Nordstrom, MAXIMUS And InterCloud Systems Release Earnings

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Specialty retailer Nordstrom, Inc. (NYSE:JWN) reported third-quarter financial results after the closing bell yesterday. The company reported earnings per diluted share of $0.69, compared with $0.71 for the same quarter last year. Net earnings were $137 million compared with $146 million for the same quarter in 2012. Q3 total Nordstrom same store sales increased 0.1 percent and total company net sales of $2.8 billion increased 2.9 percent compared with the prior year’s same quarter. For the year thus far, earnings per diluted share of $2.35 increased 8.3 percent compared with $2.17 for the same period last year. Yearly up till 2 November net earnings were $466 million compared with $451 million for the same period last year.

The company’s senior management will host a conference call to discuss third-quarter 2013 results and 2013 outlook at 4:45 p.m. Eastern Standard Time today.

Government services provider MAXIMUS, Inc. (NYSE:MMS) released fourth-quarter and full year fiscal 2013 numbers this morning which saw revenue for the quarter grow by 28 percent to $384.3 million, compared to revenue of $300.7 million reported for the same quarter in 2012. Organic revenue growth was 23 percent. Income from continuing operations (net of taxes) totaled $35.6 million, or $0.51 per diluted share. This translates into a 50 percent increase compared to $0.34 reported for Q4 of 2012.

We are very pleased with the solid financial results for the fourth quarter and fiscal year. Over the last year, we achieved important milestones under our three long-term growth objectives of securing our fair share of work related to the Affordable Care Act, growing our federal services business, and expanding our international operations,” commented Richard A. Montoni, Chief Executive Officer of MAXIMUS.

Small-cap tech company InterCloud Systems Inc. (NASDAQ:ICLD) saw shares rise sharply this morning on the heels of the company’s third-quarter report released yesterday after the bell. Revenue for the quarter increased by $13.2 million, or 448 percent, to $16.2 million versus $3.0 million for the Q3 of 2012. The company attributed the increase in revenue to organic growth and the acquisitions closed during the past year. Gross profit totaled $5.5 million, compared to $1.2 million for the same period in 2012. Net income came in at $1.3 million, or $0.26 earnings per share and $0.12 diluted earnings per share, compared to a net loss of $0.8 million, or $2.16 per share, in the same period last year.

Our third quarter results reflect the integration of our completed acquisitions, and the success of InterCloud’s cross selling plan,” said Mark Munro, Chief Executive Officer of InterCloud Systems. “InterCloud now offers a full set of cloud and managed services as well as professional services focused on providing end-to-end network solutions for both carriers and enterprises. We continue to be well positioned for growth into 2014.”

Shares are up by over 200 percent in today’s trading thus far.

Disclosure: Author represents that she has no position in any stocks mentioned in this article at the time this article was submitted.