Earnings - 16th June 2008

6:44PM CEMEX S.A. sees Q2 and FY08 revs above consensus (CX) 25.73 -0.02 : Co sees Q2 revs above consensus; co sees revs to be in excess of $6.4 bln vs $6.2 bln consensus; sees FY08 revs of $24.5 bln vs $24.2 bln consensus. Also, co announced that it expects EBITDA for the quarter ending June 30, 2008 to be close to US$1.4 bln, an increase of about 23% versus the same period last year, while operating income is expected to be about US$960 mln, 19% higher than the same period a year ago.

9:32AM Life Partners Holdings sees Q1 EPS of ~$0.52 vs. $0.44 consensus; sees revs of $24.4 mln vs. $19.5 mln consensus (LPHI) 22.08 -0.13 : For Q1 LPHI sees EPS of ~$0.52 vs. $0.44 consensus; revs are expected to increase ~39% from a year ago to $24.4 mln vs. $19.5 mln consensus. Co says that "because of our continued growth within the growing life settlement industry, this has been the best quarter in the history of our company. Our business model deals exclusively with real assets with inherent value and does not rely on credit to provide diversification from the financial markets. That formula has become extremely attractive to investors and we expect that interest to continue. We expect our strong financial performance to underscore the substantial value of our company when compared to other stocks in the financial services sector." Co plans to report its earnings in its Form 10-Q to be filed with the Securities and Exchange Commission on or about July 10, 2008.

8:31AM Fuqi Intl comments on impact from China Earthquake; reiterates comfort with 2Q08 and FY08 guidance (FUQI) 9.83 : Co says "The Sichuan province, which experienced the most damage from the earthquake's impact, is an area in which FUQI conducts business. While we have experienced slower wholesale demand for our jewelry products from this region because of the earthquake, this region represents less than 5% of our wholesale jewelry sales. Additionally, from a seasonality standpoint, the second quarter is one of the slower quarters for our business and we do not anticipate any long-term slowdown in sales from this region. We reiterate comfort with our second quarter wholesale revenue estimate of approximately $62-64 mln, which represents a year-over-year increase of approximately 136-144%, and net income in the range of $4.5-4.6 million, or $0.20-0.21 per diluted share, based on a weighted average share count of 22.2 million shares. For the full year 2008, we reiterate comfort with wholesale revenue, net income and diluted earnings per share estimates of approximately $305-315 mln, net income of $21.9-23.0 mln, and diluted EPS of $0.98-1.04, based on a weighted average share count of 22.2 million shares." (Consensus is for Q2 EPS of $0.21, revs of $65.7 mln; FY08 EPS of $1.02, revs of $318.6 mln)

8:30AM Alkermes expands common stock repurchase program and raises fiscal year 2009 financial expectations (ALKS) 11.90 : Co announces that its Board of Directors has authorized the expansion of its common stock repurchase program by an additional $40 mln following the receipt of a $40 mln payment from Eli Lilly (LLY). Co also raised its fiscal year 2009 financial guidance. Co sees FY09 EPS of $0.11-0.16, up from previous guidance of ($0.11)-($0.16) vs ($0.10) First Call consensus; sees revs $200-225 mln, up from previous guidance of $175-200 mln, vs $194.89 mln First Call consensus

8:05AM Illinois Tool reaffirms Q2 & FY08 guidance (ITW) 49.71 : Cp reported an operating revenue increase of 11.2 percent for the three months ended May 31, 2008. Growth in revenues was largely due to contributions from translation and acquisitions. Base revenues also contributed to growth in the three month period. Revenues for the first two months of the second quarter were modestly ahead of Company expectations. Co reaffirms guidance for Q2 (Jun), sees EPS of $0.94-1.00 vs. $0.97 First Call consensus; reaffirms rev growth of 9-12%. Co reaffirms guidance for FY08 (Dec), sees EPS of $3.35-3.49 vs. $3.63 consensus; reaffirms rev growth of 8-12%.

6:29AM Titan Machinery beats by $0.11, beats on revs; raises Y09 guidance (TITN) 27.90 : Reports Q1 (Apr) earnings of $0.24 per share, $0.11 better than the First Call consensus of $0.13; revenues rose 91.2% year/year to $152.6 mln vs the $119.6 mln consensus. Co raises guidance for FY09, sees EPS of $0.86-0.91, excluding non-recurring items, compared to previous guidance of $0.77-0.82, vs. $0.79 consensus; sees FY09 revs of $575-625 mln, compared to previous guidance of $550-600 mln, vs. $588.55 mln consensus. "First quarter sales and gross profit increased in all three of our main revenue sources -- equipment, parts, and services. The higher margin parts and service revenue represented 46% of total gross profit for the first quarter. A longer than normal planting season, our proven operating model, and the robust agriculture economy all contributed to a strong first quarter."