4:49PM Foot Locker reports EPS in-line, beats on revs; reaffirms FY09 EPS in-line (FL) 12.08 -0.18 : Reports Q1 (Apr) earnings of $0.14 per share, excluding non-recurring items, in-line with the First Call consensus of $0.14; revenues fell 0.5% year/year to $1.31 bln vs the $1.28 bln consensus. Co reaffirms in-line guidance for FY09, sees EPS of $0.65-0.85, excluding non-recurring items, vs. $0.70 consensus.
4:37PM Ixys beats dual analyst EPS estimate by $0.21; beats on revs (IXYS) 7.95 +0.48 : Reports Q4 (Mar) earnings of $0.32 per share, $0.21 better than the dual analyst estimate of $0.11; revenues rose 7.0% year/year to $79.3 mln vs the $78 mln consensus.
4:26PM CA Inc misses by $0.06, reports revs in-line; guides FY09 EPS above consensus, revs above consensus (CA) 24.17 +0.45 : Reports Q4 (Mar) earnings of $0.22 per share, $0.06 worse than the First Call consensus of $0.28; revenues rose 8.0% year/year to $1.08 bln vs the $1.09 bln consensus. Co issues upside guidance for FY09, sees EPS of $1.45-1.52 vs. $1.32 consensus; sees FY09 revs of $4.5-4.6 bln vs. $4.42 bln consensus.
4:20PM Ditech misses by $0.38, beats on revs; guides Q1 revs in-line (DITC) 2.56 +0.05 : Reports Q4 (Apr) loss of $0.49 per share, excluding non-recurring items, $0.38 worse than the First Call consensus of ($0.11); revenues fell 59.9% year/year to $7.7 mln vs the $7.3 mln consensus. Co issues in-line guidance for Q1, sees Q1 revs of $6-9 mln vs. $8.90 mln consensus.
4:08PM Aruba Networks reports EPS in-line, revs in-line (ARUN) 6.28 -0.29 : Reports Q3 (Apr) loss of $0.01 per share, in-line with the First Call consensus of ($0.01); revenues rose 22.8% year/year to $42.6 mln vs the $42.7 mln consensus. "Gross margins were strong in the third quarter, reflecting a favorable mix of products and our compelling value proposition to our customer... Moving forward, we will look to continue to drive top and bottom line growth, while investing in key R&D and sales and marketing initiatives."
4:07PM Verigy beats by $0.04, reports revs in-line; guides Q3 EPS above consensus, revs above consensus (VRGY) 22.09 +0.19 : Reports Q2 (Apr) earnings of $0.23 per share, $0.04 better than the First Call consensus of $0.19; revenues fell 11.5% year/year to $162 mln vs the $161.6 mln consensus. Co issues upside guidance for Q3, sees EPS of $0.24-0.29 vs. $0.19 consensus; sees Q3 revs of $170-180 mln vs. $159.12 mln consensus.
4:03PM Pacific Sunwear reports EPS in-line, revs in-line; guides Q2 EPS below consensus; guides FY09 EPS below consensus (PSUN) 10.11 0.07 : Reports Q1 (Apr) loss of $0.10 per share, excluding non-recurring items, in-line with the First Call consensus of ($0.10); revenues fell 0.4% year/year to $266.9 mln vs the $266.5 mln consensus. Co issues downside guidance for Q2, sees EPS of $0.03-0.08 vs. $0.12 consensus. Co issues downside guidance for FY09, sees EPS of $0.59-0.64 vs. $0.67 consensus.
4:03PM Zumiez beats by $0.02, reports revs in-line; reaffirms FY09 EPS guidance (ZUMZ) 19.20 +0.01 : Reports Q1 (Apr) earnings of $0.05 per share, $0.02 better than the First Call consensus of $0.03; revenues rose 14.4% year/year to $78.7 mln vs the $78.1 mln consensus. Co reaffirms guidance for FY09, sees EPS of $0.90-0.93 vs. $0.92 consensus. Comparable store sales decreased 0.8% for the first quarter of fiscal 2008 compared to an 11.3% increase in the first quarter of fiscal 2007.
4:02PM Aeropostale beats by $0.01; guides Q2 EPS in-line (ARO) 32.72 -0.03 : Reports Q1 (Apr) earnings of $0.26 per share, $0.01 better than the First Call consensus of $0.25; revenues rose 21.9% year/year to $336.3 mln (as preannounced). Co issues in-line guidance for Q2, sees EPS of $0.22-0.24 vs. $0.24 consensus.
4:01PM Hibbett Sporting beats by $0.05, beats on revs; reaffirms FY09 EPS guidance (HIBB) 17.83 -0.54 : Reports Q1 (Apr) earnings of $0.32 per share, $0.05 better than the First Call consensus of $0.27; revenues rose 9.0% year/year to $145.8 mln vs the $142 mln consensus. Co reaffirms guidance for FY09, sees EPS of $0.88-1.00 vs. $0.96 consensus.
10:39AM India Globalization Capital reaffirms guidance (IGC) 4.97 +0.07 : Co reaffirms "... projected year-over-year growth of over 300% and expected revenue between $110 to $125 mln for FYE March 31, 2009, and with basic EPS between $0.80 to $1.00 per share, we are currently trading at approximately 5 times earnings while our peer group is trading significantly higher. Therefore, it is imperative that we clarify and present the value in our growing business to a wide base of investors."
8:44AM Evergreen Solar signs new sales contracts of approximately $1 bln (ESLR) 9.10 : Co announces it has signed two new long-term sales contracts. Yesterday, Evergreen Solar and German-based Ralos Vertriebs GmbH signed an agreement valued at approximately $750 mln for panel deliveries beginning in 2008 and extending through 2013. Combined with another agreement signed last week with a United States-based installer, Evergreen has new contractual backlog of approximately $1 bln.
8:39AM Barnes & Noble reports in line; guides Q2 EPS in-line; reaffirms FY09 EPS guidance, lowers comparable sales guidance (BKS) 29.95 : Reports Q1 (Apr) earnings of $0.05 per share, in-line with the First Call consensus of $0.05; revenues rose 1.1% year/year to $1.16 bln vs the $1.17 bln consensus. Co issues in-line guidance for Q2, sees EPS of $0.08-0.13 vs. $0.09 consensus. Co reaffirms guidance for FY09, sees EPS of $1.70-1.90 vs. $1.79 consensus. Based on lower than expected first quarter sales results and the overall retail sales environment, the co is lowering its full-year comparable store sales guidance at Barnes & Noble stores from slightly positive to slightly negative. Additionally, due to the difficult comparison against last year's July release of Harry Potter and the Deathly Hallows, second quarter comparable store sales are expected to decrease in the low to mid-single digits.
8:37AM Ship Finance Intl misses by $0.03 (SFL) 32.27 : Reports Q1 (Mar) earnings of $0.82 per share, $0.03 worse than the First Call consensus of $0.85; reports total operating revs of $121.9 mln.
8:36AM Toro beats by $0.01, misses on revs; reaffirms FY08 EPS guidance, revs guidance (TTC) 40.52 : Reports Q2 (Apr) earnings of $1.60 per share, $0.01 better than the First Call consensus of $1.59; revenues fell 7.0% year/year to $638.5 mln vs the $652.3 mln consensus. Co reaffirms guidance for FY08, sees EPS of flat to down 5% from $3.40, which equates to approx $3.23-3.40 vs. $3.24 consensus; sees FY08 revs of equivalent to Y07's revs of $1876.9 bln vs. $1.85 bln consensus.
8:35AM Gamestop beats by $0.03, beats on revs; guides Q2 EPS in-line; guides FY09 EPS in-line (GME) 50.84 : Reports Q1 (Apr) earnings of $0.38 per share, excluding non-recurring items, $0.03 better than the First Call consensus of $0.35; revenues rose 41.8% year/year to $1.81 bln vs the $1.72 bln consensus. Co reports Q1 comparable store sales of +27% vs +24-25% company guidance. Co issues in-line guidance for Q2, sees EPS of $0.26-0.28 vs. $0.26 consensus; sees comparble store sales +12-14%. Co guides for FY09, sees EPS of $2.30-2.39 vs. $2.33 consensus, prior guidance $2.25-2.34; reaffirms comparable store sales guidance of +10-12%.
8:31AM Spire to provide turnkey solar module manufacturing line to BTCP in Russia (SPIR) 15.97 : Co announces that it has received a contract from Bogoroditsk Plant of Techno-Chemical Products to provide a photovoltaic module assembly line for the company's operations in Russia.
8:01AM The Buckle beats by $0.04, beats on revs (BKE) 48.85 : Reports Q1 (Apr) earnings of $0.61 per share, $0.04 better than the First Call consensus of $0.57; revenues rose 32.4% year/year to the previously reported $160.3 mln. Co reports Q1 comparable store net sales up 25.6%.
7:48AM B.O.S. Better Online Solutions reports Q1 revs +164% to $14.2 mln; EPS ($0.01) vs ($0.05) in yr ago period (BOSC) 1.52 :
7:35AM Bon-Ton Stores beats by $0.22; lowers FY09 guidance (BONT) 7.44 : Reports Q1 (Apr) loss of $2.03 per share, $0.22 better than the First Call consensus of ($2.25); revenues fell 5.1% year/year to $700.2 mln (as previously reported). Co lowers guidance for FY09, sees EPS of $0.00-0.30, down from $0.20-0.45 vs. ($0.35) consensus. For FY09 co sees comparable store sales decrease in the range of 2.5% to 3.5%... For the first quarter of fiscal 2008, comparable store sales decreased 4.6%. Total sales for the first quarter of fiscal 2008 decreased 5.1% to $700.2 million compared to $737.6 million for the same period last year. The gross margin rate for the first quarter of fiscal 2008 increased 0.5 percentage point to 34.0% of net sales, compared to 33.5% reported in the first quarter of fiscal 2007, primarily reflecting our inventory management efforts and resultant reduced markdowns.
7:34AM Stein Mart beats by $0.21 (SMRT) 5.09 : Reports Q1 (Apr) earnings of $0.17 per share, $0.21 better than the First Call consensus of ($0.04); as previously announced, revenues fell 6.4% year/year to $352.1 mln. "If these sales trends persist, we will have to take steeper markdowns in the second quarter in order to reach our goal of keeping inventories current. And while we were able to reduce expenditures in the first quarter, there will be less opportunity for savings in the second quarter."
7:34AM Dick's Sporting Goods misses by $0.01, misses on revs; guides Q2 EPS below consensus; guides FY09 EPS below consensus (DKS) 26.54 : Reports Q1 (Apr) earnings of $0.17 per share, excluding $0.01 pretax gain on sale of a corporate aircraft, $0.01 worse than the First Call consensus of $0.18; revenues rose 10.7% year/year to $912.1 mln vs the $925.8 mln consensus. Co issues downside guidance for Q2, sees EPS of $0.34-0.38 vs. $0.43 consensus; co sees comparable store sales down 4-7%. Co issues downside guidance for FY09, sees EPS of $1.22-1.36, compared to previous guidance of $1.49-1.54, vs. $1.50 consensus; co sees comparable store sales down 3-5%.
7:34AM Barrier Therapeutics announces agreement with Procter & Gamble (BTRX) 2.42 : Co announces that it will package its seborrheic dermatitis treatment Xolegel Gel, 2%, with Procter & Gamble (PG) Head & Shoulders anti-dandruff shampoo as Xolegel Duo. Under the terms of the deal, P&G will supply Barrier Therapeutics with 1.7oz bottles of Head & Shoulders shampoo for inclusion in Xolegel Duo and Barrier Therapeutics will handle all logistics of assembling the kits, as well as wholesaler distribution, pricing, and overall marketing, promotion and sale. Barrier Therapeutics will continue to book sales and receive all proceeds from the sale of Xolegel Duo.
7:31AM Hormel Foods beats by $0.01, reports revs in-line; reaffirms FY08 EPS guidance (HRL) 40.98 : Reports Q2 (Apr) earnings of $0.56 per share, $0.01 better than the First Call consensus of $0.55; revenues rose 5.9% year/year to $1.59 bln vs the $1.58 bln consensus. Co reaffirms guidance for FY08, sees EPS of $2.30-2.40 vs. $2.37 consensus.
7:31AM CDC Corp to continue share repurchase initiative (CHINA) 3.54 : The co announces its intent to implement a new 10b5-1 trading plan to repurchase additional CDC shares after the co's trading window opens. Additionally, China.com, a majority-owned subsidiary of CDC Corporation, has recommended that its minority shareholders approve a plan to acquire up to $10 mln of CDC shares.
7:29AM Cato misses by $0.02; reaffirms Q2 EPS guidance; guides FY09 EPS in-line (CTR) 14.76 : Reports Q1 (Apr) earnings of $0.58 per share, $0.02 worse than the First Call consensus of $0.60; revenues rose 0.8% year/year to $225.8 mln. Co reaffirms guidance for Q2, sees EPS of $0.28-0.33 vs. $0.24 consensus. Co issues in-line guidance for FY09, sees EPS of $0.80-0.95 vs. $0.87 consensus.
7:05AM AnnTaylor beats by $0.01; reaffirms FY09 EPS guidance (ANN) 26.77 : Reports Q1 (Apr) earnings of $0.47 per share, $0.01 better than the First Call consensus of $0.46; revenues rose 2.0% year/year to $591.7 mln. Co reaffirms guidance for FY09, sees EPS of $1.80-1.90 vs. $1.88 consensus.
7:04AM Casual Male misses by $0.02, misses on revs; reaffirms FY09 EPS and revs guidance (CMRG) 4.24 : Reports Q1 (Apr) net of breakeven, $0.02 worse than the First Call consensus of $0.02; revenues fell 2.7% year/year to $107.6 mln vs the $110.2 mln consensus. Co reaffirms guidance for FY09, sees EPS of $0.25-0.30 vs. $0.24 consensus; sees FY09 revs of $470-480 mln vs. $474.33 mln consensus. Comparable sales for the thirteen week period ended May 3, 2008 decreased 2.0% when compared to the same thirteen week period of the prior year.
7:03AM Tech Data beats by $0.01, beats on revs; guides Q2 revs above consensus (TECD) 36.90 : Reports Q1 (Apr) earnings of $0.43 per share, $0.01 better than the First Call consensus of $0.42; revenues rose 12.3% year/year to $6.07 bln vs the $5.74 bln consensus. Co issues upside guidance for Q2, sees Q2 revs of $6.0-6.2 bln vs. $5.66 bln consensus.
7:03AM Zale reports EPS in-line (ZLC) 18.64 : Reports Q3 (Apr) loss of $0.42 per share, in-line with the First Call consensus of ($0.42); revenues rose 6.2% year/year to $477 mln.
7:02AM New York & Co beats by $0.01; guides Q2 EPS in-line; guides FY09 EPS in-line (NWY) 7.18 : Reports Q1 (Apr) earnings of $0.11 per share, $0.01 better than the First Call consensus of $0.10; revenues fell 1.5% year/year to $270.1 mln. Co issues in-line guidance for Q2, sees EPS of $0.05-0.10 vs. $0.08 consensus. Co issues in-line guidance for FY09, sees EPS of $0.44-0.54 vs. $0.52 consensus.
6:47AM Children's Place beats by $0.16 (PLCE) 28.35 : Reports Q1 (Apr) earnings of $0.66 per share, $0.16 better than the First Call consensus of $0.50; revenues rose 12.4% year/year to $400.2 mln. Co said, "During the quarter, we exited the Disney Store business at cash costs that are expected to be at the low end of our previously disclosed range of $50 million to $100 million."
6:32AM Sanderson Farms beats by $0.37, reports revs in-line (SAFM) 44.00 : Reports Q2 (Apr) earnings of $0.30 per share, $0.37 better than the First Call consensus of ($0.07); revenues rose 23.8% year/year to $433.9 mln vs the $435.3 mln consensus. Co said, "Like others in our industry, the Company's financial results were affected by feed grain costs, which were significantly higher than they were in the same period a year ago, and higher than the first quarter of this year. We expect this trend to continue with feed grain costs projected to remain high and volatile at least through fiscal 2009. Despite these higher costs, we continue to focus on improving the efficiency with which we operate, and the number of pounds we have to leverage into the market to absorb these costs.
6:19AM Flowers Foods beats by $0.04, beats on revs; raises FY08 guidance (FLO) 25.46 : Reports Q1 (Mar) earnings of $0.39 per share, $0.04 better than the First Call consensus of $0.35; revenues rose 10.9% year/year to $676.7 mln vs the $666.5 mln consensus. Co raises guidance for FY08, to EPS of $1.15-1.23 from $1.07-1.17 vs. $1.14 consensus; raises FY08 revenue guidance to $2.22-2.27 bln from $2.21-2.258 bln vs. $2.23 bln consensus.
6:09AM Stage Stores reports EPS in-line, revs in-line; guides Q2 EPS above consensus, revs in-line; guides FY08 EPS in-line, revs in-line (SSI) 12.97 : Reports Q1 (Apr) earnings of $0.06 per share, in-line with the First Call consensus of $0.06; revenues fell 1.3% year/year to $353.5 mln vs the $355.7 mln consensus. Co issues mixed guidance for Q2, sees EPS of $0.17-0.23 vs. $0.15 consensus; sees Q2 revs of $360-368 mln vs. $367.57 mln consensus. Co issues in-line guidance for FY08, sees EPS of $1.04-1.24 vs. $1.14 consensus; sees FY08 revs of $1.57-1.59 bln vs. $1.59 bln consensus. Chief executive comments that Q208 comps store sales will be down between 3.0% and 5.0%; forecasts 2H08 comp store sales will be down in the range of 1.0% to 3.0%.
5:30AM Suntech Power beats by $0.07, beats on revs; guides Q2 revs above consensus (STP) 46.26 : Reports Q1 (Mar) earnings of $0.35 per share, excluding non-recurring items, $0.07 better than the First Call consensus of $0.28; revenues rose 76.1% year/year to $434.5 mln vs the $378 mln consensus. Co issues upside guidance for Q2, sees Q2 revs of $430-440 mln vs. $426.62 mln consensus. Co reports gross margin increased 22.2% in Q108 compared to 19.0% for Q107. Non-GAAP gross margin reached 22.5% compared with 19.9% for Q107. PV cell production capacity was 540MW at end of Q1. Co is on track to reach 1GW PV cell production capacity by YE08.
2:22AM Frontline beats by $0.12, ex-items; beats on revs (FRO) 67.89 : Reports Q1 (Mar) earnings of $2.50 per share, excludes gain on sale of assets and partial spin-off of subsidiary of $37.0 mln, $0.12 better than the First Call consensus of $2.38; revenues rose 44.1% year/year to $393.5 mln vs the $392.45 mln consensus.
12:42AM Global Sources beats by $0.03, beats on revs; guides Q2 EPS in-line, revs in-line (GSOL) 16.47 : Reports Q1 (Mar) earnings of $0.14 per share, excluding non-recurring items, $0.03 better than the First Call consensus of $0.11; revenues rose 16.2% year/year to $40.6 mln vs the $39.9 mln consensus. Co issues in-line guidance for Q2, sees EPS of $0.19-0.21, excluding non-recurring items, vs. $0.20 consensus; sees Q2 revs of $62.0-63.0 mln vs. $61.50 mln consensus. For 1H08, co expects revenue of $102.6-103.6 mln; sees non-GAAP EPS of $0.33-0.35.
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