6:04PM Origin Agritech reports Q2 loss of $0.18 vs a loss of $0.17 in the prior year's quarter; co reported revs growth of 50.5% to $0.22 mln (SEED) 6.72 +0.39 : Co reaffirms FY08 rebs of $75-80 mln, and net income of $0.5-2 mln.
4:14PM NCI Building Sys beats by $0.46, beats on revs; narrows FY08 EPS guidance above consensus (NCS) 33.15 -1.09 : Reports Q2 (Apr) earnings of $0.76 per share, $0.46 better than the First Call consensus of $0.30; revenues rose 13.1% year/year to $416.1 mln vs the $365.4 mln consensus. Q2 EPS includes a $0.09 charge related to executive retirement costs and exiting the Components segment's residential overhead door product line. Co narrows upside guidance for FY08, sees EPS of $3.19-3.44 vs. $2.92 consensus. Therefore our guidance for the second half of our fiscal year is $2.04 to $2.29 per diluted share. "We continue to see solid demand from key end markets, as evidenced by our Buildings Group backlog and the current level of quoting activity. In our third fiscal quarter we expect accelerated steel price increases. We are actively monitoring the impact of higher prices on bookings and continue to work with customers to effectively manage through this challenging period."
4:11PM Terremark Worldwide misses by $0.04, reports revs in-line; guides Q1 revs below consensus; guides FY09 revs above consensus (TMRK) 6.38 +0.08 : Reports Q4 (Mar) loss of $0.05 per share, $0.04 worse than the First Call consensus of ($0.01); revenues rose 85.0% year/year to $56.8 mln vs the $57.3 mln consensus. Co issues downside guidance for Q1, sees Q1 revs of $54-56 mln vs. $59.03 mln consensus; co sees adjusted EBITDA of $10.5-11 mln. Co issues upside guidance for FY09, sees FY09 revs of $255-260 mln, compared to previous guidance of $250-255 mln, vs. $252.56 mln consensus; co sees adjusted EBITDA of $58-60 mln, from previous guidance of $55-58 mln.
4:10PM Lululemon Athletica reports EPS in-line, beats on revs; lowered FY09 EPS below consensus, raised revs below consensus (LULU) 32.53 +0.54 : Reports Q1 (Apr) earnings of $0.12 per share, in-line with the First Call consensus of $0.12; revenues rose 74.6% year/year to $78.2 mln vs the $71.8 mln consensus. Co lowers EPS guidance for FY09, sees EPS of $0.70-0.73, excluding a $0.02 charge, vs. $0.74 consensus down from $0.72-0.74, excluding a $0.02 charge; co raises FY09 revs to $380-385 mln vs. $401.09 mln consensus. up from $370-375 mln. Co says the lower earnings outlook is primarily a result of incremental hires and other strategic initiatives.
4:09PM Mitcham Ind beats by $0.03, misses on revs; reaffirms FY09 EPS guidance, revs guidance (MIND) 21.83 +0.55 : Reports Q1 (Apr) earnings of $0.41 per share, $0.03 better than the First Call consensus of $0.38; revenues fell 19.5% year/year to $18.5 mln vs the $19.7 mln consensus. Co reaffirms guidance for FY09, sees EPS of $1.35-1.40 vs. $1.36 consensus; sees FY09 revs of $78-82 mln vs. $80.37 mln consensus.
9:25AM NetSuite (N) announced that it has signed an agreement to acquire OpenAir; reaffirms Q2 guidance; guides FY08 net loss below consensus, revs in-line : Co announces that it has signed a definitive agreement to acquire OpenAir, Inc., a leading provider of on-demand Professional Services Automation software. NetSuite has agreed to pay approx $26 mln in cash, net of cash on the balance sheet of OpenAir. In addition, at closing N will assume approx $5 mln of restricted stock units that will be held by the employees of OpenAir and which will continue to vest through mid-2010. Assuming that the OpenAir acquisition closes in the expected timeframe, N expects its rev for 2Q08 to remain unchanged from the prior outlook of $36.0 mln to $36.7 mln (cons $36.66 mln). Non-GAAP net loss per share for Q2 is expected to be in the range of $(0.02) to $(0.01) vs. consensus of ($0.01). N also sees FY08 rev of $156-159 mln vs $156.22 consensus and net loss per share of ($0.06)-($0.04) vs. consensus of ($0.01).
8:18AM Agilysys misses by $0.04, misses on revs; guides FY09 EPS below consensus, revs below consensus (AGYS) 10.44 : Reports Q4 (Mar) loss of $0.04 per share, $0.04 worse than the First Call consensus of ($0.00); revenues rose 74.8% year/year to $206.4 mln vs the $212.2 mln consensus. Co issues downside guidance for FY09, sees EPS of $0.05-0.35 vs. $0.55 consensus; sees FY09 revs of $860-900 mln vs. $1 bln consensus.
8:02AM Marriott sees North American RevPAR growth of approximately 2%, compared to prior company guidance of 3-5% (MAR) 32.91 : J.W. Marriott, Jr. Chairman and CEO says that co's international lodging business continued to be strong but that softer demand trends were affecting the U.S. market. Mr. Marriott noted that year-to-date through April, the co's international rev per available room increased nearly 10% on a constant dollar basis. He also said it was encouraging for MAR's profit performance that over a third of the co's incentive management fees were derived from international properties. According to Mr. Marriott, in the U.S., the company continues to see weak weekend leisure demand and is beginning to see softer mid-week demand. Group business is impacted by fewer last minute group bookings. Given these trends, Mr. Marriott said that, while the co expects its worldwide RevPAR (rev/available room) in Q2 to increase at the low end of the 3-5% growth range, the co is likely to report Q2 North American RevPAR growth of approximately 2%, compared to prior co guidance of 3-5%. He noted that as expected in a weaker demand environment, the co's rev market share is improving.
8:02AM Capstone Turbine announces first order for new C1000; value order value exceeded $2 mln (CPST) 3.76 : The co announces that it has received an order from its Russian distributor Banking Production Center for two C1000 MicroTurbine systems to be installed in a new caviar farm in Russia. The order also included one C200 system to be installed in the Ukraine, and two C65 microturbines to be installed in Belarus. The total order value exceeded $2.0 mln.
8:01AM Conexant confirms guidance for Q3 and Provides Expectations for Q4 (CNXT) 0.46 : Co announced that it expects financial results for the third quarter of fiscal 2008 to be at the high end of the guidance range established entering the quarter. The company also provided guidance for the fourth fiscal quarter based on the expected performance of its two continuing businesses, which consist of Imaging and PC Media and Broadband Access. Co sees Q3 EPS of ($0.17)-$0.06, including the effects of the reverse stock split, vs ($0.01) First Call consensus; revs $167-171 mln vs $169.15 mln First Call consensus. Co sees Q4 $0.08-0.12, including the effects of the reverse stock split, vs $0.01 First Call consensus; sees revs $115-120 mln vs $146.20 mln First Call consensus
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