6:03PM Andersons lowers FY08 EPS below consensus (ANDE) 29.79 +2.31 : Co lowers FY08 EPS to $3.50-4.00 vs $5.39 consensus, down from $5.00-5.40. Co says, "The decrease is primarily attributed to the recent sharp decline in global fertilizer prices, which has led to write downs of certain fertilizer inventories and will lead to significant margin decreases within the Plant Nutrient Group. Additionally, despite falling prices, fourth quarter volume for the group is expected to be weak. In spite of this change, it is anticipated that the Plant Nutrient Group will have a record performance in 2008." Co also notes that the original guidance for the year, issued in May, was a range of $3.65 to $4.00 per diluted share. Subsequent increases in guidance during the year resulted from realized and anticipated effects from sharp increases in global fertilizer prices.
5:05PM Walter Inds reports EPS in-line, beats on revs (WLT) 30.84 +1.57 : Reports Q3 (Sep) earnings of $1.27 per share, excluding non-recurring items, in-line with the First Call consensus of $1.27; revenues rose 24.3% year/year to $388 mln vs the $378.8 mln consensus. Co sees 2-2.1 mln short tons sold of metallurgical coal and 106,000-112,000 tons of coke in Q4. Metallurgical coal production for 2009 is expected to total between 8.0 and 8.4 million tons, compared to a previously announced range of 8.0 to 8.5 million tons.
4:32PM Centex misses by $0.68, misses on revs (CTX) 9.26 +0.65 : Reports Q2 (Sep) loss of $1.62 per share, including $103 million of impairments and other land related charges, $0.68 worse than the First Call consensus of ($0.94); revenues fell 54.0% year/year to $1 bln vs the $1.3 bln consensus.
4:27PM Denny's beats by $0.04, reports revs in-line; guides FY08 revs in-line (DENN) 1.28 -0.01 : Reports Q3 (Sep) earnings of $0.11 per share, $0.04 better than the First Call consensus of $0.07; revenues fell 21.6% year/year to $189.3 mln vs the $188.2 mln consensus. Co issues in-line guidance for FY08, sees FY08 revs of $762 mln vs. $759.21 mln consensus. In the qtr, same-store sales decreased 2.7% at company units and decreased 6.1% at franchised units. Co provides further FY08 guidance, see co restaurant sales of ~ $650 mln compared with $845 mln in 2007. Adjusted income before taxes* of approximately $20 mln compared with $10.5 mln in 2007. Co same-store sales of (2.0%) to (1.0%) for 2008
4:26PM GMarket beats by $0.03 (GMKT) 14.19 +1.00 : Reports Q3 (Sep) earnings of $0.24 per share, $0.03 better than the First Call consensus of $0.21. Gmarket reported total revenues of Won 68.5 billion for the third quarter of 2008, representing a 32% increase from total revenues of Won 52.1 billion for the third quarter of 2007.
4:22PM Cardica misses by $0.02 (CRDC) 5.97 -0.04 : Reports Q1 (Sept) ($0.33), $0.02 worse than the First Call consensus of ($0.31); revenues rose 56.1% year/year to $2.11 bln vs the $2.74 bln consensus. Co sees Fy09 revs of $14-17 mln vs $16.0 mln consensus.
4:19PM Extra Space Storage beats by $0.15, beats on revs; guides FY08 EPS above consensus (EXR) 9.77 +1.07 : Reports Q3 (Sep) earnings of $0.29 per share, $0.15 better than the First Call consensus of $0.14; revenues rose 9.4% year/year to $69.8 mln vs the $64.8 mln consensus. Co issues upside guidance for FY08, sees EPS of $1.11-$1.12 vs. $0.51 consensus. Co sees FY08 same-store property revenue growth, including tenant reinsurance income, between 2.0% and 3.0%. Co states, "Despite the downturn in economic conditions during the quarter, our properties posted positive operating performance when compared to the same quarter last year. Our revenue management team is being proactive with rates and promotions utilizing real-time intelligence from our centralized database. This has meant we have been able to increase revenue and maintain occupancy similar to last year's levels..."
4:16PM Digital River misses by $0.01, misses on revs; guides Q4 EPS below consensus, revs below consensus; guides FY08 EPS below consensus, revs below consensus (DRIV) 25.16 +1.63 : Reports Q3 (Sep) earnings of $0.46 per share, $0.01 worse than the First Call consensus of $0.47; revenues rose 16.7% year/year to $96.3 mln vs the $98.4 mln consensus. Co issues downside guidance for Q4, sees EPS of $0.43-0.48 vs. $0.60 consensus; sees Q4 revs of $94-97 mln vs. $108.74 mln consensus. Co issues downside guidance for FY08, sees EPS of $1.82-1.86 vs. $1.98 consensus; sees FY08 revs of $392-395 vs. $409.13 mln consensus.
4:11PM Exactech beats by $0.01, misses on revs; guides Q4 EPS in-line, revs below consensus; guides FY08 EPS above consensus, revs above consensus (EXAC) 17.82 +0.10 : Reports Q3 (Sep) earnings of $0.16 per share, $0.01 better than the First Call consensus of $0.15; revenues rose 26.5% year/year to $37.9 mln vs the $38.8 mln consensus. Co issues mixed guidance for Q4, sees EPS of $0.23-0.25, excluding DOJ related expenses vs. $0.23 consensus; sees Q4 revs of $37-40 mln vs. $43.36 mln consensus. Co issues upside guidance for FY08, sees EPS of $1.06-1.14, excluding DOJ related expenses vs. $0.84 consensus; sees FY08 revs of $184-194 mln vs. $165.66 mln consensus.
4:11PM Flowserve beats by $0.18, beats on revs; reaffirms FY08 EPS guidance (FLS) 51.30 +7.80 : Reports Q3 (Sep) earnings of $1.96 per share, excluding non-recurring items, $0.18 better than the First Call consensus of $1.78; revenues rose 25.5% year/year to $1.15 bln vs the $1.11 bln consensus. Co reaffirms guidance for FY08, sees EPS to the high end of $7.20-7.50 vs. $7.63 consensus. "However, after comparing the current foreign exchange rates to those applicable when we issued our annual earnings forecast in July, we estimate a $0.60 adverse impact on the last half of 2008 EPS, including an adverse approximate impact of over $0.40 on projected fourth quarter 2008 earnings per share".
4:05PM CB&I beats by $0.07, misses on revs; guides FY08 EPS in-line, revs in-line (CBI) 9.04 +0.89 : Reports Q3 (Sep) earnings of $0.09 per share, $0.07 better than the First Call consensus of $0.02; revenues rose 33.5% year/year to $1.56 bln vs the $1.6 bln consensus. Co issues in-line guidance for FY08, sees EPS of ($0.10)-($0.30) vs. ($0.26) consensus; sees FY08 revs of $5.9-6.1 bln vs. $6.09 bln consensus. President and CEO comments, "We remain confident in our new award prospects in the fourth quarter and into 2009 despite the current global financial crisis," said Asherman. "Major producers have reaffirmed their commitment to maintaining capital expenditures for meeting future energy demand around the world. Considering the growing base load of our steel plate structure business, the recurring profitability of our technology business, our long-duration construction contracts, and new orders in nuclear, offshore and our core industry segments, we can achieve sustained earnings growth."
4:04PM Align Tech beats by $0.09, beats on revs; guides Q4 revs below consensus (ALGN) 5.98 +0.50 : Reports Q3 (Sep) earnings of $0.11 per share, excluding non-recurring items, $0.09 better than the First Call consensus of $0.02; revenues rose 5.2% year/year to $75.2 mln vs the $73.9 mln consensus. Co issues mixed guidance for Q4, sees EPS of $0.06-0.09 vs. $0.09 consensus; sees Q4 revs of $72.5-76.5 vs. $77.24 mln consensus.
4:04PM kforce.com beats by $0.01, reports revs in-line; guides Q4 EPS below consensus, revs below consensus (KFRC) 6.91 +0.03 : Reports Q3 (Sep) earnings of $0.20 per share, $0.01 better than the First Call consensus of $0.19; revenues rose 1.8% year/year to $250.9 mln vs the $251.3 mln consensus. Co issues downside guidance for Q4, sees EPS of $0.10-0.14 vs. $0.17 consensus; sees Q4 revs of $230-238 mln vs. $248.20 mln consensus.
4:04PM Celera Genomics beats by $0.01, beats on revs (CRA) 9.47 +0.26 : Reports Q1 (Sep) earnings of $0.01 per share, $0.01 better than the single analyst estimate of ($0.00); revenues rose 184.5% year/year to $45.8 mln vs the $43.6 mln estimate. For the second half of 2008, co expects EPS of $0.01-$0.02 and revs of $89-$93 mln, which now excludes one quarter of royalty revenue from Cepheid.
4:02PM Biomarin Pharm beats by $0.05, reports revs in-line; guides FY08 revs in-line (BMRN) 15.33 +0.67 : Reports Q3 (Sep) earnings of $0.08 per share, $0.05 better than the First Call consensus of $0.03; revenues rose 190.4% year/year to $72.6 mln vs the $72.1 mln consensus. Co issues in-line guidance for FY08, sees FY08 revs of $288-326 mln vs. $305.04 mln consensus.
9:02AM A.M. Castle beats by $0.06, beats on revs (CAS) 8.21 : Reports Q3 (Sep) earnings of $0.50 per share, $0.06 better than the First Call consensus of $0.44; revenues rose 11.0% year/year to $388.9 mln vs the $363.4 mln consensus.
8:54AM KC Southern misses by $0.01, misses on revs (KSU) 25.64 : Reports Q3 (Sep) earnings of $0.59 per share, excluding non-recurring items, $0.01 worse than the First Call consensus of $0.60; revenues rose 10.7% year/year to $491.5 mln vs the $500.9 mln consensus. The results exclude the financial impact of the two hurricanes that struck the Gulf Coast during the third quarter 2008 of more than one full point on the operating ratio or approximately $0.07 per diluted share.
8:13AM Royal Caribbean beats by $0.26, reports revs in-line; guides Q4 EPS in-line; guides FY08 EPS above consensus (RCL) 11.60 : Reports Q3 (Sep) earnings of $1.92 per share, $0.26 better than the First Call consensus of $1.66; revenues rose 5.6% year/year to $2.06 bln vs the $2.05 bln consensus. Co issues in-line guidance for Q4, sees EPS of $0.05-0.10 vs. $0.17 consensus. The company also noted that current 2009 fuel cost projections have dropped from $890 million in its previous guidance to $635 million currently. This drop of $255 million equates to $1.19 in EPS improvement. For 2009 the company's fuel consumption is 39% hedged, and assuming the company's fuel costs correlate with movement in the price of WTI, a $10 change in WTI per barrel, would equate to a $51 million change in the company's fuel expense for the full year.
8:10AM Art Technology beats by $0.01, beats on revs; guides for FY08 (ARTG) 2.00 : Reports Q3 (Sep) earnings of $0.03 per share, excluding non-recurring items, $0.01 better than the First Call consensus of $0.02; revenues rose 13.6% year/year to $40.8 mln vs the $40.3 mln consensus. Co issues guidance for FY08, sees FY08 revs of $159-162 mln vs. $162.85 mln consensus. Non-GAAP net income for the year ending December 31, 2008 is expected to be in the range of $10.0 mln to $13.0 mln. Product license bookings are now expected to grow 10% - 20% for 2008. The company is reiterating its cash flow from operations guidance. Cash flow from operations for 2008 is expected to be in the range of $28.0 mln to $32.0 mln.
8:08AM U.S. Steel beats by $0.70, beats on revs, expects a decline in Q4 results (X) 30.82 : Reports Q3 (Sep) earnings of $7.79 per share, $0.70 better than the First Call consensus of $7.09; revenues rose 67.9% year/year to $7.31 bln vs the $7.20 bln consensus. Co says "The volatile global economic climate is having significant negative effects on our business and our forward view is limited because of low order backlogs and short leadtimes. We expect a decline in Q4 results mainly due to softening demand and prices for flat-rolled products in North America and Europe, and we expect to continue to operate at reduced production levels, corresponding with customer order rates." Based on very weak market conditions, the co expects results to decline substantially for US Steel Europe (USSE) in Q4 while the co's Tubular segment in Q4 should be comparable to Q3.
8:05AM Tuesday Morning reports EPS in-line, revs in-line; guides FY09 EPS above consensus, revs above consensus (TUES) 1.56 : Reports Q1 (Sep) loss of $0.10 per share, in-line with the First Call consensus of ($0.10); revenues fell 14.0% year/year to $173.4 mln vs the $173.3 mln consensus. Co issues upside guidance for FY09, sees EPS of $0.19-0.21 vs. $0.00 consensus; sees FY09 revs of $854-859 mln vs. $814.91 mln consensus. Comparable store sales decreased 17.3% for the quarter. The decrease in comparable store sales was comprised of a 14.0% decrease in traffic and a 3.3% decrease in average ticket. "Disposable income continues to be pressured by tight credit, food and fuel inflation, declining home values, and losses in investment accounts. Consumers are cutting back non-essential purchases. Also, Tuesday Morning stores were impacted by the effects of two hurricanes that reduced sales by ~$4.2 mln and EPS by ~$0.02 during the quarter. Despite these pressures, we controlled inventory and expenses to partially offset the decline in demand. We remain focused on achieving annual profits and maintaining our strong balance sheet."
8:02AM Carpenter Tech misses by $0.24, misses on revs (CRS) 18.05 : Reports Q1 (Sep) earnings of $0.58 per share, $0.24 worse than the First Call consensus of $0.82; revenues fell 7.7% year/year to $413.7 mln vs the $452.2 mln consensus. "Given the unprecedented upheaval in the equity and credit markets, coupled with the pronounced recent decline in economic activity and the extended Boeing strike, we are preparing for a potential downturn in our markets during this fiscal year... With near-term economic conditions where they are, it is quite difficult for us to project our results over the balance of the year. Considering the current outlook, it is unlikely that we will achieve last year's operating margin level or meet our growth targets for revenue and earnings this year."
8:02AM Convergys beats by $0.04, misses on revs; guides Q4 EPS below consensus, revs below consensus (CVG) 9.91 : Reports Q3 (Sep) earnings of $0.29 per share, excluding non-recurring items, $0.04 better than the First Call consensus of $0.25; revenues fell 3.9% year/year to $676.2 mln vs the $688.5 mln consensus. Co issues downside guidance for Q4, sees EPS of $0.20 vs. $0.30 consensus; sees Q4 revs of $725-745 mln vs. $746.97 mln consensus. For 2009, the Company expects year-over-year revenue growth and improved operating performance excluding discrete charges.
7:47AM Valero Energy beats by $0.32, reports revs in-line (VLO) 15.11 : Reports Q3 (Sep) earnings of $1.86 per share, excluding non-recurring items, $0.32 better than the First Call consensus of $1.54; revenues rose 51.7% year/year to $35.96 bln vs the $35.79 bln consensus. Co said, "Uncertainty in the financial markets and a pessimistic economic outlook have noticeably added to the inherent volatility in the refining industry. Valero's stock price, like those of nearly all companies in the energy sector, has been hit hard. Obviously, we feel that our stock price has been beaten down unfairly when you consider our balance sheet strength, cash position, operations, and continuing profitability. You can expect us to maintain our balanced approach by investing in growth projects, paying off debt, buying back stock, and increasing dividends, but clearly we intend to hold much more cash than in the past."
7:35AM Estee Lauder beats by $0.04, reports revs in-line; guides FY09 EPS below consensus, revs in-line (EL) 32.59 : Reports Q1 (Sep) earnings of $0.26 per share, $0.04 better than the First Call consensus of $0.22; revenues rose 11.1% year/year to $1.9 bln vs the $1.88 bln consensus. Co issues mixed guidance for FY09, sees EPS of $2.20-2.50 vs. $2.60 consensus; sees FY09 rev growth of 3-5%, which equates to $8.148-8.306 bln vs. $8.28 bln consensus. "We believe that the slowdown in the global economy will impact our overall sales growth for the remainder of the fiscal year, and the unprecedented strengthening of the U.S. dollar against several major currencies will also have a negative impact on our results."
7:33AM Canadian Pacific beats by $0.07, beats on revs; reaffirms FY08 EPS guidance (CP) 34.73 : Reports Q3 (Sep) earnings of $1.11 per share, $0.07 better than the First Call consensus of $1.04; revenues rose 6.5% year/year to $1.26 bln vs the $1.16 bln consensus. Co reaffirms guidance for FY08, sees EPS of $4.00-4.20 vs. $3.85 consensus.
7:32AM TASER beats by $0.01, beats on revs (TASR) 4.27 : Reports Q3 (Sep) earnings of $0.01 per share, $0.01 better than the First Call consensus of ($0.00); revenues fell 19.7% year/year to $22.9 mln vs the $21.1 mln consensus.
7:32AM Occidental Petro beats by $0.07, beats on revs (OXY) 42.08 : Reports Q3 (Sep) earnings of $2.78 per share, $0.07 better than the First Call consensus of $2.71; revenues rose 45.8% year/year to $7.06 bln vs the $6.49 bln consensus. For the third quarter of 2008, daily oil and gas production averaged 588,000 barrels of oil equivalent, compared with 570,000 BOE per day produced in the third quarter of 2007. The bulk of the production increase was the result of 31,000 BOE per day higher production from the Dolphin project, which began production in the third quarter of 2007, partially offset by 5,000 BOE per day lower production resulting from Hurricane Ike and 13,000 BOE per day lower production in Libya as a result of the new contract that became effective in the third quarter of 2008.
7:31AM Adolor misses by $0.03, beats on revs (ADLR) 3.15 : Reports Q3 (Sep) loss of $0.29 per share, $0.03 worse than the First Call consensus of ($0.26); revenues rose 338.9% year/year to $7.9 mln vs the $7.6 mln consensus.
7:12AM McGraw-Hill beats by $0.06, misses on revs; guides Q4 EPS in-line; guides FY08 EPS in-line (MHP) 20.22 : Reports Q3 (Sep) earnings of $1.28 per share, excluding non-recurring items, $0.06 better than the First Call consensus of $1.22; revenues fell 6.4% year/year to $2.05 bln vs the $2.15 bln consensus. Co issues in-line guidance for Q4, sees EPS of $0.40-0.42 vs. $0.42 consensus. Co issues in-line guidance for FY08, sees EPS of $2.63-2.65 vs. $2.64 consensus.
7:09AM Rockwood Holdings beats by $0.07, misses on revs (ROC) 9.99 : Reports Q3 (Sep) earnings of $0.45 per share, excluding non-recurring items, $0.07 better than the First Call consensus of $0.38; revenues rose 15.4% year/year to $880.8 mln vs the $891.7 mln consensus.
7:09AM Interpublic beats by $0.02, beats on revs (IPG) 4.10 : Reports Q3 (Sep) earnings of $0.08 per share, $0.02 better than the First Call consensus of $0.06; revenues rose 11.5% year/year to $1.74 bln vs the $1.65 bln consensus. "During the past few weeks, it has become clear that the global financial situation has begun to weigh on marketers' spending plans for both the fourth quarter and 2009. As such, we will continue to monitor broader economic developments and to focus on meeting the needs of our clients and managing our margins. While we believe that with our strong performance year to date we remain positioned to achieve our financial objectives for 2008, the impact of an increasingly unsettled and volatile business
environment on our sector is not yet clear and creates a risk to meeting our stated goals."
7:08AM Patriot Coal reports Q3 EPS of $1.01 vs ($0.22) First Call consensus; revs $489.6 mln vs $466.84 mln First Call consensus (PCX) 12.17 -1.14 : "Looking forward to the fourth quarter, we will benefit from favorable pricing and from deflation of certain material and supply costs. Nevertheless, production issues will continue, and the immediate costs required to address labor shortages and transitions in production plans to optimize our combined operations will make it difficult to show significant improvement in fourth quarter EBITDA."
7:06AM Ashland misses by $0.31, reports revs in-line (ASH) 20.67 : Reports Q4 (Sep) loss of $0.01 per share, excluding non-recurring items, $0.31 worse than the First Call consensus of $0.30; revenues rose 6.3% year/year to $2.22 bln vs the $2.23 bln consensus. "We are significantly ahead of plan in achieving our run-rate annualized cost savings of $40 million by year-end fiscal 2009. Through the end of fiscal 2008, we have already achieved run-rate savings of $41 million, primarily in our Water Technologies and Performance Materials businesses. In total, we still expect to achieve $65 million of cost-structure efficiencies in our current businesses by the end of fiscal 2009."
7:05AM Sepracor misses by $0.04; guides FY08 EPS above consensus, revs in-line (SEPR) 11.47 : Reports Q3 (Sep) earnings of $0.10 per share, excluding non-recurring items, $0.04 worse than the First Call consensus of $0.14; revenues rose 9.6% year/year to $307.7 mln vs the $292.3 mln consensus. Co issues guidance for FY08, sees EPS of $1.27-1.47 vs. $1.26 consensus; sees FY08 revs of $1.275-1.325 bln vs. $1.27 bln consensus.
7:05AM Entergy misses by $0.02, beats on revs; reaffirms FY08 EPS guidance (ETR) 73.76 : Reports Q3 (Sep) earnings of $2.50 per share, excluding special items, $0.02 worse than the First Call consensus of $2.52; revenues rose 20.5% year/year to $3.96 bln vs the $3.86 bln consensus. Co reaffirms guidance for FY08, sees EPS of $6.50-6.90, excluding special items, vs. $6.68 consensus.
7:04AM Under Armour beats by $0.01, beats on revs; lowers FY08 guidance (UA) 18.11 : Reports Q3 (Sep) earnings of $0.51 per share, $0.01 better than the First Call consensus of $0.50; revenues rose 24.1% year/year to $231.9 mln vs the $227.2 mln consensus. Co lowers guidance for FY08, sees FY08 revs of $750-765 mln vs. $767.14 mln consensus, vs prior guidance of $765-775 mln. Co lowers its 2008 income from operations outlook to $97.5-104.5 mln, down from $104.5-105.5 mln prior guidance. Marketing expense for the third quarter of 2008 was 10.7% of net revenues versus 11.5% in the prior year's period. The Company still expects to invest in marketing at the high-end of the range of 12% to 13% of net revenues for the full year.
7:03AM China Security and Surveillance beats by $0.01, beats on revs; guides FY08 EPS in-line, revs above consensus; guides FY09 EPS above consensus, revs above consensus (CSR) 9.64 : Reports Q3 (Sep) earnings of $0.45 per share, excluding non-recurring items, $0.01 better than the First Call consensus of $0.44; revenues rose 82.4% year/year to $119.3 mln vs the $112.5 mln consensus. Co issues mixed guidance for FY08, sees EPS of $1.63-1.79, excluding non-recurring items, vs. $1.66 consensus; sees FY08 revs of $410.0-420.0 mln vs. $404.83 mln consensus. Co issues upside guidance for FY09, sees EPS of $2.16-2.26, excluding non-recurring items, vs. $2.11 consensus; sees FY09 revs of $600.0-630.0 mln vs. $534.06 mln consensus.
7:02AM Group 1 Auto misses by $0.01, misses on revs (GPI) 5.65 : Reports Q3 (Sep) earnings of $0.42 per share, $0.01 worse than the First Call consensus of $0.43; revenues fell 11.8% year/year to $1.43 bln vs the $1.48 bln consensus. Co announced that it is suspending its 2008 full-year earnings guidance. "Given the current volatility in the automotive industry, consumer lending and the overall economy, it is virtually impossible to project near-term industry sales levels."
6:11AM Whirlpool beats by $0.46, misses on revs; guides FY08 EPS below consensus and suspends share repurchase program (WHR) 50.03 : Reports Q3 (Sep) earnings of $2.15 per share, $0.46 better than the First Call consensus of $1.69; revenues rose 1.3% year/year to $4.9 bln vs the $4.98 bln consensus. Co issues downside guidance for FY08, sees EPS of $5.75-6.00 vs. $7.25 consensus. costs across its global operations will result in additional restructuring expenses. For the FY08, co now anticipates recording restructuring expenses of approx $170 mln compared with its previous estimate of $100 mln. Co suspends share repurchase program and plans to shed 5000 jobs by end of 2009.
6:09AM Health Management misses by $0.01, reports revs in-line; reaffirms FY08 EPS guidance, guides FY08 revs in-line (HMA) 2.00 : Reports Q3 (Sep) earnings of $0.07 per share, excluding non-recurring items, $0.01 worse than the First Call consensus of $0.08; revenues rose 3.4% year/year to $1.08 bln vs the $1.08 bln consensus. Co issues mixed guidance for FY08, sees EPS of $0.41-0.47 vs. $0.42 consensus; sees FY08 revs of $4.4-4.6 bln vs. $4.45 bln consensus.
6:07AM AMEDISYS beats by $0.07, beats on revs; guides FY08 EPS above consensus, revs in-line (AMED) 45.54 : Reports Q3 (Sep) earnings of $0.89 per share, excluding non-recurring items, $0.07 better than the First Call consensus of $0.82; revenues rose 77.7% year/year to $321.6 mln vs the $312.5 mln consensus. Co issues guidance for FY08, sees EPS of $3.20-3.25 vs. $3.10 consensus; sees FY08 revs of $1.15-1.175 bln vs. $1.16 bln consensus.
6:04AM Centene beats by $0.03, beats on revs; guides FY08 EPS in-line, revs in-line (CNC) 17.73 : Reports Q3 (Sep) earnings of $0.48 per share, excluding non-recurring items, $0.03 better than the First Call consensus of $0.45; revenues rose 19.6% year/year to $897.1 mln vs the $886.2 mln consensus. Co issues in-line guidance for FY08, sees EPS of $1.87-1.92 vs. $1.91 consensus; sees FY08 revs of $3.39-3.41 bln vs. $3.48 bln consensus.
5:12AM CNOOC announces Q308 results (CEO) 56.04 : Co announces that its total revenue (unaudited) amounted to RMB 30.9 bln (equivalent to $4.5 bln) for Q308, representing an increase of 69.1% year/year. Co also achieves a total net daily production of 549,589 barrels of oil equivalent, an increase of 15.2% over last year.
5:09AM Smith Intl beats by $0.04, beats on revs; guides FY08 EPS in-line (SII) 26.49 : Reports Q3 (Sep) earnings of $1.01 per share, excluding non-recurring items, $0.04 better than the First Call consensus of $0.97; revenues rose 26.9% year/year to $2.85 bln vs the $2.71 bln consensus. Co issues in-line guidance for FY08, sees EPS of $3.83-3.88 vs. $3.83 consensus.
5:07AM Check Point Sftwr beats by $0.01, reports revs in-line (CHKP) 17.51 : Reports Q3 (Sep)
earnings of $0.44 per share, excluding non-recurring items, $0.01 better than the First Call consensus of $0.43; revenues rose 8.5% year/year to $199.7 mln vs the $200.1 mln consensus.
12:53AM U.S. Concrete sees lower Q308 EPS (RMIX) 2.35 : Co issues downside guidance for Q3 (Sep), sees EPS of $0.04-0.06 vs. $0.09 First Call consensus; sees Q3 (Sep) revs of $213.0 vs. $215.21 mln consensus. U.S. Concrete's President and Chief Executive Officer, Michael W. Harlan, stated, "We continue to face a challenging environment for sales volumes and expect to see continued quarterly decreases in demand on a year-over-year basis for the balance of the year and into 2009. Compared to the third quarter of 2007, ready-mixed concrete sales volumes were down approximately 17% on a same-plant-sales basis, which was greater than expected. Our average ready-mixed concrete selling price improved approx 2% from last year's third quarter and was flat compared to the second quarter of 2008. Overall, we expect third quarter 2008 revenues to be about $213 mln, down approx 15% from the third quarter of 2007. Our ready-mixed concrete raw materials spread (revenue less materials costs) was up slightly compared to the second quarter of 2008, while down only 40 basis points from the third quarter of 2007. As a result, we expect third quarter EBITDA to be in the range of $16.5-17.5 mln.
12:33AM SL Green Rlty beats by $0.06, beats on revs (SLG) 26.88 : Reports Q3 (Sep) funds from operations of $1.45 per share, $0.06 better than the First Call consensus of $1.39; revenues rose 9.5% year/year to $268.7 mln vs the $248.4 mln consensus.
12:30AM Albemarle misses by $0.04, beats on revs (ALB) 19.06 : Reports Q3 (Sep) earnings of $0.61 per share, $0.04 worse than the First Call consensus of $0.65; revenues rose 13.1% year/year to $660.5 mln vs the $634.9 mln consensus. Co approximates $0.07/share impact from two hurricanes and year/year increases in raw materials exceeding $50 mln.
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