4:46PM Allied Defense reports Q2 EPS of $0.11 vs ($3.58) in the prior year, revs grew 872% to $46.3 mln (ADG) 6.62 +0.20 : Co says "We are confident earnings per share in the third and fourth quarters will exceed those we have reported in this quarter."
4:18PM Building Materials misses by $1.08, misses on revs (BLG) 1.65 -0.07 : Reports Q2 (Jun) loss of $1.42 per share, $1.08 worse than the First Call consensus of ($0.34); revenues fell 41.3% year/year to $385 mln vs the $473.3 mln consensus. "...We have taken a number of actions aimed at preserving value and enhancing our liquidity going forward. These measures include the wind-down of certain operations, sale of underperforming business units and excess assets and other restructuring initiatives that will generate tax refunds based upon our existing net operating loss carry-back. We anticipate that these initiatives will reduce annualized SG&A expenses by $20 to $25 mln and result in one-time cash proceeds of approx $50 mln to the company over the next three to four quarters."
4:13PM Autodesk beats by $0.04; guides Q3 EPS in-line, revs above consensus; FY09 EPS in-line; guides FY10 below consensus (ADSK) 34.45 +0.07 : Reports Q2 (Jul) earnings of $0.56 per share, $0.04 better than the First Call consensus of $0.52; revenues rose 17.8% year/year to $619.5 mln vs the $606.4 mln consensus. Co issues mixed guidance for Q3, sees EPS of $0.54-0.56, excluding non-recurring items, vs. $0.55 consensus; sees Q3 revs of $625-635 mln vs. $621.99 mln consensus. Co issues in-line guidance for Q4 (Jan), sees EPS of $0.64-0.68, excluding non-recurring items, vs. $0.67 consensus; sees Q4 (Jan) revs of $660-680 mln vs. $673.10 mln consensus. Co issues in-line guidance for FY09, sees EPS of $2.24-2.30, excluding non-recurring items, vs. $2.24 consensus. Co issues downside guidance for FY10, sees EPS of $2.24-2.30 vs. $2.63 consensus; sees FY10 revs of $2.50-2.53 bln, excluding non-recurring items, vs. $2.81 bln consensus.
4:10PM Nordstrom beats by $0.01, misses on revs; guides Q3 EPS below consensus; guides FY09 EPS below consensus (JWN) 30.22 +0.53 : Reports Q2 (Jul) earnings of $0.65 per share, $0.01 better than the First Call consensus of $0.64; revenues fell 4.3% year/year to $2.29 bln vs the $2.31 bln consensus. Co issues downside guidance for Q3, sees EPS of $0.49-0.54 vs. $0.56 consensus. Co issues downside guidance for FY09, sees EPS of $2.55-2.65; previous $2.65-2.80 vs. $2.68 consensus. Also for 2008 (FY ending Jan 2009), co expects same-store sales to decrease 4-6%; gross profit to decrease 110-140 basis points; SG&A to increase 25-60 basis points; interest expense to increase $55-60 mln.
4:08PM Harman misses by $0.09, beats on revs (HAR) 43.00 -0.08 : Reports Q4 (Jun) earnings of $0.68 per share, ex-items, $0.09 worse than the First Call consensus of $0.77; revenues rose 17.1% year/year to $1.07 bln vs the $1.05 bln consensus. The Company initiates a detailed five-year strategic planning process which addresses cost base and global competitiveness, including manufacturing footprint, procurement, technology portfolio, emerging market growth, and talent management. Plan highlights include defined reductions in the number of manufacturing, engineering and operating locations, global footprint optimization, and improved processes for forecasting, quality and risk management. As part of our implementation, the company launched on July 1, 2008 a cost and productivity improvement program called "STEP Change." This 24-month program, which is inclusive of previously announced initiatives, is expected to yield $400 mln in sustainable annual savings beyond fiscal year 2010.
4:04PM Rick's Cabaret reports Q3 (Jun) results, misses on revs; lowers FY08 guidance; lowers FY09 EPS guidance, but still above consensus (RICK) : Reports Q3 (Jun) earnings of $0.21 per share, may not be comparable to the First Call consensus of $0.28; revenues rose 92.7% year/year to $16.3 mln vs the $16.6 mln consensus. Co lowers guidance for FY08, sees EPS of $1.02, down from $1.25-$1.30, may not be comparable to $1.20 consensus; sees FY08 revs of "about" $60 mln, down from $61-$62 mln, vs. $61.95 mln consensus. Co issues guidance for FY09, lowers EPS guidance to $2.00-2.20, down from $2.30-$2.50 ($1.91 consensus); reiterates FY09 revs exceeding $100 mln ($84.64 mln consensus).
4:03PM Kohl's beats by $0.04, reports revs in-line; guides Q3 EPS below consensus; raises FY09 EPS in-line (KSS) 48.32 +0.74 : Reports Q2 (Jul) earnings of $0.77 per share, $0.04 better than the First Call consensus of $0.73; revenues rose 3.8% year/year to $3.73 bln vs the $3.75 bln consensus. Co issues downside guidance for Q3, sees EPS of $0.51-0.56 vs. $0.57 consensus. Co raises guidance in-line for FY09, sees EPS of $3.02-3.18 vs. $3.07 consensus, up from $2.95-3.15. Co says, "Our second quarter results reflect strong inventory management and increased penetration of private and exclusive brands, resulting in improved gross margins, as well as effective expense control. We remain conservative in our sales expectations for the fall season and will manage our business accordingly. We are well positioned to chase business should the environment improve."
4:02PM DeVRY misses by $0.04, beats on revs (DV) 55.30 : Reports Q4 (Jun) earnings of $0.34 per share, $0.04 worse than the First Call consensus of $0.38; revenues rose 18.9% year/year to $276.8 mln vs the $272.1 mln consensus. Co said, "Consistent with our five-year strategic plan, DeVry's long term financial objective is to deliver double-digit revenue growth and roughly 20 percent compound annual earnings per share growth... While there may be fluctuations on a short-term basis along the way, we are taking a long-term view of managing the business to drive growth, quality and increased margins."
9:04AM Cameco misses by $0.01 (CCJ) 30.99 : Reports Q2 (Jun) earnings of $0.39 per share, $0.01 worse than the First Call consensus of $0.40, revs declined 14% YoY to $620 mln. Lower earnings was due to lower earnings in the uranium, fuel services and electricity businesses. In our uranium business earnings were adversely affected by lower sales volumes, which more than offset higher realized selling prices. In addition, lower sales volumes in our fuel services business and reduced output at Bruce Power had a dampening effect. In the second quarter of 2007, uranium deliveries were unusually high, representing 35% of that year's total.
8:32AM Copa Holdings beats by $0.11, reports revs in-line (CPA) 36.86 : Reports Q2 (Jun) earnings of $0.70 per share, $0.11 better than the First Call consensus of $0.59; revenues rose 26.6% year/year to $297.9 mln vs the $298.5 mln consensus.
8:04AM General Steel reports EPS in-line, beats on revs (GSI) 12.79 : Reports Q2 (Jun) earnings of $0.13 per share, excluding non-recurring items, in-line with the First Call consensus of $0.13; revenues rose 219.0% year/year to $387 mln vs the $353.7 mln consensus. "We are pleased to be building at our Longmen Joint Venture two new 1280 cubic meter blast furnaces. Upon completion we anticipate this will double our pig-iron capacity and allow us to increase crude steel production capacity from 2.5 to 4.0 million tons annually."
7:04AM J.M. Smucker beats by $0.05, beats on revs; guides FY09 EPS above consensus (SJM) 50.50 : Reports Q1 (Jul) earnings of $0.82 per share, excluding restructuring and merger and integration costs, $0.05 better than the First Call consensus of $0.77; revenues rose 18.2% year/year to $663.7 mln vs the $647.2 mln consensus. Co issues upside guidance for FY09, sees EPS of $3.45-3.50 vs. $3.44 consensus; sees FY09 revs of $3.8-4.0 bln vs. $3.86 bln consensus. The outlook includes the impact of its previously announced agreement with The Procter & Gamble Co (PG) to merge P&G's Folgers coffee business with and into the Company.
6:22AM Wal-Mart beats by $0.02, reports revs in-line; guides Q3 EPS in-line; guides FY09 EPS in-line (WMT) 57.88 : Reports Q2 (Jul) earnings of $0.86 per share, excludes discontinued operations, $0.02 better than the First Call consensus of $0.84; revenues rose 10.4% year/year to $102.67 bln vs the $101.93 bln consensus. Co issues in-line guidance for Q3, sees EPS of $0.73-0.76 vs. $0.76 consensus. Co issues in-line guidance for FY09, sees EPS of $3.43-3.50 vs. $3.49 consensus.
6:04AM Urban Outfitters beats by $0.03, reports revs in-line (URBN) 34.05 : Reports Q2 (Jul) earnings of $0.33 per share, $0.03 better than the First Call consensus of $0.30; revenues rose 30.4% year/year to $454.3 mln vs the $450.5 mln consensus. Co reports comparable store net sales increased 13%.
1:47AM Global Sources beats by $0.01, beats on revs; guides Q3 EPS below consensus, revs below consensus (GSOL) 15.15 : Reports Q2 (Jun) earnings of $0.21 per share, excluding non-recurring items, $0.01 better than the First Call consensus of $0.20; revenues rose 21.3% year/year to $63.7 mln vs the $62.5 mln consensus. Co issues downside guidance for Q3, sees EPS of $0.04-0.05 vs. $0.16 consensus; sees Q3 revs of $38.5-39.0 mln vs. $40.75 mln consensus. 2H08 revenue is expected to be $108.0-109.5 mln; 2H08 EPS is expected to be in the range of $0.27-0.29.
12:06AM Intrepid Potash beats by $0.04, beats on revs (IPI) 46.73 : Reports Q2 (Jun) earnings of $0.42 per share, excludes insurance settlement in excess of property loss and unrealized derivative gain, $0.04 better than the First Call consensus of $0.38; revenues rose 24.6% year/year to $105.2 mln vs the $96.3 mln consensus. Production Forecast: Potash - 870,000 - 890,000 short tons, Langbeinite - 210,000 - 230,000 short tons. Production Cost of Goods Sold: Potash - $140 - $150 per short ton, Langbeinite - $75 - $85 per short ton.
Showing posts with label RICK. Show all posts
Showing posts with label RICK. Show all posts
Thursday, August 14, 2008
Tuesday, July 8, 2008
Earnings - 8th July 2008
:29PM EZCORP raises Q3 and FY08 EPS guidance above consensus (EZPW) 15.47 +1.35 : Co raises Q3 EPS guidance to $0.25 vs $0.21 consensus up from $0.21 prior guidance; co also raises Q4 EPS to $0.35 vs $0.35 consensus and FY08 EPS guidance to $1.19 vs $1.15 consensus, which includes an approximate one cent per share benefit from the Value Financial Services acquisition, which is expected to close around July 31st. Co says, "In our June quarter, we realized stronger than expected sales gross profit in our U.S. EZPAWN operation and lower than expected levels of signature loan bad debt in our EZMONEY operation. While our pawn and signature loan portfolios grew during the quarter, their rate of growth was less than we typically see during this period -- leaving our loan balances at a lower than anticipated level going into our September quarter. All of these factors were influenced to some degree by the economic stimulus checks received by our customers during May and June."
4:36PM Alcoa reports Q2 results, beats on revs (AA) 32.33 -1.06 : Reports Q2 (Jun) earnings of $0.66 per share, including a $0.05 per share impact from previously announced gas pipeline explosion in Western Australia and power disruptions at the Rockdale smelter, vs the First Call consensus of $0.66; revenues fell 5.5% year/year to $7.62 bln vs the $7.36 bln consensus. Higher input costs impacting the entire aluminum industry were offset by higher volume and stronger pricing. On a year-to-date basis, the co repurchased 18.3 mln shares bringing total repurchases to 10% against the Board authorized level of up to a maximum of 25% of shares outstanding.
4:30PM Cache reports 6% comparable store sales increase in June 2008, provides updated guidance (CACH) 12.68 +0.89 : Co reports June 2008 sales figures. For the five-week period ended June 28, 2008, comparable store sales increased 6%, as compared to an increase of 1% for the five-week period ended June 30, 2007. Total net sales for the five-week June 2008 period increased $1.3 mln or 6% to $23.3 mln, as compared to the same period last year. Co sees Q2 EPS of $0.14-0.15, up from previous guidance of $0.12-0.14, vs $0.14 First Call consensus. Co sees Q3 EPS of $0.01-0.02 vs $0.04 First Call consensus; sees revs $62-64 mln vs $61.57 mln First Call consensus. Co expects third quarter fiscal 2008 comparable store sales to increase in the low to mid-single digit range. Co sees FY08 $0.52-0.56, ex items, vs $0.54 First Call consensus; sees revs $286-290 mln vs $280.53 mln First Call consensus.
4:21PM Circor raises Q2 EPS guidance above consensus (CIR) 50.22 +0.95 : Co raises Q2 EPS guidance to $1.04-1.10 vs $0.80 consensus, up from prior guidance of $0.74-0.83. Co says, "Our Energy segment had another tremendous quarter with continued strong revenue growth and margins that exceeded the record high set in Q1, 2008. In addition, performance in our Instrumentation & Thermal Fluid Controls segment was very strong with margins in the range of the excellent results of Q1, 2008. Generally speaking, our markets held strong in the quarter and our lean manufacturing efforts are helping to transform strong sales into higher margins
4:01PM G-III Apparel announces acquisition of assets of Wilsons Leather Outlet Stores, raises FY09 guidance based on acquisition (GIII) 12.29 +0.49 : Co announces it has acquired certain assets of Wilsons The Leather Experts (WLSN). The assets acquired included 116 outlet store locations, $18.5 mln in inventory, distribution center operations and the Wilsons name and other related trademarks and trade names. G-III noted that the total purchase price for the assets acquired was approximately $22.3 mln in cash. The co stated that the acquisition was expected to be accretive for fiscal 2009 given the seasonality of the business and the timing of the acquisition. "... We expect to be able to seamlessly create a vertical retail organization and move quickly to realize the benefits of that structure." The Company noted that Joel Waller, former Chief Executive Officer of Wilsons The Leather Experts, would return as President of G-III's outlet store division.... The co also revised its guidance for fiscal 2009, as a result of the acquisition of the Wilsons outlet stores. The co now expects FY09 net sales in the range of $720 to $730 mln up from $650 to $660 mln vs $661.86 mln. The co also now anticipates net income for FY09 in the range of $23.5 to $24.4 mln, or $1.35 to $1.40 per diluted share up from $1.25 to $1.30 per diluted share vs $1.29 consensus. Co notes the revisions to its forecast did not include any change to its forecast for its base business
9:20AM VMware announces departure of President and CEO; says FY08 rev growth to be modestly below prior +50% growth guidance (VMW) 53.19 : Co announces that it has made a change in the leadership of the company with the departure of Diane Greene as President and CEO. VMware's Board of Directors has appointed Paul Maritz as President and CEO of VMware effective immediately. Maritz was also named to VMware's Board of Directors. Co said, "While VMware is not updating guidance for Q2, we expect revenues for the full year of 2008 will be modestly below the previous guidance of 50% growth over 2007." (Current consensus ests are for YoY rev growth of ~50.6%)
9:01AM Rick's Cabaret reports nightclub sales for Q3 up 92% over last year (RICK) 15.00 : Co announces nightclub sales for its Q3 ended June 30 totaled $15.89 mln, a 92.1% increase over the previous year. The co said same club-same period sales for the quarter were $8 mln, an 8.43% increase over the same period in the previous year. Co considers nightclubs it has operated for 12 months or more for comparable sales... Co also said the New York City club continued its strong year-over-year growth and new clubs in Dallas and Philadelphia have begun contributing revenues and Tootsie's Cabaret in Miami continued to exceed initial expectations.
8:13AM Cardinal Health formalizes consolidation of businesses into two primary operating and reporting segments; reaffirms FY08 guidance (CAH) 50.64 : Co announces a consolidation of its businesses into two primary operating and reporting segments to reduce costs and align resources with the unique needs of each segment. Cardinal Health's network of pharmaceutical and medical product distribution centers and nuclear pharmacies will form the Healthcare Supply Chain Services segment. With annual revenue of more than $80 bln, this segment serves customers in North America with efficient and secure distribution services for prescription medicine and medical products. Industry leading products for infusion, medication dispensing, respiratory care and infection prevention will be grouped in the Clinical and Medical Products segment under the leadership of Vice Chairman David L. Schlotterbeck. With annual revenue of approximately $5 bln, this segment serves global customers with clinically differentiated products used in hospitals and other primary care facilities. With these changes, the company will reduce its workforce by approximately 600 positions under a restructuring charge of approximately $63 million, the substantial majority of which it expects to recognize in the current fiscal year, which began July 1. Co also reaffrims FY08 EPS $3.75-3.85, ex items, vs $3.78 First Call consensus.
6:12AM Greenbrier Comp beats by $0.11, beats on revs (GBX) 18.94 : Reports Q3 (May) earnings of $0.49 per share, $0.11 better than the First Call consensus of $0.38; revenues fell 1.2% year/year to $382.1 mln vs the $352.9 mln consensus. New railcar manufacturing backlog was 17,500 units valued at $1.55 bln at May 31, 2008, compared to 18,800 units valued at $1.64 bln at February 29, 2008.
4:36PM Alcoa reports Q2 results, beats on revs (AA) 32.33 -1.06 : Reports Q2 (Jun) earnings of $0.66 per share, including a $0.05 per share impact from previously announced gas pipeline explosion in Western Australia and power disruptions at the Rockdale smelter, vs the First Call consensus of $0.66; revenues fell 5.5% year/year to $7.62 bln vs the $7.36 bln consensus. Higher input costs impacting the entire aluminum industry were offset by higher volume and stronger pricing. On a year-to-date basis, the co repurchased 18.3 mln shares bringing total repurchases to 10% against the Board authorized level of up to a maximum of 25% of shares outstanding.
4:30PM Cache reports 6% comparable store sales increase in June 2008, provides updated guidance (CACH) 12.68 +0.89 : Co reports June 2008 sales figures. For the five-week period ended June 28, 2008, comparable store sales increased 6%, as compared to an increase of 1% for the five-week period ended June 30, 2007. Total net sales for the five-week June 2008 period increased $1.3 mln or 6% to $23.3 mln, as compared to the same period last year. Co sees Q2 EPS of $0.14-0.15, up from previous guidance of $0.12-0.14, vs $0.14 First Call consensus. Co sees Q3 EPS of $0.01-0.02 vs $0.04 First Call consensus; sees revs $62-64 mln vs $61.57 mln First Call consensus. Co expects third quarter fiscal 2008 comparable store sales to increase in the low to mid-single digit range. Co sees FY08 $0.52-0.56, ex items, vs $0.54 First Call consensus; sees revs $286-290 mln vs $280.53 mln First Call consensus.
4:21PM Circor raises Q2 EPS guidance above consensus (CIR) 50.22 +0.95 : Co raises Q2 EPS guidance to $1.04-1.10 vs $0.80 consensus, up from prior guidance of $0.74-0.83. Co says, "Our Energy segment had another tremendous quarter with continued strong revenue growth and margins that exceeded the record high set in Q1, 2008. In addition, performance in our Instrumentation & Thermal Fluid Controls segment was very strong with margins in the range of the excellent results of Q1, 2008. Generally speaking, our markets held strong in the quarter and our lean manufacturing efforts are helping to transform strong sales into higher margins
4:01PM G-III Apparel announces acquisition of assets of Wilsons Leather Outlet Stores, raises FY09 guidance based on acquisition (GIII) 12.29 +0.49 : Co announces it has acquired certain assets of Wilsons The Leather Experts (WLSN). The assets acquired included 116 outlet store locations, $18.5 mln in inventory, distribution center operations and the Wilsons name and other related trademarks and trade names. G-III noted that the total purchase price for the assets acquired was approximately $22.3 mln in cash. The co stated that the acquisition was expected to be accretive for fiscal 2009 given the seasonality of the business and the timing of the acquisition. "... We expect to be able to seamlessly create a vertical retail organization and move quickly to realize the benefits of that structure." The Company noted that Joel Waller, former Chief Executive Officer of Wilsons The Leather Experts, would return as President of G-III's outlet store division.... The co also revised its guidance for fiscal 2009, as a result of the acquisition of the Wilsons outlet stores. The co now expects FY09 net sales in the range of $720 to $730 mln up from $650 to $660 mln vs $661.86 mln. The co also now anticipates net income for FY09 in the range of $23.5 to $24.4 mln, or $1.35 to $1.40 per diluted share up from $1.25 to $1.30 per diluted share vs $1.29 consensus. Co notes the revisions to its forecast did not include any change to its forecast for its base business
9:20AM VMware announces departure of President and CEO; says FY08 rev growth to be modestly below prior +50% growth guidance (VMW) 53.19 : Co announces that it has made a change in the leadership of the company with the departure of Diane Greene as President and CEO. VMware's Board of Directors has appointed Paul Maritz as President and CEO of VMware effective immediately. Maritz was also named to VMware's Board of Directors. Co said, "While VMware is not updating guidance for Q2, we expect revenues for the full year of 2008 will be modestly below the previous guidance of 50% growth over 2007." (Current consensus ests are for YoY rev growth of ~50.6%)
9:01AM Rick's Cabaret reports nightclub sales for Q3 up 92% over last year (RICK) 15.00 : Co announces nightclub sales for its Q3 ended June 30 totaled $15.89 mln, a 92.1% increase over the previous year. The co said same club-same period sales for the quarter were $8 mln, an 8.43% increase over the same period in the previous year. Co considers nightclubs it has operated for 12 months or more for comparable sales... Co also said the New York City club continued its strong year-over-year growth and new clubs in Dallas and Philadelphia have begun contributing revenues and Tootsie's Cabaret in Miami continued to exceed initial expectations.
8:13AM Cardinal Health formalizes consolidation of businesses into two primary operating and reporting segments; reaffirms FY08 guidance (CAH) 50.64 : Co announces a consolidation of its businesses into two primary operating and reporting segments to reduce costs and align resources with the unique needs of each segment. Cardinal Health's network of pharmaceutical and medical product distribution centers and nuclear pharmacies will form the Healthcare Supply Chain Services segment. With annual revenue of more than $80 bln, this segment serves customers in North America with efficient and secure distribution services for prescription medicine and medical products. Industry leading products for infusion, medication dispensing, respiratory care and infection prevention will be grouped in the Clinical and Medical Products segment under the leadership of Vice Chairman David L. Schlotterbeck. With annual revenue of approximately $5 bln, this segment serves global customers with clinically differentiated products used in hospitals and other primary care facilities. With these changes, the company will reduce its workforce by approximately 600 positions under a restructuring charge of approximately $63 million, the substantial majority of which it expects to recognize in the current fiscal year, which began July 1. Co also reaffrims FY08 EPS $3.75-3.85, ex items, vs $3.78 First Call consensus.
6:12AM Greenbrier Comp beats by $0.11, beats on revs (GBX) 18.94 : Reports Q3 (May) earnings of $0.49 per share, $0.11 better than the First Call consensus of $0.38; revenues fell 1.2% year/year to $382.1 mln vs the $352.9 mln consensus. New railcar manufacturing backlog was 17,500 units valued at $1.55 bln at May 31, 2008, compared to 18,800 units valued at $1.64 bln at February 29, 2008.
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