Earnings- 26th may 2009

4:10PM Cree issues upside guidance for Q4 (Jun), sees EPS of $0.15-0.17, ex-items, vs $0.14 First Call consensus; sees Q4 revs of $143-150 mln vs. $139.43 mln consensus. (CREE) 27.77 +1.19 : Co issues upside guidance for Q4 (Jun), sees EPS of $0.15-0.17, excluding non-recurring items, vs. $0.14 First Call consensus; sees Q4 (Jun) revs of $143-150 mln vs. $139.43 mln consensus. The targeted revenue range is higher than previously announced primarily due to stronger LED component bookings for lighting-related applications, as well as higher LED chip bookings for notebook backlighting. Gross margin for the quarter is targeted to be at the higher end of previously targeted levels. Operating expenses are targeted to be approximately $46 mln. Co says, "We are pleased with the strong booking trends for Q4. We also remain optimistic about the growth potential for LED lighting in fiscal 2010, although there is some near term execution risk as we ramp up production to meet these higher targets."

6:37AM Canadian Solar beats by $0.16, misses on revs (CSIQ) 10.01 : Reports Q1 (Mar) loss of $0.10 per share, excluding non-recurring items, $0.16 better than the First Call consensus of ($0.26); revenues fell 71.1% year/year to $49.5 mln vs the $54.1 mln consensus. Co says, "Within Q1, shipments increased sequentially m/m. This positive trend continued into Q2 and we expect further increases in Q3. Offsetting this positive trend, however, customers, especially those in United States, continue to face an uncertain financing environment. Additionally, recent inventory clearance efforts by some of our competitors have resulted in declining module ASPs, which may cause delays in project purchase decisions by customers. We expect that these issues may ultimately lead to some order reductions or push-outs into 2010. As a result, we are taking a more conservative outlook and now expect FY09 shipments to be around 200 MW to 220 MW, with previously issued net rev outlook adjusted accordingly (previous guidance called for FY09 revs of $600-800 mln). We expect our Q2 shipment level will be significantly higher than that of Q1, reflecting improved solar installation levels around the world and increased demand for our high-quality and cost-competitive solar products. We also expect that we will achieve greater market diversification as we now have order booking to sell into Germany, Spain, Italy, the Czech Republic, France, Korea, the U.S., China, Japan and several other countries in Q2."

1:24AM Giant Interactive beats by $0.01, misses on revs; issues downside Q2 revenue guidance (GA) 8.26 : Reports Q1 (Mar) earnings of $0.15 per share, excluding non-recurring items, $0.01 better than the First Call consensus of $0.14; revenues fell 18.7% year/year to $54.7 mln vs the $55.5 mln consensus. Non-GAAP net income margin excluding non-cash share-based compensation was 64.3%. Co issues downside guidance for Q2; sees revenue of RMB343-373 mln vs RMB394.62 mln consensus.