Earnings - 19th Dec 2008

7:37AM Jabil Circuit misses by $0.02, misses on revs; guides Q2 EPS in-line, revs below consensus (JBL) 6.46 : Reports Q1 (Nov) earnings of $0.30 per share, $0.02 worse than the First Call consensus of $0.32; revenues rose 0.4% year/year to $3.38 bln vs the $3.42 bln consensus. Co issues mixed guidance for Q2, sees EPS of 0.20-0.24, excluding $0.03 per share for amortization of intangibles and $0.05 per share for stock-based compensation and related charges, vs. $0.20 consensus; sees Q2 revs of $2.8-3.0 bln vs. $3.07 bln consensus. Co says "Liquidity and a resilient balance sheet are key advantages in this market environment. The $1.4 bln of liquidity we enjoyed at the end of our first quarter should improve as our working capital and capital expenditure requirements decline during our second quarter." Jabil has nearly $600 mln in cash and $800 mln available under a five-year revolving credit facility expiring in 2012.

7:01AM Cintas misses by $0.07, misses on revs; suspends guidance (CTAS) 25.54 : Reports Q2 (Nov) earnings of $0.47 per share, $0.07 worse than the First Call consensus of $0.54; revenues rose 0.1% year/year to $985.2 mln vs the $1024.6 mln consensus. Given the significant uncertainties that are widespread throughout the marketplace, the Company has removed their revenue and earnings-per-share guidance for this fiscal year. The current marketplace is experiencing extremely volatile conditions, most of which are largely outside of the Company's control. To provide updated guidance at this time would require significant subjective assumptions on these volatile external conditions and require too wide of a guidance range for both revenue and earnings per share to be meaningful.

6:52AM Accuray beats by $0.01, beats on revs; guides FY09 revs in-line (ARAY) 5.06 : Reports Q1 (Sep) earnings of $0.03 per share, excluding non-cash, stock based compensation charges for the first quarter of fiscal 2009 of $0.09 per diluted share, $0.01 better than the First Call consensus of $0.02; revenues rose 15.0% year/year to $55.9 mln vs the $54.1 mln consensus. Co issues in-line guidance for FY09, sees FY09 revs of $230-250 vs. $227.72 mln consensus.