5:21PM Middleby misses by $0.04, misses on revs (MIDD) 34.95 -2.00 : Reports Q3 (Sep) earnings of $0.96 per share, $0.04 worse than the First Call consensus of $1.00; revenues rose 22.4% year/year to $166.5 mln vs the $172.5 mln consensus.
5:04PM Coleman Cable beats by $0.10, reports revs in-line (CCIX) 6.73 -0.57 : Reports Q3 (Sep) earnings of $0.25 per share, excluding non-recurring items, $0.10 better than the First Call consensus of $0.15; revenues rose 20.7% year/year to $270.7 mln vs the $269 mln consensus.
4:45PM Mettler-Toledo beats by $0.08, beats on revs; guides Q4 EPS above consensus; guides FY09 EPS in-line (MTD) 73.69 -4.62 : Reports Q3 (Sep) earnings of $1.44 per share, $0.08 better than the First Call consensus of $1.36; revenues rose 20.5% year/year to $509.1 mln vs the $496.9 mln consensus. Co issues upside guidance for Q4, sees EPS of $1.90-1.92 vs. $1.88 consensus. Co issues in-line guidance for FY09, sees EPS of $6.20-6.40 vs. $6.37 consensus.
4:44PM Red Robin Gourmet beats by $0.08, misses on revs; guides FY08 EPS below consensus, revs below consensus (RRGB) 12.91 -1.12 : Reports Q3 (Sep) earnings of $0.45 per share, excluding $0.05 charge, $0.08 better than the First Call consensus of $0.37; revenues rose 10.5% year/year to $208.6 mln vs the $211.3 mln consensus. Co issues downside guidance for FY08, sees EPS of $1.72-1.82, ex-items vs. $1.92 consensus; sees FY08 revs of $868-873 mln vs. $885.88 mln consensus.
4:40PM EZCORP reports EPS in-line, beats on revs; guides Q1 EPS in-line; guides FY08 EPS above consensus (EZPW) 14.44 -0.10 : Reports Q4 (Sep) earnings of $0.34 per share, excluding the impact of Hurricane Ike and tax benefits, in-line with the First Call consensus of $0.34; revenues rose 18.8% year/year to $123.4 mln vs the $117.7 mln consensus. Co issues in-line guidance for Q1, sees EPS of $0.35 vs. $0.34 consensus. Co issues upside guidance for FY08, sees EPS of $1.45 vs. $1.18 consensus. "Assuming a late November closing on the Las Vegas acquisition and a late December closing on the Value Financial Services transaction, the acquisitions will have a nominal earnings per share impact on our first fiscal quarter and an approximate $0.08 to $0.09 per share benefit on our fiscal year results."
4:31PM Darling Intl misses by $0.01, beats on revs (DAR) 6.73 -0.49 : Reports Q3 (Sep) earnings of $0.28 per share, $0.01 worse than the First Call consensus of $0.29; revenues rose 37.5% year/year to $236.2 mln vs the $229.6 mln consensus.
4:30PM Avis Budget misses by $0.04, misses on revs (CAR) 1.94 -0.01 : Reports Q3 (Sep) earnings of $0.55 per share, $0.04 worse than the First Call consensus of $0.59; revenues fell 1.0% year/year to $1.7 bln vs the $1.74 bln consensus. Co expects that domestic enplanements, which are a principal determinant of on-airport rental volumes, will decrease in 2008 compared to 2007 amid airline capacity reductions and a weak macroeconomic environment in second half 2008. In addition, the Company expects that its domestic time and mileage revenue per rental day will be down 1-2% and its domestic rental day volume will be unchanged in 2008 compared to 2007. Co expects incremental year-over-year revenue growth from where2 GPS rentals and insurance replacement rentals. Domestic fleet costs are expected to increase approximately 8% per vehicle in 2008 compared to 2007, which is higher than previously estimated due to costs and inefficiencies associated with reducing our fleet size to reflect decreased demand. In particular, the incrementally higher costs result primarily from decreased vehicle hold periods, due to the accelerated reduction of our fleet, and a corresponding increase in expenses incurred to prepare vehicles for disposition, which are a component of our fleet costs. For the 2009 model year, the Company expects the portion of its domestic fleet that is not subject to manufacturer repurchase agreements to be approximately 50%, consistent with its mix of vehicle purchases in model year 2008. In addition, the Company has intensified its efforts to reduce costs and enhance productivity through its Performance Excellence and other initiatives and continues to expect the benefit of these initiatives to exceed $40 million over the course of 2008.
4:28PM Bio-Rad Labs misses by $0.05, reports revs in-line (BIO) 78.73 -2.39 : Reports Q3 (Sep) earnings of $1.01 per share, $0.05 worse than the First Call consensus of $1.06; revenues rose 30.1% year/year to $441.8 mln vs the $437.9 mln consensus.
4:23PM InterMune beats by $0.22, beats on revs (ITMN) 11.89 -0.32 : Reports Q3 (Sep) loss of $0.32 per share, $0.22 better than the First Call consensus of ($0.54); revenues rose 104.4% year/year to $23.3 mln vs the $14.9 mln consensus. For the year ending December 31, 2008, R&D expense is anticipated to be in a range of approx $100-$110 mln, net of development cost reimbursements under the Roche collaboration. G&A expense is anticipated to be in a range of approx $25-$30 mln.
4:22PM NVIDIA beats by $0.08, reports revs in-line (NVDA) 7.62 -0.89 : Reports Q3 (Oct) earnings of $0.20 per share, $0.08 better than the First Call consensus of $0.12; revenues fell 19.5% year/year to $897.7 mln vs the $890 mln consensus. Non-GAAP gross margin 41.9% vs. 39.6% First Call consensus Co states: "We made good progress on multiple fronts during the quarter. Improving gross margin while managing operating expenses enabled us to significantly improve our operating fundamentals. We transitioned our performance segment GPUs to 55 nanometers and are now poised to recapture lost share. We entered the fastest growing segment of the PC market with our first notebook chipset for Intel processors, and delivered on several exciting new growth initiatives -- 3-way SLI for the Intel Core i7 processor platform, Quadro CX for Adobe CS4 creative professionals and the Tesla supercomputing processor."
4:18PM GT Solar beats by $0.05, beats on revs; guides Q3 EPS below consensus, revs below consensus; reaffirms FY09 EPS guidance, guides FY09 revs in-line (SOLR) 4.48 -0.73 : Reports Q2 (Sep) earnings of $0.19 per share, $0.05 better than the First Call consensus of $0.14; revenues rose 71.4% year/year to $140.2 mln vs the $127.3 mln consensus. Co issues downside guidance for Q3, sees EPS of $0.23-0.25 vs. $0.27 consensus; sees Q3 revs of $190-200 mln vs. $227.94 mln consensus. Co issues mixed guidance for FY09, sees EPS of $0.70-0.75 vs. $0.72 consensus; sees FY09 revs of $575-650 mln vs. $626.53 mln consensus.
4:17PM TBS International beats by $0.46, beats on revs (TBSI) 7.47 -1.87 : Reports Q3 (Sep) earnings of $1.96 per share, $0.46 better than the First Call consensus of $1.50; revenues rose 100.2% year/year to $183.3 mln vs the $120.8 mln consensus.
4:17PM Perini beats by $0.10, reports revs in-line; guides FY08 EPS in-line, revs above consensus; lowers FY09 guidance (PCR) 17.79 -1.48 : Reports Q3 (Sep) earnings of $1.01 per share, $0.10 better than the First Call consensus of $0.91; revenues rose 13.7% year/year to $1.41 bln vs the $1.41 bln consensus. Co issues mixed guidance for FY08, sees EPS of $3.55-3.65 vs. $3.63 consensus; sees FY08 revs of $5.6-5.8 bln vs. $5.54 bln consensus. Co lowers guidance for FY09, sees EPS of $2.80-3.00 vs. $3.89 consensus; sees FY09 revs of $6.0-6.5 bln vs. $6.36 bln consensus. Beyond 2009, the co is still evaluating the longer term impacts and will defer providing a growth target until more data is available. The Company is currently in the process of its annual impairment testing to assess the potential amount of impairment, if any, of the value of goodwill and indefinite-lived intangible assets initially recorded in connection with the September 2008 acquisition of Tutor-Saliba. The 2008 earnings estimate, noted above, does not reflect the impact of any impairment charge, should it be determined that one is required.
4:13PM Airmedia beats by $0.01, beats on revs; guides Q4 revs above consensus; guides FY08 revs above consensus (AMCN) 6.02 -0.20 : Reports Q3 (Sep) earnings of $0.13 per share, $0.01 better than the First Call consensus of $0.12; revenues rose 13.2% year/year to $33.7 mln vs the $30.5 mln consensus. Co issues upside guidance for Q4, sees Q4 revs of $40-42 mln vs. $39.20 mln consensus. Co issues upside guidance for FY08, sees FY08 revs of $122.4-126.4 mln vs. $118.89 mln consensus.
4:13PM Genworth Financial misses by $0.04, misses on revs (GNW) 4.64 -0.53 : Reports Q3 (Sep) earnings of $0.51 per share, excluding non-recurring items, $0.04 worse than the First Call consensus of $0.55; revenues fell 24.6% year/year to $2.17 bln vs the $3.07 bln consensus. Genworth Financial suspending operating earnings outlook for 2008. Co says, "The co is planning to reduce annual expenses by ~$100-150 mln, reflecting refinement of business focus in the Retirement and Protection segment, along with the impact of economic slowdowns in the U.S. and global markets generally. Lower new business volumes will preserve capital while expense reductions could result in a restructuring charge in the fourth quarter of 2008. GNW is evaluating several additional capital flexibility alternatives including potential asset sales, continued review of the U.S. Mortgage Insurance business, and the potential to raise private or public equity, or debt capital. The company's suspension of the common stock dividend will generate ~$175 mln per year in available capital. The share repurchase program also will be suspended for the foreseeable future.
4:13PM Walt Disney misses by $0.06, beats on revs (DIS) 22.81 -1.42 : Reports Q4 (Sep) earnings of $0.43 per share, $0.06 worse than the First Call consensus of $0.49; revenues rose 5.8% year/year to $9.45 bln vs the $9.34 bln consensus. For the quarter, lower operating income was driven by a decrease in domestic operations, partially offset by an increase at Disneyland Resort Paris. Operating income at Broadcasting decreased $43 mln to $655 mln for the year primarily due to lower advertising revenue at the owned television stations, partially offset by an improvement at the Internet Group. Operating income at Cable Networks increased $523 mln to $4.1 bln for the year driven by increases at ESPN, higher income at our cable equity investments, and increases at ABC Family and the domestic Disney Channels, partially offset by a favorable settlement of a claim with a distributor in the prior year at the international Disney Channels.
4:12PM Bally Technologies beats by $0.04, beats on revs; guides FY09 EPS in-line (BYI) 21.13 -2.17 : Reports Q1 (Sep) earnings of $0.52 per share, $0.04 better than the First Call consensus of $0.48; revenues rose 25.6% year/year to $237.4 mln vs the $220.6 mln consensus. Co issues narrows guidance for FY09, sees EPS of $2.15-2.45 from $2.10-2.50 vs. $2.29 consensus.
4:09PM Fluor beats by $0.10, misses on revs; guides FY08 EPS above consensus; guides FY09 EPS in-line (FLR) 34.01 -3.74 : Reports Q3 (Sep) earnings of $1.01 per share, $0.10 better than the First Call consensus of $0.91; revenues rose 38.4% year/year to $5.67 bln vs the $5.8 bln consensus. Co issues upside guidance for FY08, sees EPS of $3.70-3.80 vs. $3.52 consensus. Co issues in-line guidance for FY09, sees EPS of $3.90-4.20 vs. $4.01 consensus. For 2009, the company acknowledges the possibility that a prolonged economic downturn could moderate the demand for large capital expansion programs globally.
4:09PM priceline.com beats by $0.29, beats on revs; guides Q4 EPS below consensus, revs below consensus (PCLN) 47.07 -5.53 : Reports Q3 (Sep) earnings of $2.39 per share, $0.29 better than the First Call consensus of $2.10; revenues rose 34.6% year/year to $561.6 mln vs the $546.6 mln consensus. Co issues downside guidance for Q4, sees EPS of $1.00-1.10 vs. $1.16 consensus; sees Q4 revs of $375.0-381.7 vs. $405.32 mln consensus. Q3 gross travel bookings increased 47.4% y/y vs. co's guidance of 44%-54%; sees 7.5%-17.5% growth in Q4... intl gross travel bookings increased 58.6% y/y vs. co's guidance of 58%-68%, compares to an 80% increase in Q2 and an 100% increase in Q1; sees 0%-10% growth in Q4
4:08PM Qualcomm beats by $0.03, beats on revs; guides Q1 EPS below consensus, revs below consensus; guides FY09 EPS below consensus, revs below consensus (QCOM) 33.05 -2.12 : Reports Q4 (Sep) earnings of $0.63 per share, excluding non-recurring items, $0.03 better than the First Call consensus of $0.60. Co issues downside guidance for Q1, sees EPS of $0.46-0.50 vs. $0.61 consensus; sees Q1 revs of $2.3-2.5 bln vs. $2.91 bln consensus. Co issues downside guidance for FY09, sees EPS of $2.00-2.10 vs. $2.59 consensus; sees FY09 revs of $10.2-10.8 bln vs. $12.16 bln consensus. "As a result of the credit crisis and the economic uncertainty, our guidance reflects slower end- market device growth for 2009 than previously anticipated and a significant contraction in channel inventory in the first and second fiscal quarters. While we are estimating strong growth for CDMA-based devices in calendar year 2009, driven by a shift to emerging markets, this growth is meaningfully less than we would have forecast just a few weeks ago."
4:08PM Dolby Labs beats by $0.08, beats on revs; issues FY09 guidance (DLB) 28.22 -1.22 : Reports Q4 (Sep) earnings of $0.42 per share, $0.08 better than the First Call consensus of $0.34; revenues rose 26.4% year/year to $163.1 mln vs the $146.7 mln consensus. Co issues guidance for FY09, sees EPS of $1.57-1.77 vs. $1.77 consensus; sees FY09 revs of $660-720 mln vs. $707.83 mln consensus.
4:07PM True Religion beats by $0.17, beats on revs; guides FY08 EPS above consensus, revs above consensus (TRLG) : Reports Q3 (Sep) earnings of $0.64 per share, $0.17 better than the First Call consensus of $0.47; revenues rose 64.0% year/year to $79.4 mln vs the $65.8 mln consensus. Co issues upside guidance for FY08, sees EPS of $1.78 (previous guidance was $1.61-$1.65) vs. $1.65 consensus; sees FY08 revs of $265 mln vs. $247.79 mln consensus.
4:06PM Emergent Biosolutions beats by $0.17, beats on revs; guides FY08 EPS above consensus, revs in-line (EBS) 17.04 +0.07 : Reports Q3 (Sep) earnings of $0.35 per share, $0.17 better than the First Call consensus of $0.18; revenues rose 29.7% year/year to $56.6 mln vs the $46.7 mln consensus. Co issues mixed guidance for FY08, sees EPS of $0.70-0.83 vs. $0.69 consensus; reaffirms FY08 revs of $180-195 mln vs. $182.88 mln consensus.
4:05PM AthenaHealth beats by $0.01, beats on revs (ATHN) 27.31 -0.73 : Reports Q3 (Sep) earnings of $0.14 per share, $0.01 better than the First Call consensus of $0.13; revenues rose 35.1% year/year to $35.4 mln vs the $34.7 mln consensus. "Our growth rate is strong and our margins continue to expand even as we make increased investments, including substantial commission expense in the quarter related to growth."
4:02PM 99 Cents Only beats by $0.04, beats on revs (NDN) 10.84 -0.07 : Reports Q2 (Sep) earnings of $0.03 per share, excluding non-recurring items, $0.04 better than the First Call consensus of ($0.01); revenues rose 9.1% year/year to $317.4 mln vs the $302.3 mln consensus. While the Company has been faced with significant additional challenges, the benefits of its pricing, merchandising programs, improvements in labor productivity, shrinkage and operating efficiency are expected to continue and ultimately help achieve the Company's long term profit improvement plan for its non-Texas operations.
9:39AM Daktronics lowers their FY09 sales est to $585 mln from $618 mln (DAKT) 9.62 -0.50 : Co announces a revision of its estimated net sales for its fiscal year 2009, ending May 2, 2009, based primarily on declining expectations for its digital billboard business and additional softening in its Commercial business unit. During the co's first quarter conference call, management stated that it was comfortable with consensus estimates for net sales for the remaining three quarters of fiscal year 2009. The full year consensus estimate at that time was approx $618 mln. Primarily as a result of a lower level of orders in the Commercial business unit in the last month of the second quarter of fiscal year 2009 and expectations of continued weakness for the remainder of fiscal year 2009, the Company is revising its estimates for net sales for fiscal year 2009 to approx $585 mln vs $609 mln consensus.
9:06AM Delta Petroleum beats by $0.44, misses on revs (DPTR) 9.59 : Reports Q3 (Sep) earnings of $0.42 per share, $0.44 better than the First Call consensus of ($0.02); revenues rose 38.5% year/year to $60.8 mln vs the $68.4 mln consensus. Production for the third quarter totaled 6.57 Bcfe, despite approximately 0.22 Bcfe of curtailed production due to hurricane-related factors. As previously announced, the co has begun to reduce drilling and completion activities in accordance with its plans to lower capital expenditures and as such, the co is projecting fourth quarter production to increase to 6.7 to 6.9 Bcfe. Forecasted full year 2008 production is expected to be 24.8 to 25.0 Bcfe, which is at the lower end of the Company's original 2008 guidance of a 40% to 60% production increase over 2007 levels. Due to hurricane- related factors and reduced fourth quarter 2008 drilling capital expenditures, 2008 production will be slightly below the Company's previously revised guidance of 45% to 60% over 2007.
9:01AM Arena Resources beats by $0.05, beats on revs (ARD) 28.11 : Reports Q3 (Sep) earnings of $0.69 per share, $0.05 better than the First Call consensus of $0.64; revenues rose 156.2% year/year to $68.4 mln vs the $58 mln consensus. The revenue increase was due to increases in production volumes, primarily due to development activity, and increases in commodity prices. Arena's total sales production for the quarter ended September 30, 2008 was 618,835 BOEs (Barrel of Oil Equivalents). "We drilled 69 new development wells and re-fraced ten more existing wells on our Fuhrman Mascho properties during the quarter. We had four drilling rigs operating at the Fuhrman Mascho during the third quarter and as a result experienced our sixteenth consecutive quarter of record production. Based on current economic conditions and lower commodity prices, we have decided to reduce our current 2008 capital expenditure budget from $248 million to $189 million."
8:45AM Mediacom Comm beats by $0.10, reports revs in-line; increases FY08 OIBDA guidance (MCCC) 4.05 : Reports Q3 (Sep) earnings of $0.02 per share, $0.10 better than the First Call consensus of ($0.08); revenues rose 7.4% year/year to $352.6 mln vs the $353.3 mln consensus. "Based on the strength of our performance to date and the outlook for the remainder of the year, we are raising our full year 2008 financial guidance as follows: Revenue growth increased to between 7.5%-8.0%; it was previously between 7.0%-8.0%; and Adjusted OIBDA growth increased to between 9.0%-10.0%; it was previously between 8.5%-9.5%.
8:11AM CV Therapeutics misses by $0.06, beats on revs (CVTX) 9.70 : Reports Q3 (Sep) loss of $0.41 per share, $0.06 worse than the First Call consensus of ($0.35); revenues rose 92.8% year/year to $38.1 mln vs the $36.4 mln consensus. Co expect to have taxable income for 2008, despite the overall loss under generally accepted accounting principles, primarily due to the recognition for tax purposes of income from the upfront payments from Menarini and TPG-Axon of $70.0 million and $185.0 million, respectively.
8:08AM James River Coal misses by $0.48, misses on revs (JRCC) 15.91 : Reports Q3 (Sep) loss of $0.86 per share, $0.48 worse than the First Call consensus of ($0.38); revenues rose 16.7% year/year to $151.8 mln vs the $160.2 mln consensus. "This was a mixed quarter. Our costs in Central Appalachia were higher than we would like. This was partially due to changes in the regulatory environment and higher costs for raw materials. We were able to successfully resolve several of the regulatory issues and price escalation for raw materials appears to be easing. Our Midwest operations had a good quarter and the mines were able to perform at a very high level. We were also successful with our contracting activities in the Midwest this quarter. We are finally near the end of our low priced Central Appalachian (CAPP) coal supply contracts for 2007 and 2008. Our new higher priced CAPP contracts beginning in the first quarter of 2009 will, in many cases, be at prices that are double the level of this year. A substantial portion of our Midwest production currently under low priced contracts will be available for repricing at market as we approach the end of those contracts in 2009... As widely reported, the turmoil in the financial markets has affected the entire energy complex, including coal. We believe that the volatility in financially traded coal contracts has been greatly influenced by factors other than the underlying supply and demand for coal. These factors include tighter credit conditions on several large traders of financial coal contracts. We expect that the impact of these factors will be reduced during the next several months and the fundamentals of the market will, once again, be the dominant driver of future coal prices.
7:41AM Lumber Liquidators reports 3Q08 EPS of $0.20 vs $0.18 First Call consensus; revs increased 21% from a year ago to $123.1 mln vs $121.18 mln First Call consensus (LL) 8.30 : Lumber Liquidators sees FY08 $0.74-0.77 vs $0.74 First Call consensus; sees revs $482-486 mln vs $487.48 mln First Call consensus.
7:39AM Steven Madden beats by $0.09, beats on revs; guides FY08 EPS above consensus, revs above consensus (SHOO) 19.36 : Reports Q3 (Sep) earnings of $0.62 per share, $0.09 better than the First Call consensus of $0.53; revenues rose 13.0% year/year to $128.1 mln vs the $118.8 mln consensus. Co ended the quarter with $56.7 million in cash, cash equivalents, and marketable securities, no debt, and total stockholders' equity of $198.9 million; remain confident the Company is well positioned financially. Co issues upside guidance for FY08, sees EPS of $1.65-1.70 vs. $1.62 consensus; sees FY08 revs of $452-456 mln vs. $437.77 mln consensus.
7:39AM El Paso beats by $0.04, beats on revs (EP) 9.52 : Reports Q3 (Sep) earnings of $0.35 per share, excluding derivative gains and including SBC, $0.04 better than the First Call consensus of $0.31; revenues rose 37.0% year/year to $1.6 bln vs the $1.3 bln consensus.
7:37AM Barr Pharma beats by $0.12, beats on revs; guides FY08 EPS in-line, revs in-line (BRL) 62.32 : Reports Q3 (Sep) earnings of $0.83 per share, excluding non-recurring items, $0.12 better than the First Call consensus of $0.71; revenues rose 22.4% year/year to $737 mln vs the $687.1 mln consensus. Co issues in-line guidance for FY08, sees EPS of $2.85-2.95 vs. $2.86 consensus; sees FY08 revs of $2.8 bln vs. $2.76 bln consensus.
7:34AM Flowers Foods reports EPS in-line, revs in-line; guides FY08 EPS above consensus, revs above consensus; guides FY09 EPS in-line, revs above consensus (FLO) 28.04 : Reports Q3 (Sep) earnings of $0.29 per share, in-line with the First Call consensus of $0.29; revenues rose 22.0% year/year to $579.9 mln vs the $583.5 mln consensus. Co issues upside guidance for FY08, sees EPS of $1.22-1.26 vs. $1.21 consensus; sees FY08 revs of $2.42-2.43 bln vs. $2.4 bln consensus. Co issues mixed guidance for FY09, sees EPS of $1.33-1.45 vs. $1.39 consensus; sees FY09 revs of $2.72-2.765 vs. $2.7 bln consensus.
7:19AM URS beats by $0.16, beats on revs (URS) 28.96 : Reports Q3 (Sep) earnings of $0.79 per share, $0.16 better than the First Call consensus of $0.63; revenues rose 104.1% year/year to $2.59 bln vs the $2.53 bln consensus.
7:12AM Corrections Corp misses by $0.01, misses on revs; guides Q4 EPS below consensus; guides FY08 EPS below consensus (CXW) 18.85 : Reports Q3 (Sep) earnings of $0.30 per share, $0.01 worse than the First Call consensus of $0.31; revenues rose 8.9% year/year to $411.9 mln vs the $417.3 mln consensus. Co issues downside guidance for Q4, sees EPS of $0.30-0.32 vs. $0.34 consensus. Co issues downside guidance for FY08, sees EPS of $1.18-1.20 vs. $1.23 consensus. Operating margin per compensated man-day was $16.90 for the qtr. We have revised fourth quarter guidance primarily as a result of the following: 1) longer than anticipated delays in state of California inmate transfers to our Tallahatchie County facility, 2) a slower than anticipated ramp-up of state of California inmate populations at other facilities, 3) delays in negotiating the new USMS contract at our D.C. Correctional Treatment Facility and 4) recent and projected reductions in inmate populations from the states of Washington and Minnesota resulting from earlier than anticipated utilization of new, state-owned bed capacity.
7:11AM ANSYS beats by $0.06, beats on revs; guides Q4 EPS in-line, revs in-line; guides FY08 EPS in-line, revs in-line; guides FY09 EPS in-line, revs in-line (ANSS) 26.52 : Reports Q3 (Sep) earnings of $0.43 per share, $0.06 better than the First Call consensus of $0.37; revenues rose 37.0% year/year to $128.8 mln vs the $125.9 mln consensus. Co issues in-line guidance for Q4, sees EPS of $0.43-$0.45 vs. $0.44 consensus; sees Q4 revs of $145-$149 mln vs. $149.81 mln consensus. Co issues in-line guidance for FY08, sees EPS of $1.68-$1.70 vs. $1.63 consensus; sees FY08 revs of $494-$499 mln vs. $496.54 mln consensus. Co issues in-line guidance for FY09, sees EPS of $1.84-$1.90 vs. $1.87 consensus; sees FY09 revs of $610-$630 mln vs. $623.82 mln consensus.
7:11AM Linn Energy misses by $0.04, beats on revs (LINE) 15.51 -0.65 : Reports Q3 (Sep) earnings of $0.45 per share, $0.04 worse than the First Call consensus of $0.49; revenues fell 5.9% year/year to $240.6 mln vs the $217.3 mln consensus. Average production was 227.4 MMcfe/d for the third quarter 2008, compared to 223.6 MMcfe/d for the second quarter 2008. The increase in production volumes was primarily attributable to drilling and workover activities. Hedged realized prices per barrel (Bbl) for oil and NGL production were $85.30 and $65.56, respectively, for the third quarter 2008, compared to $81.10 and $70.55 per Bbl for the second quarter 2008. Hedged realized prices for natural gas were $8.05 per thousand cubic feet (Mcf) for the third quarter 2008, compared to $9.92 per Mcf for the second quarter 2008.
7:10AM AutoNation misses by $0.04, misses on revs (AN) 6.09 : Reports Q3 (Sep) earnings of $0.25 per share, excluding non-recurring items, $0.04 worse than the First Call consensus of $0.29; revenues fell 21.5% year/year to $3.54 bln vs the $3.88 bln consensus. "We expect the rest of 2008 will continue to be challenging and foresee U.S. industry new vehicle sales for 2008 in the low 13-million unit level, an 18-year low. While at this time it is hard to predict new vehicle sales for 2009, the most conservative industry forecast is in the range of 12 million new vehicle units. Even at a 12 million new vehicle level, we are confident that AutoNation will remain profitable and in compliance with debt covenants."
6:30AM Smith & Nephew misses by $0.07, misses on revs (SNN) 43.51 : Reports Q3 (Sep) earnings of $0.61 per share, $0.07 worse than the First Call consensus of $0.68; revenues rose 10.1% year/year to $930 mln vs the $950.1 mln consensus. In Orthopaedic Reconstruction co expects their US business to grow at close to market growth rates for the remainder of 2008 and for their European business to continue to be impacted by Plus. Co's Orthopaedic Trauma business is expected to return to market growth rates in the US by the end of the year. They continue to expect that the impact of harmonisation of selling practices in the former Plus business will be USD100 mln in revenue in the full twelve month period. We continue to expect Endoscopy to grow slightly behind the market in 2008.
6:23AM Petrohawk Energy misses by $0.01, beats on revs (HK) 17.49 : Reports Q3 (Sep) earnings of $0.19 per share, excluding non-recurring items, $0.01 worse than the First Call consensus of $0.20; revenues rose 42.9% year/year to $305 mln vs the $286.5 mln consensus. Pro forma production increased 37% year/year. The latest Haynesville Shale well placed on production at 15.7 Mmcfe/d.
6:23AM U.S. Concrete misses by $0.01, reports revs in-line (RMIX) 2.64 : Reports Q3 (Sep) earnings of $0.04 per share, $0.01 worse than the First Call consensus of $0.05; revenues fell 10.6% year/year to $212.8 mln vs the $213.1 mln consensus. "We expect our fourth quarter 2008 revenues and ready-mixed concrete volumes to be down between 10% and 15%, assuming normal operating conditions, compared to the fourth quarter of 2007, reflecting the sustained slowdown in construction activity in our markets. Although we expect to generate positive EBITDA in the fourth quarter, we expect to generate a loss on a per share basis."
6:19AM Hornbeck Offshore beats by $0.07, misses on revs; guides FY08 EPS in-line (HOS) 24.07 : Reports Q3 (Sep) earnings of $1.09 per share, excluding gain on sale of OSVs, $0.07 better than the First Call consensus of $1.02; revenues rose 15.1% year/year to $109.1 mln vs the $112.6 mln consensus. Co issues in-line guidance for FY08, sees EPS of $3.94-4.18 vs. $3.95 consensus.
6:19AM Greenbrier Comp beats by $0.06, beats on revs (GBX) 8.02 : Reports Q4 (Aug)
earnings of $0.45 per share, $0.06 better than the First Call consensus of $0.39; revenues rose 3.3% year/year to $362 mln vs the $324.9 mln consensus.
6:17AM Continental Resources misses by $0.16, reports revs in-line (CLR) 29.25 : Reports Q3 (Sep) earnings of $0.62 per share, $0.16 worse than the First Call consensus of $0.78; revenues rose 87.3% year/year to $293.6 mln vs the $295.1 mln consensus. Continental expects to achieve its 2008 total production volume target of at least 12,000 Mboe. Current trends indicate that the Company may slightly exceed its guidance for production expense, which had been expected to be $7.75-to-$8.00 per boe, and its guidance for depreciation, depletion and amortization expense, which had been expected to be $9.75-to-$10.50 per boe.
6:13AM Westlake Chemical misses by $0.08 (WLK) 17.28 : Reports Q3 (Sep) earnings of $0.42 per share, $0.08 worse than the First Call consensus of $0.50; revenues rose 27.8% year/year to $1.07 bln vs the $1.06 bln consensus.
6:11AM Pioneer Drilling beats by $0.05, beats on revs (PDC) 7.28 : Reports Q3 (Sep) earnings of $0.48 per share, $0.05 better than the First Call consensus of $0.43; revenues rose 63.6% year/year to $174.2 mln vs the $161.7 mln consensus.
6:08AM Urban Outfitters Q3 comp sales increase 10%; co reports Q308 net sales (URBN) 20.13 : Reports Q3 (Oct) net sales increased 26% year/year to $477.95 mln vs the $476.42 mln First Call consensus. Co reports comparable store sales increased 10% during the quarter.
6:02AM Lamar Advertising misses by $0.01, beats on revs; guides Q4 revs below consensus (LAMR) 15.32 : Reports Q3 (Sep) earnings of $0.04 per share, $0.01 worse than the First Call consensus of $0.05; revenues fell 0.6% year/year to $312.5 mln vs the $305.7 mln consensus. Co issues downside guidance for Q4, sees Q4 revs of $286 mln vs. $291.34 mln consensus.
5:26AM Canadian Natrl Res beats by $0.57 (CNQ) 51.65 : Reports Q3 (Sep) earnings of $1.78 per share, excluding non-recurring items, $0.57 better than the First Call consensus of $1.21; revenue increased 49% year/year to $4.58 bln vs the $2.88 bln consensus. Co forecasts 2008 production levels before royalties to average between 1,492 and 1,506 mmcf/d of natural gas and between 313,000 and 318,000 bbl/d of crude oil and NGLs. Q4/08 production guidance before royalties is forecast to average between 1,430 and 1,455 mmcf/d of natural gas and between 300,000 and 316,000 bbl/d of crude oil and NGLs.
1:47AM Hertz Global misses by $0.19, beats on revs; suspends guidance (HTZ) 6.66 : Reports Q3 (Sep) earnings of $0.33 per share, excluding non-recurring items, $0.19 worse than the First Call consensus of $0.52; revenues fell 1.1% year/year to $2.42 bln vs the $2.39 bln consensus. Co will not meet its current guidance and suspends giving specific earnings guidance on individual financial metrics.
1:07AM Teva Pharm beats by $0.02, misses on revs (TEVA) 40.67 : Reports Q3 (Sep) earnings of $0.72 per share, excluding non-recurring items, $0.02 better than the First Call consensus of $0.70; revenues rose 20.1% year/year to $2.84 bln vs the $2.89 bln consensus.
1:02AM Western Refining beats by $0.49 (WNR) 7.22 : Reports Q3 (Sep) earnings of $1.61 per share, $0.49 better than the First Call consensus of $1.12; revenues increased 41.8% year/year to $3.17 bln (no consensus available).
12:58AM ATP Oil & Gas beats by $0.49, misses on revs (ATPG) 11.19 : Reports Q3 (Sep) earnings of $0.60 per share, excluding non-recurring items, $0.49 better than the First Call consensus of $0.11; revenues rose 1.4% year/year to $118.4 mln vs the $125.1 mln consensus.
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