Earnings -31st July 2008 (2)

4:41PM Winn-Dixie Stores issues downside FY08 EPS guidance; provides FY08 and FY09 EBITDA guidance (WINN) 15.89 -0.48 : Co issues downside guidance for FY08, sees EPS of $0.25 vs. First Call consensus of $0.27. Co reports preliminary Q4 Adjusted EBITDA to be approx $9 mln, compared to $29.1 mln in 4Q07. The decline in Adjusted EBITDA as compared to the prior year period was due primarily to lower gross margin, an increase in other operating and administrative expenses and the early timing of the Easter holiday. For the 2008 fiscal year, the company expects Adjusted EBITDA to be approx $101 mln, an increase of approx 57% compared to $64.5 million in Adjusted EBITDA in the prior year. For FY09, the company expects Adjusted EBITDA to be in the range of $110 mln to $125 mln.

4:33PM Scotts Miracle-Gro beats by $0.08, beats on revs; guides FY08 EPS in-line (SMG) 19.48 +0.06 : Reports Q3 (Jun) earnings of $2.00 per share, excluding non-recurring items, $0.08 better than the First Call consensus of $1.92; revenues rose 6.6% year/year to $1.17 bln vs the $1.15 bln consensus. Co issues in-line guidance for FY08, sees EPS of $2.00 vs. $2.02 consensus.

4:18PM Synaptics beats by $0.04, beats on revs; announces 3-for-2 split; announces $80 mln common stock repurchase agreement (SYNA) 48.22 +2.08 : Reports Q4 (Jun) earnings of $0.46 per share, $0.04 better than the First Call consensus of $0.42; revenues rose 35.3% year/year to $96.9 mln vs the $92.8 mln consensus. The co also announced that its Board of Directors has approved a 3-for-2split of its common stock to be effected as a stock dividend. Each shareholder of record at the close of market on August 15, 2008 will receive one additional share for every two outstanding shares held on the record date, the payable date will be August 29, 2008, and trading will begin on a split-adjusted basis on September 2, 2008. Co also announces an $80 mln stock buyback program.

4:17PM KLA-Tencor beats by $0.03, beats on revs (KLAC) 37.59 -0.17 : Reports Q4 (Jun) earnings of $0.60 per share, excluding non-recurring items, $0.03 better than the First Call consensus of $0.57; revenues fell 19.8% year/year to $590.7 mln vs the $572.8 mln consensus. "This was a year of solid execution for KLA-Tencor in a tough overall market environment. We expanded our potential market opportunity through the acquisition of ICOS Vision Systems, and delivered good operating performance in a very challenging demand environment. Our strong performance in the face of these challenges reflects the strength of our market leadership, the superior value we deliver to our customers in helping them meet their yield demands, and the resilience of the KLA-Tencor team."

4:16PM Weight Watchers misses by $0.02, misses on revs; guides FY08 EPS in-line (WTW) 35.76 +0.06 : Reports Q2 (Jun) earnings of $0.87 per share, $0.02 worse than the First Call consensus of $0.89; revenues rose 3.5% year/year to $400 mln vs the $415.7 mln consensus. Co issues in-line guidance for FY08, sees EPS of $2.85-2.96 vs. $2.89 consensus.

4:13PM Monster Worldwide beats by $0.03, misses on revs; announces Trovix acquisition (MNST) 17.86 -0.31 : Reports Q2 (Jun) earnings of $0.40 per share, excluding non-recurring items, $0.03 better than the First Call consensus of $0.37; revenues rose 14.9% year/year to $323 mln vs the $361.4 mln consensus. Co announced separately that it has acquired Trovix, a provider of employment products and services using intelligent search technologies, for $72.5 million in cash. Co says, "We anticipate that we will continue to operate in a difficult environment in the near-term... We are increasingly optimistic about our long-term growth prospects and believe that our ongoing investments and recent developments with respect to the resolution of some of our key outstanding litigation will benefit our customers, shareholders and associates now and in the future."

4:12PM Stanley Inc. beats by $0.04, beats on revs; guides Q2 EPS in-line, revs above consensus; raises Y09 guidance (SXE) 31.28 -1.56 : Reports Q1 (Jun) earnings of $0.35 per share, $0.04 better than the First Call consensus of $0.31; revenues rose 29.3% year/year to $172.6 mln vs the $166.2 mln consensus. Co issues guidance for Q2, sees EPS of $0.31-0.33 vs. $0.33 consensus; sees Q2 revs of $184-192 mln vs. $173.45 mln consensus. Co issues raises guidance for FY09, sees EPS of $1.30-1.38, compared to previous guidance of $1.26-1.34, vs. $1.35 consensus; sees FY09 revs of $755-780 mln, compared to previous guidance of $665-695 mln, vs. $709.50 mln consensus.


4:12PM Morningstar beats by $0.08, beats on revs (MORN) 62.96 -0.65 : Reports Q2 (Jun) earnings of $0.57 per share, $0.08 better than the First Call consensus of $0.49; revenues rose 20.5% year/year to $132.2 mln vs the $127.2 mln consensus.

4:11PM Chesapeake Energy beats by $0.01, reports revs in-line (CHK) 50.15 -0.80 : Reports Q2 (Jun) earnings of $0.89 per share, excluding non-recurring items, $0.01 better than the First Call consensus of $0.88; revenues rose 86.2% year/year to $2.23 bln vs the $2.24 bln consensus.

4:11PM Dynamic Materials beats by $0.06, beats on revs (BOOM) 32.93 : Reports Q2 (Jun) earnings of $0.49 per share, $0.06 better than the First Call consensus of $0.43; revenues rose 83.2% year/year to $63.2 mln vs the $59 mln consensus. "Although year-to-date bookings have been strong, longer lead times on the delivery of carbon steel in the United States are expected to result in sales during the second half of 2008 that will be approximately 5% less than the first half of the year. Sales in the third quarter are expected to be up to 20% less than second quarter sales, while fourth quarter sales are expected to be equal to or above those of the second quarter."

4:08PM Cognizant Tech reports EPS in-line; guides Q3 & FY08 below consensus (CTSH) 28.07 : Reports Q2 (Jun) earnings of $0.35 per share, in-line with the First Call consensus of $0.35; revenues rose 32.7% year/year to $685.4 mln vs the $682.5 mln consensus. Co issues downside guidance for Q3, sees EPS of $0.37 vs. $0.38 consensus; sees Q3 revs of $723 bln vs. $746.13 mln consensus. Co issues downside guidance for FY08, sees EPS of $1.44 vs. $1.48 consensus; sees FY08 revs of $2.81 bln vs. $2.87 bln consensus. Co said, "Due to the continued deterioration in the macroeconomic environment and sagging consumer and business confidence, we are adopting a more conservative stance for the remainder of the year. However, we remain optimistic about our long-term growth prospects given that our pipeline of large deals remains healthy, our market position remains strong and the trend towards increasing offshore spending continues, driven by secular changes in industry dynamics, pressures to find cost efficiencies or, in some cases, both." (Briefing.com note: CTSH actual, guidance and consensus includes stock options expense.)

4:06PM Gen-Probe beats by $0.09, beats on revs; raises FY08 guidance (GPRO) 53.32 -0.30 : Reports Q2 (Jun) earnings of $0.45 per share, $0.09 better than the First Call consensus of $0.36; revenues rose 18.3% year/year to $119.8 mln vs the $106.5 mln consensus. Co raises guidance for FY08, sees EPS of $1.83-1.87, up from $1.72-1.76, vs. $1.76 consensus; sees FY08 revs of $467-472 mln, up from 450-455 mln, vs. $455.32 mln consensus.

4:06PM ValueClick reports EPS in-line, revs in-line; guides Q3 EPS below consensus, revs below consensus; guides FY08 EPS below consensus, revs below consensus (VCLK) 11.90 +0.67 : Reports Q2 (Jun) earnings of $0.17 per share, in-line with the First Call consensus of $0.17; revenues rose 10.2% year/year to $163.8 mln vs the $165.1 mln consensus. Co issues downside guidance for Q3, sees EPS of $0.14-0.15 vs. $0.16 consensus; sees Q3 revs of $150-156 mln vs. $162.17 mln consensus. Co issues downside guidance for FY08, sees EPS of $0.69-0.71 vs. $0.74 consensus; sees FY08 revs of $655-675 mln vs. $688.52 mln consensus.

4:05PM thinkorswim beats by $0.10, beats on revs (SWIM) 8.03 -0.05 : Reports Q2 (Jun) earnings of $0.27 per share, $0.10 better than the First Call consensus of $0.17; revenues rose 6.7% year/year to $97 mln vs the $88.1 mln consensus. Co also says "We anticipate the balance of 2008 to continue to outperform first quarter results and earlier forecasts. As a result, the co reactivated its stock buyback program which allows for the repurchase of up to five million shares over the next two years."

4:04PM Coinstar beats by $0.09, beats on revs; guides Q3 EPS above consensus, revs above consensus (CSTR) 34.49 +0.32 : Reports Q2 (Jun) earnings of $0.23 per share, $0.09 better than the First Call consensus of $0.14; revenues rose 60.0% year/year to $219.9 mln vs the $206.4 mln consensus. Co issues upside guidance for Q3, sees EPS of $0.18-$0.25 vs. $0.17 consensus; sees Q3 revs of $240-$250 vs. $229.01 mln consensus.


4:02PM Hansen Medical misses by $0.11, misses on revs (HNSN) 15.17 -0.82 : Reports Q2 (Jun) loss of $0.61 per share, $0.11 worse than the First Call consensus of ($0.50); revenues rose 138.8% year/year to $5.8 mln vs the $7.4 mln consensus.

4:02PM Comfort Sys USA beats by $0.06, beats on revs (FIX) 13.24 -0.27 : Reports Q2 (Jun) earnings of $0.38 per share, $0.06 better than the First Call consensus of $0.32; revenues rose 26.6% year/year to $355.1 mln vs the $324.2 mln consensus. Co says, "we remain optimistic about the second half of 2008. Even if a significant nonresidential construction recession becomes fact, we believe that we can continue to demonstrate impressive profitability and growth to the fundamental value of Comfort Systems USA."

3:56PM McAfee beats by $0.07, beats on revs; guides Q3 EPS in-line; guides FY08 EPS in-line, revs above consensus (MFE) 34.39 +2.11 : As mentioned at 15:52, MFE reported Q2 (Jun) earnings of $0.52 per share, $0.07 better than the First Call consensus of $0.45; revenues rose 26.0% year/year to $396.8 mln vs the $369.1 mln consensus. Co issues in-line guidance for Q3, sees EPS of $0.46-0.50 vs. $0.48 consensus. Co issues mixed guidance for FY08, sees EPS of $1.90-2.00 vs. $1.91 consensus; sees FY08 revs of $1.535-1.585 bln vs. $1.51 bln consensus. This 2008 guidance reflects an assumed 29 percent GAAP tax rate and a 27 percent non-GAAP tax rate for the full-year 2008. In addition, guidance does not reflect the future impact of the company's stock repurchase program. Guidance also reflects our current expectations regarding the acquisition of Reconnex which assumes GAAP earnings per share dilution of approximately $0.05 and non-GAAP earnings per share dilution of approximately $0.03 for 2008.