5:11PM Pall Corp beats by $0.02, reports revs in-line; reaffirms FY09 EPS in-line (PLL) 27.29 -0.74 : Reports Q1 (Oct) earnings of $0.40 per share, excluding non-recurring items, $0.02 better than the First Call consensus of $0.38; revenues rose 3.0% year/year to $578 mln vs the $578.7 mln consensus. Co reaffirms above consensus guidance for FY09, sees EPS of $2.15-2.30 vs. $2.00 consensus. Co says, "PLL's market diversity and strength across the globe should help mitigate the impact of economic turmoil. We maintain a strong balance sheet, solid liquidity and are well positioned for the long term. Yet we are not immune to recessionary pressure. Our expectation is that revenue growth will not exceed 4% (in LC) for this fiscal year. Our established business improvement initiatives provide strong levers to achieve our goals.
4:13PM SAIC reports EPS in-line, beats on revs (SAI) 18.34 -0.08 : Reports Q3 (Oct) earnings of $0.29 per share, in-line with the First Call consensus of $0.29; revenues rose 11.3% year/year to $2.63 bln vs the $2.6 bln consensus. Co expects to grow revenue internally 6-9% for FY09; grow EPS 11-18% in FY09.
4:04PM G-III Apparel beats by $0.01, beats on revs; lowers FY09 guidance (GIII) 5.65 -0.36 : Reports Q3 (Oct) earnings of $1.68 per share, $0.01 better than the First Call consensus of $1.67; revenues rose 29.6% year/year to $351.6 mln vs the $338.3 mln consensus. Co issues lowers guidance for FY09, to EPS of $0.95-1.05 vs. $1.27 consensus, prior guidance $1.35-1.40; sees FY09 revs of $715 mln vs. $707.15 mln consensus, prior guidance $730 mln. The Company is also now forecasting EBITDA for the fiscal year ending January 31, 2009 to increase approximately 7% to 15% to a range of approximately $40.5 to $43.5 million compared to its prior guidance of EBITDA in the range of $54.0 million to $55.5 million.
4:00PM Electronic Arts announces that it expects net revenue and EPS for FY09 to be below the financial guidance previously provided (ERTS) 19.35 -2.52 : Co announces that it expects FY09 EPS and revs to be below the financial guidance previously provided (note co previously issued guidance that it sees FY09 $1.00-1.40 vs $1.16 First Call consensus; sees revs $5.0-5.3 bln vs $5.06 bln First Call consensus). The revised expectations are primarily the result of lower than expected sales across North America and Europe. The Company does not expect to provide updated financial guidance for fiscal 2009 prior to reporting its third quarter results in early February 2009. The Company is continuing to pursue cost saving initiatives including a reduction of its product portfolio for fiscal year 2010 with additional associated headcount reductions and facility consolidations.
9:08AM Agilent discloses it is lowering its fiscal first quarter 2009 guidance (A) 17.24 : Co lowers guidance for Q1 (Jan), sees EPS of $0.28-0.32, down from $0.34-0.38, vs. $0.35 First Call consensus; sees Q1 (Jan) revs of $1.25-1.30 bln, down from $1.34-1.39 bln, vs. $1.35 bln consensus.
8:53AM Kroger beats by $0.01, reports revs in-line; guides Q4 EPS below consensus (KR) 27.31 : Reports Q3 (Oct) earnings of $0.39 per share, ex-items, $0.01 better than the First Call consensus of $0.38; revenues rose 8.9% year/year to $17.58 bln vs the $17.42 bln consensus. Co issues downside guidance for Q4, sees EPS of $0.49-$0.52 vs. $0.53 consensus. Co reaffirms its identical supermarket sales guidance for FY08 and said it expects FY sales growth of 4.5-5.45%, ex-fuel. "Looking ahead to 2009, we are currently projecting identical supermarket sales growth, excluding fuel, of 3% to 5%. This will enable Kroger to generate earnings per share growth that, combined with Kroger's dividend, will create a favorable return for shareholders even in a difficult economic environment."
8:34AM KMG Chemicals reports Q1 EPS $0.14 vs $0.14 First Call consensus, a 37% increase over Q107; revs $52.2 mln vs $44.59 mln First Call consensus (KMGB) 3.99 : Co also maintains guidance for FY09, says "We are on track to meet our net sales goal of more than $200 million in fiscal 2009," vs consensus $195.72 mln.
7:02AM AutoZone beats by $0.05, reports revs in-line (AZO) 116.50 : Reports Q1 (Nov) earnings of $2.23 per share, $0.05 better than the First Call consensus of $2.18; revenues rose 1.6% year/year to $1.48 bln vs the $1.49 bln consensus.
12:19AM Mitcham Ind misses by $0.16, misses on revs; guides FY09 EPS below consensus, revs below consensus (MIND) 4.56 : Reports Q3 (Oct) earnings of $0.18 per share, excluding tax benefit, $0.16 worse than the First Call consensus of $0.34; revenues fell 15.5% year/year to $14.6 mln vs the $21.9 mln consensus. Co issues downside guidance for FY09, sees EPS of $0.96-1.10 vs. $1.33 consensus; sees FY09 revs of $67.0-70.0 mln vs. $80.83 mln consensus. Co announces Seamap was awarded orders totaling approx $11.0 mln by The Polarcus Group of Companies.
Showing posts with label KR. Show all posts
Showing posts with label KR. Show all posts
Tuesday, December 9, 2008
Tuesday, September 16, 2008
Earnings - 16th Sept 2008
4:36PM Darden Restaurants reports EPS in-line, revs in-line; guides FY09 revs in-line (DRI) 29.89 +0.37 : Reports Q1 (Aug) earnings of $0.61 per share, in-line with the First Call consensus of $0.61; revenues rose 20.9% year/year to $1.77 bln vs the $1.76 bln consensus. Co issues in-line guidance for FY09, sees FY09 revs growth of 12-13%, which equates to ~$7.43-7.49 bln vs. $7.44 bln consensus; sees FY09 EPS growth of 5-10%. On a blended basis, same-restaurant sales for Olive Garden, Red Lobster and LongHorn Steakhouse were down 1.0% compared to prior year.
4:19PM Morgan Stanley beats on top and bottom line (MS) 28.70 -3.49 : Reports Q3 (Aug) earnings of $1.32 per share, $0.54 better than the First Call consensus of $0.78; revenues rose 1.1% year/year to $8.05 bln vs the $6.32 bln consensus. The annualized return on average common equity from continuing operations was 16.5% in the current quarter, compared with 17.2% in the prior year. Co cites strong results in commodities, foreign exchange and equity trading, including a record in prime brokerage. The Firm continued to maintain strong liquidity and capital positions in the quarter with average total and parent liquidity of $175 billion and $81 billion, respectively, and leverage and adjusted leverage ratios of 23.5x and 12.9x, respectively. "Despite unprecedented market conditions, Morgan Stanley's core client franchise achieved solid revenue growth, profitability and ROE this quarter. Our people delivered particularly strong performance across our prime brokerage, commodities, foreign exchange and equities businesses, and we saw continued growth in our international business. We have continued to actively reduce our legacy positions and carefully manage our risk, capital and liquidity. I am confident that Morgan Stanley's strong balance sheet and product and geographic diversification leave us well-positioned to serve our clients and realize opportunities in these challenging markets." Equity sales and trading net revenues of $2.7 bln were 42% above last year's third quarter and included $0.5 bln from the widening of Morgan Stanley's credit spreads on certain long-term debt. The quarter's results reflect a decrease in the Company's annual effective tax rate from 30.0% in the second quarter to 29.0%, reflecting higher domestic tax credits. As of August 31, 2008, the co has not repurchased any shares of its common stock this fiscal year as part of its capital management share repurchase program. Total capital as of August 31, 2008 was $202.6 bln, including $46.1 billion of common equity, preferred equity and junior subordinated debt issued to capital trusts. Book value per common share was $31.25, based on 1.1 bln shares outstanding. The Company announced that its Board of Directors declared a $0.27 quarterly dividend per common share (unchanged from prior qtr).
4:07PM Adobe Systems beats by $0.04, beats on revs; guides Q4 EPS in-line, revs in-line (ADBE) 38.35 +0.27 : Reports Q3 (Aug) earnings of $0.50 per share, excluding non-recurring items, $0.04 better than the First Call consensus of $0.46; revenues rose 4.2% year/year to $887.3 mln vs the $876.7 mln consensus. Co issues in-line guidance for Q4, sees EPS of 0.51-0.53 vs. $0.51 consensus; sees Q4 revs of 925-955 vs. $939.41 mln consensus. The co also stated it is targeting an operating margin of ~39.5% on a non-GAAP basis.
9:07AM Monsanto raises guidance (MON) 105.04 : Mon raises FY08 ongoing EPS guidance to $3.58-3.60 vs $3.45 consensus; up from prior guidance of $3.37. The change in ongoing earnings reflected higher-than-expected sales and gross profit in the co's seeds and traits business and its Roundup and other glyphosate- based herbicide business. The ongoing EPS represents approximately 80% growth over last year's ongoing EPS of $1.99, and last year's reported EPS of $1.79 had even greater growth. Monsanto now expects its seeds and genomics segment will generate above $3.8 bln in gross profit for its 2008 fiscal year, up from the earlier expectation of $3.7 bln, representing a growth rate of more than 25% compared with 2007 gross profit. The increased expectation for segment gross profit reflects higher than expected sales from the company's corn, soybean and vegetable platforms... CFO Crews will indicate that Monsanto's Roundup and other glyphosate-based herbicides business is on track to be above $1.9 bln of gross profit for the 2008 fiscal year, ahead of the previous forecast. During Crews's presentation, he will also announce that Monsanto's guidance for free cash for fiscal year 2008 is now at approximately $750 mln, compared with previous guidance of $550 mln. Higher collections from accounts receivable and customer prepayments contributed to the increase in free cash flow. The co's free cash flow guidance for the 2008 fiscal year reflects the cash effect of Monsanto's acquisitions of the De Ruiter vegetable seed business and the Semillas Cristiani Burkard corn seed business.
8:55AM Kroger beats by $0.01, beats on revs; reaffirms FY09 EPS guidance, slightly below consensus (KR) 26.59 : Reports Q2 (Jul) earnings of $0.42 per share, $0.01 better than the First Call consensus of $0.41; revenues rose 12.4% year/year to $18.1 mln vs the $17625.9 mln consensus. Co reaffirms FY09 guidance, sees EPS of $1.80-$1.90 vs. $1.91 consensus. As stated in previous guidance, the Company anticipates that its lowest year-over-year earnings per share growth rate will occur in the third quarter. As a result, the Company anticipates its third quarter 2008 earnings per share results will range from slightly below to slightly above prior year results. Kroger expects its fourth quarter earnings per share growth rate will be higher than its annual growth rate.
8:22AM Goldman Sachs beats by $0.10, misses on revs (GS) 135.50 : Reports Q3 (Aug) earnings of $1.81 per share, $0.10 better than the First Call consensus of $1.71; revenues fell 35.9% year/year to $6.04 bln vs the $6.23 bln consensus. Annualized return on average tangible common shareholders' equity was 8.8% for the third quarter of 2008 and 16.3% for the first nine months of 2008. Annualized return on average common shareholders' equity was 7.7% for the third quarter of 2008 and 14.2% for the first nine months of 2008. Book value per common share increased 2% during the quarter to $99.30. The firm's Tier 1 Ratio was 11.6% at the end of the quarter. "This was a challenging quarter as we saw a marked decrease in client activity and declining asset valuations... Despite the deteriorating market conditions, the focus of our people and strength and breadth of our client franchise produced a solid performance in a tough environment. We remain well-positioned to meet the needs of our clients and identify and act on the right market opportunities." The firm repurchased 1.5 mln shares of its common stock at an average cost per share of $180.07, for a total cost of $271 mln during the quarter. The remaining share authorization under the firm's existing share repurchase program is 60.9 mln shares. Stock is trading at 128.39 in pre-mkt following earnings.
4:19PM Morgan Stanley beats on top and bottom line (MS) 28.70 -3.49 : Reports Q3 (Aug) earnings of $1.32 per share, $0.54 better than the First Call consensus of $0.78; revenues rose 1.1% year/year to $8.05 bln vs the $6.32 bln consensus. The annualized return on average common equity from continuing operations was 16.5% in the current quarter, compared with 17.2% in the prior year. Co cites strong results in commodities, foreign exchange and equity trading, including a record in prime brokerage. The Firm continued to maintain strong liquidity and capital positions in the quarter with average total and parent liquidity of $175 billion and $81 billion, respectively, and leverage and adjusted leverage ratios of 23.5x and 12.9x, respectively. "Despite unprecedented market conditions, Morgan Stanley's core client franchise achieved solid revenue growth, profitability and ROE this quarter. Our people delivered particularly strong performance across our prime brokerage, commodities, foreign exchange and equities businesses, and we saw continued growth in our international business. We have continued to actively reduce our legacy positions and carefully manage our risk, capital and liquidity. I am confident that Morgan Stanley's strong balance sheet and product and geographic diversification leave us well-positioned to serve our clients and realize opportunities in these challenging markets." Equity sales and trading net revenues of $2.7 bln were 42% above last year's third quarter and included $0.5 bln from the widening of Morgan Stanley's credit spreads on certain long-term debt. The quarter's results reflect a decrease in the Company's annual effective tax rate from 30.0% in the second quarter to 29.0%, reflecting higher domestic tax credits. As of August 31, 2008, the co has not repurchased any shares of its common stock this fiscal year as part of its capital management share repurchase program. Total capital as of August 31, 2008 was $202.6 bln, including $46.1 billion of common equity, preferred equity and junior subordinated debt issued to capital trusts. Book value per common share was $31.25, based on 1.1 bln shares outstanding. The Company announced that its Board of Directors declared a $0.27 quarterly dividend per common share (unchanged from prior qtr).
4:07PM Adobe Systems beats by $0.04, beats on revs; guides Q4 EPS in-line, revs in-line (ADBE) 38.35 +0.27 : Reports Q3 (Aug) earnings of $0.50 per share, excluding non-recurring items, $0.04 better than the First Call consensus of $0.46; revenues rose 4.2% year/year to $887.3 mln vs the $876.7 mln consensus. Co issues in-line guidance for Q4, sees EPS of 0.51-0.53 vs. $0.51 consensus; sees Q4 revs of 925-955 vs. $939.41 mln consensus. The co also stated it is targeting an operating margin of ~39.5% on a non-GAAP basis.
9:07AM Monsanto raises guidance (MON) 105.04 : Mon raises FY08 ongoing EPS guidance to $3.58-3.60 vs $3.45 consensus; up from prior guidance of $3.37. The change in ongoing earnings reflected higher-than-expected sales and gross profit in the co's seeds and traits business and its Roundup and other glyphosate- based herbicide business. The ongoing EPS represents approximately 80% growth over last year's ongoing EPS of $1.99, and last year's reported EPS of $1.79 had even greater growth. Monsanto now expects its seeds and genomics segment will generate above $3.8 bln in gross profit for its 2008 fiscal year, up from the earlier expectation of $3.7 bln, representing a growth rate of more than 25% compared with 2007 gross profit. The increased expectation for segment gross profit reflects higher than expected sales from the company's corn, soybean and vegetable platforms... CFO Crews will indicate that Monsanto's Roundup and other glyphosate-based herbicides business is on track to be above $1.9 bln of gross profit for the 2008 fiscal year, ahead of the previous forecast. During Crews's presentation, he will also announce that Monsanto's guidance for free cash for fiscal year 2008 is now at approximately $750 mln, compared with previous guidance of $550 mln. Higher collections from accounts receivable and customer prepayments contributed to the increase in free cash flow. The co's free cash flow guidance for the 2008 fiscal year reflects the cash effect of Monsanto's acquisitions of the De Ruiter vegetable seed business and the Semillas Cristiani Burkard corn seed business.
8:55AM Kroger beats by $0.01, beats on revs; reaffirms FY09 EPS guidance, slightly below consensus (KR) 26.59 : Reports Q2 (Jul) earnings of $0.42 per share, $0.01 better than the First Call consensus of $0.41; revenues rose 12.4% year/year to $18.1 mln vs the $17625.9 mln consensus. Co reaffirms FY09 guidance, sees EPS of $1.80-$1.90 vs. $1.91 consensus. As stated in previous guidance, the Company anticipates that its lowest year-over-year earnings per share growth rate will occur in the third quarter. As a result, the Company anticipates its third quarter 2008 earnings per share results will range from slightly below to slightly above prior year results. Kroger expects its fourth quarter earnings per share growth rate will be higher than its annual growth rate.
8:22AM Goldman Sachs beats by $0.10, misses on revs (GS) 135.50 : Reports Q3 (Aug) earnings of $1.81 per share, $0.10 better than the First Call consensus of $1.71; revenues fell 35.9% year/year to $6.04 bln vs the $6.23 bln consensus. Annualized return on average tangible common shareholders' equity was 8.8% for the third quarter of 2008 and 16.3% for the first nine months of 2008. Annualized return on average common shareholders' equity was 7.7% for the third quarter of 2008 and 14.2% for the first nine months of 2008. Book value per common share increased 2% during the quarter to $99.30. The firm's Tier 1 Ratio was 11.6% at the end of the quarter. "This was a challenging quarter as we saw a marked decrease in client activity and declining asset valuations... Despite the deteriorating market conditions, the focus of our people and strength and breadth of our client franchise produced a solid performance in a tough environment. We remain well-positioned to meet the needs of our clients and identify and act on the right market opportunities." The firm repurchased 1.5 mln shares of its common stock at an average cost per share of $180.07, for a total cost of $271 mln during the quarter. The remaining share authorization under the firm's existing share repurchase program is 60.9 mln shares. Stock is trading at 128.39 in pre-mkt following earnings.
Tuesday, June 24, 2008
Earnings - 24th June 2008
5:04PM Sonic misses by $0.03, misses on revs; guides FY08 EPS below consensus (SONC) 16.51 +0.22 : Reports Q3 (May) earnings of $0.28 per share, $0.03 worse than the First Call consensus of $0.31; revenues rose 1.5% year/year to $213 mln vs the $220 mln consensus. Co issues downside guidance for FY08, sees EPS growth of 4-6%, which equates to ~$1.00-1.02 vs. $1.05 consensus.
4:44PM Darden Restaurants beats by $0.03, reports revs in-line; guides FY09 EPS in-line, revs above consensus (DRI) 31.60 +0.95 : Reports Q4 (May) earnings of $0.78 per share, excluding non-recurring items, $0.03 better than the First Call consensus of $0.75; revenues rose 25.1% year/year to $1.83 bln vs the $1.82 bln consensus. Co issues in-line guidance for FY09, sees EPS growth of 9-10%, excluding items, which equates to ~$2.98-3.01 vs. $2.99 consensus; sees FY09 revs growth of 14-15%, which equate as ~$7.56-7.62 bln vs. $7.39 bln consensus.
4:07PM Silicon Labs raises Q2 EPS and revs guidance (SLAB) 35.84 +0.02 : Co sees Q2 EPS of $0.40-0.42, up from $0.37-0.39 vs $0.38 First Call consensus; revs $102-104 mln, up from $98-101 mln vs $100.00 mln First Call consensus. Co cites stronger than expected demand, particularly in the voice and embedded modem businesses. The guidance revision was provided as an update concurrent with the announcement of the acquisition of Integration Associates, also made today.
4:06PM 3Com beats by $0.04, beats on revs (COMS) 2.37 -0.02 : Reports Q4 (May) earnings of $0.09 per share, excluding non-recurring items, $0.04 better than the First Call consensus of $0.05; revenues rose 3.3% year/year to $321.3 mln vs the $315.3 mln consensus.
4:05PM AeroVironment beats by $0.03, beats on revs; guides FY09 revs in-line (AVAV) 25.01 +0.24 : Reports Q4 (Apr) earnings of $0.30 per share, $0.03 better than the First Call consensus of $0.27; revenues rose 26.8% year/year to $64.3 mln vs the $59.3 mln consensus. Co issues in-line guidance for FY09, sees FY09 revs growth of 20-25%, which equates to ~$258.9-269.7 mln vs. $259.44 mln consensus.
4:04PM Jabil Circuit beats by $0.06, reports revs in-line; guides Q4 EPS in-line, guides Q4 revs (JBL) 14.29 +0.05 : Reports Q3 (May) earnings of $0.26 per share, excluding non-recurring items, $0.06 better than the First Call consensus of $0.20; revenues rose 2.9% year/year to $3.09 bln vs the $3.08 bln consensus. Co issues guidance for Q4, sees EPS of $0.29-0.33, excluding non-recurring items, vs. $0.29 consensus; sees Q4 revs of $3.2-3.3 bln vs. $3.19 bln consensus.
4:03PM L-1 Identity Solutions reaffirms Q2 EPS guidance of $0.04 vs $0.03 consensus; revs $140-145 mln vs $138.34 mln consensus (ID) 13.19 -0.25 : Co reaffirms Q2 EPS guidance of $0.04 vs $0.03 First Call consensus; revs $140-145 mln vs $138.34 mln First Call consensus. Sees Adjusted EBITDA at the top end of the range at approximately $22.0 mln (consensus $19.9 mln). "Regarding the Digimarc transaction and the recently announced unsolicited offer from Safran, we are assessing our options. However, I want to reassure our investors that the merger agreement is still intact and that we will use all of our resources in Washington, within the Department of Defense, Department of Homeland Security and the State and Local Governments to prevent sensitive data and information of our citizens from falling into the hands of a foreign entity, particularly one that is 30 percent owned and controlled by the French Government."
8:51AM Reliance Steel guides Q2 EPS above prior guidance and consensus; sees Q2 EPS of $2.00-2.10 vs $1.64 consensus (RS) 73.48 : Co said, "Because the prices for carbon steel products have increased more significantly and more rapidly than we had anticipated and because we have been successful in expanding our gross profit margins more than anticipated in the current environment, we have increased our earnings guidance."
8:33AM Kroger beats by $0.03; raises low end of FY09 EPS guidance; raises same store sales guidance (KR) 26.00 : Reports Q1 (Apr) earnings of $0.58 per share, $0.03 better than the First Call consensus of $0.55; revenues rose 11.5% year/year to $23.11 bln vs the $22.32 bln consensus. Co issues in-line guidance for FY09, sees EPS of $1.85-1.90 vs. $1.90 consensus, prior guidance $1.83-1.90. Company raised its identical sales and earnings guidance for fiscal 2008. Based on the strength of its first quarter results, Kroger now expects identical sales growth of 4.0% to 5.5%, excluding fuel, for fiscal 2008. Previous guidance was 3.0% to 5.0%.
8:33AM ConAgra Q4 EPS to be higher than planned (CAG) 22.22 : Co sees Q4 EPS to be higher than the co's original EPS estimate of $0.30-0.35, ex-items, vs $0.36 consensus. The higher-than-planned EPS primarily reflects very strong Trading & Merchandising profits, which are now classified within discontinued operations. The co is also pleased with the overall performance of the Food & Ingredients segment, as well as improved execution with regard to pricing in the Consumer Foods segment.
7:03AM Centurytel announces increased dividend and acceleration of share repurchase program; expects to meet or exceed its previously announced Q2 operating revs and diluted EPS guidance of $647-$657 mln and $0.78-$0.82 (CTL) 31.25 : Co announces that its Board of Directors determined to: 1) increase it's annual cash dividend to $2.80 from $.27 per share; 2) declare a one-time dividend of $.6325 per share, payable on July 21, 2008, to shareholders of record on July 7, 2008, effectively adjusting the total second quarter dividend to the new $.70 quarterly dividend rate; 3) utilize future share buybacks to target net debt at 2.75 times operating cash flow; 4) accelerate purchases under the current $750 mln share repurchase program to complete the remaining balance of approximately $385 mln by year end 2008 or early 2009, which is expected to increase the co's ratio of net debt to operating cash flow; and 5) continue to distribute substantially all of CenturyTel's free cash flow to shareholders. The co also expects to meet or exceed its previously announced Q2 operating revs and diluted EPS, excluding nonrecurring items, of $647 to $657 mln (consensus of $652.7 mln) and $0.78-$0.82 (vs $0.80 consensus), respectively.
4:44PM Darden Restaurants beats by $0.03, reports revs in-line; guides FY09 EPS in-line, revs above consensus (DRI) 31.60 +0.95 : Reports Q4 (May) earnings of $0.78 per share, excluding non-recurring items, $0.03 better than the First Call consensus of $0.75; revenues rose 25.1% year/year to $1.83 bln vs the $1.82 bln consensus. Co issues in-line guidance for FY09, sees EPS growth of 9-10%, excluding items, which equates to ~$2.98-3.01 vs. $2.99 consensus; sees FY09 revs growth of 14-15%, which equate as ~$7.56-7.62 bln vs. $7.39 bln consensus.
4:07PM Silicon Labs raises Q2 EPS and revs guidance (SLAB) 35.84 +0.02 : Co sees Q2 EPS of $0.40-0.42, up from $0.37-0.39 vs $0.38 First Call consensus; revs $102-104 mln, up from $98-101 mln vs $100.00 mln First Call consensus. Co cites stronger than expected demand, particularly in the voice and embedded modem businesses. The guidance revision was provided as an update concurrent with the announcement of the acquisition of Integration Associates, also made today.
4:06PM 3Com beats by $0.04, beats on revs (COMS) 2.37 -0.02 : Reports Q4 (May) earnings of $0.09 per share, excluding non-recurring items, $0.04 better than the First Call consensus of $0.05; revenues rose 3.3% year/year to $321.3 mln vs the $315.3 mln consensus.
4:05PM AeroVironment beats by $0.03, beats on revs; guides FY09 revs in-line (AVAV) 25.01 +0.24 : Reports Q4 (Apr) earnings of $0.30 per share, $0.03 better than the First Call consensus of $0.27; revenues rose 26.8% year/year to $64.3 mln vs the $59.3 mln consensus. Co issues in-line guidance for FY09, sees FY09 revs growth of 20-25%, which equates to ~$258.9-269.7 mln vs. $259.44 mln consensus.
4:04PM Jabil Circuit beats by $0.06, reports revs in-line; guides Q4 EPS in-line, guides Q4 revs (JBL) 14.29 +0.05 : Reports Q3 (May) earnings of $0.26 per share, excluding non-recurring items, $0.06 better than the First Call consensus of $0.20; revenues rose 2.9% year/year to $3.09 bln vs the $3.08 bln consensus. Co issues guidance for Q4, sees EPS of $0.29-0.33, excluding non-recurring items, vs. $0.29 consensus; sees Q4 revs of $3.2-3.3 bln vs. $3.19 bln consensus.
4:03PM L-1 Identity Solutions reaffirms Q2 EPS guidance of $0.04 vs $0.03 consensus; revs $140-145 mln vs $138.34 mln consensus (ID) 13.19 -0.25 : Co reaffirms Q2 EPS guidance of $0.04 vs $0.03 First Call consensus; revs $140-145 mln vs $138.34 mln First Call consensus. Sees Adjusted EBITDA at the top end of the range at approximately $22.0 mln (consensus $19.9 mln). "Regarding the Digimarc transaction and the recently announced unsolicited offer from Safran, we are assessing our options. However, I want to reassure our investors that the merger agreement is still intact and that we will use all of our resources in Washington, within the Department of Defense, Department of Homeland Security and the State and Local Governments to prevent sensitive data and information of our citizens from falling into the hands of a foreign entity, particularly one that is 30 percent owned and controlled by the French Government."
8:51AM Reliance Steel guides Q2 EPS above prior guidance and consensus; sees Q2 EPS of $2.00-2.10 vs $1.64 consensus (RS) 73.48 : Co said, "Because the prices for carbon steel products have increased more significantly and more rapidly than we had anticipated and because we have been successful in expanding our gross profit margins more than anticipated in the current environment, we have increased our earnings guidance."
8:33AM Kroger beats by $0.03; raises low end of FY09 EPS guidance; raises same store sales guidance (KR) 26.00 : Reports Q1 (Apr) earnings of $0.58 per share, $0.03 better than the First Call consensus of $0.55; revenues rose 11.5% year/year to $23.11 bln vs the $22.32 bln consensus. Co issues in-line guidance for FY09, sees EPS of $1.85-1.90 vs. $1.90 consensus, prior guidance $1.83-1.90. Company raised its identical sales and earnings guidance for fiscal 2008. Based on the strength of its first quarter results, Kroger now expects identical sales growth of 4.0% to 5.5%, excluding fuel, for fiscal 2008. Previous guidance was 3.0% to 5.0%.
8:33AM ConAgra Q4 EPS to be higher than planned (CAG) 22.22 : Co sees Q4 EPS to be higher than the co's original EPS estimate of $0.30-0.35, ex-items, vs $0.36 consensus. The higher-than-planned EPS primarily reflects very strong Trading & Merchandising profits, which are now classified within discontinued operations. The co is also pleased with the overall performance of the Food & Ingredients segment, as well as improved execution with regard to pricing in the Consumer Foods segment.
7:03AM Centurytel announces increased dividend and acceleration of share repurchase program; expects to meet or exceed its previously announced Q2 operating revs and diluted EPS guidance of $647-$657 mln and $0.78-$0.82 (CTL) 31.25 : Co announces that its Board of Directors determined to: 1) increase it's annual cash dividend to $2.80 from $.27 per share; 2) declare a one-time dividend of $.6325 per share, payable on July 21, 2008, to shareholders of record on July 7, 2008, effectively adjusting the total second quarter dividend to the new $.70 quarterly dividend rate; 3) utilize future share buybacks to target net debt at 2.75 times operating cash flow; 4) accelerate purchases under the current $750 mln share repurchase program to complete the remaining balance of approximately $385 mln by year end 2008 or early 2009, which is expected to increase the co's ratio of net debt to operating cash flow; and 5) continue to distribute substantially all of CenturyTel's free cash flow to shareholders. The co also expects to meet or exceed its previously announced Q2 operating revs and diluted EPS, excluding nonrecurring items, of $647 to $657 mln (consensus of $652.7 mln) and $0.78-$0.82 (vs $0.80 consensus), respectively.
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