6:47PM Goodrich Petroleum beats by $0.06, misses on revs (GDP) 25.51 -0.22 : Reports Q4 (Dec) loss of $0.01 per share, $0.06 better than the First Call consensus of ($0.07); revenues rose 35.7% year/year to $44.1 mln vs the $49.9 mln consensus.
5:39PM United Rentals beats by $0.21, reports revs in-line; suspends guidance (URI)4.19 -0.33 : Reports Q4 (Dec) earnings of $0.72 per share, excluding $15.41 in non-recurring charges and $0.44 in gains, $0.21 better than the First Call consensus of $0.51; revenues fell 14.5% year/year to $791 mln vs the $788.2 mln consensus. The co also announced that it will suspend issuing formal guidance due to continued uncertainty in the macro-economy and the impact of the credit environment on the co's customers.
5:35PM California Water misses by $0.04, misses on revs (CWT) 40.88 +0.13 : Reports Q4 (Dec) earnings of $0.35 per share, $0.04 worse than the First Call consensus of $0.39; revenues rose 16.5% year/year to $100.1 mln vs the $101.7 mln consensus.
5:33PM Flowserve beats by $0.14, misses on revs; guides FY09 EPS above consensus (FLS) 46.12 -1.42 : Reports Q4 (Dec) earnings of $2.03 per share, $0.14 better than the First Call consensus of $1.89; revenues rose 5.4% year/year to $1.17 bln vs the $1.26 bln consensus. Co reaffirms upside guidance for FY09, sees EPS of $7.25-8.25, excluding ~$0.50 in non-recurring items, vs. $6.96 consensus.
4:51PM Circor beats by $0.31, beats on revs; guides Q1 EPS in-line, revs below consensus (CIR) 20.74 +0.06 : Reports Q4 (Dec) earnings of $1.12 per share, excluding a pre-tax, non-cash goodwill and intangible impairment charge of $141.3 million recorded as a special charge, $0.31 better than the First Call consensus of $0.81; revenues rose 15.8% year/year to $202 mln vs the $194.9 mln consensus. Co issues mixed guidance for Q1, sees EPS of $0.56-0.68 vs. $0.65 consensus; sees Q1 revs of $170-176 mln vs. $184.45 mln consensus.
4:48PM Tenaris beats by $0.02, beats on revs (TS) 17.96 -0.98 : Reports Q4 (Dec) earnings of $1.01 per share, excluding non-recurring items, $0.02 better than the First Call consensus of $0.99; revenues rose 3.9% year/year to $3.24 bln vs the $3.01 bln consensus. Co says, "We estimate that global apparent demand for OCTG in 2008 rose by around 11% in 2008 compared to 2007. This increase includes a substantial surge in inventories in the US fueled by surging Chinese imports of standard and non heat-treated products. We expect that apparent demand for OCTG will suffer a strong adjustment in 2009, reflecting an expected decline in oil and gas drilling activity and efforts to reduce inventories. Demand for premium and other high-end OCTG products should hold up better than for standard product grades as oil and gas companies maintain their investments in complex projects already underway. Demand for our large-diameter pipes for pipeline projects in South America rose during 2008 as we made deliveries to a number of pipeline projects in Brazil, Argentina and Colombia.However, sales are expected to decline in 2009 as the current order backlog is lower than last year and customers delay the implementation of new projects.Steelmaking raw material costs for our seamless pipe products and steel costs for our welded pipe products rose steeply in the first half of the year but fell even more steeply during the second half of the year as the recessionary environment had an almost immediate impact on global steelmaking activity. Pipe prices, which had risen during the second and third quarter are now declining following the correction in raw material and energy costs."
4:33PM Genco Shipping & Trading misses by $0.01, beats on revs (GNK) 11.66 -1.06 : Reports Q4 (Dec) earnings of $1.55 per share, $0.01 worse than the First Call consensus of $1.56; revenues rose 54.6% year/year to $101.6 mln vs the $100.2 mln consensus. The average daily time charter equivalent, or TCE, rates obtained by the company's fleet increased 13.4% to $35,304 per day for the three months ended December 31, 2008 compared to $31,140 for the three months ended December 31, 2007. "We estimate that one of our vessels will be drydocked in the first quarter of 2009. An additional six vessels will be drydocked in the remainder of 2009."
4:32PM USEC Inc. reports EPS in-line, misses on revs; guides FY09 revs above consensus (USU) 5.28 -0.16 : Reports Q4 (Dec) earnings of $0.16 per share, in-line with the First Call consensus of $0.16; revenues fell 30.0% year/year to $431.9 mln vs the $440.4 mln consensus. Co issues upside guidance for FY09, sees FY09 revs of $2.2-2.25 bln vs. $2.01 bln consensus.
4:13PM Fluor beats by $0.12, beats on revs; reaffirms FY09 EPS guidance (FLR) 32.95 -2.38 : Reports Q4 (Dec) earnings of $1.04 per share, $0.12 better than the First Call consensus of $0.92; revenues rose 28.9% year/year to $6.07 bln vs the $5.81 bln consensus. Co reaffirms guidance for FY09, sees EPS of $3.90-4.20 vs. $3.76 consensus. The fourth quarter of 2008 benefited from a low tax rate, including a $12 million reduction for the capital loss resulting from the sale of the existing office facilities in the United Kingdom. Increased fourth quarter operating results were primarily due to growth in the Oil & Gas segment. While the company sees evidence of a slowdown in certain new capital investment programs, the impact to Fluor's backlog has been relatively minor.
4:13PM Salesforce.com beats by $0.04, beats on revs; guides Q1 EPS in-line, revs in-line; guides FY10 EPS above consensus, revs in-line (CRM) 28.10 +0.63 : Reports Q4 (Jan) earnings of $0.11 per share, $0.04 better than the First Call consensus of $0.07. Co issues in-line guidance for Q1, sees EPS of $0.10-0.11 vs. $0.10 consensus; sees Q1 revs of $304-305 vs. $305.48 mln consensus. Co issues mixed guidance for FY10, sees EPS of $0.54-0.55 vs. $0.51 consensus; sees FY10 revs of $1.30-1.33 bln vs. $1.33 bln consensus. "Salesforce.com is proud to be the first billion dollar cloud computing company... the company announced it has reached 55,400 customers and surpassed 1.5 million net paying subscribers."
4:08PM Perini beats by $0.03, reports revs in-line; guides FY09 EPS below consensus, revs below consensus (PCR) 16.58 -1.62 : Reports Q4 (Dec) earnings of $0.79 per share, $0.03 better than the First Call consensus of $0.76. Co issues downside guidance for FY09, sees EPS of $2.60-2.80 down from $2.80-3.00 vs. $2.95 consensus; sees FY09 revs of $5.5-6 bln down from $6-6.5 bln vs. $6.16 bln consensus. Co says "We believe that the Stimulus Package will present a number of good opportunities for our Company. We are very well positioned geographically as a financially strong and diversified building and civil infrastructure construction company."
4:06PM NuVasive misses by $0.03, beats on revs; guides Q1 EPS in-line, revs in-line; guides FY09 revs in-line (NUVA) 35.89 -0.35 : Reports Q4 (Dec) earnings of $0.10 per share, $0.03 worse than the First Call consensus of $0.13; revenues rose 59.1% year/year to $74.6 mln vs the $73.2 mln consensus. Co issues in-line guidance for Q1, sees EPS of $0.01-0.03 vs. $0.02 consensus; sees Q1 revs of $75 vs. $75.11 mln consensus. Co issuesguidance for FY09, sees EPS of $0.83-0.85, may not compare to $0.34 consensus; sees FY09 revs of $345-350 vs. $347.77 mln consensus. "The Osteocel and Progentix transactions strongly position us to compete in the $1.5 billion biologics market as we seek to grow the product line to over $100 million in the next few years. Despite uncertain economic conditions, we see 2009 as an opportunity for NuVasive to continue taking market share with the speed and creativity that we have become known for. To that end, we plan to aggressively invest in the growth of our business in 2009, including the initiation of our XLTDR clinical study, increased scientific and marketing investments in our biologics platform, continued international expansion, and the launch of fifteen new products and line extensions. We look forward to capitalizing on current market conditions to accelerate our move into the top tier of global spine companies."
4:02PM ManTech reports EPS in-line, misses on revs; guides Q1 EPS above consensus, revs in-line; guides FY09 EPS in-line, revs in-line (MANT) : Reports Q4 (Dec) earnings of $0.69 per share, in-line with the First Call consensus of $0.69; revenues rose 17.3% year/year to $494.7 mln vs the $505.8 mln consensus. Co sees Q1 EPS of $0.68-0.71 vs. $0.67 consensus; sees Q1 revs of $485-505 mln vs. $493.33 mln consensus. Co issues in-line guidance for FY09, sees EPS of $2.91-3.05 vs. $2.95 consensus; sees FY09 revs of $2.1-2.2 bln vs. $2.12 bln consensus.
8:21AM Dollar Tree beats by $0.02, reports revs in-line; guides Q1 EPS in-line, revs in-line; guides FY10 EPS in-line, revs in-line (DLTR) 36.06 : Reports Q4 (Dec) earnings of $1.15 per share, $0.02 better than the First Call consensus of $1.13; revenues rose 6.8% year/year to $1.39 bln vs the $1.39 bln consensus. Co issues in-line guidance for Q1, sees EPS of $0.49-0.54 vs. $0.52 consensus; sees Q1 revs of $1.13-1.16 bln vs. $1.14 bln consensus. Co issues in-line guidance for FY10, sees EPS of $2.55-2.75 vs. $2.72 consensus; sees FY10 revs of $4.96-5.09 vs. $4.98 bln consensus.
8:07AM Del Monte beats by $0.08, misses on revs; guides FY09 EPS above consensus (DLM) 6.55 : Reports Q3 (Jan) earnings of $0.30 per share, $0.08 better thanthe First Call consensus of $0.22; revenues rose 8.4% year/year to $942.3 mln vs the $956.3 mln consensus. Co issues upside guidance for FY09, sees EPS of $0.64-0.68 vs. $0.59 consensus, up from previous guidance of $0.58-0.62. Co sees FY09 sales up 9-11% vs previous guidance of up 8-10%; we calculate this to be a range of $3.49-3.55 bln vs $3.52 bln consensus.
7:33AM Petrohawk Energy misses by $0.07, beats on revs (HK) 17.50 : Reports Q4 (Dec) loss of $0.04 per share, $0.07 worse than the First Call consensus of $0.03; revenues rose 19.1% year/year to $270.7 mln vs the $225.9 mln consensus.
7:31AM POZEN beats by $0.11, beats on revs (POZN) 5.75 : Reports Q4 (Dec) loss of $0.14 per share, $0.11 better than the First Call consensus of ($0.25); revenues rose 125.6% year/year to $14 mln vs the $10.5 mln consensus.
6:34AM SPX Corp beats by $0.19, misses on revs (SPW) 42.27 : Reports Q4 (Dec) earnings of $2.06 per share, $0.19 better than the First Call consensus of $1.87; revenues rose 17.1% year/year to $1.51 bln vs the $1.53 bln consensus. "However, global economic conditions changed drastically in the final months of the year, and we were not immune to these events. We experienced backlog declines in the fourth quarter, and were required to record an impairment charge to the asset value of one of our businesses. The first quarter of 2009 continues to be difficult for our customers, and we are anticipating that trend will continue throughout the year."
12:10AM Sociedad Quimica y Minera de Chile reports Q408 results (SQM) 29.93 : Co anounces year/year earnings growth of 170% for Q408, reporting quarterly net income of $120.3 mln ($0.46 per ADR) compared to the 2007 figure of $44.6 mln ($0.17 per ADR). Operating income for the fourth quarter reached $150.8 mln, 151% higher than the $60.1 mln recorded for the same period of 2007. Revenues totaled $397.9 mln, an increase of approx 29.9% with respect to Q407, when revenues amounted to $306.2 mln.
12:05AM Ormat Tech beats by $0.01, beats on revs (ORA) 29.42 : Reports Q4 (Dec) earnings of $0.26 per share, $0.01 better than the First Call consensus of $0.25; revenues rose 35.2% year/year to $95.5 mln vs the $84.1 mln consensus. Commenting on the outlook for 2009, CEO Dita Bronicki said, "We expect our 2009 Electricity Segment revenues to be between $280 mln and $290 mln. We also expect an additional $9 mln of revenues from our share of electricity revenue generated by a subsidiary, which is accounted for under the equity method. With regard to our Products Segment, we expect that our 2009 revenues will be between $100 mln and $120 mln." Co expects to pay a dividend of $0.06/share in the next three quarters, compared to $0.05 per quarter in 2008.
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