4:57PM Robbins & Myers beats by $0.08, reports revs in-line; guides Q2 EPS in-line; guides FY09 EPS in-line (RBN) 18.64 -0.53 : Reports Q1 (Nov) earnings of $0.50 per share,$0.08 better than the First Call consensus of $0.42; revenues rose 2.6% year/year to $178 mln vs the $176.5 mln consensus. Co issues in-line guidance for Q2, sees EPS of $0.36-0.46, excluding a $0.04 benefit, vs. $0.42 consensus. Co issues in-line guidance for FY09, sees EPS of $1.80-2.00 vs. $1.92 consensus. Co says, "RBN remains financially secure with $74 mln of cash, an undrawn senior credit facility, and $33 mln of debt. We have revised our expectations for the full year to reflect recent changes in order levels, unfavorable global economic conditions and currency translation headwinds, mitigated somewhat by announced share repurchases and efforts to reduce costs."
4:36PM EMC Corp reaffirms Q4 EPS above consensus, reaffirms revs guidance in-line; announces program to reduce cost structure (EMC) 11.18 -0.15 : Co reaffirms Q4 revs of $4.0 bln vs $4.0 bln First Call consensus, reaffirms EPS of $0.25-0.26, excluding $0.10 restructuring charge and a $0.02 intangible asset charge, vs $0.23 consensus. Co says to improve the competitiveness and efficiency of its global business, EMC also announced a restructuring program to further streamline the costs related to its Information Infrastructure business, which does not include VMware. EMC expects the program to reduce costs from its 2008 annualized rate by ~$350 mln in 2009, increasing to ~$500 mln in 2010.
4:19PM Bed Bath & Beyond beats by $0.01, reports revs in-line; guides Q4 EPS below consensus (BBBY) 25.55 -0.45 : Reports Q3 (Nov) earnings of $0.34 per share, $0.01 better than the First Call consensus of $0.33; revenues fell 0.6% year/year to $1.78 bln vs the $1.79 bln consensus. Co issues downside guidance for Q4, sees EPS of $0.40-0.46 vs. $0.49 consensus. Comparable store sales in the fiscal third quarter of 2008 decreased by approximately 5.6%, compared with an increase of approximately 0.8% in last year's fiscal third quarter.
4:11PM Ruby Tuesday beats by $0.09, misses on revs; guides FY09 EPS above consensus (RT) 1.49 -0.15 : Reports Q2 (Nov) loss of $0.02 per share, excluding $0.71 restructuring charge, $0.09 better than the First Call consensus of ($0.11); revenues fell 9.7% year/year to $289.8 mln vs the $299.7 mln consensus. Co issues upside guidance for FY09, sees EPS of $0.30-0.40, excluding $0.85 in charges for restructuring and goodwill, vs. $0.28 consensus. Co sees FY09 same-restaurant sales are expected to decline 9% to 10% for the year.
4:10PM WD-40 Company beats by $0.05, beats on revs; guides Q2 EPS below consensus, revs below consensus; lowers FY09 revs below consensus (WDFC)26.92 -1.02 : Reports Q1 (Nov) earnings of $0.46 per share, $0.05 better than the First Call consensus of $0.41; revenues rose 5.6% year/year to $83.6 mln vs the $82.4 mln consensus. Co issues downside guidance for Q2, sees EPS of $0.23-0.28 vs. $0.48 consensus; sees Q2 revs of $69-73 mln vs. $82.25 mln consensus. Co lowers FY09 revs guidance to $305-315 mln vs. $329.51 mln consensus, down from $323-343 mln.
4:06PM Immucor beats by $0.03, beats on revs; guides FY09 EPS in-line, revs in-line (BLUD) : Reports Q2 (Nov) earnings of $0.24 per share, $0.03 better than the First Call consensus of $0.21; revenues rose 17.9% year/year to $73 mln vs the $71.1 mln consensus. Co issues in-line guidance for FY09 - raises EPS guidance to $0.97-1.02 vs. $0.98 consensus and vs prior guidance of $0.94-0.98; reaffirms FY09 rev guidance of $292-300 mln vs. $297.24 mln consensus.
4:01PM Hot Topic reports same store sales of +4.3% vs. +1.9% Briefing.com consensus; co sees Q4 EPS of $0.30-0.32 vs. $0.28 First Call Consensus (HOTT) 9.00 +0.04 : The co raises guidance based upon a mid-single-digit comp increase for the fourth quarter.
3:04PM UniFirst beats by $0.12, beats on revs (UNF) 29.41 -0.47 : As mentioned at 15:01 co reports Q1 (Nov) earnings of $0.97 per share, $0.12 better than the First Call consensus of $0.85; revenues rose 6.2% year/year to $262.6 mln vs the $256.8 mln consensus. Co stated, "Our strong first quarter was the result of a continued focus on maximizing the output of our professional sales and services organizations. In addition, we have intensified our cost control efforts throughout the co. However, we will need to be even more diligent in these areas going forward. The level of headcount reductions in our customer base has accelerated considerably through November and December and we expect that the general economic weakness will negatively impact our revenues for the balance of our fiscal year. Despite the challenging economic environment, we will continue to focus on factors within our control such as providing superior service and value to our customers."
8:02AM Supervalu beats by $0.02, reports revs in-line; lowers guidance range for FY09 (SVU) 15.09 : Reports Q3 (Nov) earnings of $0.62 per share, excluding non-recurring items, $0.02 better than the First Call consensus of $0.60; revenues fell 0.4% year/year to $10.17 bln vs the $10.18 bln consensus. Co lowers guidance for FY09, sees EPS of $2.80-2.90, excluding non-recurring items, vs. $2.79 consensus, prior guidance $2.90-3.00.
7:36AM Jarden expects Q4 revs will be "slighty above" provided guidance of $1.3 bln (JAH) 12.74 : Co issues upside guidance, sees Q4 revs to be "slightly above the provided guidance of $1.3 bln vs $1.3 bln First Call consensus. In addition, based on initial submissions, the company finished the year with more than $360 mln of cash on the balance sheet. Accordingly, the company anticipates that its leverage ratio for bank purposes at December 31, 2008 will be approx 3.7 times
7:32AM Constellation Brands beats by $0.01, misses on revs; guides FY09 EPS in-line (STZ) 16.87 : Reports Q3 (Nov) earnings of $0.60 per share, excluding non-recurring items,$0.01 better than the First Call consensus of $0.59; revenues fell 5.8% year/year to $1.03 bln vs the $1.13 bln consensus. Co issues in-line guidance for FY09, sees EPS of $1.68-1.72 vs. $1.69 consensus, prior guidance $1.68-1.76.
7:02AM Family Dollar beats by $0.02, reports revs in-line; guides Q2 EPS above consensus; guides FY09 EPS in-line (FDO) 24.33 : Reports Q1 (Nov) earnings of $0.42 per share, $0.02 better than the First Call consensus of $0.40; revenues rose 4.2% year/year to $1.75 bln vs the $1.75 bln consensus. Co issues upside guidance for Q2, sees EPS of $0.48-0.52 vs. $0.47 consensus. Co issues in-line guidance for FY09, sees EPS of $1.63-1.81 vs. $1.69 consensus. Co expects FY09 net sales will increase 4% to 6% and expects comparable store sales will increase 2% to 4%.
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