6:34PM Bucyrus beats by $0.35, beats on revs (BUCY) 42.53 -0.05 : Reports Q3 (Sep) earnings of $1.21 per share, $0.35 better than the First Call consensus of $0.86; revenues rose 4.6% year/year to $675.8 mln vs the $623.4 mln consensus.
4:19PM Synaptics beats by $0.06, beats on revs (SYNA) 23.66 +0.93 : Reports Q1 (Sep) earnings of $0.48 per share, excluding non-recurring items, $0.06 better than the First Call consensus of $0.42; revenues rose 3.7% year/year to $119.6 mln vs the $116.4 mln consensus. Q3 gross margin of 40.4% vs. 40.6% street expectation. "We saw a sharp year-over-year increase in our mobile touchscreen business, where we are working with the top handset makers to broaden penetration of capacitive touchscreen phones around the world. Synaptics won a number of important new designs during the quarter, and design activity remains robust,"
4:18PM Western Digital beats by $0.31, beats on revs (WDC) 37.11 +1.25 : Reports Q1 (Sep) earnings of $1.25 per share, $0.31 better than the First Call consensus of $0.94; revenues rose 4.3% year/year to $2.2 bln vs the $2.06 bln consensus. WDC reports Q1 hard drive shipments of 44.6 mln compared to 40 mln in Q4. "In the September quarter, we leveraged our organization-wide agility to respond to unexpectedly robust demand and again generated strong financial results. As we enter the December quarter, demand remains strong and our product line-up, availability and cost profile position us to benefit from continuing growth opportunities."
4:18PM Chipotle Mexican Grill beats by $0.20, reports revs in-line (CMG) 87.77 +4.29 : Reports Q3 (Sep) earnings of $1.08 per share, $0.20 better than the First Call consensus of $0.88; revenues rose 13.8% year/year to $387.6 mln vs the $388.2 mln consensus. Full year comparable restaurant increases in the low single digits. For FY10, co sees flat comparable restaurant sales.
4:15PM Align Tech beats by $0.08, beats on revs; guides Q4 EPS above consensus, revs above consensus (ALGN) 15.38 +0.44 : Reports Q3 (Sep) earnings of $0.13 per share, $0.08 better than the First Call consensus of $0.05; revenues rose 5.5% year/year to $79.3 mln vs the $73.8 mln consensus. Co issues upside guidance for Q4, sees EPS of $0.08-$0.10 vs. $0.06 consensus; sees Q4 revs of $77.5-$81 mln vs. $76.58 mln consensus.
4:12PM Sunpower beats by $0.02, beats on revs; guides FY09 EPS in-line, revs above consensus (SPWRA) 33.30 +0.94 : Reports Q3 (Sep) earnings of $0.42 per share, $0.02 better than the First Call consensus of $0.40; revenues rose 56.4% year/year to $466 mln vs the $420.1 mln consensus. SPWRA reports gross margin 20.7% compared to 22.6% in Q2. Co issues mixed guidance for FY09, sees EPS of 1.15-1.25 vs. $1.21 consensus; tightens FY09 revs to $1.425-1.50 bln from $1.35-1.70 bln vs. $1.43 bln consensus.
4:08PM Deckers Outdoor beats by $0.34, reports revs in-line; guides Q4 EPS above consensus, revs above consensus (DECK) 91.74 +2.25 : Reports Q3 (Sep) earnings of $2.59 per share, $0.34 better than the First Call consensus of $2.25; revenues rose 15.8% year/year to $228.4 mln vs the $227.7 mln consensus. DECK raises guidance, sees Q4 EPS growth of 5%, up from prior guidance of -4% and vs -3.5% consensus; co sees revs growth of +4%, up from prior guidance to decrease slightly YoY and vs +0.3% consensus. Q4 (Dec) guidance equates to EPS of $4.25 vs. $3.90 consensus; sees Q4 (Dec) revs of $315.60 mln vs. $303.85 mln consensus. Deckers Outdoor guidance also assumes a gross profit margin of approximately 47.0%, compared to previous expectations of 47.5%. "In addition to exceeding expectations, our third quarter results highlight our efforts to further diversify our product lines, expand our share of the market, and control expenses. Our UGG brand sales continue to be led by our core boot category, with the performance of several new styles driving the strong start to the fall selling season. Our focus on broadening the depth of our collections has enabled us to increase shelf space and attract new consumers to the brand. At the same time, we had a positive response to our more technical line of closed toe, light hikers, which will help establish our Teva brand as a true year-round brand and provide important momentum for spring 2010. Our Simple brand is also experiencing solid sell-through as ecoSNEAKS continue to perform well at major accounts such as Nordstrom and Journeys. We are very pleased with our ability to successfully execute our business plan in what continues to be an uncertain economic environment. We remain focused on effectively managing our expenses and inventory levels and are moving forward excited about the many long-term domestic and international growth opportunities that lie ahead for the Company." UGG brand net sales for the third quarter increased 19.1% to $212.8 million compared to $178.7 million for the same period last year. The sales gain was primarily attributable to an increase in domestic and international shipments of fall product versus the same period a year ago. During the third quarter, the Company repurchased approximately 300,000 shares of its common stock under its stock repurchase program for a total of approximately $20.0 million."
4:06PM Amazon.com beats by $0.12, beats on revs; guides Q4 revs above consensus (AMZN) 93.45 +0.03 : Reports Q3 (Sep) earnings of $0.45 per share, $0.12 better than the First Call consensus of $0.33; revenues rose 27.8% year/year to $5.45 bln vs the $5.03 bln consensus. Co issues upside guidance for Q4, sees Q4 revs of $8.12-9.12 vs. $8.11 bln consensus. AMZN sees Q4 operating income of $300-425 mln vs $372 mln consensus. Co said, "Kindle has become the #1 bestselling item by both unit sales and dollars - not just in our electronics store but across all product categories on Amazon.com. It's also the most wished for and the most gifted. We are grateful for and energized by this customer response... Earlier this week we began shipping the latest generation Kindle. Its 3G wireless works in the U.S. and 100 countries, and we've just lowered its price to $259."
7:36AM ITT Educational beats by $0.03, beats on revs (ESI) 110.43 : Reports Q3 (Sep) earnings of $2.00 per share, $0.03 better than the First Call consensus of $1.97; revenues rose 33.5% year/year to $339.6 mln vs the $335.3 mln consensus.
7:35AM Celgene beats by $0.02, beats on revs (CELG) 54.58 : Reports Q3 (Sep) earnings of $0.56 per share, excluding non-recurring items, $0.02 better than the First Call consensus of $0.54; revenues rose 16.8% year/year to $692 mln vs the $671.2 mln consensus. Co reports Q3 sales of Revlimid $450 mln vs. $429 mln consensus; Vidaza $103 mln vs. $108 mln consensus, Thalomid $110 mln vs. $102 mln consensus.
7:13AM Laboratory Corp beats by $0.07, reports revs in-line; guides FY09 EPS above consensus (LH) 68.85 : Reports Q3 (Sep) earnings of $1.22 per share, $0.07 better thanthe First Call consensus of $1.15; revenues rose 4.4% year/year to $1.19 bln vs the $1.18 bln consensus. Co issues upside guidance for FY09, sees EPS of $4.84-4.89 vs. $4.81 consensus; the Company expects revenue growth of approximately 4%, consensus 4.57%.
6:46AM J. Crew raises Q3 guidance above consensus (JCG) 37.74 : Co issues upside guidance for Q3 (Oct), sees EPS of $0.54-0.59 vs. $0.36 First Call consensus, prior guidance $0.30-0.33. The Company's third quarter fiscal 2009 expectations reflect a high single digit increase in comparable store sales; a low single digit increase in Direct sales; and a gross profit margin increase of approximately 500 basis points as compared to the third quarter of fiscal 2008 which was 41.6% of revenues. This compares to the Company's previous guidance for the third quarter of fiscal 2009 of a mid-single digit decline in comparable store sales; a low to mid-single-digit decline in Direct sales; and a 100 basis point increase in gross profit margin.
6:36AM Dow Chemical beats by $0.14, beats on revs (DOW) 25.50 : Reports Q3 (Sep) earnings of $0.24 per share, excluding non-recurring items, $0.14 better than the First Call consensus of $0.10; revenues rose 6.4% year/year to $12.05 bln vs the $11.85 bln consensus. Co said, "The economic outlook for the rest of 2009 appears to be stabilizing withstrong growth in Asia Pacific, especially China, and other emerging geographies. The global economy is now on firmer footing, and, in our view, the United States economy is beginning a slow and tenuous recovery, with unemployment continuing to be a drag on consumer spending. Therefore, our 2009/2010 operating plans do not count on material improvements in market conditions, and we remain tightly focused on those factors we can control, such as costs, capital and cash flow management. Dow has already begun to benefit from the smooth integration of Rohm and Haas and the decisive actions we took to accelerate our restructuring efforts and cost synergies. We have also made significant improvements to our balance sheet, strengthening our financial structure and providing more flexibility in how we execute any further divestitures, which will be made on a timely and strategic basis."
6:33AM Alexion Pharma beats by $0.08, beats on revs; raises non-GAAP EPS guidance and Soliris net product sales guidance (ALXN) 44.13 : Reports Q3 (Sep) earnings of $0.29 per share, $0.08 better than the First Call consensus of $0.21; revenues rose 34.1% year/year to $102.6 mln vs the $98.3 mln consensus. Full-year 2009 financial guidance for non-GAAP diluted earnings per share is being revised upward, from the previously announced range of $1.01 to $1.06, to a higher range of $1.15 to $1.18, not comaparable to the GAAP consensus of $0.76. Alexion is revising upward its previously announced guidance for worldwide Soliris net product sales, from a previous range of $368 to $378 million, now to a higher range of $383 to $385 million for the full-year 2009.
6:10AM Check Point Sftwr beats by $0.03, beats on revs (CHKP) 30.10 : Reports Q3 (Sep) earnings of $0.52 per share, excluding non-recurring items, $0.03 better than the First Call consensus of $0.49; revenues rose 17.0% year/year to $233.6 mln vs the $230.7 mln consensus.
6:09AM Travelers beats by $0.30; raises FY09 EPS guidance (TRV) 48.02 : Reports Q3 (Sep) earnings of $1.61 per share, excluding non-recurring items, $0.30 better than the First Call consensus of $1.31. Co raises guidance for FY09, sees EPS of 5.30-5.50 vs. $5.28 consensus, up from previous guidance of $4.80-5.05. Book value for the quarter jumped 22% QoQ to $51.24 per share. The current quarter underwriting gain reflects a GAAP combined ratio, excluding net favorable prior year reserve development and catastrophe losses, of 92.5 percent, as compared to 91.8 percent in the prior year quarter. This increase of 0.7 points primarily resulted from reduced underwriting margins related to pricing and loss cost trends, higher non-catastrophe weather-related losses within Personal Insurance as well as the impact of the company's recently announced direct to consumer initiative. "These results were driven by underwriting profitability in each of our business segments and increased net investment income, as our non-fixed income portfolio yield improved to a positive level. "We were once again successful in achieving positive renewal rate changes across all of our business segments, although net written premiums were down modestly, largely attributable to declining economic activity in recent... With improved stability in the capital markets we deployed excess liquidity that we accumulated over the past several quarters. We repurchased $1 billion of common shares in the quarter in contrast to our past practice of reduced share repurchases during the catastrophe season. Given our strong earnings performance and cash position and more stable capital markets, we increased our regular quarterly dividend by 10 percent to $0.33 per share. In addition our Board of Directors has approved an additional $6.0 billion of common share repurchases."
6:08AM Potash beats by $0.01, beats on revs; guides Q4 EPS below consensus (POT)102.48 : Reports Q3 (Sep) earnings of $0.82 per share, $0.01 better than the First Call consensus of $0.81; revenues fell 64.1% year/year to $1.1 bln vs the $1.04 bln consensus. Co issues downside guidance for Q4, sees EPS of $0.65-0.85 vs. $1.18 consensus. N. American potash producer shipments improved from the previous quarter, but third-quarter volumes were still more than 50% below the same quarter in 2008 and year-to-date totals were nearly 70% lower than in the first nine months of last year. In July, India signed new contracts with global potash producers, which co believed would inspire buyer confidence in other markets. This failed to materialize, as potash buyers appeared to respond instead to their perception of market conditions and risks, including healthy producer inventories, lack of engagement by Chinese buyers and a late US harvest. Moreover, large inventory writedowns in nitrogen and phosphate taken by dealers over the past year limited the appetite for additional inventory risk. As a result, dealers and farmers continued to buy potash only on an as-needed basis, putting pressure on spot market pricing.In phosphate, US producer solid fertilizer domestic sales volumes moved closer to historical levels, while offshore volumes rose slightly as India continued to import significant quantities and shipments to Brazil increased in advance of its key planting season. In nitrogen, lower domestic natural gas costs allowed North American producers to be more competitive, contributing to a 24% decline in ammonia imports to the US compared to last year's third quarter. Lower winter wheat plantings and continued deferral by fertilizer buyers reduced urea demand and prices in the quarter. Co anticipates global potash demand in 2010 will approximate 50 million tonnes. Co now expects 2009 potash gross margin to fall within the range of $0.7-$0.9 billion and total shipments to be 3.0-3.2 million tonnes.With lower forecast potash volumes, POT now anticipates 2009 annual effective tax rate will be in the range of 10-12%, with the fourth quarter at approx 26-27%. Provincial mining and other taxes are forecast within a range of 3-4% of total potash gross margin in the year as a result of lower volumes and pricing.
3:10AM AU Optronics beats by $0.01, beats on revs (AUO) 9.82 : Reports Q3 (Sep) earnings of $0.26 per ADR, $0.01 better than the First Call consensus of $0.25; revenues rose 8.4% year/year to $3.5 bln vs the $3.21 bln consensus. Co reports operating margin of 6.8%.
No comments:
Post a Comment