Earnings - 13th July 2009

6:16PM Martin Marietta lowers FY09 EPS guidance below consensus (MLM) 77.10 +1.63 : Co lowers FY09 EPS guidance to to $2.70-3.30 vs $3.55 First Call consensus, down from $3.75-4.15. Co says, "The revised earnings range is driven by three primary factors: (i) a weaker and slower-than-expected recovery of the general United States economy; (ii) a marked decrease in transportation infrastructure spending resulting from a decline in state revenues and a longer-than-expected delay in federal stimulus projects moving to the construction stage; and (iii) an adverse weather-affected first half of the year... says, as we have consistently indicated, we have expected our 2009 performance to be driven primarily by anticipated economic growth in the second half of the year. This growth was to be principally fueled by federal economic stimulus, or the American Recovery and Reinvestment Act, which was specifically crafted to provide for increased construction and for investment in the nation's infrastructure.csx

4:58PM Int. Intelligence guides Q2 revs and EPS above consensus (ININ) 13.11 +0.38 : Co issues upside guidance; co sees Q2 Non-GAAP EPS of $0.22-0.26, excluding non-recurring items, vs. the $0.14 First Call consensus. Co also issues Q2 revs of $32-34 mln vs $29.8 mln consensus. Co says, "We saw growth in the quarter in both product and services revenues. We received three orders over $1 million, including two from new customers, and another nine orders over $250,000 each. We were pleased to see such customer demand in an environment that continues to be very competitive and filled with economic uncertainty."

4:38PM CSX Corp beats by $0.10, misses on revs (CSX) 32.54 +0.51 : Reports Q2 (Jun) earnings of $0.72 per share, excluding non-recurring items, $0.10 better than the First Call consensus of $0.62; revenues fell 25.0% year/year to $2.2 bln vs the $2.27 bln consensus. CSX said revenue fell primarily due to a 21% decline in volume and lower fuel surcharge recovery. Volumes continued to decline across the board, although the rate of decline in the coal market accelerated in the second quarter.

8:00AM Fastenal misses by $0.04, misses on revs (FAST) 37.73 : Reports Q2 (Jun) earnings of $0.29 per share, $0.04 worse than the First Call consensus of $0.33; revenues fell 21.4% year/year to $474.9 mln vs the $487.1 mln consensus. As they saw in the previous two quarters, the weakened economy continues to have a substantial impact on their business. These impacts continue to negatively affect their sales, particularly related to our industrial production business (business where we supply products that become part of the finished goods produced by others) and, more recently, their non-residential construction business. Co reaffirms cap-ex in 2009 will be $65,000 from $95,000 in '08.