Earnings - 28th May 2009

4:04PM J. Crew beats by $0.23, beats on revs; guides Q2 EPS above consensus (JCG) 20.37 +0.20 : Reports Q1 (Apr) earnings of $0.34 per share, excluding non-recurring items, $0.23 better than the First Call consensus of $0.11; revenues rose 1.5% year/year to $345.8 mln vs the $322.1 mln consensus. Co issues upside guidance for Q2, sees EPS of 0.08-0.12 vs. ($0.02) consensus. Inventories at the end of the quarter were $193.9 mln, reflecting the impact of 43 net stores opened since the first quarter of fiscal 2008. Inventory per square foot was flat to last year at the end of the first quarter of fiscal 2008.

8:06AM Trina Solar beats by $0.10, misses on revs (TSL) : Reports Q1 (Mar) earnings of $0.02 per share, excluding non-recurring items, $0.10 better than the First Call consensus of ($0.08); revenues rose 9.5% year/year to $132.1 mln vs the $142.5 mln consensus. Gross margin was 17.2%, exceeding the Company's previous guidance of between 15% and 17%, compared to 9.6% in the fourth quarter of 2008 For the second quarter of 2009, the Company expects to ship between 60 MW to 65 MW of PV modules. The Company believes gross margin for the second quarter will likely be between 18% and 20%. For the full year of 2009 the Company reiterates the guidance for total PV module shipments between 350 MW to 400 MW, representing an increase of 74% to 99% from 2008. As of March 31, 2009, the Company had $194.1 million in cash and cash equivalents, and restricted cash. TheCompany's working capital balance was $81.8 million. Total bank borrowings stood at $320.2 million, of which $14.6 million were long-term borrowings. Shareholders' equity was $423.4 million, compared to $433.1 million as of December 31, 2008. As of April 30, 2009 the Company's total short term credit lines increased to approximately $523 million, which includes approximately $183 million of unused available credit line. The Company increased its foreign currency hedging program during the first quarter of 2009 using foreign currency forward contracts between the Euro and the US dollar, with the goal of mitigating, to some extent, the effects of exchange rate volatility.

8:02AM Freeseas beats by $0.04 (FREE) 2.19 : Reports Q1 (Mar) earnings of $0.29 per share, $0.04 better than the First Call consensus of $0.25; revenues rose 103.7% year/year to $17.6 mln vs the $17.9 mln consensus. Co said, "We have focused on securing attractive rates for our vessels currently operating in the spot market, and are benefiting from the favorable time charter agreements made by the Company last year and that were extended in the first quarter of 2009. We are also very pleased with the upward turn in the Baltic Dry Index, which we feel only begins to explain the potential rate of expansion for operators of Handysize vessels. According to available market data, the worldwide Handysize fleet has been shrinking since the third quarter of 2008. The Handysize segment in which FreeSeas operates is the only dry bulk segment where scrapping exceeded newbuildings, a trend we expect to continue due to the average older age of the segment's fleet. While we acknowledge that numerous challenges remain, we continue to see support in recent weeks towards more favorable rates and are encouraged by the improving strength in the charter market. As a result of this reasonable optimism, our solid results in the first quarter, and our existing charter agreements,we expect to achieve profitability throughout 2009."

7:35AM Genesco beats by $0.13, beats on revs; reaffirms FY10 EPS guidance (GCO)23.70 : Reports Q1 (Apr) earnings of $0.17 per share, excluding non-recurring items, $0.13 better than the First Call consensus of $0.04; revenues rose 3.8% year/year to $370.4 mln vs the $355.7 mln consensus. Co reaffirms guidance for FY10, sees EPS of $1.70-1.80 vs. $1.59 consensus. Co said, "Given the current economic environment, we are pleased with our better than expected performance in the first quarter. Our ability to deliver these results in such turbulent times highlights the benefits of our diversified operating model and the strength and experience of our management team. Both the Journeys Group and Hat World posted strong comparable store sales and operating earnings increases during the quarter. Licensed brands sales were also solid, up 15%. However, Johnston & Murphy and Underground Station remained weak for the first quarter." 

7:03AM Monro Muffler reports EPS in-line, revs in-line; guides Q1 EPS in-line; guides FY10 EPS in-line (MNRO) 26.93 : Reports Q4 (Mar) earnings of $0.15 per share, in-line with the First Call consensus of $0.15; revenues rose 9.3% year/year to $117.1 mln vs the $117 mln consensus. Co issues in-line guidance for Q1, sees EPS of $0.42-0.47 vs. $0.46 consensus.  For Q1 co anticipates comparable store sales growth in the range of 4-7%.  Co issues in-line guidance for FY10, sees EPS of $1.30-1.45 vs. $1.44 consensus. For FY10 Co sees comparable store sales growth of 4-7%.

6:36AM Sanderson Farms beats by $0.72, beats on revs (SAFM) 42.04 : Reports Q2 (Apr) earnings of $1.27 per share, $0.72 better than the First Call consensus of $0.55; revenues fell 1.6% year/year to $426.8 mln vs the $408.7 mln consensus. Jumbo wing prices remained strong and averaged $1.39 per pound during 2Q09, compared with the average of $0.97 per pound during 2Q08. Co says, "Much of the market improvement is due to production cuts and resulting reduced supply of chicken in the market. Demand for chicken at retail grocery stores remains strong and the export market improved compared to our first quarter. However, as in the previous two quarters, demand from some food service customers has been adversely affected by the economic downturn, as demand for protein consumed away from home remains soft. We also benefited from lower feed costs during the quarter compared with a year ago. We are cautiously optimistic as we head into the summer months and what is typically a period of better demand for chicken. Broiler egg sets have continued to be lower, which indicates continued lower supply levels. While our industry has never gone through the summer demand season with 5-6% less chicken, we have also never gone through the summer months with the economy and the American consumers as uncertain and cautious as they are today."

5:59AM Big Lots beats by $0.04, reports revs in-line; guides Q2 EPS in-line; guides FY10 EPS in-line (BIG) 23.65 : Reports Q1 (Apr) earnings of $0.44 per share, $0.04 better than the First Call consensus of $0.40; revenues fell 0.9% year/year to $1.14 bln vs the $1.13 bln consensus. Co issues in-line guidance for Q2, sees EPS of $0.26-0.32, excluding non-recurring items, vs. $0.30 consensus. Co anticipates Q2 comparable store sales will decrease 1-3%. Co issues in-line guidance for FY10, sees EPS of $1.85-1.95, excluding non-recurring items, vs. $1.88 consensus.

4:13AM Frontline beats by $0.27, beats on revs (FRO) 22.82 : Reports Q1 (Mar) earnings of $0.97 per share, excluding non-operating items, $0.27 better than the First Call consensus of $0.70; revenues fell 32.4% year/year to $356.6 mln vs the $299.8 mln consensus.

Earnings- 4th March 2009

4:50PM Giant Interactive beats by $0.08, beats on revs (GA) 6.57 +0.18 : Reports Q4 (Dec) earnings of $0.18 per share, $0.08 better than the First Call consensus of $0.10; revenues rose 33.2% year/year to $51.7 mln vs the $48.3 mln consensus. Co says based on the current estimates, GA expects to generate total net revenue for Q1 2009 in the range of RMB370-RMB388 mln.

4:36PM American Commercial Lines beats by $0.09, misses on revs (ACLI) 2.58 -0.12 : Reports Q4 (Dec) earnings of $0.47 per share, $0.09 better than the First Call consensus of $0.38; revenues fell 4.2% year/year to $289.9 mln vs the $310.5 mln consensus. Co said,  "We recognize that the economic environment is going to remain difficult, so we remain cautious about our 2009 outlook. As a consequence, we are continuing and accelerating efforts to drive costs out of the business in every area. We have frozen salaries for 2009. Last week we implemented a reduction of approximately 15% of our land-based salaried headcount which is expected to generate annualized savings of $9.1 million, and approximately $3.3 million in 2009 after related severance and other costs, including the estimated cost of approximately $2.5 million of closing the Houston office, primarily a non-cash charge for the write-off of office leasehold improvements. With the amendment of our credit facility, extending the term through March 31, 2011, we believe we have the flexibility and liquidity to operate strategically through today's challenging economic conditions, allowing us to concentrate on achieving our business objectives."

4:21PM Adobe Systems announces prelim Q1 results; sees Q1 EPS of $0.44-0.45 vs $0.42 First Call consensus; revs of $783-786 mln vs $792.02 mln First Call consensus (ADBE) 16.32 +0.34 : The co lowers Q1 guidance, sees Q1 EPS of $0.44-0.45 vs $0.42 First Call consensus; revs of $783-786 mln vs $792.02 mln First Call consensus. Sees Q2 revs $675-725 mln vs $776.27 mln First Call consensus. The co cited weakness in its creative and knowledge worker businesses as the primary reason for the revenue shortfall. Seasonal strength in Japan, as well as continued success with its LiveCycle enterprise business, helped to offset some of the weakness in the quarter. "Despite worsening market conditions, we were able to manage expenses to deliver earnings and margin results within the target ranges we provided at the outset of the quarter," said Shantanu Narayen, president and chief executive officer... Co is targeting a Q2 operating margin range of 21-26% on a GAAP basis, and 32-36% on a non-GAAP basis.

4:09PM Gymboree beats by $0.02, reports revs in-line; guides Q1 EPS below consensus (GYMB) 22.66 -1.37 : Reports Q4 (Jan) earnings of $1.00 per share, $0.02 better than the First Call consensus of $0.98. Co issues downside guidance for Q1, sees EPS of $0.18-0.25 vs. $0.76 consensus. Co expects the current challenging retail selling environment to continue throughout fiscal 2009 making it very difficult to anticipate quarterly sales. In light of this uncertainty, co plans to provide guidance only one quarter at a time during fiscal 2009. For the first quarter of fiscal year 2009, co is planning for negative comparable store sales in the range of 20 to 25% due in large part to the continuing difficult retail selling environment and the temporary impact of the recently enacted regulations on current product assortments.

4:07PM Sigma Designs beats by $0.20, beats on revs (SIGM) 14.21 +0.08 : Reports Q4 (Jan) earnings of $0.38 per share, excluding non-recurring items, $0.20 better than the First Call consensus of $0.18; revenues fell 38.1% year/year to $47.3 mln vs the $43.5 mln consensus. Co says, "The IPTV market is showing resiliency to the current economic turmoil and we are confident that it will continue to demonstrate strength throughout this year. We are also pursuing design activity in the cable industry and helping to drive the transition to Tru2way IP cable solutions which we believe will increase our market opportunities. We are also pushing forward with our consumer products agenda by working with a wide range of vendors for Blu-ray player designs, digital media adapter products and UWB-based devices. Additionally, we are excited about our recent acquisition of the Z-Wave? brand home control products and anticipate a growing synergy within the set-top box market,"

7:32AM Almost Family beats by $0.06, beats on revs (AFAM) 18.10 : Reports Q4 (Dec) earnings of $0.62 per share, $0.06 better than the First Call consensus of $0.56; revenues rose 84.4% year/year to $66.2 mln vs the $59.7 mln consensus. "Our success during the quarter was highlighted by 84% total revenue growth and 47% growth in our VN segment. We have been extremely successful during the year rolling out our Senior Advocacy Mission to all of our existing and a branches."

7:03AM Joy Global beats by $0.07, misses on revs; reaffirms FY09 EPS guidance, revs guidance (JOYG) 15.85 : Reports Q1 (Jan) earnings of $0.83 per share, $0.07 better thanthe First Call consensus of $0.76; revenues rose 18.0% year/year to $755 mln vs the $782.3 mln consensus. Co reaffirms guidance for FY09, sees EPS of $3.60-4.00 vs. $3.51 consensus; sees FY09 revs of $3.5-3.7 bln vs. $3.45 bln consensus. Bookings in the first quarter were $538 million compared to $870 million in last year's first quarter. Although co continues to believe that the path toward industrialization of emerging markets will drive high rates of commodity demand over the long term, it also expects the near-term markets to remain uncertain and volatile. Co continues to take precautionary steps to reduce its risk exposure through expense controls and reduction of operating costs. These efforts include hiring freezes, control of discretionary expense, aggressive management of its supply chain, and more critical reviews of the financial stability of its operating partners, including suppliers, subcontractors and customers. Just as the Company expects the conditions of uncertainty and volatility to persist through 2009, it also expects the booking rates for its original equipment during this period to remain substantially below the comparable booking levels of 2008. The Company believes that lower demand for its original equipment could persist for a period longer than that covered by its current backlog, and is therefore developing plans to ensure it fulfills its commitments to customers and investors during 2009 while reducing the scale and scope of the business to be appropriate for the range of market conditions that could exist in fiscal 2010.

6:08AM Big Lots beats by $0.07, reports revs in-line; guides Q1 EPS above consensus; guides FY10 EPS above consensus (BIG) 14.54 : Reports Q4 (Jan) earnings of $1.00 per share, excluding discontinued operations, $0.07 better than the First Call consensus of $0.93; revenues fell 3.2% year/year to $1.37 bln vs the $1.36 bln consensus. Co issues upside guidance for Q1, sees EPS of 0.34-0.40, excluding non-recurring items, vs. $0.35 consensus. Co issues upside guidance for FY10, sees EPS of $1.75-1.90, excluding non-recurring items, vs. $1.74 consensus. Co estimates Q1 comparable store sales will decrease 1-3% which is consistent with quarter to date trends experienced through March 3, 2009.

3:50AM Costco misses by $0.04, reports revs in-line; reports February comparable store sales decreased 3.0% vs -3.8% consensus (COST) 40.69 : Reports Q2 (Feb) earnings of $0.55 per share, $0.04 worse than the First Call consensus of $0.59; revenues fell 0.7% year/year to $16.84 bln vs the $16.85 bln consensus. Comparable store sales for Q209 declined 3.0%. Excluding the negative impacts from gasoline and F/X, comparable sales for Q2 increased 5.0%. February comparable store sales decreased 3.0% vs -3.8% consensus. Excluding negative impacts from gasoline deflation and F/X, comparable store sales for February increased 5.0%.

Earnings - 26th Aug 2008

4:07PM J. Crew misses by $0.04, reports revs in-line; guides Q3 EPS below consensus; lowers FY09 EPS guidance (JCG) 26.64 +1.03 : Reports Q2 (Jul) earnings of $0.28 per share, $0.04 worse than the First Call consensus of $0.32; revenues rose 10.3% year/year to $336.2 mln vs the $337.9 mln consensus. Co says gross margin decreased to 41.0% of revenues from 43.7% of revenues in the second quarter of fiscal 2007. Co issues downside guidance for Q3, sees EPS of $0.28-0.33 vs. $0.46 consensus. Co issues downside guidance for FY09, sees EPS of $1.44-1.54 down from previous guidance of $1.70-1.75 vs. $1.71 consensus. Co says " ... based upon the disruption to our Direct business, as well as the continued softness in our Stores business due to the macro economic environment, we are revising our guidance for fiscal 2008. The Direct systems upgrades impacted our Direct sales trend, limited our ability to leverage our multi-channel platform and resulted in incremental expenses..." The co's revised expectations for 2H08 include comparable store sales growth in the range of flat to slightly negative, Direct sales growth in the high single-digits and net square footage expansion of approx 10% to 11%.

4:04PM Hain Celestial beats by $0.02, beats on revs; guides FY09 EPS in-line, revs above consensus (HAIN) 24.99 +0.15 : Reports Q4 (Jun) earnings of $0.34 per share, excluding non-recurring items, $0.02 better than the First Call consensus of $0.32; revenues rose 25.2% year/year to $278.3 mln vs the $264.3 mln consensus. Co issues mixed guidance for FY09, sees EPS of $1.54-1.61 vs. $1.60 consensus; sees FY09 revs of $1.2-1.3 bln vs. $1.17 bln consensus. Similar to fiscal year 2008, the Company expects to incur $0.08 per share in stock compensation expense to amortize equity grants made this past fiscal year in fiscal year 2009. A recently announced price increase in the United States is expected to have a positive impact on margin beginning with the Company's second quarter of fiscal year 2009.

4:03PM Applied Signal beats by $0.01, beats on revs (APSG) 14.72 -0.59 : Reports Q3 (Jul) earnings of $0.15 per share, $0.01 better than the First Call consensus of $0.14; revenues rose 26.3% year/year to $49.9 mln vs the $46.4 mln consensus.


8:38AM Daktronics beats by $0.05, beats on revs; reaffirms FY09 rev guidance (DAKT) 18.11 : Reports Q1 (Jul) earnings of $0.22 per share, excluding $977K gain on property sale, vs consensus of $0.17; revenues rose 33.3% year/year to $161.2 mln vs the $141.5 mln consensus. The co is reiterating its financial guidance for fiscal 2009. Daktronics expects that net sales will increase by more than 20% over fiscal 2008 (equates to ~$599.60 mln vs. $598.87 mln consensus) and operating margin will range from 8.0-9.5%. The growth of net sales depends on a number of large contracts, particularly in our live events and international business units, which could cause this growth level to change. Operating margin may vary, primarily as a result of fluctuations in gross profit levels. This guidance is subject to a number of factors that could cause it to vary, and investors should refer to our filings with the Securities and Exchange Commission for a more complete list of risk factors.

7:48AM Corinthian Colleges beats by $0.02, reports revs in-line; guides Q1 EPS in-line, revs above consensus; guides FY09 EPS above consensus, revs in-line (COCO) 16.21 : Reports Q4 (Jun) earnings of $0.11 per share, ex-items, $0.02 better than the First Call consensus of $0.09; revenues rose 18.3% year/year to $274 mln vs the $276.6 mln consensus. Total student population at fiscal year-end was 69,211 versus 61,332, an increase of 12.8%. Total student starts were 23,015 versus 20,643, an increase of 11.5%. Including discontinued operations, starts increased 7.2%. Co issues mixed guidance for Q1, sees EPS of $0.06-$0.08 vs. $0.08 consensus; sees Q1 revs of $285-$290 mln vs. $283.31 mln consensus. Co issues mixed guidance for FY09, sees EPS of $0.58-$0.63 vs. $0.55 consensus; sees FY09 revs of $1.21-$1.25 bln vs. $1.22 bln consensus.

7:47AM American Eagle beats by $0.01, misses on revs; guides Q3 EPS below consensus (AEO) 13.74 : Reports Q2 (Jul) earnings of $0.29 per share, $0.01 better than the First Call consensus of $0.28; revenues fell 2.0% year/year to $688.8 mln vs the $705.5 mln consensus. Co issues downside guidance for Q3, sees EPS of $0.31-0.36 vs. $0.39 consensus, with the view that the business environment remains challenging through the 2H. "While the consumer environment is clearly challenging, we are taking steps to invigorate our business. We are strengthening our competitive position by underscoring AE's value pricing, which is consistent with our heritage of great value together with excellent quality. Additionally, we are driving improvements within our merchandise assortments. Yet, we are managing to the current macro environment, with tight inventories and we continue to pursue expense opportunities. As I look ahead to 2009 and beyond, I have tremendous confidence in the strength of our brands, our teams, and that we are positioning our company for improved financial performance, future growth and success."

7:33AM Chico's FAS beats by $0.01, reports revs in-line (CHS) 4.98 : Reports Q2 (Jul) earnings of $0.04 per share, $0.01 better than the First Call consensus of $0.03; revenues fell 7.1% year/year to $405.2 mln vs the $405.3 mln consensus. "The retail environment continues to be challenging as customers remain increasingly cautious in their spending across the entire retail sector, especially in the missy category. While we anticipate consolidated comparable store sales for the fall season to remain negative, we expect to see an improvement in trend and continue to believe we will be profitable in the second half."


7:04AM Smithfield Foods beats by $0.02, beats on revs (SFD) 23.53 : Reports Q1 (Jul) loss of $0.02 per share, excluding non-recurring items, $0.02 better than the First Call consensus of ($0.04); revenues rose 20.1% year/year to $3.14 bln vs the $2.87 bln consensus. "Looking forward to the remainder of fiscal 2009, the future is uncertain. Even as hog prices recently have risen and grain markets have moderated somewhat, the delayed impact of grain costs will result in continued elevated raising costs," he said. The volatile nature of both the domestic and world markets for meat prices and grains, combined with uncertainty surrounding the economy and the U.S. dollar, make any prediction of future results very difficult. However, we continue to pursue our long-term strategy of emphasizing our packaged meats business and improving our fresh meat operations. This strategy is working and is improving the base of our business."

6:39AM Sanderson Farms misses by $0.09, reports revs in-line (SAFM) 39.49 : Reports Q3 (Jul) loss of $0.09 per share, excluding settlement payment, $0.09 worse than the First Call consensus of ($0.00); revenues rose 18.3% year/year to $466.9 mln vs the $464.8 mln consensus.

6:06AM Big Lots beats by $0.05, reports revs in-line; guides Q3 EPS in-line; guides Q4 (Jan) EPS in-line; guides FY09 EPS in-line (BIG) 33.06 : Reports Q2 (Jul) earnings of $0.32 per share, $0.05 better than the First Call consensus of $0.27; revenues rose 1.9% year/year to $1.11 bln vs the $1.1 bln consensus. Co issues in-line guidance for Q3, sees EPS of $0.15-0.19, excluding non-recurring items, vs. $0.18 consensus. Co issues in-line guidance for Q4 (Jan), sees EPS of $1.02-1.09, excluding non-recurring items, vs. $1.03 consensus. Co issues in-line guidance for FY09, sees EPS of $1.90-2.00, excluding non-recurring items, vs. $1.90 consensus. For Q308 and Q408, co anticipates a 1%-2% comparable store sales increase.

Earnings - 7th Aug 2008 (1)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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