Body Central Corp. (Nasdaq: BODY) released results for its first quarter, and the profits impressed investors, but amazed most analysts, who had predicted prices per share.
Net revenue for the clothing company was placed at $82.7 million, which was an increase of 11.8% from the first quarter results of $74 million for the last year. Furthermore, sales in its stores increased by 12% to reach 70.9 million. Income that was gotten from operations for the store was put at $9.5 million, and this was an increase from the $8.8 million that was gotten in 2011’s first quarter.
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However, shares for the clothing company fell to $ 18.50, a drop of 36%, after Piper Jeffrey and William Blair both cut their stocks. It is this that had most analysts talking since shares had been expected to go up.
In this last quarter, the firm had a profit of $130.4 million, up from $124.7 million. Its net sales also did well, reaching $2.25 billion. Sales of skin care products increased by around 14% from the previous quarter, and the Clinique and Lauder brands had the best profit margins.
Another company that also had a great showing was Dolby Laboratories, Inc. (NYSE:DLB) The company beat estimates provided by analysts after its shares surged by more than 20% to close the market at $45.22. This was after it signed an agreement with Microsoft that all its products would be used in all versions of Windows 8 OS.
Kraft Food Inc. (NYSE:KFT) is another company that also performed well as its earnings rose by 1.8%; higher prices in foods, and especially packaged foods, boosted sales, and it is this that led to higher profits. However, increased costs of inputs threatened the profits margins, and its shares also slipped to $39.40, a drop of 0.5%. Its income rose to $183 million, around 46 cents a share, as opposed to last year’s performance of around $799 million. Its total revenue also rose to $13.09 billion, an increase of around 4.1%.