Earnings - 11th Aug 2009

7:54AM Tongxin International reports Q2 EPS of $0.39; revs increased 50.2% YoY to $34.8 mln (no ests) (TXIC) 8.20 : Significant quarter-over-quarter sales increases were directly attributed to increased sales to existing customers, new contracts the continued recovery of the manufacturing sector after factory quotas and shutdowns were ordered by Beijing in April, May and June 2008 in preparation for the Summer Olympics. Net profit margins were 12.7% for the quarter which is a 200-basis point improvement in net margins from 10.6% reported the second quarter of 2008... Based upon continued strong growth in the Chinese domestic market and anticipated improvement in exports to Vietnam, co is revising earnings guidance and providing revenue guidance for 2009. Revenues are estimated to be $120.0 million for the calendar year, 2009. Net income is forecasted to increase to $14.7 million, an 18.5% increase from previously issued guidance. Earnings per basic share outstanding are forecasted to be $1.30 compared to previous guidance of $1.10 based on 11.3 million shares. As of June 30, 2009 the company had 12.9 million diluted shares outstanding (based upon the Treasury Method).

7:06AM Bridgepoint Education beats by $0.11, beats on revs; guides FY09 EPS above consensus, revs above consensus (BPI) 19.34 : Reports Q2 (Jun) earnings of $0.34 per share, excluding non-recurring items, $0.11 better than the First Call consensus of $0.23; revenues rose 122.2% year/year to $110.9 mln vs the $99.2 mln consensus. Total student enrollment at Bridgepoint Education's academic institutions, Ashford University and University of the Rockies, increased 101.3% to 45,504 students at June 30, 2009, compared with 22,607 students at the end of the second quarter of 2008. As of June 30, 2009, 99% of the total student population accessed their classes exclusively online. Combined new student enrollments for the second quarter of 2009 at both of Bridgepoint Education's academic institutions were approximately 14,600, an increase of 80.2%, compared with combined new student enrollments of approximately 8,100 for the second quarter of 2008. Co issues upside guidance for FY09, sees EPS of $1.00-1.02 vs. $0.87 consensus; sees FY09 revs of $425-430 mln vs. $406.53 mln consensus. Total student enrollment is expected to be between 48,000 and 49,000 at December 31, 2009.

12:34AM GeoEye beats by $0.07; misses on revenue; issues upside guidance for FY09 (GEOY) 24.95 : Reports Q2 (Jun) earnings of $0.46 per share, $0.07 better than the First Call Consensus of $0.39; revenues increased 112% year/year to $72.7 mln vs $73.85 mln consensus. Revenues related to contracts with the U.S. Government, the co's largest customer, were $47.5 mln for the second quarter of 2009, representing 65.3% of total revenues for the period. Co issues upside guidance for FY09; sees revenue of $270.0-280.0 mln vs $269.46 mln consensus. Co sees FY09 EPS of $1.10-1.37 vs $1.10 consensus.

12:27AM Federal Agricultural Mortgage reports 2Q09 results (AGM) 9.09 : Reports Q2 (Jun) net income of $25.4 mln, or $2.49 per diluted common share, for the three months ended June 30, 2009 (no estimates available). Q209 results compare to second quarter 2008 net income of $21.4 mln, or $2.13 per diluted common share, and $33.5 mln, or $3.31 per diluted common share, for 1Q09. Second quarter 2009 results were driven by gains in the values of financial derivatives and recoveries of previously-recorded losses related to loans for ethanol plants. Farmer Mac's core earnings were $4.7 mln for second quarter 2009, compared to $4.8 mln for 1Q09 and $7.1 mln for 2Q08.