Earnings - 5th Nov 2008

6:41PM AvalonBay beats by $0.01, beats on revs; guides Q4 FFO above consensus (AVB) 63.23 -8.75 : Reports Q3 (Sep) funds from operations of $1.28 per share, $0.01 better than the First Call consensus of $1.27; revenues rose 6.1% year/year to $223.4 mln vs the $213.7 mln consensus. Co issues upside guidance for Q4, sees FFO of $1.25-1.29 vs. $1.24 consensus.

6:05PM Brigham Exploration misses by $0.06, misses on revs (BEXP) 6.87 -0.81 : Reports Q3 (Sep) earnings of $0.09 per share, $0.06 worse than the First Call consensus of $0.15; revenues fell 6.0% year/year to $29.6 mln vs the $36.7 mln consensus. Co says, "currently expect our Q4 2008 production volumes to average between 33 MMcfe per day and 37 MMcfe per day, with 66% of these volumes to be natural gas. For the Q4 2008, lease operating expenses are projected to be $1.00 per Mcfe based on the mid-point of our production guidance, production taxes are projected to be ~5.85% to 6.15% of pre-hedge oil and natural gas revenues, and general and administrative expenses are projected to be $2.6 mln ($0.88 to $0.78 per Mcfe)."

5:34PM American Railcar Industries beats by $0.02, beats on revs (ARII) 9.83 -0.62 : Reports Q3 (Sep) earnings of $0.35 per share, $0.02 better than the First Call consensus of $0.33; revenues rose 55.3% year/year to $217.3 mln vs the $192 mln consensus. Our backlog was 5,956 railcars as of September 30, 2008. We attribute the reduction in our backlog to market uncertainty, driven primarily by an unstable economy, high steel prices and a difficult credit environment. In response to this lower demand, we have slowed our production rates for hopper railcars in the fourth quarter.

5:22PM Ormat Tech misses by $0.01, beats on revs; issues segment guidance (ORA) : Reports Q3 (Sep) earnings of $0.35 per share, $0.01 worse than the First Call consensus of $0.36; revenues rose 25.4% year/year to $99.7 mln vs the $92.9 mln consensus. "With regard to our Electricity Segment, following our third quarter earnings results, we maintain our guidance for 2008 and expect electricity segment revs for 2008 to be approx $250 mln. We also expect additional revenues of approximately $9 mln from our share of electricity revs generated by the Mammoth plant, the investment in which is accounted for under the equity method. Given our Products Segment results for the third quarter, we now anticipate revs in this segment of between $75-80 mln for the year being at the high end of previous guidance."

5:09PM Enersys reports Q2 EPS of $0.51, excluding $0.01 in restructuring charges, vs $0.50 First Call consensus; revs $526.8 mln vs $552.98 mln First Call consensus (ENS) 12.04 -1.30 : Enersys sees Q3 EPS of $0.40-0.44 vs $0.51 First Call consensus.

5:09PM ITC Holdings reports Q3 EPS of $0.56 vs $0.46 two analyst est, revs rose 49% Yoy to $163.2 mln vs $147.8 mln single analyst est (ITC) 42.60 -1.71 : Co sees FY08 EPS to be between $2.10 and $2.12 vs $1.98 consensus.

5:07PM Central European Dist beats by $0.16, beats on revs; guides FY08 EPS above consensus, reaffirms FY08 revs guidance; reaffirms FY09 guidance (CEDC) : Reports Q3 (Sep) earnings of $0.89 per share, $0.16 better than the First Call consensus of $0.73. Co issues FY08 guidance, sees EPS of $2.85-3.05 vs. $2.79 consensus; reaffirms FY08 revs of $1.65-1.80 bln vs. $1.69 bln consensus. Co reaffirms guidance for FY09, sees EPS of $3.75-4.00 vs. $3.66 consensus; sees FY09 revs of $1.93-2.03 bln vs. $1.88 bln consensus.

5:05PM American Commercial Lines beats by $0.02, misses on revs (ACLI) 6.88 -1.12 : Reports Q3 (Sep) earnings of $0.36 per share, $0.02 better than the First Call consensus of $0.34; revenues rose 21.4% year/year to $313.7 mln vs the $328.5 mln consensus. "In Transportation, we have experienced steady demand and pricing strength across both liquid and dry businesses, realizing an 8% fuel-neutral rate increase this quarter. But we remain cautious about the near-term outlook given the current global economic uncertainties. Our fuel price adjustment clauses are catching up to the price we're paying, and during the third quarter we were able to more than recover fuel price inflation, though year-to-date fuel inflation remains unfavorable. As a result of operational efficiencies we implemented, we are consuming less fuel per ton mile, and we are seeing increases in the percentage of loaded ton-miles. Our manufacturing segment also continues to make progress with its third consecutive quarter of improved productivity in the shipyard."

5:01PM Sunoco beats by $2.32, beats on revs (SUN) 30.59 -0.30 : Reports Q3 (Sep) earnings of $4.78 per share, $2.32 better than the First Call consensus of $2.46; revenues rose 40.1% year/year to $16.11 bln vs the $12.84 bln consensus.

4:35PM Whole Foods reports EPS in-line, misses on revs; guides FY09 EPS in-line, revs in-line; announces $425 mln preferred equity sale (WFMI) 10.31 -0.68 : Reports Q4 (Sep) earnings of $0.13 per share, excluding non-recurring items, in-line with the First Call consensus of $0.13; revenues rose 2.6% year/year to $1.79 bln vs the $1.81 bln consensus. Co issues in-line guidance for FY09, sees EPS of 0.95-1.00 vs. $1.02 consensus; sees FY09 revs of $8.3 bln vs. $8.48 bln consensus. Comparable store sales increased 0.4% versus an 8.2% increase in the prior year. Identical store sales, excluding eight relocated stores and two major expansions, decreased 0.5% versus a 6.0% increase in the prior year. For the first five weeks of the first quarter ended November 2, 2008, comparable store sales decreased 2.1% versus a 9.0% in in the prior year, and identical store sales decreased 3.3% versus increase in the prior year. The Wild Oats stores entered the comparable and identical store sales base in the fifty-third full week following the August 28, 2007 merger date and were included in results for the last four weeks of the quarter. In a separate release, the co also announced an agreement for $425 million of additional equity from the sale of Series A Preferred Stock to Green Equity Investors V, L.P., an affiliate of Leonard Green & Partners, L.P. This amount equates to an ownership interest, assuming conversion of the preferred stock to common stock, of approximately 17% at this time. "We are pleased that Leonard Green & Partners, L.P., one of the most experienced and successful investors in the retail industry, has decided to make such a significant investment in Whole Foods Market. We view it as a strong vote of confidence in our business model and our long-term growth prospects, despite the current economic environment... This investment, combined with our strong cash flow from operations, gives us the financial flexibility to manage through these difficult economic times while continuing to prudently invest in our long-term growth. From both an operational and capital expenditure standpoint, we consider our current store development pipeline of 66 stores to be very manageable over the next four years." (Stock is halted)

4:33PM Career Education reports EPS in-line, revs in-line (CECO) 14.88 -0.47 : Reports Q3 (Sep) earnings of $0.09 per share, excluding multiple chages and a gain, in-line with the First Call consensus of $0.09; revenues fell 5.1% year/year to $405.6 mln vs the $404.8 mln consensus. Co reports Q3 new student starts 31.6K vs. 29.7K Street expectation; total student pop 98.7K vs. 98.3K Street expectation

4:25PM NGAS Resources misses by $0.01, beats on revs (NGAS) 3.44 -0.14 : Reports Q3 (Sep) earnings of $0.04 per share, $0.01 worse than the First Call consensus of $0.05; revenues rose 55.3% year/year to $23.6 mln vs the $20.5 mln consensus. "Unprecedented volatility in the capital markets, coupled with sharp declines in oil and natural gas prices, have caused us to reduce our 2009 capital spending budget from $50 million to $32.5 million. Given current market conditions, we only plan to drill 34 horizontal wells in 2009... Despite the challenging environment, NGAS is positioned to continue growing and creating value."

4:24PM SurModics misses by $0.08, misses on revs (SRDX) 25.79 -1.69 : Reports Q4 (Sep) earnings of $0.20 per share, excluding non-recurring items, $0.08 worse than the First Call consensus of $0.28; revenues rose 8.9% year/year to $23.2 mln vs the $25.6 mln consensus.

4:22PM FTI Consulting misses by $0.09, misses on revs; guides FY08 below consensus (FCN) 58.08 -1.88 : Reports Q3 (Sep) earnings of $0.51 per share, $0.09 worse than the First Call consensus of $0.60; revenues rose 28.5% year/year to $325.5 mln vs the $343.8 mln consensus. Co issues downside guidance for FY08, sees EPS of $2.30-2.35 vs. $2.60 consensus; sees FY08 revs of $1.275-1.300 bln vs. $1.360 bln consensus. Co says the unprecedented volatility of the capital markets and the breakdown of confidence in the financial system caused a temporary but sharp slowdown in business decision-making and regulatory activity... "This environment had a significant negative effect on our results in the quarter, exacerbated by the bankruptcy and/or merger of some of our significant financial services clients causing us to postpone or in some cases cancel projects. By mid-September, our business started to rebound as our professionals were called upon to help provide advice and direction out of this global financial crisis. This momentum is continuing and we believe the ongoing issues and problems facing companies around the world provide the foundation for improved results beginning in Q4."

4:22PM Genomic Health beats by $0.04, misses on revs (GHDX) 19.40 -0.24 : Reports Q3 (Sep) loss of $0.11 per share, $0.04 better than the First Call consensus of ($0.15); revenues rose 76.7% year/year to $28.1 mln vs the $28.5 mln consensus. "We believe personalized medicine has the power to improve the quality of care while reducing costs, which is especially important during a time of soaring health care expenses and economic uncertainty... This quarter, we again increased the value of Oncotype DX by the inclusion of quantitative HER2 scores, while continuing to invest in our commercial organization here and abroad. We believe the growing use of our Oncotype DX breast cancer assay, our narrowing net loss, and our strong balance sheet attest to the strength of our business model as we deliver the promise of genomics into the practice of medicine."

4:18PM Eagle Bulk Shipping beats by $0.05, beats on revs (EGLE) 10.04 -0.94 : Reports Q3 (Sep) earnings of $0.49 per share, $0.05 better than the First Call consensus of $0.44; revenues rose 46.1% year/year to $53.9 mln vs the $48.2 mln consensus. Based on the third quarter results, the Company has declared a cash dividend of $0.50 per share payable on or about November 26, 2008, to shareholders of record as of November 20, 2008.

4:17PM Synchronoss Tech beats by $0.01, misses on revs (SNCR) 7.61 -0.65 : Reports Q3 (Sep) earnings of $0.11 per share, $0.01 better than the First Call consensus of $0.10; revenues rose 8.2% year/year to $26.3 mln vs the $26.8 mln consensus. Non-GAAP gross profit for the third quarter of 2008 was $13.1 million, representing a non-GAAP gross margin for the third quarter of 2008 of 50%. Synchronoss had cash, cash equivalents, and marketable securities of $73.3 million at September 30, 2008, a decrease of $21.6 million from last quarter due to the acquisition of Wisor Telecom and execution of the company's share repurchase program, partially offset by $9 million in positive cash flows from operations during the quarter.

4:15PM Sunstone Hotel beats by $0.03, misses on revs; guides FY08 FFO below consensus (SHO) 5.65 -0.92 : Reports Q3 (Sep) funds from operations of $0.69 per share, excluding non-recurring items, $0.03 better than the First Call consensus of $0.66; revenues fell 2.0% year/year to $239.2 mln vs the $246.3 mln consensus. Co issues downside guidance for FY08, sees FFO of $2.58-2.75, excluding non-recurring items, vs. $2.79 consensus. Co expects total portfolio RevPAR to range from a decrease of ~4.0% to a decrease of approximately 1.0% compared to the full year 2007.

4:12PM Leap Wireless misses by $0.15, misses on revs (LEAP) 28.75 -1.60 : Reports Q3 (Sep) loss of $0.72 per share, $0.15 worse than the First Call consensus of ($0.57); revenues rose 21.2% year/year to $496.7 mln vs the $509.4 mln consensus. "Net customer additions included approximately 24,000 net customer additions for voice services in existing markets, approximately 92,000 net customer additions for voice services in new markets launched in 2008 and approximately 40,000 net customer additions associated with mobile broadband service."

4:09PM Cisco Systems beats by $0.03, reports revs in-line (CSCO) 17.40 : Reports Q1 (Oct) earnings of $0.42 per share, $0.03 better than the First Call consensus of $0.39; revenues rose 7.8% year/year to $10.3 bln vs the $10.3 bln consensus. Co reports Q1 (Oct) GAAP gross margin 64.7% vs. 65.1% First Call consensus.

4:03PM Metabolix reports Q3 results (MBLX) 8.45 -0.35 : Reports Q3 (Sep) loss of $0.42 per share, $0.02 worse than the First Call consensus of ($0.40); revenues rose 94.4% year/year to $0.4 mln vs the $0.5 mln consensus. The Company's net cash used for operating activities during the third quarter in 2008 was $6.4 mln, which compares to net cash used of $0.9 mln for the comparable quarter in 2007. The increase in cash used from operating activities is primarily attributable to the increase in net loss and the timing of support payments received from Archer Daniels Midland Company (ADM). Unrestricted cash and short-term investments at September 30, 2008 totaled $94.6 mln. Construction of the commercial manufacturing facility at Clinton, Iowa is progressing. All major equipment is in place and buildings are approaching completion, control rooms and laboratories are being outfitted and operating manuals are being prepared. The Company remains on target for product shipments to customers during the second quarter of 2009.
4:03PM Coherent beats by $0.07, reports revs in-line (COHR) 24.54 -1.62 : Reports Q4 (Sep) earnings of $0.34 per share, excluding non-recurring items, $0.07 better than the First Call consensus of $0.27; revenues fell 10.6% year/year to $142 mln vs the $141.5 mln consensus.

4:02PM Zumiez reports Oct same store sales of -13.1% vs -7% Briefing.com consensus; sees Q3 EPS of $0.22-$0.23 vs $0.24 consensus (ZUMZ) 8.59 : "Looking beyond fiscal 2008, we believe fiscal 2009 will be challenging as well so we are lowering our inventory commitments, reducing our historical new store growth of twenty percent to no more than fifteen percent and plan to reduce our capital expenditures in 2009 to approximately $28 mln."

9:26AM Natural Gas Services beats by $0.10, beats on revs (NGS) 13.64 : Reports Q3 (Sep) earnings of $0.40 per share, $0.10 better than the First Call consensus of $0.30; revenues rose 33.8% year/year to $25 mln vs the $21.4 mln consensus.

8:36AM XTO Energy beats by $0.02, beats on revs (XTO) 37.25 : Reports Q3 (Sep) earnings of $1.00 per share, excluding non-recurring items, $0.02 better than the First Call consensus of $0.98; revenues rose 49.5% year/year to $2.13 bln vs the $2.07 bln consensus.

8:33AM Dawson Geophys misses by $0.02, misses on revs (DWSN) 24.20 : Reports Q4 (Sep) earnings of $1.20 per share, $0.02 worse than the First Call consensus of $1.22; revenues rose 11.7% year/year to $84.4 mln vs the $85.8 mln consensus. "In today's difficult oil and natural gas environment, exploration and production companies rely on our services and seismic expertise to identify oil and natural gas reservoirs, lower their finding and development costs, increase their return on investments and reduce drilling risk. As the leading provider of seismic services in the lower 48 states as measured by the number of active crews, we help companies achieve those objectives by providing high resolution seismic images of the subsurface. We are prepared to meet today's challenges with improved efficiencies backed by our strengths which lie in our people, our client relationships, our technology, our assets and our debt free balance sheet."

8:05AM Parker Drilling misses by $0.02, misses on revs (PKD) 5.75 : Reports Q3 (Sep) earnings of $0.20 per share, excluding non-recurring items, $0.02 worse than the First Call consensus of $0.22; revenues rose 32.1% year/year to $227.5 mln vs the $232.6 mln consensus.

8:04AM Blount Intl beats by $0.11, beats on revs; guides FY08 revs above consensus (BLT) 9.01 : Reports Q3 (Sep) earnings of $0.31 per share, $0.11 better than the First Call consensus of $0.20; revenues rose 34.7% year/year to $175 mln vs the $157.3 mln consensus. Co issues upside guidance for FY08, sees FY08 revs of $610-615 mln vs. $604.42 mln consensus.

8:02AM Polo Ralph Lauren beats by $0.33, beats on revs; reaffirms FY09 EPS guidance (RL) 49.51 : Reports Q2 (Sep) earnings of $1.58 per share, $0.33 better than the First Call consensus of $1.25; revenues rose 10.0% year/year to $1.43 bln vs the $1.36 bln consensus. Co reaffirms guidance for FY09, sees EPS of $4.00-4.10 vs. $4.03 consensus. The Company expects a low single digit increase in net revenues during Fiscal 2009, which compares to prior guidance for low-to-mid single digit net revenue growth.

7:50AM Almost Family beats by $0.12, beats on revs; expects to file shelf registration statement to increase the amount of capital it could raise (AFAM) 47.63 : Reports Q3 (Sep) earnings of $0.56 per share, $0.12 better than the First Call consensus of $0.44; net service revenues rose 83.4% year/year to $58.7 mln vs the $50.2 mln consensus. "We're pleased to once again report record operating results validating our strategy and business plan. More than a double in VN segment revenue over the same quarter of last year and a 44% organic Medicare revenue growth rate provide strong evidence that we are on the right track and positioned well for the future. Our disciplined operating model, our thoughtful and deliberate approach to acquisitions and our commitment to our Senior Advocacy mission are all combining to generate an exceptional level of performance." Today, November 5, 2008 Almost Family expects to file with the Securities and Exchange Commission a shelf registration statement on Form S-3 which, when declared effective by the SEC, will increase the amount of capital it could raise from approximately $30 mln to $150 mln to provide financing flexibility for development plans.

7:37AM Transocean misses by $0.05, beats on revs (RIG) 84.52 : Reports Q3 (Sep) earnings of $3.44 per share, $0.05 worse than the First Call consensus of $3.49; revenues rose 107.5% year/year to $3.19 bln vs the $3.14 bln consensus.

7:21AM Devon Energy beats by $0.03, beats on revs (DVN) 83.00 : Reports Q3 (Sep) earnings of $3.09 per share, excluding non-recurring items, $0.03 better than the First Call consensus of $3.06; revenues rose 116.4% year/year to $5.98 bln vs the $4.02 bln consensus.

7:18AM Enbridge beats by $0.03 (ENB) 36.82 : Reports Q3 (Sep) earnings of $0.24 per share, $0.03 better than the First Call consensus of $0.21. Co reaffirmes FY08 operating income guidance for $1.85-1.95.

7:17AM T-3 Energy Services beats by $0.27, reports revs in-line (TTES) 25.41 : Reports Q3 (Sep) earnings of $0.79 per share, excluding non-recurring items, $0.27 better than the First Call consensus of $0.52; revenues rose 31.2% year/year to $69.8 mln vs the $70.4 mln consensus. The results exclude the negative impact of hurricanes and the cost for strategic alternatives of $0.24 and $0.18 per diluted share, respectively.

7:15AM Georgia Gulf beats by $0.37, reports revs in-line (GGC) 2.45 : Reports Q3 (Sep) earnings of $0.03 per share, excluding a $0.53 charge for Hurricanes Gustav and Ike, $0.37 better than the First Call consensus of ($0.34); revenues rose 0.4% year/year to $818.6 mln vs the $821.9 mln consensus. Georgia Gulf reaffirms its previous guidance for the bottom end of the range for 2008 EBITDA to be 15% below 2007 EBITDA. Additionally, the recent decline in energy and feedstock prices along with strong caustic prices may cause 2008 EBITDA to exceed the bottom end of the range. The Company remains focused on targeted cost, working capital and debt reduction initiatives and expects to generate ample cash in 2008 to reduce long-term debt.

7:14AM Cognizant Tech reports Q3 (Sep) results, beats on revs; guides Q4 EPS in-line, revs in-line (CTSH) 21.00 : Reports Q3 (Sep) earnings of $0.40 per share, which excludes stock based compensation and other items, may not be comparable to the First Call consensus of $0.37 which includes stock based compensation; revenues rose 7.2% year/year to $734.7 mln vs the $722.6 mln consensus. Co issues guidance for Q4, sees EPS of at least $0.38, excluding non-recurring items, vs. $0.38 consensus; sees Q4 revs of at least $746.7 mln vs. $750.97 mln consensus.

7:12AM Duke Energy misses by $0.12, misses on revs; guides FY08 EPS below consensus (DUK) 16.92 : Reports Q3 (Sep) earnings of $0.33 per share, $0.12 worse than the First Call consensus of $0.45; revenues fell 4.9% year/year to $3.51 bln vs the $3.92 bln consensus. Co issues downside guidance for FY08, sees EPS of $1.22 vs. $1.27 consensus. Co does not believe it will be able to achieve EPS of $1.27 for the year, but co is only 5 cents off where it expected to be at the end of Q3.

7:11AM Quicksilver Resrcs beats by $0.07, beats on revs (KWK) 11.05 : Reports Q3 (Sep) earnings of $0.41 per share, $0.07 better than the First Call consensus of $0.34; revenues rose 48.4% year/year to $236.3 mln vs the $227.6 mln consensus.

7:07AM Agrium beats by $0.42, beats on revs (AGU) 40.22 : Reports Q3 (Sep) earnings of $2.31 per share, $0.42 better than the First Call consensus of $1.89; revenues rose 214.8% year/year to $3.11 bln vs the $2.24 bln consensus. "Providing guidance for the second half of 2008 is particularly difficult given the current turmoil in the global economic and commodity markets. This is further complicated by current fertilizer and crop pricing volatility and the later North American harvest, which we expect will result in a deferral of sales volumes, including pre-sold sales volumes, to the first half of 2009. The extent of such deferral is difficult to predict. Given the above, we have widened our guidance range for the second half of 2008 to $3.30 to $4.00 per share."

6:48AM Gerdau AmeriSteel beats by $0.09, misses on revs (GNA) 5.85 : Reports Q3 (Sep) earnings of $0.73 per share, $0.09 better than the First Call consensus of $0.64; revenues rose 80.0% year/year to $2.51 bln vs the $2.68 bln consensus.

6:46AM Foster Wheeler misses by $0.02, beats on revs (FWLT) 31.60 : Reports Q3 (Sep) earnings of $0.89 per share, excluding non-recurring items, $0.02 worse than the First Call consensus of $0.91; revenues rose 32.2% year/year to $1.72 bln vs the $1.68 bln consensus. Co also announced that Raymond J. Milchovich, 59, chairman and chief executive officer of Foster Wheeler Ltd., has signed a new three-year agreement, effective November 4, 2008, to continue to lead the company.

6:34AM Medco Health Solutions beats by $0.01, reports revs in-line; reaffirms FY08 EPS guidance; guides FY09 EPS in-line (MHS) 38.00 : Reports Q3 (Sep) earnings of $0.63 per share, $0.01 better than the First Call consensus of $0.62; revenues rose 15.0% year/year to $12.56 bln vs the $12.53 bln consensus. Co reaffirms guidance for FY08, sees EPS of $2.30-$2.33 vs. $2.32 consensus. Co issues in-line guidance for FY09, sees EPS of $2.67-$2.77 vs. $2.72 consensus.

6:06AM Pediatrix Medical reports EPS in-line, beats on revs; guides Q4 EPS below consensus (PDX) 36.52 : Reports Q3 (Sep) earnings of $0.81 per share, in-line with the First Call consensus of $0.81; revenues rose 14.6% year/year to $267.2 mln vs the $258.8 mln consensus. Co issues downside guidance for Q4, sees EPS of $0.77-0.81 vs. $0.82 consensus. Operating margin was 23.3% down from 27.3% in Q307.

6:00AM Gen Growth Prop misses by $0.12, misses on revs; guides FY08 FFO below consensus (GGP) 4.49 : Reports Q3 (Sep) core funds from operations of $0.64 per share, excluding non-recurring items, $0.12 worse than the First Call consensus of $0.76; revenues fell 5.7% year/year to $814.7 mln vs the $865.5 mln consensus. Co issues downside guidance for FY08, sees FFO of $2.85-2.95, excluding non-recurring items, vs. $3.31 consensus. 2008 Core FFO guidance has been reduced as a result of lower expected NOI growth, the provisions for impairment discussed above and increases in amortization of refinancing costs. The 2008 Core FFO guidance does not include the impact of implementing our strategic alternatives or any future provisions for impairment.

1:56AM Atlas Pipeline Partners, LP reports Q308 results (APL) 19.07 : Reports Q3 (Sep) earnings of $0.54 per share, excludes items, $0.21 worse than the First Call consensus of $0.75; revenues increased 140.0% year/year to $582.13 mln vs the $464.25 mln consensus.

1:49AM Mariner Energy misses by $0.02, misses on revs (ME) 14.99 : Reports Q3 (Sep) earnings of $0.78 per share, excluding non-recurring items, $0.02 worse than the First Call consensus of $0.80; revenues rose 61.8% year/year to $317.9 mln vs the $328.4 mln consensus.

1:41AM Great Wolf Resorts beats by $0.12, beats on revs; guides Q4 EPS below consensus; guides FY08 EPS above consensus; announces Kim Schaefer as new Chief Executive Officer, effective Jan. 1, 2009 (WOLF) 2.09 : Reports Q3 (Sep) earnings of $0.10 per share, excluding non-recurring items, $0.12 better than the First Call consensus of $(0.02); revenues rose 36.3% year/year to $69.4 mln vs the $67.4 mln consensus. Co issues downside guidance for Q4, sees EPS of $(0.32)-$(0.24), excluding non-recurring items, vs. ($0.20) consensus. Co issues upside guidance for FY08, sees EPS of $(0.26)-$(0.19), excluding non-recurring items, vs. ($0.27) consensus. Co reduces FY08 Ebitda guidance by $1.5 mln to $65.0 mln. Co names Kim Schaefer as new Chief Executive Officer, effective Jan. 1, 2009.

1:36AM Kaiser Alum beats by $0.10, misses on revs (KALU) 36.68 : Reports Q3 (Sep) earnings of $0.77 per share, excluding non-recurring items, $0.10 better than the First Call consensus of $0.67; revenues rose 0.7% year/year to $369.2 mln vs the $404.8 mln consensus. The co reported a $36.5 mln operating loss in Q308compared to operating income of $44.0 mln in Q307. The third quarter operating loss reflects the $43.8 mln non-cash, non-run-rate mark-to-market loss mentioned above, which essentially reversed the non-cash mark-to-market gains reported in the first half 2008, as well as the $20 mln operating impact of the Anglesey outage. Excluding these items, adjusted operating income for Q308 was a positive $30 mln compared to $37 mln in the prior year quarter.

1:29AM Douglas Emmett reports FFO in-line; issues in-line Q408 and FY08 FFO guidance (DEI) 15.88 : Reports Q3 (Sep) funds from operations of $0.33 per share, in-line with the First Call consensus of $0.33; revenues rose 15.7% year/year to $153.24 mln vs the $147.44 mln consensus. Co issues in-line guidance for Q408; sees FFO of $0.32-0.34, excludes items, vs the $0.33 consensus. Co issues in-line guidance for FY08; sees FFO of $1.32-1.34, excludes items, vs $1.32 consensus.

12:25AM SunPower adjusts Q408 and FY09 guidance; announces impact of recent foreign exchange rate volatility (SPWRA) 50.50 : Co issues mixed guidance for Q4 (Dec), sees EPS of $0.58-0.65, excluding non-recurring items, vs. $0.75 First Call consensus; sees Q4 (Dec) revs of $388.0-418.0 mln vs. $418.24 mln consensus. Co issues in-line guidance for FY09 (Dec), sees EPS of at least $3.00 vs. $3.49 consensus; sees FY09 (Dec) revs of $2.0-2.1 bln vs. $2.06 bln consensus. The aggregate foreign exchange impact on Q4 results is expected to be approx $17 mln on revenue, $15 mln on GAAP and non-GAAP gross profit and $0.15 on non-GAAP net income per share. For FY09 the co anticipates the impact to be approx $50 mln in revenue and $0.50 on non-GAAP net income per share. SunPower believes that it has adjusted its hedging positions to limit its net income exposure to currency fluctuations and believes that it will be hedged for 80 to 90% of Euro-denominated net income in Q408 and more than 50% for the first three quarters of 2009.

12:21AM Yamana Gold reports Q308 results (AUY) : Reports Q3 (Sep) earnings of $0.05 per share, excludes items, $0.05 worse than the First Call consensus of $0.10; revenues rose 23.9% year/year to $247.5 mln vs the $317.4 mln single-analyst estimate.

12:20AM Hawaiian Electric reports EPS in-line, beats on revs (HE) 26.96 : Reports Q3 (Sep) earnings of $0.44 per share, in-line with the First Call consensus of $0.44; revenues rose 35.9% year/year to $915.4 mln vs the $807.7 mln consensus.