Thus, gross profit margins (gross profit divided by sales) and net profit margins (net income divided by sales) should both be analyzed.
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The performance criteria used to determine the annual bonuses for the named executive officers were net sales and operating income as determined in accordance with generally accepted accounting principles.
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Over the past five years Apple has grown net income and sales a compounded 64.21 and 44.81 percent respectively.
Monstanto rallied 1.8% after better-than-expected sales and net income.
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Although costs for things such as new store openings were higher than anticipated in the quarter, Best Buy stood by their original forecasts for sales, net income and expenses for the year.
Still, Toyota managed a 14.2% increase in net income even as sales rose just 1%.
Construction supplies retail and wholesale store Fastenal posted third quarter earnings before the bell on Thursday, growing net income 29% and sales 20% on an expanded store-count and continued demand for their products.
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Slightly higher this morning as well is Southwest Airlines (LUV), which reported a 32% rise in sales and 16% rise in net income.
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While net income was above consensus estimates, both sales and margins were a cause for concern.
For the six months ended July 1, sales are up 45%, and net income, 175%.
Last week, BYD reported that its third-quarter net income plunged by 99 percent on weak sales.
First Data owns Western Union and is also the top credit-card transaction processor in the U.S. Sales grew 12% in 2002 and net income was up 42%.
This will further negatively impact sales growth as well as operating profit and net income.
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Last month Pep Boys reported that its fiscal-third-quarter net income rose nearly 23% on stronger tire sales and improving service sales.
The first half of 2003, ahead of the hot summer, brought no relief, with year-on-year sales off 7% and operating profit and net income down 10% and 34% respectively.
But for the first three quarters of 2010, a 42% increase in sales brought just a 42% increase in net income, and per-share results rose only 37% due to a rise in shares outstanding.
Despite robust sales gains, the cost of jet fuel caused net income to fall short of Wall Street forecasts.
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It sells at eight times my estimate of 2009 earnings, five times cash flow (in the sense of net income plus depreciation) and 1.8 times annual sales.
Costco (COST) on the other hand, announced that net income rose 2.6% with 10% higher comparable sales and is opening lower due to missed expectations.
Monsanto (MON) announced that net income increased by 22 percent during the second quarter due to strong sales of its biotech seeds.
In corporate news this week, Best Buy (BBY) announced that net income during the quarter fell by 90 percent, due to weak sales and restructuring charges.
The stock also looks relatively less expensive according to the price-to-sales, price-to-cash flow (in the sense of net income plus depreciation) and enterprise multiples.
Net income rose 6.3% to 1.4 bn euros while sales jumped 20% to 9.7bn euros, driven in part by sales of its Bottega Veneta handbags.
Robust sales in foreign markets as well as lower costs drove a 4% rise in net income.
Lorillard (LO) announced that third-quarter net income increased by 6 percent due to higher pricing that offset a decline in cigarette sales.
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