4:24PM ADC Telecom beats by $0.01, reports revs in-line; guides FY08 EPS in-line, revs in-line (ADCT) 9.17 -0.51 : Reports Q3 (Jul) earnings of $0.27 per share, excluding non-recurring items, $0.01 better than the First Call consensus of $0.26; revenues rose 12.7% year/year to $390.2 mln vs the $388.6 mln consensus. Co issues in-line guidance for FY08, sees EPS of $1.12-1.20, excluding $1.02 in non-recurring items, vs. $1.17 consensus; sees FY08 revs of $1.5-1.52 bln vs. $1.51 bln consensus. Based on their 3Q08 sales, ADCT now expects 4Q08 sales to be lower than 3Q08 as customers' capital spending nears the end of the calendar year. For FY08, gross margins are expected to be around 35%; however, they are expected to rise and decline with sales volume levels and mix from quarter to quarter. Looking ahead and generally consistent with its historical seasonality, ADCT anticipates that sales in Q109 will be lower than Q408.
4:17PM Martek Biosci beats by $0.04, beats on revs; guides Q4 EPS in-line, revs in-line; raises FY08 EPS above consensus, raises revs in-line (MATK) 32.12 -0.75 : Reports Q3 (Jul) earnings of $0.28 per share, $0.04 better than the First Call consensus of $0.24; revenues rose 13.6% year/year to $88.4 mln vs the $86.5 mln consensus. Co issues in-line guidance for Q4, sees EPS of $0.24-0.27 vs. $0.26 consensus; sees Q4 revs of $87-91 mln vs. $89.12 mln consensus. Co issues raises EPS guidance for FY08, sees EPS of $1.06-1.09 vs. $1.04 consensus, up from $1.01-1.05; sees FY08 revs of $349-353 mln vs. $349.22 mln consensus, up from $344-350 mln.
4:11PM Cooper Cos beats by $0.02, reports revs in-line; guides Q4 revs in-line; narrows FY08 EPS below consensus, narrows revs in-line (COO) 36.30 -0.01 : Reports Q3 (Jul) earnings of $0.67 per share, excluding non-recurring items, $0.02 better than the First Call consensus of $0.65; revenues rose 13.5% year/year to $285.9 mln vs the $285.2 mln consensus. Co issues guidance for Q4, sees EPS of $0.58-0.64, may not be comparable to $0.70 consensus; sees Q4 revs of $285-295 mln vs. $291.52 mln consensus. Co narrows EPS guidance for FY08, sees EPS of $2.18-2.24 vs. $2.29 consensus, up from $2.10-2.35; narrows FY08 revs to $1.08-1.1 bln vs. $1.09 bln consensus, up from $1.06-1.1 bln. Co lowers capital expenditures to $140-160 mln in fiscal 2008, up from $160-170 and reaffirms FY09 of $125-140 mln.
4:08PM Smith & Wesson misses by $0.02, beats on revs (SWHC) 5.39 -0.31 : Reports Q1 (Jul) earnings of $0.05 per share, $0.02 worse than the First Call consensus of $0.07; revenues rose 4.9% year/year to $78 mln vs the $75.4 mln consensus. "While the first quarter presented challenges, many of which we believe are transitory in nature, it also delivered ongoing handgun sales growth in all of our key channels. As we work through this challenging period in the industry and the economy, we will maintain our focus on driving long term revenue growth in each of our markets, and on controlling costs at every opportunity."
4:06PM Quiksilver beats by $0.04, beats on revs; guides FY08 EPS (ZQK) 7.19 -0.34 : Reports Q3 (Jul) earnings of $0.25 per share, $0.04 better than the First Call consensus of $0.21; revenues rose 6.9% year/year to $564.9 mln vs the $543.9 mln consensus. Co issues guidance for FY08, sees EPS slightly below $0.90 vs. $0.86 consensus. Co states, "...Our gross margins benefited from a higher proportion of our revenues coming from Europe and from our retail stores than in the same quarter a year ago and we again achieved some improvements in sourcing margins. At the same time, this business mix drove our expense ratio higher, and a weaker performance at retail, together with conservative ordering by our wholesale customers, led to some deleveraging of expenses."
4:04PM Ulta Salon beats by $0.01, reports revs in-line; guides Q3 EPS in-line, revs in-line; guides FY09 EPS in-line, reaffirms FY09 revs guidance (ULTA) 11.06 -0.32 : Reports Q2 (Jul) earnings of $0.06 per share, $0.01 better than the First Call consensus of $0.05; revenues rose 24.3% year/year to $249.1 mln vs the $251.3 mln consensus. Co issues in-line guidance for Q3, sees EPS of $0.08-0.10 vs. $0.10 consensus; sees Q3 revs of $259-263 mln vs. $258.80 mln consensus. Co issues mixed guidance for FY09, sees EPS of $0.52-0.57 vs. $0.54 consensus; sees FY09 revs of $1.12-1.13 bln vs. $1.13 bln consensus.
4:01PM Cascade misses by $0.09, misses on revs (CAE) 46.82 -3.11 : Reports Q2 (Jul) earnings of $0.94 per share, $0.09 worse than the First Call consensus of $1.03; revenues rose 4.8% year/year to $150.1 mln vs the $156 mln consensus.
7:33AM America's Car-Mart beats by $0.07, beats on revs (CRMT) 19.43 : Reports Q1 (Jul) earnings of $0.45 per share, $0.07 better than the First Call consensus of $0.38; revenues rose 29.0% year/year to $75.7 mln vs the $73.8 mln consensus. The provision for credit losses was 20.9% of sales compared to 21.8% in the same period last year. Net charge-offs as a percentage of average finance receivables was 5.7% compared to 6.4% in the same period last year and compared to 5.9% for the quarter ended April 30, 2008. "The solid results we have experienced for the first quarter of Fiscal 2009 are further confirmation of the positive effects of the numerous significant improvements we have made at Car-Mart over the last year and a half... We believe the strong competitive advantages we have over our competitors are continuing to be evident as we have increased our retail sales while at the same time remaining disciplined in our underwriting standards, down payments and loan terms. In fact, our customer profile data continues to show upward trends in the characteristics of our customer base and portfolio. With this positive data, we are confident in our ability to maintain increased sales levels. For this first fiscal quarter of 2009, our retail sales are up nearly 26% from last year, at 7,353 vehicles, continuing a positive sales trend that we have experienced over the last three fiscal quarters. In addition, same store revenues are up 28.5% from last year, as we continue to increase the efficiency and profitability of our existing store base."
7:33AM Movado Group misses by $0.02, misses on revs; reaffirms FY09 EPS guidance (MOV) 23.50 : Reports Q2 (Jul) earnings of $0.39 per share, excluding non-recurring items, $0.02 worse than the First Call consensus of $0.41; revenues fell 7.0% year/year to $129.7 mln vs the $132.9 mln consensus. Co reaffirms guidance for FY09, sees EPS of $1.65-1.72, excluding non-recurring items, vs. $1.69 consensus.
7:13AM Terex issues downside guidance (TEX) 47.32 : Co issues downside guidance for Q3 (Sep), sees EPS of $1.26-1.38 vs. $1.57 First Call consensus. Co issues downside guidance for Q4 (Dec), sees EPS of $1.20-1.33 vs. $1.60 consensus. Co issues downside guidance for FY08 (Dec), sees EPS of $6.35-6.65 vs. $7.08 consensus; sees FY08 (Dec) revs of $10.2-10.6 bln vs. $10.61 bln consensus. "While our Cranes and Materials Processing & Mining segments continue to perform better than our expectations, continued market softening and input costs in the Aerial Work Platforms and Construction segments in Western Europe and the United States are expected to more than offset those positive factors."
7:11AM Jackson Hewitt reports EPS in-line, misses on revs (JTX) 17.18 : Reports Q1 (Jul) loss of $0.69 per share, excluding non-recurring items, in-line with the First Call consensus of ($0.69); revenues fell 27.7% year/year to $4.3 mln vs the $4.5 mln consensus.
7:09AM Ciena reports EPS in-line, revs in-line; guides Q4 revs below consensus (CIEN) 17.43 : Reports Q3 (Jul) earnings of $0.37 per share, excluding non-recurring items, in-line with the First Call consensus of $0.37; revenues rose 23.5% year/year to $253.2 mln vs the $253.7 mln consensus. Co issues downside guidance for Q4, sees Q4 revs of $190-210 mln vs. $263.02 mln consensus. "In addition to existing customer-specific challenges, we have recently begun to experience order delays from many of our Tier One service provider customers, which we attribute to their guarded approach to capital expenditures given the uncertain macroeconomic environment. While we've seen no project or order cancellations, sales cycles are lengthening and some deployments are slowing."
7:07AM Pepsi Bottling reaffirms Q3 and FY08 EPS guidance (PBG) 31.46 : Co announces it is reaffirming its previously stated Q3 and full-year 2008 earnings per share guidance. PBG expects 2008 comparable diluted EPS of $2.30-$2.38, (vs $2.34 consensus), comparable operating profit growth in the low-single digits, and operating free cash flow of about $620 mln. PBG also reaffirmed that it will generate diluted EPS of $1.02-$1.06 in Q3 (vs $1.05 consensus).
7:03AM Flow beats by $0.03, misses on revs (FLOW) 6.74 : Reports Q1 (Jul) earnings of $0.08 per share, excluding non-recurring items, $0.03 better than the First Call consensus of $0.05; revenues fell 1.4% year/year to $57.1 mln vs the $60.8 mln consensus.
Showing posts with label TEX. Show all posts
Showing posts with label TEX. Show all posts
Thursday, September 4, 2008
Wednesday, July 23, 2008
Earnings - 23rd July 2008 (2)
6:08PM Alcon beats by $0.14, beats on revs; raises FY08 EPS above consensus, raises revs above consensus (ACL) 159.85 -5.21 : Reports Q2 (Jun) earnings of $1.88 per share, $0.14 better than the First Call consensus of $1.74; revenues rose 17.9% year/year to $1.74 bln vs the $1.68 bln consensus. Co raises guidance for FY08, sees EPS of $6.48-6.54 vs. $6.44 consensus, up from $6.24-6.30; raises FY08 revs of $6.46-6.51 bln vs. $6.4 bln consensus, up from $6.4-6.5 bln. Co says the increase is primarily due to the continuation of a more favorable currency environment than originally expected.
6:04PM Kirby Corp beats by $0.01, beats on revs; guides Q3 EPS above consensus; raises FY08 EPS in-line (KEX) 46.01 +0.99 : Reports Q2 (Jun) earnings of $0.74 per share, $0.01 better than the First Call consensus of $0.73; revenues rose 20.9% year/year to $348.3 mln vs the $324.1 mln consensus. Co issues upside guidance for Q3, sees EPS of $0.75-0.80 vs. $0.74 consensus. Co raises FY EPS guidance in-line; co sees EPS of $2.90-3.00 vs. $2.88 consensus. Co is also increasing its capital spending guidance range for 2008 to $165-175 mln, which includes ~$90 mln for the construction of new tank barges and towboats."
5:19PM Agnico-Eagle Mines misses by $0.07, misses on revs (AEM) 63.90 -4.02 : Reports Q2 (Jun) earnings of $0.08 per share, excluding non-recurring items, $0.07 worse than the First Call consensus of $0.15; revenues rose 16.3% year/year to $92.8 mln vs the $127.4 mln consensus. The reduction in net income was almost entirely due to the 56% decrease in the realized price of zinc, combined with a 7% decrease in zinc sales due to lower production, compared to the second quarter of 2007. The decline in zinc production during the quarter is due to the focus of mining on the lower mine at LaRonde where the ore is more gold/copper rich and has lower zinc grades.
5:19PM Noble Corp beats by $0.09, misses on revs (NE) 52.76 -3.21 : Reports Q2 (Jun) earnings of $1.40 per share, $0.09 better than the First Call consensus of $1.31; revenues rose 12.0% year/year to $812.9 mln vs the $834.9 mln consensus. Looking ahead, our industry faces a number of challenges. Raw materials costs, such as the price of steel, continue to climb. Added to this are increases in labor costs and the fluctuation in foreign exchange.
5:17PM Cabot beats by $0.14, beats on revs (CBT) 25.39 +0.64 : Reports Q3 (Jun) earnings of $0.52 per share, excluding non-recurring items, $0.14 better than the First Call consensus of $0.38; revenues rose 29.4% year/year to $840 mln vs the $801.5 mln consensus. Co says, "We remain solidly committed to our strategy and long term financial targets. Our Company is well positioned to meet our commitments to improve earnings and create shareholder value. We continue to aggressively manage the impact of increasing feedstock costs through price increases but we will continue to experience negative effects in Q4 due to substantial hydrocarbon price increases in June and July. We are planning to eliminate most of the time lag in our rubber blacks supply contracts over the coming 18 to 24 months and have implemented monthly pricing adjustments where feasible. Demand remains solid across most of our businesses with our leading positions in emerging markets providing strong support. We are managing our new business efforts with renewed discipline, including taking concrete steps to work more closely with lead users and key partners and terminating under-performing projects where appropriate. Our commitment to high return investments in energy recovery projects and to attractive growth opportunities in emerging regions continues."
5:03PM Baidu.com beats by $0.13, beats on revs; guides Q3 revs in-line (BIDU) 288.70 -3.66 : Reports Q2 (Jun) earnings of $1.11 per share, $0.13 better than the First Call consensus of $0.98; revenues rose 124.2% year/year to $117 mln vs the $112.5 mln consensus. The number of active online marketing customers during the second quarter grew to over 181,000, an increase of 12.4 % from the previous quarter. Co issues in-line guidance for Q3, sees Q3 revs of $132-136 mln vs. $135.26 mln consensus.
4:33PM IRobot beats by $0.11, beats on revs; guides FY08 revs above consensus (IRBT) 13.33 +0.31 : Reports Q2 (Jun) loss of $0.18 per share, $0.11 better than the First Call consensus of ($0.29); revenues rose 42.9% year/year to $67.2 mln vs the $51.7 mln consensus. Co issues upside guidance for FY08, sees FY08 revs of $295-305 mln vs. $292.3 mln consensus.
4:29PM Core Labs beats by $0.02, beats on revs; guides Q3 EPS in-line, revs in-line; guides FY08 EPS above consensus, revs above consensus (CLB) 118.80 -5.75 : Reports Q2 (Jun) earnings of $1.51 per share, excluding non-recurring items, $0.02 better than the First Call consensus of $1.49; revenues rose 17.4% year/year to $197.7 mln vs the $190.3 mln consensus. Co issues in-line guidance for Q3, sees EPS of $1.55-1.61 vs. $1.61 consensus; sees Q3 revs of $200-210 mln vs. $200.91 mln consensus. Co issues upside guidance for FY08, sees EPS of $6.05-6.15 vs. $6.17 consensus; sees FY08 revs of $784-795 mln vs. $780.87 mln consensus.
4:22PM Varian Medical beats by $0.12, beats on revs; guides FY08 EPS above consensus, revs above consensus (VAR) 53.28 +0.82 : Reports Q3 (Jun) earnings of $0.58 per share, $0.12 better than the First Call consensus of $0.46; revenues rose 21.1% year/year to $513 mln vs the $480.3 mln consensus. Co issues upside guidance for FY08, sees EPS growth of ~22% YoY (which calculates to ~$2.23 vs. $2.11 consensus); sees FY08 revs growth of ~17-18% (which calculates to ~$2.08-2.096 bln vs. $2.05 bln consensus). "At this early stage, we estimate that revenues for fiscal 2009 could grow by about 12 percent and that earnings per diluted share should grow at a slightly faster rate than revenues."
4:15PM F5 Networks beats by $0.01, beats on revs; guides Q4 revs in-line (FFIV) 30.98 -1.43 : Reports Q3 (Jun) GAAP earnings of $0.23 per share, $0.01 better than the First Call consensus of $0.22; revenues rose 25.1% year/year to $165.6 mln vs the $161.4 mln consensus. Co issues guidance for Q4, sees EPS of $0.19-0.20, includes a $5.3 charge, may not be comparable to $0.24 consensus; sees Q4 revs of $172-174 mln vs. $169.08 mln consensus.
4:12PM Omniture misses by $0.01, reports revs in-line; guides Q3 EPS below consensus, revs in-line; guides FY08 EPS in-line, revs in-line (OMTR) 20.97 -0.14 : Reports Q2 (Jun) earnings of $0.10 per share, excluding non-recurring items, $0.01 worse than the First Call consensus of $0.11; revenues rose 123.6% year/year to $74.9 mln vs the $74.3 mln consensus. Co issues mixed guidance for Q3, sees EPS of $0.10-0.11 vs. $0.12 consensus; sees Q3 revs of $78.5-80.5 vs. $79.82 mln consensus. Co issues in-line guidance for FY08, sees EPS of $0.41-0.46 vs. $0.45 consensus; sees FY08 revs of $308-313 vs. $310.56 mln consensus.
4:11PM Airgas reports EPS in-line, beats on revs; guides Q2 EPS in-line; tightening Y09 guidance range (ARG) 59.18 -0.53 : Reports Q1 (Jun) earnings of $0.81 per share, in-line with the First Call consensus of $0.81; revenues rose 22.0% year/year to $1.12 bln vs the $1.08 bln consensus. Co issues in-line guidance for Q2, sees EPS of $0.82-0.84 vs. $0.82 consensus. Co tightening guidance range for FY09, sees EPS of $3.30-3.40, compared to previous guidance of $3.24-3.40, vs. $3.39 consensus.
4:09PM Terex beats by $0.32, beats on revs; guides FY08 EPS in-line, revs in-line (TEX) 50.08 +0.62 : Reports Q2 (Jun) earnings of $2.32 per share, $0.32 better than the First Call consensus of $2.00; revenues rose 25.3% year/year to $2.94 bln vs the $2.76 bln consensus. Co issues in-line guidance for FY08, sees EPS of $6.85-7.15 vs. $6.92 consensus; sees FY08 revs of $10.5-10.9 bln vs. $10.5 bln consensus. Co says, "We expect strong infrastructure and commodity demand trends for our Cranes and MPM segments to continue, which will drive a higher portion of our net sales and income for the balance of 2008."
4:08PM MEMC Elec misses by $0.08, misses on revs; guides Q3 revs in-line; guides FY08 EPS in-line, revs below consensus; increases stock repurchase program by $500 mln (WFR) 53.80 +2.17 : Reports Q2 (Jun) earnings of $0.92 per share, $0.08 worse than the First Call consensus of $1.00; revenues rose 6.0% year/year to $531.4 mln vs the $557.9 mln consensus. Co issues in-line guidance for Q3, sees Q3 revs of $560-620 mln vs. $616.34 mln consensus. Co issues mixed guidance for FY08, sees EPS of $4.00-4.30 vs. $4.30 consensus; sees FY08 revs of $2.250-2.350 bln vs. $2.36 bln consensus... Co also announces the Board authorizes $500 mln increase in share repurchase program.
4:06PM Chipotle Mexican Grill misses by $0.01, reports revs in-line (CMG) 83.80 +2.14 : Reports Q2 (Jun) earnings of $0.74 per share, $0.01 worse than the First Call consensus of $0.75; revenues rose 24.3% year/year to $340.8 mln vs the $343.9 mln consensus. Comparable restaurant sales increased 7.1%. Restaurant level operating margins decreased 80 basis points to 22.4% . "We continue to expect 130 to 140 new restaurants openings in 2008, and though we face significant economic challenges in the short term, we continue to believe we can grow diluted earnings per share over the long-term at an average annual rate of at least 25%." Co reiterates FY08 comp restaurant sales increases in the mid single digits; 130-140 new restaurant openings; and non-cash stock compensation expense of approximately $12.5 to $13.0 million
4:05PM Tractor Supply beats by $0.05, beats on revs; guides FY08 EPS in-line, revs in-line (TSCO) 33.60 +2.08 : Reports Q2 (Jun) earnings of $1.24 per share, $0.05 better than the First Call consensus of $1.19; revenues rose 13.6% year/year to $898.3 mln vs the $888.7 mln consensus. Co issues in-line guidance for FY08, sees EPS of $2.49-2.55 vs. $2.50 consensus; and narrows its FY08 revs to $2.98-3.03 bln from $2.98-3.04 bln vs. $2.97 bln consensus. The co confirms that same-store sales for the year will be approx flat to 2%. The firm says the co anticipates opening approximately 88 to 93 stores for the full year and now expects there will be slightly fewer selling weeks from new stores in 2008.
4:04PM Nutrisystem beats by $0.06, beats on revs; guides Q3 revs below consensus; reaffirms FY08 revs guidance (NTRI) 17.58 -0.38 : Reports Q2 (Jun) earnings of $0.71 per share, $0.06 better than the First Call consensus of $0.65; revenues fell 9.1% year/year to $194 mln vs the $185.3 mln consensus. Co issues downside guidance for Q3, sees Q3 revs of $160-170 mln vs. $180.55 mln consensus; co sees adjusted EBITDA of $25-30 mln. Co reaffirms guidance for FY08, sees FY08 revs of $700-720 mln vs. $716.91 mln consensus; co sees adjusted EBITDA of $110-120 mln.
8:40AM Exelon beats by $0.11, reports revs in-line; reaffirms FY08 EPS guidance (EXC) 84.58 : Reports Q2 (Jun) earnings of $1.13 per share, excluding non-recurring items, $0.11 better than the First Call consensus of $1.02; revenues rose 2.7% year/year to $4.62 bln vs the $4.6 bln consensus. Co reaffirms guidance for FY08, sees EPS of $4.00-4.40, excluding non-recurring items, vs. $4.35 consensus.
8:38AM ConocoPhillips beats by $0.05, beats on revs (COP) 84.31 : Reports Q2 (Jun) earnings of $3.50 per share, $0.05 better than the First Call consensus of $3.45; co reports revs of $71.4 bln vs $47.4 bln in yr ago period. "During the second quarter, we produced 2.2 million BOE per day, including an estimated 0.4 million BOE per day from our LUKOIL Investment segment. In the downstream business, our worldwide refining crude oil capacity utilization rate improved to 93 percent... Looking ahead to the third quarter, we anticipate the company's E&P segment production will be similar to the second quarter. We expect full-year 2008 production will be consistent with our operating plan. We anticipate exploration expenses to be approximately $375 million for the quarter."
8:32AM Genzyme beats by $0.01, beats on revs; reaffirms FY08 EPS guidance (GENZ) 79.30 : Reports Q2 (Jun) earnings of $0.98 per share, $0.01 better than the First Call consensus of $0.97; revenues rose 25.5% year/year to $1.17 bln vs the $1.13 bln consensus. Co reaffirms guidance for FY08, sees EPS of $3.90 vs. $3.94 consensus.
6:04PM Kirby Corp beats by $0.01, beats on revs; guides Q3 EPS above consensus; raises FY08 EPS in-line (KEX) 46.01 +0.99 : Reports Q2 (Jun) earnings of $0.74 per share, $0.01 better than the First Call consensus of $0.73; revenues rose 20.9% year/year to $348.3 mln vs the $324.1 mln consensus. Co issues upside guidance for Q3, sees EPS of $0.75-0.80 vs. $0.74 consensus. Co raises FY EPS guidance in-line; co sees EPS of $2.90-3.00 vs. $2.88 consensus. Co is also increasing its capital spending guidance range for 2008 to $165-175 mln, which includes ~$90 mln for the construction of new tank barges and towboats."
5:19PM Agnico-Eagle Mines misses by $0.07, misses on revs (AEM) 63.90 -4.02 : Reports Q2 (Jun) earnings of $0.08 per share, excluding non-recurring items, $0.07 worse than the First Call consensus of $0.15; revenues rose 16.3% year/year to $92.8 mln vs the $127.4 mln consensus. The reduction in net income was almost entirely due to the 56% decrease in the realized price of zinc, combined with a 7% decrease in zinc sales due to lower production, compared to the second quarter of 2007. The decline in zinc production during the quarter is due to the focus of mining on the lower mine at LaRonde where the ore is more gold/copper rich and has lower zinc grades.
5:19PM Noble Corp beats by $0.09, misses on revs (NE) 52.76 -3.21 : Reports Q2 (Jun) earnings of $1.40 per share, $0.09 better than the First Call consensus of $1.31; revenues rose 12.0% year/year to $812.9 mln vs the $834.9 mln consensus. Looking ahead, our industry faces a number of challenges. Raw materials costs, such as the price of steel, continue to climb. Added to this are increases in labor costs and the fluctuation in foreign exchange.
5:17PM Cabot beats by $0.14, beats on revs (CBT) 25.39 +0.64 : Reports Q3 (Jun) earnings of $0.52 per share, excluding non-recurring items, $0.14 better than the First Call consensus of $0.38; revenues rose 29.4% year/year to $840 mln vs the $801.5 mln consensus. Co says, "We remain solidly committed to our strategy and long term financial targets. Our Company is well positioned to meet our commitments to improve earnings and create shareholder value. We continue to aggressively manage the impact of increasing feedstock costs through price increases but we will continue to experience negative effects in Q4 due to substantial hydrocarbon price increases in June and July. We are planning to eliminate most of the time lag in our rubber blacks supply contracts over the coming 18 to 24 months and have implemented monthly pricing adjustments where feasible. Demand remains solid across most of our businesses with our leading positions in emerging markets providing strong support. We are managing our new business efforts with renewed discipline, including taking concrete steps to work more closely with lead users and key partners and terminating under-performing projects where appropriate. Our commitment to high return investments in energy recovery projects and to attractive growth opportunities in emerging regions continues."
5:03PM Baidu.com beats by $0.13, beats on revs; guides Q3 revs in-line (BIDU) 288.70 -3.66 : Reports Q2 (Jun) earnings of $1.11 per share, $0.13 better than the First Call consensus of $0.98; revenues rose 124.2% year/year to $117 mln vs the $112.5 mln consensus. The number of active online marketing customers during the second quarter grew to over 181,000, an increase of 12.4 % from the previous quarter. Co issues in-line guidance for Q3, sees Q3 revs of $132-136 mln vs. $135.26 mln consensus.
4:33PM IRobot beats by $0.11, beats on revs; guides FY08 revs above consensus (IRBT) 13.33 +0.31 : Reports Q2 (Jun) loss of $0.18 per share, $0.11 better than the First Call consensus of ($0.29); revenues rose 42.9% year/year to $67.2 mln vs the $51.7 mln consensus. Co issues upside guidance for FY08, sees FY08 revs of $295-305 mln vs. $292.3 mln consensus.
4:29PM Core Labs beats by $0.02, beats on revs; guides Q3 EPS in-line, revs in-line; guides FY08 EPS above consensus, revs above consensus (CLB) 118.80 -5.75 : Reports Q2 (Jun) earnings of $1.51 per share, excluding non-recurring items, $0.02 better than the First Call consensus of $1.49; revenues rose 17.4% year/year to $197.7 mln vs the $190.3 mln consensus. Co issues in-line guidance for Q3, sees EPS of $1.55-1.61 vs. $1.61 consensus; sees Q3 revs of $200-210 mln vs. $200.91 mln consensus. Co issues upside guidance for FY08, sees EPS of $6.05-6.15 vs. $6.17 consensus; sees FY08 revs of $784-795 mln vs. $780.87 mln consensus.
4:22PM Varian Medical beats by $0.12, beats on revs; guides FY08 EPS above consensus, revs above consensus (VAR) 53.28 +0.82 : Reports Q3 (Jun) earnings of $0.58 per share, $0.12 better than the First Call consensus of $0.46; revenues rose 21.1% year/year to $513 mln vs the $480.3 mln consensus. Co issues upside guidance for FY08, sees EPS growth of ~22% YoY (which calculates to ~$2.23 vs. $2.11 consensus); sees FY08 revs growth of ~17-18% (which calculates to ~$2.08-2.096 bln vs. $2.05 bln consensus). "At this early stage, we estimate that revenues for fiscal 2009 could grow by about 12 percent and that earnings per diluted share should grow at a slightly faster rate than revenues."
4:15PM F5 Networks beats by $0.01, beats on revs; guides Q4 revs in-line (FFIV) 30.98 -1.43 : Reports Q3 (Jun) GAAP earnings of $0.23 per share, $0.01 better than the First Call consensus of $0.22; revenues rose 25.1% year/year to $165.6 mln vs the $161.4 mln consensus. Co issues guidance for Q4, sees EPS of $0.19-0.20, includes a $5.3 charge, may not be comparable to $0.24 consensus; sees Q4 revs of $172-174 mln vs. $169.08 mln consensus.
4:12PM Omniture misses by $0.01, reports revs in-line; guides Q3 EPS below consensus, revs in-line; guides FY08 EPS in-line, revs in-line (OMTR) 20.97 -0.14 : Reports Q2 (Jun) earnings of $0.10 per share, excluding non-recurring items, $0.01 worse than the First Call consensus of $0.11; revenues rose 123.6% year/year to $74.9 mln vs the $74.3 mln consensus. Co issues mixed guidance for Q3, sees EPS of $0.10-0.11 vs. $0.12 consensus; sees Q3 revs of $78.5-80.5 vs. $79.82 mln consensus. Co issues in-line guidance for FY08, sees EPS of $0.41-0.46 vs. $0.45 consensus; sees FY08 revs of $308-313 vs. $310.56 mln consensus.
4:11PM Airgas reports EPS in-line, beats on revs; guides Q2 EPS in-line; tightening Y09 guidance range (ARG) 59.18 -0.53 : Reports Q1 (Jun) earnings of $0.81 per share, in-line with the First Call consensus of $0.81; revenues rose 22.0% year/year to $1.12 bln vs the $1.08 bln consensus. Co issues in-line guidance for Q2, sees EPS of $0.82-0.84 vs. $0.82 consensus. Co tightening guidance range for FY09, sees EPS of $3.30-3.40, compared to previous guidance of $3.24-3.40, vs. $3.39 consensus.
4:09PM Terex beats by $0.32, beats on revs; guides FY08 EPS in-line, revs in-line (TEX) 50.08 +0.62 : Reports Q2 (Jun) earnings of $2.32 per share, $0.32 better than the First Call consensus of $2.00; revenues rose 25.3% year/year to $2.94 bln vs the $2.76 bln consensus. Co issues in-line guidance for FY08, sees EPS of $6.85-7.15 vs. $6.92 consensus; sees FY08 revs of $10.5-10.9 bln vs. $10.5 bln consensus. Co says, "We expect strong infrastructure and commodity demand trends for our Cranes and MPM segments to continue, which will drive a higher portion of our net sales and income for the balance of 2008."
4:08PM MEMC Elec misses by $0.08, misses on revs; guides Q3 revs in-line; guides FY08 EPS in-line, revs below consensus; increases stock repurchase program by $500 mln (WFR) 53.80 +2.17 : Reports Q2 (Jun) earnings of $0.92 per share, $0.08 worse than the First Call consensus of $1.00; revenues rose 6.0% year/year to $531.4 mln vs the $557.9 mln consensus. Co issues in-line guidance for Q3, sees Q3 revs of $560-620 mln vs. $616.34 mln consensus. Co issues mixed guidance for FY08, sees EPS of $4.00-4.30 vs. $4.30 consensus; sees FY08 revs of $2.250-2.350 bln vs. $2.36 bln consensus... Co also announces the Board authorizes $500 mln increase in share repurchase program.
4:06PM Chipotle Mexican Grill misses by $0.01, reports revs in-line (CMG) 83.80 +2.14 : Reports Q2 (Jun) earnings of $0.74 per share, $0.01 worse than the First Call consensus of $0.75; revenues rose 24.3% year/year to $340.8 mln vs the $343.9 mln consensus. Comparable restaurant sales increased 7.1%. Restaurant level operating margins decreased 80 basis points to 22.4% . "We continue to expect 130 to 140 new restaurants openings in 2008, and though we face significant economic challenges in the short term, we continue to believe we can grow diluted earnings per share over the long-term at an average annual rate of at least 25%." Co reiterates FY08 comp restaurant sales increases in the mid single digits; 130-140 new restaurant openings; and non-cash stock compensation expense of approximately $12.5 to $13.0 million
4:05PM Tractor Supply beats by $0.05, beats on revs; guides FY08 EPS in-line, revs in-line (TSCO) 33.60 +2.08 : Reports Q2 (Jun) earnings of $1.24 per share, $0.05 better than the First Call consensus of $1.19; revenues rose 13.6% year/year to $898.3 mln vs the $888.7 mln consensus. Co issues in-line guidance for FY08, sees EPS of $2.49-2.55 vs. $2.50 consensus; and narrows its FY08 revs to $2.98-3.03 bln from $2.98-3.04 bln vs. $2.97 bln consensus. The co confirms that same-store sales for the year will be approx flat to 2%. The firm says the co anticipates opening approximately 88 to 93 stores for the full year and now expects there will be slightly fewer selling weeks from new stores in 2008.
4:04PM Nutrisystem beats by $0.06, beats on revs; guides Q3 revs below consensus; reaffirms FY08 revs guidance (NTRI) 17.58 -0.38 : Reports Q2 (Jun) earnings of $0.71 per share, $0.06 better than the First Call consensus of $0.65; revenues fell 9.1% year/year to $194 mln vs the $185.3 mln consensus. Co issues downside guidance for Q3, sees Q3 revs of $160-170 mln vs. $180.55 mln consensus; co sees adjusted EBITDA of $25-30 mln. Co reaffirms guidance for FY08, sees FY08 revs of $700-720 mln vs. $716.91 mln consensus; co sees adjusted EBITDA of $110-120 mln.
8:40AM Exelon beats by $0.11, reports revs in-line; reaffirms FY08 EPS guidance (EXC) 84.58 : Reports Q2 (Jun) earnings of $1.13 per share, excluding non-recurring items, $0.11 better than the First Call consensus of $1.02; revenues rose 2.7% year/year to $4.62 bln vs the $4.6 bln consensus. Co reaffirms guidance for FY08, sees EPS of $4.00-4.40, excluding non-recurring items, vs. $4.35 consensus.
8:38AM ConocoPhillips beats by $0.05, beats on revs (COP) 84.31 : Reports Q2 (Jun) earnings of $3.50 per share, $0.05 better than the First Call consensus of $3.45; co reports revs of $71.4 bln vs $47.4 bln in yr ago period. "During the second quarter, we produced 2.2 million BOE per day, including an estimated 0.4 million BOE per day from our LUKOIL Investment segment. In the downstream business, our worldwide refining crude oil capacity utilization rate improved to 93 percent... Looking ahead to the third quarter, we anticipate the company's E&P segment production will be similar to the second quarter. We expect full-year 2008 production will be consistent with our operating plan. We anticipate exploration expenses to be approximately $375 million for the quarter."
8:32AM Genzyme beats by $0.01, beats on revs; reaffirms FY08 EPS guidance (GENZ) 79.30 : Reports Q2 (Jun) earnings of $0.98 per share, $0.01 better than the First Call consensus of $0.97; revenues rose 25.5% year/year to $1.17 bln vs the $1.13 bln consensus. Co reaffirms guidance for FY08, sees EPS of $3.90 vs. $3.94 consensus.
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