5:48PM Anadarko Petro beats by $0.04, misses on revs (APC) 55.12 -3.59 : Reports Q2 (Jun) earnings of $1.78 per share, excluding $1.73 in charges, $0.04 better than the First Call consensus of $1.74; revenues fell 39.2% year/year to $2.79 bln vs the $3.68 bln consensus.
5:02PM Central European Dist reports Q2 (Jun) results, beats on revs; raises FY08 gudiance; reaffirms FY09 guidance (CEDC) 69.89 -1.99 : Reports Q2 (Jun) earnings of $0.56 per share, may not be comparable to the First Call consensus of $0.52; revenues rose 56.9% year/year to $421.3 mln vs the $400 mln consensus. Co raises guidance for FY08, sees EPS of $2.72-2.92, ex items, vs. $2.77 consensus; sees FY08 revs of $1.65-1.80 bln vs. $1.69 bln consensus. Co issues in-line guidance for FY09, sees EPS of $3.68-3.93, ex items, vs. $3.82 consensus. The margin accretion from these Russian investments, as well the approximately 25% increase in sales, are having a significant impact on our operating performance as evidenced by our gross margin increase from 20.7% to 24.6% and strong net income performance. "
4:45PM AXIS Capital beats by $0.13; net investment income increases 21% (AXS) 31.35 -0.76 : Reports Q2 (Jun) earnings of $1.47 per share, $0.13 better than the single analyst est of $1.34. Co reports net investment income of $137 mln, a 21% increase. Diluted book value per common share of $30.30, an increase of 21% from June 30, 2007, and 5% from December 31, 2007. Co states, "Despite the extremely competitive market conditions, our underwriting results were good and our reserves from prior accident years continued to develop favorably. We also posted record quarterly net investment income. Our business is still generating very strong underwriting profitability even against the backdrop of increased market loss activity during this first half of the year in the property lines."
4:19PM Comstock beats by $0.26, misses on revs (CRK) 55.50 -4.95 : Reports Q2 (Jun) earnings of $1.50 per share, ex-gain on previously announced property sales, $0.26 better than the First Call consensus of $1.24; revenues rose 107.0% year/year to $172 mln vs the $227.5 mln consensus. Co states that Q2 operating results reflect strong market prices for oil and natural gas combined with strong production growth from Comstock's onshore operations. CSR's production from its continuing onshore operations in 2Q08 increased 42% to 15.3 bln cubic feet equivalent of natural gas as compared to production of 10.7 Bcfe in 2Q07. CSR announces that it plans to increase its 2008 budget for its onshore drilling program to $410 mln as compared to the company's original budget for 2008 of $278 mln.
4:17PM Rackable Systems misses by $0.11, reports revs in-line; reaffirms FY08 EPS guidance, revs guidance (RACK) 12.55 -0.08 : Reports Q2 (Jun) loss of $0.12 per share, $0.11 worse than the First Call consensus of ($0.01); revenues fell 7.6% year/year to $76 mln vs the $76.2 mln consensus. Co reaffirms guidance for FY08, sees EPS of $0.01 vs. $0.16 consensus; sees FY08 revs of $353.2-374.4 mln vs. $352.86 mln consensus. "Our business outlook for the second half of 2008 is positive and we are reaffirming our 2008 annual guidance," said Mark J. Barrenechea, President and Chief Executive Officer of Rackable Systems. "Our new XE series product is in the market, our industry focus is yielding results, and our core Internet market is expanding into cloud computing. We see these as favorable trends for the second half of 2008 and into 2009."
4:09PM China Security and Surveillance beats by $0.02, beats on revs; guides Q3 EPS above consensus, revs above consensus; raises FY08 guidance (CSR) 14.12 -0.14 : Reports Q2 (Jun) earnings of $0.39 per share, $0.02 better than the First Call consensus of $0.37; revenues rose 77.9% year/year to $92.7 mln vs the $86.3 mln consensus. Co issues upside guidance for Q3, sees EPS of $0.43-0.45 vs. $0.43 consensus; sees Q3 revs of $110-115 mln vs. $103.08 mln consensus. Co raises guidance for FY08, sees EPS of $1.60-1.77 vs. $1.66 consensus; sees FY08 revs of $400-410 mln vs. $392.06 mln consensus.
4:07PM Bankrate reports EPS in-line, revs in-line; reaffirms FY08 revs guidance (RATE) 31.59 +0.03 : Reports Q2 (Jun) earnings of $0.33 per share, excluding non-recurring items, in-line with the First Call consensus of $0.33; revenues rose 72.8% year/year to $40.2 mln vs the $40.2 mln consensus. Co reaffirms guidance for FY08, sees FY08 revs of $164-169 mln vs. $165.58 mln consensus; reaffirms adjusted EBITDA for the year to be between $54-58 mln.
4:07PM DaVita beats by $0.07, beats on revs (DVA) 55.89 -0.25 : Reports Q2 (Jun) earnings of $0.90 per share, $0.07 better than the First Call consensus of $0.83; revenues rose 7.2% year/year to $1.41 bln vs the $1.37 bln consensus. "We are narrowing our operating income guidance for 2008 to a range of $800-$840 million. Our operating income for 2009 is currently projected to be in the range of $820-$880 million."
4:05PM AthenaHealth beats by $0.02, beats on revs (ATHN) 27.02 -1.24 : Reports Q2 (Jun) earnings of $0.11 per share, $0.02 better than the First Call consensus of $0.09; revenues rose 34.6% year/year to $33 mln vs the $32.5 mln consensus.
4:05PM Qiagen reports Q2 (Jun) results, misses on revs; raises FY08 guidance (QGEN) 18.59 -0.05 : Reports Q2 (Jun) earnings of $0.20 per share, may not be comparable to the First Call consensus of $0.19; revenues rose 61.4% year/year to $217.9 mln vs the $221.3 mln consensus. Co issues in-line guidance for FY08, sees EPS of $0.79-0.80, up from $0.74-0.78, excluding non-recurring items, vs. $0.78 consensus; sees FY08 revs of $889-919 mln vs. $906.54 mln consensus.
4:03PM Masimo beats by $0.05, beats on revs; guides FY08 EPS above consensus, revs above consensus (MASI) 37.24 -0.56 : Reports Q2 (Jun) earnings of $0.18 per share, $0.05 better than the First Call consensus of $0.13; revenues rose 17.4% year/year to $74.8 mln vs the $71.5 mln consensus. Co issues upside guidance for FY08, sees EPS of $0.64 vs. $0.59 consensus, up from previous guidance of $0.52; sees FY08 revs of $300 mln vs. $297.01 mln consensus, and up from previous guidance of $246-$292 mln.
8:03AM Bronco Drilling misses by $0.08, beats on revs (BRNC) 17.81 : Reports Q2 (Jun) earnings of $0.21 per share, excluding non-recurring items, $0.08 worse than the First Call consensus of $0.29; revenues rose 12.0% year/year to $69.8 mln vs the $67.9 mln consensus. Co increased its number of term contracts during the second quarter and now has approximately 57% of its estimated revenue days for the last two quarters of 2008 and 32% of its estimated revenue days for 2009 covered via term contracts.
8:02AM Freightcar America misses by $0.10, beats on revs (RAIL) 36.13 : Reports Q2 (Jun) earnings of $0.14 per share, excluding non-recurring items, $0.10 worse than the First Call consensus of $0.24; revenues fell 27.7% year/year to $141.3 mln vs the $131.9 mln consensus.
7:35AM IntercontinentalExchange reports EPS in-line, revs in-line; announces $500 mln buyback (ICE) 96.20 : Reports Q2 (Jun) earnings of $1.19 per share, excluding non-recurring items, in-line with the First Call consensus of $1.19; revenues rose 44.3% year/year to $197.2 mln vs the $195.8 mln consensus. ICE also announced that its Board of Directors has authorized a share buyback program of up to $500 mln. "We've continued to grow our business substantially while generating synergies in our U.S. futures business and producing operating margins that reflect our disciplined approach to growth. This consistently strong performance provides us with the balance sheet and cash flows necessary to execute the share repurchase program recently authorized by our Board of Directors, even as we continue to invest for future growth. This program reflects our belief that the current share price does not appropriately reflect the strong underlying fundamentals of our global business. In compliance with SEC rules, we will begin the repurchase of shares after the Creditex acquisition closes." ICE Clear Europe is expected to commence operations on September 15, 2008. Updated guidance includes 2008 revenues in the range of $20-25 mln.
7:01AM Church & Dwight beats by $0.03, beats on revs; guides FY08 EPS above consensus (CHD) 54.75 : Reports Q2 (Jun) earnings of $0.66 per share, $0.03 better than the First Call consensus of $0.63; revenues rose 8.7% year/year to $594 mln vs the $581.1 mln consensus. Co issues upside guidance for FY08, sees EPS of $2.83-2.85 vs. $2.81 consensus.
6:13AM Humana beats by $0.06, beats on revs; guides Q3 EPS above consensus; guides FY08 EPS above consensus, revs in-line (HUM) 44.64 : Reports Q2 (Jun) earnings of $1.24 per share, $0.06 better than the First Call consensus of $1.18; revenues rose 14.4% year/year to $7.35 bln vs the $7.14 bln consensus. Co issues upside guidance for Q3, sees EPS of $1.45-1.50 vs. $1.36 consensus. Co issues mixed guidance for FY08, sees EPS of $4.30-4.40 vs. $4.20 consensus; sees FY08 revs of $28-30 bln vs. $28.51 bln consensus.
6:09AM DISH Network beats by $0.13, reports revs in-line; reports subscriber loss of 25k (DISH) 28.96 : Reports Q2 (Jun) earnings of $0.73 per share, $0.13 better than the First Call consensus of $0.60; revenues rose 5.4% year/year to $2.91 bln vs the $2.91 bln consensus. DISH Network lost approximately 25,000 net subscribers during the quarter ended June 30, 2008, ending the quarter with approximately 13.79 million subscribers.
6:06AM Advanced Medical Optics misses by $0.03, beats on revs; guides FY08 EPS below consensus, reaffirms revs in-line (EYE) 17.20 : Reports Q2 (Jun) earnings of $0.24 per share, excluding non-recurring items, $0.03 worse than the First Call consensus of $0.27; revenues rose 22.6% year/year to $320.5 mln vs the $307.7 mln consensus. Co issues mixed guidance for FY08, sees EPS of $1.00-1.15, excluding non-recurring items, vs. $1.35 consensus; sees FY08 revs of $1.22-1.24 bln vs. $1.23 bln consensus. Co expects its 2008 U.S. excimer procedures to be approx 25% below 2007 levels.
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