Medtronic (NYSE: MDT) reported a revenue increase of 60.6% and net income rise of 12.1% for Q3 2016 YoY. However, diluted EPS fell 21.4% to $0.77 from $0.98 the same quarter the previous year as diluted shares outstanding increased 42.8%. The revenue increase was primarily driven by the acquisition of Covidien (contributed 33% of total revenue). The cardiac & vascular, restorative therapies and diabetes segments grow 8.4%, 6.9% and 5.6% respectively.
Costco (NASDAQ: COST) posted a 2.6% rise in revenue and an 8.7% fall in net income for Q2 2016 YoY. As a result, diluted earnings per share fell 8.1% to $1.24 from $1.35 the same quarter the past year. Net income declined as merchandize costs, and selling, general & administrative expenses increased 2.4% and 6.1%, respectively. Overall, comparable store sales grew 1%.
Workday's (NYSE: WDAY) revenue rose 42.9% while net losses grew 36.4% for Q4 2016 YoY. Diluted losses per share increased 31.3% to $0.42 from $0.32 from the same quarter in 2015. Both subscription and professional services revenue grew but were offset by a rise in the cost of services, sales and marketing and SGA. The net loss resulted from total costs and expenses growing faster (at 43.5%) than revenue.
Staples (NASDAQ: SPLS) recorded a 6.4% drop in sales and 180.7% rise in net income for the fiscal year 2016. Diluted EPS rose 181% to $0.59 from $0.21 the past year. The rise in net income was driven by an 11.8% decline in operating expenses while the sales drop was led by revenue declines in the North American (8.7%) and International (16.3%) segments. Comparable store sales dropped 3%.
|