5:09PM Verifone sees Q4 EPS and revs below consensus (PAY) 6.19 -0.51 : Co issues downside guidance; co sees Q4 revs of $244-246 mln vs $263.6 mln First Call consensus, sees EPS of $0.18-0.20 vs $0.34 consensus. Co says, "Toward the end of Q4, uncertainty and turmoil in the global economy and financial markets impacted demand for our products across all geographies. We experienced higher-than-expected foreign exchange losses, and the volatility of exchange rates resulted in product costs, expressed in local currencies, adversely moving faster than could be reflected in local-currency pricing. We expect a period of uncertainty to persist until financial confidence returns to the market. Accordingly, we are carefully controlling all aspects of our business to minimize expenditures and are making significant reductions in operating expenses."
4:35PM A-Power Energy misses by $0.04; reaffirms Q4 earnings (APWR) 4.02 -0.30 : Reports Q3 (Sept) earnings of $0.28 per share, $0.04 worse than the First Call consensus of $0.32; revenues rose 120% year/year to $85.4 mln vs the $100.5 mln consensus. Co says, "As expected, our financial results continued to accelerate during the third quarter and market demand for local power generation continued to increase in China and throughout Southeast Asia. Based on these results and our expectations for Q4, we are reaffirming earnings guidance of over $35 mln for 2008."
4:33PM Limited beats by $0.01, misses on revs; guides Q4 EPS in-line (LTD) 7.58 -0.75 : Reports Q3 (Oct) earnings of $0.01 per share, $0.01 better than the First Call consensus of ($0.00); revenues fell 4.2% year/year to $1.84 bln vs the $1.88 bln consensus. Co issues in-line guidance for Q4, sees EPS of $0.85-1.00 vs. $1.00 consensus. Comparable store sales for the third quarter decreased 7%.
4:32PM Converted Organics reports revenues for the first nine months of '08 and Q3 (COIN) 4.08 -1.09 : Co announced that the Company has filed its Form 10-Q quarterly report with the Securities and Exchange Commission (SEC), announcing revenue of $1,181,423 for the first nine months of 2008, including $428,516 for the third quarter of 2008. (no estimates)
4:17PM Humana reaffirms FY08 EPS guidance of $3.80-3.90 vs $4.28 First Call consensus; reaffirms FY09 EPS guidance of $5.90-6.10 vs $5.89 First Call consensus (HUM) 27.89 -2.30 :
4:14PM Woodward Governor reports EPS in-line, beats on revs; guides FY09 EPS below consensus, revs in-line (WGOV) 22.08 -2.10 : Reports Q4 (Sep) earnings of $0.50 per share, in-line with the First Call consensus of $0.50; revenues rose 20.5% year/year to $350.5 mln vs the $343.5 mln consensus. Co issues mixed guidance for FY09, sees EPS of $1.65-$1.90 vs. $2.04 consensus; sees FY09 revs of $1.40-$1.50 bln vs. $1.47 bln consensus. Co states, At this time, our order volumes indicate a modest increase in sales volumes in 2009. However, the significant effects of rapidly weakened European currencies may offset this increase.
4:11PM Men's Wearhouse beats by $0.06, misses on revs; guides FY09 EPS below consensus (MW) 9.75 -1.03 : Reports Q3 (Oct) earnings of $0.30 per share, excluding non-recurring items, $0.06 better than the First Call consensus of $0.24; revenues fell 10.2% year/year to $459.7 mln vs the $475.5 mln consensus. Co issues guidance for Q4, sees GAAP EPS of $(0.18)-0.00, may not be comparable to $0.09 consensus. Co issues downside guidance for FY09, sees EPS of $1.04-1.22, excluding $0.12 in non-recurring items, vs. $1.25 consensus.
4:07PM Intuit beats by $0.03, reports revs in-line; guides Q2 EPS and revs below consensus; lowers FY09 guidance (INTU) 20.55 -0.72 : Reports Q1 (Oct) loss of $0.09 per share, $0.03 better than the First Call consensus of ($0.12); revenues rose 8.1% year/year to $481 mln vs the $483.4 mln consensus. Co issues downside guidance for Q2, sees EPS of $0.40-0.42 vs. $0.46 consensus; sees Q2 revs of $860-880 vs. $900.16 mln consensus. Co lowers guidance for FY09, sees EPS of $1.78-1.85, excluding items, down from prior guidance of $1.86-1.90, vs. $1.84 consensus; sees FY09 revs of $3.26-3.38 bln vs. $3.33 bln consensus.
4:07PM Gymboree beats by $0.03, misses on revs; guides Q4 EPS in-line; guides FY09 EPS in-line (GYMB) 16.48 -2.44 : Reports Q3 (Oct) earnings of $1.06 per share, $0.03 better than the First Call consensus of $1.03; revenues rose 5.5% year/year to $261.3 mln vs the $269.6 mln consensus. Co issues in-line guidance for Q4, sees EPS of $0.92-1.00 vs. $1.00 consensus. Co issues in-line guidance for FY09, sees EPS of $3.12-3.20 vs. $3.17 consensus.
4:06PM PETsMART beats by $0.02, reports revs in-line; guides Q4 EPS in-line (PETM) 13.32 -1.74 : Reports Q3 (Oct) earnings of $0.28 per share, $0.02 better than the First Call consensus of $0.26; revenues rose 12.2% year/year to $1.25 bln vs the $1.24 bln consensus. Co issues in-line guidance for Q4, sees EPS of $0.59-0.62 vs. $0.60 consensus. See Q4 comparable store sales
in the low to mid-single digits. "The unique blend of staples and discretionary items inherent to our business model has allowed us to manage through this challenging environment and deliver on our guidance for the quarter... But we are not immune to the pressures of a slowing economy. We have decided to pull back even further on our capital spending in 2009 and focus on consistent execution and on outperforming in those areas of the business that differentiate PetSmart from the competition."
4:03PM Dress Barn beats by $0.05; guides FY09 EPS below consensus (DBRN) 6.56 -0.30 : Reports Q1 (Oct) earnings of $0.32 per share, $0.05 better than the First Call consensus of $0.27; revenues rose 3.5% year/year to $376.4 mln vs the $370.4 mln consensus. Co issues downside guidance for FY09, sees EPS of $0.90-1.00 vs. $1.15 consensus, prior guidance $1.23-1.28. This revised earnings per share estimate is based upon various assumptions, including approximately 64.5 million fully diluted shares outstanding and a comparable store sales decrease in the mid-single digit range for the remainder of the fiscal year.
4:02PM Hot Topic beats by $0.01, reports revs in-line; guides Q4 (Jan) EPS in-line (HOTT) 7.10 -0.30 : Reports Q3 (Oct) earnings of $0.17 per share, including approximately $0.01 per share of expense related to ShockHound, $0.01 better than the First Call consensus of $0.16. Co issues in-line guidance for Q4 (Jan), sees EPS of 0.25-0.28 vs. $0.27 consensus. Co's Q4 guidance is based upon a comparable store sales decline of low-single digits.
1:02PM WW Grainger reaffirms FY08 guidance of $6.00-6.20 vs $6.09 First Call consensus and issues FY09 guidance $5.30-6.70 vs $5.95 First Call consensus (GWW) 61.25 -2.12 : Given current economic conditions, co is expecting Q4 EPS of $1.35-1.55 (vs $1.38 First Call consensus) and Q4 sales to range from -2% to +2%. Co also provided guidance for next year and expects 2009 revenues to range from -5% to +5%.
11:15AM General Mills reaffirms Fiscal 2009 Earnings Guidance (GIS) 65.40 +0.07 : Co reaffirms guidance for FY09 (May), sees EPS of $3.81-3.85 before any impact from mark-to-market valuation of certain commodity positions and a gain from the recent sale of the Pop Secret microwave popcorn business vs. $3.90 First Call consensus. The co also said it was on track to achieve its sales and earnings targets for the fiscal year ending May 2009. The company reaffirmed targets of mid single-digit net sales growth, mid single-digit segment operating profit growth.
8:44AM Ross Stores beats by $0.01, lowers FY09 guidance - Correction (ROST) 25.48 : Reports Q3 (Oct) earnings of $0.44 per share, $0.01 better than the First Call consensus of $0.43; revenues rose 5.9% year/year to $1.55 bln vs the $1.58 bln consensus. Co lowers guidance for FY09, sees EPS of $2.26-2.32, down from prior guidance of $2.33-2.38, vs. $2.31 consensus. Briefing.com note: Earlier we incorrectly reported ROST guidance as Q1 instead of Q4. The original 8:35 comment has been deleted.
7:38AM Goodrich reaffirms FY08 and FY09 guidance (GR) 30.09 : Co reaffirms guidance for FY08 (Dec), sees EPS of $4.90-5.00 vs. $5.02 First Call consensus; sees FY08 (Dec) revs of $7.1 bln vs. $7.11 bln consensus. Co reaffirms guidance for FY09 (Dec), sees EPS of $5.05-5.25 vs. $5.09 consensus; sees FY09 (Dec) revs of $7.7-7.8 bln vs. $7.66 bln consensus.
6:20AM LDK Solar beats by $0.06, beats on revs; guides Q4 revs above consensus; guides FY09 revs above consensus (LDK) 14.89 : Reports Q3 (Sep) earnings of $0.77 per share, $0.06 better than the First Call consensus of $0.71; revenues rose 241.4% year/year to $541.8 mln vs the $486.7 mln consensus. Gross margin was 22.7% for Q3 compared to 30.8% in Q307. Operating margin was 19.9% compared to 27.2% in Q307. Co issues upside guidance for Q4, sees Q4 revs of $555.0-565.0 mln vs. $512.99 mln consensus. Co sees gross margin of 18-21%. Co issues upside guidance for FY09, sees FY09 revs of $2.9-3.1 bln vs. $2.57 bln consensus. Co sees gross margin of 26.0-31.0% in FY09.
12:15AM Jack In The Box beats by $0.01, misses on revs; guides Q1 EPS below consensus; guides FY09 EPS below consensus (JBX) 15.21 : Reports Q4 (Sep) earnings of $0.46 per share, excluding discontinued operations, $0.01 better than the First Call consensus of $0.45; revenues fell 0.9% year/year to $582.7 mln vs the $689.9 mln consensus. Co issues downside guidance for Q1, sees EPS of $0.50-0.55 vs. $0.62 consensus. Co sees flat to +2.0% same-store sales increase. in Q1. Co issues downside guidance for FY09, sees EPS of $2.00-2.20, excluding non-recurring items, vs. $2.21 consensus. Co sees flat to +2.0% same-store sales increase in FY09
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