5:37PM Pegasystems guides Q3 revs higher YoY (PEGA) 10.83 -0.63 : Co announced that it expects revenue for Q3 to exceed its previous quarterly record of $51.1 mln (consensus $52.5 mln). Co says, "experienced strong license signings during a quarter of unprecedented economic upheaval. Customers are continuing to expand the use of our Build for Change(R) technology to reduce operating costs and provide better customer service. Customer interest is further demonstrated by a 35% year-over-year increase in customer registrations for our imminent PegaWORLD annual user conf.
8:50AM Genuine Parts beats by $0.03, reports revs in-line (GPC) 33.33 : Reports Q3 (Sep) earnings of $0.81 per share, $0.03 better than the First Call consensus of $0.78; revenues rose 3.0% year/year to $2.88 bln vs the $2.89 bln consensus. Co states, "As we enter the last quarter of 2008, we are witnessing heightened levels of economic uncertainty, which are having an impact on all businesses, GPC included. Our Company remains in sound condition, however, and we believe that our continued focus on the consistent execution of our short and long term growth plans, as well as our ongoing initiatives to further strengthen our balance sheet, will pull our Company through the difficult economy.
8:32AM Sonic reports EPS in-line, revs in-line (SONC) 11.16 : Reports Q4 (Aug) earnings of $0.33 per share, in-line with the First Call consensus of $0.33; revenues rose 1.2% year/year to $226.9 mln vs the $228.6 mln consensus. drive-ins. Sonic's system-wide same-store sales declined 0.6% in the fourth quarter of fiscal 2008 compared with an increase of 3.1% in the year-earlier period. The overall decline for the fourth quarter reflected a 0.7% increase at franchise drive-ins, which was more than offset by a 6.3% decline at partner drive-ins.
7:32AM V.F. Corp reports EPS in-line, misses on revs (VFC) 58.50 : Reports Q3 (Sep) earnings of $2.03 per share, excluding a net benefit of $0.07 from unusual items, in-line with the First Call consensus of $2.03; revenues rose 6.4% year/year to $2.21 bln vs the $2.24 bln consensus. "We continue to anticipate record fourth quarter revenues and earnings per share. However, the month of September -- particularly the second half -- marked a turning point in market conditions, with a significant deepening of the global financial crisis and worsening economic conditions taking a heavy toll on consumer confidence and spending in many markets around the world. Accordingly, we have reduced our expectations for the quarter and now anticipate a 3 to 4% rise in revenues and a 1 to 5% increase in earnings per share. Our previous guidance was for revenue and earnings per share increases of 8% and 20%, respectively."
7:03AM Honeywell beats by $0.02; guides for FY08 (HON) : Reports Q3 (Sep) earnings of $0.97 per share, $0.02 better than the First Call consensus of $0.95; revenues rose 6.2% year/year to $9.28 bln vs the $9.59 bln consensus. Co issues guidance for FY08, sees EPS of $3.76-3.80 vs. $3.81 consensus; sees FY08 revs of $37.8 bln vs. $37.86 bln consensus.
6:02AM Schlumberger beats by $0.04, beats on revs (SLB) 53.20 : Reports Q3 (Sep) earnings of $1.29 per share, excluding hurricane impacts, $0.04 better than the First Call consensus of $1.25; revenues rose 22.5% year/year to $7.26 bln vs the $7.02 bln consensus.
3:10AM Sony Ericsson reports Q308 results (ERIC) 6.97 : Co reports Q3 sales decreased 9.7% year/year to EUR 2.81 bln. The ASP for its handsets dropped to EUR 109 from EUR 116 in Q208 and from EUR 120 a year earlier, due in part to more lower-priced phones being sold. Co ships 25.7 mln phones in the quarter, up 5.3% from the previous quarter. Its market share remained flat at 8% in the second quarter. ERIC reports net loss of EUR 25 million from a EUR 267 mln net profit a year prior. Gross margin fell to 22% from 31% in Q307 and 23% in Q208. Co aims to cut operating costs by EUR 300 mln annually by mid-2009.
1:07AM MGIC Investment beats by $0.14, beats on revs (MTG) 6.35 : Reports Q3 (Sep) loss of $1.06 per share, excluding non-recurring items, $0.14 better than the First Call consensus of ($1.20); revenues fell 16.9% year/year to $461.6 mln vs the $442.9 mln consensus
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