Earnings - 25th Feb 2009

6:47PM Goodrich Petroleum beats by $0.06, misses on revs (GDP) 25.51 -0.22 : Reports Q4 (Dec) loss of $0.01 per share, $0.06 better than the First Call consensus of ($0.07); revenues rose 35.7% year/year to $44.1 mln vs the $49.9 mln consensus.

5:39PM United Rentals beats by $0.21, reports revs in-line; suspends guidance (URI)4.19 -0.33 : Reports Q4 (Dec) earnings of $0.72 per share, excluding $15.41 in non-recurring charges and $0.44 in gains, $0.21 better than the First Call consensus of $0.51; revenues fell 14.5% year/year to $791 mln vs the $788.2 mln consensus. The co also announced that it will suspend issuing formal guidance due to continued uncertainty in the macro-economy and the impact of the credit environment on the co's customers.

5:35PM California Water misses by $0.04, misses on revs (CWT) 40.88 +0.13 : Reports Q4 (Dec) earnings of $0.35 per share, $0.04 worse than the First Call consensus of $0.39; revenues rose 16.5% year/year to $100.1 mln vs the $101.7 mln consensus.

5:33PM Flowserve beats by $0.14, misses on revs; guides FY09 EPS above consensus (FLS) 46.12 -1.42 : Reports Q4 (Dec) earnings of $2.03 per share, $0.14 better than the First Call consensus of $1.89; revenues rose 5.4% year/year to $1.17 bln vs the $1.26 bln consensus. Co reaffirms upside guidance for FY09, sees EPS of $7.25-8.25, excluding ~$0.50 in non-recurring items, vs. $6.96 consensus.

4:51PM Circor beats by $0.31, beats on revs; guides Q1 EPS in-line, revs below consensus (CIR) 20.74 +0.06 : Reports Q4 (Dec) earnings of $1.12 per share, excluding a pre-tax, non-cash goodwill and intangible impairment charge of $141.3 million recorded as a special charge, $0.31 better than the First Call consensus of $0.81; revenues rose 15.8% year/year to $202 mln vs the $194.9 mln consensus. Co issues mixed guidance for Q1, sees EPS of $0.56-0.68 vs. $0.65 consensus; sees Q1 revs of $170-176 mln vs. $184.45 mln consensus.

4:48PM Tenaris beats by $0.02, beats on revs (TS) 17.96 -0.98 : Reports Q4 (Dec) earnings of $1.01 per share, excluding non-recurring items, $0.02 better than the First Call consensus of $0.99; revenues rose 3.9% year/year to $3.24 bln vs the $3.01 bln consensus. Co says, "We estimate that global apparent demand for OCTG in 2008 rose by around 11% in 2008 compared to 2007. This increase includes a substantial surge in inventories in the US fueled by surging Chinese imports of standard and non heat-treated products. We expect that apparent demand for OCTG will suffer a strong adjustment in 2009, reflecting an expected decline in oil and gas drilling activity and efforts to reduce inventories. Demand for premium and other high-end OCTG products should hold up better than for standard product grades as oil and gas companies maintain their investments in complex projects already underway. Demand for our large-diameter pipes for pipeline projects in South America rose during 2008 as we made deliveries to a number of pipeline projects in Brazil, Argentina and Colombia.However, sales are expected to decline in 2009 as the current order backlog is lower than last year and customers delay the implementation of new projects.Steelmaking raw material costs for our seamless pipe products and steel costs for our welded pipe products rose steeply in the first half of the year but fell even more steeply during the second half of the year as the recessionary environment had an almost immediate impact on global steelmaking activity. Pipe prices, which had risen during the second and third quarter are now declining following the correction in raw material and energy costs."

4:33PM Genco Shipping & Trading misses by $0.01, beats on revs (GNK) 11.66 -1.06 : Reports Q4 (Dec) earnings of $1.55 per share, $0.01 worse than the First Call consensus of $1.56; revenues rose 54.6% year/year to $101.6 mln vs the $100.2 mln consensus. The average daily time charter equivalent, or TCE, rates obtained by the company's fleet increased 13.4% to $35,304 per day for the three months ended December 31, 2008 compared to $31,140 for the three months ended December 31, 2007. "We estimate that one of our vessels will be drydocked in the first quarter of 2009. An additional six vessels will be drydocked in the remainder of 2009."

4:32PM USEC Inc. reports EPS in-line, misses on revs; guides FY09 revs above consensus (USU) 5.28 -0.16 : Reports Q4 (Dec) earnings of $0.16 per share, in-line with the First Call consensus of $0.16; revenues fell 30.0% year/year to $431.9 mln vs the $440.4 mln consensus. Co issues upside guidance for FY09, sees FY09 revs of $2.2-2.25 bln vs. $2.01 bln consensus. 

4:13PM Fluor beats by $0.12, beats on revs; reaffirms FY09 EPS guidance (FLR) 32.95 -2.38 : Reports Q4 (Dec) earnings of $1.04 per share, $0.12 better than the First Call consensus of $0.92; revenues rose 28.9% year/year to $6.07 bln vs the $5.81 bln consensus. Co reaffirms guidance for FY09, sees EPS of $3.90-4.20 vs. $3.76 consensus. The fourth quarter of 2008 benefited from a low tax rate, including a $12 million reduction for the capital loss resulting from the sale of the existing office facilities in the United Kingdom. Increased fourth quarter operating results were primarily due to growth in the Oil & Gas segment. While the company sees evidence of a slowdown in certain new capital investment programs, the impact to Fluor's backlog has been relatively minor.

4:13PM Salesforce.com beats by $0.04, beats on revs; guides Q1 EPS in-line, revs in-line; guides FY10 EPS above consensus, revs in-line (CRM) 28.10 +0.63 : Reports Q4 (Jan) earnings of $0.11 per share, $0.04 better than the First Call consensus of $0.07. Co issues in-line guidance for Q1, sees EPS of $0.10-0.11 vs. $0.10 consensus; sees Q1 revs of $304-305 vs. $305.48 mln consensus. Co issues mixed guidance for FY10, sees EPS of $0.54-0.55 vs. $0.51 consensus; sees FY10 revs of $1.30-1.33 bln vs. $1.33 bln consensus. "Salesforce.com is proud to be the first billion dollar cloud computing company... the company announced it has reached 55,400 customers and surpassed 1.5 million net paying subscribers."

4:08PM Perini beats by $0.03, reports revs in-line; guides FY09 EPS below consensus, revs below consensus (PCR) 16.58 -1.62 : Reports Q4 (Dec) earnings of $0.79 per share, $0.03 better than the First Call consensus of $0.76. Co issues downside guidance for FY09, sees EPS of $2.60-2.80 down from $2.80-3.00 vs. $2.95 consensus; sees FY09 revs of $5.5-6 bln down from $6-6.5 bln vs. $6.16 bln consensus. Co says "We believe that the Stimulus Package will present a number of good opportunities for our Company. We are very well positioned geographically as a financially strong and diversified building and civil infrastructure construction company."

4:06PM NuVasive misses by $0.03, beats on revs; guides Q1 EPS in-line, revs in-line; guides FY09 revs in-line (NUVA) 35.89 -0.35 : Reports Q4 (Dec) earnings of $0.10 per share, $0.03 worse than the First Call consensus of $0.13; revenues rose 59.1% year/year to $74.6 mln vs the $73.2 mln consensus. Co issues in-line guidance for Q1, sees EPS of $0.01-0.03 vs. $0.02 consensus; sees Q1 revs of $75 vs. $75.11 mln consensus. Co issuesguidance for FY09, sees EPS of $0.83-0.85, may not compare to $0.34 consensus; sees FY09 revs of $345-350 vs. $347.77 mln consensus. "The Osteocel and Progentix transactions strongly position us to compete in the $1.5 billion biologics market as we seek to grow the product line to over $100 million in the next few years. Despite uncertain economic conditions, we see 2009 as an opportunity for NuVasive to continue taking market share with the speed and creativity that we have become known for. To that end, we plan to aggressively invest in the growth of our business in 2009, including the initiation of our XLTDR clinical study, increased scientific and marketing investments in our biologics platform, continued international expansion, and the launch of fifteen new products and line extensions. We look forward to capitalizing on current market conditions to accelerate our move into the top tier of global spine companies."

4:02PM ManTech reports EPS in-line, misses on revs; guides Q1 EPS above consensus, revs in-line; guides FY09 EPS in-line, revs in-line (MANT) : Reports Q4 (Dec) earnings of $0.69 per share, in-line with the First Call consensus of $0.69; revenues rose 17.3% year/year to $494.7 mln vs the $505.8 mln consensus. Co sees Q1 EPS of $0.68-0.71 vs. $0.67 consensus; sees Q1 revs of $485-505 mln vs. $493.33 mln consensus. Co issues in-line guidance for FY09, sees EPS of $2.91-3.05 vs. $2.95 consensus; sees FY09 revs of $2.1-2.2 bln vs. $2.12 bln consensus.

8:21AM Dollar Tree beats by $0.02, reports revs in-line; guides Q1 EPS in-line, revs in-line; guides FY10 EPS in-line, revs in-line (DLTR) 36.06 : Reports Q4 (Dec) earnings of $1.15 per share, $0.02 better than the First Call consensus of $1.13; revenues rose 6.8% year/year to $1.39 bln vs the $1.39 bln consensus. Co issues in-line guidance for Q1, sees EPS of $0.49-0.54 vs. $0.52 consensus; sees Q1 revs of $1.13-1.16 bln vs. $1.14 bln consensus. Co issues in-line guidance for FY10, sees EPS of $2.55-2.75 vs. $2.72 consensus; sees FY10 revs of $4.96-5.09 vs. $4.98 bln consensus.

8:07AM Del Monte beats by $0.08, misses on revs; guides FY09 EPS above consensus (DLM) 6.55 : Reports Q3 (Jan) earnings of $0.30 per share, $0.08 better thanthe First Call consensus of $0.22; revenues rose 8.4% year/year to $942.3 mln vs the $956.3 mln consensus. Co issues upside guidance for FY09, sees EPS of $0.64-0.68 vs. $0.59 consensus, up from previous guidance of $0.58-0.62. Co sees FY09 sales up 9-11% vs previous guidance of up 8-10%; we calculate this to be a range of $3.49-3.55 bln vs $3.52 bln consensus.

7:33AM Petrohawk Energy misses by $0.07, beats on revs (HK) 17.50 : Reports Q4 (Dec) loss of $0.04 per share, $0.07 worse than the First Call consensus of $0.03; revenues rose 19.1% year/year to $270.7 mln vs the $225.9 mln consensus.

7:31AM POZEN beats by $0.11, beats on revs (POZN) 5.75 : Reports Q4 (Dec) loss of $0.14 per share, $0.11 better than the First Call consensus of ($0.25); revenues rose 125.6% year/year to $14 mln vs the $10.5 mln consensus.

6:34AM SPX Corp beats by $0.19, misses on revs (SPW) 42.27 : Reports Q4 (Dec) earnings of $2.06 per share, $0.19 better than the First Call consensus of $1.87; revenues rose 17.1% year/year to $1.51 bln vs the $1.53 bln consensus. "However, global economic conditions changed drastically in the final months of the year, and we were not immune to these events. We experienced backlog declines in the fourth quarter, and were required to record an impairment charge to the asset value of one of our businesses. The first quarter of 2009 continues to be difficult for our customers, and we are anticipating that trend will continue throughout the year."

12:10AM Sociedad Quimica y Minera de Chile reports Q408 results (SQM) 29.93 : Co anounces year/year earnings growth of 170% for Q408, reporting quarterly net income of $120.3 mln ($0.46 per ADR) compared to the 2007 figure of $44.6 mln ($0.17 per ADR). Operating income for the fourth quarter reached $150.8 mln, 151% higher than the $60.1 mln recorded for the same period of 2007. Revenues totaled $397.9 mln, an increase of approx 29.9% with respect to Q407, when revenues amounted to $306.2 mln.

12:05AM Ormat Tech beats by $0.01, beats on revs (ORA) 29.42 : Reports Q4 (Dec) earnings of $0.26 per share, $0.01 better than the First Call consensus of $0.25; revenues rose 35.2% year/year to $95.5 mln vs the $84.1 mln consensus. Commenting on the outlook for 2009, CEO Dita Bronicki said, "We expect our 2009 Electricity Segment revenues to be between $280 mln and $290 mln. We also expect an additional $9 mln of revenues from our share of electricity revenue generated by a subsidiary, which is accounted for under the equity method. With regard to our Products Segment, we expect that our 2009 revenues will be between $100 mln and $120 mln." Co expects to pay a dividend of $0.06/share in the next three quarters, compared to $0.05 per quarter in 2008.

Earnings - 11th Aug 2008

6:53PM Zoltek misses by $0.20, misses on revs (ZOLT) 18.28 -2.81 : Reports Q3 (Jun) earnings of $0.07 per share, includes $0.05 debt charge, excluding non-recurring items, $0.20 worse than the First Call consensus of $0.27; revenues rose 11.7% year/year to $45 mln vs the $58.1 mln consensus. Co says, "The decline in sales from Q2 to Q3 was due in part to the reduced shipments against two major wind contracts, the timing of shipments between the periods and lower technical fiber sales. The co's sales goal for FY08 was based upon assumptions which included the successful completion of a new contract from a major wind turbine customer. However, ZOLT experienced a dearth of significant new contracts from customers in the wind energy field over the past year, which the co attributes to concerns among wind turbine producers regarding the availability and pricing of the high-performance carbon fibers used in making the longest and most powerful wind turbine blades. We are working closely with every one of the major wind turbine manufacturers to address their concerns about incorporating carbon fibers in their design and, while we cannot predict the exact timing, we expect to win new contracts leading to resumption of ZOLT's rapid sales growth. All the major wind turbine producers are designing longer blades and at some length, which may be different for each turbine co, carbon fiber reinforcement becomes necessary and economically competitive. The fundamentals of alternative energy generally -- and wind energy in particular -- are strong and growing, and we expect that growth will continue for many years to come. This business is not going away over the next few years. It's only going to get much bigger>"

4:43PM Airmedia beats by $0.01, beats on revs; guides Q3 revs in-line; guides FY08 revs above consensus (AMCN) 11.15 -0.33 : Reports Q2 (Jun) earnings of $0.12 per share, $0.01 better than the First Call consensus of $0.11; revenues rose 250.6% year/year to $29.8 mln vs the $27.7 mln consensus. Co issues in-line guidance for Q3, sees Q3 revs of $31.0-$33.0 mln vs. $31.86 mln consensus. Co issues upside guidance for FY08, sees FY08 revs of $122.4-$126.4 mln vs. $119.38 mln consensus.

4:39PM International Assets Hldg reports Q3 results (IAAC) 36.00 +0.02 : Co reports Q3 EPS of $0.72 vs ($0.46) in 3Q07; revs rose 226% YoY to $30.96 mln - no ests. "GAAP operating revenues for the third quarter and nine months to date were over three times higher than those of the comparable periods last year and net income was $6.8 mln and $25.7 mln for the three months and nine months, compared with losses for the comparable periods last year. Management believes that adjusted marked-to-market (non-GAAP) results are a better reflection of the Company's performance. On a non-GAAP basis, adjusted operating revenues were up 25% and 57% while adjusted pro forma net income was up 1% and 55% for the third quarter and nine months to date, respectively."

4:18PM Capstone Turbine misses by $0.02, misses on revs (CPST) 2.42 -0.24 : Reports Q2 (Jun) loss of ($0.07) per share, $0.02 worse than the First Call consensus of ($0.05); revenues rose 34% year/year to $7.5 mln vs the $9.73 mln consensus. CPST's backlog at the end of Q1 was $42.7 mln, an increase of approx $14.8 mln, or 53%, from the prior quarter and an increase of approx $37.4 mln, or 706%, from the end of the prior year comparable quarter.

4:14PM LDK Solar beats by $0.87, beats on revs; guides Q3 revs above consensus; guides FY08 revs above consensus (LDK) 33.58 +0.09 : Reports Q2 (Jun) earnings of $1.29 per share, $0.87 better than the First Call consensus of $0.42; revenues rose 345.9% year/year to $441.7 mln vs the $282 mln consensus. Co issues upside guidance for Q3, sees Q3 revs of $486-496 mln vs. $307.05 mln consensus with wafer shipments between 210 MW to 220 MW. Co issues upside guidance for FY08, sees FY08 revs of $1.65-1.75 bln vs. $1.16 bln consensus with wafer shipments in the range of 750 MW to 770 MW. Gross profit margin for the second quarter of fiscal 2008 was 25.4% compared with 35.2% in the second quarter of fiscal 2007. Operating profit margin for the second quarter of fiscal 2008 was 22.7% compared with 31.1% in the second quarter of fiscal 2007.

4:12PM Fluor beats by $0.05, beats on revs; guides FY08 EPS above consensus (FLR) 76.18 -0.14 : Reports Q2 (Jun) earnings of $0.87 per share, excluding non-recurring items, $0.05 better than the First Call consensus of $0.82; revenues rose 36.8% year/year to $5.77 bln vs the $5.18 bln consensus. Co issues upside guidance for FY08, sees EPS of $3.39-3.54, excluding non-recurring items, vs. $3.29 consensus.

4:12PM McDermott reports EPS in-line, misses on revs (MDR) 41.64 +0.33 : Reports Q2 (Jun) earnings of $0.77 per share, in-line with the First Call consensus of $0.77; revenues rose 26.4% year/year to $1.79 bln vs the $1.85 bln consensus.

4:12PM Safe Bulkers beats by $0.21, beats on revs (SB) 18.00 -0.30 : Reports Q2 (Jun) earnings of $0.82 per share, $0.21 better than the First Call consensus of $0.61; revenues rose 48.1% year/year to $51.4 mln vs the $49.6 mln consensus. "We have benefited from a balanced chartering policy which provides us with a high level of contracted base cash flow, but at the same time allows us to benefit from a continued strong market. Our most recent period time charter for one of our Panamax vessels that we announced earlier this month, at an average daily rate of $63,000 less 1.25% commissions for a period between 22 and 24 months, with nine months forward delivery, demonstrates our ability to develop direct business with the industry's major charterers..."

4:08PM PDL BioPharma beats by $0.15, beats on revs; (PDLI) 11.57 +0.05 : Reports Q2 (Jun) earnings of $0.35 per share, $0.15 better than the First Call consensus of $0.20; revenues rose 25.6% year/year to $111.9 mln vs the $87.27 mln consensus. In conjunction with this press release, PDL announced that Richard Murray, Ph.D., executive vice president and chief scientific officer, will resign from the company, effective September 5, to pursue personal and then other professional interests.

4:05PM American Science & Engineering misses by $0.23, misses on revs (ASEI) 58.98 +0.38 : Reports Q1 (Jun) earnings of $0.30 per share, $0.23 worse than the First Call consensus of $0.53; revenues fell 11.2% year/year to $39.5 mln vs the $46.5 mln consensus. The Company reported a record $100 million in bookings for the first quarter of fiscal year 2009 versus $43 million in the first quarter of the prior fiscal year. Backlog for the first quarter of fiscal year 2009 increased 53% to a record $160 million as compared to the first quarter of the prior fiscal year.

4:03PM American Oriental beats by $0.01, beats on revs; guides FY08 revs in-line (AOB) 9.33 -0.02 : Reports Q2 (Jun) earnings of $0.18 per share, $0.01 better than the First Call consensus of $0.17; revenues rose 74.0% year/year to $59 mln vs the $52.8 mln consensus. Co issues in-line guidance for FY08, sees FY08 revs of at least $245 mln vs. $246.03 mln consensus.

10:27AM GeoResources reports Q2 EPS of $0.50 vs $0.34 two analyst est, revs rose 240% YoY to $28.2 mln vs $22.6 mln two analyst est (GEOI) 14.52 +0.45 :

9:12AM Targa Resources beats by $0.07 (NGLS) 21.80 : Reports Q2 (Jun) earnings of $0.54 per share, $0.07 better than the First Call consensus of $0.47; revenues rose 45.4% year/year to $630.5 mln.

8:47AM Pepco Hldgs beats by $0.14 (POM) 25.03 : Reports Q2 (Jun) earnings of $0.53 per share, excluding non-recurring items, $0.14 better than the First Call consensus of $0.39.

8:12AM Natural Resource beats by $0.05, beats on revs; guides FY08 EPS above consensus, revs in-line (NRP) 34.61 : Reports Q2 (Jun) earnings of $0.47 per share, $0.05 better than the First Call consensus of $0.42; revenues rose 47.9% year/year to $75.6 mln vs the $69 mln consensus. Co issues upside guidance for FY08, sees EPS of $1.85-1.70 vs. $1.66 consensus; sees FY08 revs of $297-273 mln vs. $280.74 mln consensus. Production increased 2.5 mln tons from 2Q07 to 16.1 mln tons for 2Q08 mainly due to increased production at the Williamson mine in the Illinois Basin, where NRP experienced a full qtr of longwall production from the new mine.

Earnings - 7th Aug 2008 (1)

7:06AM Aecom Tech beats by $0.02, beats on revs; raises Y08 guidance (ACM) 28.82 : Reports Q3 (Jun) earnings of $0.37 per share, $0.02 better than the First Call consensus of $0.35; revenues rose 20.0% year/year to $1.32 bln vs the $1.24 bln consensus. Co raises guidance for FY08, sees EPS of $1.34-1.37, compared to previous guidance of $1.30-1.34, vs. $1.35 consensus.

7:05AM Linn Energy beats by $0.13, beats on revs (LINE) 19.50 : Reports Q2 (Jun) earnings of $0.70 per share, $0.13 better than the First Call consensus of $0.57; revenues rose 45.3% year/year to $255.5 mln vs the $230.1 mln consensus. The co also announced it took advantage of the increase in crude oil prices by locking in these gains in the form of put strike increases. The Company increased the weighted average put strike price from $72.13 to $120.00 per barrel in 2009 and from $70.56 to $110.00 per barrel in 2010 for a total cost of $60.6 mln

7:05AM Sally Beauty beats by $0.03, beats on revs (SBH) 7.62 : Reports Q3 (Jun) earnings of $0.13 per share, excluding non-recurring items, $0.03 better than the First Call consensus of $0.10; revenues rose 6.5% year/year to $676.3 mln vs the $669.2 mln consensus.

7:02AM Western Refining misses by $0.04 (WNR) 7.28 : Reports Q2 (Jun) earnings of $0.24 per share, excluding non-cash charge, $0.04 worse than the First Call consensus of $0.28.

7:01AM King Pharms misses by $0.02, reports revs in-line (KG) 12.25 : Reports Q2 (Jun) earnings of $0.30 per share, excluding non-recurring items, $0.02 worse than the First Call consensus of $0.32; revenues fell 26.9% year/year to $397 mln vs the $397.3 mln consensus.

6:40AM Fluor awarded two Valero hydrocracker projects totaling $1.2 bln (FLR) 76.70 : Co announces it signed contracts with Valero Energy to provide engineering, procurement, construction and construction management services for its Unified Hydrocracker Program projects at its St. Charles, La., and Port Arthur, Texas refineries. The contracts for the HCU Program expansion projects totaling $1.2 billion were booked in the second quarter of 2008.

6:34AM Warner Music Group beats by $0.12, beats on revs (WMG) 8.44 : Reports Q3 (Jun) loss of $0.06 per share, $0.12 better than the First Call consensus of ($0.18); revenues rose 5.5% year/year to $848 mln vs the $769 mln consensus.

6:33AM Carrizo Oil & Gas beats by $0.01, beats on revs (CRZO) 47.14 : Reports Q2 (Jun) earnings of $0.62 per share, excluding non-recurring items, $0.01 better than the First Call consensus of $0.61; revenues rose 97.0% year/year to $64.8 mln vs the $62.1 mln consensus.

6:30AM Urban Outfitters Q2 comp sales increase 13% (URBN) 32.60 : Co reports total co sales increased by 30% over the same period last year to $454.3 mln. Comparable store sales at Anthropologie, Free People and Urban Outfitters rose 7%, 10% and 19%, respectively, for a combined increase of 13%.

6:22AM Kaiser Alum misses by $0.02, misses on revs (KALU) 50.62 : Reports Q2 (Jun) earnings of $1.12 per share, $0.02 worse than the First Call consensus of $1.14; revenues rose 7.4% year/year to $413.5 mln vs the $426.7 mln consensus.

6:11AM Superior Well Services beats by $0.14, beats on revs (SWSI) 28.79 : Reports Q2 (Jun) earnings of $0.41 per share, $0.14 better than the First Call consensus of $0.27; revenues rose 41.2% year/year to $119.7 mln vs the $103 mln consensus.

6:10AM Pioneer Drilling beats by $0.09, beats on revs (PDC) 14.78 : Reports Q2 (Jun) earnings of $0.38 per share, $0.09 better than the First Call consensus of $0.29; revenues rose 34.5% year/year to $152.5 mln vs the $147 mln consensus.

6:06AM MetroPCS reports EPS in-line, revs in-line (PCS) 17.70 : Reports Q2 (Jun) earnings of $0.17 per share, excluding impairment charge, in-line with the First Call consensus of $0.17; revenues rose 23.2% year/year to $678.8 mln vs the $679.1 mln consensus. Co reports quarterly net subscriber additions of approx 184,000. Churn of 4.5% was down 30 bps y/y. For the year ending December 31, 2008, co reaffirms guidance originally provided on November 14, 2007, of net subscriber additions in the range of 1.25 mln to 1.52 mln on a consolidated basis, with 250,000 to 320,000 in the Core Markets and 1.0-1.2 mln in the Expansion Markets, which includes 75,000 to 125,000 in the Auction 66 Markets.

6:00AM Big Lots reports Q2 comparable store sales increase of 2.8% (BIG) 32.07 : Co reports Q2 retail sales for fiscal quarter ended August 2, 2008 increased 1.9% to $1,095.9 mln, compared to $1,075.4 mln for Q207. Comparable store sales for stores increased 2.8% for Q208.

5:16AM Canadian Natrl Res beats by $0.49, beats on revs (CNQ) 75.65 : Reports Q2 (Jun) earnings of $1.78 per share, excluding non-recurring items, $0.49 better than the First Call consensus of $1.29; revenues rose 62.2% year/year to $5.11 bln vs the $2.8 bln consensus.

5:09AM Portland Gen Elec beats by $0.05, beats on revs; guides FY08 EPS above consensus (POR) 23.30 : Reports Q2 (Jun) earnings of $0.63 per share, $0.05 better than the First Call consensus of $0.58; revenues rose 5.7% year/year to $425 mln vs the $419 mln consensus. Co issues upside guidance for FY08, sees EPS of $1.85-1.95 vs. $1.80 consensus.

5:08AM Medifast beats by $0.02, beats on revs (MED) 5.28 : Reports Q2 (Jun) earnings of $0.11 per share, $0.02 better than the First Call consensus of $0.09; revenues rose 25.0% year/year to $27.5 mln vs the $24 mln consensus. Management expects to be able to meet or exceed previously issued guidance for revenue growth for FY08 in the range of 8-10%; and diluted EPS growth in the range of 30-35% for the year ended December 31, 2008.

1:24AM ATP Oil & Gas misses by $0.04, misses on revs (ATPG) 27.71 : Reports Q2 (Jun) earnings of $0.86 per share, excluding non-recurring items, $0.04 worse than the First Call consensus of $0.90; revenues rose 45.1% year/year to $191.8 mln vs the $199.9 mln consensus. Oil and gas production increased 26% to 3.1 MMBoe for Q208.

12:55AM Alon USA Energy misses by $1.01, misses on revs (ALJ) 8.63 : Reports Q2 (Jun) loss of $1.27 per share, excluding non-recurring items, $1.01 worse than the First Call consensus of ($0.26); revenues rose 4.8% year/year to $1.24 bln vs the $1.8 bln consensus.

12:38AM Comp Vale Do Rio beats by $0.07, misses on revs (RIO) 26.68 : Reports Q2 (Jun) earnings of $1.02 per share, $0.07 better than the First Call consensus of $0.95; revenues rose 22.5% year/year to $10.9 bln vs the $12.14 bln consensus.

12:35AM American Railcar Industries misses by $0.08, beats on revs (ARII) 20.77 : Reports Q2 (Jun) earnings of $0.33 per share, excluding non-recurring items, $0.08 worse than the First Call consensus of $0.41; revenues fell 2.2% year/year to $204.5 mln vs the $183 mln consensus.