Briefing.com: Hourly In Play (R) – 00:00 ET
Apr 23, 2010 (Briefing.com via COMTEX) -- Hourly In Play (R)
Updated: 23-Apr-10 00:00 ET
18:32
CPSI Computer Prgms & Syst misses by $0.05, misses on revs; guides Q2 EPS above consensus, revs above consensus (40.19 -0.01)
Reports Q1 (Mar) earnings of $0.27 per share, $0.05 worse than the Thomson Reuters consensus of $0.32; revenues rose 4.7% year/year to $31.5 mln vs the $32.5 mln consensus. Co issues upside guidance for Q2, sees EPS of ~$0.36-0.38 vs. $0.35 Thomson Reuters consensus; sees Q2 revs of $35-36.5 mln vs. $33.86 mln Thomson Reuters consensus. CPSI's 12-month backlog as of March 31, 2010, was $116.3 million, consisting of $29.7 million in non-recurring system purchases and $86.6 million in recurring payments for support, Business Management Services, ASP and ISP contracts.
18:27
CRA Celera announces settlement agreement with Health Diagnostic Laboratory, Blue Wave Healthcare Consultants and former BHL Employees (7.25 -0.37)
Celera (CRA) announced that Berkeley HeartLab (BHL), a wholly-owned subsidiary of CRA, has entered into a Settlement Agreement with Health Diagnostic Laboratory, Inc. (HDL), Blue Wave Healthcare Consultants, Inc., as well as seven former BHL employees identified in litigation filed by BHL in the United States District Court for the Eastern District of Virginia. As previously announced, BHL filed this litigation and asserted a number of contractual, tort and statutory claims against the named parties, whose activities have been concentrated in the Southeast. The Settlement Agreement provides for the payment by HDL to BHL of an aggregate amount of ~$7.0 million to be made in a series of payments in 2010 and 2011, with ~$3.8 million to be paid in 2010 and the balance in 2011. The Settlement Agreement also provides for HDL to pay BHL an additional amount in 2011 based on samples HDL receives during 2010 from an agreed upon set of healthcare providers. Celera expects to record all payments from HDL as a separate line item under "legal settlements" in the periods when received and these amounts will be excluded from Celera's non-GAAP earnings.
18:22
NAV Navistar International withdraws lawsuit against California Air Resources Board (49.22 -0.12)
17:58
CVS CVS Caremark: CtW Investment Group files complaint with SEC regarding CVS Caremark insider transactions (36.83 -0.07)
The CtW Investment Group filed a letter of complaint with the Securities and Exchange Commission today, seeking an inquiry into insider transactions by CVS Caremark Corporation (CVS) Chairman and CEO Thomas Ryan and other senior executives. Citing sales between August and November 2009 of 1.5 million CVS shares, for a combined profit of $17.3 million, by Mr. Ryan and three other senior executives - Howard McClure, Executive Vice President and then-President of the pharmacy benefit management (PBM) segment, David Rickard, outgoing Chief Financial Officer, and Douglas Sgarro, Chief Legal Officer - CtW expressed concern that the sales may have been made while the executives were in possession of significant non-public information. "What concerns us about these sales is that the executives, including Chairman and CEO Tom Ryan, may have traded their shares at the same time that the Company had not fully disclosed what it knew about how its PBM segment was faring, news that caused CVS share price to plummet when it was finally disclosed to shareholders on November 5," said William Patterson, Executive Director of the CtW Investment Group. "We believe the matter warrants an inquiry by the SEC."
17:57
PVH Phillips-Van Heusen announces pricing of offering of common stock at $66.50/share (67.08 +1.44)
Co announced the pricing of its public offering of 5,000,000 shares of common stock. The shares are being offered at a purchase price of $66.50 per share. The underwriters also hold a 30-day option to purchase an additional 750,000 shares of common stock to cover over-allotments, if any. The Company intends to use the net proceeds of the offering of common stock, after deducting underwriting discounts and commissions and offering expenses, to fund a portion of the purchase price for its proposed acquisition of Tommy Hilfiger B.V. and certain affiliated companies, including related fees and expenses.
17:56
COBZ CoBiz misses by $0.05 (7.13 -0.02)
Reports Q1 (Mar) loss of $0.15 per share, $0.05 worse than the Thomson Reuters consensus of ($0.10). The allowance for loan and credit losses (Allowance) was 4.17% of total loans at March 31, 2010, and covered more than 101% of nonperforming loans (NPLs). Nonperforming assets decreased slightly during the first quarter to $100.0 million, or 4.13% of total assets, from $104.5 million or 4.24% of total assets at December 31, 2009. The net interest margin increased 16 basis points (0.16%) to 4.52% for the first quarter of 2010, from 4.36% in the fourth quarter of 2009. The net interest margin increased 14 basis points (0.14%) from 4.38% in the first quarter of 2009. Co said, "As expected, we continued to see a meaningful decrease in Provision expense, with Provision decreasing by 16% on a linked-quarter and 59% from the prior year."
17:49
BWINA Baldwin Lyons reports ceding reinsurers increased the estimates of losses associated with first quarter catastrophes (24.40 0.00)
Co announced that additional information received from its ceding reinsurers has increased the estimates of losses associated with first quarter catastrophes, principally Earthquake Maule (Chile), Windstorm Xynthia (Europe) and Windstorm Victoria (Australia). The initial aggregate loss for these events, as previously announced, was estimated to be in the range of $5.0 million to $6.5 million, net of provisions for associated reinstatement premiums and net of taxes. The updated aggregate estimate of these losses, after tax, is approximately $10.0 million. While this most recent loss estimate is based on an additional month of information available to our reinsurance partners, management cautions that the actual ultimate net impact on the Company's results arising from these catastrophes could differ from this estimate.
17:46
DDR Developers Diversified Rlty reports EPS in-line, beats on revs; lowers FY10 FFO below consensus (13.11 +0.17)
Reports Q1 (Mar) funds from operations of $0.28 per share, in-line with the Thomson Reuters consensus of $0.28; revenues fell 0.5% year/year to $206.7 mln vs the $187 mln consensus. Co lowers guidance for FY10, sees FFO of $1.00-1.05 vs. $1.08 Thomson Reuters consensus, down form $1.05-1.15. The change in guidance is entirely attributed to capital raising activities in the first quarter that were larger than expected and occurred earlier in the year than budgeted. Operational and asset sale assumptions provided in a press release on January 12, 2010 remain the same.
17:30
LTC LTC Properties reported that for Q1 of FY10, the co's results of operations will include a $852,000 provision for doubtful accounts related to this mortgage loan (28.73 +0.54)
LTC announced that on April 20, 2010, the Co received notice from a borrower that the borrower had ceased operations at a private school property in Minnesota. Prior to that notice, the borrower was current with all loan payments. The Company reported that for the first quarter of fiscal 2010, the Company's results of operations will include a $852,000 provision for doubtful accounts related to this mortgage loan. Additionally, the Company reported that this loan represented $230,000 of interest income for the remaining nine months of calendar 2010. LTC stated that it is working with Minnesota counsel to perfect a deed-in-lieu and that the Company has been contacted by at least one other party interested in the property. The Company can give no assurances that this interested party or any party will eventually buy the property or assume the debt should LTC not exercise its deed-in-lieu rights.
17:20
STM STMicroelectronics and Ericsson (ERIC) joint venture reports results (10.44 -0.05)
ST-Ericsson, a joint venture of STMicroelectronics (STM) and Ericsson (ERIC), reported financial results for the first fiscal quarter ending March 27, 2010. Co report Q1 adjusted operating loss of $114 mln; sales increased 8% y/y to $606 mln. Co expects sequential net sales approximately flat with respect to the first quarter 2010, due to the continued ongoing short-term impact of the portfolio transition. Given expected top line and based on the progression of the restructuring plans, the company does not anticipate improvements of operating result to occur until the second half of 2010.
17:18
TCO Taubman Centers misses by $0.03, beats on revs; guides FY10 FFO in-line (43.23 +0.53)
Reports Q1 (Mar) funds from operations of $0.60 per share, $0.03 worse than the Thomson Reuters consensus of $0.63; revenues fell 3.9% year/year to $151.5 mln vs the $148.4 mln consensus. Co issues in-line guidance for FY10, sees FFO of $2.55-2.75 vs. $2.64 Thomson Reuters consensus.
17:18
CXZ Crosshair Exp. & Mining reports results from Phase I of the vanadium program on the Central Mineral Belt project (0.17 -0.01)
Co announces the last set of results from Phase I of the vanadium program on the Central Mineral Belt (CMB) Project in Labrador. Phase II is set to commence in July 2010 and will consist of sampling the holes that are stored at Crosshair's Armstrong camp in central Labrador. Highlights from recently assayed holes include: 0.278% V2O5 over 43.0 metres (m) (from 24.0m to 67.0m) including 0.369% V2O5 over 10.0m (from 30.0m to 40.0m) in hole C-32, and 0.305% V2O5 over 15.5m (from 54.1m to 69.6m) including 0.450% V2O5 over 4.4m (from 63.2m to 67.6m) in hole ML-15.
17:16
FFIN First Financial beats by $0.05 (54.66 -0.01)
Reports Q1 (Mar) earnings of $0.66 per share, $0.05 better than the Thomson Reuters consensus of $0.61. Net interest income for the first quarter of 2010 increased 2.26 percent to $32.65 million compared with $31.92 million in the same quarter last year. The net interest margin, on a taxable equivalent basis, was 4.69 percent for the first quarter of 2010 compared with 4.76 percent in the same period a year ago and 4.74 percent for the quarter ended December 31, 2009. As of March 31, 2010, consolidated assets for the Company increased 7.42 percent to $3.35 billion compared with $3.12 billion a year ago.
17:15
SJM J.M. Smucker raises its quarterly dividend to $0.40 from $0.35, new annual yield equates to 2.5% (63.01 -0.04)
17:11
EMN Eastman Chem beats by $0.22, beats on revs; guides Q2 EPS above consensus; guides FY10 EPS above consensus (67.12 +0.43)
Reports Q1 (Mar) earnings of $1.37 per share, $0.22 better than the Thomson Reuters consensus of $1.15; revenues rose 38.5% year/year to $1.56 bln vs the $1.29 bln consensus. Co issues upside guidance for Q2, sees EPS of $1.50-1.60 vs. $1.19 Thomson Reuters consensus. Co issues upside guidance for FY10, sees EPS of $5.00-5.25 vs. $4.51 Thomson Reuters consensus. Co said, ""During the first quarter, there were clear signs of a global recovery in our sales volume. Looking forward, we expect to continue to benefit from improved sales volume and higher capacity utilization which results in lower unit costs. We also expect raw material and energy costs to remain volatile."
17:08
WLT Walter Energy's Board announces 25% quarterly dividend increase to $0.125/share from $0.10/share (93.48 +1.03)
17:07
GVA Granite Constr announces preliminary Q1 results below consensus (34.06 +0.40)
Co expects to report revenues for the first quarter of approximately $220 mln, a 35 percent decline from a year ago, vs $301.65 mln Thomson Reuters consensus, and a net loss in the range of approximately $40-45 mln. "Our first-quarter net loss was driven by several factors, the largest of which was a significant decline in revenue. This decline was due in part to unusually wet weather throughout the West and record-breaking snowfall in the East."
17:05
WAL Western Alliance Bancorp reports Q1 EPS of ($0.03) vs ($0.22) Thomson Reuters consensus (7.34 +0.20)
"I am delighted by our extraordinary growth in low-cost, stable deposits during the quarter and continued improvement in our key performance areas," said Robert Sarver, Chairman and Chief Executive Officer of Western Alliance. "During the quarter, we increased our margin by 33 basis points, expanded our market share with $468 million in deposit growth, improved credit quality, and made significant enhancements to our risk management structure. Although non-recurring revenue augmented our stronger fundamentals to achieve positive income during the quarter, we are well-positioned to continue to improve our performance and report core operating earnings during the year."
17:05
PDFS PDF Solutions beats by $0.03, beats on revs (4.83 +0.03)
Co reports Q1 (Mar) earnings of $0.06, ex-items, $0.03 better than the Thomson Reuters consensus of $0.03. Revenue rose 50% yr/yr and 3% sequentially to $15.3 mln vs $14.0 mln consensus.
17:03
CYS Cypress Sharpridge Investments beats by $0.01 (12.80 +0.13)
Reports Q1 (Mar) earnings of $0.56 per share, $0.01 better than the Thomson Reuters consensus of $0.55.
17:01
PFE Pfizer discontinues Phase 3 trial of Sutent in advanced hepatocellular carcinoma (16.48 -0.12)
Co announced the discontinuation of the SUN 1170 Phase 3 open-label study of Sutent (sunitinib malate) in advanced hepatocellular carcinoma (HCC), or liver cancer. Following a review by the independent Data Monitoring Committee (DMC), the study was discontinued based on a higher incidence of serious adverse events in the sunitinib arm compared to the sorafenib arm and the fact that sunitinib did not meet the criteria to demonstrate that it was either superior or non-inferior to sorafenib in the survival of patients with advanced hepatocellular cancer. No new or unexpected types of serious adverse events were observed in the SUN 1170 trial. The Company has notified SUN 1170 clinical investigators and all involved regulatory agencies of the discontinuation of SUN 1170. Investigators have been instructed to work with all of their patients in the SUN 1170 study on an individual basis to determine an appropriate course of action.
17:01
BMR BioMed Realty prices $250 mln of 6.125% senior unsecured notes due 2020 at 98.977 of face falue (18.66 +0.30)
17:00
ACUR Acura Pharma falls 3 pts to $2.90 upon resumption of trading (5.90 ) -Update-
17:00
AMLN Amylin, Lilly and Alkermes submit reply to FDA complete response letter for BYDUREON (20.54 -0.31)
Amylin Pharmaceuticals (AMLN), Eli Lilly and Company (LLY) and Alkermes (ALKS) announced that the companies have submitted their reply to a complete response letter issued last month by the FDA after review of the New Drug Application submission for BYDUREON (exenatide for extended-release injectable suspension). In accordance with its guidelines, the FDA is expected to classify the complete response as a Class 1 or Class 2 resubmission, and also provide the companies with an updated Prescription Drug User Fee Act target action date within the next two weeks. The companies' reply addresses requests from the FDA primarily related to finalization of the product labeling with accompanying Risk Evaluation and Mitigation Strategy and clarification of existing manufacturing processes.
16:58
JVA Coffee Holding to acquire organic products trading company (4.87 -0.03)
Co announced that the Company and Coffee Holding Acquisition LLC, a wholly-owned subsidiary of the Company, entered into an Asset Purchase Agreement with Organic Products Trading Company, a Washington corporation. Seller generates annual revenues of approximately $10.0 million. Under the Asset Purchase Agreement, Buyer will purchase the Assets for a purchase price consisting of: a) $450,000 in cash at closing, b) an additional $50,000 in cash if Buyer generates a pre-tax net profit of $300,000 or more within a certain period, which payment will be made on or before June 15, 2011, c) 50,000 shares of Company common stock at closing, d) up to an additional 10,000 shares of Company common stock if Buyer generates a pre-tax net profit of $300,000 or more within certain periods, which payments of up to 5,000 shares each will be made on June 15, 2011 and June 15, 2012, and e) at closing, a cash amount based on the cost of inventory transferred to Buyer.
16:55
BA Boeing confirms that the 787 Dreamliner has begun a series of extreme-weather tests at Valparaiso, Florida (75.59 +1.53) -Update-
16:53
Moody's upgrades the Dominican Republic's government bond rating to B1
16:48
CSTR Coinstar unit Redbox announces distributuion agreement with Twentieth Century Fox & Universal Studios (35.88 +0.41)
Co announced a multi-year distribution agreement that will make DVD and Blu-ray titles from Twentieth Century Fox available for rental at redbox locations following a 28-day window from the home entertainment street date for new Blu-ray and DVD film releases. The agreement also ends the legal dispute between redbox and Fox. Co and Universal Studios have reached a long-term distribution agreement that will make Universal DVD and Blu-ray titles available for rental at redbox locations 28 days after release. The agreement ends the legal dispute between redbox and Universal.
16:47
NWK Network Equipment Technologies promotes David Wagenseller to chief financial officer (5.79 +0.23)
Co announced today that David Wagenseller has been promoted to chief financial officer of the company. Mr. Wagenseller has been the company's acting chief financial officer since November 10, 2009.
16:46
SPH Suburban Propane declares increase in quarterly distribution rate to $0.84/share from $0.835/share (48.73 +0.08)
16:46
LAMR Lamar Advertising announces early settlement of tender offer and consent solicitation for outstanding 7 1/4% Senior Subordinated Notes due 2013 (38.18 +0.13) -Update-
16:45
XCO Exco Resources comments on well control event (19.24 +0.12)
Co commented on a well control event in Caddo Parish, Louisiana. EXCO encountered an unexpected gas flow in a well being drilled on April 18, 2010 at a depth of 1,533 feet, and control of the well was established with standard contingency measures. No injuries or damage to drilling equipment occurred. The source of the unexpected gas flow is under evaluation, and plugging and abandonment procedures are underway.
16:45
AEIS Advanced Energy reports EPS in-line, revs in-line; guides Q2 EPS above consensus, revs above consensus (17.43 +0.91)
Reports Q1 (Mar) earnings of $0.15 per share, in-line with the Thomson Reuters consensus of $0.15; revenues rose 22.9% year/year to $81.6 mln vs the $81.1 mln consensus. Co issues upside guidance for Q2, sees EPS of $0.21-0.31 vs. $0.18 Thomson Reuters consensus; sees Q2 revs of $92-102 mln vs. $91.31 mln Thomson Reuters consensus.
16:43
CBT Cabot Named was named in an environmental lawsuit filed by residents in Gainesville, Florida, co will defend itself vigorously (32.30 +0.72)
Co was named in an environmental lawsuit filed by residents in Gainesville, Florida. The lawsuit also names Koppers Inc. and Beazer East, Inc. In the past, Cabot operated a business in Gainesville, Florida but ceased operations in 1966. Since 1985, Cabot has worked cooperatively with the federal, state and local regulatory authorities to satisfy Cabot's environmental responsibilities. That work included installation and operation of a multi-million dollar groundwater remediation system that was approved by the U.S. Environmental Protection Agency. Cabot is fully committed to being a responsible neighbor in the communities where it operates. As to the specifics of the litigation filed earlier this week, Cabot will respond in due course and will defend itself vigorously
16:43
MGEE MGE Energy unit filed to increase electric and natural gas rates for 2011 with the Public Service Commission of Wisconsin (36.58 +0.07)
16:42
PCG PG&E unit to launch solar energy initiative (43.26 +0.12)
Pacific Gas and Electric Company (PG&E) said it plans to begin implementing a major new solar photovoltaic program, which the California Public Utilities Commission approved today. The program, once complete, will generate up to 500 megawatts of clean energy, enough to meet the needs of about 150,000 homes in PG&E's Northern and Central California service area.
16:42
SGS Stream Global Services to hire nearly 500 people for its Beaverton, Oregon site (6.85 +0.03)
16:41
BCR C.R. Bard beats by $0.01, reports revs in-line (85.32 -1.57)
Reports Q1 (Mar) earnings of $1.25 per share, $0.01 better than the Thomson Reuters consensus of $1.24; revenues rose 9.2% year/year to $650.8 mln vs the $648 mln consensus.
16:40
IGT Intl Game Tech reports EPS in-line, misses on revs (19.60 +0.15)
Reports Q2 (Mar) earnings of $0.20 per share, excluding non-recurring items, in-line with the Thomson Reuters consensus of $0.20; revenues rose 4.6% year/year to $497.7 mln vs the $511.8 mln consensus.
16:40
SPAR Spartan Motors and Utilimaster announce strategic alliance with Isuzu Commercial Truck of America (6.47 +0.18)
Co. announced a strategic alliance with Isuzu Commercial Truck of America. In addition, Spartan's subsidiary Utilimaster Corporation and Isuzu have agreed to develop a next-generation commercial van, utilizing an Isuzu fuel-efficient diesel powertrain.
16:35
ACTG Acacia Research resumes trading (11.55 +0.21) -Update-
16:32
AFFY Affymax instituted a quiet period to curtail discussions in connection with the analysis of Phase 3 results for Hematide (24.24 -0.32)
Co announced that it has instituted a quiet period to curtail discussions with the investor community and the media in connection with the analysis of Phase 3 results for the investigational drug, Hematide, in four clinical trials (PEARL 1, PEARL 2, EMERALD 1 and EMERALD 2) which evaluated Hematide for the treatment of anemia in chronic renal failure patients.
16:31
PLUS ePlus appoints Mark Marron Chief Operating Officer (17.90 +0.04)
16:31
ASR Grupo Aeroportuario Del Sureste reports Q1 results (55.39 +0.29)
For the first quarter of 2010, total passenger traffic declined year-over-year by 3.63%. International passenger traffic declined by 3.52% while domestic passenger traffic declined by 3.86%. The 3.52% decline in international passenger traffic resulted mainly from a decline of 4.03% in international traffic at the Cancun airport. The 3.86% decline in domestic passenger traffic resulted mainly from declines of 35.09% 23.19%, 19.93%, 11.77% and 12.61% in domestic traffic at the Cozumel, Oaxaca, Tapachula, Veracruz and Villahermosa airports, respectively. Net income for 1Q10 increased 9.87% to Ps.375.46 million from Ps.341.73 million in 1Q09. Earnings per common share for the quarter were Ps.1.2515, or earnings per ADS (EPADS) of US$1.0150 (one ADS represents ten series B common shares). This compares with earnings per share of Ps.1.1391, or EPADS of US$0.9238, for the same period last year.
16:31
DOX Amdocs announces $700 million share repurchase program authorized (31.19 +0.20) -Update-
16:31
LAMR Lamar Advertising announces issuance of $400 mln of 7 7/8% senior subordinated notes due 2018 (38.18 +0.11)
16:29
LOCM Local.com beats by $0.03, beats on revs; guides Q2 EPS and revs above consensus; guides FY10 revs above consensus (7.25 -0.06)
Reports Q1 (Mar) earnings of $0.16 per share, excluding non-recurring items, $0.03 better than the Thomson Reuters consensus of $0.13; revenues rose 68.4% year/year and 14% sequentially to $18.6 mln vs the $17.4 mln consensus. Co issues upside guidance for Q2, sees EPS of $0.16-0.17, excluding non-recurring items, vs. $0.13 Thomson Reuters consensus; sees Q2 revs of $20-21 mln vs. $18.0 mln Thomson Reuters consensus. Co issues upside guidance for FY10, sees FY10 revs of $81-84 mln vs. $74.5 mln Thomson Reuters consensus.
16:28
ASBC Assoc Banc-Corp misses by $0.01 (16.10 +0.47)
Reports Q1 (Mar) ($0.20), $0.01 worse than the First Call consensus of ($0.19). At March 31, 2010, the Co's Tier 1 capital to total average assets ratio was 10.57% and total capital to risk-weighted assets ratio was 18.15%. Provision for loan losses of $165.3 million, with net charge offs of $163.3 million.
16:28
BCO Brinks acquires cash logistics business in Russia (28.40 +0.19)
Co announced that it has acquired a majority stake in a Russian cash processing business that complements the company's acquisition of a CIT business in the first quarter of 2009. With principal operations in Moscow, Brink's now has approximately 500 employees in Russia and offers a full range of CIT, ATM, money processing and Global Services operations for domestic and international markets.
16:28
CYMI Cymer beats by $0.07, beats on revs; guides Q2 revs in-line (39.69 +0.73)
Reports Q1 (Mar) earnings of $0.53 per share, $0.07 better than the Thomson Reuters consensus of $0.46; revenues rose 101.4% year/year to $113.8 mln vs the $106.3 mln consensus. Co issues in-line guidance for Q2, sees Q2 revs of $115-120 mln vs. $120.01 mln Thomson Reuters consensus. "For Cymer, 2010 represents a year of growth and continued investment in promising new light source and display manufacturing technologies. We anticipate that ArF immersion will continue to represent the majority of our second quarter light source shipments and we expect to ship several KrF sources. We also anticipate that Installed Base Products revenue will increase driven by installed base growth, higher pulse utilization, and a more favorable mix of ArF immersion pulses. We believe our investment in EUV commercialization and TCZ market penetration positions us strategically for future growth and market leadership."
16:27
VICR Vicor reports Q1 EPS of $0.05, revs rose 2.6% YoY to $51.7 mln - no ests (14.96 )
"Our brick components business grew sequentially, with particular strength in its configurable product lines. V-I Chip revenue for the first quarter grew 99% sequentially, while bookings grew at a faster pace as a large customer placed initial production orders for new programs. V-I Chip also received initial orders from other early adopters of Factorized Power. With increased volume, we expect to achieve improvement in product-level profitability, although we do not expect to reach our efficiency and margin targets in 2010. "
16:26
OPLK Oplink Comms beats by $0.01, beats on revs; guides Q4 EPS in-line, revs above consensus (19.36 -0.04)
Reports Q3 (Mar) earnings of $0.22 per share, $0.01 better than the Thomson Reuters consensus of $0.21; revenues rose 9.1% year/year to $33.6 mln vs the $32.8 mln consensus. Co issues mixed guidance for Q4, sees EPS of $0.16-0.22 vs. $0.22 Thomson Reuters consensus; sees Q4 revs of $35-38 mln vs. $34.29 mln Thomson Reuters consensus.
16:25
ACUR Acura Pharma and King Pharmaceuticals provide update on FDA Advisory Committee meeting for Acurox; Committees voted that they do not have enough evidence to support the approval of the NDA Acurox (5.90 ) -Update-
ACUR and King Pharmaceuticals (KG) announced that the FDA Anesthetic and Life Support Drugs and Drug Safety and Risk Management Committees voted that they do not have enough evidence to support the approval of the New Drug Application for Acurox Tablets for the treatment of moderate to severe pain, considering the deterrent effects of niacin as well as the potential deterrent effects of the other features specific to Acurox. The addition of niacin to Acurox was central to the deliberations. The FDA is not bound by the Advisory Committees' recommendation, but may take its advice into consideration when evaluating the NDA for Acurox Tablets. Acura and King will work with the FDA to determine the next steps for the Acurox development program. (ACUR has been halted all day)
16:24
ARTNA Artesian Resrces announces increase annual dividend ammount to $0.7528/share from $0.7492/share (18.14 0.00)
16:24
MATW Matthew's beats by $0.03, reports revs in-line (35.24 -0.93)
Reports Q2 (Mar) earnings of $0.53 per share, $0.03 better than the Thomson Reuters consensus of $0.50; revenues rose 1.8% year/year to $200.9 mln vs the $199.3 mln consensus. Co issues guidance for FY10, sees FY10 revs of at least the equivalent of 2009, which was $780.9 mln versus the $806.15 mln Thomson Reuters consensus.
16:23
AJG Arthur J. Gallagher beats by $0.04, beats on revs (26.31 +0.55)
Reports Q1 (Mar) earnings of $0.28 per share, $0.04 better than the Thomson Reuters consensus of $0.24; revenues rose 20.3% year/year to $482.4 mln vs the $403.3 mln consensus. "Despite a continued soft insurance pricing market and the impact of the economic downturn, I am pleased that our operations held our adjusted EBITDAC margins in these trying times," said J. Patrick Gallagher Jr., Chairman, President and CEO. "Our team did an excellent job of pursuing supplemental commissions and continued to hold the expense line - both of which helped offset declining organic revenues. I'm also encouraged by the increased M&A deal flow that we're seeing, which we expect will contribute positively to our results later in the year and into 2011. In these difficult times, the Gallagher team is doing tremendous work to provide highly professional advice to our clients around the world."
16:23
INPH Interphase reports Q1 results (2.67 -0.03)
Co reports Q1 (Mar) loss of $0.34 per share vs an $0.11 profit a year ago. Revenue fell 55% yr/yr to $3.8 mln. There are no analyst estimates.
16:22
WDC Correction: Western Digital beats by $0.16, beats on revs (40.68 +0.39) -Update-
In our 16:17 we incorrectly reported that WDC missed on revs. The company actually beat on revs. WDC reported Q3 (Mar) earnings of $1.71 per share, $0.16 better than the Thomson Reuters consensus of $1.55; revenues rose 65.9% year/year to $2.64 bln vs the $2.54 bln consensus. "With market demand stronger than anticipated in the March quarter, our large-scale vertical integration, agile business model and product breadth allowed us to respond to this upside opportunity and again grow our share of the overall hard drive market. We believe that 2010 will continue to be a strong year for digital storage... We will maintain our focus on facilitating our customers' growth and making them successful while at the same time achieving sustained profitability for WD."
16:21
SYNA Synaptics beats by $0.05, beats on revs; guides Q4 revs above consensus (30.50 +0.45)
Reports Q3 (Mar) earnings of $0.46 per share, excluding non-recurring items, $0.05 better than the Thomson Reuters consensus of $0.41; revenues rose 15.5% year/year to $116.2 mln vs the $112.9 mln consensus. PC revenue of $72.9 million represented 63% of total revenue for the quarter and increased 44% from the comparable period last year. Co issues upside guidance for Q4, sees Q4 revs of $136-146 mln vs. $129.75 mln Thomson Reuters consensus.
16:19
RRR RSC Holdings misses by $0.07, beats on revs; guides Q2 revs in-line (8.92 +0.87)
Reports Q1 (Mar) loss of $0.37 per share, $0.07 worse than the Thomson Reuters consensus of ($0.30); revenues fell 25.8% year/year to $260.7 mln vs the $257.4 mln consensus. Co issues in-line guidance for Q2, sees Q2 revs of $285-300 mln vs. $289.2 mln Thomson Reuters consensus. Co says business activity in its served markets was down on a year-over-year basis in Q1, while declines on a sequential basis appear to be moderating. Industry wide fleet levels exceed demand and as a result rental rates will continue to be under pressure.
16:18
MSFT Microsoft beats by $0.03, reports revs in-line; lowers expense guidance (31.39 +0.05)
Reports Q3 (Mar) earnings of $0.45 per share, $0.03 better than the Thomson Reuters consensus of $0.42; revenues rose 6.2% year/year to $14.5 bln vs the $14.39 bln consensus. Microsoft reports Q3 gross margins of 81.0% vs Street est of 78.9%. Microsoft offers operating expense guidance of $26.1-26.3 billion for the full year ending June 30, 2010; prior guidance was for expenses of $26.2-26.5 bln. The results include the deferral of $305 million of revenue relating to the Microsoft Office 2010 Technology Guarantee program. Adjusting for the revenue deferral, third-quarter revenue totaled $14.81 billion, an increase of 8% over the prior year period. "Windows 7 continues to be a growth engine, but we also saw strong growth in other areas like Bing search, Xbox LIVE and our emerging cloud services... Our record third-quarter revenue along with continued rigor on cost management resulted in exceptional EPS growth... Business customers are beginning to refresh their desktops and the momentum of Windows 7 continues to be strong," said Kevin Turner, chief operating officer... We are also seeing tremendous interest in our market-leading cloud services for business."
16:18
CAKE Cheesecake Factory beats by $0.05, beats on revs (30.46 +1.43)
Reports Q1 (Mar) earnings of $0.31 per share, $0.05 better than the Thomson Reuters consensus of $0.26; revenues rose 3.2% year/year to $405.4 mln vs the $399.6 mln consensus.
16:17
GLBL Global Industries names C. Andrew Smith as Chief Financial Officer (7.07 +0.17)
16:16
NCR NCR Corp misses by $0.04, misses on revs; guides FY10 EPS in-line (15.93 +0.61)
Reports Q1 (Mar) loss of $0.12 per share including pensions expense which has been included in the past, $0.04 worse than the Thomson Reuters consensus of ($0.08). Co lowers guidance for FY10, sees EPS of $0.39-0.49 down from $0.41-0.51 vs. $0.48 Thomson Reuters consensus. Co also reaffirmed 2010 YoY constant currency rev growth of 2-5%.
16:16
AXP American Express beats by $0.09, beats on revs (46.77 +0.78)
Reports Q1 (Mar) earnings of $0.73 per share, $0.09 better than the Thomson Reuters consensus of $0.64; revenues rose 11.5% year/year to $6.61 bln vs the $6.34 bln consensus. Co's return on average equity (ROE) was 18.0%, up from 16.3% a year ago. Provisions for losses totaled $687 million, down 50 percent from $1.4 billion in the year-ago period. The decline reflected continued improvement in credit quality on the overall portfolio. Total expenses increased 25 percent. Marketing, promotion, rewar cardmember services expenses increased 46 percent from the year-ago period, driven by higher rewards costs and increased investment spending on marketing initiatives. Salaries and employee benefits and other operating expenses increased 2 percent from the year-ago quarter.
16:16
EPAY Bottomline Tech beats by $0.01, beats on revs (19.43 -0.36)
Reports Q3 (Mar) earnings of $0.24 per share, excluding non-recurring items, $0.01 better than the Thomson Reuters consensus of $0.23; revenues rose 19.5% year/year to $39.8 mln vs the $38.8 mln consensus.
16:14
MCRL Micrel beats by $0.03, beats on revs; guides Q2 EPS above consensus, revs above consensus (12.31 +0.55)
Reports Q1 (Mar) earnings of $0.17 per share, $0.03 better than the Thomson Reuters consensus of $0.14; revenues rose 43.0% year/year to $67.2 mln vs the $64.7 mln consensus. Co issues upside guidance for Q2, sees EPS of $0.19-0.21 vs. $0.14 Thomson Reuters consensus; sees Q2 revs up 12-15% sequentially to $75-77 mln vs. $66.85 mln Thomson Reuters consensus.
16:13
FTI FMC Tech signs multi-year frame agreement with BG Norge (68.08 +1.17)
Co announced that it has signed a multi-year frame agreement with BG Norge, a subsidiary of BG Group, to provide subsea systems for offshore projects. The five-year contract includes provisions for two additional five-year extensions. The agreement also includes an immediate call-off to perform a detailed engineering study related to equipment and services to support the Jordbaer field, located in the Norwegian North Sea.
16:13
OSIP OSI Pharm reports Q1 (Mar) results, misses on revs (58.66 -0.79)
Reports Q1 (Mar) earnings of $0.63 per share, excludes items and may not be comparable to the Thomson Reuters consensus of $0.33; revenues rose 13.4% year/year to $106.6 mln vs the $115 mln consensus. OSI Pharm reports Q1 Tarceva sales of $308 mln vs. $325 Thomson Reuters Consensus. Royalties on product licenses of $40 million for the first quarter of 2010 compared to $34 million in the first quarter of 2009 from Roche - for sales of Tarceva.
16:11
HA Hawaiian Airlines, Inc. misses by $0.06, reports revs in-line (7.38 -0.02)
Reports Q1 (Mar) net of breakeven, $0.06 worse than the Thomson Reuters consensus of $0.06; revenues rose 3.4% year/year to $298.4 mln vs the $296.5 mln consensus. "Despite substantially higher fuel costs and inflationary pressures on other cost lines, Hawaiian managed to break even in what is customarily the weakest quarter of the year," commented Mark Dunkerley, the Company's president and chief executive officer. "Demand is strengthening albeit at a rate less than is being experienced in other regions, and we have measures in hand to reduce the rate of our non-fuel related cost increases which will help improve our results heading into the Summer season.
16:11
WPZ Williams Partners raises per-unit cash distribution to $0.6575/share from $0.635/share (41.50 0.00)
16:10
JJSF J&J Snack Foods beats by $0.02, reports revs in-line (47.17 +0.29)
Reports Q2 (Mar) earnings of $0.48 per share, $0.02 better than the Thomson Reuters consensus of $0.46; revenues rose 5.4% year/year to $157.4 mln vs the $158.1 mln consensus. "Strong performances by our food service and retail supermarket groups contributed to our record quarter. Our management team continues to strengthen and our innovation efforts are being increased. Despite the current challenges in the economy, we are optimistic for the future."
16:10
HITT Hittite Microwave beats by $0.06, beats on revs; guides Q2 EPS above consensus, revs above consensus (46.69 +0.69)
Reports Q1 (Mar) earnings of $0.54 per share, $0.06 better than the Thomson Reuters consensus of $0.48; revenues rose 41.9% year/year to $54.2 mln vs the $51.3 mln consensus. Co issues upside guidance for Q2, sees EPS of $0.57-0.60 vs. $0.47 Thomson Reuters consensus; sees Q2 revs of $58-60 mln vs. $51.10 mln Thomson Reuters consensus. "Q1 was a solid start to the year," said Stephen Daly, Chairman and CEO. "In addition to our strong financial results, we launched 32 new and innovative products including one new product line. These and our other recently introduced new products will help us to build on our competitive advantage in the markets we serve."
16:10
GDI Gardner Denver beats by $0.10, reports revs in-line; guides Q2 EPS in-line; guides FY10 EPS in-line (48.57 +0.77)
Reports Q1 (Mar) earnings of $0.62 per share, excluding profit improvement initiatives, $0.10 better than the Thomson Reuters consensus of $0.52; revenues fell 8.7% year/year to $422.2 mln vs the $422.5 mln consensus. Co issues in-line guidance for Q2, sees EPS of $0.60-0.64 vs. $0.62 Thomson Reuters consensus. Co issues in-line guidance for FY10, sees EPS of $2.75-2.85 vs. $2.61 Thomson Reuters consensus.
16:10
UFPI Universal Forest announced that it is expanding its distribution business in the manufactured housing and recreational vehicle markets (44.48 +2.21)
Co announced that it is expanding its distribution business in the manufactured housing and recreational vehicle markets with the planned addition of Shepherd Distribution Co. to its subsidiary, UFP Distribution, LLC. UFP Distribution expects to close within the next two weeks on the purchase of the assets of the Elkhart, Indiana-based firm, which distributes shingle underlayment, bottom board, house wrap, siding, poly film and other products to manufactured housing and RV customers. Shepherd Distribution has a history of more than 40 years of distribution to the manufactured housing and RV markets. In the last twelve months, it had sales of more than $12
16:10
COLM Columbia Sportswear beats by $0.06, beats on revs; guides FY10 revs above consensus; Fall 2010 order backlog shows 19% increase (59.13 +1.20)
Reports Q1 (Mar) earnings of $0.27 per share, $0.06 better than the Thomson Reuters consensus of $0.21; revenues rose 10.4% year/year to $300.4 mln vs the $285 mln consensus. Co issues upside guidance for FY10, sees FY10 revs growth of 12-14%, which calculates to ~$1.39-1.42 bln vs. $1.31 bln Thomson Reuters consensus. Co expects to generate operating margin of ~7%. 2010 gross margins are expected to increase approximately 100 basis points compared to 2009 gross margins of 42.1 percent, due to a higher proportion of full price sales in our wholesale business, an increased proportion of direct-to-consumer sales, and more favorable foreign currency hedge rates, partially offset by a higher proportion of sales to international distributors and increased costs to expedite production and delivery to customers of the greater-than-planned Fall orders.
16:09
PMCS PMC-Sierra beats by $0.02, beats on revs (9.47 +0.08)
Reports Q1 (Mar) earnings of $0.19 per share, $0.02 better than the Thomson Reuters consensus of $0.17; revenues rose 48.9% year/year to $152.8 mln vs the $149.9 mln consensus. "In the first quarter of 2010, we experienced improving demand in our Wide Area Network Infrastructure business and saw the continuation of healthy demand in our Enterprise Storage business as global IT spending improves year over year. Revenue in the first quarter of 2010 was 9% above our previous quarterly revenue peak in the second quarter of 2008, while non-GAAP net income was 46% above the second quarter of 2008."
16:09
MSCC Microsemi reports EPS in-line, beats on revs; guides Q3 EPS in-line, revs above consensus (17.88 +0.68)
Reports Q2 (Mar) earnings of $0.26 per share, in-line with the Thomson Reuters consensus of $0.26; revenues rose 4.8% year/year to $118.2 mln vs the $116.5 mln consensus. Co issues mixed guidance for Q3, sees EPS of $0.28-0.30 vs. $0.29 Thomson Reuters consensus; sees Q3 revs up 3-5% sequntially, equates to $121.7-124.1 mln vs. $120.35 mln Thomson Reuters consensus. "We are extremely pleased with our second quarter results. As anticipated, we had increases in net sales for all of our end markets accompanied by notable improvements in our gross, operating and net margins. These results, along with an incremental operating cash flow of $28.8 million, continue to demonstrate rock-solid execution in delivering to our shareholders consistently profitable results."
16:08
COF Capital One beats by $0.82, beats on revs (45.55 +0.81)
Reports Q1 (Mar) earnings of $1.40 per share, $0.82 better than the Thomson Reuters consensus of $0.58. "We've demonstrated our resilience through the most challenging economic cycle we've seen in generations, and we believe that charge-offs in our consumer lending businesses likely peaked in the first quarter," said Richard D. Fairbank, Capital One's Chairman and Chief Executive Officer. "While legislative and regulatory uncertainty remains, we believe that we are well-positioned to ramp up our businesses as we emerge from the recession, and to deliver strong and sustainable returns over the long term."
16:08
DECK Deckers Outdoor beats by $0.46, beats on revs (143.65 +7.08)
Reports Q1 (Mar) earnings of $1.37 per share, $0.46 better than the Thomson Reuters consensus of $0.91; revenues rose 16.2% year/year to $155.9 mln vs the $145.3 mln consensus. DECK reports Q1 gross margin of 50.0% vs 45.50% consensus; reported 49.84% last qtr and 43.89% a year ago; guided for Q1 gross margin to improve y/y. UGG brand sales increased 14.2% to $104.4 million versus $91.4 million last year. Deckers Outdoor sees Q2 EPS flat vs 15.5% consensus; revs growth of ~25% vs 12.1% consensus. Deckers Outdoor sees FY10 EPS growth of ~11%, prior guidance of ~5%, vs 6.2% consensus; revs growth of ~13%, prior guidance of ~11%, vs 10.3% consensus.
16:07
ARG Airgas announces pricing actions effective June 1, 2010 (63.45 -0.20)
Co announced that beginning June 1, 2010, or as contracts permit, its operating units will increase prices on bulk and packaged gases, and other products and services. Prices will increase, on average, as follows: -- 6 - 9% for all bulk and packaged industrial, medical, and specialty gases -- 5 - 10% for cylinder and bulk tank rental rates -- 3 - 6% for welding hardgoods and safety products
16:07
DV DeVry beats by $0.07, beats on revs (74.25 +1.42)
Reports Q3 (Mar) earnings of $1.12 per share, $0.07 better than the Thomson Reuters consensus of $1.05; revenues rose 28.7% year/year to $504.4 mln vs the $493.3 mln consensus. "We will continue to invest in our programs, services and infrastructure to help our students succeed... We continued to achieve favorable enrollment trends during this quarter, as students were attracted by the value proposition of our educational offerings, which includes high quality programs and services and a strong track record of academic outcomes for students... We remain committed to investing in quality and providing the access and capacity needed to educate our country's workforce to compete in the midst of a tough economy." DeVry University continued to report strong undergraduate enrollment growth, with new enrollments in the spring increasing 24.0% to 17,715 students, compared with 14,288 last year. Total student enrollment increased 25.6% to 66,909 students, compared with 53,259 in spring 2009. For the January 2010 session, graduate coursetakers enrolled in master's degree programs at DeVry University and its Keller Graduate School of Management rose to 22,679, an increase of 16.5% over January 2009. For the March 2010 session, the number of graduate coursetakers was 22,343, an increase of 15.4 percent over prior year. The total number of online undergraduate and graduate coursetakers in the March 2010 session increased 21.5 percent to 67,744 versus 55,745 in the same session a year ago.
16:07
RVBD Riverbed Technology beats by $0.02, beats on revs (29.06 +0.33)
Reports Q1 (Mar) earnings of $0.20 per share, excluding non-recurring items, $0.02 better than the Thomson Reuters consensus of $0.18; revenues rose 27.4% year/year to $112.4 mln vs the $109.1 mln consensus.
16:07
SCSC ScanSource beats by $0.03, misses on revs; guides Q4 revs in-line (11.18 +1.86)
Reports Q3 (Mar) earnings of $0.45 per share, $0.03 better than the Thomson Reuters consensus of $0.42; revenues rose 27.3% year/year to $496.1 mln vs the $505.7 mln consensus. Co issues in-line guidance for Q4, sees Q4 revs of $530-$550 mln vs. $546.55 mln Thomson Reuters consensus.
16:06
AMZN Amazon.com beats by $0.05, beats on revs; guides Q2 revs in-line (150.09 +3.66)
Reports Q1 (Mar) earnings of $0.66 per share, $0.05 better than the Thomson Reuters consensus of $0.61; revenues rose 45.9% year/year to $7.13 bln vs the $6.87 bln consensus. Co issues in-line guidance for Q2, sees Q2 revs of $6.1-6.7 bln vs. $6.43 bln Thomson Reuters consensus. Co sees Q2 operating income of $220-320 mln vs $327.78 mln street consensus. "Kindle remains our #1 bestselling product, and earlier this week, Kindle selection reached 500,000 titles."
16:06
BJRI BJ Restaurants beats by $0.01, beats on revs (27.12 +0.37)
Reports Q1 (Mar) earnings of $0.16 per share, $0.01 better than the Thomson Reuters consensus of $0.15; revenues rose 18.8% year/year to $121.7 mln vs the $115.8 mln consensus.
16:05
SD SandRidge Energy announces extension of credit facility (7.40 +0.09)
Co announced that it has extended the maturity of its credit facility as part of the Company's 2010 financial plan. The amendment and restatement of the $1.75 billion senior credit facility extends the maturity date to April 15, 2014 from November 21, 2011 and affirms the borrowing base at $850 million.
16:05
BXS BancorpSouth misses by $0.10 (23.25 +0.30)
Reports Q1 (Mar) earnings of $0.10 per share, $0.10 worse than the Thomson Reuters consensus of $0.20. "Based on our first quarter performance, we remain confident of the Company's ability to cope effectively with the current environment. Although we continue to see scattered indicators of economic stabilization and growth, we remain appropriately cautious about the prospects for a sustained economic recovery in 2010. Recognizing that our recent geographic expansion into attractive new markets has provided much of our new loan production, we intend to continue pursuing careful de novo expansion in attractive and familiar markets within or contiguous to our existing geographic footprint. We will also continue to evaluate industry consolidation opportunities that meet our strategic objectives, which include being accretive to our financial results."
16:05
INFA Informatica beats by $0.01, beats on revs (27.61 +0.09)
Reports Q1 (Mar) earnings of $0.21 per share, $0.01 better than the Thomson Reuters consensus of $0.20; revenues rose 23.8% year/year to $135.1 mln vs the $131 mln consensus.
16:05
EZPW EZCORP beats by $0.05, beats on revs; guides Q3 and FY10 EPS above consensus (23.04 +0.38)
Reports Q2 (Mar) earnings of $0.48 per share, $0.05 better than the Thomson Reuters consensus of $0.43; revenues rose 13.0% year/year to $176.6 mln vs the $174.7 mln consensus. Co issues upside guidance for Q3 (Jun), sees EPS of approximately $0.39 vs. $0.38 Thomson Reuters consensus. Co issues upside guidance for FY10, sees EPS of approximately $1.91 vs. $1.83 Thomson Reuters consensus.
16:05
CB Chubb beats by $0.19, beats on revs (52.31 -0.03)
Reports Q1 (Mar) earnings of $1.14 per share, $0.19 better than the Thomson Reuters consensus of $0.95; revenues rose 0.8% year/year to $2.77 bln vs the $2.67 bln consensus.
16:04
LVB Steinway Musical announces change in auditors (19.80 +0.45)
<p>Co announced that Marcum LLP will serve as the Company's independent registered public accounting firm, replacing the Company's previous independent registered public accounting firm, UHY. The Board of Directors of the Company had selected UHY to serve as the Company's independent registered public accounting firm for fiscal 2010. However, on April 19, 2010 UHY informed the Company that effective April 16, 2010, its New England practice had been acquired by Marcum. As a result of this transaction, UHY declined reappointment as the Company's independent registered public accounting firm for fiscal 2010 and the Company's Audit Committee appointed Marcum as the successor independent registered public accounting firm on April 19, 2010.
16:04
DOX Amdocs beats by $0.01, reports revs in-line; guides Q3 EPS in-line, revs in-line (31.19 +0.20)
Reports Q2 (Mar) earnings of $0.56 per share, excluding non-recurring items, $0.01 better than the Thomson Reuters consensus of $0.55; revenues rose 4.6% year/year to $744 mln vs the $741.4 mln consensus. Co issues in-line guidance for Q3, sees EPS of $0.55-0.58, excluding non-recurring items, vs. $0.56 Thomson Reuters consensus; sees Q3 revs of $750-765 mln vs. $752.87 mln Thomson Reuters consensus.
16:04
FII Fed Investors misses by $0.05, misses on revs (26.43 -0.19)
Reports Q1 (Mar) earnings of $0.38 per share, $0.05 worse than the Thomson Reuters consensus of $0.43; revenues fell 25.1% year/year to $233 mln vs the $257.1 mln consensus. Q1 2010 EPS reflects a $0.04 reduction due to the application of the two-class method of computing EPS in connection with the Q1 2010 dividend including the previously announced special dividend.
16:03
WBCO Washington Banking Co. increases quarterly dividend to $0.03 from $0.025 (14.52 +0.48)
Co announced that its board of directors declared a regular cash dividend of $0.03 per common share. The dividend increased from $0.025 the previous quarter, and it is payable May 19 to common shareholders of record on May 4, 2010.
16:03
DGII Digi Intl reports EPS in-line, beats on revs; guides Q3 EPS in-line, revs in-line; guides FY10 EPS in-line, revs in-line (11.14 +0.05)
Reports Q2 (Mar) earnings of $0.06 per share, excluding non-recurring items, in-line with the Thomson Reuters consensus of $0.06; revenues rose 12.5% year/year to $45.1 mln vs the $44.5 mln consensus. Co issues in-line guidance for Q3, sees EPS of $0.07-0.11 vs. $0.08 Thomson Reuters consensus; sees Q3 revs of $44-48 mln vs. $46.57 mln Thomson Reuters consensus. Co issues in-line guidance for FY10, sees EPS of $0.21-0.42 vs. $0.28 Thomson Reuters consensus; sees FY10 revs of $174-190 mln vs. $182.29 mln Thomson Reuters consensus.
16:02
HOT Starwood Hotels and Resorts Worldwide, Inc. Enters into New Credit Agreement with a $1.5 Billion Revolving Loan Commitment (53.72 +3.67) -Update-
Co announced that it has closed a new $1.5 bln senior credit facility. 2010. The new facility matures on November 15, 2013 and replaces the existing $1.875 billion revolving credit agreement which would have matured on February 11, 2011. The new facility enhances the co's financial flexibility and is expected to be used for general corporate purposes.
16:02
RCKY Rocky Brands beats by $0.09, beats on revs (10.34 +0.14)
Reports Q1 (Mar) loss of $0.10 per share, $0.09 better than the Thomson Reuters consensus of ($0.19); revenues rose 12.0% year/year to $56.1 mln vs the $51.3 mln consensus.
16:02
LSCC Lattice Semi beats by $0.03, beats on revs (4.55 +0.26)
Reports Q1 (Mar) earnings of $0.10 per share, $0.03 better than the Thomson Reuters consensus of $0.07; revenues rose 27.8% year/year to $70.4 mln vs the $67.5 mln consensus. "While we are pleased to see the progress and results of our efforts, our focus remains the same. If anything, we will continue to be aggressive in pursuit of growth opportunities, improved operational efficiencies and profitability. We remain highly confident in Lattice's competitive position and our ability to capture increased share in the markets we serve."
16:01
HWAY Healthways reports EPS in-line, beats on revs; guides FY10 revs in-line (16.69 +0.07)
Reports Q1 (Mar) earnings of $0.27 per share, in-line with the Thomson Reuters consensus of $0.27; revenues fell 2.0% year/year to $179 mln vs the $174.1 mln consensus. Co issues in-line guidance for FY10, sees FY10 revs of $677-$718 mln vs. $704.66 mln Thomson Reuters consensus. "We continue to expect to produce positive net cash flows from operating activities for the full year in the range of $80 million to $100 million. We also continue to expect total capital expenditures for the year to be in the range of $45 million to $50 million. Currently, we intend to apply free cash flow generated during 2010 primarily for repayment of debt."
16:01
IBKR Interactive Brokers misses by $0.10, misses on revs (16.15 -0.02)
Reports Q1 (Mar) earnings of $0.09 per share, $0.10 worse than the Thomson Reuters consensus of $0.19; revenues fell 28.8% year/year to $211 mln vs the $252.7 mln consensus. "The past quarter was characterized by shrinking volatilities in the equity markets, which continued to impact our market-making results; while our global brokerage business is proceeding to grow along a very high trajectory that remains unparalleled in the industry." Market Making segment income before income taxes was $5.5 million in the quarter ended March 31, 2010, an increase from the prior quarter but a decrease of 95% from the same period last year. Pre-tax profit margin was 7% in this quarter, down from 65% in the same period last year. Low actual volatility, relatively high implied volatility and narrow bid/offer spreads contributed to the decrease in market making profits this quarter. Market Making options contract volume decreased 13% compared to the same period last year, but increased 6% from the prior quarter.
16:01
WGOV Woodward Governor reports EPS in-line, revs in-line; guides FY10 EPS in-line, revs in-line (33.12 +0.75)
Reports Q2 (Mar) earnings of $0.34 per share, in-line with the Thomson Reuters consensus of $0.34; revenues rose 4.4% year/year to $349.4 mln vs the $352.5 mln consensus. Co issues in-line guidance for FY10, sees EPS of $1.40-1.60 vs. $1.51 Thomson Reuters consensus; sees FY10 revs of $1.4-1.5 bln vs. $1.45 bln Thomson Reuters consensus.
16:00
RIG Transocean Provides Update on Semisubmersible Drilling Rig Deepwater Horizon, cause of the fire is unknown (90.37 0.00)
Co provided an update regarding a fire and explosion onboard its semisubmersible drilling rig Deepwater Horizon and reports that the rig sank late in the morning, today. The combined response team was not able to stem the flow of hydrocarbons prior to the rig sinking, and we are working closely with BP Exploration & Production, Inc. and the U.S. Coast Guard to determine the impact from the sinking of the rig and the plans going forward. The U.S. Coast Guard has plans in place to mitigate any environmental impact from this situation. The cause of the fire and explosion is unknown at this time. An investigation into the cause of the incident and assessment of the damage will be ongoing in the days or weeks to come.
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