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News

Earnings: Intuit, Marvell Technology, Nordstrom (INTU, MRVL, JWN)

Mike Deane Feb 19, 2015


After the bell on Thursday, a number of big name, dividend paying companies announced their quarterly earnings. Below, we look at these earnings reports and break down the important points for investors.


Intuit Posts Q2 Loss; Beats Estimates


Intuit (INTU ) reported second quarter revenues of $808 million, up from last year’s Q2 revenues of $782 million. Analysts expected Q2 revenues of $786.6 million. The company delivered a net loss for the quarter, which came in at $66 million, or 23 cents per share, which is worse than last year’s Q2 loss of $37 million, or 13 cents per share. On an adjusted basis, INTU reported a net loss of 6 cents per share, which was better than analysts’ estimates of 13 cents per share. Looking ahead, INTU sees FY2015 EPS in the range of $2.45-$2.50, which is in-line with analysts’ estimates of $2.47.


Marvell Technology Beats EPS Estimates


Marvell Technology (MRVL ) reported fourth quarter net income of $81.7 million, or 16 cents per share, down from last year’s Q4 figures of $97.13 million, or 19 cents per share. On an adjusted basis, MRVL reported EPS of 25 cents, which came in above the 24 cent analyst expectation. Revenue for the quarter came in at $857.45 million, down from last year’s $931.75 million, and below analysts’ revenue expectations of $889.9 million.


Nordstrom Misses Q4 Estimates; Guides Below Views


Nordstrom (JWN ) reported fourth quarter sales of $3.94 billion, up from last year’s Q4 sales of $3.6 billion, but below the analyst expectation of $4.01 billion. Net income for the quarter came in at $255 million, or $1.32 per diluted share, which is below last year’s Q4 figures of $268 million, or $1.37 per diluted share. Analysts were expecting EPS of $1.35. Looking ahead, JWN sees EPS in the range of $3.65-$3.80 for FY2015, which is far below analysts’ views of $4.11.

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