Earnings- 6th May 2009(1)

4:09PM Cisco Systems beats by $0.05, beats on revs (CSCO) 19.61 -0.02 : Reports Q3 (Apr) earnings of $0.30 per share, excluding non-recurring items, $0.05 better than the First Call consensus of $0.25; revenues fell 16.6% year/year to $8.16 bln vs the $8.07 bln consensus. Cash and cash equivalents and investments were $33.6 billion at the end of the third quarter of fiscal 2009, compared with $26.2 billion at the end of fiscal 2008, and compared with $29.5 billion at the end of the second quarter of fiscal 2009. Co said, "Cisco delivered solid financial performance despite a challenging global economy and period of evolving market dynamics... These results demonstrate our ability to drive operational excellence and manage profitability across varying economic cycles. We will use this period of market transition to align and optimize resources, make strategic investments, move into market adjacencies and enhance relationships with our customers. As we exit the quarter with a compelling financial position and an innovation engine from both a products and business model perspective, we believe we are well-positioned for the eventual economic recovery."

4:09PM EnerNOC beats by $0.09, beats on revs; guides Q2 EPS in-line, revs in-line; guides FY09 EPS above consensus, revs in-line (ENOC) 18.63 -0.27 : Reports Q1 (Mar) loss of $0.63 per share, $0.09 better than the First Call consensus of ($0.72); revenues fell 1.1% year/year to $18.4 mln vs the $18.1 mln consensus. Co issues in-line guidance for Q2, sees EPS of ($0.37)-($0.30) vs. ($0.35) consensus; sees Q2 revs of $38-40 mln vs. $37.59 mln consensus. Co issues mixed guidance for FY09, sees EPS of ($1.04)-($0.93) vs. ($1.12) consensus; sees FY09 revs of $160-172 mln vs. $163.21 mln consensus.

4:04PM Blackboard beats by $0.02, beats on revs; guides Q2 EPS below consensus, revs in-line; guides FY09 EPS below consensus, revs in-line (BBBB) 32.93 -0.10 : Reports Q1 (Mar) earnings of $0.27 per share, $0.02 better than the First Call consensus of $0.25. Co issues mixed guidance for Q2, sees EPS of $0.20-0.26 vs. $0.35 consensus; sees Q2 revs of $87.5-90.5 mln vs. $90.48 mln consensus. Co issues mixed guidance for FY09, sees EPS of $1.21-1.38 vs. $1.44 consensus; sees FY09 revs of $365.5-374.5 mln vs. $368.46 mln consensus.

4:03PM MercadoLibre beats by $0.02, misses on revs (MELI) 28.94 +1.05 : Reports Q1 (Mar) earnings of $0.12 per share, $0.02 better than the First Call consensus of $0.10; revenues rose 12.2% year/year to $32.3 mln vs the $32.9 mln consensus.

4:02PM Andersons beats by $0.33, beats on revs (ANDE) 17.50 -0.14 : Reports Q1 (Mar) earnings of $0.27 per share, $0.33 better than the First Call consensus of ($0.06); revenues fell 2.2% year/year to $697 mln vs the $579.1 mln consensus. "In the past we provided an earnings range with our first quarter release, with updates as deemed necessary. After much consideration, however, we have decided to discontinue our practice of giving earnings guidance at this time. In addition to the impact of the unprecedented pressures facing the overall economy, numerous other factors will have a bearing on our full year outcome: weather patterns during the agricultural planting and growing season within our region, volatility of nutrient and energy prices, timing of railcar sales, and the performance of our equity investments, which include the ethanol production plants and Lansing Trade Group."

8:38AM XTO Energy beats by $0.15, beats on revs (XTO) 37.91 : Reports Q1 (Mar) earnings of $0.92 per share, excluding non-recurring items, $0.15 better than the First Call consensus of $0.77; revenues rose 29.3% year/year to $2.16 bln vs the $2.12 bln consensus. Co said, "Our quarterly results reflect strong old-fashioned performance for XTO Energy.. Our production volumes exceeded expectations, with sequential growth of 3%. The Company's cash flow margins expanded above $6 per Mcfe, as cash costs decreased. We strengthened the balance sheet with debt reduction of about $1.9 billion."

8:20AM US Cellular beats by $0.44, reports revs in-line (USM) 35.03 : Reports Q1 (Mar) earnings of $0.97 per share, $0.44 better than the First Call consensus of $0.53; revenues rose 1.4% year/year to $1.05 bln vs the $1.05 bln consensus. Co said, "We had solid gains in postpay customers, who are the cornerstone of our strategy... These postpay customers make up 95 percent of U.S. Cellular's retail base, and they are buying more of our smart phones and touchscreen phones, and using more of our data services. As a result, we had strong gains in data revenues and increased service revenues despite a loss in roaming revenues resulting from the acquisition of Alltel Corporation by Verizon Wireless. Also, U.S. Cellular has had 14 consecutive quarters of year-over-year ARPU growth. And, we kept churn low--a sign that our customer satisfaction strategy continues to be effective."

8:11AM Lincoln Educational Services beats by $0.16, beats on revs; guides FY09 above consensus (LINC) 14.49 : Reports Q1 (Mar) earnings of $0.22 per share, $0.16 better than the First Call consensus of $0.06; revenues rose 41.2% year/year to $118.6 mln vs the $112.3 mln consensus. Co issues upside guidance for FY09, sees EPS of $1.25-1.30 vs. $0.95 consensus; sees FY09 revs of $505-515 mln vs. $482.04 mln consensus. "The increase in average student population resulted in operating margin increasing to 9.0% of revenue vs 1.5% in 1Q08... We expect this momentum to continue in Q2 as we began the quarter with approximately 4,500 more students on a same school basis than we had on April 1, 2008. The investments we have made in our business are producing strong results, which we expect to continue throughout the year."

8:03AM Parker Drilling beats by $0.03, beats on revs (PKD) 3.24 : Reports Q1 (Mar) earnings of $0.05 per share, ex-items, $0.03 better than the First Call consensus of $0.02; revenues rose 0.3% year/year to $173.9 mln vs the $156.6 mln consensus. Co states, "The industry outlook for 2009 remains subdued, and will continue to impact the near-term prospects for the Company. Nevertheless, I expect our operating performance to improve as the year progresses, as we gain the benefits of a leaner cost structure; our strong technical, operational and safety leadership and our employee commitment to customer service."

8:03AM Blackstone beats by $0.03, misses on revs (BX) 12.16 : Reports Q1 (Mar) loss of $0.07 per share, excluding non-recurring items, $0.03 better than the First Call consensus of ($0.10); revenues fell 31.2% year/year to $47.1 mln vs the $64.3 mln consensus. Management and Advisory Fees were $344.6 mln, up from $320.8 mln in 1Q08 and down from $389.2 mln in 4Q08. Fee earning assets under management were approx flat at $92.2 bln vs $92.9 bln at March 31, 2008 and up from $91.0 bln at Dec 31, 2008.

7:47AM Diana Shipping beats by $0.01, beats on revs (DSX) 17.20 : Reports Q1 (Mar) earnings of $0.47 per share, $0.01 better than the First Call consensus of $0.46; revenues fell 20.5% year/year to $62.7 mln vs the $60.7 mln consensus.  Co says, "In a period of continuing economic uncertainty, Diana Shipping delivered profitable results for the 2009 first quarter by following our time-tested strategies. We have continued to manage our fleet for maximum revenue visibility, we have cultivated relationships with many of the world's leading charterers, and we have maintained a solid balance sheet with a minimal degree of leverage. As a result, we continue to believe that our Company is well-positioned to take advantage of the many opportunities that should arise out of the current turbulence in the dry bulk marketplace. We will continue to employ our strategic discipline, strong financial resources and long-term perspective to create value from such opportunities for the benefit of our shareholders."

7:32AM Transocean beats by $0.24, reports revs in-line (RIG) 72.97 : Reports Q1 (Mar) earnings of $3.75 per share, excluding non-recurring items, $0.24 better than the First Call consensus of $3.51; revenues rose 0.3% year/year to $3.12 bln vs the $3.1 bln consensus. First quarter 2009 results were exclude certain net charges, after tax, totaling $264 million, or $0.82 per diluted share.

7:32AM Almost Family beats by $0.08, beats on revs (AFAM) 26.73 : Reports Q1 (Mar) earnings of $0.68 per share, $0.08 better than the First Call consensus of $0.60; revenues rose 77.4% year/year to $69.2 mln vs the $63 mln consensus. Co says, "We're very pleased to kick 2009 off with such a great start. The strength of our strategic plan continues to be evident in our performance. Our investment in our Senior Advocacy mission which includes improved clinical programs and a commitment to credentialing our care giving staff combined with our investment in the expansion of our marketing staff and efforts have led us to another quarter of double-digit organic admissions growth. We plan to continue our efforts to build on these great results over the balance of the year."

7:27AM Cooper Tire beats by $0.11, beats on revs (CTB) 9.10 : Reports Q1 (Mar) loss of $0.36 per share, $0.11 better than the First Call consensus of ($0.47); revenues rose 18.9% year/year to $679.3 mln vs the $595.7 mln consensus. Co said, "There have been several recent signs of stabilization in tire demand, but the near-term outlook is still pressured by the macroeconomic environment. Raw materials prices are difficult to forecast, but we do not see a return to the extreme price highs of last year. Commodity prices are likely to stabilize during 2009 and then begin to increase as demand for raw materials increases."

7:03AM Quicksilver Resrcs beats by $0.07, reports revs in-line (KWK) 8.86 : Reports Q1 (Mar) earnings of $0.16 per share, excluding non-recurring items, $0.07 better than the First Call consensus of $0.09; revenues rose 18.0% year/year to $185.9 mln vs the $184.4 mln consensus. For Q109, average daily production was approximately 332 mln cubic feet of natural gas equivalent (MMcfe) per day compared to approx 211 MMcfe per day for the same period in 2008, an increase of approx 57%. Total production for Q109 was approx 29.8 bln cubic feet of natural gas equivalent (Bcfe) compared to approximately 19.2 Bcfe for Q108. The 2009 production volumes were comprised of approx 73% natural gas, approx 24% natural gas liquids and approx 3% crude oil and condensate. Increased activities at the co's Lake Arlington and Alliance projects in the northern portion of its Fort Worth Basin acreage resulted in increased production of dry gas. Sales of natural gas, NGLs and crude oil increased approx 16% to $183.6 mln in Q109 as compared to $158.4 mln in the 2008 quarter. The increase reflects a 57% increase in equivalent daily production volumes, primarily due to increased production volumes from the Fort Worth Basin in Texas, that more than offset an approximate 25% decrease in the average realized price per Mcfe.

6:55AM Devon Energy beats by $0.20, beats on revs (DVN) 54.48 : Reports Q1 (Mar) earnings of $0.48 per share, excluding non-recurring items, $0.20 better than the First Call consensus of $0.28; revenues fell 31.8% year/year to $2.03 bln vs the $1.84 bln consensus.

6:52AM Foster Wheeler misses by $0.09, misses on revs (FWLT) 24.04 : Reports Q1 (Mar) earnings of $0.59 per share, excluding non-recurring items, $0.09 worse than the First Call consensus of $0.68; revenues fell 29.6% year/year to $1.26 bln vs the $1.51 bln consensus. Co's backlog decreased to $4.91 bln from $8.95 bln 1Q08. Co says, "In 1Q09, we booked the largest single contract in terms of man-hours in the company's history - for engineering, procurement and construction management of a new oil refinery in India, did not contribute materially to the co's performance in the period. FWLT's net income in 1Q09 was lower than that of the average quarter of 2008 due to a decline in EBITDA in both of our business groups caused by a combination of factors. Non-operating items, mainly unfavorable currency translation in our Global Engineering and Construction Group, amounted to approximately $29 mln relative to the average quarter of 2008. Additionally, the Global E&C Group executed lower volumes of work and experienced unfavorable timing and mix of contracts, and volume-related under-absorption of costs relative to the average quarter of 2008. Our Global Power Group experienced lower volumes of work executed. Finally, our net income for 1Q09 was unfavorably impacted by an effective tax rate that was higher than the average quarter of 2008."

6:35AM Petrohawk Energy reports EPS in-line, beats on revs (HK) 25.16 : Reports Q1 (Mar) earnings of $0.02 per share, excluding non-recurring items, in-line with the First Call consensus of $0.02; revenues rose 22.6% year/year to $263.5 mln vs the $247.4 mln consensus. Petrohawk's production for the first quarter averaged 412 mln cubic feet equivalent per day (Mmcfe/d), a 14% increase over fourth quarter 2008 and a 58% increase over the same period one year ago. Total production for the first quarter was 37.1 bln cubic feet of natural gas equivalent (Bcfe), 93% of which was natural gas. Based on its increased capital budget and the positive performance of its drilling operations year to date, HK is increasing its previously stated guidance for 2009 average daily production to between 435 and 445 Mmcfe/d, a 44% increase over 2008. Second quarter 2009 production is now expected to average between 425 and 435 Mmcfe/d. HK gained $2.28 per Mcf from hedging, bringing realized natural gas prices to $6.64 per Mcf. The co also gained $5.51 per barrel from its hedging program during the quarter, bringing realized oil prices to $43.61 per barrel.

6:03AM Quanta Services beats by $0.01, misses on revs; guides Q2 EPS below consensus, revs below consensus (PWR) 24.06 : Reports Q1 (Mar) earnings of $0.11 per share, excluding non-recurring items, $0.01 better than the First Call consensus of $0.10; revenues fell 12.5% year/year to $738.5 mln vs the $796 mln consensus. Co issuesdownside guidance for Q2, sees EPS of $0.14-0.15 vs. $0.22 consensus; sees Q2 revs of $850-890 mln vs. $970.87 mln consensus.

5:14AM Rex Energy reports Q109 results (REXX) 4.73 : Reports Q1 (Mar) earnings of $0.06 per share, excludes items, $0.13 better than the First Call consensus of ($0.07); revenues increased 5% year/year to $17.18 mln vs the $12.23 mln consensus.

1:51AM Delta Petroleum misses by $0.03, beats on revs (DPTR) 3.13 : Reports Q1 (Mar) loss of $0.25 per share, $0.03 worse than the First Call consensus of ($0.22); revenues fell 57.6% year/year to $27.4 mln vs the $26 mln consensus. For Q109, co reports production of 6.32 bln cubic feet equivalents (Bcfe), an increase of 18% when compared with the Q108. Roger Parker, Chairman and CEO stated, "Delta's financial results for the first quarter continued to reflect depressed commodity prices. However, numerous steps have been taken to reposition the Company for the current industry environment. During the first quarter we laid down our last operating drilling rig on our Piceance Basin properties in order to significantly reduce 2009 drilling capital expenditures. Additional cost control initiatives implemented at the end of the quarter include a more than one-third reduction in personnel and a 20% salary reduction for executive officers, directors and certain members of senior management. Other general and administrative expenses have been reduced and should continue to decline during the balance of the year. Benefits from our cost-cutting efforts should be evident in the Company's second quarter financial results."

Earnings - 6th Aug 2008

4:21PM Emulex beats by $0.01, misses on revs; guides Q1 EPS below consensus, revs below consensus; announces $100 mln share buyback (ELX) 11.96 +0.27 : Reports Q4 (Jun) earnings of $0.22 per share, $0.01 better than the First Call consensus of $0.21. Co issues downside guidance for Q1, sees EPS of $0.18-0.20 vs. $0.22 consensus; sees Q1 revs of $108-111 mln vs. $116.30 mln consensus. "In early August, the Board of Directors approved approximately $40 million of share repurchases in the first quarter of fiscal 2009, which is the remaining amount available under the existing 2006 Share Repurchase Plan. In addition, the Board also authorized a new plan of $100 million of share repurchases."

4:21PM Ntelos Holdings reports Q2 earnings, misses on revs, raises FY08 EBITDA guidance (NTLS) 24.15 -0.12 : Reports Q2 (Jun) earnings of $0.46 per share, including $9.5 mln gain on interest rate swap, may not compare to the First Call consensus of $0.22; revenues rose 5.7% year/year to $131 mln vs the $132.5 mln consensus. The company is increasing its 2008 guidance for consolidated adjusted EBITDA to now be between $224-$228 mln, from the range of $216-$221 mln previously provided.

4:18PM World Fuel Svcs beats by $0.22, beats on revs (INT) 25.15 -0.80 : Reports Q2 (Jun) earnings of $0.71 per share, $0.22 better than the First Call consensus of $0.49; revenues rose 72.7% year/year to $5.65 bln vs the $4.54 bln consensus.

4:16PM Allion Healthcare beats by $0.02, beats on revs, guides Q3 revs above consensus (ALLI) 5.35 -0.16 : Reports Q2 (Jun) earnings of $0.11 per share, $0.02 better than the First Call consensus of $0.09; revenues rose 38.8% year/year to $86.4 mln vs the $82.5 mln consensus. For Q3, co expects revenue of $86-88 mln vs. $83.5 mln consensus; co expects Q3 EPS of $0.10-0.11 vs consensus of $0.10.

4:16PM PharMerica beats by $0.05, reports revs in-line; guides FY08 EPS in-line, revs in-line (PMC) 23.17 -0.62 : Reports Q2 (Jun) earnings of $0.22 per share, $0.05 better than the First Call consensus of $0.17; revenues rose 180.4% year/year to $486.3 mln vs the $483.1 mln consensus. Co issues in-line guidance for FY08, sees EPS of $0.74-0.83 vs. $0.80 consensus; sees FY08 revs of $1.945-1.965 bln vs. $1.95 bln consensus. The fiscal 2008 earnings guidance above does not consider any integration, merger related costs or other charges the Corporation may incur. The integration, merger related costs and other charges are expected to exceed $15.0 million for fiscal year 2008.

4:12PM CDC Corp beats by $0.03, beats on revs (CHINA) 3.05 +0.15 : Reports Q2 (Jun) earnings of $0.04 per share, $0.03 better than the First Call consensus of $0.01; revenues rose 10.2% year/year to $111 mln vs the $103.6 mln consensus. Total revenue for CDC Games during Q2 was $10.8 mln. This represents an increase of 24% from 1Q08, and was the second consecutive quarter of sequential-quarter growth for CDC Games. Co states, "...Our cash balance remains very strong with non-GAAP cash and cash equivalents equal to $233 mln, and we have continued to generate cash from operations. We believe that our stock is undervalued as indicated by our continued commitment to the company's stock buyback program, as well as my personal purchases."

4:11PM Fuel Systems Solutions beats by $0.02, beats on revs; guides FY08 revs below consensus (FSYS) 41.56 -0.63 : Reports Q2 (Jun) earnings of $0.29 per share, including impairment charges, $0.02 better than the First Call consensus of $0.27; revenues rose 49.8% year/year to $98.3 mln vs the $93 mln consensus. Co issues downside guidance for FY08, sees FY08 revs of $350 vs. $354.90 mln consensus. Co increasing its gross profit margin to approximately 27% and operating margin to approximately 12%."

4:10PM EnerNOC beats by $0.03, beats handily on revs; guides FY08 revs in-line (ENOC) 14.14 +0.06 : Reports Q2 (Jun) loss of $0.54 per share, $0.03 better than the First Call consensus of ($0.57); revenues rose 97.1% year/year to $23.7 mln vs the $19.4 mln consensus. Co issues in-line guidance for FY08, sees FY08 revs of $101-107 mln vs. $103.0 mln consensus. Co continues to expect to generate positive cash flow from operations in 2H09 and that 2010 will be its first full year of profitability.

4:09PM California Pizza reports EPS in-line, revs in-line; guides FY08 EPS in-line (CPKI) 14.01 -0.39 : Reports Q2 (Jun) earnings of $0.26 per share as pre-announced on 7/09/2008, in-line with the First Call consensus of $0.26; revenues rose 11.4% year/year to $176.6 mln as pre-announced on 7/09/2008 vs the $176.8 mln consensus. Co raised their guidance for FY08, sees EPS of $0.65-0.70 up from $0.59-0.65 vs. $0.70 consensus.Co sees comparable restaurant sales of negative 1% to 0%, the opening 12 full service restaurants, and the Opening nine international full service franchise restaurants.

4:08PM The Knot misses by $0.02, misses on revs; lowers FY08 rev guidance below consensus (KNOT) 8.84 +0.10 : Reports Q2 (Jun) earnings of $0.07 per share, $0.02 worse than the First Call consensus of $0.09; revenues rose 0.7% year/year to $28.7 mln vs the $31.2 mln consensus. Co lowers guidance for FY08, sees FY08 revs up 9-11%, or roughly $107.6-109.5 mln vs. $111.45 mln consensus. "The second quarter proved to be challenging on a number of fronts. Given the weak economic environment and recent revenue results, we're taking a conservative stance and lowering our guidance for percentage revenue growth for 2008 from mid-teens to 9-11%.... We've made considerable progress toward completing our platform investments and upgrades. We look forward to successfully concluding this investment cycle, and we expect that the changes we're implementing today will support sustained long-term growth and profitability for The Knot in the years to come."

4:08PM Deckers Outdoor beats by $0.15, beats on revs; guides Q3 EPS below consensus, revs in-line; raises FY08 guidance (DECK) 115.16 +3.18 : Reports Q2 (Jun) earnings of $0.39 per share, excluding non-recurring items, $0.15 better than the First Call consensus of $0.24; revenues rose 72.9% year/year to $91.1 mln vs the $78.6 mln consensus. Co issues mixed guidance for Q3, sees EPS growth of 12% (which calc to ~$1.65 vs. $2.00 consensus); sees Q3 revs growth of 34% (which calc to ~$173.37 mln vs. $171.79 mln consensus). Co raises guidance for FY08, sees EPS growth of ~34%, up from 27% (which calc to ~$6.78 vs. $6.50 consensus); sees FY08 revs growth of 43%, up from 31% (which calc to ~$641.97 mln vs. $599.15 mln consensus).

4:07PM Sapient beats by $0.03, beats on revs (SAPE) 7.07 -0.01 : Reports Q2 (Jun) earnings of $0.09 per share, $0.03 better than the First Call consensus of $0.06; revenues rose 27.9% year/year to $170.3 mln vs the $158.4 mln consensus.

7:07PM Providence Service Corp beats by $0.01, reports revs in-line; lowers FY08 EPS below consensus, revs below consensus (PRSC) 11.87 +0.10 : Reports Q2 (Jun) earnings of $0.27 per share, $0.01 better than the First Call consensus of $0.26; revenues rose 177.7% year/year to $173 mln vs the $171.8 mln consensus. Co lowers guidance for FY08, sees EPS of $1.00-1.01 vs. $1.04 consensus, down from $1.45-1.50; lowers FY08 revs to $650 mln vs. $657.03 mln consensus, down from $673 mln. Upside to this guidance could come from delayed new business procurements that could be worth up to approximately $100 million in revenue annually, possible payer rate adjustments, potential increased business and/or retroactive rate increases. However in the current economic environment it is uncertain if any of the above will occur in 2008.

6:23PM Republic Airways beats by $0.10, beats on revs (RJET) 9.29 -0.22 : Reports Q2 (Jun) earnings of $0.64 per share, excluding non-recurring items, $0.10 better than the First Call consensus of $0.54; revenues rose 22.2% year/year to $391.4 mln vs the $368.2 mln consensus.

5:37PM American Intl misses by $1.14 (AIG) 29.09 -0.80 : Reports Q2 (Jun) loss of $0.51 per share, excluding non-recurring items, $1.14 worse than the First Call consensus of $0.63. Included in the second quarter 2008 net loss and adjusted net loss was a pre-tax charge of approximately $5.56 billion ($3.62 billion after tax) for a net unrealized market valuation loss related to the AIG Financial Products Corp. (AIGFP) super senior credit default swap portfolio. In addition, the second quarter of 2008 included a pre-tax net loss of $518 mln ($337 mln after tax) for a credit valuation adjustment on AIGFP's assets and liabilities in accordance with FAS 157 and FAS 159. Co says, The continuation of the weak U.S. housing market and disruption in the credit markets, as well as global equity market volatility, had a substantial adverse effect on AIG's results in the second quarter... Our second quarter results were adversely affected by the severe conditions in the housing and credit markets and a very difficult investment environment. These results do not reflect the earnings power and potential of AIG's businesses and it is clear that we have a lot of work to do to restore AIG's profitability to where it should be. We are conducting a comprehensive review of all AIG's businesses with the objectives of improving results, reducing AIG's risk profile and protecting our capital base. We are examining every business, as well as the assumptions underlying how we do business in the markets where we have a presence. We are considering all options. Our goals are straightforward - to determine the optimal portfolio of businesses for AIG, sharpen our risk management and capital allocation processes, reduce expenses and continue to strengthen our accounting and reporting infrastructure.

5:05PM China Digital TV beats by $0.01, beats on revs; guides Q3 revs below consensus as orders shift into Q4 (STV) 12.30 +0.95 : Reports Q2 (Jun) earnings of $0.20 per share, $0.01 better than the First Call consensus of $0.19; net revenue rose 74.2% year/year to $19.4 mln vs the $18.8 mln consensus. Co issues downside guidance for Q3, sees Q3 net revenue of $15.5-16.5 mln vs. $21.1 mln consensus. Co issues in-line guidance for FY08, sees FY08 revs of $80-83 mln vs. $82.7 mln consensus. Co says that in May, a massive earthquake hit Sichuan province in southwestern China causing certain network operators to focus on recovery efforts and postpone planned network upgrades. Another macro issue affecting Q3 is the 2008 Beijing Olympic Games. The Company has found a great number of operators have decided to wait until after the Games to make any technological changes to their network systems, ensuring that all existing systems are functioning properly during the Olympic Games. These operators will delay placing smart card orders. Both of these one-time events will impact Q3 results. Co expects many of the orders deferred in Q3 will be made up in Q4. Therefore, for the full year 2008, the co maintains the forecast of smart card shipment volume at 11 mln.

5:03PM 51job misses by $0.04, misses on revs; guides Q3 EPS below consensus, revs below consensus (JOBS) 15.12 +0.62 : Reports Q2 (Jun) earnings of $0.10 per share, $0.04 worse than the First Call consensus of $0.14; revenues were $31.9 mln vs the $33.8 mln consensus. Co issues downside guidance for Q3, sees EPS of $0.11-0.14 vs. $0.15 consensus; sees Q3 revs of $29.9-31.3 mln vs. $35.19 mln consensus. "Despite this difficult market environment, we continue to view 2008 as a year of investment and will remain aggressive in executing our strategic initiatives of new product development and brand building. We manage our business for the long term and will not sacrifice future growth for short-term results. We strongly believe these investments will enable us to extend our market leadership position in China and position us for higher growth and profitability when economic conditions improve."

5:01PM Sina beats by $0.03, beats on revs; guides Q3 revs above consensus (SINA) : Reports Q2 (Jun) earnings of $0.43 per share, $0.03 better than the First Call consensus of $0.40; revenues rose 52.7% year/year to $91.3 mln vs the $89.5 mln consensus. Co issues upside guidance for Q3, sees Q3 revs of $100-104 mln vs. $98.30 mln consensus. "... Our online advertising business in China, in particular, continues to be robust, growing 59% year over year, and was a major driving force in allowing us to achieve a net income growth of 74% year over year... 'We expect SINA's advertising momentum to further accelerate in the third quarter, as we are prepared to provide an unprecedented online media coverage of the Beijing Olympic Games.''

5:01PM Medical Staffing misses by $0.02, misses on revs (MRN) 3.14 +0.15 : Reports Q2 (Jun) earnings of $0.03 per share, excluding non-recurring items, $0.02 worse than the First Call consensus of $0.05; revenues rose 52.1% year/year to $143 mln vs the $147.1 mln consensus.

Earnings - 15th July 2008

4:30PM Rambus and Qimonda sign amended patent license agreement (RMBS) 16.73 +0.27 : Co announces it has signed an amendment to its current patent license agreement with Qimonda, a leading manufacturer of memory products. This amendment extends the minimum term of the original patent license agreement, but specifies that in the event Infineon ceases to control or otherwise own a majority of Qimonda shares, certain competitors would not accede to the license upon their acquisition of control of Qimonda or a majority of Qimonda shares. The amendment further provides that any such acquirer would generally not acquire the benefit of a release from Rambus for past damages, including past infringement of RMBS' patent portfolio.

4:27PM CB&I guides FY08 EPS (CBI) 36.39 -1.45 : Co sees FY08 EPS of $0.40-0.60, including a $2.38 charge, may not be comparable to the $2.41 consensus. CBI announces it will recognize a pre-tax charge of approximately $317 million or $2.38 per share in the second quarter for forecasted cost overruns associated with two major L.N.G projects in the UK. Continued poor labor productivity, weather delays, and the need to supplement critical subcontractor areas will adversely impact the schedule and necessitate substantial expenditures well above previous estimates. These additional costs, which will be concentrated in the next three to four months, are required to complete the projects and meet the urgent need for natural gas imports into the UK prior to the upcoming heating season. The project charges will cause CB&I to be out of compliance with its lender agreements. The company believes that based on the strength of its backlog and solid financial condition, it will successfully obtain the necessary amendments.

4:22PM Altera beats by $0.05, beats on revs; guides Q3 revs above consensus (ALTR) 19.21 +0.20 : Reports Q2 (Jun) earnings of $0.32 per share, $0.05 better than the First Call consensus of $0.27; revenues rose 7.1% year/year to $359.9 mln vs the $346.7 mln consensus. Co issues upside guidance for Q3, sees Q3 rev growth flat to down, equates to $349.1-359.9 vs. $350.51 mln consensus. "To date during the third quarter, Altera has repurchased an additional 526,000 shares at a cost of $10.4 mln."

4:20PM Intel beats by $0.03, beats on revs; guides Q3 revs in-line (INTC) 20.71 +0.24 : Reports Q2 (Jun) earnings of $0.28 per share, $0.03 better than the First Call consensus of $0.25; revenues rose 9.4% year/year to $9.5 bln vs the $9.32 bln consensus. Co issues in-line guidance for Q3, sees Q3 revs of $10-$10.6 bln vs. $10.07 bln consensus. INTC reports gross margins 55.4% vs. guidance of 56% +/- couple points. INTC also sees Q3 gross margins 58% +/- couple points; reiterates Y08 gross margins 57% +/- couple points, CapEx $5.0-$5.4 bln. Co states, "As we enter the second half, demand remains strong for our microprocessor and chipset products in all segments and all parts of the globe."

4:06PM CoStar Group beats by $0.04, reports revs in-line; guides Q3 EPS above consensus; guides FY08 EPS above consensus (CSGP) 45.92 +0.47 : Reports Q2 (Jun) earnings of $0.28 per share, $0.04 better than the First Call consensus of $0.24; revenues rose 11.9% year/year to $53.5 mln vs the $53.8 mln consensus. Co issues upside guidance for Q3, sees EPS of $0.28-$0.30 vs. $0.27 consensus. Co issues upside guidance for FY08, sees EPS of $1.10-$1.15 vs. $1.09 consensus. "Our primary focus moving forward will be working toward $100 million of annualized EBITDA for the company by the end of 2010. We believe this goal of doubling our EBITDA is achievable based on our current revenue growth rates and current economic and commercial real estate environments."

4:06PM V.F. Corp beats by $0.05, reports revs in-line; guides FY08 EPS above consensus, revs above consensus (VFC) 70.28 +0.56 : Reports Q2 (Jun) earnings of $0.91 per share, excluding non-recurring items, $0.05 better than the First Call consensus of $0.86; revenues rose 10.6% year/year to $1.68 bln vs the $1.67 bln consensus. Co issues upside guidance for FY08, sees EPS of $6.05 vs. $5.98 consensus; sees FY08 revs of $7.9 bln vs. $7.9 bln consensus.

8:38AM Johnson & Johnson beats by $0.06, beats on revs; guides FY08 EPS in-line - Correction (JNJ) 66.41 : Reports Q2 (Jun) earnings of $1.18 per share, $0.06 better than the First Call consensus of $1.12; revenues rose 8.7% year/year to $16.5 bln vs the $16 bln consensus. Co issues in-line guidance for FY08, sees EPS of $4.45-4.50 vs. $4.45 consensus, and above prior guidance of $4.40-4.45. Worldwide Medical Devices and Diagnostics sales of $6.1 bln for Q2 represented a 12.1% increase over the prior year with operational growth of 5.7% and a positive impact from currency of 6.4%. Domestic sales increased 4.0%, while international sales increased 19.7%. Worldwide Pharmaceutical sales of $6.3 bln for Q2 represented an increase over the prior year of 3.1% with an operational decline of 1.3% and a positive impact from currency of 4.4%. Domestic sales decreased 1.7%, while international sales increased 11.3%

8:32AM EnerNOC announced that it has entered into a five-year contract with the State of Rhode Island (ENOC) 20.74 : Co announced that it has entered into a five-year contract with the State of Rhode Island. The contract will allow EnerNOC to enable and manage demand response capacity from city, town and government-related buildings into the Independent System Operator of New England market, creating a valuable revenue stream for the State both today and in the future as part of ISO-NE's Forward Capacity Market.

8:20AM IKON Office issues upside Q3 EPS guidance; sees Q3 revs in line; issues Y08 upside guidance (IKN) 11.06 : Co issues upside EPS guidance for Q3 (Jun), sees EPS of $0.35-0.37, excluding non-recurring items, compared to previous guidance of $0.29-0.32, vs. $0.30 First Call consensus; issues in line rev guidance for Q3, sees Q3 (Jun) revs of approx $1.05 bln vs. $1.05 bln consensus. Co issues upside guidance for FY08 (Sep), sees EPS of $1.00-1.05, excluding non-recurring items, compared to previous guidance of $0.92-0.98, vs. $0.97 consensus. The improved outlook for Q3 is driven by better than anticipated Customer Service and Supplies revenue and gross margin, and a higher gross margin in Managed and Professional Services. "We are pleased by another quarter of better than expected results. In particular, we are encouraged by our improved operating income margin in the third quarter, which was driven by the $25 million cost and expense reduction plan we announced in January, our new U.S. leadership, and continued strong performance in Europe."

8:10AM US Bancorp reports Q2 (Jun) results, revs in-line (USB) 23.33 : Reports Q2 (Jun) earnings of $0.53 per share, including $0.11 loss from "significant items" related to net securities losses of $63 mln, which primarily reflected impairment charges on structured investment securities, and an incremental provision for credit losses, which exceeded net-charge-offs by $200 mln. The First Call consensus is $0.60. Revenues rose 7.5% year/year to $3.8 bln vs the $3.78 bln consensus. Return on average assets and return on average common equity were 1.58% and 17.9%, respectively, for the second quarter of 2008, compared with returns of 2.09% and 23.0%, respectively, for the second quarter of 2007. "Our capital position remains strong, with the Tier 1 capital ratio at June 30, 2008, on target at 8.5 percent. Although we have capacity in our current authorization, we do not anticipate buybacks between now and the end of the year. We will utilize our strong internal capital generation to support our growth initiatives, and rely on our earnings capacity to sustain our dividend and maintain our well-capitalized position." Provision for credit losses for the second quarter of 2008 was $596 mln, an increase of $111 mln over the first quarter of 2008 and $405 mln over the second quarter of 2007.

8:01AM WW Grainger beats by $0.02, beats on revs; reaffirms FY08 EPS guidance (GWW) 84.21 : Reports Q2 (Jun) earnings of $1.48 per share, excluding non-recurring items, $0.02 better than the First Call consensus of $1.46; revenues rose 9.7% year/year to $1.76 bln vs the $1.73 bln consensus. Co reaffirms guidance for FY08, sees EPS of $5.85-6.15, excluding non-recurring items, vs. $5.88 consensus.

7:42AM Evergreen Solar signs new sales contract with IBC SOLAR of $1.2 bln (ESLR) 9.16 : Co announces it has signed a new long-term sales contract valued at approximately $1.2 bln with German-based IBC SOLAR AG. This contract extends through 2013 and brings the co's total contractual backlog to nearly $3 billion with 5 customers. The solar panels for these take-or-pay contracts will be manufactured at the co's new 160 MW facility in Devens, Massachusetts, which opened in June, and at the co's next factory, which is expected to open in 2010. To date, the co has contracted approximately 70 percent of Devens expected capacity through 2010 and all of Devens capacity in 2011 through 2013. (stock is halted)

7:23AM State Street beats by $0.03, beats on revs; sees Y08 EPS at high end of previous guidance; sees Y08 revs to exceed previous guidance (STT) 55.70 : Reports Q2 (Jun) earnings of $1.39 per share, excluding non-recurring items, $0.03 better than the First Call consensus of $1.36; revenues rose 39.1% year/year to $2.67 bln vs the $2.6 bln consensus. "Our strong results of the quarter, plus the benefit of the $2.8 billion in equity capital that we issued in early June, enhanced the Corporation's solid capital position. Given the strength of the first half of the year, we now expect both growth in operating earnings per share to approach the high end of the 10 to 15 percent range and achievement of operating return on equity to approach the high end of the 14 percent to 17 percent range in 2008. We are also increasing our outlook for growth in revenue, expecting to exceed the high end of the 14 percent to 17 percent range in 2008. We continue to be focused on achieving positive operating leverage on an annual basis."

6:52AM Eaton beats by $0.16, beats on revs; guides Q3 EPS below consensus; guides FY08 EPS in-line (ETN) 79.89 : Reports Q2 (Jun) earnings of $2.10 per share, excluding non-recurring items, $0.16 better than the First Call consensus of $1.94; revenues rose 31.7% year/year to $4.28 bln vs the $4.14 bln consensus. Co issues downside guidance for Q3, sees EPS of $1.90-2.00 vs. $2.05 consensus. Co issues in-line guidance for FY08, sees EPS of $7.70-8.00 vs. $7.85 consensus.

6:22AM Polaris Inds beats by $0.04, beats on revs; guides Q3 in-line; guides FY08 EPS in-line, revs above consensus (PII) 41.50 : Reports Q2 (Jun) earnings of $0.72 per share, $0.04 better than the First Call consensus of $0.68; revenues rose 20.9% year/year to $455.7 mln vs the $405 mln consensus. Co issues in-line guidance for Q3, sees EPS of $1.07-1.11 vs. $1.10 consensus; sees Q3 revenue growth of 2-5% or roughly $554.9-571.2 mln vs. $559.14 mln consensus. Co issues guidance for FY08, sees EPS of $3.40-3.48 vs. $3.41 consensus, prior guidance $3.36-3.45; sees FY08 revenue growth of 9-11% (prior guidance 5-7% growth) or roughly $1.94-1.98 bbn vs. $1.9 bln consensus.