to see adjusted earnings of $3.35 to $3.50 per share. Verint now sees revenues of $1.140 billion to $1.165 billion, compared to prior outlook of $1.13 to $1.18 billion. Analysts currently see earnings of $3.42 per share on revenues of $1.16 billion.

For the full year 2016, Verint expects adjusted earnings of $3.65 to $3.85 per share on revenues of $1.225 billion to $1.275 billion. Analysts currently estimate earnings of $3.75 per share on revenues of $1.26 billion.

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9. American Software Q2 Profit Drops American Software, Inc. (AMSWA) reported GAAP net earnings for the second quarter of $1.2 million or $0.04 per share, a decrease of 68% from $3.69 million or $0.13 per share in the same period last year.

Adjusted net earnings for the quarter were $1.8 million or $0.06 per share compared to $4.0 million or $0.14 per share for the same period last year.

Total revenues for the period were $24.6 million, a decrease of 9% over $26.9 million in the comparable period last year.

Analysts expected the company to report net income of $0.09 per share on revenues of $27.19 million for the period.

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10. Synopsys Inc (SNPS) reported fourth-quarter net earnings of $62.5 million or $0.39 per share compared with $56.9 million or $0.36 per share last year.

Excluding items, adjusted earnings for the quarter were $0.64 per share compared with $0.56 per share a year ago.

Revenues for the quarter were $539 million compared with $505 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.61 per share on revenues of $541.9 million for the quarter. Analysts' estimates typically exclude special items.

For the first quarter, the company expects adjusted earnings of $0.61 to $0.63 per share on revenues of $535 million to $545 million. Analysts expect earnings of $0.61 per share on revenues of $518.4 million.

For the full year, the company expects adjusted earnings of $2.67 to $2.72 per share on revenues of $2.19 billion to $2.23 billion. Analysts expect earnings of $2.70 per share on revenues of $2.21 billion.

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11. Semiconductor company Avago Technologies Ltd (AVGO) reported fourth-quarter net earnings of $135 million or $0.50 per share compared with $172 million or $0.68 per share last year.

Excluding items, adjusted earnings for the quarter were $1.99 per share compared with $0.89 per share a year ago.

Revenues for the quarter were $1.59 billion compared with $738 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $1.68 per share on revenues of $1.55 billion for the quarter. Analysts' estimates typically exclude special items.

Avago completed the acquisitions of LSI Corp in May and of PLX Technology Inc in August. The company also recently completed its dispositions of LSI's flash and Axxia networking businesses.

For the first quarter, Avago expects revenues to be flat to up 4 percent on a sequential basis. Analysts expect revenues of $1.51 billion.

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12. Innovative Solutions & Support Swings to Loss In Q4

Innovative Solutions & Support, Inc. (ISSC) reported fourth-quarter net loss of $2.1 million or $(0.12) per share, compared to net income of $0.2 million, or $0.01 per share in the year ago quarter.

Revenue for the period was $9.9 million compared to $8.0 million last year.

Analysts expected the company to report net income of $0.04 per share on revenues of $10.58 million for the period.

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13. Axalta Coating Reports Q3 Loss

Axalta Coating Systems Ltd. (AXTA) reported net loss in the third quarter of $19.9 million or $0.09 per share versus profit of $5 million or $0.02 per share in the year ago quarter.

Net sales were $1.1 billion for the third, an increase of 3.2% from $1.07 billion in the same quarter a year ago.

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