Earnings - 23rd April 2009 (3)

4:02PM DeVRY beats by $0.03, beats on revs (DV) : Reports Q3 (Mar) earnings of $0.70 per share, $0.03 better than the First Call consensus of $0.67; revenues rose 34.7% year/year to $391.9 mln vs the $387.6 mln consensus.

8:55AM Reliance Steel misses by $0.22, misses on revs; guides Q2 EPS below consensus (RS) 36.52 : Reports Q1 (Mar) earnings of $0.27 per share, $0.22 worse thanthe First Call consensus of $0.49. Co issues downside guidance for Q2, sees EPS of $0.15-0.20 vs. $0.66 consensus. "Our tons sold for the 2009 first quarter were down 1% and our average price per ton sold was down 16% compared to the 2008 first quarter. However, on a "same-store" basis, excluding our 2008 acquisitions, our tons sold were down 34% and our average price per ton sold was flat for the 2009 first quarter compared to the 2008 first quarter. Comparing our 2009 first quarter to the 2008 fourth quarter, our tons sold were down 14% and our average price per ton sold was down 15%. "Business remains difficult across all of our products, evidenced by weak demand and soft prices. There is still a great deal of uncertainty regarding economic conditions and the timing of any recovery... believe that we should see the beginnings of improvement later in the quarter."

8:36AM Exelon beats by $0.07, beats on revs; guides Q2 and FY09 EPS in-line (EXC)45.52 : Reports Q1 (Mar) earnings of $1.20 per share, excluding non-recurring items, $0.07 better than the First Call consensus of $1.13; adjusted non-GAAP revenue rose 3.6% year/year to $4.75 bln vs the $4.62 bln consensus. Co issues in-line guidance for Q2, sees EPS of $0.95-1.05, excluding non-recurring items, vs. $1.01 consensus. Co issues in-line guidance for FY09, sees EPS of $4.00-4.30, excluding non-recurring items, vs. $4.13 consensus.

8:35AM ConocoPhillips beats by $0.14, beats on revs (COP) 38.06 : Reports Q1 (Mar) earnings of $0.56 per share, $0.14 better than the First Call consensus of $0.42; revenues fell 44.1% year/year to $30.7 bln vs the $26.34 bln consensus. Co said, "Looking ahead to next quarter, we expect the company's second-quarter E&P segment production will be lower than the first quarter, primarily due to planned maintenance and seasonality. However, full-year production is expected to be slightly higher than 2008. Exploration expenses are anticipated to be approximately $325 million for the quarter. In our downstream refining business, we expect the worldwide refining crude oil capacity utilization rate to be in the upper-80-percent range during the second quarter and turnaround costs to be approximately $125 million before-tax for the quarter."

8:34AM Eagle Materials beats by $0.04, misses on revs (EXP) 26.63 : Reports Q4 (Mar) earnings of $0.15 per share, excluding non-recurring items, $0.04 better than the First Call consensus of $0.11; revenues fell 24.8% year/year to $108.9 mln vs the $120.6 mln consensus.

8:31AM Life Time Fitness beats by $0.03, slight beat on revs; guides FY09 above consensus (LTM) 17.87 : Reports Q1 (Mar) earnings of $0.38 per share, $0.03 better thanthe First Call consensus of $0.35; revenues rose 11.9% year/year to $206.4 mln vs the $204.4 mln consensus. Co issues mixed guidance for FY09, sees EPS of $1.55-1.70 vs. $1.53 consensus; sees FY09 revs of $830-860 mln vs. $824.9 mln consensus.

8:31AM Supervalu beats by $0.08, reports revs in-line; guides FY10 EPS in-line, revs below consensus (SVU) 14.98 : Reports Q4 (Feb) earnings of $0.87 per share, excluding non-recurring items, $0.08 better than the First Call consensus of $0.79; revenues rose 4.2% year/year to $10.82 bln vs the $10.86 bln consensus. Co issues mixed guidance for FY10, sees EPS of $2.50-2.65 vs. $2.59 consensus; sees FY10 revs of approximately $43 bln vs. $43.55 bln consensus. Co sees FY10 same store sales of -1 to +1%.

8:31AM Ensco beats by $0.04, reports revs in-line (ESV) 31.89 : Reports Q1 (Mar) earnings of $1.56 per share, $0.04 better than the First Call consensus of $1.52; revenues fell 9.6% year/year to $514.1 mln vs the $512.8 mln consensus. The average day rate for Ensco's 43-rig jackup fleet for the quarter ended March 31, 2009, increased 18% to $168,200, as compared to $142,800 in the prior year quarter. Utilization of the Company's jackup fleet was 80% in the first quarter of 2009 compared to 95% in the first quarter of 2008.

8:30AM Union Pacific beats by $0.06, misses on revs (UNP) : Reports Q1 (Mar) earnings of $0.72 per share, $0.06 better than the First Call consensus of $0.66; revenues fell 20.0% year/year to $3.42 bln vs the $3.55 bln consensus. "The difficult economic conditions continue to affect our business volumes. During this challenging time, we are reducing costs across the board, strengthening our operations and offering competitive supply chain solutions to our customers..."

8:17AM L.B. Foster Company beats by $0.02, beats on revs (FSTR) 29.61 : Reports Q1 (Mar) earnings of $0.29 per share, $0.02 better than the First Call consensus of $0.27; revenues rose 4.6% year/year to $97.7 mln vs the $93.5 mln consensus. "On the positive side, we are beginning to see areas of opportunity generated from the recent stimulus legislation in our Transit, Piling and Precast Buildings businesses. Some of that work has already started to bid and we expect to begin to benefit from it in the second half of this year..."

8:14AM Royal Caribbean beats by $0.17, beats on revs; guides Q2 EPS in-line; guides FY09 EPS above consensus (RCL) 11.41 : Reports Q1 (Mar) loss of $0.17 per share, $0.17 better than the First Call consensus of ($0.34); revenues fell 7.2% year/year to $1.33 bln vs the $1.31 bln consensus. Co issues in-line guidance for Q2, sees EPS of 0.00-($0.05) vs. ($0.01) consensus. Co issues upside guidance for FY09, sees EPS of approx $1.35 vs. $0.97 consensus.  For the year, the company projects revenue yields to be toward the lower end of its previous guidance (12% - 13%). Co said, "Given the horrible economy, I am encouraged by a more stable revenue environment and I am proud that our people have been able to reduce expenses and deliver better than expected results."

8:09AM Harsco beats by $0.06, misses on revs; guides Q2 EPS below consensus; guides FY09 EPS below consensus (HSC) 26.83 : Reports Q1 (Mar) earnings of $0.25 per share, $0.06 better than the First Call consensus of $0.19; revenues fell 29.5% year/year to $697 mln vs the $786.1 mln consensus. Co issues downside guidance for Q2, sees EPS of $0.40-0.50 vs. $0.58 consensus. Co issues downside guidance for FY09, sees EPS of $1.90-2.10 vs. $2.34 consensus, down from previous guidance of $2.80-3.00. The outlook for global steel production and non-residential construction markets continued to deteriorate throughout the quarter. The global economic recovery previously anticipated to begin in 2H09 cannot now be predicted with any certainty. Their markets have deteriorated more than they expected. Co says, "Given the negative impact from the continued strengthening of the U.S. dollar, and considering the challenging and uncertain global economic and financial environment we continue to face with no meaningful improvement expected in the major global economies in '09, we believe it is prudent to modify our guidance for 2009 diluted EPS from continuing operations."

8:02AM Natl Oilwell Varco beats by $0.07, beats on revs (NOV) 32.95 : Reports Q1 (Mar) earnings of $1.13 per share, $0.07 better than the First Call consensus of $1.06; revenues rose 29.6% year/year to $3.48 bln vs the $3.29 bln consensus.  New capital equipment orders during the quarter were $240 mln, net of orders removed from backlog of $32 mln. Backlog for capital equipment orders for the Company's Rig Technology segment was $9.6 bln at March 31, 2009 compared to $11.1 bln at December 31, 2008. Co says, "Our solid backlog for drilling equipment enabled our Company to generate strong earnings in the first quarter, despite a sharp downturn in drilling activity and available credit to our customers. Though the pace of new capital equipment orders has slowed in the short run, we believe investment in drilling equipment will resume, to enable the industry to explore new oil and gas frontiers. Nevertheless market conditions remain very challenging, and the timing of a recovery is uncertain. We are well positioned for this market, given our strong financial resources, high cash flow, and exceptional backlog through 2010. We plan to execute strategic opportunities arising from the current downturn, both internal and external, to further enhance our business."

7:49AM UPS misses by $0.04, misses on revs; guides Q2 EPS below consensus (UPS)54.75 : Reports Q1 (Mar) earnings of $0.52 per share, ex items, $0.04 worse than the First Call consensus of $0.56; revenues fell 13.7% year/year to $10.94 bln vs the $11.44 bln consensus. Co issues downside guidance for Q2, sees EPS of $0.45-0.55 vs. $0.65 consensus. Co said, "Economic indicators tell us recovery in the U.S. might begin late this year, but more likely not until 2010... So we expect the second quarter will be another difficult one."

7:41AM Occidental Petro beats by $0.13, misses on revs (OXY) 55.56 : Reports Q1 (Mar) earnings of $0.50 per share, excluding non-recurring items, $0.13 better than the First Call consensus of $0.37; revenues fell 49.0% year/year to $3.07 bln vs the $3.18 bln consensus. 1Q09, daily oil and gas sales volumes averaged 654,000 barrels of oil equivalent (BOE), compared with 607,000 BOE per day in 1Q08. Oxy's realized price for worldwide crude oil was $39.29 per barrel for 1Q09, compared with $86.75 per barrel for 1Q08. Domestic realized gas prices decreased from $8.15 per thousand cubic feet (MCF) in 1Q08 to $3.54 per MCF for 1Q09. Co says, "In the first quarter, Occidental achieved a nearly eight percent growth in year-over-year oil and gas production. In addition, we have made significant progress in our continuing cost reduction efforts and we will continue to invest in the long-term growth of the co. I am pleased with our effectiveness in adjusting to the ongoing volatile market conditions."

7:41AM Black & Decker beats by $0.14, misses on revs; guides Q2 EPS in-line; guides FY09 EPS in-line (BDK) 33.02 : Reports Q1 (Mar) earnings of $0.22 per share, $0.14 better than the First Call consensus of $0.08; revenues fell 28.2% year/year to $1.07 bln vs the $1.16 bln consensus. Co issues in-line guidance for Q2, sees EPS of $0.35-$0.45 vs. $0.42 consensus. Co issues in-line guidance for FY09, sees EPS of $1.50-$1.90 vs. $1.79 consensus.

7:37AM Goodrich beats by $0.28, reports revs in-line; guides FY09 EPS in-line, revs below consensus (GR) 41.83 : Reports Q1 (Mar) earnings of $1.35 per share, $0.28 better than the First Call consensus of $1.07; revenues fell 2.8% year/year to $1.7 bln vs the $1.69 bln consensus. Co issues mixed guidance for FY09, lowers EPS to a range of $4.50-$4.75 (vs. $4.63 consensus), down from the co's previous range of $4.50-$4.90; sees FY09 revs of approx $6.9 bln (vs. $7.1 bln consensus), down from the previous range of $7.1-$7.2 bln.

7:35AM Steven Madden guides above consensus; sees Q1 EPS of $0.35-0.37 vs $0.24 First Call consensus; revs $106-107 mln vs $96.22 mln First Call consensus (SHOO)23.66 : Co raises FY09 EPS guidance to $1.85-1.95 vs $1.47 First Call consensus. For fiscal 2009, the Company now expects net sales to range from flat to a decline of 2% compared to 2008, again incorporating shifts in the Candies and International businesses. Excluding the impact of these shifts, sales are expected to decline 2% to 4% for the year. Net sales for the first quarter of 2009 will reflect shifts related to the co's Candies and International businesses. Candies has been transitioned to a "first cost" model from a wholesale model, and therefore revenue will now be recorded in other income. As a result of this change, net sales for the first quarter of 2009 will not reflect Candies revenue while net sales in the first quarter of 2008 reflected revenue of $4.9 mln for the Candies business. "We had a strong start to the year, with better than expected results driven by the performance of the Steve Madden Womens and Madden Girl brands within our wholesale division. Our updated full-year guidance reflects increased expectations for these two brands as well as for our Adesso Madden "first-cost" business, particularly our recently launched l.e.i. brand at Wal-Mart. While we are very pleased with our performance thus far, we will remain diligent in our inventory management and expense controls."

7:34AM Cash America beats by $0.04, beats on revs; guides Q2 EPS below consensus; guides FY09 EPS above consensus (CSH) 22.18 : Reports Q1 (Mar) earnings of $0.79 per share, $0.04 better than the First Call consensus of $0.75; revenues rose 6.9% year/year to $268.1 mln vs the $265.4 mln consensus. Co issues downside guidance for Q2, sees EPS of $50-$0.53 vs. $0.60 consensus. Co issues upside guidancefor FY09, sees EPS of $3.10-3.30 vs. $3.10 consensus. Co says mgmt believes that the opportunities for sustained growth in revenue and earnings will be largely associated with the customer demand for the credit products provided by the co, which take the form of pawn loans and short-term cash advances. Other elements expected to affect the growth in revenue include the potential impact of the regulatory governance of loan products, the continued growth and development of the Mexican pawn operations and the development and expansion of the Company's online and card based distribution channels for its cash advance products. Co says the impact of regulatory changes in their Ohio storefront locations and the anticipated decrease in customers in Pennsylvania and Minnesota in the online channel will cause revenue and earnings for the cash advance segment to be down in the second quarter. In addition, the absence of Federal Stimulus Payments will likely cause revenue and earnings from U.S. pawn operations to be below the prior year. However, management believes the anniversary revenue challenges discussed for the first half of 2009 could begin to improve in the second half of the year if loan demand firms for both pawn and cash advance products. While the co intends to maintain its current underwriting standards, higher loan demand for the cash advance product could lead to higher loan losses associated with the difficult consumer economic environment.

7:33AM ITT Educational beats by $0.18, reports revs in-line; guides FY09 EPS above consensus (ESI) 101.96 : Reports Q1 (Mar) earnings of $1.59 per share, $0.18 better thanthe First Call consensus of $1.41; revenues rose 22.6% year/year to $288 mln vs the $285.2 mln consensus. Co issues upside guidance for FY09, sees EPS of $7.00-7.25 vs. $6.61 consensus, up from previous guidance of $6.50-6.75. Co says, "Operating margin in the first quarter increased a very impressive 550 basis points to 34.8% compared to 29.3% in 1Q08, due to our ability to leverage fixed operating costs on total student enrollment that was substantially higher as of the end of the first quarter of 2009 compared to the same point in 2008... We entered the second quarter of '09 with a high level of confidence in our ability to efficiently execute our proven growth strategy, and we are very excited about the prospects for achieving our '09 internal goals."

Earnings - 26th Feb 2009

5:53PM Public Storage beats by $0.21, misses on revs (PSA) 52.43 -1.60 : Reports Q4 (Dec) funds from operations of $1.49 per share, $0.21 better than the First Call consensus of $1.28; revenues rose 1.6% year/year to $333.1 mln vs the $415 mln consensus.

5:06PM Universal Health beats by $0.07, misses on revs; guides FY09 EPS above consensus, revs above consensus (UHS) 35.64 -3.20 : Reports Q4 (Dec) earnings of $0.87 per share, excluding non-recurring items, $0.07 better than the First Call consensus of $0.80; revenues rose 5.1% year/year to $1.24 bln vs the $1.26 bln consensus. Co issuesupside guidance for FY09, sees EPS of $4.00-4.15 vs. $3.86 consensus; sees FY09 revs of $5.34 bln vs. $5.33 bln consensus.

4:19PM SandRidge Energy beats by $0.05, misses on revs (SD) 6.58 +0.13 : Reports Q4 (Dec) earnings of $0.06 per share, excluding non-cash asset impairments and unrealized gains or losses on derivative contracts , $0.05 better than the First Call consensus of $0.01; revenues fell 7.0% year/year to $200.7 mln vs the $249.9 mln consensus.

4:18PM AthenaHealth beats by $0.02, beats on revs (ATHN) 34.17 -0.98 : Reports Q4 (Dec) earnings of $0.19 per share, excluding non-recurring items, $0.02 better than the First Call consensus of $0.17; revenues rose 46.8% year/year to $41.4 mln vs the $40.1 mln consensus.

4:14PM Human Genome beats by $0.07, beats on revs; guides FY09 revs above consensus (HGSI) 1.95 -0.08 : Reports Q4 (Dec) loss of $0.41 per share, $0.07 better thanthe First Call consensus of ($0.48); revenues rose 3.2% year/year to $12.9 mln vs the $12.3 mln consensus. Co issues upside guidance for FY09, sees FY09 revs of $250 mln vs. $223.37 mln consensus, with at least $150 mln from delivery of ABthrax to Strategic National Stockpile.

4:05PM Sourcefire beats by $0.13, beats on revs; guides Q1 EPS above consensus, revs above consensus (FIRE) 5.78 -0.19 : Reports Q4 (Dec) earnings of $0.13 per share,$0.13 better than the First Call consensus of ($0.00); revenues rose 33.2% year/year to $25.7 mln vs the $21.7 mln consensus. Co issues upside guidance for Q1, sees EPS of ($0.05)- ($0.01) vs. ($0.08) consensus; sees Q1 revs of $16.2-17.7 mln vs. $15.01 mln consensus.

4:04PM Deckers Outdoor beats by $0.10, beats on revs; guides FY09 EPS below consensus (DECK) 52.99 -2.39 : Reports Q4 (Dec) earnings of $4.05 per share, excluding non-recurring items, $0.10 better than the First Call consensus of $3.95; revenues rose 56.3% year/year to $303.5 mln vs the $299.3 mln consensus. Co issues downside guidancefor FY09, sees EPS of $7.27 to slightly down vs. $8.05 consensus. Co introduces FY09 revenue growth target of approximately 6% to 9% over 2008 (which equates to guidance of $730.8-751.5 mln vs $787 mln).

4:02PM InterMune misses by $0.11, misses on revs (ITMN) 15.38 -0.97 : Reports Q4 (Dec) loss of $0.83 per share, $0.11 worse than the First Call consensus of ($0.72); revenues fell 22.9% year/year to $7.4 mln vs the $7.6 mln consensus. Revenue for 2009, including Actimmune and anticipated milestone payments from Roche, is expected to be in a range of approximately $40-$50 mln. Actimmune revenue represents approx 50% of this revenue range.

8:34AM Smart Balance reports Q4 results, beats on revs (SMBL) 5.99 : Reports Q4 (Dec) loss of $0.04 per share, including items, may not compare to the First Call consensus of ($0.00); revenues rose 28.9% year/year to $65.6 mln vs the $63.9 mln consensus. Smart Balance's outlook for 2009 first half percentage growth versus 2008 in net sales is high teens to mid-twenties, with second quarter growth expected to be higher than first quarter growth. The company expects continued volume growth led by increased distribution and new products in spreads, peanut butter, cooking oil and popcorn, as well as expansion of its milk products. The food industry will likely experience uncertainty in 2009 around consumer reaction to the economy, potentially impacting the ability to generate trial of the Company's premium priced products by new consumers. Gross profit as a percent of net sales is expected to improve to 45%+ in 2009 as input costs are expected to be below the prior year.

8:34AM Frontier Oil misses by $0.09, misses on revs (FTO) 13.54 : Reports Q4 (Dec) earnings of $0.32 per share, excluding items, $0.09 worse than the First Call consensus of $0.41; revenues rose 2.2% year/year to $1.35 bln vs the $1.61 bln consensus. The fourth quarter 2008 results exclude an after-tax inventory loss of $245.1 million, or $2.38 per share, and an after-tax hedging gain of $115.6 million, or $1.12 per share.

8:33AM Ensco beats by $0.08, reports revs in-line (ESV) 24.40 : Reports Q4 (Dec) earnings of $2.14 per share, $0.08 better than the First Call consensus of $2.06; revenues rose 20.2% year/year to $622.1 mln vs the $616.1 mln consensus. Co says, "We expect to begin realizing the benefit of our significant deepwater investment starting in Q209... We are beginning to be impacted by lower oil and gas prices, tight credit markets and the global recession. There is no question that 2009 will be a challenging year and that jackup rigs, including some of our own, will be without contracts for some portion of the year."

7:47AM El Paso Pipline Partners beats by $0.03, beats on revs (EPB) 16.85 : Reports Q4 (Dec) earnings of $0.37 per share, $0.03 better than the First Call consensus of $0.34; revenues rose 29.2% year/year to $38.1 mln vs the $37.3 mln consensus. In 2009, the partnership expects to generate approximately $180 mln of distributable cash flow. This represents an increase of more than 20% over 2008, due to higher interests in its equity pipelines CIG and SNG, and recently completed expansion projects. The partnership expects to spend $64 mln in expansion capital, and $2 mln in maintenance capital.

7:17AM ANSYS beats by $0.06, misses on revs; guides Q1 EPS below consensus, revs below consensus; guides FY09 EPS in-line, revs below consensus (ANSS) 23.15 : Reports Q4 (Dec) earnings of $0.50 per share, $0.06 better than the First Call consensus of $0.44; revenues rose 28.9% year/year to $143.3 mln vs the $147.2 mln consensus. Co issues downside guidance for Q1, sees EPS of $0.33-$0.39 vs. $0.43 consensus; sees Q1 revs of $122-$135 vs. $145.65 mln consensus. Co issues mixed guidance for FY09, sees EPS of $1.54-$1.85 vs. $1.85 consensus; sees FY09 revs of $530-$590 mln vs. $611.53 mln consensus.

7:02AM Natus Medical beats by $0.01, reports revs in-line; reaffirms guidance (BABY)8.08 : Reports Q4 (Dec) earnings of $0.22 per share, $0.01 better than the First Call consensus of $0.21; revenues rose 26.8% year/year to $43.4 mln vs the $43.5 mln consensus. Co reaffirms guidance for Q1, sees EPS of $0.06-0.08 vs. $0.08 consensus; sees Q1 revs of $37-38 mln vs. $37.41 mln consensus. Co reaffirms guidance for FY09, sees EPS of $0.57-0.61 vs. $0.58 consensus; sees FY09 revs of $166-170 vs. $166.61 mln consensus.

6:35AM Dean Foods increases Q1 guidance above consensus; sees FY09 EPS of at least $1.55 vs $1.56 consensus (DF) 20.51 : Co announces it is hosting an investor meeting today to outline the core strategies that will drive performance over the coming years. Over the next three to five years, Dean Foods management plans to execute against specific plans to drive cost reductions across the business, targeting $300 million in cost savings. The first area of focus is lowering conversion costs across the manufacturing network of over a hundred plants. The second improvement area is extending its low cost position by optimizing its supply chain network. The third area of focus is in driving distribution efficiency across the DSD Dairy's network of over 5,800 company-owned delivery routes. The fourth area of opportunity to drive savings across Dean is standardizing and simplifying its product portfolio to reduce complexity and achieve scale-based procurement savings. The co increased its Q1 guidance for adjusted diluted EPS to at least $0.41 per share (vs $0.40 consensus), from its prior guidance for at least $0.38 per adjusted diluted share. Additionally, the co's full year expectations have also increased, with mgmt now expecting adjusted earnings to reach at least $1.55 (vs $1.56 consensus), representing full year growth of at least 19% from the $1.30 posted in 2008.

6:32AM Sanderson Farms beats by $0.04, beats on revs (SAFM) 28.25 : Reports Q1 (Jan) loss of $0.33 per share, $0.04 better than the First Call consensus of ($0.37); revenues rose 7.3% year/year to $388.9 mln vs the $368.4 mln consensus. Co said, "We do not expect demand to improve until the economy gains some traction and consumers resume spending and dining out again... We will continue to manage our operations as efficiently as possible through this cycle and we do not plan to return to full production until we see an improvement in market conditions. However, we do expect that our feed costs will be lower this year as grain prices are also being affected by the economy and reduced demand".

6:18AM Pioneer Drilling misses by $0.02, beats on revs (PDC) 4.15 : Reports Q4 (Dec) earnings of $0.37 per share, $0.02 worse than the First Call consensus of $0.39; revenues rose 63.2% year/year to $170.7 mln vs the $161.7 mln consensus.

6:11AM Southern Union beats by $0.03, beats on revs; guides FY09 EPS above consensus (SUG) 12.37 : Reports Q4 (Dec) earnings of $0.47 per share, $0.03 better thanthe First Call consensus of $0.44; revenues rose 75.3% year/year to $727.1 mln vs the $691.9 mln consensus. Co issues upside guidance for FY09, sees EPS of $1.75-1.90, excluding non-recurring items, vs. $1.70 consensus.

Earnings - 24th July 2008 (3)

6:54PM FMC Tech beats by $0.07, beats on revs; guides FY08 EPS below consensus (FTI) 67.95 +1.61 : Reports Q2 (Jun) earnings of $0.80 per share, excluding $0.04 charge, and excl $0.05 gain, $0.07 better than the First Call consensus of $0.73; revenues rose 26.6% year/year to $1.45 bln vs the $1.37 bln consensus. Co raises guidance for FY08, sees EPS of $2.60-2.70, ex items, vs. $3.00 consensus.


6:49PM Triumph Group beats by $0.39, beats on revs; guides FY09 EPS above consensus, reaffirms revs in-line (TGI) 45.16 -2.71 : Reports Q1 (Jun) earnings of $1.54 per share, $0.39 better than the First Call consensus of $1.15; revenues rose 16.6% year/year to $320.6 mln vs the $310.3 mln consensus. Co issues upside EPS guidance for FY09, sees EPS to be in excess of $5.25 vs. $5.03 consensus; reaffirms FY09 revs of $1.25-1.35 bln vs. $1.3 bln consensus.

5:36PM Bucyrus beats by $0.17, beats on revs; co gives commentary (BUCY) 59.27 -1.26 : Reports Q2 (Jun) earnings of $0.83 per share, $0.17 better than the First Call consensus of $0.66; revenues rose 65.7% year/year to $621 mln vs the $583 mln consensus. Co says, "The overall increase in surface mining sales was attributable to the high demand for Bucyrus' products and services throughout the world and the positive impact of recently completed capacity improvements at BUCY's principal surface mining manufacturing facility in South Milwaukee, Wisconsin. The high demand for Bucyrus' products and services continues to be driven by high international commodity prices and strong markets for commodities mined by BUCY machines. The increase in surface mining original equipment sales for the quarter and six months ended June 30, 2008 was in electric mining shovels and draglines. Surface mining aftermarket parts and service sales for the second quarter and six months ended June 30, 2008 increased in nearly all worldwide markets compared to the same periods last year. The expansion of Bucyrus' South Milwaukee, Wisconsin surface mining manufacturing facilities is substantially complete, which will allow for annual shovel production capacity of 24 machines and almost doubled manufactured parts capacity from 2006 levels. Underground mining sales for Q2 of 2008 increased from recent quarters primarily due to strong original equipment new orders in Q4 of 2007 and Q1 of 2008. The lack of steel availability in Q1 on these new orders has been resolved through changes in ordering policies. Market conditions are strong in Eastern Europe and India, which more than offsets the reductions occurring in China due to local sourcing."

4:30PM EZCORP beats by $0.03, beats on revs; guides Q4 EPS below consensus (EZPW) 17.22 -1.57 : Reports Q3 (Jun) earnings of $0.27 per share, excluding $0.02 of non-recurring items, $0.03 better than the First Call consensus of $0.24; revenues rose 24.2% year/year to $108.1 mln vs the $101.9 mln consensus. Co issues downside guidance for Q4, sees EPS of $0.34 vs. $0.35 consensus. For the fiscal year, co expects to open 70 EZMONEY locations, including 47 opened through June, and twelve Empeno Facil locations, including six opened through June.

4:10PM LaserCard beats by $0.06, beats on revs (LCRD) 5.70 +0.36 : Reports Q1 (Jun) loss of $0.11 per share, $0.06 better than the First Call consensus of ($0.17); revenues rose 36.2% year/year to $10.7 mln vs the $9 mln consensus.

4:09PM Wynn Resorts beats by $0.18, reports revs in-line (WYNN) 91.59 -8.22 : Reports Q2 (Jun) earnings of $1.11 per share, $0.18 better than the First Call consensus of $0.93; revenues rose 20.0% year/year to $825.2 mln vs the $828.1 mln consensus.

4:06PM Riverbed Technology beats by $0.02, beats on revs (RVBD) : Reports Q2 (Jun) earnings of $0.13 per share, $0.02 better than the First Call consensus of $0.11; revenues rose 51.1% year/year to $81.6 mln vs the $77 mln consensus.

4:05PM Stericycle beats by $0.02, beats on revs (SRCL) 58.85 -0.85 : Reports Q2 (Jun) earnings of $0.44 per share, $0.02 better than the First Call consensus of $0.42; revenues rose 19.3% year/year to $277.8 mln vs the $264.2 mln consensus.

4:03PM AngioDynamics beats by $0.24, beats on revs; guides FY09 EPS above consensus, revs above consensus (ANGO) 14.14 -0.25 : Reports Q4 (May) earnings of $0.41 per share, excluding non-recurring items, $0.24 better than the First Call consensus of $0.17; revenues rose 14.4% year/year to $46.8 mln vs the $45.6 mln consensus. Co issues upside guidance for FY09, sees EPS of $0.68, excluding non-recurring items, vs. $0.64 consensus; sees FY09 revs of $205-210 mln vs. $201.32 mln consensus.


4:02PM Cepheid misses by $0.07, misses on revs; guides FY08 EPS below consensus, revs below consensus (CPHD) 27.17 -0.69 : Reports Q2 (Jun) GAAP loss of $0.13 per share, $0.07 worse than the First Call consensus of ($0.06); revenues rose 54.1% year/year to $42.1 mln vs the $44.8 mln consensus. Co issues downside guidance for FY08, sees EPS of ($0.38)-(0.35) vs. ($0.18) consensus; sees FY08 revs of $173-177 mln vs. $190.08 mln consensus.

9:04AM Franklin Resources beats by $0.06, reports revs in-line (BEN) 99.96 : Reports Q3 (Jun) earnings of $1.71 per share, $0.06 better than the First Call consensus of $1.65; revenues fell 7.2% year/year to $1.52 bln vs the $1.51 bln consensus.

8:33AM Ensco beats by $0.09, beats on revs (ESV) : Reports Q2 (Jun) earnings of $2.07 per share, $0.09 better than the First Call consensus of $1.98; revenues rose 16.1% year/year to $637.1 mln vs the $610.6 mln consensus. The average day rate for ESV's 44-rig jackup fleet for the quarter ended June 30, 2008, increased to $148,200, as compared to $142,900 in the prior year quarter. Utilization of the Company's jackup fleet was 95% in the second quarter of 2008 compared to 93% in the second quarter of 2007. "Looking forward to the remainder of the year, we are seeing improvement in backlog and day rates for our U.S. Gulf of Mexico and North Sea jackup fleets, and expect a balanced market for our Asia Pacific rigs. As a result, we anticipate that 2008 will be another record year for ENSCO..."

8:18AM Occidental Petro beats by $0.04, beats on revs (OXY) 72.22 : Reports Q2 (Jun) earnings of $2.79 per share, $0.04 better than the First Call consensus of $2.75; revenues rose 61.3% year/year to $7.12 bln vs the $6.77 bln consensus.

8:18AM ZOLL Medical beats by $0.01, beats on revs (ZOLL) 33.79 : Reports Q3 (Jun) earnings of $0.27 per share, $0.01 better than the First Call consensus of $0.26; revenues rose 26.5% year/year to $100.2 mln vs the $93.3 mln consensus.

8:11AM L.B. Foster Company beats by $0.06, beats on revs (FSTR) 33.54 : Reports Q2 (Jun) earnings of $0.69 per share, $0.06 better than the First Call consensus of $0.63; revenues fell 12.6% year/year to $129.8 mln vs the $126.4 mln consensus.

8:05AM Ashland beats by $0.17, beats on revs (ASH) 41.73 : Reports Q3 (Jun) earnings of $1.03 per share, $0.17 better than the First Call consensus of $0.86; revenues rose 11.0% year/year to $2.2 bln vs the $2.13 bln consensus.