Earnings - 21st April 2009 (1)

8:08AM Forest Labs beats by $0.01, misses on revs; guides FY10 EPS in-line, revs below consensus (FRX) 22.39 : Reports Q4 (Mar) earnings of $0.76 per share, excluding non-recurring items, $0.01 better than the First Call consensus of $0.75; revenues fell 0.2% year/year to $896.7 mln vs the $999.7 mln consensus. Co issues mixed guidance for FY10, sees EPS of $3.45-3.55 vs. $3.47 consensus; sees FY10 revs of ~$4.1 bln vs. $4.18 bln consensus. The co has provided a $170 mln pretax reserve, or $0.45 per share, in connection with ongoing discussions with the United States Department of Justice arising out of the investigations led by the U. S. Attorney's Office for the District of Massachusetts into marketing, promotional and other activities primarily in connection with Lexapro, Celexa and Levothroid. These discussions with the DOJ have not yet concluded, and there can be no assurance as to when they will conclude or whether they will lead to a resolution, or the amount of any settlement that may be reached.

8:05AM Brinker reports EPS in-line, revs in-line (EAT) 18.29 : Reports Q3 (Mar) earnings of $0.45 per share, ex-items, in-line with the First Call consensus of $0.45; revenues fell 20.4% year/year to $857.4 mln vs the $864.6 mln consensus. The company experienced a 5.6% decrease in comparable restaurant sales in the third quarter of fiscal 2009 due to decreases across all brands. Revenues were also negatively impacted by a net decline in capacity of 17.7% due to 47 restaurant closures (3 of which were Macaroni Grills) and the sale of 198 restaurants since the third quarter of fiscal 2008 (189 of which were Macaroni Grills).

7:47AM Northern Trust misses by $0.35, misses on revs (NTRS) 58.15 : Reports Q1 (Mar) earnings of $0.61 per share, $0.35 worse than the First Call consensus of $0.96; revenues fell 21.1% year/year to $904.2 mln vs the $1.03 bln consensus. In addition, $23.0 mln of preferred stock dividends were accrued in the current quarter in connection with Northern Trust's participation in the U.S. Department of the Treasury's Capital Purchase Program, which reduced earnings per share by $0.10. "We continued to see strong growth in our client franchise, notwithstanding the difficult market and credit environment. Current quarter results were adversely impacted by dramatically lower equity markets, as exemplified by declines in the S&P 500 and EAFE (USD) indices of 40% and 49%, respectively, versus year ago levels, and difficult fixed income conditions. Against the challenging environmental backdrop, however, we were very pleased with the significant new business we continued to generate, which confirms the fundamental strength of our focused business strategy and execution. Our loan portfolio also continued to exhibit strength relative to the environment, even as we continued to increase our reserve for credit losses. As we move into the second quarter, our capital position remains very strong with our tier 1 capital ratio at 13.0% and our tangible common equity ratio at 5.9%. Furthermore, we arecontinuing our dialogue with the Federal Reserve, in accordance with the prescribed process, to proceed on our objective of redeeming the U.S. Department of the Treasury's Capital Purchase Program preferred stock as quickly as prudently possible." The reserve for credit losses at March 31, 2009 of $303.3 mln increased $52.2 mln from the December 31, 2008 balance. The provision for credit losses was $55.0 mln in the current quarter and net charge-offs totaled $2.7 mln.

7:44AM BlackRock reports EPS in-line, revs in-line (BLK) 123.59 : Reports Q1 (Mar) earnings of $0.81 per share, in-line with the First Call consensus of $0.81; revenues fell 24.1% year/year to $987 mln vs the $987.4 mln consensus. Assets under management ended the quarter at $1.283 trillion, down 2% since year-end. New business during the quarter included $21.3 billion of net inflows in long-dated and advisory mandates.

7:41AM Coca-Cola reports EPS in-line, misses on revs (KO) : Reports Q1 (Mar) earnings of $0.65 per share, excluding non-recurring items, in-line with the First Call consensus of $0.65; revenues fell 2.8% year/year to $7.17 bln vs the $7.36 bln consensus. Co says it saw solid worldwide unit case volume growth of 2% in the quarter. International unit case volume rose 3%. Global volume and value share gains continued across key markets and categories. Currency neutral comparable operating income growth exceeded the co's long-term currency neutral profit target. Productivity initiatives accelerating and on track to deliver $500 mln in annualized savings by year-end 2011.

7:36AM Jefferies Group beats by $0.27, beats on revs (JEF) 14.30 : Reports Q1 (Mar) earnings of $0.19 per share, $0.27 better than the First Call consensus of ($0.08); revenues rose 70.0% year/year to $342 mln vs the $287.5 mln consensus. Co says, "Our first quarter results make it clear that we have distinguished ourselves from both the TARP-subsidized institutions, as well as the small and mid-cap brokers and boutiques. The performance of our fixed income businesses highlights the breadth and depth of our full-service, client-focused, independently-funded Wall Street securities firm. We have invested many years, an immense amount of human effort and much expense to build what we believe is a first tier provider of sales, trading, research and investment banking services. Our first quarter results reflect only the beginning of what we expect to realize over time from this investment. The events of the last 21 months, and particularly the incredible change in the competitive landscape over the last 12 months, have only enhanced the long-term opportunity we envision for our firm. We thank everyone at Jefferies for their efforts."

7:34AM TD Ameritrade reports EPS in-line, beats on revs; guides FY09 EPS in-line (AMTD) 15.15 : Reports Q2 (Mar) earnings of $0.23 per share, in-line with the First Call consensus of $0.23; revenues fell 15.6% year/year to $525.5 mln vs the $512.3 mln consensus. Co reaffirms prior guidance for FY09, sees EPS of $0.90-1.15 vs. $0.98 consensus. Co repurchased approximately 36 mln shares in the qtr at an average price of $11.88. These transactions completed the co's stock buy-back programs.

7:33AM Lockheed Martin beats by $0.04, misses on revs; guides FY09 EPS in-line, revs in-line (LMT) : Reports Q1 (Mar) earnings of $1.68 per share, $0.04 better than the First Call consensus of $1.64; revenues rose 3.9% year/year to $10.37 bln vs the $10.51 bln consensus. Co issues in-line guidance for FY09, sees EPS of $7.15-7.35 vs. $7.34 consensus; sees FY09 revs of $44.7-45.7 bln vs. $45.44 bln consensus. Raises expected return on investment capital 2009 outlook to greater than or equal to 18.5% from 18.0%.

7:14AM State Street beats by $0.02, misses on revs (STT) 30.65 : Reports Q1 (Mar) earnings of $1.04 per share, $0.02 better than the First Call consensus of $1.02; revenues fell 22.3% year/year to $2 bln vs the $2.29 bln consensus. "Given the continued unsettled economic environment and more weakness in the first quarter than we expected, we now believe that in 2009 we will achieve nearer the weaker end of the ranges we established at our Investor and Analyst Forum in February: operating revenue to decline between 8% and 12%; operating earnings per share to decline between 12% and 16%; and operating return on equity to be between 14% and 17%... Our tangible common equity ratio at March 31, 2009, stands at 5.87% and our pro forma TCE ratio, assuming consolidation of the asset-backed commercial paper conduits we administer, has improved 103 basis points from 1.19% at December 31, 2008, to 2.22% when calculated as a percentage of total assets."

7:13AM Regions Fincl reports Q1 profit (RF) 5.80 : Reports Q1 (Mar) earnings of $0.04 per share, excluding non-recurring items. Net loan charge-offs declined to an annualized 1.64 percent of average loans. Built allowance for loan losses to 1.94 percent of loans with $425 million provision that exceeded net charge-offs by $35 million. Non-performing loans increased to $1.6 billion. Capital ratios remain strong with a Tier 1 ratio of 10.37 percent and a tangible common equity ratio of 5.41 percent

7:12AM United Tech reports EPS in-line, misses on revs; reaffirms FY09 EPS guidance, revs guidance (UTX) 45.81 : Reports Q1 (Mar) earnings of $0.78 per share, in-line with the First Call consensus of $0.78; revenues fell 12.2% year/year to $12.25 bln vs the $12.41 bln consensus. Co reaffirms guidance for FY09, sees EPS of $4.00-$4.50 vs. $4.20 consensus; sees FY09 revs of $55 bln vs. $54.29 bln consensus.

7:11AM Huntington Banc beats by $0.04 (HBAN) 3.11 : Reports Q1 (Mar) loss of $0.06 per share, $0.04 better than the First Call consensus of ($0.10). "We continue to believe that 2009 will be a challenging year. While there have been recent reports and speculation that the decline in the economy is nearing a bottom, it remains our expectation that no significant turnaround will occur this year. As a result, we expect to see continued levels of elevated charge-offs and provision expense, especially as related to continued softness in our commercial loan portfolios. We continue to expect that the net interest margin will remain under modest pressure from the first quarter level. We expect to grow our customer base, as well as core deposits throughout the year. " "We continue to expect good levels of loan originations, especially mortgages, given the low rate environment. But how much of this translates into balance sheet growth will depend on whether or not we sell portions of our loan portfolio and production as part of our continued efforts to improve balance sheet efficiency."

7:08AM BJ Services misses by $0.07, misses on revs (BJS) 11.97 : Reports Q2 (Mar) earnings of $0.15 per share, $0.07 worse than the First Call consensus of $0.22; revenues fell 18.0% year/year to $1.05 bln vs the $1.13 bln consensus. The co says "Lower demand for energy triggered by the global economic recession led to a precipitous decline in drilling activity this quarter, particularly in North America. North American drilling activity declined 28% sequentially and 27% year over year and, at the current level of 975 active rigs, the U.S. drilling rig count has reached its lowest level in six years. This decline in activity and intensive competition led to severe price reductions for our services and products. Our international customers responded to the lower commodity price environment sooner than expected, with average rig count outside North America declining 9% sequentially and 6% year over year, negatively impacting our results in these markets..."

7:08AM Quest Diagnostics beats by $0.07, reports revs in-line; guides FY09 EPS above consensus, revs in-line (DGX) 50.50 : Reports Q1 (Mar) earnings of $0.89 per share, $0.07 better than the First Call consensus of $0.82; revenues rose 1.3% year/year to $1.81 bln vs the $1.81 bln consensus. Co issues mixed guidance for FY09, sees EPS of $3.60-3.75, excluding non-recurring items, vs. $3.59 consensus; sees FY09 rev growth of 3% which equates to roughly $7.47 bln vs. $7.46 bln consensus.

7:07AM Astec Industries beats by $0.03, beats on revs (ASTE) 24.59 : Reports Q1 (Mar) earnings of $0.33 per share, $0.03 better than the First Call consensus of $0.30; revenues fell 22.0% year/year to $205.3 mln vs the $202.7 mln consensus. "We believe the economy hit bottom in late February; however, we believe the recovery will continue to be slow. During this period our strategy will be to aggressively develop new products and enhance existing products." The Company's backlog at March 31, 2009 was $140 million compared to $275 million at March 31, 2008 for a 49% decrease.

7:05AM Johnson Controls beats by $0.01, misses on revs (JCI) 16.14 : Reports Q2 (Mar) loss of $0.16 per share, excluding non-recurring items, $0.01 better than the First Call consensus of ($0.17); revenues fell 32.9% year/year to $6.32 bln vs the $6.93 bln consensus. "We started to see improvements in the financial performance of our Automotive Experience business toward the end of the second quarter, and we expect significantly lower operating losses in the third quarter. We believe the automotive improvement, combined with the solid profitability of our Building Efficiency and Power Solutions businesses, will enable us to report positive earnings for the remainder of 2009." The company said that the restructuring initiative announced in March 2009 is expected to be slightly accretive in 2009 and to provide approximately $0.15 per diluted share incremental benefit in 2010. The restructuring program announced in September 2008 is approximately 70% complete and progressing ahead of schedule. It is expected that the financial benefits of this restructuring program will be increasingly accretive to earnings through the remainder of the 2009 fiscal year, and will provide a $0.20 - $0.25 per diluted share incremental benefit in 2010.

7:05AM Merck misses by $0.03, misses on revs; reaffirms FY09 EPS guidance (MRK)25.22 : Reports Q1 (Mar) earnings of $0.74 per share, $0.03 worse than the First Call consensus of $0.77; revenues fell 7.5% year/year to $5.39 bln vs the $5.77 bln consensus. Coreaffirms guidance for FY09, sees EPS of $3.15-3.30 vs. $3.25 consensus; sees revs $23.2-23.7 bln vs $23.87 bln First Call consensus. "Our first-quarter results in part reflect the impact of the difficult global economy on patients, providers and payors, but we remain on track to meet our full-year earnings guidance," said Richard Clark, chairman, president and chief executive officer.

7:04AM US Bancorp beats by $0.04, beats on revs (USB) 15.94 : Reports Q1 (Mar) earnings of $0.24 per share, $0.04 better than the First Call consensus of $0.20; revenues rose 0.2% year/year to $3.88 bln vs the $3.77 bln consensus. Return on average assets and return on average common equity were .81 percent and 9.0 percent, respectively, for the first quarter of 2009, compared with 1.85 percent and 21.2 percent, respectively, for the first quarter of 2008. The provision for credit losses for the first quarter of 2009 was $1,318 million, an increase of $51 million over the fourth quarter of 2008 and $833 million over the first quarter of 2008.

6:02AM UnitedHealth beats by $0.14, misses on revs; reaffirms FY09 EPS guidance (UNH) 24.21 : Reports Q1 (Mar) earnings of $0.81 per share, $0.14 better than the First Call consensus of $0.67; revenues rose 9.4% year/year to $20.11 bln vs the $21.37 bln consensus. Co reaffirms guidance for FY09, sees EPS of $2.90-3.15 vs. $3.00 consensus.

4:28AM New Oriental Education & Technology beats by $0.11, beats on revs; guides Q4 revs above consensus (EDU) 51.25 : Reports Q3 (Feb) earnings of $0.38 per share, excluding non-recurring items, $0.11 better than the First Call consensus of $0.27; revenues rose 36.1% year/year to $65.5 mln vs the $63.7 mln consensus. Co issues upside guidancefor Q4, sees Q4 revs of $50.5-53.5 mln vs. $49.81 mln consensus. Total student enrollments in language training and test preparation courses increased by 31.0% year/year to approx 351,700 from approximately 268,400 in the same period of the prior fiscal year.

Earnings - 15th July 2008

4:30PM Rambus and Qimonda sign amended patent license agreement (RMBS) 16.73 +0.27 : Co announces it has signed an amendment to its current patent license agreement with Qimonda, a leading manufacturer of memory products. This amendment extends the minimum term of the original patent license agreement, but specifies that in the event Infineon ceases to control or otherwise own a majority of Qimonda shares, certain competitors would not accede to the license upon their acquisition of control of Qimonda or a majority of Qimonda shares. The amendment further provides that any such acquirer would generally not acquire the benefit of a release from Rambus for past damages, including past infringement of RMBS' patent portfolio.

4:27PM CB&I guides FY08 EPS (CBI) 36.39 -1.45 : Co sees FY08 EPS of $0.40-0.60, including a $2.38 charge, may not be comparable to the $2.41 consensus. CBI announces it will recognize a pre-tax charge of approximately $317 million or $2.38 per share in the second quarter for forecasted cost overruns associated with two major L.N.G projects in the UK. Continued poor labor productivity, weather delays, and the need to supplement critical subcontractor areas will adversely impact the schedule and necessitate substantial expenditures well above previous estimates. These additional costs, which will be concentrated in the next three to four months, are required to complete the projects and meet the urgent need for natural gas imports into the UK prior to the upcoming heating season. The project charges will cause CB&I to be out of compliance with its lender agreements. The company believes that based on the strength of its backlog and solid financial condition, it will successfully obtain the necessary amendments.

4:22PM Altera beats by $0.05, beats on revs; guides Q3 revs above consensus (ALTR) 19.21 +0.20 : Reports Q2 (Jun) earnings of $0.32 per share, $0.05 better than the First Call consensus of $0.27; revenues rose 7.1% year/year to $359.9 mln vs the $346.7 mln consensus. Co issues upside guidance for Q3, sees Q3 rev growth flat to down, equates to $349.1-359.9 vs. $350.51 mln consensus. "To date during the third quarter, Altera has repurchased an additional 526,000 shares at a cost of $10.4 mln."

4:20PM Intel beats by $0.03, beats on revs; guides Q3 revs in-line (INTC) 20.71 +0.24 : Reports Q2 (Jun) earnings of $0.28 per share, $0.03 better than the First Call consensus of $0.25; revenues rose 9.4% year/year to $9.5 bln vs the $9.32 bln consensus. Co issues in-line guidance for Q3, sees Q3 revs of $10-$10.6 bln vs. $10.07 bln consensus. INTC reports gross margins 55.4% vs. guidance of 56% +/- couple points. INTC also sees Q3 gross margins 58% +/- couple points; reiterates Y08 gross margins 57% +/- couple points, CapEx $5.0-$5.4 bln. Co states, "As we enter the second half, demand remains strong for our microprocessor and chipset products in all segments and all parts of the globe."

4:06PM CoStar Group beats by $0.04, reports revs in-line; guides Q3 EPS above consensus; guides FY08 EPS above consensus (CSGP) 45.92 +0.47 : Reports Q2 (Jun) earnings of $0.28 per share, $0.04 better than the First Call consensus of $0.24; revenues rose 11.9% year/year to $53.5 mln vs the $53.8 mln consensus. Co issues upside guidance for Q3, sees EPS of $0.28-$0.30 vs. $0.27 consensus. Co issues upside guidance for FY08, sees EPS of $1.10-$1.15 vs. $1.09 consensus. "Our primary focus moving forward will be working toward $100 million of annualized EBITDA for the company by the end of 2010. We believe this goal of doubling our EBITDA is achievable based on our current revenue growth rates and current economic and commercial real estate environments."

4:06PM V.F. Corp beats by $0.05, reports revs in-line; guides FY08 EPS above consensus, revs above consensus (VFC) 70.28 +0.56 : Reports Q2 (Jun) earnings of $0.91 per share, excluding non-recurring items, $0.05 better than the First Call consensus of $0.86; revenues rose 10.6% year/year to $1.68 bln vs the $1.67 bln consensus. Co issues upside guidance for FY08, sees EPS of $6.05 vs. $5.98 consensus; sees FY08 revs of $7.9 bln vs. $7.9 bln consensus.

8:38AM Johnson & Johnson beats by $0.06, beats on revs; guides FY08 EPS in-line - Correction (JNJ) 66.41 : Reports Q2 (Jun) earnings of $1.18 per share, $0.06 better than the First Call consensus of $1.12; revenues rose 8.7% year/year to $16.5 bln vs the $16 bln consensus. Co issues in-line guidance for FY08, sees EPS of $4.45-4.50 vs. $4.45 consensus, and above prior guidance of $4.40-4.45. Worldwide Medical Devices and Diagnostics sales of $6.1 bln for Q2 represented a 12.1% increase over the prior year with operational growth of 5.7% and a positive impact from currency of 6.4%. Domestic sales increased 4.0%, while international sales increased 19.7%. Worldwide Pharmaceutical sales of $6.3 bln for Q2 represented an increase over the prior year of 3.1% with an operational decline of 1.3% and a positive impact from currency of 4.4%. Domestic sales decreased 1.7%, while international sales increased 11.3%

8:32AM EnerNOC announced that it has entered into a five-year contract with the State of Rhode Island (ENOC) 20.74 : Co announced that it has entered into a five-year contract with the State of Rhode Island. The contract will allow EnerNOC to enable and manage demand response capacity from city, town and government-related buildings into the Independent System Operator of New England market, creating a valuable revenue stream for the State both today and in the future as part of ISO-NE's Forward Capacity Market.

8:20AM IKON Office issues upside Q3 EPS guidance; sees Q3 revs in line; issues Y08 upside guidance (IKN) 11.06 : Co issues upside EPS guidance for Q3 (Jun), sees EPS of $0.35-0.37, excluding non-recurring items, compared to previous guidance of $0.29-0.32, vs. $0.30 First Call consensus; issues in line rev guidance for Q3, sees Q3 (Jun) revs of approx $1.05 bln vs. $1.05 bln consensus. Co issues upside guidance for FY08 (Sep), sees EPS of $1.00-1.05, excluding non-recurring items, compared to previous guidance of $0.92-0.98, vs. $0.97 consensus. The improved outlook for Q3 is driven by better than anticipated Customer Service and Supplies revenue and gross margin, and a higher gross margin in Managed and Professional Services. "We are pleased by another quarter of better than expected results. In particular, we are encouraged by our improved operating income margin in the third quarter, which was driven by the $25 million cost and expense reduction plan we announced in January, our new U.S. leadership, and continued strong performance in Europe."

8:10AM US Bancorp reports Q2 (Jun) results, revs in-line (USB) 23.33 : Reports Q2 (Jun) earnings of $0.53 per share, including $0.11 loss from "significant items" related to net securities losses of $63 mln, which primarily reflected impairment charges on structured investment securities, and an incremental provision for credit losses, which exceeded net-charge-offs by $200 mln. The First Call consensus is $0.60. Revenues rose 7.5% year/year to $3.8 bln vs the $3.78 bln consensus. Return on average assets and return on average common equity were 1.58% and 17.9%, respectively, for the second quarter of 2008, compared with returns of 2.09% and 23.0%, respectively, for the second quarter of 2007. "Our capital position remains strong, with the Tier 1 capital ratio at June 30, 2008, on target at 8.5 percent. Although we have capacity in our current authorization, we do not anticipate buybacks between now and the end of the year. We will utilize our strong internal capital generation to support our growth initiatives, and rely on our earnings capacity to sustain our dividend and maintain our well-capitalized position." Provision for credit losses for the second quarter of 2008 was $596 mln, an increase of $111 mln over the first quarter of 2008 and $405 mln over the second quarter of 2007.

8:01AM WW Grainger beats by $0.02, beats on revs; reaffirms FY08 EPS guidance (GWW) 84.21 : Reports Q2 (Jun) earnings of $1.48 per share, excluding non-recurring items, $0.02 better than the First Call consensus of $1.46; revenues rose 9.7% year/year to $1.76 bln vs the $1.73 bln consensus. Co reaffirms guidance for FY08, sees EPS of $5.85-6.15, excluding non-recurring items, vs. $5.88 consensus.

7:42AM Evergreen Solar signs new sales contract with IBC SOLAR of $1.2 bln (ESLR) 9.16 : Co announces it has signed a new long-term sales contract valued at approximately $1.2 bln with German-based IBC SOLAR AG. This contract extends through 2013 and brings the co's total contractual backlog to nearly $3 billion with 5 customers. The solar panels for these take-or-pay contracts will be manufactured at the co's new 160 MW facility in Devens, Massachusetts, which opened in June, and at the co's next factory, which is expected to open in 2010. To date, the co has contracted approximately 70 percent of Devens expected capacity through 2010 and all of Devens capacity in 2011 through 2013. (stock is halted)

7:23AM State Street beats by $0.03, beats on revs; sees Y08 EPS at high end of previous guidance; sees Y08 revs to exceed previous guidance (STT) 55.70 : Reports Q2 (Jun) earnings of $1.39 per share, excluding non-recurring items, $0.03 better than the First Call consensus of $1.36; revenues rose 39.1% year/year to $2.67 bln vs the $2.6 bln consensus. "Our strong results of the quarter, plus the benefit of the $2.8 billion in equity capital that we issued in early June, enhanced the Corporation's solid capital position. Given the strength of the first half of the year, we now expect both growth in operating earnings per share to approach the high end of the 10 to 15 percent range and achievement of operating return on equity to approach the high end of the 14 percent to 17 percent range in 2008. We are also increasing our outlook for growth in revenue, expecting to exceed the high end of the 14 percent to 17 percent range in 2008. We continue to be focused on achieving positive operating leverage on an annual basis."

6:52AM Eaton beats by $0.16, beats on revs; guides Q3 EPS below consensus; guides FY08 EPS in-line (ETN) 79.89 : Reports Q2 (Jun) earnings of $2.10 per share, excluding non-recurring items, $0.16 better than the First Call consensus of $1.94; revenues rose 31.7% year/year to $4.28 bln vs the $4.14 bln consensus. Co issues downside guidance for Q3, sees EPS of $1.90-2.00 vs. $2.05 consensus. Co issues in-line guidance for FY08, sees EPS of $7.70-8.00 vs. $7.85 consensus.

6:22AM Polaris Inds beats by $0.04, beats on revs; guides Q3 in-line; guides FY08 EPS in-line, revs above consensus (PII) 41.50 : Reports Q2 (Jun) earnings of $0.72 per share, $0.04 better than the First Call consensus of $0.68; revenues rose 20.9% year/year to $455.7 mln vs the $405 mln consensus. Co issues in-line guidance for Q3, sees EPS of $1.07-1.11 vs. $1.10 consensus; sees Q3 revenue growth of 2-5% or roughly $554.9-571.2 mln vs. $559.14 mln consensus. Co issues guidance for FY08, sees EPS of $3.40-3.48 vs. $3.41 consensus, prior guidance $3.36-3.45; sees FY08 revenue growth of 9-11% (prior guidance 5-7% growth) or roughly $1.94-1.98 bbn vs. $1.9 bln consensus.