Earnings - 30th April 2009 (2)

8:55AM Marathon Oil misses by $0.04, beats on revs (MRO) : Reports Q1 (Mar) earnings of $0.34 per share, excluding non-recurring items, $0.04 worse than the First Call consensus of $0.38; revenues fell 42.8% year/year to $10.36 bln vs the $8.94 bln consensus. Co said they "also announced the signing of agreements to sell a portion of our Permian Basin production assets for $301 million. Including these most recent agreements, we have announced asset sales with transaction values totaling approximately $1.6 billion since launching our asset review and divestiture program in March 2008. It's anticipated this program will generate $2 to $4 billion on a pretax basis, with additional announcements expected by mid-2009."

8:49AM Apache beats by $0.30, beats on revs; acquires nine oil and gas fields from MRO (APA) 69.83 : Reports Q1 (Mar) earnings of $0.65 per share, $0.30 better than the First Call consensus of $0.35; revenues fell 48.7% year/year to $1.63 bln vs the $1.56 bln consensus. Apache today also announced an agreement to acquire nine Permian Basin oil and gas fields with current production of 3,500 barrels of oil equivalent per day from Marathon Oil for $187.4 mln. Apache produced 548,279 barrels of oil equivalent (boe) per day in the first quarter, up from 518,162 boe per day in Q4 of 2008. Natural gas production rose to 1.6 billion cubic feet (Bcf) per day compared to 1.5 Bcf per day in Q4. Liquid hydrocarbon production increased to 277,547 barrels per day from 261,609 barrels per day in Q4. Apache's equivalent production declined 2 percent from the first quarter of 2008, which was before production was curtailed by a pipeline explosion at the Varanus Island hub in Australia and two Gulf of Mexico hurricanes.

8:47AM Helmerich & Payne misses by $0.06, beats on revs (HP) 33.58 : Reports Q2 (Mar) earnings of $0.97 per share, ex-item, $0.06 worse than the First Call consensus of $1.03; revenues rose 9.9% year/year to $520.3 mln vs the $501.8 mln consensus. Co states, "It is clear now that the energy industry is suffering the worst cyclical downturn since 1981. The rig count has fallen by more than half in response to dramatic customer spending reductions. The Company entered the downturn with the highest percentage of contractual protection in our history. We are well positioned to navigate the challenging market environment that has caught most of us by surprise. Conditions may continue to worsen until more visibility emerges regarding commodity price fundamentals. Customers will return to the drill bit once improving prices encourage them to do so. At that time, our brand leadership, asset quality and organizational strength will continue to offer customers distinctive performance and service."

8:37AM Corinthian Colleges beats by $0.06, beats on revs; guides JunQ above consensus (COCO) 15.83 : Reports Q3 (Mar) earnings of $0.29 per share, $0.06 better than the First Call consensus of $0.23; revenues rose 23.8% year/year to $346.4 mln vs the $333.2 mln consensus. Co issues upside guidance for Q4 (Jun), sees EPS of $0.23-0.25 vs. $0.21 consensus; sees Q4 revs of $341-346 mln vs. $324.4 mln consensus. Total student population at March 31 was 84,722 up 17.8% yr/yr.

8:27AM Covidien correction: Beats by $0.22, ex items (COV) 33.95 : Earlier we incorrectly reported that COV has missed consensus. We have deleted the original comment. Reports Q2 (Mar) adjusted earnings of $1.07 per share, excluding non-recurring items, $0.22 better than the First Call consensus of $0.85; revenues rose 11.3% year/year to $2.7 bln vs the $2.65 bln consensus. Second-quarter gross margin of 56.2% was up 3.8% from the prior-year period. Q2 adjusted gross margin, excluding Oxy ER, was 51.8% versus 52.4% last year. The decline was largely due to unfavorable foreign exchange. With the sales of Oxy ER completed, guidance now excludes Oxy ER. Covidien estimates that total co operational growth will be in the range of 4% to 7% for 2009. Total Covidien net sales are now expected to be down 3% to flat. The co expects no change to its previously communicated sales growth rates for Medical Devices (-3% to flat vs 2008) or Medical Supplies (up 2% to 5% vs 2008). Sales of Imaging Solutions are now anticipated to be -9% to -6% below 2008, while sales of Pharmaceutical Products are expected to be up 5% to 8% versus 2008. The operating margin is projected to be in the 19% to 20% range.

8:06AM Exxon Mobil misses by $0.03, beats on revs (XOM) 68.44 : Reports Q1 (Mar) earnings of $0.92 per share, $0.03 worse than the First Call consensus of $0.95; revenues fell 45.2% year/year to $64.03 bln vs the $54.03 bln consensus. Upstream earnings were $3,503 million, down $5,282 million from the first quarter of 2008. Lower crude oil realizations reduced earnings approximately $4.4 billion while lower natural gas prices decreased earnings about $500 million. Higher operating expenses reduced earnings about $300 million. During the first quarter of 2009, Exxon Mobil Corporation purchased 107 million shares of its common stock for the treasury at a gross cost of $7.9 billion. These purchases included $7.0 billion to reduce the number of shares outstanding, with the balance used to offset shares issued in conjunction with the company's benefit plans and programs.

8:01AM Art Technology beats by $0.02, beats on revs (ARTG) 3.11 : Reports Q1 (Mar) earnings of $0.05 per share, $0.02 better than the First Call consensus of $0.03; revenues rose 14.8% year/year to $41.9 mln vs the $40.7 mln consensus.

7:40AM Pride Intl beats by $0.01, misses on revs (PDE) 23.84 : Reports Q1 (Mar) earnings of $0.87 per share, excluding non-recurring items, $0.01 better than the First Call consensus of $0.86; revenues rose 1.7% year/year to $549.3 mln vs the $555.4 mln consensus. Co said, "We are encouraged by the improvement in crude oil prices since the February 2009 lows and believe we are now experiencing a more sustainable trading range with growing expectations for long-term strengthening. At the same time, instability in the capital markets along with its impact on general economic conditions and energy demand continue to present uncertainty. We remain confident in the long-term fundamental strength of the offshore drilling industry, especially in the deepwater segment where geologic success rates, the application of new technologies and emerging deepwater frontiers are supporting a strong long-term growth outlook".

7:40AM Noble Energy beats by $0.15, misses on revs (NBL) 60.27 : Reports Q1 (Mar) earnings of $0.59 per share, excluding non-recurring items, $0.15 better than the First Call consensus of $0.44; revenues fell 57.0% year/year to $441 mln vs the $598.2 mln consensus. Noble Energy continues to constrain investments in U.S. natural gas developments. As a result, total capital expenditures for the year are being managed at approximately $1.4 billion, which represents the lower end of the Company's original capital guidance. Second quarter 2009 volumes are now expected to range from 204 to 212 MBoe/d. The adjusted guidance assumes lower volumes in the North Sea and Israel, as well as in the deepwater Gulf of Mexico related to further hurricane delays impacting Ticonderoga. Other updated guidance metrics include the following:

7:37AM Spirit Aerosystems beats by $0.05, beats on revs; guides FY09 EPS in-line, revs above consensus (SPR) 12.22 : Reports Q1 (Mar) earnings of $0.45 per share, $0.05 better than the First Call consensus of $0.40; revenues fell 14.4% year/year to $887 mln vs the $859.5 mln consensus. Co issues mixed guidance for FY09, sees EPS of $2.15-2.35 vs. $2.16 consensus; sees FY09 revs of $4.25-4.35 bln vs. $4.19 bln consensus. During the first quarter of 2009, Spirit gradually returned to full-rate production following a Machinists' strike at The Boeing Company. Spirit continued to utilize a reduced work week schedule early in the first quarter and returned to full work weeks as the quarter progressed. As a result, first quarter 2009 ship set deliveries to Boeing were 30 units below pre-strike delivery levels, resulting in a revenue reduction of $256 million and a reduction in earnings per share of $0.18.

7:32AM Dominion beats by $0.09, beats on revs; guides Q2 EPS above consensus; reaffirms FY09 EPS guidance (D) 29.61 : Reports Q1 (Mar) earnings of $0.97 per share,$0.09 better than the First Call consensus of $0.88; revenues rose 9.8% year/year to $4.78 bln vs the $4.12 bln consensus. Co issues upside guidance for Q2, sees EPS of $0.61-0.66 vs. $0.59 consensus. Co reaffirms guidance for FY09, sees EPS of $3.20-3.30 vs. $3.21 consensus... For Q1, drivers that compared favorably to guidance include higher contributions from the producer services business; favorable weather in the electric service territory; and lower interest expense. Factors that compared negatively to guidance include storm damage and service restoration charges in the regulated electric business and a higher effective income tax rate... For Q2, drivers expected to compare favorably to 2008 include higher contributions from the merchant generation, producer services and gas transmission businesses. Expected offsets include lower contributions from the regulated electric generation business, including a return to normal weather, a heavier-than-normal planned outage schedule and reduced financial transmission rights (FTR) and wholesale margins; and higher interest expense.

7:32AM Celgene beats by $0.01, reports revs in-line; reaffirms FY09 EPS guidance, revs guidance (CELG) 42.40 : Reports Q1 (Mar) earnings of $0.44 per share, excluding non-recurring items, $0.01 better than the First Call consensus of $0.43; revenues rose 29.9% year/year to $601.1 mln vs the $602.1 mln consensus. Co reaffirms guidance for FY09, sees EPS of $2.05-2.15 vs. $2.05 consensus; sees FY09 revs of $2.6-2.7 bln vs. $2.64 bln consensus.

7:32AM Cummins beats by $0.03, misses on revs, issues 2009 guidance (CMI) 33.49 : Reports Q1 (Mar) earnings of $0.26 per share, $0.03 better than the First Call consensus of $0.23; revenues fell 29.7% year/year to $2.44 bln vs the $2.65 bln consensus. Based on the first quarter results and company forecasts for the remainder of the year, Cummins today revised its sales and earnings guidance downward for 2009. The company now expects 2009 sales to be slightly more than 30% lower than 2008 and anticipates EBIT of 5% of sales for the year, excluding the restructuring charge.

7:29AM Lancaster Colony beats by $0.07, misses on revs (LANC) 44.29 : Reports Q3 (Mar) earnings of $0.56 per share, excluding non-recurring items, $0.07 better than the First Call consensus of $0.49; revenues rose 6.5% year/year to $246 mln vs the $250 mln consensus. Co said, "In our food group, future trends in consumer demand remain uncertain but we expect to see continuing benefits from lower material costs and current retail pricing. The later Easter this year may also add modestly to fourth quarter sales volumes. While candle sales may also increase in the coming months, our candle operations typically experience a seasonally slow period in our fourth quarter."

7:23AM GrafTech Intl beats by $0.03, misses on revs (GTI) 8.56 : Reports Q1 (Mar) earnings of $0.04 per share, excluding non-recurring items, $0.03 better than the First Call consensus of $0.01; revenues fell 53.8% year/year to $134 mln vs the $153.3 mln consensus. Co says, "The majority of our customer base has very limited or no visibility to Q3 and Q4 of 09 operating rates. Given current global economic conditions, which continue to be extremely volatile and uncertain, our ability to project full year guidance is very limited. We continue to expect '09 to be very challenging for both of our business segments. Q1 results came in better than expected and we generated a small profit. We believe second quarter results will be similar to those in Q1; however, a second quarter loss is possible given the variability in customer demand. Historically, the third quarter is a weaker quarter as many of our European customers schedule plant shutdowns during the summer months. Given current economic conditions, it is possible that these planned production shutdowns could be extended, adversely impacting demand for our products in 3Q09. While a high degree of uncertainty around forward looking projections remains, we expect a marginal improvement in the second half of the year results as customers should have largely completed inventory destocking initiatives. In addition, the anticipated benefit of higher graphite electrode selling prices should be realized, offset in part by higher raw material costs."

7:19AM Watson Pharm beats by $0.09, beats on revs; guides FY09 EPS above consensus, revs in-line (WPI) 31.14 : Reports Q1 (Mar) earnings of $0.58 per share, ex-items, $0.09 better than the First Call consensus of $0.49; revenues rose 6.5% year/year to $667.4 mln vs the $638 mln consensus. Co issues mixed guidance for FY09, sees adjusted EPS of $2.40-$2.52 vs. $2.27 consensus; sees FY09 revs of $2.65 bln vs. $2.68 bln consensus. Co states, "Based on our first quarter results and our view for the remainder of the year, we are raising our outlook for 2009, a clear signal that we remain confident in the growth prospects of each of our divisions, and are optimistic that execution on our business plans will continue to generate increasing value for shareholders."

7:17AM Neutral Tandem beats by $0.04, beats on revs; guides FY09 revs above consensus (TNDM) 26.09 : Reports Q1 (Mar) earnings of $0.27 per share, $0.04 better than the First Call consensus of $0.23; revenues rose 45.8% year/year to $38.2 mln vs the $36.4 mln consensus. Co issues upside guidance for FY09, sees FY09 revs of $158-165 mln vs. $157.9 mln consensus. The increase in Q1 revenue was primarily related to an increase in the number of minutes carried over its network and expansion into additional geographical markets. Billed minutes increased 52.7% yr/yr to 19.7 bln minutes.

7:13AM Cardinal Health beats by $0.02, beats on revs; guides FY09 EPS in-line (CAH)34.49 : Reports Q3 (Mar) earnings of $0.97 per share, $0.02 better than the First Call consensus of $0.95; revenues rose 8.9% year/year to $24.94 bln vs the $24.01 bln consensus. Co issues in-line guidance for FY09, sees EPS of $3.50-3.60 vs. $3.53 consensus. The year-over-year earnings decline was primarily driven by a deferral in hospital capital spending affecting the company's Clinical and Medical Products segment, an additional reserve associated with the costs to remediate certain models of the company's Alaris infusion pump products, the negative impact on sales from a hold on shipping certain Alaris products and the negative effect of foreign exchange rates. The earnings decline was partially offset by a lower tax rate, due to a tax refund claim filed during the quarter.

7:12AM NRG Energy beats by $0.25, beats on revs (NRG) 17.18 : Reports Q1 (Mar) earnings of $0.70 per share, $0.25 better than the First Call consensus of $0.45; revenues rose 27.3% year/year to $1.66 bln vs the $1.18 bln consensus. The increase in income from continuing operations was driven by $271 mln in unrealized mark-to-market gains in the current quarter compared with $160 mln in unrealized MtM losses in 1Q08. "While the current business environment remains challenging, NRG's core business model--based on extensive baseload hedging, a cash-efficient first lien collateralization program and a diversified group of suppliers and trading counterparties--remains robust, enabling NRG to reaffirm its 2009 adjusted EBITDA guidance, with the exception of adjusting for the pending MIBRAG sale. Adjusted EBITDA guidance is now set at $2,175 mln and cash flow from operations at $1,475 mln. Free cash flow guidance after capital expenditures and net portfolio investments in repowering projects is expected to decrease by $36 mln, primarily due to initiating the construction of the Langford project."

7:10AM Capella Education beats by $0.04, reports revs in-line (CPLA) 53.52 : Reports Q1 (Mar) earnings of $0.49 per share, $0.04 better than the First Call consensus of $0.45; revenues rose 17.0% year/year to $76.4 mln vs the $76.5 mln consensus. For Q2, enrollment is expected to grow by 20.5% to 21.5% and revs by 19% to 20% YoY (which calculates to roughly $78.5-$79.2 mln vs $76.5 mln consensus). The operating margin is anticipated to be approximately 15% to 16% of total revenue for the second quarter of 2009.

Earnings - 31st July 2008 (3)

9:07AM Pantry beats by $0.19, reports revs in-line (PTRY) 13.98 : Reports Q3 (Jun) earnings of $0.48 per share, $0.19 better than the First Call consensus of $0.29; revenues rose 20.1% year/year to $2.47 bln vs the $2.45 bln consensus. The Company is also updating its fiscal 2008 guidance ranges. Merchandise revenues are now expected to be between $1.62 bln and $1.65 bln, while retail gasoline sales are expected to be approximately 2.1 bln gallons. The merchandise gross margin is expected to be between 36.8% and 37.0%, with a retail gasoline gross margin between 10 and 12 cents per gallon. The Company now expects that fiscal 2008 store operating and general and administrative expenses will be between $605 mln and $610 mln, down from its previous guidance of between $615 mln and $630 mln.

8:49AM Apache beats by $0.19, beats on revs (APA) 116.56 : Reports Q2 (Jun) earnings of $4.28 per share, $0.19 better than the First Call consensus of $4.09; revenues rose 57.8% year/year to $3.9 bln vs the $3.82 bln consensus. During Q2, Apache received an average of $110.32 per barrel of oil, up 72% from the prior-year period, and $8.09 per thousand cubic feet (Mcf) of gas, up 47%

8:48AM KC Southern beats by $0.12, beats on revs (KSU) : Reports Q2 (Jun) earnings of $0.56 per share, $0.12 better than the First Call consensus of $0.44; revenues rose 13.8% year/year to $486.2 mln vs the $465.6 mln consensus. The revenue growth was attributable to a continued strong pricing environment, significant growth in certain business units and an increase in fuel surcharges.

8:32AM Borg Warner beats by $0.03, reports revs in-line; guides FY08 EPS in-line, revs below consensus (BWA) 40.41 : Reports Q2 (Jun) earnings of $0.78 per share, excluding non-recurring items, $0.03 better than the First Call consensus of $0.75; revenues rose 11.2% year/year to $1.52 bln vs the $1.52 bln consensus. Co issues mixed guidance for FY08, sees EPS of $2.80-2.95, excluding non-recurring items, vs. $2.87 consensus; sees FY08 revs of $5.754-5.861 vs. $5.98 bln consensus.

8:22AM Marathon Oil misses by $0.43, misses on revs (MRO) 45.13 : Reports Q2 (Jun) earnings of $1.08 per share, excluding special items, $0.43 worse than the First Call consensus of $1.51; revenues rose 31.6% year/year to $22.23 bln vs the $23.63 bln consensus. Crude oil refined during the second quarter of 2008 averaged 1,023,000 bpd, a 49,000 bpd decrease from the second quarter of 2007, and total refinery throughputs were 1,203,000 bpd, 6 percent lower than the 1,280,000 bpd in the second quarter of 2007.

8:17AM Goodyear Tire beats by $0.07, reports revs in-line (GT) 19.56 : Reports Q2 (Jun) earnings of $0.67 per share, excluding non-recurring items, $0.07 better than the First Call consensus of $0.60; revenues rose 6.5% year/year to $5.24 bln vs the $5.26 bln consensus.

8:15AM Exxon Mobil misses by $0.25 (XOM) 84.38 : Reports Q2 (Jun) earnings of $2.27 per share, excluding non-recurring items, $0.25 worse than the First Call consensus of $2.52; revenues rose 40.4% year/year to $138.07 bln. Record crude oil and natural gas realizations were partly offset by lower refining and chemical margins, lower production volumes and higher operating costs. ExxonMobil increased investments across all business lines to help meet global demand for crude oil, natural gas and finished products. Capital and exploration project spending increased to $7.0 billion in the second quarter, up 38% from last year. For the first half of 2008, spending on capital and exploration projects was $12.5 billion. On an oil-equivalent basis, production decreased 8% from the second quarter of 2007. During the second quarter of 2008, Exxon Mobil Corporation purchased 98 million shares of its common stock for the treasury at a gross cost of $8.8 billion.

8:11AM CryoLife beats by $0.04, beats on revs; issues segment guidance (CRY) 12.98 : Reports Q2 (Jun) earnings of $0.14 per share, $0.04 better than the First Call consensus of $0.10; revenues rose 18.3% year/year to $27.2 mln vs the $25.8 mln consensus. Tissue processing gross margins in 2Q08 were 46% compared to 40% in 2Q07. Guidance: The co now expects product and tissue processing revs for FY08 to be in the middle to upper end of its previously announced range of revs guidance, which is between $102.0-107.0 mln. Other revs for 2008 may reach between $700,000-900,000, primarily related to funding received from the Department of Defense in connection with the development of BioFoam. The co expects tissue processing revenues to be between $53.0-56.0 mln and BioGlue revenues to be between $47.0-49.0 mln for the FY08. Other implantable medical device revenues are expected to be approximately $2.0 mln in 2008, which includes an estimated $1.0 mln in revs from the distribution of Hemostase MPH. The co expects general, administrative, and marketing expenses of between $49.0-51.0 mln, and R&D expenses of between $6.0-8.0 mln for FY08.

8:08AM MasterCard beats by $0.09, beats on revs (MA) 270.73 : Reports Q2 (Jun) earnings of $2.11 per share, excluding non-recurring items, $0.09 better than the First Call consensus of $2.02; revenues rose 25.0% year/year to $1.25 bln vs the $1.21 bln consensus. Q2 gross dollar volume increased 12.8% y/y to $655 bln, compares to a 14.1% y/y increase in Q1; purchase volume increased 14.0% y/y to $493 bln, compares to a 15.0% y/y increase in Q1. Pricing changes contributed ~5 percentage points to the net revenue growth. During 2Q08, the company repurchased ~1.3 mln shares of Class A common stock at a cost of $355 mln, completing its aggregate authorized share repurchase program of $1.25 bln.

8:07AM Kellogg beats by $0.01, beats on revs; guides FY08 EPS in-line (K) 54.15 : Reports Q2 (Jun) earnings of $0.82 per share, $0.01 better than the First Call consensus of $0.81; revenues rose 10.9% year/year to $3.34 bln vs the $3.27 bln consensus. Co issues in-line guidance for FY08, sees EPS of $2.95-3.00 vs. $3.00 consensus. The Company still expects that internal sales and operating profit will increase at a mid single-digit rate for the full year. Co said, "Our first half performance provides further evidence of the strength of our business model and strategy... Despite significant inflation headwinds, we capitalized on our momentum to further increase our investment in future growth. We increased our earnings guidance and acquired two businesses in emerging markets within the first half of the year, and we continue to utilize our strong cash flow to return profits to our shareholders through dividends and share repurchases."

8:05AM Olympic Steel beats by $0.76, beats on revs, announces special $1 per share dividend (ZEUS) 59.28 : Reports Q2 (Jun) earnings of $2.70 per share, $0.76 better than the First Call consensus of $1.94; revenues rose 31.0% year/year to $363.5 mln vs the $334.7 mln consensus. Co also approves a special non-recurring dividend of $1.00 per share as well as an increase of $0.01 per share on its regular quarterly dividend to $0.05 per share. Co says it is pleased that it is gaining market share as the co is moving closer to its customers both in business alignment and physical presence. Given the uncertainty surrounding the general economic environment, co says its outlook remains favorable, yet cautious. Co believes it is appropriately positioned in terms of inventory, value-add processing capabilities, and liquidity to continue performing well through the seasonally slower Q3.

8:05AM Brinks beats by $0.27, beats on revs (BCO) 64.33 : Reports Q2 (Jun) earnings of $1.04 per share, $0.27 better than the First Call consensus of $0.77; revenues rose 19.6% year/year to $932 mln vs the $875.7 mln consensus. "Brink's Home Security once again achieved solid growth in revenue, operating profit, monthly recurring revenue and subscribers. Despite the weak housing market, we continue to expect BHS to deliver 10% or better annual growth in revenue and operating profit while growing the subscriber base in the high single-digit percentage range. We remain on track and expect to complete the spin-off of BHS in the fourth quarter of this year."

8:05AM Greenhill beats by $0.36, beats on revs (GHL) 63.99 : Reports Q2 (Jun) earnings of $1.04 per share, $0.36 better than the First Call consensus of $0.68; revenues fell 22.7% year/year to $108.7 mln vs the $74.5 mln consensus.

8:03AM Omnicare beats by $0.07, reports revs in-line; guides FY08 EPS above consensus (OCR) 26.12 : Reports Q2 (Jun) earnings of $0.46 per share, $0.07 better than the First Call consensus of $0.39; revenues rose 0.1% year/year to $1.55 bln vs the $1.54 bln consensus. Co issues upside guidance for FY08, sees EPS of $1.85-1.95 vs. $1.75 consensus. FY08 cash flow from operations will be in the range of $400 million to $450 million.

8:03AM Carpenter Tech misses by $0.02, beats on revs (CRS) 39.60 : Reports Q4 (Jun) earnings of $1.09 per share, excluding non-recurring items, $0.02 worse than the First Call consensus of $1.11; revenues rose 4.3% year/year to $556.3 mln vs the $516.5 mln consensus.

7:37AM FPL Group reports EPS in-line, misses on revs; reaffirms FY08 and FY09 EPS in-line (FPL) 64.17 : Reports Q2 (Jun) earnings of $0.93 per share, excluding non-recurring items, in-line with the First Call consensus of $0.93; revenues fell 8.8% year/year to $3.59 bln vs the $4.14 bln consensus. Co reaffirms guidance for FY08, sees EPS of $3.83-3.93 vs. $3.88 consensus. Co reaffirms guidance for FY09, sees EPS of $4.15-4.35 vs. $4.23 consensus. Co is reaffirming its 2008 and 2009 adjusted earnings per share expectations as well as its goal of at least 10 percent annual earnings growth through 2012 using our 2006 adjusted earnings per share as the base.

7:37AM Spirit Aerosystems beats by $0.03, slight miss on revs; guides FY08 in-line (SPR) 22.15 : Reports Q2 (Jun) earnings of $0.62 per share, $0.03 better than the First Call consensus of $0.59; revenues rose 10.7% year/year to $1.06 bln vs the $1.09 bln consensus. Co issues in-line guidance for FY08, sees EPS of $2.35-2.45 vs. $2.36 consensus; sees FY08 revs of $4.40 bln vs. $4.37 bln consensus. As for the outlook of the commercial aerospace market, co says it will continue to see strong long-term growth. While today's countervailing market forces create some uncertainty about the near-term, the co says its backlog continues to expand.

7:27AM Diana Shipping reports EPS in-line, beats on revs (DSX) 30.17 : Reports Q2 (Jun) earnings of $0.76 per share, in-line with the First Call consensus of $0.76; revenues rose 97.3% year/year to $86.8 mln vs the $83.3 mln consensus. "Diana Shipping delivered record revenues and earnings for the second quarter and first half of 2008. We are pleased that these robust financial results have enabled us to increase our cash dividend per share for the 10th consecutive quarter, producing an attractive dividend yield for our shareholders. The consistency and visibility of our financial performance is reflected in the fact that we have secured time charters that provide for $163.8 million to $167.8 million in revenues for the balance of 2008. Thus, we expect our capacity to reward our shareholders with similarly attractive dividends to continue through the remainder of the year. Furthermore, with our young fleet, strong balance sheet, well-established relationships with industry-leading customers, and a track record of revenue visibility, Diana Shipping is well-positioned to continue to benefit from the favorable long-term dynamics of the dry bulk industry."

7:16AM Parker-Hannifin beats by $0.05, beats on revs; guides FY09 EPS below consensus (PH) 68.04 : Reports Q4 (Jun) earnings of $1.55 per share, excluding non-recurring items, $0.05 better than the First Call consensus of $1.50; revenues rose 16.4% year/year to $3.35 bln vs the $3.23 bln consensus. Co issues downside guidance for FY09, sees EPS of $5.65-6.05 vs. $6.07 consensus.

7:13AM Green Mtn Coffee beats by $0.04, reports revs in-line; guides FY08 EPS above consensus; guides FY09 EPS above consensus (GMCR) 38.52 : Reports Q3 (Jun) earnings of $0.25 per share, $0.04 better than the First Call consensus of $0.21; revenues rose 43.3% year/year to $118.1 mln vs the $119.2 mln consensus. Co issues upside guidance for FY08, sees EPS of $0.79-0.81 vs. $0.77 consensus; co sees revs up 44-46%, which equates to approx $492-499 mln vs $497.82 mln consensus. Co issues upside guidance for FY09, sees EPS of $1.20-1.30 vs. $1.13 consensus.