Earnings - 21st Aug 2008

5:12PM Noah Education reports Q4 EPS of $0.12 vs $0.10 in the prior year; revs grew 17.9% to 14.2 mln (NED) 5.85 +0.25 : In RMB, co reported EPS of RMB0.71 vs RMB0.07 in the prior year; revs grew 17.9% to RMB 97.9 mln vs RMB 83.1 in the prior year... NED expects net revenue for Q1 of fiscal year 2009 to be ~RMB250.0 mln compared to RMB247.0 mln in the corresponding period last year. NED expects net income for the quarter to be in the range of RMB48.0-50.0 mln compared to RMB44.5 mln for the corresponding period last year.

4:46PM Foot Locker beats by $0.23, beats on revs; guides FY09 EPS in-line (FL) 15.28 +0.30 : Reports Q2 (Jul) earnings of $0.25 per share, $0.23 better than the First Call consensus of $0.02; revenues rose 1.5% year/year to $1.3 bln vs the $1.27 bln consensus. Co issues in-line guidance for FY09, sees EPS of $0.70-0.85 vs. $0.72 consensus.

4:36PM Gap Inc beats by $0.02, reports revs in-line; guides FY09 (Jan) EPS in-line (GPS) 19.01 -0.01 : Reports Q2 (Jul) earnings of $0.32 per share, $0.02 better than the First Call consensus of $0.30. Co issues in-line guidance for FY09 (Jan), sees EPS of 1.30-1.35 vs. $1.34 consensus. The company revised its guidance for store openings. The expected number of store openings has decreased by 15 stores, driven primarily by Banana Republic, to about 100 openings for the full year. The number of store closings has not changed from the company's previous guidance of about 115. These figures include about 15 store repositions, which are reflected as both an opening and a closing. The company continues to expect that net square footage will remain roughly flat in fiscal year 2008.

4:06PM Blue Coat reports EPS in-line, revs in-line; guides Q2 EPS in-line, revs in-line (BCSI) 15.88 +0.10 : Reports Q1 (Jul) earnings of $0.16 per share, in-line with the First Call consensus of $0.16; revenues rose 64.3% year/year to $102.5 mln vs the $102.2 mln consensus. Co issues in-line guidance for Q2, sees EPS of $0.15-0.20, excluding non-recurring items, vs. $0.20 consensus; sees Q2 revs of $116-120 mln vs. $118.50 mln consensus.

4:05PM Pacific Sunwear reports in-line; guides Q3 and Q4 below consensus (PSUN) 7.78 +0.08 : Reports Q2 (Jul) earnings of $0.06 per share, in-line with the First Call consensus of $0.06; revenues rose 0.3% year/year to $312.7 mln vs the $309.7 mln consensus. Co issues downside guidance for Q3, sees EPS of $0.00-0.05 vs. $0.23 consensus. Co issues downside guidance for Q4 (Jan), sees EPS of $0.11-0.16, excluding non-recurring items, vs. $0.36 consensus.

4:03PM Wet Seal beats by $0.02, reports revs in-line; guides Q3 EPS in-line, revs below consensus (WTSLA) 4.05 -0.04 : Reports Q2 (Jul) earnings of $0.12 per share, ex-items, $0.02 better than the First Call consensus of $0.10; revenues rose 4.0% year/year to $149.1 mln vs the $149.4 mln consensus. Co issues mixed guidance for Q3, sees EPS of $0.05-$0.07 vs. $0.05 consensus; sees Q3 revs of $144-$149.1 mln vs. $150.66 mln consensus. Co sees comparable store sales decline between 6% and 9% versus a 3.4% decline in the prior year third quarter.

4:03PM Intuit reports EPS in-line, beats on revs; guides FY09 EPS in-line, revs in-line (INTU) 30.03 -0.30 : Reports Q4 (Jul) loss of $0.08 per share, in-line with the First Call consensus of ($0.08); revenues rose 10.5% year/year to $478.2 mln vs the $470 mln consensus. Co issues in-line guidance for FY09, sees EPS of $1.86-1.90 vs. $1.86 consensus; sees FY09 revs of $3.35-3.43 bln vs. $3.34 bln consensus. Co guided Q1 revs of $480-492 mln vs. $484.1 mln First Call consensus, EPS of ($0.14)-($0.11) vs. ($0.11) First Call Consensus.

4:02PM Aeropostale reports EPS in-line, revs in-line; guides Q3 EPS in-line (ARO) 34.00 : Reports Q2 (Jul) earnings of $0.31 per share, in-line with the First Call consensus of $0.31; revenues rose 21.2% year/year to $377.1 mln vs the $376.5 mln consensus. Co issues in-line guidance for Q3, sees EPS of $0.59-0.61 vs. $0.60 consensus.

9:00AM Ship Finance Intl beats by $0.15 (SFL) 27.24 : Reports Q2 (Jun) earnings of $0.98 per share, $0.15 better than the First Call consensus of $0.83; revenues rose 25.2% year/year to $120.9 mln vs the $122.9 mln consensus.

8:34AM Gamestop beats by $0.06, beats on revs; guides Q3 EPS in-line; guides FY09 EPS above consensus, revs above consensus (GME) 43.52 : Reports Q2 (Jul) earnings of $0.34 per share, $0.06 better than the First Call consensus of $0.28; revenues rose 34.8% year/year to $1.8bln vs the $1.7 bln consensus. Co issues in-line guidance for Q3, sees EPS of $0.36-0.38 vs. $0.36 consensus. Comparable store sales in the third quarter are expected to range from flat to +2%. Co issues upside guidance for FY09, sees EPS of $2.45-2.50 vs. $2.39 consensus; sees FY09 rev growth of 23-25% or ~$8.72-8.86 bln vs. $8.67 bln consensus.

8:33AM Toro beats by $0.04, beats on revs; issues in-line FY08 EPS guidance; reaffirms FY08 revs guidance (TTC) 36.22 +0.57 : Reports Q3 (Jul) earnings of $0.99 per share, $0.04 better than the First Call consensus of $0.95; revenues rose 2.9% year/year to $492.6 mln vs the $473.1 mln two analyst estimate. Co issues in-line guidance for FY08, sees EPS of down 6-9% (which calculates to ~$3.09-3.20) vs. $3.19 consensus; reaffirms FY08 revs of ~1.877 bln vs. $1.86 bln two analyst estimate.

8:33AM Barnes & Noble beats by $0.06, misses on revs; guides Q3 EPS in-line; reaffirms FY09 EPS (BKS) 25.74 : Reports Q2 (Jul) earnings of $0.15 per share, excluding non-recurring items, $0.06 better than the First Call consensus of $0.09; revenues fell 1.6% year/year to $1.22 bln vs the $1.24 bln consensus. Co issues in-line guidance for Q3, sees EPS of ($0.10)-($0.15) vs. ($0.13) consensus; co sees comparable store sales to decline in the low single digits. Co reaffirms guidance for FY09, sees EPS of $1.70-1.90 vs. $1.74 consensus; co sees comparable store sales to decrease in the low single digits, compared to previous guidance of slightly negative comparable store sales. Co continues to expect full-year results in-line with previous guidance despite the challenging retail sales climate as a result of the margin benefits already realized and its continuing focus on controlling expenses and improving gross margins.

7:50AM Bon-Ton Stores beats by $0.16, reports revs in-line; guides FY09 EPS below consensus (BONT) 5.04 : Reports Q2 (Jul) loss of $1.29 per share, excluding non-recurring items, $0.16 better than the First Call consensus of ($1.45); revenues fell 5.0% year/year to $694.4 mln vs the $696.1 mln consensus. Co issues downside guidance for FY09, sees EPS of ($0.45)-($0.95) vs. ($0.35) consensus.

7:33AM Dick's Sporting Goods beats by $0.03; guides Q3 EPS in-line; guides FY09 EPS above consensus (DKS) 18.29 : Reports Q2 (Jul) earnings of $0.39 per share, excluding non-recurring items, $0.03 better than the First Call consensus of $0.36; revenues rose 7.2% year/year to $1.09 bln vs the $1.1 bln consensus. Co issues in-line guidance for Q3, sees EPS of $0.04-0.08, excluding non-recurring items, vs. $0.08 consensus. Co issues upside guidance for FY09, sees EPS of $1.27-1.36, excluding non-recurring items, vs. $1.26 consensus.


7:09AM Burger King beats by $0.03, beats on revs; reaffirms FY09 EPS guidance (BKC) 27.45 : Reports Q4 (Jun) earnings of $0.37 per share, $0.03 better than the First Call consensus of $0.34; revenues rose 9.5% year/year to $646 mln vs the $634.6 mln consensus. Co reaffirms guidance for FY09, sees EPS of $1.54-1.59 vs. $1.56 consensus.

7:03AM The Buckle beats by $0.06, beats on revs (BKE) 49.20 : Reports Q2 (Jul) earnings of $0.66 per share, excluding $0.06 gain, $0.06 better than the First Call consensus of $0.60; revenues rose 36.7% year/year to $169.8 mln vs the $167.5 mln consensus.

7:02AM HJ Heinz beats by $0.06, beats on revs; guides FY09 EPS in-line (HNZ) 51.71 : Reports Q1 (Jul) earnings of $0.72 per share, $0.06 better than the First Call consensus of $0.66; revenues rose 14.9% year/year to $2.58 bln vs the $2.46 bln consensus. Co issues in-line guidance for FY09, sees EPS of $2.87-2.91 vs. $2.90 consensus, prior guidance $2.83-2.91

2:49AM Frontline misses by $0.15, beats on revs (FRO) 58.32 : Reports Q2 (Jun) earnings of $2.18 per share, excluding excluding gain on sale of assets and shares, $0.15 worse than the First Call consensus of $2.33; revenues rose 57.8% year/year to $547.5 mln vs the $401.7 mln consensus.