Earnings - 25th Aug. 2008

5:03PM Winn-Dixie Stores misses by $0.01 (WINN) 14.29 -0.71 : WINN reports Q4 in its 10-K; co reports Q4 (Jun) (0.10), $0.01 worse than the First Call consensus of ($0.09); revenues rose 0.8% year/year to $1.69 bln vs the $1.69 bln consensus.

4:56PM Kennametal announces acquisition of Tricon Metals & Services, will be accretive to earnings withini 12 months; expands advanced materials business (KMT) 34.80 -0.97 : Co announced that it has signed a definitive agreement to acquire the assets of Tricon Metals & Services, Inc. Closing is planned for October 2008 and remains subject to negotiated conditions of closing. Tricon will become part of Kennametal's Advanced Materials Solutions Group (AMSG), and the acquisition is expected to be accretive to earnings within twelve months following closing.

8:02AM A-Power Energy reports EPS in-line, beats on revs; reaffirms (APWR) 20.65 : Reports Q2 (Jun) earnings of $0.20 per share, in-line with the First Call consensus of $0.20; revenues rose 21.5% year/year to $65.7 mln vs the $62.1 mln consensus. Co said, "As expected, our financial results continued to accelerate during the second quarter and based on the projected timelines associated with our ongoing distributed power generation projects and wind turbine production, we are on-track to make our 2008 earnings guidance of $35 to $45 million."

7:10AM AgFeed Industries to acquire 4 producing commercial hog farms, raises total hog farm acquisition targets, affirms FY08 guidance (FEED) 10.59 : Co announces that it has reached agreements to acquire 4 producing commercial hog farms in South China. FEED expects these acquisitions to close in early September. All of the company's acquired hog farms are immediately accretive to earnings. FEED is also in discussions with multiple other farms as potential acquisition targets. FEED has sufficient cash on hand, a strong balance sheet as well as strong cash flows from operations to fund its current acquisition plans in 2008. In addition to these four farms, FEED intends to acquire no less than 5 to 10 additional producing hog farms before the end of 2008, to be funded from current cash flows. All of its hog farm acquisitions are immediately accretive to earnings. Co also reaffirms FY08 EPS guidance of $1.08-$1.20 vs $1.00 First Call consenus.

3:33AM LDK Solar provides preliminary outlook for FY09; sees revenue of $2.8-3.0 bln vs $2.43 bln consensus (LDK) 45.82 : Co issues upside guidance for FY09 (Dec), sees FY09 (Dec) revs of $2.8-3.0 bln vs. $2.43 bln First Call consensus. Co also anticipates wafer shipments between 1.45 and 1.55 GW. "We are pleased to achieve one of the fastest capacity ramps within the solar industry as we expand our production capabilities to meet the continued strong demand from our growing global customer base... We are proud to reach this significant milestone and remain confident in our ability to expand to 1.2 GW wafer capacity by the end of 2008. This achievement demonstrates our continued commitment to becoming the largest and lowest cost wafer producer in the solar industry." LDK Solar's 1.0 GW production capacity is in line with the company's publicly announced plans to reach a target annualized wafer production capacity of up to 1.2 GW by the end of 2008, 2.2 GW by the end of 2009 and 3.2 GW by the end of 2010.