Earnings - 13th June, 2008

4:01PM Textron narrows Q2 EPS $0.93 to $0.98, compared to its previous forecast of $0.90 to $1.00. (TXT) 58.11 +0.69 : Co narrow guidance for Q2 (Jun), sees EPS of $0.93-0.98, from $0.90-1.00 vs. $0.98 First Call consensus. Co reaffirms guidance for FY08 (Dec), sees EPS of $3.80-4.00 vs. $3.98 consensus. Co also sees FY08 and free cash flow of $700 - $750 mln. The co said that profit in its Finance segment would be significantly less than previously forecast. Lower profitability in Finance will result from higher second quarter pre-tax loan loss provisions of about $20 million and a pre-tax charge of about $10 mln that will be recorded in the quarter related to Sale-In, Lease-Out transactions previously challenged by the IRS. Weaker profit at Finance in the second quarter and for the full-year is expected to be offset primarily by higher profits in the aircraft and defense businesses.

2:31PM IRIS Intl says it "expects to more than triple revenues and profits in the new five year growth initiative instituted as of the beginning of this year" (IRIS) 16.56 +0.49 : Co says it "expects to more than triple revenues and profits in the new five year growth initiative instituted as of the beginning of this year," Cesar Garcia, Chairman, President and Chief Executive Officer told the Annual Meeting of Shareholders today. "In the five years ended December 31, 2007 the Company achieved a 28% compound revenue growth and in that 20-quarter period invested $37 mln in research and development while still exceeding comparable quarter revenues 18 times, comparable quarter profits and earnings per share 14 times and saw cash grow 12-fold to $28 million after two technology acquisitions. We expect to more than exceed that growth pattern as we go forward." "We believe we have the scientific, financial and human resources to produce a company that in five years will be much larger and more profitable than IRIS is today, and one that also will be a world leader in quality in each of its selected categories. We intend to not only introduce a range of what we believe are paradigm changing technologies, but our strategy calls for aligning ourselves through joint ventures and licensing with the most respected international names in these arenas."

8:30AM Origin Agritech announces new seed approvals: 3 new corn hybrid seeds and 1 GM cotton seed (SEED) 6.10 : The co announces it has approved three new corn hybrid varieties and one new GM cotton variety for distribution during the 2009 sales season in five provinces throughout China. The Company has a total of 68 corn seeds and 15 cotton seeds approved for sale in China. The new corn seed products include Ao Nuo 1, Yu Ao 6, and Li Yu 16. Ao Nuo 1 is approved for provincial distribution in Beijing and Liaoning. Yu Ao 6 is approved for provincial distribution in Inner Mongolia, and Li Yu 16 is approved for distribution in Hubei province. Of the three new corn seed products approved for distribution, we are especially excited about the acceptance of Li Yu 16 in Hubei province, as it is one of our top selling corn seeds in our product line. With these additional approvals, the Company will provide even broader product coverage throughout China. (Popped)

8:12AM Perfect World raises Q2 guidance (PWRD) 21.89 : Co sees Q2 revs of RMB333-348 mln, up 10-15% q/q, compared to previous guidance of up 0-5% q/q, vs RMB305.65 consensus. Co is able to raise guidance due to stronger than expected results from the launch of new expansion packs in the domestic market and favorable results from recent marketing campaigns. "Our second quarter is tracking well and we believe our results will come in ahead of our previous expectations. Our powerful technology is allowing us to not only accelerate the game development cycle, but also the roll out of expansion packs that are designed to cater to changing customer preferences and market trends. Continued expansion and diversification of our game portfolio combined with our powerful game development platform and strong operation platform have helped us maintain our rapid pace of growth. We continue to effectively execute our growth strategies in an effort to deliver strong results and maximize shareholder value."