Earnings - 30th April 2009(1)

7:10AM Genesis Lease beats by $0.02, reports revs in-line (GLS) 3.77 : Reports Q1 (Mar) earnings of $0.28 per share, $0.02 better than the First Call consensus of $0.26; revenues rose 4.5% year/year to $57.1 mln vs the $56.9 mln consensus.

7:09AM Procter & Gamble beats by $0.04, misses on revs; guides FY09 EPS in-line (PG) 50.42 : Reports Q3 (Mar) earnings of $0.84 per share, $0.04 better than the First Call consensus of $0.80; revenues fell 8.0% year/year to $18.4 mln vs the $18.91 bln consensus. Co is comfortable with analysts' current consensus earnings per share estimate of $4.22, with a range of $4.20-4.25.  For the 2009 fiscal year, the Company expects organic sales to grow by two to three percent. Net sales are expected to be down two to four percent driven primarily by unfavorable foreign exchange of about five percent (consensus is for total revs to decline by ~3%). Operating margin, which includes about 50 basis points of incremental Folgers-related restructuring charges, is expected to be consistent with the prior fiscal year.

7:07AM China Security and Surveillance beats by $0.01, beats on revs; reaffirms FY09 EPS guidance, revs guidance (CSR) 6.05 : Reports Q1 (Mar) earnings of $0.30 per share,$0.01 better than the First Call consensus of $0.29; revenues rose 34.3% year/year to $96.4 mln vs the $87.6 mln consensus. Co reaffirms guidance for FY09, sees EPS of $2.16-2.26 vs. $2.11 consensus; sees FY09 revs of $600-630 mln vs. $601.21 mln consensus.

7:05AM Sepracor beats by $0.16, reports revs in-line; reaffirms FY09 EPS guidance, revs guidance (SEPR) 14.44 : Reports Q1 (Mar) earnings of $0.85 per share, excluding non-recurring items, $0.16 better than the First Call consensus of $0.69; revenues rose 2.9% year/year to $330.2 mln vs the $328.6 mln consensus. Co reaffirms guidance for FY09, sees EPS of $2.10-2.70, excluding non-recurring items, vs. $2.43 consensus; sees FY09 revs of $1.15-1.25 bln vs. $1.21 bln consensus.

7:04AM Digital Realty Trust beats by $0.03, beats on revs (DLR) 37.41 : Reports Q1 (Mar) funds from operations of $0.70 per share, $0.03 better than the First Call consensus of $0.67; revenues rose 30.2% year/year to $149.1 mln vs the $147.2 mln consensus.

7:02AM Natus Medical beats by $0.01, reports revs in-line; guides Q2 EPS below consensus, revs below consensus; guides FY09 EPS below consensus, revs below consensus (BABY) 8.50 : Reports Q1 (Mar) earnings of $0.03 per share, $0.01 better thanthe First Call consensus of $0.02; revenues fell 9.5% year/year to $33.4 mln vs the $33.3 mln consensus. Co issues downside guidance for Q2, sees EPS of $0.05-0.06 vs. $0.07 consensus; sees Q2 revs of $34.5-35.5 vs. $36.98 mln consensus. Co issues downside guidance for FY09, sees EPS of $0.31-0.34 vs. $0.37 consensus; sees FY09 revs of $143-146 vs. $151.69 mln consensus. "The severe worldwide economic downturn that started to impact our business in December 2008 continued to influence our results for the first quarter of 2009. In the quarter, we had been working on several large orders that were not placed as hospitals continue to reduce capital equipment expenditures. We believe that these orders have been pushed out and not lost. However, the exact timing of these orders remains uncertain."

7:02AM Colgate-Palmolive beats by $0.01, misses on revs (CL) 59.71 : Reports Q1 (Mar) earnings of $0.97 per share, $0.01 better than the First Call consensus of $0.96; revenues fell 5.7% year/year to $3.5 bln vs the $3.6 bln consensus. Co says "We are delighted to begin 2009 with continued strong top-line momentum with organic sales increasing 8.0%. Also, our gross margin, operating margin and net profit as a percent to sales increased during the quarter, despite difficult economic conditions worldwide. Our cost-cutting and efficiency programs as well as increased pricing more than offset the impact during the quarter of higher raw and packaging material costs worldwide and the strengthening dollar.... Looking ahead, we have a very full new product pipeline for the balance of the year, which should contribute to positive unit volume growth in the second quarter and for the full year. We expect our strong organic sales growth to continue, driven by both positive volume and higher pricing.... The benefits of recently easing commodity and oil prices have begun to flow through and should build as the year goes on. This, coupled with the higher pricing and our ongoing aggressive savings programs, should offset the expected impact of the stronger dollar on raw and packaging material costs, indicating that gross profit margin should increase as the year progresses and be up at least at the high end of our targeted range of 75 to 125 basis points for the full year 2009. Overall, we are comfortable with external profit expectations for both the second quarter and the year." (Briefing.com note: Q2 consensus is $1.05/3.769 bln and FY09 consensus is $4.21/15.079 bln)

6:38AM LKQ Corp beats by $0.02, reports revs in-line; guides FY09 EPS in-line (LKQX)16.35 : Reports Q1 (Mar) earnings of $0.23 per share, $0.02 better than the First Call consensus of $0.21; revenues rose 5.3% year/year to $518 mln vs the $522.6 mln consensus. Co issues in-line guidance for FY09, sees EPS of $0.80-0.86 vs. $0.82 consensus. Organic revenue growth, excluding Other Revenue which will continue to be impacted by weak commodity prices, is projected to grow at a rate of 6% to 8%. 

6:33AM Dow Chemical beats by $0.33, misses on revs (DOW) 13.51 : Reports Q1 (Mar) earnings of $0.12 per share, excluding excluding pretax charge of $19 mln for additional severance related to the fourth quarter of 2008 restructuring; $48 mln in pretax transaction costs related to the acquisition of Rohm and Haas Company; and the Company's $29 mln share of a restructuring charge recognized by Dow Corning Corporation, a 50% owned nonconsolidated affiliate of the Company, $0.33 better than the First Call consensus of ($0.21); revenues fell 38.7% year/year to $9.09 bln vs the $11.69 bln consensus. Co says "There are some signs that the pace of global economic decline is moderating. The broad diversity of Dow's product mix enables us to have better visibility on true market demand, especially in parts of the world, such as in China, where domestic stimulus programs are beginning to take hold. "Having said that, it's prudent to expect that 2009 will still be a recessionary year globally, and we are not counting on material improvements in economic conditions in the near term. We remain focused on managing what is in our control, namely reducing costs and capital spending, delivering on our action plan to de-leverage our balance sheet, and smoothly and successfully integrating Rohm and Haas into the new Dow. These actions are paramount to our long-term strategy to transform Dow into an earnings-growth company." Co reports volume declined 19% compared with the same quarter of 2008, while price was down 20%, reflecting the effects of the ongoing recessionary business climate and continued inventory de-stocking in most value chains.

6:33AM Strayer Education beats by $0.10, beats on revs; guides Q2 EPS above consensus (STRA) 178.96 : Reports Q1 (Mar) earnings of $2.07 per share, $0.10 better than the First Call consensus of $1.97; revenues rose 28.2% year/year to $124.5 mln vs the $122.8 mln consensus. Co issues upside guidance for Q2, sees EPS of $1.95-1.97 vs. $1.80 consensus. Enrollment at Strayer University for the 2009 spring term increased 22% to 46,038 students compared to 37,733 for the same term in 2008. Across the Strayer University campus and online system, new student enrollments increased 26%, while continuing student enrollments increased 21%. Global online students increased 40%. Students taking 100% of their classes online (including campus based students) increased 24%. The total number of students taking at least one class online increased 23%.

6:31AM Newell Rubbermaid beats by $0.12, reports revs in-line; guides Q2 EPS in-line; reaffirms FY09 EPS guidance (NWL) 8.67 : Reports Q1 (Mar) earnings of $0.20 per share, excluding non-recurring items, $0.12 better than the First Call consensus of $0.08; revenues fell 16.0% year/year to $1.2 bln vs the $1.19 bln consensus. Co issues in-line guidance for Q2, sees EPS of $0.30-0.37 vs. $0.33 consensus. Co reaffirms guidance for FY09, sees EPS of $1.00-1.25 vs. $1.00 consensus

6:24AM Newmont Mining beats by $0.02, beats on revs (NEM) 40.71 : Reports Q1 (Mar) earnings of $0.44 per share, excluding non-recurring items, $0.02 better than the First Call consensus of $0.42; revenues fell 20.1% year/year to $1.55 bln vs the $1.4 bln consensus. Net cash provided from continuing operations was $387.0 mln. Equity gold sales were 1.27 mln ounces at an average realized gold price of $906 per ounce. Equity copper sales were 43 mln pounds at an average realized copper price of $1.69 per pound. Co maintains its previously announced 2009 equity gold sales outlook of between 5.2-5.5 mln ounces at costs applicable to sales of between $400 and $440 per ounce. Costs applicable to sales are expected to change by approx $6 per ounce for every $10 change in the oil price and by roughly $3 per ounce for every 0.10 change in the Australian dollar exchange rate for the remainder of the year.

6:23AM Hornbeck Offshore beats by $0.09, reports revs in-line; guides FY09 EPS in-line (HOS) 20.71 : Reports Q1 (Mar) earnings of $1.01 per share, $0.09 better than the First Call consensus of $0.92; revenues rose 12.4% year/year to $109.6 mln vs the $110.4 mln consensus. Co issues in-line guidance for FY09, sees EPS of 3.50-3.97, $3.86. excluding the recently adopted APB 14-1 non-cash OID interest expense vs. $3.53 consensus. Co says guidance assumes that current Upstream and Downstream market conditions remain constant. Fleetwide average new generation OSV dayrates are anticipated to be in the $20,000 to $22,000 range and fleetwide new generation OSV utilization is anticipated to average in the high-80% to low-90% range for the annual 2009 guidance period. The co expects that cash operating expenses per vessel-day in fiscal 2009 will not materially increase over fiscal 2008 levels, excluding contract-related costs recoverable through higher dayrates or other revenue. Annual G&A expenses are expected to be in the range of 9% to 10% of revenues for fiscal 2009. The projected annual FAS 123R stock-based compensation expense, depreciation, amortization and net interest expense that underpin the co's diluted EPS guidance for the full-year 2009 are included in the attached data tables. Projected quarterly FAS 123R stock-based compensation expense, depreciation, amortization and net interest expense for the quarter ending June 30, 2009 are expected to be $2.4 mln, $11.4 mln, $5.9 mln and $4.7 mln, respectively. The co's annual effective tax rate is expected to be 36.3% for fiscal 2009. The coexpects total maintenance capital expenditures for the full-year 2009 to be approximately $32.6 mln.

4:44AM Carbo Ceramics beats by $0.04, misses on revs (CRR) 36.72 : Reports Q1 (Mar) earnings of $0.70 per share, $0.04 better than the First Call consensus of $0.66; revenues rose 0.3% year/year to $90.6 mln vs the $98.3 mln consensus.

3:39AM NYSE Euronext beats by $0.04, misses on revs (NYX) 22.52 : Reports Q1 (Mar) earnings of $0.43 per share, excluding non-recurring items, $0.04 better than the First Call consensus of $0.39; revenues rose 0.2% year/year to $1.11 bln vs the $1.13 bln consensus. Q109 gross revenues were impacted by lower European cash and derivatives volumes, currency headwinds and structural changes to the U.S. cash pricing model which increased gross revenues.

3:33AM Taiwan Semi beats by $0.02, beats on revs, raises Q2 revenue guidance (TSM) 10.08 : Reports Q1 (Mar) earnings of $0.01 per ADR, $0.02 better than the First Call consensus of ($0.01); revenues fell 57.9% year/year to $1.16 bln vs the $1.1 bln consensus. Co issues upside guidance for Q2, sees revenue of NT$71.0-74.0 bln vs NT$45.44 bln consensus. Co expects gross profit margin of 43.5-45.5% and expects operating profit margin of 30.5-32.5%. Management expects 2009 capital expenditure of approx $1.5 bln.

2:06AM BioMed Realty beats by $0.06, beats on revs; guides FY09 FFO above consensus (BMR) 11.04 : Reports Q1 (Mar) funds from operations of $0.51 per share, excluding non-recurring items, $0.06 better than the First Call consensus of $0.45; revenues rose 39.4% year/year to $94 mln vs the $84.8 mln consensus. Co issues upside guidancefor FY09, sees FFO of $1.72-1.82 vs. $1.67 consensus.

1:58AM Boston Prpts beats by $0.11, beats on revs; guides Q2 FFO above consensus; guides FY09 FFO in-line (BXP) 48.49 : Reports Q1 (Mar) funds from operations of $1.36 per share, excluding non-recurring items, $0.11 better than the First Call consensus of $1.25; revenues rose 1.6% year/year to $377.5 mln vs the $365.9 mln consensus. Co issues upside guidance for Q2, sees FFO of $1.26-1.28 vs. $1.19 consensus. Co issues in-line guidance for FY09, sees FFO of $4.65-4.80 vs. $4.77 consensus.

1:46AM FMC Tech misses by $0.07, issues in-line FY09 EPS guidance (FTI) 35.94 : Reports Q1 (Mar) earnings of $0.56 per share, $0.07 worse than the First Call consensus of 0.63; revneues increased 1.2% year/year to $1.053 bln vs $1.087 bln First Call consensus. Energy Production Systems' operating profits were up 10% over the Q108. The total co backlog was $3.4 bln at the end of the quarter. Co issues in-line guidance for FY09, sees EPS of $2.40-2.50 vs $2.40 First Call consensus.

Earnings - 19th Feb 2009

4:16PM Career Education beats by $0.18, reports revs in-line (CECO) 19.66 -2.15 : Reports Q4 (Dec) earnings of $0.38 per share, $0.18 better than the First Call consensus of $0.20; revenues fell 5.2% year/year to $431.8 mln vs the $435.5 mln consensus. Total student population was up 1% from 2007 to 98,000 students, Total online population was up 14% from 2007 to 36,300. Co says, "2008 was a year of progress for our organization and I am proud of our results. We exceeded our 2008 earnings and cash flow objectives while executing on our fundamental strategy of positioning the company to deliver our previously communicated 2010 milestones. We entered 2009 in a very strong financial position and will continue to invest in and improve our operating model with a heightened emphasis on generating greater revenue growth."

4:15PM Sup Energy Svcs beats by $0.10, beats on revs (SPN) 14.98 +0.31 : Reports Q4 (Dec) earnings of $1.09 per share, $0.10 better than the First Call consensus of $0.99; revenues rose 18.8% year/year to $491.8 mln vs the $482.1 mln consensus. Excluding the items impacting general and administrative expenses and earnings from equity-method investments, and applying the new effective income tax rate of 35.25%, fourth quarter adjusted net income was $85.9 million, or $1.10 adjusted diluted earnings per share. "In response to changing market conditions, our 2009 capital expenditures budget is $272 million, a 40% reduction as compared with $454 million in 2008. Our capital expenditures plan can be adjusted based on market factors. Despite anticipated lower activity in domestic land markets, we believe we can maintain market share for production-related services, given our investments in new coiled tubing and cased hole wireline equipment during the past two years."

4:09PM Red Robin Gourmet beats by $0.10, beats on revs (RRGB) 13.16 +0.16 : Reports Q4 (Dec) earnings of $0.43 per share, excluding $0.05 of charges for asset impairment, $0.10 better than the First Call consensus of $0.33; revenues rose 8.1% year/year to $198.6 mln vs the $196.3 mln consensus. The Company currently expects that traffic will remain negative in fiscal year 2009. In addition to the general macro economic pressures, the extent of the traffic declines may also be influenced by prior-year marketing activities, which create more difficult comparisons during certain periods. The Company also expects certain costs, such as minimum wage increases and select commodity cost increases, to continue to put pressure on restaurant-level profitability. Based on these factors, the Company currently anticipates that without any menu price increases, restaurant-level operating margins could decline by 50 to 100 basis points during fiscal year 2009, even after considering the benefit from reduced national advertising contributions and other cost reduction activities.

4:09PM Century Aluminum misses by $0.07, reports revs in-line (CENX) 2.87 -0.30 : Reports Q4 (Dec) loss of $0.54 per share, excluding non-recurring items, $0.07 worse thanthe First Call consensus of ($0.47); revenues fell 6.9% year/year to $402.2 mln vs the $402.9 mln consensus. Co says, "We continue to believe the factors supporting the long-term growth of aluminum demand remain in place. We expect that Century's improved liquidity and streamlined cost position will enable us to weather the current global financial crisis and prepare the co for renewed profitable growth once aluminum markets stabilize and recover. We have further options to enhance both our cost position and liquidity, and will implement them as appropriate to protect the long-term value of the co."

4:04PM Wright Medical beats by $0.10, reports revs in-line; guides Q1 EPS above consensus, revs below consensus; lowers FY09 guidance (WMGI) : Reports Q4 (Dec) earnings of $0.31 per share, excluding non-recurring items, $0.10 better than the First Call consensus of $0.21; revenues rose 16.4% year/year to $120.1 mln vs the $119.8 mln consensus. Co issues mixed guidance for Q1, sees EPS of $0.17-0.19 vs. $0.16 consensus; sees Q1 revs of $120-123 mln vs. $128.04 mln consensus. Co issues mixed guidance for FY09, sees EPS of $0.85-0.92 vs. $0.75 consensus (down from prior guidance of $0.96-1.02); sees FY09 revs of $500-510 mln vs. $515.11 mln consensus (down from prior guidance of $510-520 mln)

9:03AM Copa Holdings beats by $0.08, beats on revs (CPA) 29.49 : Reports Q4 (Dec) earnings of $1.20 per share, $0.08 better than the First Call consensus of $1.12; revenues rose 21.6% year/year to $346.1 mln vs the $339.8 mln consensus.

8:51AM Apache misses by $0.44, misses on revs (APA) 67.09 : Reports Q4 (Dec) earnings of $0.82 per share, excluding non-recurring items, $0.44 worse than the First Call consensus of $1.26; revenues fell 35.8% year/year to $1.94 bln vs the $2.22 bln consensus. Co says, "With a number of development projects coming on line in the first half of 2009, we are projecting production growth of 6 to 14% in 2009, depending on capital availability. We are striving to keep our discretionary spending in line with 2009 cash flow to retain our financial flexibility." In 2008, production declined 5% to 534,000 barrels of oil equivalent per day as a result of the June 3 pipeline explosion and fire at APA's Varanus Island hub offshore Western Australia as well as the impact of two hurricanes in the Gulf of Mexico. Had those events not occurred, 2008 production would have increased 2%. APA produced 1.6 bln cubic feet (Bcf) of natural gas and 265,000 barrels of liquid hydrocarbons per day in 2008, compared with 1.8 Bcf and 262,000 barrels per day in 2007. In Q4, Apache produced 1.5 Bcf of gas per day and 262,000 barrels of liquid hydrocarbons per day. Apache replaced 122% of production in 2008, including 118% through drilling.

8:39AM XTO Energy misses by $0.10, misses on revs (XTO) 34.36 : Reports Q4 (Dec) earnings of $0.68 per share, $0.10 worse than the First Call consensus of $0.78; revenues rose 23.3% year/year to $1.96 bln vs the $2.06 bln consensus. Fourth quarter daily gas production averaged 2.17 billion cubic feet (Bcf), up 30% from fourth quarter 2007 daily production of 1.67 Bcf. Daily oil production for the fourth quarter was 63.5 thousand barrels, a 30% increase from the fourth quarter 2007 level of 48.8 thousand barrels. During the fourth quarter, natural gas liquids production was 15.4 thousand barrels per day, a 7% increase from the fourth quarter 2007 rate of 14.5 thousand barrels per day. "Looking ahead, we have hedged 80% of projected production volumes at an equivalent price of about $10.70 per Mcfe to protect our financial returns in 2009. Given these commodity hedges and even with the current price environment, we anticipate another record year of cash flow generation. Our capital budget of $3.2 billion is designed to deliver efficient growth of 14% for the year, while building the infrastructure needed for the future." The Company is targeting annual production growth of 14% for 2009.

8:36AM Goldcorp beats by $0.01, misses on revs (GG) 32.56 : Reports Q4 (Dec) earnings of $0.12 per share, $0.01 better than the First Call consensus of $0.11; revenues fell 10.4% year/year to $609 mln vs the $626.9 mln consensus.

8:31AM Gamestop narrows JanQ guidance to high end; guides FY09 above consensus (GME) 24.87 : GameStop is narrowing its previously announced Q4 (Jan) EPS guidance to the high-end of the previous range. EPS is now expected to range from $1.33-1.34 vs consensus of $1.33. For the first time in the company's history, quarterly sales exceeded $3 bln as total sales were $3.5 bln vs consensus of $3.46 bln. Co expects to outperform the retail sector again in FY09 despite the global recession. Co projects 2009 growth as follows: Revs up 10-12% which computes to $9.68-9.86 bln vs consensus of $9.67 bln. Co expects EPS to rise 18-22%, which computes to approx $2.83-2.92 vs consensus of $2.77.

7:37AM Pride Intl beats by $0.08, misses on revs (PDE) 15.78 : Reports Q4 (Dec) earnings of $1.13 per share, excluding non-recurring items, $0.08 better than the First Call consensus of $1.05; revenues rose 28.9% year/year to $621.6 mln vs the $630.6 mln consensus. "Pride International is well-positioned to successfully operate in this more difficult offshore business climate. Our revenue backlog, currently $8.6 billion, excluding performance bonus opportunities, is expected to provide annual revenues of between $1.5 and $2.0 billion for each of the next four years. In addition, our capital structure remains strong, and we have only nominal debt maturities of approximately $30 million in each of the next three years. With our business transformation nearly complete, we will continue positioning the company as a unique offshore drilling choice for investors with an increasing emphasis in deepwater." Although the urgency by some customers to contract deepwater rigs has diminished in early 2009, primarily due to the difficult global economic environment, which has contributed to the abrupt decline in crude oil prices since mid 2008, deepwater activity is expected to remain healthy.

7:34AM Diana Shipping reports EPS in-line, beats on revs (DSX) 13.63 : Reports Q4 (Dec) earnings of $0.72 per share, in-line with the First Call consensus of $0.72; revenues rose 43.1% year/year to $84.3 mln vs the $81.9 mln consensus. Co attributes increase in revenues to an increase in prevailing time charter rates and the increase in operating days due to the enlargement of the Company's fleet. "In a challenging economic environment, Diana Shipping achieved solid growth in revenues and earnings for the fourth quarter and full year 2008. While business conditions remain unsettled, we are well-positioned to operate our business successfully and to seize upon opportunities that may emerge in the coming year. We have cultivated and expanded our relationships with some of the strongest charterers in the industry. Our balance sheet is healthy and not over-leveraged. And our young, efficient fleet provides a significant competitive advantage. We believe the current dislocations in the dry bulk marketplace will offer many opportunities for companies with good revenue visibility, strong capital and liquidity, and management teams with a disciplined approach to managing risk and creating value. We fully intend to take advantage of those opportunities for the long-term benefit of our shareholders."

7:33AM Noble Energy beats by $0.12 (NBL) 48.64 : Reports Q4 (Dec) earnings of $0.91 per share, excluding non-recurring items, $0.12 better than the First Call consensus of $0.79; revenues fell 37.8% year/year to $573 mln.

7:03AM Conns raises Q4 guidance to a range of $0.66-$0.68 (vs $0.57 consensus), from previous range of $0.53-$0.58 (CONN) 14.05 : Co announces it expects to report diluted EPS, excluding potential fair value and goodwill adjustments, in a range of $0.66-$0.68 (vs $0.57 consensus), which is up from previous range of $0.53-$0.58. This strong performance in the current quarter was driven by a 22.3% increase in net sales, on a 12.5% same store sales gain, as product margins improved as compared to the quarter ended October 31, 2008, and expense leverage improved on the strong sales gains. Driven by the continued volatility in the financial markets, the co expects to record an additional non-cash decrease in the fair value of its interests in securitized assets for the quarter ended January 31, 2009, though the decrease is not expected to be as large as the decrease recorded in the quarter ended October 31, 2008. The co reported that the credit portfolio recovery is progressing very well after experiencing the negative impacts of Hurricanes Gustav and Ike, with the portfolio performing in-line with its expectations.

6:36AM Barnes Group beats by $0.08, misses on revs; guides FY09 EPS in-line (B)10.29 : Reports Q4 (Dec) earnings of $0.19 per share, excluding non-recurring items, $0.08 better than the First Call consensus of $0.11; revenues fell 25.1% year/year to $265.4 mln vs the $282.2 mln consensus. Co issues in-line guidance for FY09, sees EPS of $1.20-1.50 vs. $1.36 consensus. Co says, "Our focus for 2009 is on maximizing cash flow generation by aggressively managing our working capital and improving operating performance in a significantly slower demand environment. We will continue to carefully fund lean enterprise activities and seek opportunities to leverage existing capabilities to meet the needs of our customers and position our businesses for long-term sustainable growth. We believe that our diversified portfolio of businesses, strong balance sheet, and our recent cost-saving actions position the co to manage through these challenging economic times."

6:13AM Hornbeck Offshore beats by $0.26, beats on revs; guides FY09 EPS below consensus (HOS) 14.01 : Reports Q4 (Dec) earnings of $1.31 per share, $0.26 better thanthe First Call consensus of $1.05; revenues rose 19.7% year/year to $121 mln vs the $114.9 mln consensus. Co issues downside guidance for FY09, sees EPS of $3.50-$3.97 vs. $4.06 consensus. Primary reasons for the increase in revenues, operating income, net income and EBITDA were the incremental contribution of vessels added to the co's fleet in 2008, continued favorable market conditions for new generation offshore supply vessels and a full-quarter contribution from the HOS Achiever, the co's first multi-purpose support vessel that was placed in service in October 2008.

6:04AM Newmont Mining beats by $0.01, misses on revs (NEM) 42.76 : Reports Q4 (Dec) earnings of $0.26 per share, excluding non-recurring items, $0.01 better than the First Call consensus of $0.25; revenues fell 4.8% year/year to $1.34 bln vs the $1.42 bln consensus. Co said, "We are pleased with the strong financial results for the fourth quarter and for 2008. These results, combined with the operating results previously announced, continue to demonstrate our commitment to consistently delivering on our plans. In the first part of 2009, we secured $1.7 billion in additional liquidity to improve our financial flexibility and to purchase the remaining 33.33% interest in Boddington, thereby giving Newmont full access to one of the largest gold projects in the world. We are excited about Boddington's potential and look forward to capitalizing on this unique opportunity. As we turn our attention to 2009, our focus remains on operational and project execution, as well as disciplined capital investments."

1:46AM O'Reilly Auto beats by $0.07, beats on revs; guides Q1 EPS in-line; guides FY09 EPS above consensus (ORLY) 27.74 : Reports Q4 (Dec) earnings of $0.37 per share, excluding acquisition-related charges, $0.07 better than the First Call consensus of $0.30; revenues rose 84.5% year/year to $1.11 bln vs the $1.05 bln consensus. Co issues in-line guidance for Q1, sees EPS of 0.36-0.40, excluding non-recurring items, vs. $0.40 consensus. Co issues upside guidance for FY09, sees EPS of $1.83-1.87, excluding non-recurring items, vs. $1.79 consensus. Comparable store sales for O'Reilly stores open at least one year increased 6.2% and 2.6% for the fourth quarter and year ended December 31, 2008, respectively. Comparable store sales for CSK stores open at least one year increased 0.8% for the fourth quarter ended December 31, 2008, and decreased 1.7% for the portion of CSK's sales in 2008 since the July 11 acquisition. Consolidated comparable store sales for stores open at least one year increased 4.0% and 1.5% for the fourth quarter and year ended December 31, 2008, respectively. Co forecasts consolidated comparable store sales for Q109 and FY09 to increase 2.0-4.0% and 2.0-4.0%, respectively.

12:38AM McCormick reaffirms FY09 EPS guidance (MKC) 30.80 : Co reaffirms guidance for FY09 (Nov), sees EPS of $2.24-2.28, includes impact of charges form restructuring program which are estimated to be $0.05 in FY09 and may not be comparable to $2.30 First Call consensus. On a comparable basis, excluding the impact of restructuring charges and unusual items, this is an increase of 7 to 9% versus 2008.

12:33AM Navios Maritime misses by $0.07, beats on revs (NM) 3.10 : Reports Q4 (Dec) earnings of $0.03 per share, excluding non-recurring items, $0.07 worse than the First Call consensus of $0.10; revenues fell 30.9% year/year to $213.2 mln vs the $210.3 mln consensus.

Earnings - 24th July 2008 (1)

6:39AM Medco Health Solutions beats by $0.02, beats on revs; guides FY08 EPS in-line (MHS) 46.86 : Reports Q2 (Jun) earnings of $0.56 per share, $0.02 better than the First Call consensus of $0.54. Co raises their FY08 guidance to $2.30-2.33 (vs. $2.31 consensus), up from $2.27-2.31.

6:36AM Strayer Education beats by $0.03, beats on revs; guides Q3 EPS above consensus (STRA) 205.88 : Reports Q2 (Jun) earnings of $1.50 per share, $0.03 better than the First Call consensus of $1.47; revenues rose 24.1% year/year to $97.9 mln vs the $96.9 mln consensus. Enrollment at Strayer University for the 2008 summer term increased 20% to 34,176 students compared to 28,461 students for the same term in 2007. Across the Strayer University campus and online system, continuing student enrollments increased 21%, while new student enrollments increased 17%. Global online students increased 51%. Students taking 100% of their classes online (including campus based students) increased 23%. The total number of students taking at least one class online increased 22% to 25,166. Co issues upside guidance for Q3, sees EPS of $0.79-0.81 vs. $0.75 consensus.

6:33AM Dow Chemical misses by $0.04, beats on revs (DOW) 34.24 : Reports Q2 (Jun) earnings of $0.81 per share, $0.04 worse than the First Call consensus of $0.85; revenues rose 23.5% year/year to $16.38 bln vs the $14.89 bln consensus.

6:32AM Kinetic Concepts beats by $0.05, beats on revs; guides FY08 revs above consensus (KCI) 41.81 : Reports Q2 (Jun) earnings of $0.98 per share, excluding non-recurring items, $0.05 better than the First Call consensus of $0.93; revenues rose 16.5% year/year to $462.1 mln vs the $447.3 mln consensus. Co issues guidance for FY08, sees GAAP EPS of $2.47-2.57, may not be comparable to $3.79 consensus; sees FY08 revs of $1.917-1.947 bln vs. $1.85 bln consensus.

6:30AM EnCana beats by $0.12, beats on revs (ECA) 72.62 : Reports Q2 (Jun) earnings of $1.96 per share, excluding non-recurring items, $0.12 better than the First Call consensus of $1.84; revenues rose 30.4% year/year to $7.32 bln vs the $5.95 bln consensus. Co raises Y08 cash flow guidance to $10-11 bln. Co raises natural gas production forecast by 70 MMcf/d to 3.85 Bcf/d.


6:22AM Potash beats by $0.21, beats on revs (POT) 200.69 : Reports Q2 (Jun) earnings of $2.82 per share, $0.21 better than the First Call consensus of $2.61; revenues rose 93.7% year/year to $2.62 bln vs the $2.55 bln consensus. Quarterly potash gross margin of $886.4 mln was 240% higher than the $260.4 mln of last year's second quarter and approached FY07's gross margin, reflecting the benefit of rising prices.

6:16AM Newmont Mining beats by $0.04, beats on revs (NEM) 46.95 : Reports Q2 (Jun) earnings of $0.51 per share, excluding non-recurring items, $0.04 better than the First Call consensus of $0.47; revenues rose 19.3% year/year to $1.52 bln vs the $1.46 bln consensus.

6:14AM Air Methods issues downside Q208 EPS guidance (AIRM) 30.69 : Co issues downside guidance for Q2 (Jun), sees EPS of $0.38-0.41 vs. $0.65 First Call consensus. Based on preliminary Q208 results, total community-based patient transports were 11,635. Patients transported for community bases in operation greater than one year (Same-Base Transports) decreased 651 transports or 7%, while weather cancellations for these same bases increased by 459 transports compared with the prior-year quarter. Co also announces that fuel costs per community-based patient transport were 58% higher than during the prior-year quarter. Based on patients transported during the current-year quarter, this increase resulted in approx $1.8 mln in increased fuel costs.

6:08AM RadioShack beats by $0.09, beats on revs (RSH) 14.02 : Reports Q2 (Jun) earnings of $0.35 per share, excluding non-recurring items, $0.09 better than the First Call consensus of $0.26; revenues rose 6.4% year/year to $995 mln vs the $908.5 mln consensus. Co reports Q208 comparable store sales increased 6.9% vs Q207. Co announces $200 mln share repurchase program has been authorized.

6:04AM Starwood Hotels beats by $0.04, beats on revs; guides Q3 EPS below consensus; guides FY08 EPS below consensus (HOT) 39.82 : Reports Q2 (Jun) earnings of $0.56 per share, excluding non-recurring items, $0.04 better than the First Call consensus of $0.52; revenues rose 0.1% year/year to $1.57 bln vs the $1.49 bln consensus. Co issues downside guidance for Q3, sees EPS of $0.52-0.57, excluding non-recurring items, vs. $0.66 consensus. Co issues downside guidance for FY08, sees EPS of $2.17-2.32, excluding non-recurring items, vs. $2.44 consensus.


5:11AM Smith Intl beats by $0.02, beats on revs (SII) 79.68 : Reports Q2 (Jun) earnings of $0.91 per share, $0.02 better than the First Call consensus of $0.89; revenues rose 18.0% year/year to $2.49 bln vs the $2.38 bln consensus.

5:09AM Thermo Fisher beats by $0.02, beats on revs (TMO) 58.78 : Reports Q2 (Jun) earnings of $0.79 per share, excluding non-recurring items, $0.02 better than the First Call consensus of $0.77; revenues rose 13.6% year/year to $2.71 bln vs the $2.62 bln consensus.

3:48AM VASCO Data Security beats by $0.05, beats on revs; reduces FY08 revenue growth percentage guidance (VDSI) 11.48 : Reports Q2 (Jun) earnings of $0.20 per share, $0.05 better than the First Call consensus of $0.15; revenues rose 9.3% year/year to $35.4 mln vs the $34.2 mln consensus. Co projects revenue growth of 15% to 25% for FY08 over FY07, a reduction from its previous guidance of 10 percentage points in each end of the range. Projects gross margins as a percentage of revenue of 60% to 68% for FY08, which is unchanged from previous guidance, and operating margins as a percentage of revenue of 20% to 25% for FY08, which is also unchanged from previous guidance.


2:34AM Suncor Energy beats by $0.17 (SU) 52.90 : Reports Q2 (Jun) earnings of $0.88 per share, excluding non-recurring items, $0.17 better than the First Call consensus of $0.71. The increase in earnings was primarily due to improved price realizations on oil sands products as benchmark crude prices rose to historically high levels, and strong results from natural gas operations. This was partially offset by lower oil sands production, increased operating expenses and purchases in the oil sands business, and reduced margins in the refining and marketing business.

1:25AM Syngenta reports 2H08 results (SYT) 53.67 : Co reports Sales were up 20% at constant exchange rates to $7.3 bln. Crop Protection sales were up 21% at $5.55 bln. Seeds sales increased 15% to $1.74 bln. EPS increased 36% to $16.53. EPS was $15.93 after restructuring and impairment.

1:17AM Petro-Canada increases quarterly dividend 54% to $0.20 (PCZ) 46.13 : The dividend will be payable on October 1, 2008 to shareholders of record at the close of business on September 3, 2008.


1:04AM Range Resources misses by $0.06, beats on revs (RRC) 54.12 : Reports Q2 (Jun) earnings of $0.48 per share, excluding non-recurring items, $0.06 worse than the First Call consensus of $0.54; revenues rose 62.5% year/year to $347.6 mln vs the $316.9 mln consensus.

12:54AM Newfield Expl beats by $0.08, beats on revs (NFX) 52.00 : Reports Q2 (Jun) earnings of $1.06 per share, excluding commodity derivatives loss, $0.08 better than the First Call consensus of $0.98; revenues rose 31.4% year/year to $691 mln vs the $538 mln consensus.

12:40AM First Ind. Rlty beats by $0.02, beats on revs; guides Q3 FFO below consensus; reaffirms upside FY08 FFO (FR) 29.44 : Reports Q2 (Jun) funds from operations of $1.16 per share, $0.02 better than the First Call consensus of $1.14; revenues rose 13.7% year/year to $130.8 mln vs the $101.4 mln consensus. Co issues downside guidance for Q3, sees FFO of $1.08-1.18 vs. $1.21 consensus. Co reafirms upside guidance for FY08, sees FFO of $4.70-5.00 vs. $4.67 consensus.

12:00AM Qualcomm reports EPS in-line, beats on revs (QCOM) 44.82 : Reports Q3 (Jun) earnings of $0.55 per share, excluding the Qualcomm Strategic Initiatives segment, certain estimated share-based compensation, certain tax items related to prior years and acquired in-process research and development expense, in-line with the First Call consensus of $0.55; revenues rose 18.6% year/year to $2.76 bln vs the $2.71 bln consensus.