Earnings - 7th May 2009 (1)

8:31AM Goldcorp beats by $0.10, beats on revs (GG) 30.33 : Reports Q1 (Mar) earnings of $0.23 per share, $0.10 better than the First Call consensus of $0.13; revenues fell 0.3% year/year to $624.8 mln vs the $494.3 mln consensus.

8:06AM Rowan Cos beats by $0.20, misses on revs (RDC) 18.28 : Reports Q1 (Mar) earnings of $1.14 per share, excluding a $0.02 gain on asset disposals, $0.20 better thanthe First Call consensus of $0.94; revenues rose 1.9% year/year to $494.8 mln vs the $517.9 mln consensus. Co says, "We are very pleased with the strong performance of both our drilling and manufacturing operations in the first quarter of 2009, particularly in the area of cost reduction. This is an area of considerable focus for Rowan, especially as weakening demand for drilling services and equipment continues to put downward pressure on our revenues."

7:49AM Perrigo beats by $0.05, misses on revs; guides FY09 EPS above consensus (PRGO) 25.14 : Reports Q3 (Mar) earnings of $0.50 per share, excluding non-recurring items,$0.05 better than the First Call consensus of $0.45; revenues rose 5.3% year/year to $505.9 mln vs the $527.2 mln consensus. Co issues upside guidance for FY09, sees EPS of $1.80-1.90, excluding non-recurring items, vs. $1.77 consensus, up from previous guidance of $1.75-1.90.

7:37AM Suburban Propane beats by $0.58, misses on revs (SPH) 39.48 : Reports Q2 (Mar) earnings of $3.50 per share, $0.58 better than the First Call consensus of $2.92; revenues fell 24.2% year/year to $445.2 mln vs the $490.4 mln consensus.

7:36AM Alliant Tech beats by $0.17, beats on revs; guides FY10 EPS above consensus, revs above consensus (ATK) 82.64 : Reports Q4 (Mar) earnings of $2.28 per share, excluding non-recurring items, $0.17 better than the First Call consensus of $2.11; revenues rose 11.3% year/year to $1.26 bln vs the $1.19 bln consensus. Co issues upside guidance for FY10, sees EPS of $8.05-8.25 vs. $7.72 consensus; sees FY10 revs of $4.73-4.80 bln vs. $4.66 bln consensus.

7:23AM Linn Energy beats by $0.09, beats on revs (LINE) 16.39 : Reports Q1 (Mar) earnings of $0.48 per share, excluding non-recurring items, $0.09 better than the First Call consensus of $0.39; revenues rose 19.2% year/year to $203.9 mln vs the $170.8 mln consensus.

7:18AM Cameron beats by $0.02, misses on revs; guides Q2 EPS in-line; guides FY09 EPS above consensus (CAM) 28.19 : Reports Q1 (Mar) earnings of $0.59 per share, $0.02 better than the First Call consensus of $0.57; revenues fell 6.1% year/year to $1.26 bln vs the $1.36 bln consensus. Co issues in-line guidance for Q2, sees EPS of $0.45-$0.48 vs. $0.45 consensus. Co issues upside guidance for FY09, sees EPS of $1.85-$2.00 vs. $1.76 consensus, vs prior guidance of $1.75-$2.00. "The improvement in the lower end of our guidance reflects our expectation that we will continue to efficiently execute on delivery of projects in backlog, as well as an anticipated improvement in our tax rate for the balance of the year."

7:11AM Teradata beats by $0.12, beats on revs (TDC) 18.83 : Reports Q1 (Mar) earnings of $0.26 per share, $0.12 better than the First Call consensus of $0.14; revenues fell 2.1% year/year to $367 mln vs the $345.1 mln consensus. Gross margin in the first quarter was 54.5% vs 51.7% in the first quarter of 2008. Gross margin in the first quarter increased 280 bps, with both product and services gross margins improving from the prior year period.

7:10AM Holly beats by $0.14, beats on revs (HOC) 25.82 : Reports Q1 (Mar) earnings of $0.44 per share, $0.14 better than the First Call consensus of $0.30; revenues fell 56.0% year/year to $650.8 mln vs the $590.5 mln consensus.

7:09AM Corrections Corp beats by $0.03, reports revs in-line; guides Q2 EPS in-line; guides FY09 EPS above consensus (CXW) 14.14 : Reports Q1 (Mar) earnings of $0.29 per share, $0.03 better than the First Call consensus of $0.26; revenues rose 6.5% year/year to $404.2 mln vs the $402.7 mln consensus. Co issues in-line guidance for Q2, sees EPS of $0.26-0.28 vs. $0.28 consensus. Co issues upside guidance for FY09, sees EPS of $1.17-1.25 vs. $1.16 consensus. "Many states are nearing completion of their fiscal year 2010 budgets, which begin July 1, 2009. The federal fiscal stimulus bill passed during the first quarter of 2009 provides significant funds to states over several years, which will assist them in balancing their budgets. However, uncertainty remains regarding the magnitude of the recession and the potential impacts on state budgets going forward."

7:03AM Aecom Tech reports EPS in-line, misses on revs; reaffirms FY09 EPS in-line (ACM) 28.24 : Reports Q2 (Mar) earnings of $0.40 per share, in-line with the First Call consensus of $0.40; revenues rose 28.7% year/year to $1.5 bln vs the $1.57 bln consensus. Co reaffrims in-line guidance for FY09, sees EPS of $1.60-1.70 vs. $1.67 consensus. Co announces backlog totaling $9.2 bln at March 31, 2009, a 30% increase year over year.

6:13AM Continental Resources misses by $0.03, misses on revs (CLR) 29.96 : Reports Q1 (Mar) loss of $0.03 per share, excluding non-recurring items, $0.03 worse than the First Call consensus of ($0.00); revenues fell 57.6% year/year to $96.6 mln vs the $112.2 mln consensus.

6:09AM Pioneer Drilling beats by $0.03, misses on revs (PDC) 5.66 : Reports Q1 (Mar) earnings of $0.01 per share, $0.03 better than the First Call consensus of ($0.02); revenues fell 11.1% year/year to $100.8 mln vs the $102.4 mln consensus. Co says, "It seems clear that the current downturn is the worst this industry has faced in decades, and while we do not know when conditions will improve, we have begun to see signs that utilization rate declines are slowing and that we may be approaching a bottom. Accordingly, in this challenging environment, we are continuing to reduce costs, although certain costs are fixed and can't be reduced at the same pace as revenue."

6:07AM Lamar Advertising beats by $0.06, beats on revs; guides Q2 revs in-line (LAMR) 18.50 : Reports Q1 (Mar) loss of $0.23 per share, $0.06 better than the First Call consensus of ($0.29); revenues fell 12.6% year/year to $247.2 mln vs the $243.9 mln consensus. Co issues in-line guidance for Q2, sees Q2 revs of approx $275 mln vs. $276.02 mln consensus.

6:05AM SXC Health Solutions beats by $0.21, misses on revs; guides FY09 EPS above consensus, revs in-line (SXCI) 19.94 : Reports Q1 (Mar) earnings of $0.38 per share, excluding non-recurring items, $0.21 better than the First Call consensus of $0.17; revenues rose 1096.4% year/year to $291 mln vs the $306.5 mln consensus. Co issues mixed guidance for FY09, sees EPS of $1.13-1.21 (previous $0.99-1.08), excluding non-recurring items, vs. $0.83 consensus; sees FY09 revs of $1.25-1.35 bln (previous $1.2-1.3 bln) vs. $1.25 bln consensus.

6:02AM MetroPCS beats by $0.03, misses on revs; reaffirms (PCS) 18.44 : Reports Q1 (Mar) earnings of $0.12 per share, $0.03 better than the First Call consensus of $0.09; revenues rose 20.1% year/year to $795 mln vs the $818.5 mln consensus. Co reports Q1 consolidated net subscriber additions of approximately 684k. Co reaffirms guidance originally provided on November 5, 2008 that MetroPCS expected net subscriber additions in the range of 1.4 million to 1.7 million on a consolidated basis. The Company currently expects Consolidated Adjusted EBITDA to be in the range of $900 million to $1.1 billion for the year ending December 31, 2009.

5:13AM GMX Resources beats by $0.11, beats on revenue (GMXR) 16.94 : Reports Q1 (Mar) earnings of $0.06 per share, excludes items, $0.11 better than the First Call consensus of ($0.05); revenues declined 16.1% year/year to $22.83 mln vs the $19.31 mln consensus. GMXR produced 3.2 Bcfe in Q1 2009 as compared to 2.9 Bcfe in Q1 2008, a 10% increase. Sequentially production was down 3% from Q4 2008 to Q1 2009. The production decrease was attributable to the co's decision to switch from primarily drilling the Cotton Valley Sands to exclusively drilling the Haynesville/Bossier Shale. This transition is complete and production guidance for Q2 is 3.2 Bcfe and 14.9 Bcfe for all of 2009.

2:40AM ATP Oil & Gas beats by $0.40, misses on revs (ATPG) 8.84 : Reports Q1 (Mar) earnings of $0.05 per share, $0.40 better than the First Call consensus of ($0.35); revenues fell 63.9% year/year to $81.9 mln vs the $91.8 mln consensus. Oil and gas production for Q109 was 1.7 MMBoe (10.0 Bcfe) compared to 3.6 MMBoe (21.6 Bcfe) for Q108. Oil production was 0.9 MMBbls (55% of total production) and natural gas production was 4.5 Bcf for Q109, compared to 1.6 MMBbls (45% of total production) and 11.8 Bcfe for Q108.

2:06AM Kendle beats by $0.17, beats on revs (KNDL) 9.61 : Reports Q1 (Mar) earnings of $0.47 per share, excluding non-recurring items, $0.17 better than the First Call consensus of $0.30; revenues fell 5.3% year/year to $108.1 mln vs the $103.4 mln consensus. Co expects to take a one-time charge in Q209 for severance-related and other expenses in the range of $3.5-4.5 mln. Co anticipates these initiatives will generate savings of between $17.5-22.5 mln in 2H09.

1:39AM Tenaris misses by $0.06, misses on revs (TS) 28.07 : Reports Q1 (Mar) earnings of $0.62 per share, $0.06 worse than the First Call consensus of $0.68; revenues fell 6.7% year/year to $2.45 bln vs the $2.5 bln consensus. Net sales of tubular products and services decreased 3% to $2,105.8 mln in Q109, compared to $2,170.7 mln in Q108, as a 29% decrease in sales volume was largely offset by higher average selling prices. In North America, although shipments in Mexico remained stable, in the USA and Canada they were affected by the decline in drilling activity and the extraordinarily high levels of inventories mainly driven by Chinese OCTG imports. Sales in South America increased as higher average selling prices more than offset a decline in volumes sold. In Europe, sales were affected by continuing imports from China which are causing injury to the European pipe industry, a sharp decline in industrial activity, lower demand from distributors serving the process plant sector and lower sales of OCTG products.

Earnings - 31st March 2009

6:47PM Celgene sees Q1 revs below consensus, reaffirms FY09 EPS and revs below consensus, co expects to achieve FY09 results at the lower end of ranges (CELG)44.40 -0.95 : Co issues downside guidance; co sees Q1 revs of ~$600 mln vs $647.1 mln First Call consensus. Co reaffirms FY09 EPS of $2.05-2.15 vs $2.16 consensus, sees revs of $2.6-2.7 bln vs $2.77 bln consensus. The co expects to achieve results at the lower end of these ranges. CELG is targeting REVLIMID product sales in 2009 to increase to ~$1.7 bln, driven by initiatives to expand its worldwide commercial potential, continued global market share gains and longer treatment durations. The co anticipates that VIDAZA sales will nearly double to ~$400 mln. The co reaffirms its five year outlook as it believes the aggressive global expansion of its hematology and oncology franchise, characterized by multiple product launches in various countries, combined with significant operating leverage, improving gross margins and tax rates, should facilitate top line growth of ~20% and bottom line growth of ~25-30%.

4:11PM Pervasive Sftwr raises Q3 guidance (PVSW) 3.90 +0.16 : Co issues upside guidance for Q3 (Mar), sees EPS of $0.10-0.11 up from $0.05-0.08 vs. $0.07 First Call consensus; sees Q3 (Mar) revs of $12.8-13.1 mln up from $10.5-11.5 vs. $11.14 mln consensus. The co expects to report positive cash flow from operations of approx $2.0 mln in the third quarter of fiscal 2009, ending the quarter with approx $44.0 mln in cash and marketable securities. Pervasive acquired approx 733,000 shares of Pervasive common stock on the open market at a total cost of approx $2.7 mln, or approx $3.72 weighted average price per share, during the quarter ended March 31, 2009. The co has $10 mln authorized repurchase funds remaining under its $10.0 mln stock repurchase program announced in March 2009. Depending on market conditions and other factors, such purchases may be commenced or suspended at any time without prior notice. Issued and outstanding shares of common stock as of March 31, 2009 totaled approx 18.2 mln

4:04PM Apollo Group beats by $0.12, beats on revs (APOL) 78.33 -0.61 : Reports Q2 (Feb) earnings of $0.77 per share, $0.12 better than the First Call consensus of $0.65; revenues rose 26.3% year/year to $876.1 mln vs the $865.5 mln consensus. Co report 20.4% year-over-year increase in University of Phoenix total Degreed Enrollment to 397,700.

11:31AM Alliant Tech acquires Eagle Industries; expects the acquisition to add more than $80 mln to FY10 revenues and slightly accretive to FY10 EPS (ATK) 66.38 +2.38 : Co has acquired Eagle Industries, as it expands its position in the domestic and international tactical accessories markets serving military and law enforcement customers. While terms of the agreement were not disclosed, co expects the acquisition to add more than $80 mln to FY10 revenues, and be slightly accretive to FY10 earnings per share (EPS). Eagle Industries will become part of ATK's Armament Systems group.

Earnings - 29th Jan 2009

6:32PM Lindsay Corp sees Q2 revs below consensus; co expects total Q2 revs to be ~30% to 40% lower YoY (LNN) 31.83 -1.15 : Co issues downside guidance; co announced that it expects total revs in Q2 of FY09 to be ~30-40% YoY, which equates to ~$65.31-75.9 mln vs $94.0 mln First Call consensus. Co says the primary factor for the expected decline in revenue is the significantly lower global, incoming order rate for irrigation equipment. While infrastructure revenues are also expected to be lower in the quarter than the same prior-year period, the Company believes this is due primarily to the timing of project-oriented business. The Company will continue to take appropriate actions in response to economic conditions, including reductions in workforce and discretionary spending and other cost-saving measures. As of mid-January, the Company had reduced its global headcount by 25% since the start of fiscal 2009.

5:23PM Quality Systems beats by $0.01, beats on revs (QSII) 39.15 +0.01 : Reports Q3 (Dec) earnings of $0.46 per share, $0.01 better than the First Call consensus of $0.45; revenues rose 36.2% year/year to $65.5 mln vs the $62.9 mln consensus. For the quarter, the co's NextGen Healthcare Information Systems division posted record revenue of $61.5 mln, up 40% when compared with the same quarter in the prior year and record operating income of $22.8 mln, up 28% over third quarter last year.

4:35PM Informatica beats by $0.01, misses on revs (INFA) 13.01 -0.20 : Reports Q4 (Dec) earnings of $0.24 per share, $0.01 better than the First Call consensus of $0.23; revenues rose 9.2% year/year to $124.4 mln vs the $127.4 mln consensus.

4:16PM Amazon.com beats by $0.13, beats on revs; guides Q1 revs in-line (AMZN)50.00 -0.36 : Reports Q4 (Dec) earnings of $0.52 per share, $0.13 better than the First Call consensus of $0.39; revenues rose 18.2% year/year to $6.7 bln vs the $6.44 bln consensus. Co issues in-line guidance for Q1, sees Q1 revs of $4.525-4.925 bln vs. $4.57 bln consensus. Operating income for Q1 is expected to be between $125 million and $210 million, or between 37% decline and 6% growth compared with first quarter 2008. "We remain relentlessly focused on serving customers with low prices, great selection and free shipping offers, including Amazon Prime ... We're particularly grateful for the unusually strong demand for Kindle in the fourth quarter."

4:13PM Sunpower beats by $0.13, beats on revs; guides FY09 EPS in-line, revs in-line (SPWRA) : Reports Q4 (Dec) earnings of $0.70 per share, $0.13 better than the First Call consensus of $0.57; revenues rose 78.7% year/year to $401 mln vs the $396.8 mln consensus. Co issues in-line guidance for FY09, sees EPS of $2.20-2.80, ex items vs. $2.66 consensus; sees FY09 revs of $1.6-2.0 bln vs. $1.89 bln consensus. "Long-term solar market fundamentals remain in place and we are encouraged by the commitment to renewable energy by President Obama and Congressional leadership," continued Werner. "Given these factors, we are well positioned to take advantage of growing global demand for solar this year and in the future, despite uncertainty in today's economic and credit environment."

8:50AM Helmerich & Payne beats by $0.26, beats on revs (HP) 24.83 : Reports Q1 (Dec) earnings of $1.35 per share, excluding $0.01 in non-recurring items, $0.26 better than the First Call consensus of $1.09; revenues rose 36.6% year/year to $623.8 mln vs the $573.2 mln consensus. The significant increase as compared to the prior quarter was mostly driven by higher average revenue and margins per rig day during this year's first quarter. Average revenue per day rose by $2,032 over the previous quarter to $27,066, and average rig margin per day rose by $1,657 over the previous quarter to $14,820. Co says, "Exploration and production companies are currently being very aggressive about reducing their drilling plans in the near term, responding to the double blow of depressed energy prices and dysfunctional credit markets. Given the speed and severity of the current pullback, it is difficult to predict when supply and demand will return to a better balance. Until then, customers seem to be waiting to see where commodity prices stabilize before making final determinations concerning this year's spending plans."

8:07AM Illinois Tool beats by $0.06, reports revs in-line; guides Q1 EPS below consensus; guides FY09 EPS in-line (ITW) : Reports Q4 (Dec) earnings of $0.54 per share, $0.06 better than the First Call consensus of $0.48; revenues fell 5.9% year/year to $3.68 bln vs the $3.67 bln consensus. Co issues downside guidance for Q1, sees EPS of $0.26-$0.42 vs. $0.47 consensus. The 1Q09 forecast assumes a total company revenue range of -17% to -11%. Co issues in-line guidance for FY09, sees EPS of $1.84-$2.48 vs. $2.35 consensus. Co states, The full-year forecast assumes a total company revenue range of -12% to -6%. Briefing Note: This would equate to a range of approx $13.97-$14.92 bln vs $14.72 bln.

8:04AM Kennametal misses by $0.01, misses on revs; guides Q3 EPS below consensus; guides FY09 EPS below consensus (KMT) 18.69 : Reports Q2 (Dec) earnings of $0.35 per share, $0.01 worse than the First Call consensus of $0.36; revenues fell 12.1% year/year to $569 mln vs the $579.7 mln consensus. Co issues downside guidance for Q3, sees EPS of $0.05-0.15 vs. $0.40 consensus. Co issues downside guidance for FY09, sees EPS of $1.30-1.50 vs. $1.89 consensus. Organic sales for fiscal 2009 are expected to be 14-15% lower than for the previous fiscal year.

7:42AM Cash America misses by $0.03, beats on revs; reaffirms FY09 EPS guidance (CSH) 19.75 : Reports Q4 (Dec) earnings of $0.74 per share, excluding restructuring and severance charges, $0.03 worse than the First Call consensus of $0.77; revenues rose 7.1% year/year to $279.7 mln vs the $274.3 mln consensus. Co reaffirms guidance as announced on Jan 22 for FY09, sees EPS of 3.10-3.30 vs. $3.08 consensus. Mgmt enters the first quarter of fiscal 2009 without the earnings attributable to certain markets for its cash advance product that added significant incremental profitability in fiscal 2008. Mgmt has estimated that the net effect of lost earnings due to changes in and the elimination of cash advance markets during 2008 equates to $20 to $25 mln after taxes on an annualized basis (between 66 and 83 cents per share). Mgmt believes that growth in its existing and new markets for its cash advance product will combine with growth from its pawn lending business and will overcome this decrease in contribution but not until the second half of 2009. While mgmt believes that the demand for its credit products will remain intact in 2009, it feels there is a likelihood it will experience higher loan losses associated with the difficult consumer economic environment and it expects pressure on retail margins to support sales activities during the year. Co says, "We experienced an increase in loss rates early in the quarter within our online cash advance portfolio reversing a trend of lower loss rates through September. While we were disappointed by this change, we believe that we have addressed it appropriately and we are still within an acceptable range for this line of business."

7:36AM Alliant Tech beats by $0.04, misses on revs; guides FY09 EPS below consensus, revs below consensus; guides FY10 EPS below consensus, revs in-line (ATK) : Reports Q3 (Dec) earnings of $1.96 per share, $0.04 better than the First Call consensus of $1.92; revenues rose 5.2% year/year to $1.11 bln vs the $1.14 bln consensus. Co issues downside guidance for FY09, sees EPS of $7.40-7.50 vs. $7.56 consensus; sees FY09 revs of $4.5 bln (previously expected $4.55) vs. $4.55 bln consensus. ATK continues to expect full-year FY09 operating margins to be approximately 10.5 percent, with free cash flow of approximately $260 million. Co issues mixed guidance for FY10, sees EPS of $7.75-7.95 vs. $8.36 consensus; sees FY10 revs of $4.55-4.65 bln vs. $4.87 bln consensus.  ATK expects to generate free cash flow in the range of $130 million to $150 million, which includes the impact of making the $150 million prepayment contribution to the company's pension plans, and approximately $120 million of capital expenditures

7:34AM Celgene beats by $0.01, reports revs in-line; guides FY09 EPS below consensus, revs below consensus; co reports drug numbers (CELG) 52.20 : Reports Q4 (Dec) earnings of $0.43 per share, $0.01 better than the First Call consensus of $0.42; revenues rose 52.3% year/year to $623 mln vs the $621.7 mln consensus. Co issuesdownside guidance for FY09, sees EPS of $2.05-2.15 vs. $2.18 consensus; sees FY09 revs of $2.6-2.7 bln vs. $2.85 bln consensus. Q4 Drug sales: Revlimid $369 mln vs. $371.2 mln First Call Consensus; Thalomid $126.8 mln vs. $132.9 mln First Call Consensus; Vidaza $69.7 mln vs. $70.6 mln First Call Consensus; Alkeran $24.4 mln vs. $19.8 mln First Call Consensus.

7:34AM CONSOL Energy beats by $0.34, reports revs in-line (CNX) 28.94 : Reports Q4 (Dec) earnings of $0.97 per share, $0.34 better than the First Call consensus of $0.63; revenues rose 35.3% year/year to $1.24 bln vs the $1.24 bln consensus. Because of uncertainties surrounding the U.S. and global economies, CONSOL Energy plans to adopt a cautious approach to capital expenditures and cash management, and therefore is altering its usual practice of issuing annual capital expenditure and production projections. Co expects to limit capital spending in the early part of the year in order to retain the ability to adjust spending to prevailing economic conditions. Furthermore, co expects to continue expenditures on projects, such as overland belt projects or longwall face extensions. However, the CNX doesn't expect to commit the entire authorized capital budget for coal until it has a clearer understanding of the state of the economy and demand for coal.

7:18AM Dominion beats by $0.03, beats on revs; guides Q1 EPS below consensus; guides FY09 EPS in-line, FY10 above consensus (D) 35.69 : Reports Q4 (Dec) earnings of $0.72 per share, $0.03 better than the First Call consensus of $0.69; revenues rose 14.4% year/year to $4.17 bln vs the $3.51 bln consensus. Co issues downside guidance for Q1, sees EPS of $0.85-0.90 vs. $0.99 consensus. Co issues in-line guidance for FY09, sees EPS of $3.20-3.30 vs. $3.26 consensus. Sees 2010 EPS of $3.33-3.50 vs $3.31 consensus . Assuming a return to normal economic conditions, we expect to again grow operating earnings per share 6 percent or more annually beginning in 2011. The increase in fourth-quarter 2008 operating earnings is primarily attributable to lower outage costs at the company's generating units; a lower effective tax rate; lower operating and maintenance expenses at the regulated electric utility; and higher contributions from the company's merchant generation business. These positives were partially offset by the exclusion of Peoples Natural Gas and Hope Gas, Inc. from operating earnings beginning in 2008.

7:18AM L-3 Comms beats by $0.10, beats on revs; guides FY09 EPS below consensus, revs in-line (LLL) 79.83 : Reports Q4 (Dec) earnings of $2.04 per share, excluding non-recurring items, $0.10 better than the First Call consensus of $1.94; revenues rose 5.4% year/year to $4.01 bln vs the $3.87 bln consensus. Co issues mixed guidance for FY09, sees EPS of $7.12-7.32 vs. $7.41 consensus (previous range $7.30-7.50); sees FY09 revs of $15.5-15.7 bln vs. $15.65 bln consensus (previous range $15.4-15.7 bln). Co estimates FY09 operating margin at 10.4% vs previous estimate of 10.7%. Co records funded Q408 orders of $4.3 bn vs $3.8 bln in Q407. Funded backlog increased 21% to $11.6 bln at Dec. 31, 2008 from $9.6 bln at Dec. 31, 2007.

7:12AM Textron beats by $0.05, misses on revs; guides FY09 EPS below consensus, revs below consensus (TXT) 13.30 : Reports Q4 (Dec) earnings of $0.40 per share, excluding a number of special charges, $0.05 better than the First Call consensus of $0.35; revenues rose 0.4% year/year to $3.61 bln vs the $3.68 bln consensus. Co issues downside guidance for FY09, sees EPS of $1.00-1.50, excluding restructuring charges of ~$40 mln, vs. $2.39 consensus; sees FY09 revs of $12.50 bln vs. $13.63 bln consensus. Co says, "Economic conditions continued to weaken during the fourth quarter, significantly impacting our Industrial and TFC businesses; however, for the year, we had strong performance at Bell, Cessna and Textron Systems... Economic conditions continued to weaken during the fourth quarter, significantly impacting our Industrial and TFC businesses. However, for the year, we had strong performance at Bell, Cessna and Textron Systems. Combined backlog at Cessna, Bell and Textron Systems was $23.2 billion at the end of the fourth quarter, up $4.4 billion from the end of last year."

7:08AM Raytheon beats by $0.02, reports revs in-line; guides FY09 EPS in-line, revs in-line (RTN) 49.67 : Reports Q4 (Dec) earnings of $1.13 per share, excluding non-recurring items, $0.02 better than the First Call consensus of $1.11; revenues rose 2.6% year/year to $6.16 bln vs the $6.21 bln consensus. Co issues in-line guidance for FY09, sees EPS of $4.45-4.60, excluding non-recurring items, vs. $4.57 consensus; sees FY09 revs of $24.3-24.8 bln vs. $24.68 bln consensus (unchanged from 10/08 guidance). Co ended FY08 with a backlog of $38.9 bln, up 6% compared to $36.6 bln at end of 2007.

7:06AM Zimmer Hldgs reports EPS in-line, misses on revs; guides FY09 EPS below consensus (ZMH) 43.05 : Reports Q4 (Dec) earnings of $1.00 per share, in-line with the First Call consensus of $1.00; revenues fell 4.0% year/year to $1.03 bln vs the $1.09 bln consensus. Co issues downside guidance for FY09, sees EPS of $3.85-4.00 vs. $4.23 consensus. The Company expects full-year revenues for 2009 to increase between 1% and 3% on a constant currency basis, with revenues anticipated to be flat in the first half of the year and improving thereafter. Assuming foreign currency exchange rates remain near year-end 2008 levels, the Company estimates that foreign currency translation will reduce revenue by approximately 4% for the full year 2009. Adjusted diluted earnings per share are expected to show negative growth in the first three quarters with positive growth in the fourth quarter.

6:48AM AutoNation beats by $0.01, misses on revs (AN) 9.24 : Reports Q4 (Dec) earnings of $0.12 per share, excluding non-recurring items, $0.01 better than the First Call consensus of $0.11; revenues fell 33.9% year/year to $2.74 bln vs the $3.06 bln consensus. Co said, "We agree with industry projections that the 2009 SAAR will be in the range of 11 million new vehicle units with obvious weakness in the first half of the year. In this environment, we believe we will be able to manage within all financial covenants." The Company also announced that it has obtained consents under its framework agreements with manufacturers in order to eliminate any potentially adverse consequences under such agreements in the event that ESL Investments, Inc., the Company's largest stockholder, were to acquire over 50% of the Company's common stock. ESL currently owns approximately 45% of the Company's outstanding common stock.

Earnings - 7th Aug 2008 (2)

9:03AM Sempra Energy beats by $0.07, misses on revs; guides FY08 EPS in-line (SRE) 55.98 : Reports Q2 (Jun) earnings of $0.98 per share, $0.07 better than the First Call consensus of $0.91; revenues fell 5.9% year/year to $2.5 bln vs the $2.56 bln consensus. Co issues in-line guidance for FY08, sees EPS of $3.80-4.00 vs. $3.88 consensus, up from the previous range of $3.65 to $3.85 per share.

9:01AM Arena Resources beats by $0.02, beats on revs (ARD) 39.10 : Reports Q2 (Jun) earnings of $0.67 per share, $0.02 better than the First Call consensus of $0.65; revenues rose 187.8% year/year to $62.2 mln vs the $57 mln consensus.

9:01AM Diodes beats by $0.01, reports revs in-line; guides Q3 revs in-line (DIOD) 27.40 : Reports Q2 (Jun) earnings of $0.35 per share, excluding non-recurring items, $0.01 better than the First Call consensus of $0.34; revenues rose 20.5% year/year to $116 mln vs the $115.3 mln consensus. Co issues in-line guidance for Q3, sees Q3 revs of $134-142 mln vs. $134.28 mln consensus.

8:35AM Mediacom Comm beats by $0.25, beats on revs; guides FY08 revs in-line (MCCC) 5.81 : Reports Q2 (Jun) earnings of $0.22 per share, $0.25 better than the First Call consensus of ($0.03); revenues rose 7.6% year/year to $349.5 mln vs the $344.1 mln consensus. Co issues in-line guidance for FY08, sees FY08 revs up 7-8% which equates to $1.38-1.40 bln vs. $1.39 bln consensus.

8:12AM US Cellular misses by $0.01, beats on revs (USM) 62.20 : Reports Q2 (Jun) earnings of $0.83 per share, $0.01 worse than the First Call consensus of $0.84; revenues rose 9.2% year/year to $1.06 bln vs the $1.03 bln consensus. Co sees Y08 net retail customer adds of 175-225k, service revs of $3.9-4.0 bln.

8:06AM Delta Petroleum beats by $0.02, beats on revs (DPTR) 18.93 : Reports Q2 (Jun) earnings of $0.04 per share, excluding items, $0.02 better than the First Call consensus of $0.02; revenues rose 81.0% year/year to $69.5 mln vs the $66.1 mln two analyst estimate. Before adjusting for the selected items, the Company reported a net loss for the six months ended June 30, 2008 of ($42.2 million), or ($0.47) per share, compared with a net loss of ($113.7 million), or ($1.95) per diluted share, in the six months ended June 30, 2007.

8:01AM RBC Bearings misses by $0.03, beats on revs; guides Q2 revs above consensus (ROLL) 33.49 : Reports Q1 (Jun) earnings of $0.49 per share, $0.03 worse than the First Call consensus of $0.52; revenues rose 15.8% year/year to $92.4 mln vs the $90.9 mln consensus. Co issues upside guidance for Q2, sees Q2 revs of $95-97 mln vs. $89.15 mln consensus.
8:00AM S&P futures vs fair value: -7.5. Nasdaq futures vs fair value: -10.2. : Futures suggest a lower open after disappointing results from two Dow components. AIG (AIG) reported a second quarter loss of $0.51 per share, ex-items, which is $1.14 worse than the consensus estimate, sending shares of AIG tumbling 11% in premarket trading. Shares of Wal-Mart (WMT) are down 3.4% in premarket trading after the company reported July same-store sales rose 3%, which fell short of the Briefing.com consensus that called for 3.3% growth. Meanwhile, crude prices are up 1.7% to $120.60 per barrel, which follows a drop of more than 5% over the three previous sessions. As expected, the European Central Bank left its benchmark unchanged at 4.25%, and the Bank of England left its rate at 5.00%.

7:58AM Pride Intl beats by $0.04, reports revs in-line (PDE) 38.86 : Reports Q2 (Jun) earnings of $0.80 per share, excluding non-recurring items, $0.04 better than the First Call consensus of $0.76; revenues rose 5.7% year/year to $560.3 mln vs the $557.6 mln consensus.

7:47AM Williams Partners beats by $0.17, beats on revs (WPZ) 28.64 : Reports Q2 (Jun) earnings of $0.92 per share, $0.17 better than the First Call consensus of $0.75; revenues rose 28.0% year/year to $178.2 mln vs the $155.3 mln consensus.

7:39AM Warnaco Group beats by $0.24, beats on revs; guides FY08 EPS above consensus, revs above consensus (WRC) 43.34 : Reports Q2 (Jun) earnings of $0.71 per share, excluding non-recurring items, $0.24 better than the First Call consensus of $0.47; revenues rose 22.1% year/year to $503.8 mln vs the $449.4 mln consensus. Co issues upside guidance for FY08, sees EPS of $2.80-2.90, excluding non-recurring items, vs. $2.77 consensus; sees FY08 revs to grow 13-15% which equates to $2.06-2.1 bln vs. $2.04 bln consensus.

7:37AM Talbots reports Q2 sales below consensus; reaffirms full year guidance (TLB) 14.40 : Co reports Q2 revs of $528 mln vs $558.59 mln First Call consensus. Total Company comparable store sales declined 12.0% for Q2. Reffirms FY09 EPS guidance of $0.47-0.52 vs $0.45 First Call consensus."Our second quarter sales results reflect a weak response to our Talbots and J. Jill brand end of season clearance events, which began in June. Further, we made two key business decisions during the quarter that although we expect to benefit from in the third quarter, negatively impacted our second quarter results."

7:33AM Dril-Quip beats by $0.01, beats on revs; guides Q3 EPS in-line (DRQ) 50.59 : Reports Q2 (Jun) earnings of $0.68 per share, $0.01 better than the First Call consensus of $0.67; revenues rose 24.2% year/year to $142.5 mln vs the $136.2 mln consensus. Co issues in-line guidance for Q3, sees EPS of $0.63-0.73, excluding non-recurring items, vs. $0.73 consensus. In addition, the co announced that its backlog at June 30, 2008 was approximately $560 million, compared to its June 30, 2007 backlog of approximately $394 million. The Company's June 30, 2008 backlog represents an increase of $122 million over its previously reported backlog of $438 million as of March 31, 2008. This increase is primarily the result of the receipt of orders for the supply of Dril-Quip Drilling Riser Systems for two newbuild deepwater floating drilling rigs. These orders have a total value of approximately $80 million and are scheduled for delivery during 2010.

7:30AM Alliant Tech misses by $0.03; reaffirms FY09 EPS guidance, guides FY09 revs in-line; annoucnes 5 mln share buyback (ATK) 101.44 : Reports Q1 (Jun) earnings of $1.64 per share, $0.03 worse than the First Call consensus of $1.67; revenues rose 14.8% year/year to $1.1 bln vs the $1.06 bln consensus. Co issues guidance for FY09, sees EPS at upper end of $7.25-7.35 vs. $7.39 consensus; sees FY09 revs of $4.55 bln vs. $4.54 bln consensus. Announces 5 million share repurchase authorization.

7:28AM Barr Pharma beats by $0.11, beats on revs; reaffirms FY08 EPS guidance (BRL) 66.97 : Reports Q2 (Jun) earnings of $0.64 per share, excluding non-recurring items, $0.11 better than the First Call consensus of $0.53; revenues rose 22.9% year/year to $779 mln vs the $627.8 mln consensus. Co reaffirms guidance for FY08, sees EPS of $2.75-3.05 vs. $2.80 consensus.

7:10AM Corrections Corp beats by $0.01, reports revs in-line; guides Q3 EPS below consensus; guides Q4 (Dec) EPS in-line; guides FY08 EPS below consensus (CXW) 28.26 : Reports Q2 (Jun) earnings of $0.30 per share, $0.01 better than the First Call consensus of $0.29; revenues rose 10.2% year/year to $399.6 mln vs the $395.9 mln consensus. Co issues downside guidance for Q3, sees EPS of $0.29-0.31 vs. $0.33 consensus. Co issues in-line guidance for Q4 (Dec), sees EPS of $0.33-0.35 vs. $0.35 consensus. Co issues downside guidance for FY08, sees EPS of $1.21-1.24 vs. $1.25 consensus. "While we are excited about the growth prospects offered by our contract with the California Department of Corrections and Rehabilitation, we have experienced delays in the intake of inmates under our contract, compared to our previous expectations... we have lowered our occupancy and revenue forecast for the remainder of 2008 primarily as a result of these delays."

7:10AM Consolidated Comms Illinois beats by $0.06, beats on revs (CNSL) 13.67 : Reports Q2 (Jun) earnings of $0.22 per share, excluding non-recurring items, $0.06 better than the First Call consensus of $0.16; revenues rose 31.5% year/year to $106.4 mln vs the $104.5 mln consensus. For 2008, the Company provides the following updated full year guidance: Capital expenditures are now expected to be in the range of $46.5 million to $48.0 million, including $2.0 million associated with integration related capital expenditures. This has been lowered from previous guidance of $46.5 million to $49.5 million. The cash interest expense continues to be in the expected range of $64.0 million to $67.0 million. Cash income taxes are expected to be in the range of $12.0 million to $15.0 million.

7:09AM OM Group reports Q2 (Jun) results, beats on revs (OMG) 29.70 : Reports Q2 (Jun) earnings of $1.86 per share, includes items, may not be comparable to the First Call consensus of $1.80; revenues rose 120.8% year/year to $510.8 mln vs the $494.4 mln single estimate. Included in these results are discontinued operations, which showed a loss of $0.4 million in the second quarter of 2008.

7:07AM ISIS Pharm beats by $0.03, beats on revs (ISIS) 17.33 : Reports Q2 (Jun) loss of $0.02 per share, $0.03 better than the First Call consensus of ($0.05); revenues rose 765.1% year/year to $33 mln vs the $26.2 mln consensus.

7:06AM Swift Energy beats by $0.27, beats on revs (SFY) 48.23 : Reports Q2 (Jun) earnings of $2.66 per share, $0.27 better than the First Call consensus of $2.39; revenues rose 67.9% year/year to $262.7 mln vs the $247.4 mln consensus.

7:06AM Cardinal Health beats by $0.02, misses on revs; guides Q1 EPS below consensus; guides FY08 EPS above consensus; exploring spin-off of Clinical And Medical Products businesses (CAH) 54.51 : Reports Q4 (Jun) earnings of $0.97 per share, $0.02 better than the First Call consensus of $0.95; revenues rose 3.0% year/year to $22.93 bln vs the $23.17 bln consensus. Co issues downside guidance for Q1, sees EPS of $0.70 vs. $0.94 consensus. Co issues upside guidance for FY08, sees EPS of $3.80-3.95 vs. $3.78 consensus. For fiscal 2009, the company expects revenue growth of 6-7%. Cardinal Health also announces that its board of directors has supported a management recommendation to actively explore a potential separation of the company's primary operating and reporting segments, which could involve a tax-free spin-off of the clinical and medical products businesses as a separate, publicly traded company. Cardinal Health plans to announce its decision within approximately 60 to 90 days.