Tuesday, May 4, 2010

Earnings - 4th May 2010

5:50PM EOG Resources misses by $0.05, beats on revs (EOG) 113.56 +1.44 : Reports Q1 (Mar) earnings of $0.46 per share, excluding non-recurring items, $0.05 worse than the Thomson Reuters consensus of $0.51; revenues rose 18.3% year/year to $1.37 bln vs the $1.22 bln consensus. EOG continues to target total co organic production growth of 13% for 2010.

5:48PM Unitrin beats by $0.14, misses on revs (UTR) 29.93 +0.68 : Reports Q1 (Mar) earnings of $0.77 per share, $0.14 better than the Thomson Reuters consensus of $0.63; revenues rose 0.9% year/year to $661.4 mln vs the $718.4 mln consensus.

5:39PM Granite Constr misses by $0.26, misses on revs (GVA) 33.86 +0.25 : Reports Q1 (Mar) loss of $1.09 per share, $0.26 worse than the Thomson Reuters consensus of ($0.83); revenues fell 36.5% year/year to $220.7 mln vs the $256.8 mln consensus. Co sees FY10 construction revs of $1.05-1.25 bln with gross profit of $11.5-13%. Large Project Construction segment revenue is expected to be $725-825 mln with a gross margins of 10-12%. Construction Materials segment revenue is expected to be $200-250 mln with corresponding gross profit margin between 12-13%.

5:34PM Salix Pharma: XIFAXAN 550 mg (rifaximin) demonstrated acute and sustained relief of non-constipation irritable bowel syndrome symptoms; data from target 1&2 presented at Digestive Disease Week (SLXP) 41.06 +0.91 :

5:29PM Anadarko Petro beats by $0.39, beats on revs (APC) 64.03 +1.87 : Reports Q1 (Mar) earnings of $0.81 per share, excluding non-recurring items, $0.39 better than the Thomson Reuters consensus of $0.42; revenues rose 74.8% year/year to $3.14 bln vs the $2.68 bln consensus.

5:18PM St. Mary Lnd/Expl beats by $0.19, beats on revs (SM) 40.20 -0.04 : Reports Q1 (Mar) earnings of $0.45 per share, excluding non-recurring items, $0.19 better than the Thomson Reuters consensus of $0.26; revenues rose 63.3% year/year to $212.9 mln vs the $199.7 mln consensus.

5:07PM Health Care REIT beats by $0.02, beats on revs; lowers top end of FY10 FFO range (HCN) 45.94 +1.01 : Reports Q1 (Mar) funds from operations of $0.75 per share, $0.02 better than the Thomson Reuters consensus of $0.73; revenues rose 10.1% year/year to $152.8 mln vs the $149.2 mln consensus. For FY10, co now sees FFO of $3.10-$3.20 (vs. $3.16 Thomson Reuters consensus), compared to the previous range of $3.10-$3.25.

5:04PM AsiaInfo beats by $0.05, beats on revs; guides Q2 EPS above consensus, revs below consensus (ASIA) 27.82 -0.59 : Reports Q1 (Mar) earnings of $0.34 per share, ex-items, $0.05 better than the Thomson Reuters consensus of $0.29; revenues rose 24.5% year/year to $63.5 mln vs the $62.7 mln consensus. Co issues mixed guidance for Q2, sees EPS of 0.31-0.34, excluding non-recurring items, vs. $0.30 Thomson Reuters consensus; sees Q2 revs of $65-69 mln vs. $69.38 mln Thomson Reuters consensus. Gross margin was 61.5% vs 54% in 1Q09 and 57.7% in 4Q09.

5:01PM FMC Corp beats by $0.04, beats on revs; guides Q2 EPS below consensus; guides FY10 EPS in-line (FMC) 64.30 +0.66 : Reports Q1 (Mar) earnings of $1.34 per share, $0.04 better than the Thomson Reuters consensus of $1.30; revenues rose 9.6% year/year to $756.5 mln vs the $738.5 mln consensus. Co issues downside guidance for Q2, sees EPS of $1.15-$1.25 vs. $1.27 Thomson Reuters consensus. Co issues in-line guidance for FY10, sees EPS of $4.45-$4.80 vs. $4.57 Thomson Reuters consensus.

4:51PM Orthovita reports EPS in-line, misses on revs (VITA) 4.08 +0.08 : Reports Q1 (Mar) loss of $0.02 per share, in-line with the Thomson Reuters consensus of ($0.02); revenues rose 11.1% year/year to $24.1 mln vs the $25.2 mln consensus. Gross margin rose to 69% from 68% last yr.

4:46PM Innophos Holdings beats by $0.06, beats on revs (IPHS) 29.39 +0.90 : Reports Q1 (Mar) earnings of $0.47 per share, $0.06 better than the Thomson Reuters consensus of $0.41; revenues fell 11.1% year/year to $169 mln vs the $153.4 mln consensus.

4:41PM FelCor Lodging beats by $0.04, beats on revs; guides FY10 FFO above consensus (FCH) 8.25 +0.14 : Reports Q1 (Mar) loss of $0.17 per share, $0.04 better thanthe Thomson Reuters consensus of ($0.21); revenues fell 0.9% year/year to $226 mln vs the $218.8 mln consensus. Co issues upside guidance for FY10, sees funds from operations of (0.47-0.30) vs. ($0.55) Thomson Reuters consensus.

4:35PM Yamana Gold misses by $0.01, reports revs in-line (AUY) 10.79 -0.08 : Reports Q1 (Mar) earnings of $0.10 per share, $0.01 worse than the Thomson Reuters consensus of $0.11; revenues rose 62.1% year/year to $346.3 mln vs the $349.6 mln consensus. Production is expected to be in the range of 1.030 million GEO to 1.145 million GEO in 2010 consistent with previous guidance.

4:34PM Genco Shipping & Trading beats by $0.03, reports revs in-line (GNK) 23.95 +0.79 : Reports Q1 (Mar) earnings of $1.06 per share, $0.03 better than the Thomson Reuters consensus of $1.03; revenues fell 2.1% year/year to $94.7 mln vs the $94.9 mln consensus.

4:33PM Concur Tech beats by $0.02, beats on revs; guides Q3 EPS below consensus; guides FY10 EPS below consensus (CNQR) 43.27 +1.36 : Reports Q2 (Mar) earnings of $0.20 per share, $0.02 better than the Thomson Reuters consensus of $0.18; revenues rose 17.4% year/year to $72.8 mln vs the $70.1 mln consensus. Co issues downside guidancefor Q3, sees EPS of $0.17 vs. $0.20 Thomson Reuters consensus. Co issues downside guidance for FY10, sees EPS of $0.76 vs. $0.80 Thomson Reuters consensus.

4:33PM Array Biopharma beats by $0.04, beats on revs (ARRY) 3.71 +0.01 : Reports Q1 (Mar) loss of $0.30 per share, $0.04 better than the Thomson Reuters consensus of ($0.34); revenues rose 206.7% year/year to $18.4 mln vs the $14.8 mln consensus.

4:27PM Beazer Homes beats by $0.72, beats on revs; announces 12.5 mln share offering, announces $300 mln senior note offering, announces 3 mln tangible equity units (BZH) 6.88 +0.31 : Reports Q2 (Mar) earnings of $0.10 per share, excluding non-recurring items, $0.72 better than the Thomson Reuters consensus of ($0.62); revenues rose 6.2% year/year to $198.2 mln vs the $191.4 mln consensus. New orders from continuing operations: 1,673 homes, an increase year-over-year of 48.8%. Cancellation rate improved to 17.6% in the second quarter compared to 26.9% in the first quarter of this year and 29.8% in the second quarter of the prior year. Gross profit margin of 13.1% (18.3% without impairments and abandonments), compared to -11.9% (11.1% without impairments and abandonments) in the second quarter of the prior year. Backlog: 1,781 homes with a sales value of $394.5 million compared to 1,278 homes with a sales value of $296.3 million as of March 31, 2009.

4:23PM IRIS Intl reports Q1 results; reiterates FY10 guidance (IRIS) 11.86 +0.43 : Co reports Q1 EPS of $0.06 vs $0.08 Thomson Reuters consensus; revs rose 20% YoY to $26.0 mln vs $23.60 mln Thomson Reuters consensus. Co reiterates FY10 guidance for EPS of $0.40-0.43 vs $0.41 Thomson Reuters consensus; revs $100-104 mln vs $101.33 mln Thomson Reuters consensus.

4:23PM Forest Oil misses by $0.05, misses on revs (FST) 29.92 +0.62 : Reports Q1 (Mar) earnings of $0.42 per share, $0.05 worse than the Thomson Reuters consensus of $0.47; revenues rose 13.9% year/year to $221.9 mln vs the $227.3 mln consensus.

4:23PM Meadowbrook Ins beats by $0.06, misses on revs; raises FY10 operating income guidance (MIG) 7.85 -0.05 : Reports Q1 (Mar) earnings of $0.30 per share, $0.06 better than the Thomson Reuters consensus of $0.24; revenues rose 16.4% year/year to $174.2 mln vs the $176.9 mln consensus. Co issues raises guidance for FY10, sees operating income of $0.90-$1.00 per share vs. $0.93 Thomson Reuters consensus.

4:23PM Comstock beats by $0.06, misses on revs (CRK) 33.07 +1.01 : Reports Q1 (Mar) earnings of $0.16 per share, $0.06 better than the Thomson Reuters consensus of $0.10; revenues rose 55.1% year/year to $106.1 mln vs the $112.3 mln consensus.

4:21PM Annaly Mortgage misses by $0.10 (NLY) 17.11 +0.16 : Reports Q1 (Mar) earnings of $0.62 per share, $0.10 worse than the Thomson Reuters consensus of $0.72.

4:20PM Pitney Bowes beats by $0.01, misses on revs; reaffirms FY10 EPS guidance, revs guidance (PBI) 25.88 +0.48 : Reports Q1 (Mar) earnings of $0.55 per share, $0.01 better than the Thomson Reuters consensus of $0.54; revenues fell 2.3% year/year to $1.35 bln vs the $1.38 bln consensus. Co reaffirms guidance for FY10, sees EPS of $2.30-$2.50 vs. $2.40 Thomson Reuters consensus; sees FY10 revs up 0%-3%, which calculates to roughly $5.57-$5.74 bln vs. $5.62 bln Thomson Reuters consensus.

4:20PM NetSuite reports EPS in-line, revs in-line (N) 14.55 +0.46 : Reports Q1 (Mar) earnings of $0.01 per share, in-line with the Thomson Reuters consensus of $0.01; revenues rose 5.5% year/year to $43.9 mln vs the $43.7 mln consensus.

4:19PM AllianceBernstein beats by $0.12, beats on revs (AB) 32.19 +0.80 : Reports Q1 (Mar) earnings of $0.62 per share, excluding non-recurring items, $0.12 better than the Thomson Reuters consensus of $0.50; revenues rose 21.2% year/year to $725 mln vs the $702.4 mln consensus. Total assets under management as of March 31, 2010 were $501 billion, up $5 billion, or 1%, from December 31, 2009, and up $90 billion, or 22%, compared to March 31, 2009. Base fee revenues increased by $76 million, or 18%, due principally to higher revenue in the Retail and Private Client channels.

4:19PM Nutrisystem beats by $0.03, beats on revs (NTRI) 18.50 -0.83 : Reports Q1 (Mar) earnings of $0.15 per share, $0.03 better than the Thomson Reuters consensus of $0.12; revenues fell 1.9% year/year to $158.8 mln vs the $155.5 mln consensus.

4:17PM Sangamo BioSci misses by $0.09, misses on revs (SGMO) 6.45 +0.29 : Reports Q1 (Mar) loss of $0.09 per share, $0.09 worse than the Thomson Reuters consensus of ($0.00); revenues rose 106.2% year/year to $6.6 mln vs the $11.2 mln consensus.

4:17PM Universal Technical Institute beats by $0.06, beats on revs (UTI) 24.89 +0.93 : Reports Q2 (Mar) earnings of $0.25 per share, $0.06 better than the Thomson Reuters consensus of $0.19; revenues rose 18.5% year/year to $105.6 mln vs the $102.7 mln consensus. Student start growth of 22% for Q2 2010.

4:15PM Synchronoss Tech beats by $0.02, beats on revs (SNCR) 19.95 -0.48 : Reports Q1 (Mar) earnings of $0.14 per share, $0.02 better than the Thomson Reuters consensus of $0.12; revenues rose 18.6% year/year to $35.1 mln vs the $34.6 mln consensus.

4:14PM Airmedia beats by $0.01, misses on revs (AMCN) 6.26 -0.15 : Reports Q1 (Mar) loss of $0.10 per ADS, $0.01 better than the Thomson Reuters consensus of ($0.11); net revenues rose 50.6% year/year to $47.8 mln vs the $49 mln consensus.

4:12PM McKesson misses by $0.03, misses on revs; guides FY11 EPS above consensus (MCK) 64.87 +0.06 : Reports Q4 (Mar) earnings of $1.26 per share, $0.03 worse than the Thomson Reuters consensus of $1.29; revenues rose 1.6% year/year to $26.64 bln vs the $27.41 bln consensus. Co issues upside guidance for FY11, sees EPS of $4.72-4.92 vs. $4.70 Thomson Reuters consensus.

4:09PM Principal Fincl beats by $0.11, misses on revs (PFG) 30.26 +1.04 : Reports Q1 (Mar) earnings of $0.79 per share, $0.11 better than the Thomson Reuters consensus of $0.68. Book value per share up 212% YoY and 9% QoQ. "We delivered significant improvement in operating earnings, EPS, net income, AUM and book value per share, reflecting improved credit and equity market conditions, and our ongoing discipline around expenses and the investment portfolio."

4:08PM Unica beats by $0.02, beats on revs (UNCA) 9.77 +0.49 : Reports Q2 (Mar) earnings of $0.08 per share, $0.02 better than the Thomson Reuters consensus of $0.06; revenues rose 24.5% year/year to $29 mln vs the $27.2 mln consensus.

4:08PM Sykes Enterprises misses by $0.05, beats on revs; guides Q2 EPS in-line, revs below consensus; lowers FY10 EPS in-line, revs in-line (SYKE) 22.57 -0.23 : Reports Q1 (Mar) earnings of $0.18 per share, excluding non-recurring items, $0.05 worse than the Thomson Reuters consensus of $0.23; revenues rose 35.4% year/year to $275.2 mln vs the $268.4 mln consensus. Co issues mixed guidance for Q2, sees EPS of $0.28-0.32, excluding non-recurring items, vs. $0.32 Thomson Reuters consensus; sees Q2 revs of $305-310 mln vs. $317.33 mln Thomson Reuters consensus. Co lowers guidance for FY10, sees EPS of $1.33-1.50, excluding non-recurring items, vs. $1.50 Thomson Reuters consensus, down from $1.38-1.55; sees FY10 revs of $1.23-1.245 bln vs. $1.25 bln Thomson Reuters consensus.

4:07PM Pericom Semi beats by $0.02, beats on revs; guides Q4 revs above consensus (PSEM) 11.99 0.31 : Reports Q3 (Mar) earnings of $0.12 per share, $0.02better than the Thomson Reuters consensus of $0.10; revenues rose 2.5% year/year to $36.7 mln vs the $35 mln consensus. Co issues upside guidance for Q4, sees Q4 revs of $40-$42 mln vs. $36.00 mln Thomson Reuters consensus. Gross margin for Q4 is expected to be in the 35-36% range, operating expenses in the $11.2-$11.7 mln range, and net income from unconsolidated affiliates PTI and JCP is expected to be approximately $0.6 mln.

4:07PM Cognex beats by $0.07, beats on revs (CGNX) 21.40 +0.49 : Reports Q1 (Mar) earnings of $0.22 per share, $0.07 better than the Thomson Reuters consensus of $0.15; revenues rose 39.6% year/year to $58.9 mln vs the $56.6 mln consensus.

4:06PM Qiagen beats by $0.01, beats on revs; reaffirms FY10 EPS in-line, revs in-line (QGEN) 23.07 +0.22 : Reports Q1 (Mar) earnings of $0.20 per share, excluding non-recurring items, $0.01 better than the Thomson Reuters consensus of $0.19; revenues rose 19.7% year/year to $264.4 mln vs the $260.4 mln consensus. Co reaffirms in-line guidance for FY10, sees EPS of $0.90-0.96, excluding non-recurring items, vs. $0.91 Thomson Reuters consensus; reaffirms FY10 revs of $1.12-1.17 bln vs. $1.15 bln Thomson Reuters consensus.

4:06PM Volcano beats by $0.01, beats on revs (VOLC) 24.40 +0.37 : Reports Q1 (Mar) loss of $0.02 per share, $0.01 better than the Thomson Reuters consensus of ($0.03); revenues rose 35.9% year/year to $66.6 mln vs the $63.2 mln consensus.

4:06PM Rackspace reports EPS in-line, revs in-line (RAX) 19.15 +1.20 : Reports Q1 (Mar) earnings of $0.07 per share, in-line with the Thomson Reuters consensus of $0.07; revenues rose 23.3% year/year to $178.8 mln vs the $177.7 mln consensus.

4:02PM Andersons beats by $0.16, misses on revs (ANDE) 37.00 +0.86 : Reports Q1 (Mar) earnings of $0.66 per share, $0.16 better than the Thomson Reuters consensus of $0.50; revenues rose 3.6% year/year to $722 mln vs the $748 mln consensus.

2:06PM Gaylord Entertain beats by $0.01, beats on revs (GET) 30.05 -3.71 : Reports Q1 (Mar) loss of $0.04 per share, $0.01 better than the Thomson Reuters consensus of ($0.05); revenues rose 2.1% year/year to $216.7 mln vs the $212.6 mln consensus. Co reports Q1 Total RevPAR increased 1.5% y/y. As previously mentioned (see 9:47 comment), the co has withdrawn its FY10 guidance due to flood damage at Gaylord Opryland.

12:22PM iShares DJ Real Estate back vacillating near its early high (IYR) 54.40 +1.44 : The IYR was one of the weaker performers Friday after it setting a new 52-wk high of 55.00 off the open. Today it has continued to display relative strength with it currently back vacillating near its morning high of 54.40. Its 52-wk close high from last Thursday is at 54.66 -- PEI +8.2%, AIV +6.6%, CPT +5.2%, EQR +4.8%, SPG +3.6%, MAC +3.6%, BXP +3.5%, VNO +2.9%, KIM +2.6%, PLD +2.8%, PSA +2.4%, PCL +1.3%.


8:38AM Clorox beats by $0.07, reports revs in-line; raises lower end of FY10 EPS guidance, reaffirms FY10 revs guidance; guides FY11 in-line (CLX) 64.70 : Reports Q3 (Mar) earnings of $1.16 per share, $0.07 better than the Thomson Reuters consensus of $1.09; revenues rose 1.2% year/year to $1.37 bln vs the $1.37 bln consensus. Co issuesmixed guidance for FY10, raises lower end of FY10 EPS guidance to $4.20-4.25 vs. $4.24 Thomson Reuters consensus vs $4.10-4.25 previously; reaffirms FY10 revs up 1-2%, equating to $5.50-5.56 bln vs. $5.54 bln Thomson Reuters consensus. Co issues in-line guidance for FY11, sees EPS of $4.50-4.65 vs. $4.63 Thomson Reuters consensus, with revs up 2-4% YoY vs the +3.3% consensus. Gross margin was roughly flat YoY.

8:33AM Mercury General beats by $0.19 (MCY) 44.99 : Reports Q1 (Mar) earnings of $0.85 per share, $0.19 better than the Thomson Reuters consensus of $0.66.

8:16AM Drew Industries beats by $0.03, beats on revs (DW) 25.65 : Reports Q1 (Mar) earnings of $0.33 per share, $0.03 better than the Thomson Reuters consensus of $0.30; revenues rose 105.6% year/year to $146 mln vs the $128.7 mln consensus.

8:06AM Sysco beats by $0.02, beats on revs (SYY) 31.54 : Reports Q3 (Mar) earnings of $0.42 per share, $0.02 better than the Thomson Reuters consensus of $0.40; revenues rose 2.4% year/year to $8.95 bln vs the $8.75 bln consensus.

8:03AM Administaff beats by $0.16, beats on revs (ASF) 22.14 : Reports Q1 (Mar) earnings of $0.09 per share, $0.16 better than the Thomson Reuters consensus of ($0.07); revenues fell 0.9% year/year to $457.7 mln vs the $424.7 mln consensus, as worksite employees paid per month fell 7.8%, offset by a 7.5% increase in rev per worksite employee.

8:03AM Abbott Labs receives FDA approval for CREON to include dosing information for patients with chronic pancreatitis and pancreatectomy (ABT) 51.16 :

8:02AM Valeant Pharmaceuticals beats by $0.05, beats on revs; raises FY10 EPS guidance (VRX) 45.00 : Reports Q1 (Mar) earnings of $0.64 per share, excluding non-recurring items, $0.05 better than the Thomson Reuters consensus of $0.59; revenues rose 30.4% year/year to $232 mln vs the $224.7 mln consensus. Co issues upside guidance for FY10, sees EPS of $2.65-2.90 vs. $2.59 Thomson Reuters consensus, and up from prior guidance of $2.45-2.70.

8:02AM Arrow Elec beats by $0.16, beats on revs; guides Q2 EPS above consensus, revs above consensus (ARW) 30.50 : Reports Q1 (Mar) earnings of $0.76 per share, $0.16 better than the Thomson Reuters consensus of $0.60; revenues rose 23.9% year/year to $4.24 bln vs the $4.08 bln consensus. Co issues upside guidance for Q2, sees EPS of $0.78-$0.86 vs. $0.66 Thomson Reuters consensus; sees Q2 revs of $4.3-$4.6 bln vs. $4.24 bln Thomson Reuters consensus.

7:06AM Bridgepoint Education beats by $0.15, beats on revs; guides FY10 EPS in-line, revs in-line (BPI) 25.71 : Reports Q1 (Mar) earnings of $0.49 per share, $0.15 better than the Thomson Reuters consensus of $0.34; revenues rose 85.2% year/year to $156.1 mln vs the $143.8 mln consensus. Co issues in-line guidance for FY10, sees EPS of $1.86-1.88 vs. $1.87 Thomson Reuters consensus; sees FY10 revs of $688.2-691.2 mln vs. $690.10 mln Thomson Reuters consensus. Total student enrollment is expected to be between 69,000 and 71,000. Total student enrollment at BPI increased 56.5% to 65,788 students in Q1. New student enrollments for 1Q10 were up 44.6% YoY.

6:13AM Integra beats by $0.06, reports revs in-line; reaffirms FY10 EPS in-line, revs in-line (IART) 45.43 : Reports Q1 (Mar) earnings of $0.63 per share, excluding non-recurring items, $0.06 better than the Thomson Reuters consensus of $0.57; revenues rose 7.3% year/year to $172.7 mln vs the $171.1 mln consensus. Co reaffirms in-line guidance for FY10, sees EPS of $2.60-2.75, excluding non-recurring items, vs. $2.68 Thomson Reuters consensus; sees FY10 revs of $715.0-735.0 mln vs. $726.05 mln Thomson Reuters consensus.

6:11AM NICOR misses by $0.01, beats on revs; reaffirms FY10 EPS guidance (GAS)43.51 : Reports Q1 (Mar) earnings of $1.33 per share, $0.01 worse than the Thomson Reuters consensus of $1.34; revenues rose 7.4% year/year to $1.19 bln vs the $0.93 bln consensus. Co reaffirms guidance for FY10, sees EPS of $3.10-3.30, includes $31.7 mln pre-tax net recovery and may not be comparable to $3.05 Thomson Reuters consensus.

1:48AM Berkshire Hathaway reports 1Q10 results (BRK.B) 77.00 : Co reports 1Q10 operating earnings of $2.22 bln vs 1.71 bln in 1Q09. Co reports 1Q10 operating earnings, including investment and derivative gains/losses, of $3.63 bln vs $(1.53) bln in 1Q09.

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