Earnings - 28th Jan 2008

4:20PM Qualcomm misses by $0.16, beats on revs; guides Q2 revs in-line; guides FY09 revs below consensus (QCOM) 36.82 +1.19 : Reports Q1 (Dec) earnings of $0.31 per share, excluding non-recurring items, $0.16 worse than the First Call consensus of $0.47; revenues rose 3.0% year/year to $2.51 bln vs the $2.42 bln consensus. Co issues in-line guidance for Q2, sees Q2 revs of $2.25-2.45 bln vs. $2.41 bln consensus. Co issuesdownside guidance for FY09, sees FY09 revs of $9.3-9.8 bln vs. $10.25 bln consensus, down from $10.2-10.8 bln previously. "Net income and diluted EPS for the quarter were adversely impacted by other-than-temporary impairments to its marketable securities portfolio... The CDMA inventory channel has contracted as we expected, and the business environment continues to remain uncertain. Reduced visibility in the marketplace makes it difficult to forecast future inventory levels or predict when a recovery will begin. As a result, while we continue to estimate healthy growth in the CDMA-device market, we have lowered our shipment estimate for calendar year 2009."

4:19PM Western Digital beats by $0.24, beats on revs (WDC) 14.40 +0.85 : Reports Q2 (Dec) earnings of $0.55 per share, excluding restructuring charges, $0.24 better than the First Call consensus of $0.31; revenues fell 17.3% year/year to $1.82 bln vs the $1.75 bln consensus. Co says, "Against a backdrop of unprecedented global economic turmoil and a rapid intra-quarter fall off in demand for hard drives, WD acted swiftly to align production and operating expenses with significantly lower-than-originally planned unit volumes... With a strong balance sheet and competitive cost structure, we plan to continue investing in next-generation product platforms and technologies during this downturn. We are focused on maintaining our leadership in technology deployment, ease-of-use features, and availability of the right products for our diversified customer base. We remain enthused about our long-term prospects as a full-line storage supplier in addressing the demands of both the commercial and consumer markets as the digitization of content continues to grow."

4:17PM Airgas beats by $0.01, reports revs in-line; guides Q4 EPS in-line (ARG) : Reports Q3 (Dec) earnings of $0.76 per share, $0.01 better than the First Call consensus of $0.75; revenues rose 7.0% year/year to $1.08 bln vs the $1.08 bln consensus. Co issues in-line guidance for Q4, sees EPS of $0.73-0.76 vs. $0.74 consensus.

4:15PM Lam Research misses by $0.04, beats on revs (LRCX) 23.89 +1.47 : Reports Q2 (Dec) loss of $0.09 per share, $0.04 worse than the First Call consensus of ($0.05); revenues fell 53.6% year/year to $283.4 mln vs the $277.5 mln consensus. "The global semiconductor industry has entered one of the most difficult periods in its history, one that is presenting severe challenges to our customers and thus severely limiting investment in wafer fab equipment."

4:12PM Sepracor beats by $0.36, beats on revs; guides FY09 revs below consensus (SEPR) 13.62 +0.12 : Reports Q4 (Dec) earnings of $0.92 per share, excluding non-recurring items, $0.36 better than the First Call consensus of $0.56; revenues rose 8.7% year/year to $369.7 mln vs the $352.7 mln consensus. Co issues guidance for FY09, sees EPS of $2.10-2.70, may not be comparable to $1.43 consensus; sees FY09 revs of $1.15-1.25 bln vs. $1.37 bln consensus. LUNESTA brand eszopiclone, indicated for the treatment of insomnia, had revenues of $161.9 mln for Q4 of 2008 compared to $149.8 mln for the same quarter in 2007.

4:08PM FormFactor misses by $0.16, beats on revs (FORM) 16.04 +0.97 : Reports Q4 (Dec) loss of $0.61 per share, $0.16 worse than the First Call consensus of ($0.45); revenues fell 66.9% year/year to $39.9 mln vs the $39.1 mln consensus.

4:08PM Symantec beats by $0.10, beats on revs; guides Q4 EPS in-line, revs in-line (SYMC) 14.63 +0.64 : Reports Q3 (Dec) earnings of $0.42 per share, $0.10 better than the First Call consensus of $0.32; revenues rose 0.6% year/year to $1.54 bln vs the $1.48 bln consensus. Co issues in-line guidance for Q4, sees EPS of $0.33-0.35 vs. $0.34 consensus; sees Q4 revs of $1.49-1.54 bln vs. $1.51 bln consensus.

4:07PM Covance beats by $0.02, beats on revs; reaffirms FY09 EPS guidance (CVD) : Reports Q4 (Dec) earnings of $0.72 per share, $0.02 better than the First Call consensus of $0.70; revenues rose 6.7% year/year to $438.6 mln vs the $419.2 mln consensus. Coreaffirms guidance for FY09, sees EPS of $3.00-3.20 vs. $3.07 consensus.

4:05PM Green Mtn Coffee beats by $0.03, beats on revs; guides FY09 EPS above consensus, revs above consensus (GMCR) 39.85 +2.05 : Reports Q1 (Dec) earnings of $0.16 per share, excluding a patent litigation settlement, $0.03 better than the First Call consensus of $0.13; revenues rose 55.9% year/year to $197 mln vs the $189.3 mln consensus. Co issues upside guidance for FY09, sees EPS of $1.25-1.35 vs. $1.25 consensus; sees FY09 revs of $715.0-740.0 mln vs. $699.76 mln consensus. Co says, "Even in a difficult consumer economy, GMCR is driving significant top and bottom line growth with innovative products that have tremendous consumer appeal and are positioned at the intersection of quality and value. Our success is driven by the winning combination of our outstanding coffees and the Keurig Single-Cup Brewing System."

4:03PM Affymetrix reports Q4 (Dec) results, beats on revs (AFFX) 3.93 -0.13 : Reports Q4 (Dec) loss of $4.65 per share, may not be comparable to the First Call consensus of ($0.19); revenues fell 27.0% year/year to $78.6 mln vs the $75.6 mln consensus. Affymetrix shipped 23 GeneChip systems in the fourth quarter of 2008, bringing its cumulative systems shipped to 1,813. "During the fourth quarter, we took action to position Affymetrix for stronger performance going forward, which resulted in consolidation and restructuring charges. At the same time, the continued decline in our market capitalization and other changes in the business climate necessitated a $239.1 million goodwill impairment charge."

4:02PM Open Text beats by $0.07, reports revs in-line (OTEX) 32.90 +1.24 : Reports Q2 (Dec) earnings of $0.64 per share, excluding non-recurring items, $0.07 better than the First Call consensus of $0.57; revenues rose 13.8% year/year to $207.7 mln vs the $206.5 mln consensus.

8:58AM Sybase beats by $0.17, beats on revs; guides Q1 EPS in-line, revs in-line; guides FY09 EPS above consensus, revs below consensus (SY) 25.86 : Reports Q4 (Dec) earnings of $0.78 per share, excluding non-recurring items, $0.17 better than the First Call consensus of $0.61; revenues rose 3.4% year/year to $305.1 mln vs the $300.3 mln consensus. Co issues in-line guidance for Q1, sees EPS of $0.40-0.42 vs. $0.41 consensus; sees Q1 revs of $260-270 bln vs. $268.02 mln consensus. Co issues mixed guidance for FY09, sees EPS of $2.16-2.21, excluding non-recurring items, vs. $2.14 consensus; sees FY09 revs of $1.14 bln vs. $1.16 bln consensus.

8:37AM Tidewater beats by $0.38, reports revs in-line (TDW) 40.09 : Reports Q3 (Dec) earnings of $2.28 per share, $0.38 better than the First Call consensus of $1.90; revenues rose 15.3% year/year to $362.3 mln vs the $358.8 mln consensus.

8:36AM Affiliated Managers beats by $0.09, misses on revs (AMG) 39.40 : Reports Q4 (Dec) cash earnings per share of $1.30, ex-items, $0.09 better than the First Call consensus of $1.21; revenues fell 41.7% year/year to $223.4 mln vs the $239.3 mln consensus. Co states, "Although market volatility has impacted near-term new investment activity, over the medium to long term, our prospects for earnings growth from accretive investments are excellent. Even in the current environment, there continue to be a large number of outstanding boutique firms which are facing ongoing demographically-driven succession issues, as well as a range of opportunistic transactions, including those involving corporate sellers..."

7:36AM Southern Co beats by $0.01, beats on revs (SO) 34.94 : Reports Q4 (Dec) earnings of $0.26 per share, excluding a $0.02 charge for three leveraged leases from the 1990s, $0.01 better than the First Call consensus of $0.25; revenues rose 13.8% year/year to $3.8 bln vs the $3.31 bln consensus.

6:19AM Becton Dickinson beats by $0.11, misses on revs; raises FY09 EPS guidance (BDX) 74.15 : Reports Q1 (Dec) earnings of $1.26 per share, $0.11 better than the First Call consensus of $1.15; revenues rose 1.6% year/year to $1.73 bln vs the $1.77 bln consensus. Co estimates that EPS from continuing operations for FY09 will increase approx 9-11% over diluted EPS from continuing operations of $4.46 for FY08 (First Call consensus FY09 EPS:  $4.88). CEO states that thus far in 2009, there has been strength in Biosciences and Diagnostics segments and strong sales of insulin delivery products.

5:17AM Baker Hughes beats by $0.15, beats on revs (BHI) 32.77 : Reports Q4 (Dec) earnings of $1.41 per share, $0.15 better than the First Call consensus of $1.26; revenues rose 16.3% year/year to $3.19 bln vs the $3.05 bln consensus. Revenue from North America increased 17% and revenue from outside North America increased 12% for the year 2008 compared to the year 2007. CEO Chad C. Deaton comments "... In North America, where the US rig count has already fallen 25% from peak, customers are continuing to reduce their budgets to address an oversupplied gas market. The depth and duration of the cycle remains uncertain, dependent in part on the timing of the recovery of the global economy."

Earnings - 24th July 2008 (2)

8:04AM Terra Industries beats by $0.65, reports revs in-line (TRA) 45.64 : Reports Q2 (Jun) earnings of $1.87 per share, excluding non-recurring items, $0.65 better than the First Call

8:02AM Kennametal beats by $0.01, beats on revs; guides Q1 EPS in-line; guides FY09 EPS in-line, revs in-line (KMT) 33.57 : Reports Q4 (Jun) earnings of $0.85 per share, excluding non-recurring items, $0.01 better than the First Call consensus of $0.84; revenues rose 14.5% year/year to $753 mln vs the $732.4 mln consensus. Co issues in-line guidance for Q1, sees EPS of $0.50-0.55 vs. $0.61 consensus. Co issues in-line guidance for FY09, sees EPS of $3.00-3.15 vs. $3.10 consensus; sees FY09 revs +5-7% or ~$2.84-2.59 vs. $2.83 bln consensus.

7:59AM Laboratory Corp reports EPS in-line, misses on revs; guides FY08 EPS in-line (LH) 71.65 : Reports Q2 (Jun) earnings of $1.24 per share, excluding non-recurring items, in-line with the First Call consensus of $1.24; revenues rose 10.0% year/year to $1.15 bln vs the $1.16 bln consensus. Co issues downside guidance for FY08, sees EPS of $4.54-4.66, compared to previous guidance of $4.74-4.90, vs. $4.82 consensus; co sees rev growth of 10.3-11.3%, which equates to approx $4.49-4.53 bln, compared to previous guidance of 13-14.3%, vs $4.56 bln consensus.

7:48AM Qualcomm guides Q4 EPS and revs below consensus; raises FY08 EPS guidance below consensus, revs in-line (QCOM) 44.82 : Based on the current business outlook, and prior to accounting for the recently announced NOK settlement agreement, they anticipate Q4 EPS of $0.49-0.51 vs $0.54 First Call consensus; revs $2.5-2.7 bln vs $2.71 bln First Call consensus. The co raises FY08 EPS to $2.11-2.13 vs $2.15 First Call consensus, up from $2.04-2.09 previously; sees revs $10.3-10.5 bln vs $10.47 bln First Call consensus, up from $10.0-10.4 bln previously.

7:44AM L-3 Comms beats by $0.04, beats on revs; guides FY08 EPS above consensus, revs in-line (LLL) 95.65 : Reports Q2 (Jun) earnings of $1.67 per share, excluding non-recurring items, $0.04 better than the First Call consensus of $1.63; revenues rose 9.2% year/year to $3.72 bln vs the $3.66 bln consensus. Co issues guidance for FY08, sees EPS of $6.71-6.75, excluding non-recurring items, compared to previous guidance of $6.56-6.70, vs. $6.68 consensus; sees FY08 revs of less than or equal to $14.7 bln, compared to previous guidance of $14.5-14.7 bln, vs. $14.66 bln consensus.

7:41AM MeadWestvaco beats by $0.13, beats on revs (MWV) 24.46 : Reports Q2 (Jun) earnings of $0.32 per share, excluding non-recurring items, $0.13 better than the First Call consensus of $0.19; revenues rose 8.2% year/year to $1.71 bln vs the $1.68 bln consensus. " In the Packaging Resources business, third quarter segment profit is expected to be similar to prior-year results. In the Consumer Solutions business, third quarter segment profit is expected to be similar to prior-year results. In the Consumer & Office Products business, third quarter segment profit is expected to be lower than the prior-year results. In the Specialty Chemicals business, third quarter segment profit is expected to be modestly above prior-year results."

7:38AM Goodrich beats by $0.36, beats on revs; guides FY08 EPS above consensus, revs above consensus (GR) 46.35 : Reports Q2 (Jun) earnings of $1.44 per share, $0.36 better than the First Call consensus of $1.08; revenues rose 17.3% year/year to $1.85 bln vs the $1.8 bln consensus. Co issues upside guidance for FY08, sees EPS of $4.80-4.95 (vs. $4.51 consensus), which is up from the co's previous range of $4.30-4.45; sees FY08 revs of $7.3 bln (vs. $7.24 bln consensus), up from the previous range of $7.2-$7.3 bln.

7:37AM 3M beats by $0.04, reports revs in-line; reaffirms FY08 EPS guidance (MMM) 70.80 : Reports Q2 (Jun) earnings of $1.39 per share, $0.04 better than the First Call consensus of $1.35; revenues rose 9.7% year/year to $6.74 bln vs the $6.69 bln consensus. Co reaffirms guidance for FY08, saying co continues to expect full-year 2008 earnings to increase a minimum of 10% over 2007 earnings per share of $4.98 (equates to a minimum EPS of $5.478 vs. $5.46 consensus, which excludes special items. 3M also expects operating margins of 22.5-23.5% and a tax rate of 31.5-32% for the year. Annual capital expenditures for 2008 are expected to be in the range of $1.3-1.4 bln."

7:36AM Teledyne Tech beats by $0.16, beats on revs; guides Q3 EPS in-line; guides FY08 EPS above consensus (TDY) 55.22 : Reports Q2 (Jun) earnings of $0.89 per share, $0.16 better than the First Call consensus of $0.73; revenues rose 19.6% year/year to $478.8 mln vs the $454.2 mln consensus. Co issues in-line guidance for Q3, sees EPS of $0.77-$0.79 vs. $0.77 consensus. Co issues upside guidance for FY08, sees EPS of $3.20-$3.25 vs. $3.06 consensus, an increase from the prior outlook of $2.98 to $3.06.

7:36AM ITT Educational beats by $0.15, reports revs in-line; guides FY08 EPS above consensus (ESI) 91.29 : Reports Q2 (Jun) earnings of $1.20 per share, $0.15 better than the First Call consensus of $1.05; revenues rose 13.5% year/year to $246.4 mln vs the $245.7 mln consensus. Co issues upside guidance for FY08, sees EPS of $4.65-4.75 vs. $4.47 consensus.

7:35AM Kimberly-Clark reports EPS in-line, revs in-line; guides Q3 EPS in-line; guides FY08 EPS in-line (KMB) 56.69 : Reports Q2 (Jun) earnings of $1.03 per share, excluding non-recurring items, in-line with the First Call consensus of $1.03; revenues rose 11.2% year/year to $5.01 bln vs the $4.99 bln consensus. Co issues in-line guidance for Q3, sees EPS of $0.98-1.03 vs. $1.01 consensus. Co issues in-line guidance for FY08, sees EPS of $4.20-4.30 vs. $4.22 consensus.


7:33AM FLIR Systems beats by $0.01, beats on revs; guides FY08 EPS in-line, revs in-line (FLIR) 42.78 : Reports Q2 (Jun) earnings of $0.29 per share, $0.01 better than the First Call consensus of $0.28; revenues rose 41.6% year/year to $261 mln vs the $251 mln consensus. The backlog of firm orders for delivery within the next twelve months was approximately $572 mln at June 30, 2008."Demand was excellent, particularly in our Government Systems division, and backlog at the end of the quarter was again at a record level. Based on the quarter's results, and the expectations for the remainder of the year, we are increasing our outlook for rev and EPS for the year." Co issues in-line guidance for FY08, sees EPS of $1.18-1.25 vs. $1.22 consensus; sees FY08 revs of $1.05-$1.1 bln vs. $1.09 bln consensus.

7:32AM Arctic Cat beats by $0.16, beats on revs; guides Q2 EPS below consensus, revs below consensus; guides FY09 EPS above consensus, revs in-line (ACAT) 8.12 : Reports Q1 (Jun) loss of $0.39 per share, $0.16 better than the First Call consensus of ($0.55); revenues rose 6.8% year/year to $93.9 mln vs the $88.4 mln consensus. Co issues downside guidance for Q2, sees EPS of 0.60-0.70 vs. $1.04 consensus; sees Q2 revs of 189-199 vs. $225.80 mln consensus. Co issues mixed guidance for FY09, sees EPS of 0.18-0.28 vs. $0.13 consensus; sees FY09 revs of 650-674 vs. $653.36 mln consensus.

7:20AM Cash America beats by $0.06, beats on revs; guides Q3 EPS in-line; guides FY08 EPS in-line (CSH) 43.34 : Reports Q2 (Jun) earnings of $0.67 per share, $0.06 better than the First Call consensus of $0.61; revenues rose 15.9% year/year to $247.9 mln vs the $238.7 mln consensus. Co issues in-line guidance for Q3, sees EPS of $0.62-$0.66 vs. $0.64 consensus. Co issues in-line guidance for FY08, sees EPS of $3.00-$3.20 vs. $3.08 consensus, vs previous guidance of $3.00-$3.20. products. "As the company enters 3Q08, mgmt anticipates that demand for the company's products will continue to remain strong. Mgmt is tempering its expectations, however, due to the possibility that the company may close all or a portion of its cash advance lending locations in the state of Ohio as a result of recently enacted legislation which reduces the fees permitted to be charged to a level that it would not enable the company to offer the cash advance product profitably..."

7:17AM Becton Dickinson beats by $0.08, beats on revs; guides FY08 EPS in-line (BDX) 85.60 : Reports Q3 (Jun) earnings of $1.18 per share, $0.08 better than the First Call consensus of $1.10; revenues rose 14.5% year/year to $1.87 bln vs the $1.79 bln consensus. Co issues raises guidance in-line for FY08, sees EPS up 16% which equates to $4.45 vs. $4.37 consensus, up from previous forcast of 13-14%.

7:12AM Universal Stainless/Alloy beats by $0.02, beats on revs; guides Q3 EPS in-line, revs above consensus (USAP) 36.67 : Reports Q2 (Jun) earnings of $0.77 per share, $0.02 better than the First Call consensus of $0.75. Co issues mixed guidance for Q3, sees EPS of $0.78-0.83 vs. $0.82 consensus; sees Q3 revs of $60-65 mln vs. $59.45 mln consensus."Based on their current inventory levels, we continue to expect service center order entry will begin to pick up in the second half of the year."

7:09AM Old Dominion beats by $0.04, reports revs in-line; reaffirms FY08 EPS guidance (ODFL) 35.29 : Reports Q2 (Jun) earnings of $0.64 per share, $0.04 better than the First Call consensus of $0.60; revenues rose 16.2% year/year to $417.8 mln vs the $417.1 mln consensus. Co reaffirms guidance for FY08, sees EPS of $1.90-1.95 vs. $1.92 consensus. "We continue to be cautious with our guidance for the remainder of 2008 because of the challenging industry conditions that persist."

7:04AM Raytheon beats by $0.07, beats on revs; raises FY08 guidance (RTN) 57.46 : Reports Q2 (Jun) earnings of $1.00 per share, $0.07 better than the First Call consensus of $0.93; revenues rose 11.2% year/year to $5.87 bln vs the $5.63 bln consensus. Co raises guidance for FY08, sees EPS of $3.80-3.95, up from $3.65-3.80 vs. $3.92 consensus; sees FY08 revs of $22.6-23.1 bln, up from $22.4-22.9 bln, vs. $22.93 bln consensus.

7:04AM Snap-On beats by $0.09, beats on revs (SNA) 52.23 : Reports Q2 (Jun) earnings of $1.15 per share, $0.09 better than the First Call consensus of $1.06; revenues rose 7.6% year/year to $766.1 mln vs the $756.8 mln consensus. Snap-on expects that its sales and earnings for the balance of 2008 will continue to exceed 2007 levels.

7:00AM Diamond Offshore beats by $0.22, beats on revs (DO) 116.61 : Reports Q2 (Jun) earnings of $2.99 per share, $0.22 better than the First Call consensus of $2.77; revenues rose 47.1% year/year to $954.4 mln vs the $925.6 mln consensus.

Earnings - 24th July 2008 (1)

6:39AM Medco Health Solutions beats by $0.02, beats on revs; guides FY08 EPS in-line (MHS) 46.86 : Reports Q2 (Jun) earnings of $0.56 per share, $0.02 better than the First Call consensus of $0.54. Co raises their FY08 guidance to $2.30-2.33 (vs. $2.31 consensus), up from $2.27-2.31.

6:36AM Strayer Education beats by $0.03, beats on revs; guides Q3 EPS above consensus (STRA) 205.88 : Reports Q2 (Jun) earnings of $1.50 per share, $0.03 better than the First Call consensus of $1.47; revenues rose 24.1% year/year to $97.9 mln vs the $96.9 mln consensus. Enrollment at Strayer University for the 2008 summer term increased 20% to 34,176 students compared to 28,461 students for the same term in 2007. Across the Strayer University campus and online system, continuing student enrollments increased 21%, while new student enrollments increased 17%. Global online students increased 51%. Students taking 100% of their classes online (including campus based students) increased 23%. The total number of students taking at least one class online increased 22% to 25,166. Co issues upside guidance for Q3, sees EPS of $0.79-0.81 vs. $0.75 consensus.

6:33AM Dow Chemical misses by $0.04, beats on revs (DOW) 34.24 : Reports Q2 (Jun) earnings of $0.81 per share, $0.04 worse than the First Call consensus of $0.85; revenues rose 23.5% year/year to $16.38 bln vs the $14.89 bln consensus.

6:32AM Kinetic Concepts beats by $0.05, beats on revs; guides FY08 revs above consensus (KCI) 41.81 : Reports Q2 (Jun) earnings of $0.98 per share, excluding non-recurring items, $0.05 better than the First Call consensus of $0.93; revenues rose 16.5% year/year to $462.1 mln vs the $447.3 mln consensus. Co issues guidance for FY08, sees GAAP EPS of $2.47-2.57, may not be comparable to $3.79 consensus; sees FY08 revs of $1.917-1.947 bln vs. $1.85 bln consensus.

6:30AM EnCana beats by $0.12, beats on revs (ECA) 72.62 : Reports Q2 (Jun) earnings of $1.96 per share, excluding non-recurring items, $0.12 better than the First Call consensus of $1.84; revenues rose 30.4% year/year to $7.32 bln vs the $5.95 bln consensus. Co raises Y08 cash flow guidance to $10-11 bln. Co raises natural gas production forecast by 70 MMcf/d to 3.85 Bcf/d.


6:22AM Potash beats by $0.21, beats on revs (POT) 200.69 : Reports Q2 (Jun) earnings of $2.82 per share, $0.21 better than the First Call consensus of $2.61; revenues rose 93.7% year/year to $2.62 bln vs the $2.55 bln consensus. Quarterly potash gross margin of $886.4 mln was 240% higher than the $260.4 mln of last year's second quarter and approached FY07's gross margin, reflecting the benefit of rising prices.

6:16AM Newmont Mining beats by $0.04, beats on revs (NEM) 46.95 : Reports Q2 (Jun) earnings of $0.51 per share, excluding non-recurring items, $0.04 better than the First Call consensus of $0.47; revenues rose 19.3% year/year to $1.52 bln vs the $1.46 bln consensus.

6:14AM Air Methods issues downside Q208 EPS guidance (AIRM) 30.69 : Co issues downside guidance for Q2 (Jun), sees EPS of $0.38-0.41 vs. $0.65 First Call consensus. Based on preliminary Q208 results, total community-based patient transports were 11,635. Patients transported for community bases in operation greater than one year (Same-Base Transports) decreased 651 transports or 7%, while weather cancellations for these same bases increased by 459 transports compared with the prior-year quarter. Co also announces that fuel costs per community-based patient transport were 58% higher than during the prior-year quarter. Based on patients transported during the current-year quarter, this increase resulted in approx $1.8 mln in increased fuel costs.

6:08AM RadioShack beats by $0.09, beats on revs (RSH) 14.02 : Reports Q2 (Jun) earnings of $0.35 per share, excluding non-recurring items, $0.09 better than the First Call consensus of $0.26; revenues rose 6.4% year/year to $995 mln vs the $908.5 mln consensus. Co reports Q208 comparable store sales increased 6.9% vs Q207. Co announces $200 mln share repurchase program has been authorized.

6:04AM Starwood Hotels beats by $0.04, beats on revs; guides Q3 EPS below consensus; guides FY08 EPS below consensus (HOT) 39.82 : Reports Q2 (Jun) earnings of $0.56 per share, excluding non-recurring items, $0.04 better than the First Call consensus of $0.52; revenues rose 0.1% year/year to $1.57 bln vs the $1.49 bln consensus. Co issues downside guidance for Q3, sees EPS of $0.52-0.57, excluding non-recurring items, vs. $0.66 consensus. Co issues downside guidance for FY08, sees EPS of $2.17-2.32, excluding non-recurring items, vs. $2.44 consensus.


5:11AM Smith Intl beats by $0.02, beats on revs (SII) 79.68 : Reports Q2 (Jun) earnings of $0.91 per share, $0.02 better than the First Call consensus of $0.89; revenues rose 18.0% year/year to $2.49 bln vs the $2.38 bln consensus.

5:09AM Thermo Fisher beats by $0.02, beats on revs (TMO) 58.78 : Reports Q2 (Jun) earnings of $0.79 per share, excluding non-recurring items, $0.02 better than the First Call consensus of $0.77; revenues rose 13.6% year/year to $2.71 bln vs the $2.62 bln consensus.

3:48AM VASCO Data Security beats by $0.05, beats on revs; reduces FY08 revenue growth percentage guidance (VDSI) 11.48 : Reports Q2 (Jun) earnings of $0.20 per share, $0.05 better than the First Call consensus of $0.15; revenues rose 9.3% year/year to $35.4 mln vs the $34.2 mln consensus. Co projects revenue growth of 15% to 25% for FY08 over FY07, a reduction from its previous guidance of 10 percentage points in each end of the range. Projects gross margins as a percentage of revenue of 60% to 68% for FY08, which is unchanged from previous guidance, and operating margins as a percentage of revenue of 20% to 25% for FY08, which is also unchanged from previous guidance.


2:34AM Suncor Energy beats by $0.17 (SU) 52.90 : Reports Q2 (Jun) earnings of $0.88 per share, excluding non-recurring items, $0.17 better than the First Call consensus of $0.71. The increase in earnings was primarily due to improved price realizations on oil sands products as benchmark crude prices rose to historically high levels, and strong results from natural gas operations. This was partially offset by lower oil sands production, increased operating expenses and purchases in the oil sands business, and reduced margins in the refining and marketing business.

1:25AM Syngenta reports 2H08 results (SYT) 53.67 : Co reports Sales were up 20% at constant exchange rates to $7.3 bln. Crop Protection sales were up 21% at $5.55 bln. Seeds sales increased 15% to $1.74 bln. EPS increased 36% to $16.53. EPS was $15.93 after restructuring and impairment.

1:17AM Petro-Canada increases quarterly dividend 54% to $0.20 (PCZ) 46.13 : The dividend will be payable on October 1, 2008 to shareholders of record at the close of business on September 3, 2008.


1:04AM Range Resources misses by $0.06, beats on revs (RRC) 54.12 : Reports Q2 (Jun) earnings of $0.48 per share, excluding non-recurring items, $0.06 worse than the First Call consensus of $0.54; revenues rose 62.5% year/year to $347.6 mln vs the $316.9 mln consensus.

12:54AM Newfield Expl beats by $0.08, beats on revs (NFX) 52.00 : Reports Q2 (Jun) earnings of $1.06 per share, excluding commodity derivatives loss, $0.08 better than the First Call consensus of $0.98; revenues rose 31.4% year/year to $691 mln vs the $538 mln consensus.

12:40AM First Ind. Rlty beats by $0.02, beats on revs; guides Q3 FFO below consensus; reaffirms upside FY08 FFO (FR) 29.44 : Reports Q2 (Jun) funds from operations of $1.16 per share, $0.02 better than the First Call consensus of $1.14; revenues rose 13.7% year/year to $130.8 mln vs the $101.4 mln consensus. Co issues downside guidance for Q3, sees FFO of $1.08-1.18 vs. $1.21 consensus. Co reafirms upside guidance for FY08, sees FFO of $4.70-5.00 vs. $4.67 consensus.

12:00AM Qualcomm reports EPS in-line, beats on revs (QCOM) 44.82 : Reports Q3 (Jun) earnings of $0.55 per share, excluding the Qualcomm Strategic Initiatives segment, certain estimated share-based compensation, certain tax items related to prior years and acquired in-process research and development expense, in-line with the First Call consensus of $0.55; revenues rose 18.6% year/year to $2.76 bln vs the $2.71 bln consensus.

Earnings - 12th June, 2008

4:50PM Steel Dynamics raises Q2 EPS guidance above consensus (STLD) 36.75 -0.31 : Co raises Q2 EPS guidance to $0.90-0.95 vs $0.89 consensus, up from $0.80-0.90. Co said the increase in expectations is based primarily on stronger than anticipated shipping volume and selling values for flat-rolled steel products and stronger volume and margins in recycling. Co also said, "We continue to experience strong market conditions for our steel and recycled metals businesses. In addition to the improving performance of the Flat Rolled Division and The Techs, our long products divisions continue to perform well, with continued strong order activity and backlogs. Strong shipping volumes and profit margins of our OmniSource Corp subsidiary are expected to continue in the third quarter as well, as both internal and external demand for recycled metals remain strong."

4:34PM Moog announces investment in wind energy business; raises FY08 EPS by $0.01, still below consensus (MOG.A) 40.32 +0.12 : Co announced that it has acquired 40% ownership of privately held LTi REEnergy GmbH of Unna, Germany for 18 mln euro (~$28 mln) from available cash balances. The co expects to acquire the remaining 60% in twelve months subject to conventional conditions of closing. The investment will be accounted for under the equity method and, accordingly, the co will record 40% of the earnings of LTi REEnergy in MOG.A's Industrial Systems segment. As a result of this investment, MOG.A increased its FY08 EPS to $2.72, vs $2.74 consensus, up from $2.71.

4:19PM Capstone Turbine reports Q4 EPS of ($0.07) vs ($0.05) First Call consensus; revs rose 60% YoY to $9.3 mln vs $9.27 mln First Call consensus (CPST) 3.41 +0.05 : Capstone's backlog for the fiscal year ended March 31, 2008 was $27.9 mln, an increase of 458% from the prior fiscal year and 113% from the prior quarter.

4:13PM Smith & Wesson beats by $0.03, beats on revs (SWHC) 5.20 +0.10 : Reports Q4 (Apr) earnings of $0.08 per share, $0.03 better than the First Call consensus of $0.05; revenues were unchanged from the year-ago period at $82.6 mln. Co said, "In January 2008, we suspended providing financial guidance based upon the uncertain business and economic environments that existed at that time. Since then, we have seen several encouraging signs. Those include an increase in the number of background checks conducted at retail over the past several months, as well as feedback from our distributors, indicating that excess handgun inventories have cleared out of the channel. In fact, sales of our handguns into the sporting goods channel grew 12% in Q4 2008 compared with Q4 of FY07. Despite these encouraging signs, distributor feedback also indicates that inventories of hunting rifles and shotguns in the channel remain high. As a result, demand for hunting rifles and shotguns in FY09 remains uncertain. In addition, we have received no indications that the overall economic environment has improved since our suspension of guidance in January or that it will improve as our new fiscal year progresses. Therefore, overall retail demand in fiscal 2009 also remains uncertain. We are optimistic about our opportunities in FY09 and the signs we are seeing. We intend to remain focused on our long-term strategy, and we intend to resume providing financial guidance when trends in our business environment become clearer."

4:02PM Benihana beats by $0.02, reports revs in-line; guides FY09 EPS below consensus, revs below consensus (BNHN) 7.94 +0.36 : Reports Q4 (Mar) earnings of $0.17 per share, $0.02 better than the First Call consensus of $0.15; revenues fell 2.0% year/year to $70.2 mln vs the $70.8 mln consensus. Co issues downside guidance for FY09, sees EPS of $0.60-0.65 vs. $0.82 consensus; sees FY09 revs of $313-318 mln vs. $325.54 mln consensus.

9:09AM Qualcomm raises Q3 guidance; raises Y08 guidance (QCOM) 46.31 : Co issues upside guidance for Q3 (Jun), sees EPS of $0.54-0.55, excluding non-recurring items, compared to previous guidance of $0.50-0.52, vs. $0.52 First Call consensus; sees Q3 (Jun) revs of slightly above high end of previous guidance of $2.5-2.7 bln, vs. $2.61 bln consensus. Co sees Q3 shipments of approx 86 mln Mobile Station Modem chips, compared to previous guidance of 85-88 mln units. Co sees March quarter shpments of approx 107 mln CDMA devices at an average selling price of approx $226 per unit, compared to previous guidance of 105-109 mln devices at $223 per unit. Co raises guidance for FY08 (Sep), sees EPS of $2.09-2.13, excluding non-recurring items, compared to previous guidance of $2.04-2.09, vs. $2.11 consensus. Co is engaged in a dispute with Nokia regarding Nokia's obligation to pay royalties for the use of certain patents, and as a result, QCOM is not recording royalty revs attributable to Nokia's sales after April 9, 2007 until a court awards damages or the dispute is otherwise resolved. Co has excluded from Y08 revs and earnings guidance co's estimate of royalties co believes Nokia is required to report and pay.

12:44AM EnerSys reports Q408 results, beats by $0.04 (ENS) 30.90 : Reports Q4 (Mar) earnings of $0.42 per share, excluding charge for European restructuring plan and fees related to stock offering, $0.04 better than the First Call consensus of $0.38; revenues rose 41% year/year to $581.9 mln vs the $573.79 mln consensus. (Popped)