Earnings - 14th May 2009

5:32PM Middleby beats by $0.16, beats on revs (MIDD) 42.59 -0.61 : Reports Q1 (Mar) earnings of $0.77 per share, $0.16 better than the First Call consensus of $0.61; revenues rose 12.8% year/year to $181.5 mln vs the $167.4 mln consensus. We remain on track to realize our cost savings targets and anticipate this business will reach operating margins in excess of 10% this year and the transaction will be accretive in the second half of 2009. We continue to be very excited about this technology and the opportunity to expand the current customer base. Despite the challenging market conditions we continue to see strong interest in TurboChef products."

4:11PM Nordstrom beats by $0.05, beats on revs; raises FY10 EPS guidance, reaffirms FY10 comps guidance (JWN) 20.95 +0.68 : Reports Q1 (Apr) earnings of $0.31 per share, $0.05 better than the First Call consensus of $0.26; revenues fell 9.0% year/year to $1.71 bln vs the $1.69 bln consensus. Based on first quarter performance, the company is revising its outlook for the 2009 fiscal year to reflect increases in gross profit and credit card revenue, partly offset by an increase in bad debt expense. Co raises guidance for FY10, sees EPS of $1.25-1.50, including impact of $0.06 tax benefit, up from prior guidance of $1.10-1.40, vs. $1.27 consensus. Co reaffirms FY10 comps guidance, sees decline of 10-15%.

4:06PM Agilent reports EPS in-line, beats on revs (A) 18.33 +0.28 : Reports Q2 (Apr) earnings of $0.13 per share, in-line with the First Call consensus of $0.13; revenues fell 25.1% year/year to $1.09 bln vs the $1.07 bln consensus. Looking ahead, Bill Sullivan, Agilent president and chief executive officer, noted that there are some tentative signs that the global downturn may be nearing a trough. Said Sullivan, "If these early signals of a bottoming in global electronics markets continue, we could anticipate a bottoming in our electronic measurement business in the next few months. There are also some indications that bio-analytical markets could begin to benefit from the global stimulus packages by year-end.Based on these indicators, we would expect full year fiscal 2009 revenues to be down roughly 25 percent from 2008."

4:03PM ICX Technolgies beats by $0.10, beats on revs; lowers FY09 rev guidance (ICXT) 4.44 +0.23 : Reports Q1 (Mar) loss of $0.10 per share, $0.10 better than the First Call consensus of ($0.20); revenues rose 31.7% year/year to $47.8 mln vs the $40.7 mln consensus. Co lowers revenue guidance for FY09, sees FY09 revs of $190-200 mln vs. $199.87 mln consensus, prior guidance $196-206 mln. Co reaffirms its annual adjusted EBITDA guidance in the range of $2 million to $7 million.

7:34AM Am Superconductor beats by $0.02, beats on revs; guides FY10 EPS below consensus, revs below consensus (AMSC) 24.44 : Reports Q4 (Mar) earnings of $0.03 per share, $0.02 better than the First Call consensus of $0.01; revenues rose 59.4% year/year to $61.2 mln vs the $57.9 mln consensus. Co issues downside guidance for FY10, ending in March 2010, sees EPS of $0.01-0.03 vs. $0.05 consensus; sees FY10 revs of $2.25-2.35 mln vs. $241.56 mln consensus. Co said, "We are increasing our gross margin target for fiscal 2009 from a range of 28 percent to 30 percent to a range of 30 percent to 32 percent... We also expect to be net cash flow positive in fiscal year 2009."

7:04AM Wal-Mart reports EPS in-line; guides Q2 EPS in-line (WMT) 50.03 : Reports Q1 (Apr) earnings of $0.77 per share, in-line with the First Call consensus of $0.77; revenues fell 0.6% year/year to $93.47 bln, in-line with company preannouncement. Co issues in-line guidance for Q2, sees EPS of $0.83-0.88 vs. $0.85 consensus.

7:02AM Kohl's beats by $0.02, reports revs in-line; guides Q2 EPS in-line; raises FY10 guidance range (KSS) 41.95 : Reports Q1 (Apr) earnings of $0.45 per share, $0.02 better than the First Call consensus of $0.43; revenues rose 0.4% year/year to $3.64 bln vs the $3.62 bln consensus. Co issues in-line guidance for Q2, sees EPS of $0.56-0.64 vs. $0.61 consensus. Co updates for FY10, sees EPS of $2.19-2.42 vs. $2.53 consensus, prior guidance $2.00-2.30.

6:33AM Gildan Activewear misses by $0.04, beats on revs (GIL) 10.85 : Reports Q2 (Mar) earnings of $0.06 per share, $0.04 worse than the First Call consensus of $0.10; revenues fell 16.7% year/year to $244.8 mln vs the $226.4 mln consensus; due primarily to a 21.9% decline in activewear sales including a 13.9% decrease in unit shipments of activewear. Gross margins in Q2 were 15.8%, compared to 28.8% after recasting prior year comparatives to reflect the reclassification of manufacturing depreciation and certain items from selling, general and administrative expenses to cost of sales.

6:10AM Urban Outfitters beats by $0.01, reports revs in-line (URBN) 18.83 : Reports Q1 (Apr) earnings of $0.18 per share, $0.01 better than the First Call consensus of $0.17; revenues fell 2.4% year/year to $384.8 mln vs the $386.8 mln consensus

7:54AM JC Penney beats by $0.01, reports revs in-line; guides Q2 EPS below consensus (JCP) 26.65 : Reports Q1 (Apr) earnings of $0.11 per share, $0.01 better thanthe First Call consensus of $0.10; revenues fell 5.9% year/year to $3.88 bln vs the $3.88 bln consensus. Co issues downside guidance for Q2, sees EPS of ($0.25)-($0.15) vs. ($0.09) consensus; sees total sale down 7-10%, comparable store sales down 9-12%. Co says it is raising guidance for FY10, sees EPS of $0.50-0.65 vs. $0.76 consensus; expects full year comparable store sales to decrease approximately 9%. Co said,  "Looking to the balance of the year, we expect consumer spending and mall traffic to remain weak, which will be particularly evident against tough comparisons in the second quarter. As these conditions persist, we will continue to deliver newness and excitement in our merchandise assortments while maintaining a vigilant focus on the areas of the business we control."

7:04AM Fuqi Intl beats by $0.11, misses on revs; guides Q2 EPS in-line, revs below consensus; guides FY09 EPS above consensus, revs below consensus (FUQI) 6.49 : Reports Q1 (Mar) earnings of $0.45 per share, $0.11 better than the First Call consensus of $0.34; revenues rose 41.0% year/year to $109.4 mln vs the $111.1 mln consensus. Co issuesmixed guidance for Q2, sees EPS of $0.27-0.32 vs. $0.29 consensus; sees Q2 revs of $89.5-93.5 mln vs. $95.74 mln consensus. Co issues mixed guidance for FY09, sees EPS of $1.49-1.63 vs. $1.44 consensus; sees FY09 revs of $442-465 mln vs. $469.44 mln consensus. Gross profit margin for the first quarter of 2009 increased 510 bps to 16.5% compared to 11.4% in the same period in the prior year.

Earnings - 5th March 2009

5:37PM Intrepid Potash reports EPS in-line, beats on revs (IPI) 17.04 -0.69 : Reports Q4 (Dec) earnings of $0.30 per share, in-line with the First Call consensus of $0.30; revenues rose 41.2% year/year to $79.5 mln vs the $77.7 mln consensus. The average net realized sales price for potash in Q4 2008 increased to $762 per short ton ($840 per metric tonne) compared to $224 per short ton ($247 per metric tonne) in the same period of 2007. Potash sales in the fourth quarter were 94,000 short tons compared to 215,000 short tons in the fourth quarter of 2007. Potash production in the quarter decreased to 201,000 short tons compared to 217,000 short tons produced in Q4 of 2007. Average net realized sales price for langbeinite, which we market under the registered name of Trio(R) increased to $323 per short ton ($356 per metric tonne) in the fourth quarter of 2008 compared to $137 per short ton ($151 per metric tonne) in the fourth quarter of 2007. Co says, "we are approaching 2009 thoughtfully and are focused on maintaining the strength of our balance sheet which allows us to retain a strong marketing position as it relates to the price of potash. We intend to accomplish this by managing production volumes and cash and by adjusting our capital programs appropriately throughout the year. Although we believe that long-term potash fundamentals are solid, we expect the near-term market conditions to remain erratic and unpredictable. The potash market will guide business decisions in 2009, specifically those related to production and capital allocation."

4:08PM Fuel Systems Solutions reports Q4 (Dec) results, misses on revs; guides FY09 revs below consensus (FSYS) 19.11 -0.38 : Reports Q4 (Dec) earnings of $0.04 per share, may not be comparable to the First Call consensus of $0.41. Net income for the fourth quarter of 2008 included a $1.1 million increase in the provision for the loan receivable from the company's unconsolidated WMTM joint venture, a $1.0 million in foreign currency exchange loss, a $900,000 increase in provision for accounts receivable, and $800,000 in costs related to the acquisition of DS; revenues rose 5.8% year/year to $84.3 mln vs the $91 mln consensus. Co issues downside guidance for FY09, sees FY09 revs of $330-360 mln vs. $418.54 mln consensus. As such, the company is targeting 2009 gross margin between 25.0% and 27.0% and 2009 operating margin to be between 10.0% and 12.0%.

4:07PM Union Drilling beats by $0.05, beats on revs (UDRL) 2.58 -0.39 : Reports Q4 (Dec) earnings of $0.19 per share, excluding non-recurring items, $0.05 better than the First Call consensus of $0.14; revenues rose 20.0% year/year to $80.9 mln vs the $78.8 mln consensus. "The severe decline in our stock price below book value per share over the last few months of 2008 required us to take an impairment charge for the $7.9 million of goodwill on our balance sheet, which resulted in Union Drilling reporting a net loss for the quarter. However, our conservative balance sheet and term contract cover provided us with the ability to take advantage of the depressed stock price through our share repurchase program. Approximately nine percent of the equity in the Company was purchased for less than the cost of a new drilling rig. We will continue to assess the merits of further share repurchases in this declining environment."

4:06PM ArcSight beats by $0.13, beats on revs; guides Q4 EPS in-line, revs above consensus; guides FY09 EPS above consensus, revs above consensus (ARST) 8.79 +0.15 : Reports Q3 (Jan) earnings of $0.21 per share, $0.13 better than the First Call consensus of $0.08; revenues rose 31.4% year/year to $36.4 mln vs the $32.7 mln consensus. Co issues mixed guidance for Q4, sees EPS of $0.09-0.15 vs. $0.10 consensus; sees Q4 revs of $34-38 mln vs. $33.84 mln consensus. Co issues upside guidance for FY09, sees EPS of $0.41-0.48 vs. $0.29 consensus; sees FY09 revs of $130.9-134.9 vs. $127.34 mln consensus. Co says, "Enterprises and govt agencies place great value on protecting their businesses, assets, and services whether in robust or difficult economic times. In our view, this important and resilient value proposition is supported by our continued strong growth in our first year as a public co."

4:02PM Cooper Cos beats by $0.14, beats on revs; guides FY09 EPS in-line, revs in-line (COO) 19.21 -0.95 : Reports Q1 (Jan) earnings of $0.53 per share, $0.14 better thanthe First Call consensus of $0.39; revenues rose 3.5% year/year to $251.1 mln vs the $245 mln consensus. Co issues in-line guidance for FY09, sees EPS of $2.16-$2.36 vs. $2.21 consensus; sees FY09 revs of $1.03-$1.10 bln vs. $1.07 bln consensus.

8:06AM Cornell Corr reports Q4 EPS of $0.50 vs $0.40 First Call consensus; revs of $101.5 mln vs $101.53 mln First Call consensus (CRN) 13.99 : Cornell Corr sees Q1 EPS of $0.30-0.34 vs $0.34 First Call consensus; Cornell Corr sees FY09 EPS of $1.64-1.72 vs $1.60 First Call consensus.

8:05AM Lincoln Educational Services beats by $0.07, beats on revs; guides Q1 EPS above consensus, revs above consensus; guides FY09 EPS above consensus, revs above consensus (LINC) 15.56 : Reports Q4 (Dec) earnings of $0.51 per share, excluding non-recurring items, $0.07 better than the First Call consensus of $0.44; revenues rose 18.8% year/year to $107.3 mln vs the $103.3 mln consensus. Co issues upside guidance for Q1, sees EPS of $0.05-0.07 vs. $0.01 consensus; sees Q1 revs of $112-114 mln vs. $103.39 mln consensus. Co issues upside guidance for FY09, sees EPS of $0.90-0.95 vs. $0.86 consensus; sees FY09 revs of $476-486 mln vs. $446.16 mln consensus.

8:03AM Western Refining beats by $0.08, misses on revs (WNR) 11.22 : Reports Q4 (Dec) earnings of $0.49 per share, excluding non-recurring items, $0.08 better than the First Call consensus of $0.41; revenues fell 31.5% year/year to $1.66 bln vs the $2.16 bln consensus. "Refining margins in our markets are typically weaker in the first quarter. However, they were strong in the months of January and February and we expect to have continued strong margins in our markets in the month of March as we move into the driving season... With the improvements we have made at our refineries and the robust margins we have experienced to date in the quarter, the first quarter of 2009 has the potential to be one of our most profitable quarters."

7:33AM China Security and Surveillance misses by $0.04, beats on revs; reaffirms FY09 EPS guidance, revs guidance (CSR) 3.11 : Reports Q4 (Dec) earnings of $0.49 per share, $0.04 worse than the First Call consensus of $0.53; revenues rose 70.4% year/year to $143.5 mln vs the $129.4 mln consensus. Co reaffirms guidance for FY09, sees EPS of $2.16-2.26 vs. $2.17 consensus; sees FY09 revs of $600-630 mln vs. $572.44 mln consensus. offerings. Co says "... while our pricing and profitability remain firm in the government sector, we nevertheless experienced price erosions in our corporate segment, due to higher emphasis on cost controls by many of our corporate customers. As such, while we continue to project healthy demand and revenue growth over the next 12 months, we are focused on further integrating our operations and generating greater synergies across our portfolio of technologies, products, and subsidiaries. We are also focused on increasing our manufacturing and administrative efficiencies through targeted cost savings initiatives.''

7:04AM Fuel-Tech misses by $0.01, beats on revs (FTEK) 8.28 : Reports Q4 (Dec) loss of $0.02 per share, $0.01 worse than the First Call consensus of ($0.01); revenues fell 44.4% year/year to $18.1 mln vs the $16.5 mln consensus. Co said, "While we are reasonably encouraged about our business prospects for 2009, especially in the wake of the re-instatement of CAIR and the resulting strong start to our 2009 APC orders, we are mindful of the severe economic stress on many of our customers. We believe that both our revenues and profits in 2009 will exceed our 2008 results, but we think it is just too early in the year for us to more definitively quantify those estimates in a meaningful way. We will consider providing more definitive estimates on our future quarterly earnings conference calls."

7:03AM Family Dollar reports February same-store sales increased 6.4%; sees Q2 EPS of $0.59-0.61 vs $0.51 First Call consensus (FDO) 27.27 :  

6:59AM SXC Health Solutions beats by $0.14, beats on revs; guides FY09 EPS above consensus, revs in-line (SXCI) 19.21 : Reports Q4 (Dec) earnings of $0.28 per share, excluding amortization of NMHC acquisiton, $0.14 better than the First Call consensus of $0.14; revenues rose 1143.2% year/year to $292.8 mln vs the $280.9 mln consensus. Co issues mixed guidance for FY09, sees EPS of $0.99-1.08 vs. $0.77 consensus; sees FY09 revs of $1.2-1.3 bln vs. $1.21 bln consensus. Co sees adjusted Ebitda of $51.0-54.0 mln.

6:06AM Urban Outfitters misses by $0.04, misses on revs (URBN) 15.97 : Reports Q4 (Jan) earnings of $0.24 per share, $0.04 worse than the First Call consensus of $0.28; revenues rose 9.2% year/year to $508.1 mln vs the $515.3 mln consensus. For Q4, gross profit margin declined by 555 basis points, vs the prior year's comparable period. This decrease is primarily due to a higher rate of applied and anticipated merchandise markdowns to clear seasonal inventory.

1:26AM Middleby beats by $0.15, misses on revs (MIDD) 21.47 : Reports Q4 (Dec) earnings of $1.04 per share, $0.15 better than the First Call consensus of $0.89; revenues rose 3.8% year/year to $151 mln vs the $161.1 mln consensus.

Earnings - 14th Aug 2008

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.

Earnings - 7th Aug 2008 (1)

7:06AM Aecom Tech beats by $0.02, beats on revs; raises Y08 guidance (ACM) 28.82 : Reports Q3 (Jun) earnings of $0.37 per share, $0.02 better than the First Call consensus of $0.35; revenues rose 20.0% year/year to $1.32 bln vs the $1.24 bln consensus. Co raises guidance for FY08, sees EPS of $1.34-1.37, compared to previous guidance of $1.30-1.34, vs. $1.35 consensus.

7:05AM Linn Energy beats by $0.13, beats on revs (LINE) 19.50 : Reports Q2 (Jun) earnings of $0.70 per share, $0.13 better than the First Call consensus of $0.57; revenues rose 45.3% year/year to $255.5 mln vs the $230.1 mln consensus. The co also announced it took advantage of the increase in crude oil prices by locking in these gains in the form of put strike increases. The Company increased the weighted average put strike price from $72.13 to $120.00 per barrel in 2009 and from $70.56 to $110.00 per barrel in 2010 for a total cost of $60.6 mln

7:05AM Sally Beauty beats by $0.03, beats on revs (SBH) 7.62 : Reports Q3 (Jun) earnings of $0.13 per share, excluding non-recurring items, $0.03 better than the First Call consensus of $0.10; revenues rose 6.5% year/year to $676.3 mln vs the $669.2 mln consensus.

7:02AM Western Refining misses by $0.04 (WNR) 7.28 : Reports Q2 (Jun) earnings of $0.24 per share, excluding non-cash charge, $0.04 worse than the First Call consensus of $0.28.

7:01AM King Pharms misses by $0.02, reports revs in-line (KG) 12.25 : Reports Q2 (Jun) earnings of $0.30 per share, excluding non-recurring items, $0.02 worse than the First Call consensus of $0.32; revenues fell 26.9% year/year to $397 mln vs the $397.3 mln consensus.

6:40AM Fluor awarded two Valero hydrocracker projects totaling $1.2 bln (FLR) 76.70 : Co announces it signed contracts with Valero Energy to provide engineering, procurement, construction and construction management services for its Unified Hydrocracker Program projects at its St. Charles, La., and Port Arthur, Texas refineries. The contracts for the HCU Program expansion projects totaling $1.2 billion were booked in the second quarter of 2008.

6:34AM Warner Music Group beats by $0.12, beats on revs (WMG) 8.44 : Reports Q3 (Jun) loss of $0.06 per share, $0.12 better than the First Call consensus of ($0.18); revenues rose 5.5% year/year to $848 mln vs the $769 mln consensus.

6:33AM Carrizo Oil & Gas beats by $0.01, beats on revs (CRZO) 47.14 : Reports Q2 (Jun) earnings of $0.62 per share, excluding non-recurring items, $0.01 better than the First Call consensus of $0.61; revenues rose 97.0% year/year to $64.8 mln vs the $62.1 mln consensus.

6:30AM Urban Outfitters Q2 comp sales increase 13% (URBN) 32.60 : Co reports total co sales increased by 30% over the same period last year to $454.3 mln. Comparable store sales at Anthropologie, Free People and Urban Outfitters rose 7%, 10% and 19%, respectively, for a combined increase of 13%.

6:22AM Kaiser Alum misses by $0.02, misses on revs (KALU) 50.62 : Reports Q2 (Jun) earnings of $1.12 per share, $0.02 worse than the First Call consensus of $1.14; revenues rose 7.4% year/year to $413.5 mln vs the $426.7 mln consensus.

6:11AM Superior Well Services beats by $0.14, beats on revs (SWSI) 28.79 : Reports Q2 (Jun) earnings of $0.41 per share, $0.14 better than the First Call consensus of $0.27; revenues rose 41.2% year/year to $119.7 mln vs the $103 mln consensus.

6:10AM Pioneer Drilling beats by $0.09, beats on revs (PDC) 14.78 : Reports Q2 (Jun) earnings of $0.38 per share, $0.09 better than the First Call consensus of $0.29; revenues rose 34.5% year/year to $152.5 mln vs the $147 mln consensus.

6:06AM MetroPCS reports EPS in-line, revs in-line (PCS) 17.70 : Reports Q2 (Jun) earnings of $0.17 per share, excluding impairment charge, in-line with the First Call consensus of $0.17; revenues rose 23.2% year/year to $678.8 mln vs the $679.1 mln consensus. Co reports quarterly net subscriber additions of approx 184,000. Churn of 4.5% was down 30 bps y/y. For the year ending December 31, 2008, co reaffirms guidance originally provided on November 14, 2007, of net subscriber additions in the range of 1.25 mln to 1.52 mln on a consolidated basis, with 250,000 to 320,000 in the Core Markets and 1.0-1.2 mln in the Expansion Markets, which includes 75,000 to 125,000 in the Auction 66 Markets.

6:00AM Big Lots reports Q2 comparable store sales increase of 2.8% (BIG) 32.07 : Co reports Q2 retail sales for fiscal quarter ended August 2, 2008 increased 1.9% to $1,095.9 mln, compared to $1,075.4 mln for Q207. Comparable store sales for stores increased 2.8% for Q208.

5:16AM Canadian Natrl Res beats by $0.49, beats on revs (CNQ) 75.65 : Reports Q2 (Jun) earnings of $1.78 per share, excluding non-recurring items, $0.49 better than the First Call consensus of $1.29; revenues rose 62.2% year/year to $5.11 bln vs the $2.8 bln consensus.

5:09AM Portland Gen Elec beats by $0.05, beats on revs; guides FY08 EPS above consensus (POR) 23.30 : Reports Q2 (Jun) earnings of $0.63 per share, $0.05 better than the First Call consensus of $0.58; revenues rose 5.7% year/year to $425 mln vs the $419 mln consensus. Co issues upside guidance for FY08, sees EPS of $1.85-1.95 vs. $1.80 consensus.

5:08AM Medifast beats by $0.02, beats on revs (MED) 5.28 : Reports Q2 (Jun) earnings of $0.11 per share, $0.02 better than the First Call consensus of $0.09; revenues rose 25.0% year/year to $27.5 mln vs the $24 mln consensus. Management expects to be able to meet or exceed previously issued guidance for revenue growth for FY08 in the range of 8-10%; and diluted EPS growth in the range of 30-35% for the year ended December 31, 2008.

1:24AM ATP Oil & Gas misses by $0.04, misses on revs (ATPG) 27.71 : Reports Q2 (Jun) earnings of $0.86 per share, excluding non-recurring items, $0.04 worse than the First Call consensus of $0.90; revenues rose 45.1% year/year to $191.8 mln vs the $199.9 mln consensus. Oil and gas production increased 26% to 3.1 MMBoe for Q208.

12:55AM Alon USA Energy misses by $1.01, misses on revs (ALJ) 8.63 : Reports Q2 (Jun) loss of $1.27 per share, excluding non-recurring items, $1.01 worse than the First Call consensus of ($0.26); revenues rose 4.8% year/year to $1.24 bln vs the $1.8 bln consensus.

12:38AM Comp Vale Do Rio beats by $0.07, misses on revs (RIO) 26.68 : Reports Q2 (Jun) earnings of $1.02 per share, $0.07 better than the First Call consensus of $0.95; revenues rose 22.5% year/year to $10.9 bln vs the $12.14 bln consensus.

12:35AM American Railcar Industries misses by $0.08, beats on revs (ARII) 20.77 : Reports Q2 (Jun) earnings of $0.33 per share, excluding non-recurring items, $0.08 worse than the First Call consensus of $0.41; revenues fell 2.2% year/year to $204.5 mln vs the $183 mln consensus.