ap reports in-line with preannouncement; guides FY18 EPS just below consensus, revs in-line (23.97 -0.90)
- Reports Q4 (Jan) earnings of $0.51 per share, in-line with the Capital IQ Consensus of $0.51; revenues rose 1.0% year/year to $4.43 bln vs the $4.39 bln Capital IQ Consensus. The company's fourth quarter fiscal year 2016 comparable sales were up 2 percent compared with a decline of 7 percent last year.
- Preannounced EPS $0.50-0.51 vs. $0.45 consensus; rev $4.43 bln vs. $4.4 bln consensus on Feb 6.
- Co issues guidance for FY18, sees EPS of $1.95-2.05, excluding non-recurring items, vs. $2.06 Capital IQ Consensus Estimate; sees FY18 revs of flat to slightly down from $15.5 bln vs. $15.43 bln Capital IQ Consensus Estimate. The company also noted that comparable sales for fiscal year 2017 are expected to be flat to up slightly. Net sales are expected to be slightly below this range driven by an expected negative impact from foreign currency fluctuations year-over-year. The company noted that it expects its reported diluted earnings per share for the first half of fiscal year 2017 to be down in the high single digits when compared with the adjusted diluted earnings per share for the first half of fiscal year 2016.