6:34PM United Stationers beats by $0.30, beats on revs (USTR) 31.33 +0.50 : Reports Q3 (Sep) earnings of $1.26 per share, excluding non-recurring items, $0.30 better than the First Call consensus of $0.96; revenues rose 12.2% year/year to $1.34 bln vs the $1.26 bln consensus. Co says, "We are mindful of the weakening economic backdrop and the potential effects on the markets we serve. October sales to date are off to a slower start, trending up about 5% versus last year. Over the next few months, we expect sales and margin to reflect the benefit of announced manufacturer price increases. Our approach to cost and working capital management will be cautious, while staying focused on our near-term and longer-term growth strategies. We are leveraging United's unique distribution and marketing services to penetrate new channels and to help our manufacturing partners and customers to be even more efficient in these challenging market conditions. Despite the current uncertainty, we have confidence that our core capabilities, disciplined approach to operational excellence, and investments for the future should enable us to strengthen our leadership position."
5:11PM SW Energy beats by $0.12, beats on revs (SWN) 34.07 +3.12 : Reports Q3 (Sep) earnings of $0.53 per share, excluding a $0.10 after tax gain from the sale of its utility assets, $0.12 better than the First Call consensus of $0.41; revenues rose 137.4% year/year to $682.9 mln vs the $571.7 mln consensus. The co has increased its production guidance for the fourth quarter of 2008 to 53.0 to 55.0 Bcfe, up from 50.0 to 52.0 Bcfe. Southwestern's total oil and gas production guidance for 2008 of 190.0 to 192.0 Bcfe represents an increase of approximately 68% over the company's 2007 oil and gas production. Of this total, approximately 127.0 to 130.0 Bcf is expected to come from the Fayetteville Shale.
5:11PM Massey Energy misses by $0.09, misses on revs (MEE) 20.41 -0.76 : Reports Q3 (Sep) earnings of $0.64 per share, $0.09 worse than the First Call consensus of $0.73; revenues rose 26.5% year/year to $763.3 mln vs the $771.3 mln consensus. The Company projects produced coal shipments for the full year 2008 will be approximately 41.5 million tons, with average produced coal realization between $64.00 and $65.00 per ton. Excluding the WP litigation charges incurred during the year, average cash cost per ton in 2008 is expected to be between $48.00 and $49.50. Other income is expected to be between $50 and $75 million.
5:02PM Oceaneering Intl beats by $0.03, misses on revs; guides FY08 EPS in-line (OII) 29.11 +1.94 : Reports Q3 (Sep) earnings of $0.99 per share, $0.03 better than the First Call consensus of $0.96; revenues rose 6.3% year/year to $515.8 mln vs the $526.6 mln consensus. Co issues in-line guidance for FY08, sees EPS of $3.53-3.61 vs. $3.59 consensus.
5:01PM VisionChina Media beats by $0.04, beats on revs; guides Q4 revs in-line (VISN) 10.52 +2.32 : Reports Q3 (Sep) earnings of $0.26 per share, $0.04 better than the First Call consensus of $0.22; revenues rose 76.8% year/year to $35.9 mln vs the $35.5 mln consensus. Co issues in-line guidance for Q4, sees Q4 revs of $34-36 mln vs. $34.55 mln consensus.
4:42PM Dresser-Rand reports EPS in-line, misses on revs (DRC) 22.92 +1.71 : Reports Q3 (Sep) earnings of $0.57 per share, in-line with the First Call consensus of $0.57; revenues rose 39.7% year/year to $543.9 mln vs the $584 mln consensus. Demand for rotating equipment and aftermarket parts and services continues to be strong. The backlog of orders has continued to increase to record levels. At September 30, 2008, 64% of the backlog of $2,385.9 million is scheduled to ship in 2009 and beyond. The Company continues to believe that its 2008 operating income will be in the range of $300 million to $315 million.
4:35PM Conexant beats by $0.01, reports revs in-line; guides Q1 EPS below consensus, revs below consensus (CNXT) 2.10 +0.55 : Reports Q4 (Sep) earnings of $0.26 per share, $0.01 better than the First Call consensus of $0.25; revenues fell 11.8% year/year to $122.6 mln vs the $122.3 mln consensus. Co issues downside guidance for Q1, sees EPS of $0.09-0.12 vs. $0.22 consensus; sees Q1 revs of $103-108 mln vs. $124.57 mln consensus.4:33PM Conexant beats by $0.01, reports revs in-line; guides Q1 EPS below consensus, revs below consensus (CNXT) 2.10 +0.55 : Reports Q4 (Sep) earnings of $0.26 per share, excluding non-recurring items, $0.01 better than the First Call consensus of $0.25; revenues fell 11.7% year/year to $122.6 mln vs the $122.3 mln consensus. Co issues downside guidance for Q1, sees EPS of $0.09-0.12 vs. $0.22 consensus; sees Q1 revs of $103-108 mln vs. $124.57 mln consensus.
4:28PM Monster Worldwide beats by $0.07, misses on revs (MNST) : Reports Q3 (Sep) earnings of $0.40 per share, $0.07 better than the First Call consensus of $0.33; revenues rose 0.7% year/year to $332.2 mln vs the $336.9 mln consensus. Co announces that it has filed an application to list its common stock on NYSE Euronext. The co expects to begin trading on the NYSE on Nov 10, 2008 under the stock symbol MWW.
4:27PM Chesapeake Energy misses by $0.03 (CHK) 22.07 +1.42 : Reports Q3 (Sep) earnings of $0.85 per share, $0.03 worse than the First Call consensus of $0.88; revenues rose 269.6% year/year to $7.49 bln. Daily production for the 2008 third quarter averaged 2.321 bcfe, a decrease of 7 mmcfe, or 0.3%, over the 2.328 bcfe produced per day in the 2008 second quarter and an increase of 295 mmcfe, or 15%, over the 2.026 bcfe produced per day in the 2007 third quarter.
4:25PM Wynn Resorts beats by $0.03, beats on revs (WYNN) 46.50 +5.45 : After preannouncing certain items on Oct 13, the co reports Q3 (Sep) earnings of $0.62 per share, excluding non-recurring items, $0.03 better than the First Call consensus of $0.59; revenues rose 17.7% year/year to $769.2 mln vs the $747.3 mln consensus.
4:23PM LaserCard beats by $0.20, beats on revs (LCRD) 4.09 +0.30 : Reports Q2 (Sep) earnings of $0.02 per share, $0.20 better than the First Call consensus of ($0.18); revenues rose 26.2% year/year to $13.5 mln vs the $9.6 mln consensus.
4:21PM Sequenom misses by $0.01, misses on revs; reaffirms FY08 revs guidance, raises net loss guidance (SQNM) : Reports Q3 (Sep) loss of $0.18 per share, $0.01 worse than the First Call consensus of ($0.17); revenues rose 18.4% year/year to $11.6 mln vs the $12.9 mln consensus. Co reaffirms guidance for FY08, sees FY08 revs of $50 mln vs. $51.10 mln consensus. Net loss is expected to be approx $39 mln, up from prior guidance of $36 mln, due to costs expected in connection with the acquisition of the CLIA-certified laboratory and other licensing activities. "We expect the Genomic Analysis business segment will reach cash flow break-even during 2009 with current growth rates and operational leverage. We believe we have sufficient capital to commercialize our noninvasive prenatal tests and turn profitable on a consolidated basis in 2010 or 2011 without further equity financing requirements."
4:21PM Chiquita Brands beats by $0.43, beats on revs (CQB) 13.51 +0.43 : Reports Q3 (Sep) loss of $0.13 per share, $0.43 better than the First Call consensus of ($0.56); revenues rose 7.0% year/year to $840 mln vs the $830.5 mln consensus.
4:17PM Morningstar misses by $0.06, misses on revs (MORN) 39.80 +0.76 : Reports Q3 (Sep) earnings of $0.45 per share, $0.06 worse than the First Call consensus of $0.51; revenues rose 12.2% year/year to $125.5 mln vs the $132.2 mln consensus. "Because we derive about 15% of our revenue from asset-based fees, the market downturn restrained our growth during the quarter."
4:16PM KLA-Tencor misses by $0.02, beats on revs (KLAC) 21.34 +0.53 : Reports Q1 (Sep) earnings of $0.32 per share, excluding non-recurring items, $0.02 worse than the First Call consensus of $0.34; revenues fell 23.1% year/year to $533 mln vs the $518.5 mln consensus.
4:15PM thinkorswim beats by $0.05, beats on revs (SWIM) 7.37 +0.75 : Reports Q3 (Sep) earnings of $0.29 per share, $0.05 better than the First Call consensus of $0.24; revenues rose 9.9% year/year to $98.1 mln vs the $93.1 mln consensus.
4:15PM Coinstar beats by $0.04, reports revs in-line (CSTR) 21.88 +0.77 : Reports Q3 (Sep) earnings of $0.20 per share, excluding non-recurring items, $0.04 better than the First Call consensus of $0.16; revenues rose 67.8% year/year to $240.5 mln vs the $242.7 mln consensus.
4:12PM AuthenTec beats by $0.02, reports revs in-line; guides Q4 EPS below consensus, revs below consensus (AUTH) 1.65 +0.03 : Reports Q3 (Sep) earnings of $0.05 per share, $0.02 better than the First Call consensus of $0.03; revenues rose 21.9% year/year to $18.4 mln vs the $18.3 mln consensus. Co issues downside guidance for Q4, sees EPS of -0.01-0.03 vs. $0.02 consensus; sees Q4 revs of $12.5-13.5 mln vs. $17.85 mln consensus.
4:11PM American Phys beats by $0.08; reaffirms FY08 EPS guidance; guides FY09 EPS above consensus (ACAP) 37.19 -1.71 : Reports Q3 (Sep) earnings of $1.13 per share, $0.08 better than the First Call consensus of $1.05. Co reaffirms guidance for FY08, sees EPS of at least $4.25 vs. $4.37 consensus. Co issues upside guidance for FY09, sees EPS exceeding $4.25 vs. $4.22 consensus.
4:11PM Electronic Arts reports EPS in-line, beats on revs; guides FY09 EPS below consensus, revs in-line (ERTS) : Reports Q2 (Sep) loss of $0.06 per share, excluding non-recurring items, in-line with the First Call consensus of ($0.06); revenues rose 20.3% year/year to $1.13 bln vs the $1.08 bln consensus. Co issues mixed guidance for FY09, sees EPS of $1.00-1.40 vs. $1.42 consensus; sees FY09 revs of $5.0-5.3 bln vs. $5.04 bln consensus. "Considering the slowdown at retail we've seen in October, we are cautious in the short term. Longer term, we are very bullish on the game sector overall and on EA in particular..."
4:11PM Akamai Tech beats by $0.01, beats on revs (AKAM) 13.56 -0.33 : Reports Q3 (Sep) earnings of $0.40 per share, excluding non-recurring items, $0.01 better than the First Call consensus of $0.39; revenues rose 22.4% year/year to $197.3 mln vs the $195.2 mln consensus.
4:11PM McAfee beats by $0.04, beats on revs; guides Q4 EPS in-line, revs in-line (MFE) 27.75 +0.08 : Reports Q3 (Sep) earnings of $0.53 per share, excluding non-recurring items, $0.04 better than the First Call consensus of $0.49; revenues rose 27.2% year/year to $409.7 mln vs the $395.2 mln consensus. Co issues in-line guidance for Q4, sees EPS of $0.50-0.56 vs. $0.52 consensus; sees Q4 revs of $400-420 mln vs. $405.51 mln consensus.
4:11PM Bankrate beats by $0.16, beats on revs; guides FY08 revs to mid-to-upper end of prior range (RATE) 26.70 -0.48 : Reports Q3 (Sep) earnings of $0.50 per share, excluding non-recurring items, $0.16 better than the First Call consensus of $0.34; revenues rose 76.7% year/year to $44 mln vs the $41.8 mln consensus. Co issues in-line guidance for FY08, expects to be at the mid-to-upper range of FY08 rev guidance of $164-169 mln vs. $167.02 mln consensus; sees adjusted EBITDA slightly exceeding the prior guidance of $54-58 mln. The mid-to-upper range of the revenue guidance represents a 74% to 77% increase over 2007 and the top-end of the Adjusted EBITDA guidance represents a 39% increase in Adjusted EBITDA over 2007.
4:10PM Dynamic Materials beats by $0.21, beats on revs (BOOM) 16.88 +2.31 : Reports Q3 (Sep) earnings of $0.57 per share, $0.21 better than the First Call consensus of $0.36; revenues rose 24.5% year/year to $52.4 mln vs the $51.5 mln consensus.
4:10PM Thoratec beats by $0.07, beats on revs; guides FY08 EPS above consensus, revs above consensus (THOR) 21.85 +1.20 : Reports Q3 (Sep) earnings of $0.17 per share, $0.07 better than the First Call consensus of $0.10; revenues rose 44.0% year/year to $80.8 mln vs the $69.4 mln consensus. Co issues upside guidance for FY08, sees EPS of $0.54-0.59 vs. $0.52 consensus; sees FY08 revs of $302-308 mln vs. $294.86 mln consensus.
4:09PM CardioNet beats by $0.01, beats on revs; guides FY08 revs in-line (BEAT) 22.26 +0.96 : Reports Q3 (Sep) earnings of $0.11 per share, ex-items, $0.01 better than the First Call consensus of $0.10; revenues rose 52.2% year/year to $31.2 mln vs the $30.7 mln consensus. Co issues in-line guidance for FY08, sees FY08 revs of $117-$120 mln vs. $119.74 mln consensus.
4:09PM BMC Software beats by $0.05, reports revs in-line; guides FY09 EPS above consensus (BMC) 25.19 +1.48 : Reports Q2 (Sep) earnings of $0.56 per share, $0.05 better than the First Call consensus of $0.51; revenues rose 11.0% year/year to $467 mln vs the $467.4 mln consensus. Co issues upside guidance for FY09, sees EPS of $2.15-2.25 vs. $2.13 consensus. The co now expects total bookings in 2009 to increase in the mid single digits and total revenue growth in the high single digits. The co also now expects cash flow from operations to be between $600 mln and $650 mln, seasonally skewed to the second half of the fiscal year.
4:07PM Express Scripts beats by $0.03, beats on revs; guides FY08 EPS in-line; guides FY09 EPS in-line (ESRX) 57.57 +6.48 : Reports Q3 (Sep) earnings of $0.81 per share, $0.03 better than the First Call consensus of $0.78; revenues rose 1.7% year/year to $5.45 bln vs the $4.65 bln consensus. Co issues in-line guidance for FY08, sees EPS of $3.07-3.10 vs. $3.07 consensus. Co issues in-line guidance for FY09, sees EPS of $3.63-3.73 vs. $3.63 consensus.
4:05PM Millipore beats by $0.10, reports revs in-line (MIL) 51.38 +1.30 : Reports Q3 (Sep) earnings of $0.93 per share, $0.10 better than the First Call consensus of $0.83; revenues rose 6.5% year/year to $395 mln vs the $395.6 mln consensus.
4:04PM Stanley beats by $0.04, reports revs in-line; guides DecQ and FY09 EPS above consensus (SXE) 31.00 +1.90 : Reports Q2 (Sep) earnings of $0.37 per share, $0.04 better than the First Call consensus of $0.33; revenues rose 27.2% year/year to $191.1 mln vs the $190.9 mln consensus. For Q3 (Dec), co sees EPS of $0.35-0.37 vs. $0.34 consensus; sees Q3 revs of $195-202 mln vs. $199.2 mln consensus. For FY09, co sees EPS of $1.44-1.48 vs. $1.38 consensus; sees FY09 revs of $765-780 mln vs. $779.7 mln consensus.
4:02PM WebMD Health beats by $0.02, reports revs in-line; guides Q4 EPS below consensus, revs below consensus; guides FY09 EPS in-line, revs in-line (WBMD) 24.87 -3.14 : Reports Q3 (Sep) earnings of $0.18 per share, $0.02 better than the First Call consensus of $0.16; revenues rose 16.6% year/year to $100.4 mln vs the $100 mln consensus. Co issues downside guidance for Q4, sees EPS of $0.16-0.19 vs. $0.21 consensus; sees Q4 revs of $104-108 mln vs. $112.06 mln consensus. Co issues in-line guidance for FY09, sees EPS of $0.48-0.69 vs. $0.67 consensus; sees FY09 revs of $420-450 mln vs. $435.32 mln consensus.
4:02PM Psychiatric Solutions misses by $0.01, misses on revs; reaffirms FY08 EPS guidance; guides FY09 EPS in-line (PSYS) : Reports Q3 (Sep) earnings of $0.51 per share, $0.01 worse than the First Call consensus of $0.52; revenues rose 13.1% year/year to $448 mln vs the $455.6 mln consensus. Co reaffirms guidance for FY08, sees EPS of $2.02-2.03 vs. $2.04 consensus. Co issues in-line guidance for FY09, sees EPS of $2.40-2.44 vs. $2.40 consensus.
4:02PM Dollar Financial beats by $0.15, beats on revs (DLLR) 9.90 +1.22 : Reports Q1 (Sep) earnings of $0.56 per share, excluding non-recurring items, $0.15 better than the First Call consensus of $0.41; revenues rose 17.0% year/year to $153.1 mln vs the $144.5 mln consensus. "We are pleased with our results for the quarter as we achieved record revenue of $153.1 million with total global revenue growing by 17.0% over the prior year's quarter. Although these are unprecedented times of extreme market volatility, we are confident in the strength and resiliency of our business model. Our growth strategy continues to focus on developing our business as a multi-product, multi-country, multi-channel retailer of basic financial services for the under-banked consumer. In addition, the Company has a very strong cash position, minimal near-term debt obligations, and substantial annual free cash flow from business operations, providing us with ample liquidity to fund our present operations and the expected growth and expansion of our global multi-product, multi-national business platform."
9:27AM Marathon Oil beats by $0.58, reports revs in-line (MRO) 25.64 : Reports Q3 (Sep) earnings of $2.90 per share, includes one time gains on derivative contracts, $0.58 better than the First Call consensus of $2.32; revenues rose 38.3% year/year to $23.45 bln vs the $23.4 bln consensus. "MRO is on track to achieve our goal of $2-4 bln in gross proceeds from the ongoing portfolio review by mid-year 2009," says Clarence P. Cazalot, Jr., president and CEO. The proceeds have to do with asset sales. The refining and wholesale marketing gross margin per gallon was 25.19 cents in the third quarter of 2008.
9:08AM Brush Engineered Materials beats by $0.09, beats on revs; reaffirms FY08 EPS guidance (BW) 9.90 : Reports Q3 (Sep) earnings of $0.41 per share, excluding items, $0.09 better than the First Call consensus of $0.32; revenues rose 4.2% year/year to $240.5 mln vs the $237.3 mln consensus. Co reaffirms guidance for FY08, sees EPS of $1.45-1.60, excluding items, vs. $1.47 consensus.
9:04AM Expedia misses by $0.01, reports revs in-line (EXPE) 12.00 : Reports Q3 (Sep) earnings of $0.39 per share, $0.01 worse than the First Call consensus of $0.40; revenues rose 9.7% year/year to $833.3 mln vs the $828.5 mln consensus. "Yes, it's a difficult environment, but that's everyone's news, and for travel any predictions about its depth or duration would be foolish," said Barry Diller, Expedia's Chairman and Senior Executive. "What is important for shareholders of Expedia to know is that the Company is well capitalized, focused only on operating its sole travel services business, with no distractions, and a conviction that it will emerge stronger in every line of its business."
8:47AM Apache misses by $0.20, misses on revs (APA) 74.81 : Reports Q3 (Sep) earnings of $3.52 per share, $0.20 worse than the First Call consensus of $3.72; revenues rose 34.3% year/year to $3.36 bln vs the $3.63 bln consensus. Three developments are expected to impact Apache's 2009 production: Two new gas processing trains are expected to commence operations in Egypt by year end, boosting net production by approximately 100 million cubic feet (MMcf) of gas and 5,000 barrels of condensate per day; the Van Gogh field in Australia is expected to contribute a net 20,000 barrels of oil per day beginning in mid-2009; and the Geauxpher field in the Gulf of Mexico is expected to commence production during the first quarter at a net rate of
approximately 50 MMcf of gas per day.
8:17AM Moog beats by $0.01, beats on revs; guides FY08 EPS above consensus, revs above consensus (MOG.A) 31.28 : Reports Q4 (Sep) earnings of $0.74 per share, $0.01 better than the First Call consensus of $0.73; revenues rose 18.7% year/year to $490.8 mln vs the $476.4 mln consensus. Co issues upside guidance for FY08, sees EPS of $3.08 vs. $2.75 consensus; sees FY08 revs of $1.995-2.035 bln vs. $1.89 bln consensus.
8:17AM Diebold beats by $0.06, beats on revs; issues upside FY08 EPS guidance (DBD) 25.62 : Reports Q3 (Sep) earnings of $0.70 per share, $0.06 better than the First Call consensus of $0.64; revenues rose 20.2% year/year to $890.3 mln vs the $815.8 mln consensus. Co issues upside guidance, sees FY08 EPS of $2.53-$2.58 on rev growth of 8-10%.
8:16AM Lubrizol misses by $0.06, beats on revs; guides FY08 EPS in-line, revs in-line (LZ) 34.18 : Reports Q3 (Sep) earnings of $0.98 per share, excluding non-recurring items and including $0.18 of charges related to Hurricane Ike, $0.06 worse than the First Call consensus of $1.04; revenues rose 21.5% year/year to $1.36 bln vs the $1.29 bln consensus. Co issues in-line guidance for FY08, sees EPS of $4.43-4.58, excluding non-recurring items, vs. $4.47 consensus; sees FY08 revs of $5.26 bln vs. $5.19 bln consensus. Hurricane Ike estimated to have reduced quarterly results by ~ $0.18 per share. Revenue growth of ~ 17% compared with 2007; Price increases projected to improve unit material margins and offset expected raw material increases; Capital expenditures of ~ $205-215 mln.
8:15AM Olympic Steel beats by $0.56, but misses on revs (ZEUS) 20.42 : Reports Q3 (Sep) earnings of $2.21 per share, $0.56 better than the First Call consensus of $1.65; revenues rose 30.9% year/year to $335.2 mln vs the $354.8 mln consensus. Co says "Given the uncertainty surrounding the economic and financial environment, there is limited forward market visibility. We believe we are appropriately positioned for these challenging economic conditions with a strong, low-leveraged balance sheet, and a proven disciplined approach to working capital management and turnover."
8:04AM Omnicare beats by $0.12, beats on revs; guides FY08 EPS above consensus (OCR) 22.03 : Reports Q3 (Sep) earnings of $0.61 per share, excluding non-recurring items, $0.12 better than the First Call consensus of $0.49; revenues rose 4.3% year/year to $1.6 bln vs the $1.57 bln consensus. Co issues upside guidance for FY08, sees EPS of $2.09-2.11 vs. $1.90 consensus.
8:03AM Freightcar America beats by $0.47, beats on revs (RAIL) 20.98 : Reports Q3 (Sep) earnings of $0.62 per share, $0.47 better than the First Call consensus of $0.15; revenues rose 46.8% year/year to $238 mln vs the $173.4 mln consensus... Co comments: "Orders for new railcars totaled 2,329 units in 3Q08, compared with 1,436 units ordered in the second quarter of 2008 and 1,262 units ordered in the third quarter of 2007. The backlog of unfilled orders was 4,401 units at September 30, 2008, which consists of 4,205 new cars and 196 rebuild / refurbishment cars, compared with 4,930 units at September 30, 2007 and 4,917 units at June 30, 2008. We expect to see similar uneven industry trends for the remainder of the year."
8:03AM Brinks beats by $0.11, beats on revs (BCO) 42.11 : Reports Q3 (Sep) earnings of $1.00 per share, $0.11 better than the First Call consensus of $0.89; revenues rose 16.1% year/year to $948.8 mln vs the $920.7 mln consensus. At Brink's, higher profits from int'l operations more than offset lower results in North America. Profits at Brinks Home Security improved due to continued growth in the subscriber base and higher monitoring rates. B.H.S. is scheduled to be spun off as an independent publicly-traded co on Oct 31, trading under the symbol CFL. "For 2008, we are on track to meet or exceed our goal of high single-digit percentage revenue growth, and our full-year operating margin should be between 8.5% and 9%..."
7:52AM Pride Intl beats by $0.01 (PDE) 16.16 : Reports Q3 (Sep) earnings of $1.04 per share, $0.01 better than the First Call consensus of $1.03; revenues rose 16.8% year/year to $607.2 mln vs the $624.5 mln consensus. Co said, "While the current industry environment is characterized by increased uncertainty, we continue to possess the financial flexibility to successfully execute our operations and deepwater growth strategy. We have a strong liquidity position that includes $428 million of cash on hand at September 30, 2008 and an undrawn $500 million revolving credit facility, coupled with a current revenue backlog totaling approximately $9 billion, which is expected to produce steady growth in cash flows from operations."
7:47AM Huron Consulting beats by $0.02, reports revs in-line; guides FY08 EPS in-line, revs in-line (HURN) 44.09 : Reports Q3 (Sep) earnings of $0.44 per share, $0.02 better than the First Call consensus of $0.42; revenues rose 25.8% year/year to $168.7 mln vs the $167.3 mln consensus. Co issues in-line guidance for FY08, sees EPS of $2.12-$2.20 vs. $2.17 consensus; sees FY08 revs of $621-$629 mln vs. $627.29 mln consensus.
7:42AM IntercontinentalExchange reports EPS in-line, revs in-line (ICE) 61.79 : Reports Q3 (Sep) earnings of $1.04 per share, in-line with the First Call consensus of $1.04; revenues rose 32.5% year/year to $201.4 mln vs the $201.7 mln consensus. The increase in transaction revenue was driven primarily by new products, strong trading volume in ICE's futures and global OTC segments, an increase of participants in ICE's markets and the Creditex acquisition, which closed during the third quarter. ICE expects the Q4 non-cash compensation expense to be in the range of $10 mln to $12 mln, assuming certain full-year performance targets are achieved. ICE expects Q4 depreciation and amortization expense to be in the range of $26-28 mln. This includes $6.3 mln for amortization of Creditex intangibles and $6.5 mln related to ICE's exclusive Russell license agreement. Consistent with prior guidance, Creditex is expected to be dilutive in the range of $0.05 to $0.08 in the fourth quarter of 2008.
7:39AM Shaw Group beats by $0.27, misses on revs (SGR) 15.24 : Reports Q4 (Aug) earnings of $0.98 per share, $0.27 better than the First Call consensus of $0.71; revenues rose 11.7% year/year to $1.83 bln vs the $1.94 bln consensus.
7:36AM Alliant Tech beats by $0.07, reports revs in-line; guides FY09 EPS in-line, revs in-line (ATK) 79.77 : Reports Q2 (Sep) earnings of $1.87 per share, $0.07 better than the First Call consensus of $1.80; revenues rose 6.9% year/year to $1.1 bln vs the $1.11 bln consensus. Co issues in-line guidance for FY09, sees EPS of $7.40-$7.50 (vs. $7.43 consensus), up from its previous range of $7.25-$7.35; sees FY09 revs of 4.55 bln vs. $4.57 bln consensus.
7:36AM Energizer beats by $0.49, beats on revs (ENR) : Reports Q4 (Sep) earnings of $1.67 per share, $0.49 better than the First Call consensus of $1.18; revenues rose 28.3% year/year to $1.12 bln vs the $1.05 bln consensus. "Lower advertising and promotion spending, which we previously disclosed, was augmented by strong hurricane battery volumes in the U.S. and continued growth in our global razors and blades business... Aside from hurricane-related volume, the battery category continues to be soft in the U.S. and other developed markets. In addition, we estimate residual U.S. retail inventory from hurricane-related shipments combined with the level of early holiday shipments will dampen our sales by an additional $30 mln beyond any negative underlying retail consumption..."
7:36AM Barrick Gold misses by $0.05, misses on revs (ABX) 22.74 : Reports Q3 (Sep) earnings of $0.40 per share, excluding non-recurring items, $0.05 worse than the First Call consensus of $0.45; revenues rose 11.5% year/year to $1.88 bln vs the $2.05 bln consensus. Co expects 2008 gold production to be within its original guidance range at 7.6-7.8 million ounces. Expected total cash costs for the year continue to be in the range of $425-$445 per ounce.
7:35AM Mylan Labs beats by $0.12; guides FY08 EPS above consensus; guides FY09 EPS in-line (MYL) 6.98 : Reports Q3 (Sep) earnings of $0.23 per share, $0.12 better than the First Call consensus of $0.11. Co issues upside guidance for FY08, sees EPS of $0.64-0.67 vs. $0.50 consensus. Co issues in-line guidance for FY09, sees EPS of $0.90-1.10 vs. $0.98 consensus.
7:33AM Intl Game Tech misses by $0.03, reports revs in-line (IGT) 12.57 : Reports Q4 (Sep) earnings of $0.28 per share, excluding $0.10 non-cash charge, $0.03 worse than the First Call consensus of $0.31; revenues fell 4.6% year/year to $632.2 mln vs the $626.7 mln consensus. "Our fiscal 2008 results reflect challenging economic operating conditions affecting our customers and in turn our business," said Chairman and CEO TJ Matthews. "Despite these challenges, we remained focused on key business initiatives. During 2008, IGT released several new models on our Advanced Video Platform and released close to 700 game titles worldwide across all platforms.
7:32AM Dominion beats by $0.04, beats on revs; reaffirms FY08 EPS guidance; reaffirms FY09 EPS guidance (D) 35.21 : Reports Q3 (Sep) earnings of $0.94 per share, $0.04 better than the First Call consensus of $0.90; revenues rose 17.9% year/year to $4.23 bln vs the $3.55 bln consensus. Co reaffirms guidance for FY08, sees EPS of $3.10-3.15 vs. $3.11 consensus. Co reaffirms guidance for FY09, sees EPS of $3.30-3.45 vs. $3.33 consensus.
7:31AM Waste Mgt beats by $0.01, reports revs in-line (WMI) 29.60 : Reports Q3 (Sep) earnings of $0.63 per share, excluding non-recurring items, $0.01 better than the First Call consensus of $0.62; revenues rose 3.6% year/year to $3.52 bln vs the $3.52 bln consensus.
7:20AM Harsco beats by $0.05, reports revs in-line; guides FY08 EPS below consensus; guides FY09 EPS below consensus (HSC) 20.48 : Reports Q3 (Sep) earnings of $0.99 per share, $0.05 better than the First Call consensus of $0.94; revenues rose 12.6% year/year to $1.04 bln vs the $1.04 bln consensus. Co issues downside guidance for FY08, sees EPS of $3.20-$3.25, ex-restructuring charge, vs. $3.51 consensus. Co issues downside guidance for FY09, sees EPS of $3.20-$3.30 vs. $3.64 consensus.
7:19AM Wyndham Wldwide beats by $0.03, misses on revs; guides Q4 EPS below consensus; guides FY08 EPS below consensus, revs below consensus; guides FY09 revs in-line (WYN) 7.14 : Reports Q3 (Sep) earnings of $0.83 per share, excluding non-recurring items, $0.03 better than the First Call consensus of $0.80; revenues rose 0.8% year/year to $1.23 bln vs the $1.27 bln consensus. Co issues downside guidance for Q4, sees EPS of $0.41-$0.46 vs. $0.51 consensus. Co issues downside guidance for FY08, sees EPS of $2.12-$2.17 vs. $2.19 consensus; sees FY08 revs of $4.36-$4.41 bln vs. $4.5 bln consensus. Co issues in-line guidance for FY09, sees FY09 revs of $4.15-$4.5 bln vs. $4.38 bln consensus.
7:17AM Cameron beats by $0.02, reports revs in-line; guides Q4 EPS below consensus; guides FY08 EPS in-line (CAM) 21.94 : Reports Q3 (Sep) earnings of $0.73 per share, $0.02 better than the First Call consensus of $0.71; revenues rose 26.8% year/year to $1.5 bln vs the $1.5 bln consensus. Co issues downside guidance for Q4, sees EPS of $0.74-$76 vs. $0.77 consensus. Co issues in-line guidance for FY08, sees EPS of $2.67-$2.69 vs. $2.68 consensus. "The primary factors affecting these expectations will be our customers' spending, particularly on our shorter- cycle product lines, and our ability to execute on current project business and effectively manage costs."
7:17AM Intl Paper beats by $0.07, misses on revs (IP) 17.86 : Reports Q3 (Sep) earnings of $0.84 per share, excluding non-recurring items, $0.07 better than the First Call consensus of $0.77; revenues rose 22.9% year/year to $6.81 bln vs the $7.01 bln consensus.
7:13AM Natus Medical misses by $0.01, misses on revs; guides Q4 EPS in-line, revs in-line (BABY) 16.12 : Reports Q3 (Sep) earnings of $0.17 per share, $0.01 worse than the First Call consensus of $0.18; revenues rose 44.8% year/year to $41.7 mln vs the $42.5 mln consensus. Co issues in-line guidance for Q4, sees EPS of $0.25-0.28 vs. $0.26 consensus; sees Q4 revs of $48.5-50.5 mln vs. $49.33 mln consensus.
7:09AM CVS Caremark reports EPS in-line, revs in-line (CVS) 26.31 : Reports Q3 (Sep) earnings of $0.60 per share, in-line with the First Call consensus of $0.60; revenues rose 1.8% year/year to $20.86 bln vs the $21.06 bln consensus.
7:07AM Flotek Industries beats by $0.01, reports revs in-line (FTK) : Reports Q3 (Sep) earnings of $0.30 per share, $0.01 better than the First Call consensus of $0.29; revenues rose 50.6% year/year to $62.8 mln vs the $63.3 mln consensus.
7:07AM Avon Products misses by $0.07, beats on revs (AVP) 26.67 : Reports Q3 (Sep) earnings of $0.43 per share, excluding non-recurring items, $0.07 worse than the First Call consensus of $0.50; revenues rose 12.6% year/year to $2.64 bln vs the $2.6 bln consensus. Avon reiterated its strategy to invest in both its brand and direct-selling channel to drive sustainable, profitable growth. As a result, the company continues to expect revenue growth over the long term to average mid-single digits, excluding the impact of foreign exchange. As a result, the company now expects a full-year 2008 operating margin in the range of 13%, compared with its previous expectation of an operating margin approaching 2005's level of approximately 14%.
7:07AM Colgate-Palmolive beats by $0.01, reports revs in-line; co is comfortable with external profit expectations for Q4 (CL) 60.00 : Reports Q3 (Sep) earnings of $0.99 per share, $0.01 better than the First Call consensus of $0.98; revenues rose 13.0% year/year to $3.99 bln vs the $3.99 bln consensus. "Given our strong momentum and excellent savings initiatives, we are comfortable with external profit expectations for the fourth quarter and full year 2008. While our 2009 budget process is still in its initial stages, we anticipate another year of double-digit earnings per share growth in 2009. Our ongoing savings programs combined with the benefits of lower oil and commodity costs should fully offset the expected impact of the strengthening dollar."
7:05AM BJ Services beats by $0.03, beats on revs; guides Q1 EPS below consensus (BJS) 13.46 : Reports Q4 (Sep) earnings of $0.59 per share, excluding non-recurring items, $0.03 better than the First Call consensus of $0.56; revenues rose 15.0% year/year to $1.53 bln vs the $1.47 bln consensus. Co issues downside guidance for Q1, sees EPS of $0.48-0.51 vs. $0.56 consensus. The estimate that the storms negatively impacted quarterly operating results by $0.02 per diluted share was excluded. "We expect drilling activity in North America to begin to decline during our first fiscal quarter and anticipate moderate reductions in certain international markets."
7:03AM United Therapeutics misses by $0.08, beats on revs (UTHR) 79.65 : Reports Q3 (Sep) GAAP earnings of $0.50 per share, $0.08 worse than the First Call consensus of $0.58; revenues rose 27.1% year/year to $75 mln vs the $70.2 mln consensus. Gross margins from sales were $66.7 million for the third quarter of 2008, compared to $52.2 million for the third quarter of 2007. The increases in revenues and gross margins corresponded to the continued growth in sales of our lead product, Remodulin.
7:03AM LKQ Corp reports EPS in-line, beats on revs; guides FY08 EPS below consensus (LKQX) 11.96 : Reports Q3 (Sep) earnings of $0.19 per share, excluding non-recurring items, in-line with the First Call consensus of $0.19; revenues rose 101.5% year/year to $490.7 mln vs the $468.1 mln consensus. Co issues downside guidance for FY08, sees EPS of $0.76-0.81 vs. $0.85 consensus.
6:32AM Strayer Education beats by $0.02, reports revs in-line; guides Q4 EPS above consensus; raises dividend and buyback (STRA) 193.00 : Reports Q3 (Sep) earnings of $0.83 per share, $0.02 better than the First Call consensus of $0.81; revenues rose 24.6% year/year to $87 mln vs the $87.1 mln consensus. Co issues upside guidance for Q4, sees EPS of $1.68-1.70 vs. $1.64 consensus. Strayer announced it is increasing its annual dividend from $1.50 to $2.00 and increasing share repurchase authorization to $100 million.
1:49AM Whiting Petroleum beats by $0.16, beats on revs (WLL) 41.00 : Reports Q3 (Sep) earnings of $2.49 per share, excluding non-recurring items, $0.16 better than the First Call consensus of $2.33; revenues rose 106.9% year/year to $425.4 mln vs the $358.4 mln consensus.
1:31AM Essex Property Trust announces Q308 results (ESS) 95.00 : Reports Q3 (Sep) funds from operations of $1.46 per share, $0.01 worse than the First Call consensus of $1.47. Co issues in-line guidance for FY08, sees FFO of $6.05-6.15 vs $6.05 estimate.
12:00AM Oil States beats by $0.41, beats on revs; guides Q4 EPS above consensus (OIS) 18.83 : Reports Q3 (Sep) earnings of $1.66 per share, excluding non-recurring items, $0.41 better than the First Call consensus of $1.25; revenues rose 54.5% year/year to $814.8 mln vs the $677.5 mln consensus. Co issues upside guidance for Q4, sees EPS of $1.45-1.55 vs. $1.32 consensus.
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