Earnings - 21st May 2008

5:16PM Perry Ellis beats by $0.05, beats on revs; guides FY09 EPS in-line, revs in-line (PERY) 24.36 -0.09 : Reports Q1 (Apr) earnings of $0.60 per share, $0.05 better than the First Call consensus of $0.55; revenues rose 6.4% year/year to $243.5 mln vs the $233.7 mln consensus. Co issues in-line guidance for FY09, sees EPS of $1.95-2.00 vs. $1.99 consensus; sees FY09 revs of $910-925 mln vs. $922.26 mln consensus.


5:15PM Limited beats by $0.03, reports revs in-line; guides Q2 EPS in-line; guides FY09 EPS in-line (LTD) 18.31 -0.40 : Reports Q1 (Apr) earnings of $0.11 per share, excluding non-recurring items, $0.03 better than the First Call consensus of $0.08; revenues fell 16.7% year/year to the previously announced on 05/08 revs of $1.93 bln vs the $1.91 bln consensus. Co issues in-line guidance for Q2, sees EPS of $0.16-0.20 vs. $0.18 consensus. Co issues in-line guidance for FY09, sees EPS of $1.38-1.58 vs. $1.41 consensus.

4:35PM Nordson beats by $0.14, beats on revs; guides Q3 EPS above consensus, revs above consensus (NDSN) 61.14 -1.08 : Reports Q2 (Apr) earnings of $0.97 per share, $0.14 better than the First Call consensus of $0.83; revenues rose 21.9% year/year to $294.1 mln vs the $279.5 mln consensus. Co issues upside guidance for Q3, sees EPS of $0.91-1.01 vs. $0.88 consensus; sees Q3 revs growth of 13-17%, which equates to ~$291.2-301.5 mln growth of 13-17%, which equates to ~vs. $285.09 mln consensus.

4:34PM Semtech beats by $0.02, beats on revs; guides Q2 EPS above consensus (SMTC) 17.43 -0.13 : Reports Q1 (Apr) earnings of $0.22 per share, $0.02 better than the First Call consensus of $0.20; revenues rose 22.9% year/year to $74.4 mln vs the $72 mln consensus. Co issues upside guidance for Q2, sees EPS of $0.23-0.24 vs. $0.22 consensus. "Semtech estimates net sales for the second quarter, which ends July 27, 2009, will be up between 3 and 6 percent."

4:17PM Napster beats by $0.03, reports revs in-line; guides Q1 revs below consensus (NAPS) 1.69 +0.06 : Reports Q4 (Mar) loss of $0.10 per share, $0.03 better than the First Call consensus of ($0.13); revenues rose 5.8% year/year to $30.8 mln vs the $30.7 mln consensus. Co issues downside guidance for Q1, sees Q1 revs of $30-31 mln vs. $31.58 mln consensus. Co says, "We are also targeting relatively flat operating expenses, losses, EPS and cash flow."

4:16PM Computer Sciences beats by $0.04, beats on revs; guides Q1 EPS in-line, revs above consensus; guides FY09 EPS in-line, revs above consensus (CSC) 47.07 -0.07 : Reports Q4 (Mar) earnings of $1.44 per share, excluding non-recurring items, $0.04 better than the First Call consensus of $1.40; revenues rose 10.9% year/year to $4.48 bln vs the $4.43 bln consensus. Co issues guidance for Q1, sees EPS of $0.70-0.80 vs. $0.75 consensus; sees Q1 revs of $4.25-4.40 bln vs. $4.18 bln consensus. Co issues guidance for FY09, sees EPS of $4.20-4.40 vs. $4.29 consensus; sees FY09 revs up in the 6-8% range, which equates to approx $17.5-17.8 bln vs. $17.49 bln consensus.

4:15PM Jackson Hewitt issues guidance in addition to reporting its tax returns (JTX) 10.13 +0.29 : Based on the preliminary tax filing results (as mentioned at 16:05), co now expects total revenues for the fiscal year to come in slightly below the low end of the previously. Co sees FY08 $1.34-1.39, ex items, (down from previous gudiance of $1.48-1.60) vs $1.51 First Call consensus; sees revs $282-292 mln vs $278.33 mln First Call consensus

4:13PM Champion Industries reports Q1 EPS of $0.14 vs. $0.18 First Call single est; revs increased 16.1% from a year ago to $39.3 mln vs. $39.70 mln First Call single est (CHMP) 4.96 -0.04 :


4:10PM Salesforce.com beats by $0.01, beats on revs; guides Q2 EPS in-line, revs above consensus; guides FY09 EPS in-line, revs above consensus (CRM) 62.66 -0.14 : Reports Q1 (Apr) earnings of $0.08 per share, $0.01 better than the First Call consensus of $0.07; revenues rose 52.5% year/year to $247.6 mln vs the $235.8 mln consensus. Co issues mixed guidance for Q2, sees EPS of $0.07-0.08 vs. $0.08 consensus; sees Q2 revs of $258-259 mln vs. $250.81 mln consensus. Co issues mixed guidance for FY09, sees EPS of $0.33-0.34 vs. $0.34 consensus; sees FY09 revs of $1.060-1.065 bln vs. $1.05 bln consensus.

4:09PM Gymboree beats by $0.02, reports revs in-line; guides Q2 EPS below consensus; guides FY09 EPS in-line (GYMB) 43.77 0.67 : Reports Q1 (Apr) earnings of $0.86 per share, $0.02 better than the First Call consensus of $0.84; revenues rose 15.7% year/year to $242.1 mln vs the $240 mln consensus. Co issues downside guidance for Q2, sees EPS of $0.18-0.20 vs. $0.21 consensus. Co issues in-line guidance for FY09, sees EPS of $3.10-3.15 vs. $3.12 consensus.

4:07PM Cost Plus misses by $0.03, beats on revs; guides Q2 revs in-line (CPWM) 2.91 -0.01 : Reports Q1 (Apr) loss of $1.00 per share, $0.03 worse than the First Call consensus of ($0.97); revenues rose 4.5% year/year to $211.7 mln vs the $207.8 mln consensus. Co issues in-line guidance for Q2, sees Q2 revs of $217-$224 mln vs. $217.35 mln consensus. The company is projecting a loss from continuing operations before interest and taxes in the range of $16-$18 mln vs a $25 mln loss last year.

4:07PM Synopsys beats by $0.03, beats on revs; guides Q3 EPS in-line, revs above consensus; guides FY08 EPS in-line, revs above consensus (SNPS) 24.66 -0.05 : Reports Q2 (Apr) earnings of $0.41 per share, excluding non-recurring items, $0.03 better than the First Call consensus of $0.38; revenues rose 10.8% year/year to $324.6 mln vs the $321.2 mln consensus. Co issues in-line EPS guidance for Q3, sees EPS of $0.38-0.40 vs. $0.39 consensus; sees Q3 revs of $335-343 mln vs. $330.33 mln consensus. Co issues in-line EPS guidance for FY08, sees EPS of $1.60-1.64 vs. $1.61 consensus; sees FY08 revs of $1.33-1.34 bln vs. $1.31 bln consensus.

4:07PM CDC Corp beats by $0.01, reports revs in-line (CHINA) 3.56 -0.05 : Reports Q1 (Mar) net of breakeven, excluding non-recurring items, $0.01 better than the First Call consensus of ($0.01); revenues rose 11.7% year/year to $98.3 mln vs the $97.7 mln consensus. "We are cautiously optimistic about the remainder of 2008. Our cost structure is now better-aligned with our revenues and we are examining options for further improvements. Our cash balance remains very strong and, as noted, we believe we have a stable stream of recurring revenues. Based on these indicators, including our sales leads and expanded pipeline coming out of Q1 2008 for CDC Software, as well as revenue run rates across all our businesses, we will look to show continued growth as well as improved operating metrics in 2008."

4:07PM PETsMART beats by $0.01, beats on revs; guides Q2 EPS below consensus; guides FY09 EPS in-line (PETM) 22.13 : Reports Q1 (Apr) earnings of $0.32 per share, $0.01 better than the First Call consensus of $0.31; revenues rose 9.1% year/year to $1.21 bln vs the $1.2 bln consensus. PETM sees FY08 rev growth in the high single digits; consensus estimates are for growth of ~10%. Co issues downside guidance for Q2, sees EPS of $0.26-0.30 vs. $0.34 consensus. Co sees Q2 comparable store sales growth in the low-single digits. Co issues in-line guidance for FY09, sees EPS of $1.51-1.59 vs. $1.51 consensus. Sees FY08 rev growth in the high single digits; consensus estimates are for growth of ~10%.

4:06PM Network Appliance beats by $0.02, reports revs in-line; guides Q1 EPS below consensus, revs in-line; reaffirms FY09 guidance (NTAP) 25.79 -0.54 : Reports Q4 (Apr) earnings of $0.38 per share, excluding non-recurring items, $0.02 better than the First Call consensus of $0.36; revenues rose 17.1% year/year to $938 mln vs the $938.1 mln consensus. Co issues guidance for Q1, sees EPS of $0.20-0.23 vs. $0.27 consensus; sees Q1 revs of $845-875 mln vs. $870.90 mln consensus. Co reaffirms guidance for FY09, sees EPS of $1.40-1.46 vs. $1.43 consensus; sees FY09 revs of $3.79-3.95 bln vs. $3.88 bln consensus.

4:05PM Jackson Hewitt prepared 3.45 mln tax returns in 2008, a decline of 5.3% compared to the prior year (JTX) 14.89 -0.17 : Co's network of franchised and company-owned offices prepared 3.45 million tax returns in 2008, a decline of 5.3% compared to the prior year. Excluding Economic Stimulus Rebate tax returns, 3.39 mln tax returns were prepared, a decline of 7.1%, versus previously announced expectations of a decline of 5% to 6%.

4:05PM Hot Topic beats by $0.01, reports revs in-line; guides Q2 (Jul) EPS in-line (HOTT) 4.84 -0.13 : Reports Q1 (Apr) loss of $0.03 per share, $0.01 better than the First Call consensus of ($0.04). Co issues in-line guidance for Q2 (Jul), sees EPS of ($0.02)-($0.04) vs. ($0.03) consensus. Note, the co reported same Q1 results on 5/7. The first quarter 2008 results include approximately $0.01 per share of expense related to our online music initiative, Q2 guidance includes $0.01 to $0.02 per share of expense related to our online music initiative."

4:03PM Longs Drug beats by $0.03, beats on revs; guides FY09 EPS in-line, revs in-line (LDG) 44.27 -1.54 : Reports Q1 (Apr) earnings of $0.63 per share, $0.03 better than the First Call consensus of $0.60; revenues rose 8.5% year/year to $1.41 bln vs the $1.39 bln consensus. Co issues in-line guidance for FY09, sees EPS of $3.02-3.12 vs. $3.06 consensus; sees FY09 revs of growth of 5-7%, which equates to ~$5.5-5.6 bln vs. $5.53 bln consensus.

4:01PM Citi Trends beats by $0.02, reports revs in-line; reaffirms FY09 EPS guidance (CTRN) 17.87 -1.10 : Reports Q1 (Apr) earnings of $0.36 per share, $0.02 better than the First Call consensus of $0.34; revenues rose 13.5% year/year to $121 mln vs the $120.9 mln consensus. Co reaffirms guidance for FY09, sees EPS of $1.10-1.15 vs. $1.14 consensus.

10:20AM Interdigital Comm issues in-line Q2 guidance (IDCC) 23.71 +0.45 : Co issues in-line guidance for Q2 (Jun), sees Q2 (Jun) revs of $58.5-59.5 mln vs. $57.79 mln First Call consensus. This range does not include any potential impact from additional new agreements that may be signed during second quarter 2008 or additional royalties identified in audits regularly conducted by the company.

10:02AM Transcat reports 4Q08 EPS of $0.10 vs. $0.07; revs increased 62% from a year ago to $19.2 mln (TRNS) 6.87 -0.05 :

8:55AM Eaton Vance reports EPS in-line, misses on revs; Assets up 4% sequentially (EV) 40.50 : Reports Q2 (Apr) earnings of $0.43 per share, in-line with the First Call consensus of $0.43; revenues rose 5.1% year/year to $273.4 mln vs the $277.7 mln consensus. Assets under management increased $6.2 bln, or 4%, to $159.1 bln on April 30, 2008 from $152.9 bln on January 31, 2008 due to strong net flows and modest market appreciation in the quarter."

8:33AM Brady beats by $0.02, beats on revs; guides FY08 EPS in-line, revs above consensus (BRC) 33.54 : Reports Q3 (Apr) earnings of $0.63 per share, $0.02 better than the First Call consensus of $0.61; revenues rose 10.3% year/year to $381.9 mln vs the $369.4 mln consensus. Co issues guidance for FY08, sees EPS of $2.33-2.44, raised by $0.02 to account for share repurchases in the quarter, vs. $2.36 consensus; sees FY08 revs of $1.50-1.52 bln, compared to previous guidance of $1.43-1.46 bln, vs. $1.49 bln consensus.

8:29AM Ross Stores reports EPS in-line, revs in-line; guides Q2 EPS above consensus; guides FY09 EPS above consensus (ROST) 34.92 : Reports Q1 (Apr) earnings of $0.58 per share, excluding non-recurring items, in-line with the First Call consensus of $0.58; revenues rose 10.3% year/year to $1.56 bln vs the $1.55 bln consensus. Co issues upside guidance for Q2, sees EPS of $0.43-0.47 vs. $0.43 consensus; sees same store sales gains of 1-3%. Co issues upside guidance for FY09, sees EPS of $2.19-2.29 vs. $2.19 consensus.

8:00AM Tween Brands beats by $0.05, beats on revs; guides Q2 EPS above consensus (TWB) 21.36 : Reports Q1 (Apr) earnings of $0.21 per share, excluding non-recurring items, $0.05 better than the First Call consensus of $0.16; revenues rose 12.8% year/year to $251.7 mln vs the $242 mln consensus. Co issues upside guidance for Q2, sees EPS of $0.00-0.04 vs. ($0.02) consensus; co sees Q2 net sales percent increase in the mid teens, with a comparable store sales percentage increase for Tween Brands in the mid single digits, flat comparable store sales for Limited Too, and Justice same store sales to increase in the mid to high teens.



7:37AM Charming Shoppes beats by $0.07, misses on revs; guides Q2 EPS below consensus, revs below consensus (CHRS) 5.64 : Reports Q1 (Apr) earnings of $0.01 per share, $0.07 better than the First Call consensus of ($0.06); revenues fell 7.9% year/year to $641.3 mln vs the $725.2 mln consensus. Co issues downside guidance for Q2, sees EPS of $(0.01)-0.00 vs. $0.04 consensus; sees Q2 revs of $625-640 mln vs. $735.63 mln consensus. "The Company's projection assumes high single digit percentage decreases in consolidated comparable store sales for the Company's Retail Stores segment, compared to a 3% decrease in consolidated comparable store sales in the prior year."

7:32AM Brown Shoe misses by $0.02, misses on revs; guides Q2 EPS in-line; guides FY09 EPS in-line, revs below consensus (BWS) 15.06 : Reports Q1 (Apr) earnings of $0.05 per share, excluding non-recurring items, $0.02 worse than the First Call consensus of $0.07; revenues fell 2.1% year/year to $554.5 mln vs the $574.7 mln consensus. Co issues in-line guidance for Q2, sees EPS of $0.19-0.24, excluding non-recurring items, vs. $0.20 consensus. Co issues guidance for FY09, sees EPS of $1.33-1.58, excluding non-recurring items, vs. $1.50 consensus; sees FY09 revs of $2.43-2.48 bln vs. $2.49 bln consensus.

7:02AM BJ's Wholesale beats by $0.01, beats on revs; raises FY09 guidance range (BJ) 38.85 : Reports Q1 (Apr) earnings of $0.29 per share, $0.01 better than the First Call consensus of $0.28; revenues rose 12.1% year/year to $2.31 bln vs the $2.27 bln consensus. Co raises Y09 guidance range for FY09, sees EPS of $2.04-2.14, compared to previous guidance of $1.98-2.08, vs. $2.06 consensus.