Earnings -29th April 2009 (2)

4:23PM AvalonBay beats by $0.06; guides Q2 FFO in-line (AVB) 58.04 +1.90 : Reports Q1 (Mar) funds from operations of $1.26 per share, excluding gain, $0.06 better than the First Call consensus of $1.20. Including discontinued operations, total revenue increased by $3,491,000, or 1.6% to $219,679,000. Co issues in-line guidance for Q2, sees FFO of $1.16-1.20 vs. $1.16 consensus.

4:22PM Trinity Industries beats by $0.04, beats on revs (TRN) 13.46 +1.05 : Reports Q1 (Mar) earnings of $0.28 per share, excluding $0.15 per common diluted share resulting from the sale at the end of the first quarter of $132.1 million of railcars by its railcar leasing business, $0.04 better than the First Call consensus of $0.24; revenues fell 11.7% year/year to $793.5 mln vs the $661.4 mln consensus. "We are focused on rapidly adapting to the lower product volumes that have resulted from the current economic environment. Our employees have responded well to this difficult task. While certain of our businesses did well, the first quarter was challenging for several of our other businesses. Our customers continue to be cautious as they try to get a better sense of the economy's direction."

4:22PM Covance beats by $0.02, beats on revs; guides FY09 EPS below consensus (CVD) 40.29 +1.86 : Reports Q1 (Mar) earnings of $0.63 per share, $0.02 better than the First Call consensus of $0.61; revenues rose 7.0% year/year to $441.2 mln vs the $429.4 mln consensus. Co issues downside guidance for FY09, sees EPS of $2.50-$2.70 vs. $2.88 consensus, and vs prior guidance of $3.00-$3.20. Co states, "...However, first quarter results in Early Development were well below our expectations and, while we believe a bottoming of demand is underway, we expect growth to return later and slower than originally projected and from a lower base of revenue. As a result, we are now lowering our 2009 revenue growth rate expectation to the single-digit range..."

4:17PM Agnico-Eagle Mines beats by $0.26, beats on revs (AEM) 46.02 +0.72 : Reports Q1 (Mar) earnings of $0.35 per share, $0.26 better than the consensus estimate of $0.09; revenues fell 10.5% year/year to $110.7 mln vs the $71.8 mln single analyst estimate. Payable gold production(1) in the first quarter of 2009 was a record 91,812 ounces at total cash costs per ounce(2) of $312. This compares with payable gold production of 50,892 ounces, at total cash costs per ounce of minus $399 in the first quarter of 2008.

4:16PM Nutrisystem misses by $0.02, misses on revs (NTRI) 15.09 +0.58 : Reports Q1 (Mar) earnings of $0.31 per share, $0.02 worse than the First Call consensus of $0.33; revenues fell 24.8% year/year to $162.7 mln vs the $177.3 mln consensus.

4:14PM Visa beats by $0.09, beats on revs; affirms financial outlook through 2010 (V)63.51 +2.80 : Reports Q2 (Mar) earnings of $0.73 per share, $0.09 better than the First Call consensus of $0.64; revenues rose 13.4% year/year to $1.65 bln vs the $1.61 bln consensus. Payments volume growth, on a nominal basis, was a negative 1% over the prior year at $675 bln; total volume, on a nominal basis and inclusive of cash volume, was $1.1 trillion, flat over the prior year. Visa  updates its financial outlook for annual adjusted operating margin in the low 50% range. Visa affirms its financial outlook annual net revenue growth of high single digits in 2009 and at the lower end of the 11% to 15% range in 2010, given certain economic recovery assumptions; co sees annual adjusted diluted class A common stock earnings per share growth of greater than 20%. Co says, "Despite the challenging economy, Visa continued to post strong operational and financial performance during our fiscal second quarter, and we remain confident in delivering our EPS guidance for FY 2009." Co also announces that it intends to file a universal shelf registration statement on Form S-3 with the SEC.  Although the Co expects to have the flexibility under the universal shelf to quickly access the capital markets with either equity or debt security offerings, Visa has no immediate plans to issue any such securities.

4:13PM SurModics beats by $0.05, beats on revs (SRDX) 18.75 +0.24 : Reports Q2 (Mar) earnings of $0.24 per share, $0.05 better than the First Call consensus of $0.19; revenues fell 18.7% year/year to $20.9 mln vs the $20.5 mln consensus.

4:12PM ManTech misses by $0.01, misses on revs; guides Q2 EPS in-line, revs below consensus; guides FY09 EPS in-line, revs below consensus (MANT) 43.22 +1.18 : Reports Q1 (Mar) earnings of $0.68 per share, $0.01 worse than the First Call consensus of $0.69; revenues rose 5.8% year/year to $449.6 mln vs the $495.2 mln consensus. Co issuesmixed guidance for Q2, sees EPS of $0.71-$0.74 vs. $0.73 consensus; sees Q2 revs of $480-$510 mln vs. $529.45 mln consensus. Co issues mixed guidance for FY09, sees EPS of $2.91-$3.01 vs. $2.98 consensus; sees FY09 revs of $2.00-$2.075 bln vs. $2.14 bln consensus.

4:08PM Human Genome beats by $0.31, beats on revs (HGSI) 1.39 +0.06 : Reports Q1 (Mar) earnings of $0.85 per share, $0.31 better than the First Call consensus of $0.54; revenues rose 1341.5% year/year to $177.3 mln vs the $150.4 mln consensus. 2008. Revenues included $153.8 million recognized upon the sale and delivery of ABthrax to the U.S. Strategic National Stockpile, $9.0 million recognized from the Syncria agreement with GSK, $8.9 million recognized from the Albuferon agreement with Novartis and $1.6 million recognized from the LymphoStat-B agreement with GSK.

4:08PM Citrix Systems beats by $0.01, beats on revs, issues 2Q09 guidance (CTXS)25.65 -0.19 : Reports Q1 (Mar) earnings of $0.32 per share, $0.01 better than the First Call consensus of $0.31; revenues fell 2.1% year/year to $369 mln vs the $359.2 mln consensus. Citrix expects to achieve the following results during its second fiscal quarter 2009 ending June 30, 2009: Net revenue is expected to be flat to slightly down compared to the net revenue reported for the second quarter of 2008; and, Non-GAAP operating margin is expected to increase between 100 and 150 basis points compared to the second quarter 2008, excluding the effects of amortization of intangible assets primarily related to business combinations, stock-based compensation expense, and restructuring charges. In addition to quarterly financial results, Citrix also announced that its board of directors has authorized it to repurchase up to an additional $300 million of its common stock.

4:08PM Digital River beats by $0.05, beats on revs; guides Q2 EPS below consensus, revs above consensus (DRIV) 36.35 +1.53 : Reports Q1 (Mar) earnings of $0.56 per share, excluding non-recurring items, $0.05 better than the First Call consensus of $0.51; revenues fell 0.7% year/year to $102.9 mln vs the $98.8 mln consensus. Co issues mixed guidance for Q2, sees EPS of $0.39-0.42, excluding non-recurring items, vs. $0.44 consensus; sees Q2 revs of $95-97 mln vs. $95.15 mln consensus. "We are very encouraged by the solid growth in our pipeline, the high caliber of companies that we are adding to our client list, and the moderate sequential increase we saw in e-commerce sales activity.

4:06PM Akamai Tech beats by $0.03, reports revs in-line; announces $100 mln stock buyback (AKAM) 20.06 +0.46 : Reports Q1 (Mar) earnings of $0.43 per share, $0.03 better than the First Call consensus of $0.40; revenues fell 1.0% year/year to $210.4 mln vs the $208.5 mln consensus. AKAM announces $100 mln stock buyback, to be funded by cash from operations. The Company plans to use this program over the next several quarters to roughly offset dilution created by ongoing equity compensation programs. "The Board's authorization of a share repurchase program reflects our continued confidence in the future of our business and our focus on providing an attractive return on investment to our shareholders... We plan to fund this program out of our operating cash flow while maintaining flexibility to make strategic investments, which is a testament to our belief in the strength of our business." Cash from operations was $90.5 million in the first quarter of 2009, up 3 percent over 2008 first quarter cash from operations of $88.0 million. At the end of the first quarter of 2009, the Company had approximately $848.5 million in cash, cash equivalents and marketable securities.

4:06PM Amkor beats by $0.16, beats on revs; guides Q2 EPS above consensus, revs above consensus (AMKR) 4.06 +0.26 : Reports Q1 (Mar) loss of $0.12 per share, $0.16 better than the First Call consensus of ($0.28). Co issues upside guidance for Q2, sees EPS of -0.04 to $0.00 vs. ($0.25) consensus; sees Q2 revs to increase 18% to 22% from the first quarter, which calculates to roughly $459.02-$474.58 mln vs. $419.12 mln consensus. Co says "Our sales were adversely impacted by the sharp global economic downturn and weakness in consumer demand. However, there remains significant uncertainty regarding the full scope and duration of the current downturn, and it is difficult to predict future results in this very challenging economic environment... Gross margin for the first quarter of 2009 was 12%, and we expect that gross margin for the second quarter of 2009 will be between 17% and 19%. In the current environment, we are focused on gross margin and cash flows. Starting in early 2008, we began implementing wide-ranging, but carefully selected cost reduction measures to align our cost structure with decreasing levels of demand. Our first quarter operating results compared to the fourth quarter of 2008 benefited by approximately $55 million from these cost reduction programs,"

4:05PM Express Scripts beats by $0.04, reports revs in-line; guides FY09 EPS in-line (ESRX) 60.45 -0.50 : Reports Q1 (Mar) earnings of $0.86 per share, $0.04 better than the First Call consensus of $0.82; revenues fell 1.2% year/year to $5.42 bln vs the $5.4 bln consensus. Co issues in-line guidance for FY09, sees EPS of $3.67-3.77 vs. $3.68 consensus. This guidance range excludes NextRx transaction-related costs and NextRx results after the transaction closes.

4:05PM International Coal beats by $0.02, misses on revs (ICO) 1.97 +0.08 : Reports Q1 (Mar) earnings of $0.02 per share, $0.02 better than the First Call consensus of ($0.00); revenues rose 21.1% year/year to $305 mln vs the $309.2 mln consensus. Margin per ton sold increased 144% to $8.94 in the first quarter of 2009, compared to $3.67 for the same period last year, due to higher realized prices and improved cost performance. For 2009, the co expects to sell approximately 19.3 million to 19.9 million tons of coal. The average selling price is projected to be $59.50 to $60.00 per ton. The projected average cost per ton sold is $49.25 to $50.75, excluding selling, general and administrative expenses. The co expects coal production to be approximately 18.5 million to 19.1 million tons. For 2010, based upon the recent weakness in coal demand, the company expects to sell 18.5 million to 19.5 million tons of coal. Coal production is expected to total 18.0 million to 19.0 million tons. However, the Co plans to maintain idled mines in a status that allows timely reactivation if 2010 market demand is sufficient to support greater Central Appalachian production. Due to the high degree of market uncertainty, the co is not offering revenue or cost guidance for 2010. The Company anticipates 2009 capital expenditures of approximately $90-$95 million.

4:03PM Varian Medical beats by $0.04, misses on revs; guides Q3 EPS in-line; guides FY09 EPS in-line (VAR) : Reports Q2 (Mar) earnings of $0.64 per share, $0.04 better thanthe First Call consensus of $0.60; revenues rose 6.8% year/year to $553.6 mln vs the $562.3 mln consensus. Co issues in-line guidance for Q3, sees EPS of $0.61-0.65 vs. $0.63 consensus. Co issues in-line guidance for FY09, sees EPS of $2.50-2.60 vs. $2.56 consensus.

4:03PM First Solar beats by $0.48, beats on revs (FSLR) 151.67 +5.01 : Reports Q1 (Mar) earnings of $1.99 per share, $0.48 better than the First Call consensus of $1.51; revenues rose 112.4% year/year to $418.2 mln vs the $403.4 mln consensus.

4:02PM Itron misses by $0.19, reports revs in-line (ITRI) 51.35 +3.18 : Reports Q1 (Mar) earnings of $0.33 per share, $0.19 worse than the First Call consensus of $0.52; revenues fell 18.6% year/year to $389 mln vs the $392.3 mln consensus. New order bookings for the first quarter of 2009 were $625 mln, compared with $484 mln in the first quarter of 2008. Our book-to-bill ratios were 1.6 to 1 and 1.02 to 1 for the first quarter of 2009 and 2008, respectively.

8:21AM Affiliated Managers beats by $0.02, misses on revs (AMG) 44.68 : Reports Q1 (Mar) "cash" earnings of $0.94 per share, excluding non-recurring items, $0.02 better thanthe First Call consensus of $0.92; revenues fell 46.7% year/year to $178.5 mln vs the $194.5 mln consensus.

8:06AM CenterPoint misses by $0.12, beats on revs; reaffirms FY09 EPS guidance (CNP) 10.74 : Reports Q1 (Mar) earnings of $0.19 per share, $0.12 worse than the First Call consensus of $0.31; revenues rose 21.6% year/year to $3.36 bln vs the $3.26 bln consensus. Co reaffirms guidance for FY09, sees EPS of $1.05-1.15 vs. $1.09 consensus.

Earnings - 28th Aug 2008

5:56PM Citrix Systems guides Q3 and FY08 EPS in-line with consensus in an 8-K (CTXS) 30.47 +0.51 : Co guides, in an 8-K, Q3 EPS of $0.36-0.39 vs. $0.38 First Call consensus; guides FY08 EPs of $1.54-1.60 vs. First Call consensus of $1.57.

4:18PM OmniVision misses by $0.03, beats on revs; guides Q2 EPS below consensus, revs below consensus; Peter Leigh to retire as CFO (OVTI) 10.84 -0.35 : Reports Q1 (Jul) earnings of $0.25 per share, $0.03 worse than the First Call consensus of $0.28; revenues rose 3.1% year/year to $174.3 mln vs the $171.4 mln consensus. Co issues downside guidance for Q2, sees EPS of $0.13-0.25 vs. $0.35 consensus; sees Q2 revs of $160-180 mln vs. $190.86 mln consensus. The co also announces that its chief financial officer, Peter Leigh, has informed the co of his intention to retire, effective September 30, 2008. In conjunction with Mr. Leigh's retirement, the co also announces that it has appointed Anson Chan, OmniVision's vice president of finance, to the position of chief financial officer.

4:10PM Marvell beats by $0.02, reports revs in-line (MRVL) 14.76 +0.32 : Reports Q2 (Jul) earnings of $0.24 per share, $0.02 better than the First Call consensus of $0.22; revenues rose 28.4% year/year to $843 mln vs the $836.7 mln consensus. Non-GAAP gross margin for the second quarter of fiscal 2009 was 52.3%, compared to non-GAAP gross margin of 52.0% for the first quarter of fiscal 2009 and non-GAAP gross margin of 49.4% for the second quarter of fiscal 2008.

4:10PM Dell misses by $0.05, beats on revs (DELL) 25.21 -0.42 : Reports Q2 (Jul) earnings of $0.31 per share, $0.05 worse than the First Call consensus of $0.36; revenues rose 11.2% year/year to $16.43 bln vs the $15.95 bln consensus. In the quarter, the company absorbed $27 mln of expense for the amortization of purchased intangibles and $25 mln in business realignment costs. Each expense was worth about $0.01 in earnings per share. The company remains committed to achieving annualized cost reductions of at least $3 bln by the end of fiscal year 2011. Worldwide shipments increased 53 percent and share was up 1.6 points to 9.1 percent. Co reported gross margins 17.2% vs 18.3% First Call consensus, and operating margins 4.9%. "Gross margins in the quarter were adversely affected by actions to drive growth in strategic areas like Global Consumer and EMEA, as well as an increase in deferred revenue from the sale of successful service offerings in EMEA, which will be recognized in subsequent periods... The company sees continued conservatism in IT spending in the U.S., which has extended into Western Europe and several countries in Asia. Demand also is impacted by currency fluctuations. Dell will continue to benefit from improving performance in areas such as emerging countries, notebooks, and enterprise and services, which collectively are driving a more diversified portfolio of geographies and products."

4:09PM Dollar Financial beats by $0.01, beats on revs; guides FY09 revs above consensus (DLLR) 16.55 +0.76 : Reports Q4 (Jun) earnings of $0.59 per share, excluding non-recurring items, $0.01 better than the First Call consensus of $0.58; revenues rose 23.0% year/year to $150.3 mln vs the $136.3 mln consensus. Co issues guidance for FY09, sees EPS of $2.10-2.35, incl items, may not be comparable to $2.48 consensus; sees FY09 revs of $595-625 mln vs. $586.28 mln consensus.

4:06PM PETsMART beats by $0.02, beats on revs; guides Q3 EPS in-line; guides FY09 EPS above consensus (PETM) 24.42 +0.04 : Reports Q2 (Jul) earnings of $0.30 per share, $0.02 better than the First Call consensus of $0.28; revenues rose 11.2% year/year to $1.24 bln vs the $1.22 bln consensus. Co issues in-line guidance for Q3, sees EPS of $0.25-0.29 vs. $0.27 consensus. Co issues upside guidance for FY09, sees EPS of $1.51-1.59 vs. $1.49 consensus. "We expect current macro trends to continue throughout the year."


4:04PM Sigma Designs beats by $0.07, reports revs in-line (SIGM) 17.85 +0.55 : Reports Q2 (Jul) earnings of $0.47 per share, excluding non-recurring items, $0.07 better than the First Call consensus of $0.40; revenues rose 36.9% year/year to $58.2 mln vs the $58.7 mln consensus. "We are pleased to report improved gross margins and GAAP net income while achieving our anticipated revenue goal for the second quarter. We continue to maintain a strong presence in the IPTV market, being the market leader for both the Microsoft Mediaroom and Linux-based platforms and pushing for new wins within emerging telco deployments. We are also pushing forward with our consumer products agenda by working with a wide range of vendors for Blu-ray player designs, successfully gaining ground with manufacturers from China and Taiwan. To further these positions, we are in the midst of completing a number of new chipset products that will increase our competitiveness in the marketplace. Moving forward, we are also executing a number of strategic growth initiatives designed to result in future revenue streams. These initiatives include penetration into the HDTV market, the Ultra-wideband (UWB) connectivity market and the cable-based IPTV set-top box market, as well as the growth of our VXP video processor products."

4:03PM Esterline Techs beats by $0.04, beats on revs; guides FY08 EPS in-line (ESL) 53.39 +0.63 : Reports Q3 (Jul) earnings of $0.68 per share, $0.04 better than the First Call consensus of $0.64; revenues rose 17.1% year/year to $382.1 mln vs the $374.6 mln consensus. Co issues in-line guidance for FY08, sees EPS of $3.50-3.60 vs. $3.58 consensus, up from $3.45-3.55 previously.


8:03AM Del Monte reports EPS in-line, misses on revs; reaffirms FY09 EPS guidance, revs guidance (DLM) 8.59 : Reports Q1 (Jul) loss of $0.04 per share, in-line with the First Call consensus of ($0.04); revenues rose 15.9% year/year to $726.2 mln vs the $747.4 mln consensus. Co reaffirms guidance for FY09, sees EPS at the lower end of previous guidance of $0.58-0.62 vs. $0.58 consensus; sees FY09 revs up 6-8% yr/yr, which equates to approx $3.371-3.434 bln vs. $3.67 bln consensus.


8:02AM Netezza beats by $0.02, beats on revs; raises FY09 guidance (NZ) 14.03 : Reports Q2 (Jul) earnings of $0.05 per share, $0.02 better than the First Call consensus of $0.03; revenues rose 65.5% year/year to $47 mln vs the $40.9 mln consensus. Co raises guidance for FY09, sees FY09 revs of $172-182 mln vs. $172.42 mln consensus.

7:44AM Williams-Sonoma beats by $0.01, misses on revs; guides FY09 EPS below consensus (WSM) 18.44 : Reports Q2 (Jul) earnings of $0.08 per share, excluding non-recurring items, $0.01 better than the First Call consensus of $0.07; revenues fell 4.6% year/year to $819.6 mln vs the $832.6 mln consensus. Co issues downside guidance for FY09, sees EPS of $1.03-1.15 vs. $1.31 consensus; co sees net revs on a 52-week to 53-week basis to decline in a range of 7.8-9.5%.


7:37AM Genesco beats by $0.14, reports revs in-line; guides FY09 EPS above consensus (GCO) 32.99 : Reports Q2 (Jul) earnings of $0.18 per share, excluding non-recurring items, $0.14 better than the First Call consensus of $0.04; revenues rose 7.7% year/year to $353.1 mln vs the $353.3 mln consensus. Co issues upside guidance for FY09, sees EPS of $2.15-2.20 vs. $2.14 consensus.


7:12AM Tiffany & Co beats by $0.08, beats on revs; guides FY09 EPS in-line (TIF) 39.61 : Reports Q2 (Jul) earnings of $0.63 per share, $0.08 better than the First Call consensus of $0.55; revenues rose 10.5% year/year to $732.4 mln vs the $720.6 mln consensus. Co issues in-line guidance for FY09, sees EPS of $2.82-2.92, compared to previous guidance of $2.80-2.90, vs. $2.83 consensus. This expectation includes worldwide sales growth of approx 9%, based on continued strong growth in Europe and Asia-Pacific (other than Japan) and a return to growth in comparable U.S. store sales in Q4 due to an easier yr/yr comparison. Co now also expects the full-year operating margin to increase slightly over the prior year.

7:09AM LaBarge beats by $0.01, beats on revs (LB) 15.17 : Reports Q4 (Jun) earnings of $0.28 per share, $0.01 better than the First Call consensus of $0.27; revenues rose 19.9% year/year to $77.8 mln vs the $65.5 mln consensus. "Robust order flow, improving operating efficiencies and broad-based strength in the markets we serve contributed to an outstanding 2008 fiscal year for LaBarge. The Company's sales, earnings and bookings reached record highs in fiscal 2008. Fiscal 2008 fourth-quarter sales and earnings also represented new quarterly records for the Company. In addition, improved operating efficiencies and product mix in the current-year periods generated year-over-year gross margin expansion of 150 basis points in the fiscal 2008 fourth quarter and 20 basis points in the full fiscal year. Looking forward, we anticipate fiscal 2009 first-quarter sales and earnings will be up from the comparable period a year earlier. Our current backlog, healthy pipeline of opportunities and diverse mix of business continue to give us confidence in the positive prospects for LaBarge."

7:09AM Layne Christensen beats by $0.16, beats on revs (LAYN) 48.06 : Reports Q2 (Jul) earnings of $0.78 per share, $0.16 better than the First Call consensus of $0.62; revenues rose 23.8% year/year to $269.6 mln vs the $252.6 mln consensus. "Overall, the economy has been getting increasingly difficult and presents a continuing challenge for the Company going forward."

7:08AM Zale beats by $0.09, beats on revs; guides FY09 EPS above consensus (ZLC) 23.15 : Reports Q4 (Jul) loss of $0.48 per share, excluding non-recurring items, $0.09 better than the First Call consensus of ($0.57); revenues rose 6.1% year/year to $456.2 mln vs the $448.9 mln consensus. Co issues upside guidance for FY09, sees EPS of $1.10-1.25 vs. $0.90 consensus.

7:06AM Energy Conversion beats by $0.08, beats on revs; guides Q1 revs above consensus; guides FY09 revs above consensus (ENER) 78.34 : Reports Q4 (Jun) earnings of $0.24 per share, $0.08 better than the First Call consensus of $0.16; revenues rose 128.9% year/year to $82.4 mln vs the $77.5 mln consensus. Co issues upside guidance for Q1, sees Q1 revs of $95-98 mln vs. $87.86 mln consensus. Co issues upside guidance for FY09, sees FY09 revs of $455-485 mln vs. $443.06 mln consensus. Co also says first quarter gross margin is expected to be about 31%, and between 33 and 35 percent for the second half of the fiscal year. Restructuring costs are expected to be between $1.7 and $2.0 mlnfor the first quarter and $2.5 to $3.0 mln for fiscal 2009. Preproduction costs are expected to be between $1.5 and $1.9 mlnfor the first quarter and between $7.0 and $9.0 mln for fiscal 2009.

7:04AM DSW beats by $0.15, reports revs in-line; reaffirms FY09 EPS guidance (DSW) 14.95 : Reports Q2 (Jul) earnings of $0.25 per share, $0.15 better than the First Call consensus of $0.10; revenues rose 2.4% year/year to $357.2 mln vs the $355.8 mln consensus. Co reaffirms guidance for FY09, sees EPS of $0.75-0.85 vs. $0.77 consensus; reaffirms annual same store sales in the negative mid-single digits.

6:08AM Sears Hldg misses by $0.12, reports revs in-line (SHLD) 86.98 : Reports Q2 (Jul) earnings of $0.21 per share, excluding reserve, $0.12 worse than the First Call consensus of $0.33; revenues fell 4.1% year/year to $11.76 bln vs the $11.71 bln consensus. Comparable store sales declined 6.7% while Kmart's comparable store sales declined 5.6%. Total domestic comparable store sales declined 6.2%.

1:41AM Chunghwa Telecom reports Q208 results (CHT) 24.76 : Co reports total consolidated revenue decreased by 0.6% to NT$50.0 bln. Internet and data revenue grew by 0.8%; ADSL & FTTB revenue decreased by 0.7%. Mobile revenue decreased by 2.7%; Mobile VAS revenue increased by 28.3%. Net income totaled NT$12.5 bln, an increase of 0.1%. Basic EPS increased by 12.0% to NT$1.31.