Briefing.com: Hourly In Play (R) – 05:00 ET

Feb 04, 2010 (Briefing.com via COMTEX) -- Hourly In Play (R)

Updated: 04-Feb-10 05:00 ET

04:54

CRR Carbo Ceramics misses by $0.05, beats on revs (69.78 )

Reports Q4 (Dec) earnings of $0.55 per share, $0.05 worse than the First Call consensus of $0.60; revenues fell 14.6% year/year to $90.1 mln vs the $88.4 mln consensus. Worldwide proppant sales volume totaled 278 mln pounds for 4Q09, representing a year-over-year decrease of 5%. Proppant sales volume for the fourth quarter declined in the North American and International markets year-over-year, following a 40% and 7% decline in rig count, respectively.

04:28

RDS.A Royal Dutch Shell reports 4Q09 results (56.73 )

4Q09 earnings, on a current cost of supplies basis, were $1.2 bln compared to $4.8 bln a year ago. Basic CCS EPS decreased by 76% vs the same quarter a year ago. 4Q09 CCS earnings, excluding identified items, were $2.8 bln compared to $3.9 bln in 4Q08. Cash flow from operating activities for 4Q09 was $5.7 bln. Oil and gas production for the fourth quarter 2009 was 3,331 thousand boe/d. FY09 oil and gas production was 3,152 thousand boe/d. Production for the fourth quarter and the FY09 excluding the impact of divestments, production sharing contracts pricing effects and OPEC quota restrictions was 2% lower compared to the same periods last year. Underlying production, in the fourth quarter and full year 2009, increased by some 200 thousand boe/d from new field start-ups and the continuing ramp-up of fields, more than offsetting the impact of field declines. LNG sales volumes of 3.96 million tonnes in 4Q09 were 18% higher than in the same quarter a year ago. FY09 LNG sales volumes were 13.40 mln tonnes compared to 13.05 mln tonnes in 2008, an increase of 3%.

04:07

MEND Micrus Endovascular beats by $0.13, beats on revs; guides FY10 revs above consensus (17.29 )</p>

Reports Q3 (Dec) earnings of $0.20 per share, $0.13 better than the First Call consensus of $0.07; revenues rose 24.4% year/year to $22.8 mln vs the $21 mln consensus. Co issues upside guidance for FY10, sees FY10 revs of $87.0-89.0 mln (prior range $84.0-87.0 mln) vs. $86.29 mln consensus.

02:16

GFI Gold Fields reports results for December '09 quarter (11.94 )

Co announces net earnings for the December 2009 quarter of R1,409 million compared with earnings of R1,007 million and R483 million in the September 2009 and the December 2008 quarters respectively. Net earnings for the December 2009 quarter was $187 million, compared with $129 million and $54 million for the September 2009 and December 2008 quarters respectively. Net earnings excluding gains and losses on foreign exchange, financial instruments, exceptional items and share of profit or loss of associates after taxation for the December 2009 quarter was R1,022 million compared with earnings of R625 million and R542 million in the September 2009 and the December 2008 quarters respectively. In US dollar terms this equates to $135 million for the December 2009 quarter, compared with $80 million and $60 million for the September 2009 and December 2008 quarters respectively.

02:13

IO CGGVeritas announces Sercel to request court overturn jury verdict (5.30 )

CGGVeritas (CGV) announces that a Texarkana jury found that its subsidiary Sercel infringed on United States Patent No. 5,852,242 and that ION Geophysical is entitled to $25.2 mln in lost profits.

01:45

WSH Willis Group misses by $0.01, beats on revs (27.42 )

Reports Q4 (Dec) earnings of $0.47 per share, excluding non-recurring items, $0.01 worse than the First Call consensus of $0.48; revenues rose 4.0% year/year to $824 mln vs the $807.5 mln consensus. Organic growth in commissions and fees was 2.0% in 4Q09 compared with 4Q08. This growth reflected net new business won of 7.0%, partially offset by a -5.0% impact from declining premium rates and other market factors.

01:24

UMPQ Umpqua Holdings prices 7.5 mln common shares at $11.00/share and 16.5 mln depository shares at $11.00/share (11.94 )

01:21

FBN Furniture Brands misses by $1.09, reports revs in-line (5.27 )

Reports Q4 (Dec) loss of $1.35 per share, excludes items, $1.09 worse than the First Call consensus of ($0.26); revenues fell 29.2% year/year to $285.6 mln vs the $286.2 mln consensus. Gross margin for 4Q09 was 7.1% compared to 8.9% in the same quarter of 2008.

01:15

On The Wires

Internet Initiative Japan (IIJI) announces that its Board of Directors has resolved to absorb IIJ Technology, a wholly-owned subsidiary of IIJ... Denbury Resources (DNR) announces that it has priced its offering of $1 bln principal amount of Senior Subordinated Notes due 2020... Unisys (UIS) announces that its Mexican subsidiary has been awarded a contract by the Secretaria de Gobernacion/Registro Nacional de Poblacion (Mexican Ministry of Internal Affairs/National Citizen Registry) to create and manage an advanced citizen identification solution using biometric technologies; contract is worth approx $50 mln over three years, with approx $32 mln of the contract value expected to go to Unisys.

01:09

MDTH Medcath misses by $0.10, misses on revs (7.04 )

Reports Q1 (Dec) loss of $0.13 per share, $0.10 worse than the First Call consensus of ($0.03); revenues fell 1.9% year/year to $147.3 mln vs the $152.1 mln consensus. Contributing to the revenue decline was lower cases and net revenue related to cardiovascular services, primarily heart surgeries, offset by revenue from MedCath's newest hospital and revenue growth in non-cardiovascular cases at several recently expanded hospitals. During the quarter, non-cardiovascular inpatient net revenue represented 25% of net inpatient revenue, compared to 17% in 1Q09.

18:53

PAG Penske Automotive announces pricing of secondary common stock offering at $14.50 (14.71 +0.33)

Co announced the pricing of a secondary offering of 5.0 mln shares of PAG common stock at $14.50 per share. The selling stockholder is Penske Corp. PAG will not issue any new shares in the offering and will not receive any proceeds from the offering. Further, the offering will not be dilutive to PAG stockholders.

18:45

RBC Regal-Beloit beats by $0.26, beats on revs; guides Q1 EPS above consensus (49.64 +0.89)

Reports Q4 (Dec) earnings of $0.90 per share, $0.26 better than the First Call consensus of $0.64; revenues fell 4.1% year/year to $463.3 mln vs the $434.6 mln consensus. Co issues upside guidance for Q1, sees EPS of $0.76-0.84 vs. $0.62 consensus.

18:10

VLO Valero Energy anounces pricing of notes offering (18.94 -0.32) -Update-

Co announced that it has priced a public offering of $400 mln aggregate principal amount of 4.50% notes due 2015 and $850 mln aggregate principal amount of 6.125% notes due 2020. The offering was made pursuant to the co's shelf registration statement filed with the Securities and Exchange Commission on March 12, 2009. The offering is expected to close on February 8, 2010, subject to customary closing conditions. VLO intends to use the net proceeds from the offering for general corporate purposes, including the refinancing of debt.

18:04

REG Regency Centers misses by $0.01 (33.67 -0.64)

Reports Q4 (Dec) funds from operations of $0.63 per share, $0.01 worse than the First Call consensus of $0.64.

17:54

WGL WGL Holdings beats by $0.03, misses on revs; guides FY10 EPS in-line (31.93 -0.24)

Reports Q1 (Dec) earnings of $1.01 per share, excluding non-recurring items, $0.03 better than the First Call consensus of $0.98; revenues fell 11.9% year/year to $727.4 mln vs the $821.4 mln consensus. Co raises guidance for FY10, sees EPS of $2.22-2.34, excluding non-recurring items, vs. $2.27 consensus, up from $2.16-2.28, ex-items.

17:50

FMAR First Mariner Bancorp announces agreement to exchange common stock and warrants for trust preferred securities (1.22 -0.03)

Co announced that it has entered into an agreement with its Chairman and Chief Executive Officer, Edwin F. Hale, Sr., who has agreed to purchase trust preferred securities issued by Mariner Capital Trust II, Mariner Capital Trust IV and Mariner Capital Trust VIII. Mr. Hale, through the agreement with First Mariner Bancorp, has agreed to exchange $20.0 mln of the trust preferred securities for $2.0 mln in common stock of First Mariner Bancorp plus warrants to purchase shares equal to 20% of the shares issued in the exchange. Mr. Hale agreed to purchase the trust preferred securities, which have an aggregate liquidation amount of $20.0 mln, for $2.0 mln.

17:49

WLT Walter Energy beats by $0.03, misses on revs; Record sales volumes expected in 2010 (68.64 -1.72)

Reports Q4 (Dec) earnings of $0.62 per share, $0.03 better than the First Call consensus of $0.59; revenues fell 35.3% year/year to $236.3 mln vs the $276.1 mln consensus. Total coking coal sales are expected to total ~8.0 mln tons in 2010. Pricing on all 2008-2009 carryover tons is at original contract of ~$315 per metric ton FOB Port (~$286 per short ton FOB Port). Pricing on the 2009-2010 benchmark tons is at ~$129 per metric ton FOB Port (~$117 per short ton FOB Port). The remainder of coking coal sales volume for 2010 is unpriced. Given the current market environment, the co expects to achieve record average realized pricing for the year. Coking coal production is expected to total 1.7-1.8 mln tons in Q1, with production costs expected to average between $55-60 per ton. Walter Coke should return to full capacity by the end of Q1 and expects full-year 2010 sales to total 380,000-400,000 tons. In addition, returning to full production should improve cost leverage after Q1. Walter Minerals expects to produce and sell 1.3 - 1.4 million tons of steam and industrial coal in 2010, with all expected sales volumes priced. Overall results for 2010 are expected to remain consistent with the results in 2009. The co expects 2010 full-year capital expenditures of ~$110 mln, including maintenance capital of ~$80 mln.

17:40

DCP Dyncorp Intl misses by $0.04, reports revs in-line; guides FY10 EPS below consensus, narrows revs in-line (12.11 -0.03)

Reports Q3 (Dec) earnings of $0.36 per share, $0.04 worse than the First Call consensus of $0.40; revenues rose 15.5% year/year to $915 mln vs the $906.2 mln consensus. Co issues mixed guidance for FY10, sees EPS of $1.33-1.45 vs. $1.56 consensus; co narrows FY10 revs to $3.44-3.50 bln vs. $3.45 bln consensus, from $3.3-3.5 bln.

17:30

ORA Ormat Tech unit awarded a geothermal exploration concession in Northern Chile (35.67 +0.11)

Co announced that its subsidiary, Ormat Andina SA., was recently awarded a geothermal exploration concession in Northern Chile in the area of San Pablo II. The concession is approximately 26,000 acres located to the north of the San Pablo/San Pedro twin volcanic complex and close to access roads and to copper mines that could be a potential user of the electricity. The Company will engage in preliminary testing and studies to assess the feasibility of the site for commercial development.

17:26

STLD Steel Dynamics misses by $0.05, beats on revs (15.92 -0.44)

Reports Q4 (Dec) earnings of $0.12 per share, $0.05 worse than the First Call consensus of $0.17, but within its Dec 10 guidance of $0.10-0.20; revenues fell 2.5% year/year to $1.18 bln vs the $1.08 bln consensus. In light of the extraordinary conditions in 2009, STLD says its performance was reasonably good. Co says it ended the year on a sound footing. Entering 2010, co says it has seen a slight improvement in business conditions. Demand for flat-rolled, engineered bar, and merchant bar steel products, as well as recycled metals, remains robust; but demand for structural steel and building components is still very weak. Its flat-roll steel business, inclusive of The Techs, continues to run at a high rate of capacity utilization. Its Q1 outlook is for stronger profitability in both its steel operations and in metals recycling. There are numerous signs of recovery in the US economy. Service center and OEM steel inventories are at historically low levels.

17:24

VLO Valero Energy: Fitch assigns 'BBB' to Valero's $1.25 bln issuance; outlook remains negative (18.94 -0.32) -Update-

Co announced that Fitch Ratings has assigned a 'BBB' rating to Valero Energy's (VLO) issuance of $1.25 bln of five and 10 year senior unsecured notes. The notes will be used primarily for general corporate purposes, including but not limited to: refinancing existing debt, funding capital expenditures and funding working capital requirements. Fitch anticipates that a portion of proceeds will be used to call ~$472 mln in debt outstanding in the first part of 2010, including $185 mln of 6.75% Premcor notes due 2014 and $287 mln of 7.5% Premcor notes due 2015, resulting in an expected net increase in Valero's debt of ~$750 mln after the refinancing.

17:22

IMA Inverness Medical Innovations to acquire Kroll Laboratory Specialists for $110 mln (41.86 +0.07)

Co announced that it has entered into a binding agreement with Kroll Inc., a subsidiary of Marsh and McLennan Companies (MMC) to purchase its Substance Abuse Testing division (Kroll Laboratory Specialists, Inc.), its business unit providing forensic quality substance abuse testing products and services across the United States. The purchase price is $110 million cash subject to a customary working capital adjustment. The acquisition is expected to close in the first quarter of 2010 but remains subject to customary closing conditions.

17:18

AIZ Assurant misses by $0.15 (31.66 -0.45)

Reports Q4 (Dec) operating earnings of $0.86 per share, $0.15 worse than the First Call consensus of $1.01. Net earned premiums in the fourth quarter of 2009 were $1.9 billion, down 4% from the fourth quarter of 2008, with all businesses experiencing modest downturns in the current recessionary environment. Net investment income in the fourth quarter of 2009 decreased to $172.5 mln from $183.0 mln in the fourth quarter of 2008. Book value per diluted share excluding, AOCI, was $40.47, up 9% from year-end 2008.

17:16

CBL CBL & Assoc beats by $0.12, beats on revs; guides FY10 FFO in-line (10.19 -0.31)

Reports Q4 (Dec) funds from operations of $0.62 per share, $0.12 better than the First Call consensus of $0.50; revenues fell 3.4% year/year to $289.1 mln vs the $270.1 mln consensus. Co issues in-line guidance for FY10, sees FFO of $1.82-1.90 vs. $1.86 consensus.

17:13

XIDE Exide Tech moves earnings call up to tomorrow afternoon at 4:30 ET (6.08 -1.84) -Update-

Co announces it will hold a conference call on tomorrow (2/4) to discuss its financial results for the third quarter ended December 31, 2009. "We have received an unusually high number of investor inquiries in response to this morning's press release... We are interested in responding to these inquiries promptly. As a result, we are accelerating the timing of our fiscal third quarter results conference call to Thursday, February 4, 2010 at 4:30 p.m."

17:11

CBG CB Richard Ellis beats by $0.10, beats on revs (13.69 +0.20)

Reports Q4 (Dec) earnings of $0.28 per share, excluding non-recurring items, $0.10 better than the First Call consensus of $0.18; revenues rose 1.0% year/year to $1.3 bln vs the $1.16 bln consensus. Co says, "Notwithstanding years with unusual positive or negative influence upon revenues, CB Richard Ellis believes it should be able to deliver annual revenue growth in the 6-8% range, annual EBITDA growth in the 10-14% range and annual EPS growth in the 15-20% range. While it is still far too early to describe 2010 as a normal operating environment, the Company's initial expectation is that 2010 performance may be within these more typical ranges."

17:09

BRS Bristow Group beats by $0.02, beats on revs (37.66 +0.41)

Reports Q3 (Dec) earnings of $0.74 per share, $0.02 better than the First Call consensus of $0.72; revenues rose 7.2% year/year to $303.3 mln vs the $282 mln consensus. Co states, "We realized solid operating results in Europe, West Africa and Australia during our third fiscal 2010 quarter. In Latin America, our investment in Lider in Brazil contributed to these positive results but was offset by poor performance from our joint venture in Mexico. In Europe, overall activity levels were strong. We're also seeing robust activity levels in Nigeria despite a challenging political environment. In Australia, our local team continues to make improvements in operations and cost structure and in our activity level. The U.S. Gulf of Mexico saw continued weakness, but we have not been impacted to as large a degree as other offshore service companies."

17:08

ARO Aeropostale declares 3-for-2 stock split (35.15 -0.19) -Update-

17:08

CHG CH Energy unit reached an agreement with Staff of the New York State Department of Public Service (39.81 -0.60)

The Staff of the New York State Department of Public Service, Central Hudson Gas & Electric Corporation (subsidiary to CH Energy Group) and Multiple Intervenors (a consortium representing large industrial customers) have reached an agreement and filed a proposal for a multi-year rate plan that would phase in new electricity and natural gas delivery rates for customers of the Poughkeepsie-based utility over the next three years. The joint proposal comes as a result of Central Hudson's July 2009 rate proposal, and would become effective July 1, 2010, if approved by the Public Service Commission. The joint proposal would increase average (estimated in 2010-2011 to be 630 kilowatt-hours per month) residential electric delivery charges by $2.56 per month in the first year, $1.96 per month in the second year and $1.89 per month in the third year. The average residential natural gas delivery charges would increase by $5.86 per month in the first year, $2.73 per month in the second year and $2.02 per month in the third year.

17:08

CELL Brightpoint beats by $0.06, misses on revs (6.11 -0.01)

Reports Q4 (Dec) earnings of $0.22 per share, excluding non-recurring items, $0.06 better than the First Call consensus of $0.16; revenues fell 5.8% year/year to $905.6 mln vs the $927.1 mln consensus.

17:07

KIM Kimco Realty beats by $0.02; guides FY10 EPS in-line (12.66 -0.35)

Reports Q4 (Dec) FFO of $0.31 per share, $0.02 better than the First Call consensus of $0.29. Co issues in-line guidance for FY10, sees FFO of $1.07-1.15 vs. $1.15 consensus. Co sees 2010 estimated portfolio metrics as follows: Occupancy for the U.S. shopping center portfolio of approximately flat to up 50 basis points, and same-property NOI for U.S. shopping center portfolio for the year between -2% to flat.

17:03

MTSN Mattson reports Q4 net loss per share of ($0.23) vs. ($0.26) First Call consensus; revenue increased 36.6% y/y to $17.9 mln vs. $16.6 mln consensus (3.68 +0.09)

17:02

AVB AvalonBay reports EPS in-line, beats on revs; guides Q1 FFO below consensus; guides FY10 FFO below consensus (77.83 -1.75)

Reports Q4 (Dec) funds from operations of $0.64 per share, in-line with the First Call consensus of $0.64; revenues fell 0.3% year/year to $220.7 mln vs the $213.9 mln consensus. Co issues downside guidance for Q1, sees FFO of $0.89-0.93 vs. $0.98 consensus. Co issues downside guidance for FY10, sees FFO of $3.60-3.85 vs. $3.89 consensus.

16:50

VVC Vectren's CEO Niel Ellerbrook to retire in May, Carl Chapman to lead company (23.39 -0.22)

16:46

CSCX Cardiac Science Corp announces voluntary medical device recall (2.77 +0.08)

Co is initiating a worldwide voluntary recall after determining that approximately 12,200 automated external defibrillators (AEDs) may not be able to deliver therapy during a resuscitation attempt, which may lead to serious adverse events or death. These AEDs were manufactured in a way that makes them potentially susceptible to failure under certain conditions. The FDA has been informed of this situation. Cardiac Science detected this issue through its internal quality systems and has received no complaints or reports of this problem in the field. The Company expects to record a charge of between $2.0 and $3.0 million in the fourth quarter of 2009, reflecting its current estimate of the expected costs relating to this action. Actual costs may vary based on a variety of factors. Cash expenditures relating to replacement of the affected AEDs will occur in the first half of 2010. The Company does not currently believe this action will have a significant adverse impact on its ability to fulfill AED orders for the first quarter.

16:45

OXY Occidental Petro reports 2009 year-end proved reserves increased 8% (80.13 -0.65)

Co announced that at year-end 2009, the company's preliminary worldwide proved reserves totaled 3.23 billion barrels of oil equivalent (BOE) compared to 2.98 billion BOE at the end of 2008. In 2009, the company had proved reserve additions from all sources of 483 million BOE, compared to production of 235 million BOE, for a production replacement ratio of 206%.

16:41

ATW Atwood Oceanics beats by $0.05, beats on revs (36.16 +0.42)

Reports Q1 (Dec) earnings of $1.03 per share, $0.05 better than the First Call consensus of $0.98; revenues fell 0.8% year/year to $164.2 mln vs the $157 mln consensus.

16:40

AVNW Aviat Networks reports 2Q results; issues in-line guidance (7.27 +0.06)

Aviat Networks reports 2Q10 earnings of $0.01 vs $0.00 First Call consensus; revs fell 36% year/year to $122.6 mln vs $124.99 mln First Call consensus. The co's current revenue expectations for 3Q10 are in the range of $120 mln to $130 mln vs $130.85 First Call Consensus

16:36

CNBC Center Bancorp, Inc. announced A. Richard Abrahamian resigned from his position as Chief Financial Officer (8.71 +0.04)

Co announced that on January 28, 2010, A. Richard Abrahamian resigned from his position as Vice President, Treasurer & Chief Financial Officer of Center Bancorp, Inc. and as Senior Vice President and Chief Financial Officer of Union Center National Bank.

16:35

OCFC OceanFirst Finl repurchased outstanding warrant issued to the U.S. Treasury under the Capital Purchase Program (10.01 +0.04)

Co announced that it repurchased the warrant to purchase 190,427 shares of its common stock issued to the U.S. Treasury under the Capital Purchase Program of the Troubled Asset Relief Program ("TARP"). The original warrant granted to the Treasury was reduced by one-half from 380,853 shares to 190,427 shares as a result of the completion of the Company's successful public stock offering in November 2009. The Company repurchased the warrant for $431,000.

16:34

CHKE Cherokee enters into license agreement with Evy of California for its Sideout Brand (16.28 +0.13)

Co announced that it has entered into an exclusive agreement in the U.S. with Evy of California for Girl's 0-16 sportswear for its Sideout brand. Evy, with over 60 years of experience, is a powerful force in the children's market and has long standing successful relationships with its customers. This marks the fifth licensing announcement for the Sideout brand in the last eight weeks.

16:34

CNQR Concur Tech beats by $0.01, beats on revs; guides Q2 and FY10 EPS below consensus (41.14 -0.22)

Reports Q1 (Dec) earnings of $0.19 per share, excluding non-recurring items, $0.01 better than the First Call consensus of $0.18; revenues rose 15.5% year/year to $67.7 mln vs the $66.3 mln consensus. Co issues downside guidance for Q2, sees EPS of $0.17, excluding non-recurring items, vs. $0.20 consensus. Co issues downside guidance for FY10, sees EPS of $0.80, excluding non-recurring items, vs. $0.83 consensus (guidance assumes tax rate of 3.65%).

16:34

IEX IDEX Corp beats by $0.06, beats on revs; guides Q1 EPS above consensus; guides FY10 EPS in-line (29.32 -0.01)

Reports Q4 (Dec) earnings of $0.43 per share, excluding non-recurring items, $0.06 better than the First Call consensus of $0.37; revenues fell 3.4% year/year to $343.3 mln vs the $325.5 mln consensus. Co issues upside guidance for Q1, sees EPS of $0.40-0.42 vs. $0.39 consensus. Co issues in-line guidance for FY10, sees EPS of $1.63-1.73 vs. $1.68 consensus; co sees 2-4% in organic revenue growth. Co said, "Organic growth higher than 4% will be dependent on the extent and sustainability of second half 2010 economic recovery."

16:32

BRCM Broadcom announces dividend policy; declares the first quarterly cash dividend of $0.08 per share (27.89 -0.14) -Update-

Co announced that its Board of Directors has adopted a dividend policy pursuant to which the Company intends to pay quarterly cash dividends on its common stock. The Board declared the first quarterly cash dividend of $0.08 per share payable to holders of the Company's common stock. The dividend was declared by the Board of Directors on January 27, 2010 and will be paid on March 8, 2010 to holders of the Company's Class A and Class B common stock of record at the close of business on February 19, 2010. (Briefing.com note: Annualizing the $0.08 quarterly dividend gives BRCM a ~1.2% annual dividend yield)

16:31

TEG Integrys Energy announces definitive agreement to sell its portfolio of renewable energy certificates to EDF Trading North America (42.59 -0.04)

Co announces that its non-regulated subsidiary, Integrys Energy Services, has agreed to sell its Environmental Markets business to EDF Trading North America. Integrys expects to close the sale in March 2010. The Environmental Markets business, which requires immaterial collateral support, largely consists of a portfolio of long-term Renewable Energy Certificate contracts with generators and wholesale buyers. The sale does not involve Energy Services' renewable solar or landfill gas projects owned by Integrys or its subsidiaries. In addition, the transaction does not include any Renewable Energy Certificates used to serve Energy Services' retail customers. The financial terms and other conditions of the transaction are not being disclosed at this time.

16:30

CORE Core-Mark announces new supply agreement (30.47 +0.54)

Co announces it has entered into a five year contract with BP Products North America to provide all of the ampm proprietary products to its 1,200 stores nationwide. In addition, Core-Mark is designated as the approved supplier for traditional non-proprietary products, in a move designed to further advance ampm's ongoing progress in supply chain efficiencies, marketing program effectiveness, and consistency of offerings.

16:25

URI United Rentals misses by $0.01, misses on revs (8.31 -0.15)

Reports Q4 (Dec) loss of $0.21 per share, excluding non-recurring items, $0.01 worse than the First Call consensus of ($0.20); revenues fell 29.6% year/year to $557 mln vs the $563.1 mln consensus. Time utilization was 61.8% for the fourth quarter and 60.7% for the full year 2009, representing decreases of 2.4 percentage points and 2.9 percentage points, respectively, from 2008. Rental rates declined 9.6% for the quarter and 11.8% for the year. Dollar utilization, which reflects the impact of both rental rates and time utilization, was 46.0% for the fourth quarter and 45.5% for full year 2009, representing decreases of 9.3 percentage points and 11.4 percentage points, respectively, from 2008. "Externally, the economic turmoil took a toll on our end markets, with the expected constraint on our revenues and margins. We responded with disciplined cost cutting and capital management, improving our free cash flow and SG&A reduction beyond projections... At this time we are still seeing an environment that is very similar to the last half of 2009. Despite the challenges of a lingering downturn, we believe that the transformation of our customer service and sales operations, and our strong capital structure, put us in a unique position to gain share that will be accretive to earnings over time."

16:24

SIGI Selective Insurance beats by $0.10, beats on revs (15.15 -0.13)

Reports Q4 (Dec) earnings of $0.47 per share, $0.10 better than the First Call consensus of $0.37; revenues rose 9.2% year/year to $389.8 mln vs the $292.2 mln consensus. For 2010, co sees full year combined ratios of approximately 101.5% on both a GAAP and statutory basis.

16:23

YUM YUM! Brands beats by $0.02, reports revs in-line (35.34 -0.48)

Reports Q4 (Dec) earnings of $0.50 per share, excluding non-recurring items, $0.02 better than the First Call consensus of $0.48; revenues fell 0.7% year/year to $3.37 bln vs the $3.34 bln consensus. Co said "In 2010, we once again expect to achieve our annual target of at least 10% EPS growth. Our profitable international new unit development will be a key driver of our growth as we execute against our obvious short-term challenge of driving same-store-sales growth. I am confident that our teams around the world will continue to build on our track record of consistent double-digit EPS growth."

16:21

LAD Lithia Motors reports Q4 EPS in the range of $0.00-0.02, two analyst estimate $0.16 (7.83 -0.27)

In the fourth quarter, same store new vehicle sales improved approximately 1.2% from 2008. Excluding the impact of Chrysler sales, same store new vehicle sales in the quarter improved approximately 18.5%. Co sees 1Q10 EPS in the range of $0.04-0.06, single analyst estimate $0.14 and Y10 EPS in the range of $0.55-0.63, two analyst estimate $0.88; sees revenues in the range of $1.80-1.85 bln, single analyst estimate $1.694 bln.

16:17

JOEZ Joes Jeans reports 4Q results (1.72 +0.02)

Joes Jeans reports 4Q earnings of $0.33 vs $0.01 Single Analyst Estimate; revs rose 42% year/year to $25.2 mln vs $19.59 mln Single Analyst Estimate. Gross margin during the quarter increased one percentage point to 49% compared to 48% in the year ago quarter. The increase in gross margin was a result of a higher percentage of net sales coming from retail and licensing during the quarter compared to the fourth quarter a year ago.

16:17

INSP InfoSpace beats by $0.13, beats on revs; guides Q1 EPS below consensus, revs above consensus (10.47 +0.49)

Reports Q4 (Dec) earnings of $0.28 per share, excluding non-recurring items, $0.13 better than the First Call consensus of $0.15; revenues rose 92.1% year/year to $70.5 mln vs the $67.2 mln consensus. Co issues mixed guidance for Q1, sees EPS of $0.01-0.04 vs. $0.06 consensus; sees Q1 revs of $60-65 mln vs. $56.98 mln consensus. "Much of our success in the quarter and in 2009 was due to the strength of our distribution business and our ongoing efforts to improve operating efficiencies. In addition, we continued to invest in new initiatives in our owned and distributed search products, as well as in initiatives beyond search."

16:17

EK Eastman Kodak commencement tender offer to purchase up to $100 million of its outstanding 7.25% Senior Notes due 2013 (6.83 )

16:16

SPTN Spartan Stores beats by $0.01, beats on revs (13.87 +0.08)

Reports Q3 (Dec) earnings of $0.23 per share, $0.01 better than the First Call consensus of $0.22; revenues rose 0.6% year/year to $786.9 mln vs the $746.4 mln consensus. "We expect the economic climate in markets where we operate to weaken slightly, but begin to moderate in late fiscal 2011. We also expect that the rate of product price deflation will begin to temper during fiscal 2011. As a result of these factors and the cycling of competitive store openings, we look for the operating environment to improve late in fiscal 2011."

16:16

TBI TrueBlue reports EPS in-line, beats on revs; guides Q1 EPS above consensus, revs above consensus (14.73 +0.14)

Reports Q4 (Dec) earnings of $0.05 per share, excluding non-recurring items, in-line with the First Call consensus of $0.05. Co issues upside guidance for Q1, sees EPS of $0.06-0.11, excluding non-recurring items, vs. ($0.07) consensus; sees Q1 revs of $230-240 mln vs. $214.98 mln consensus.

16:15

CENT Central Garden beats by $0.01, misses on revs (9.78 +0.15)

Reports Q1 (Dec) loss of $0.04 per share, $0.01 better than the First Call consensus of ($0.05); revenues fell 8.2% year/year to $269 mln vs the $283.5 mln consensus. "With a stronger balance sheet, we are beginning to accelerate new product introductions and once again explore potential acquisitions."

16:15

MWW Monster Worldwide reports EPS in-line, revs in-line, acquires Yahoo! HotJobs (16.42 +0.38)

Reports Q4 (Dec) loss of $0.01 per share, excluding non-recurring items, in-line with the First Call consensus of ($0.01); revenues fell 26.7% year/year to $213.1 mln vs the $212.3 mln consensus. Co also announces that it has entered into a definitive agreement to acquire the assets of Yahoo! HotJobs, a leading online recruitment website, from Yahoo! (YHOO) for $225 million in cash. Monster and Yahoo! have also entered into a 3-year commercial traffic agreement, to take effect upon the closing of the acquisition, in which Monster will become Yahoo!'s provider of career and job content on the Yahoo! homepage in the US and Canada.

16:15

BBBB Blackboard beats by $0.05, reports revs in-line; guides Q1 EPS in-line, revs in-line; guides FY10 EPS in-line, revs in-line (40.67 +1.45)

Reports Q4 (Dec) earnings of $0.49 per share, excluding non-recurring items, $0.05 better than the First Call consensus of $0.44; revenues rose 17.6% year/year to $100 mln vs the $99 mln consensus. Co issues in-line guidance for Q1, sees EPS of $0.36-0.42, excluding non-recurring items, vs. $0.39 consensus; sees Q1 revs of $98.6-102.6 mln vs. $100.47 mln consensus. Co issues in-line guidance for FY10, sees EPS of $1.65-1.94, excluding non-recurring items, vs. $1.78 consensus; sees FY10 revs of $424-440 mln vs. $427.37 mln consensus.

16:14

NBIX Neurocrine Biosci beats by $0.07, misses on revs (2.34 -0.01)

Reports Q4 (Dec) loss of $0.20 per share, $0.07 better than the First Call consensus of ($0.27); revenues rose 2.8% year/year to $0.7 mln vs the $0.8 mln consensus. Exclusive of any new partnering agreements, the co expects to have a cash burn in 2010 of approximately $40-$45 million. This projected burn includes all the activities necessary for completion of the Phase II program for elagolix, the end of Phase II meeting with the FDA, the Special Protocol Assessment for the Phase III elagolix program, and the planned VMAT2 activities.

16:14

SYMM Symmetricom beats by $0.04, beats on revs; guides Q3 EPS in-line, revs in-line; guides FY10 EPS above consensus, revs in-line (5.29 )

Reports Q2 (Dec) earnings of $0.10 per share, excluding non-recurring items, $0.04 better than the First Call consensus of $0.06; revenues rose 8.9% year/year to $56.9 mln vs the $53.2 mln consensus. Co issues in-line guidance for Q3, sees EPS of $0.09-0.14, excluding non-recurring items, vs. $0.12 consensus; sees Q3 revs of $55-62 mln vs. $56.40 mln consensus. Co issues guidance for FY10, sees EPS of $0.38-0.45, excluding non-recurring items, vs. $0.37 consensus; sees FY10 revs of $220-235 mln vs. $220.22 mln consensus.

16:14

V Visa beats by $0.11, beats on revs; reaffirms FY10 EPS growth outlook; raises FY10 rev growth, operating margin outlook (83.52 -0.49)

Reports Q1 (Dec) earnings of $1.02 per share, $0.11 better than the First Call consensus of $0.91; revenues rose 12.7% year/year to $1.96 bln vs the $1.92 bln consensus. For FY10, Visa reaffirms 20%+ EPS growth, as expected; raises annual net rev growth to 11-15% range vs lower end of 11-15% range previously; raises op margin expectation to mid to high 50% range from mid 50% range previously. Payments volume growth, on a constant basis, was a positive 2.5% over the prior year at $720 billion; and total cards carrying the Visa brands rose 5% worldwide over the prior year to 1.8 billion. Cross border volume growth, on a constant basis, was positive 2% for the three months ended December 31, 2009. Total processed transactions, which represent transactions processed by VisaNet for the three months ended December 31, 2009, totaled 10.9 billion, a 12% increase over the prior year.

16:13

AMP Ameriprise Financial beats by $0.14, beats on revs (39.19 -0.79)

Reports Q4 (Dec) earnings of $0.90 per share, $0.14 better than the First Call consensus of $0.76; revenues rose 70.0% year/year to $2.27 bln vs the $2.11 bln consensus. "We generated solid results in the quarter, aided by the improved market conditions and the strength of our diversified business model," said Jim Cracchiolo, chairman and chief executive officer. "While the market environment and economy remain challenging, client activity and advisor productivity began to improve, and I am pleased with the trends in our metrics. Our asset flows have improved considerably, with strong net inflows in wrap accounts and our asset management business."

16:12

NVLS Novellus beats by $0.06, beats on revs (22.05 +0.29)

Reports Q4 (Dec) earnings of $0.39 per share, $0.06 better than the First Call consensus of $0.33; revenues rose 29.5% year/year to $244.2 mln vs the $237.1 mln consensus. Co says "We believe the continued momentum behind the recovery in our industry is sustainable, as it is based on the return of fundamental end market demand drivers similar to the ones we saw a decade ago. While the future is never certain, we expect to see continued growth in semiconductor demand, which ultimately drives our business. This demand is being fueled by a worldwide acceleration of information technology infrastructure expansion, including the adoption of Windows 7, massive government spending worldwide to enhance security around the globe, and the rise of the Chinese consumer (who is forecasted to spend nearly four times as much on electronics as the U.S. or European consumer over the next five years). Technology has consistently been a key driver for improvement in the quality of life around the globe, and we believe there is no end in sight to the application of semiconductors to help achieve this goal."

16:12

ONNN ON Semiconductor beats by $0.05, beats on revs; guides Q1 revs above consensus (7.86 +0.05)

Reports Q4 (Dec) earnings of $0.19 per share, $0.05 better than the First Call consensus of $0.14; revenues rose 1.7% year/year to $497.1 mln vs the $491 mln consensus. ONNN reports Q4 gross margins of 39.9% vs 39.2% consensus. On a mix-adjusted basis, average selling prices in the fourth quarter of 2009 were down less than 1% when compared to the third quarter of 2009. Co issues upside guidance for Q1, sees Q1 revs of $515-525 mln vs. $479.26 mln consensus. Co sees 1Q10 gross margin of 40-41%, operating expenses of $132-$136 mln, and fully diluted share count of 445 mln.

16:11

THG The Hanover Insurance Grp beats by $0.15 (42.05 -0.62)

Co reports Q4 EPS of $1.14, $0.15 better than the $0.99 First Call consensus. "In 2009 and the first part of 2010, we have completed several transactions, brought on significant new talent, expanded geographically and continued to make investments in our business. All of these actions have significantly improved our product mix, strengthened our platform for the future and allowed us to grow net written premiums at a solid 4%, while the industry contracted."

16:11

FEIC FEI Company misses by $0.05, beats on revs; guides Q1 revs in-line (21.18 -0.07)

Reports Q4 (Dec) earnings of $0.17 per share, $0.05 worse than the First Call consensus of $0.22; revenues rose 1.8% year/year to $154.5 mln vs the $149.9 mln consensus. Co issues guidance for Q1, sees GAAP EPS of $0.15 - $0.20, including estimated restructuring charges of $0.02 to $0.03 per share, may not be comparable to $0.28 consensus; sees Q1 revs of $150 mln - $156 mln vs. $154.33 mln consensus. Bookings are expected to be at least $145 mln.

16:11

BRCM Broadcom reports Q4 (Dec) results, beats on revs (27.89 -0.14)

Reports Q4 (Dec) earnings of $0.11 per share, may not be comparable to the First Call consensus of $0.44; revenues rose 19.2% year/year to $1.34 bln vs the $1.32 bln consensus. BRCM reports total gross margins of 53.1 % vs 52.3% consensus. Color on items included in EPS: As previously disclosed, in the fourth quarter of 2009, Broadcom announced that it had agreed in principle to settle the securities class action litigation pending against the company and certain of its current and former officers and directors relating to the company's historical stock option accounting practices. Under the proposed settlement, the claims against Broadcom and its officers and directors will be dismissed with prejudice and released in exchange for a $160.5 million cash payment by Broadcom. The company recorded the settlement amount as a one-time charge. The proposed settlement remains subject to the satisfaction of various conditions, including negotiation and execution of a final stipulation of settlement and approval by the U.S. District Court for the Central District of California following notice to members of the class. This charge reduced net income by $0.31 per share (diluted) in the fourth quarter and year ended 2009. In addition, we received $63.2 million from our directors' and officers' insurance carriers, which the company recorded as a reduction of selling, general and administrative expense. This increased net income by $0.12 per share (diluted) in the fourth quarter and year ended December 31, 2009.

16:11

FNF Fidelity National beats by $0.08, beats on revs (13.39 +0.37)

Reports Q4 (Dec) earnings of $0.30 per share, $0.08 better than the First Call consensus of $0.22; revenues rose 45.7% year/year to $1.46 bln vs the $1.34 bln consensus.

16:10

NVMI Nova Measuring announces a proposed follow-on public offering of its ordinary shares (4.40 -0.15)

16:10

CSCO Cisco Systems beats by $0.05, beats on revs (23.07 +0.05)

Reports Q2 (Jan) earnings of $0.40 per share, $0.05 better than the First Call consensus of $0.35; revenues rose 8.0% year/year to $9.81 bln vs the $9.41 bln consensus. Reports Q2 gross margins of 64.5% vs Street at 64.8%... Days sales outstanding in accounts receivable (DSO) at the end of the second quarter of fiscal 2010 were 39 days, compared with 32 days at the end of the first quarter of fiscal 2010, and compared with 29 days at the end of the second quarter of fiscal 2009. Inventory turns on a GAAP basis were 12.1 in the second quarter of fiscal 2010, compared with 11.6 in both the first quarter of fiscal 2010 and the second quarter of fiscal 2009. Non-GAAP inventory turns were 11.7 in the second quarter of fiscal 2010, compared with 11.3 in both the first quarter of fiscal 2010 and the second quarter of fiscal 2009. "From a financial standpoint, Q2 was an outstanding quarter. Our performance with an eight percent year-over-year increase in Q2 revenue represents our third sequential quarter of positive growth and was well above the strong guidance we outlined during our first quarter conference call... We delivered strong gross margins and added $2.5 billion in cash from operations during our second quarter, bringing our total of cash and investments to $39.6 billion. We believe that these results demonstrate the strong foundation from which we can continue to focus on growing and capturing market transitions in our industry."

16:10

ENTR Entropic Comms beats by $0.01, reports revs in-line (3.40 +0.12)

Reports Q4 (Dec) earnings of $0.05 per share, $0.01 better than the First Call consensus of $0.04; revenues rose 19.0% year/year to $35.1 mln vs the $34.8 mln consensus.

16:09

CVTI Covenant Transport misses by $0.11, beats on revs (3.67 -0.20)

Reports Q4 (Dec) loss of $0.20 per share, $0.11 worse than the First Call consensus of ($0.09); revenues fell 7.7% year/year to $157.8 mln vs the $150.4 mln consensus.

16:08

PSEM Pericom Semi beats by $0.01, beats on revs; guides Q3 revs above consensus (9.11 -0.28)

Reports Q2 (Dec) earnings of $0.10 per share, $0.01 better than the First Call consensus of $0.09; revenues rose 16.6% year/year to $35.8 mln vs the $35 mln consensus. Co issues upside guidance for Q3, sees Q3 revs of $34-36 mln vs. $33.00 mln consensus. Gross margins are expected to be in the 33% to 35% range. Co said, "We look forward to resuming our revenue growth and delivering better operating results in 2010."

16:08

CDNS Cadence Design beats by $0.03, reports revs in-line; guides Q1 EPS in-line, revs in-line; guides FY10 EPS in-line, revs in-line (6.08 -0.01)

Reports Q4 (Dec) earnings of $0.06 per share, $0.03 better than the First Call consensus of $0.03; revenues fell 3.1% year/year to $220 mln vs the $220.7 mln consensus. Co issues in-line guidance for Q1, sees EPS of $0.00-0.02 vs. $0.00 consensus; sees Q1 revs of $210-220 mln vs. $213.92 mln consensus. Co issues in-line guidance for FY10, sees EPS of $0.05-0.15 vs. $0.11 consensus; sees FY10 revs of $865-900 mln vs. $900.58 mln consensus.

16:07

DBTK Double-Take Software reports EPS in-line, misses on revs; guides Q1 EPS below consensus, revs below consensus; guides FY10 EPS below consensus, revs in-line (10.25 -0.01)

Reports Q4 (Dec) earnings of $0.13 per share, excluding non-recurring items, in-line with the First Call consensus of $0.13; revenues fell 8.8% year/year to $22.8 mln vs the $23.2 mln consensus. Co issues downside guidance for Q1, sees EPS of $0.02-0.04, excluding non-recurring items, vs. $0.09 consensus; sees Q1 revs of $20-21.2 mln vs. $21.32 mln consensus. Co issues mixed guidance for FY10, sees EPS of $0.29-0.39, excluding non-recurring items, vs. $0.52 consensus; sees FY10 revs of $90-95 mln vs. $93.84 mln consensus.

16:07

RCMT RCM Tech approves $7.5 mln common stock repurchase (2.50 0.00)

16:07

FST Forest Oil announces 2009 estimated proved reserves, estimated net sales volumes, and estimated capital expenditures (26.03 )

Co announced its estimated proved reserves, net sales volumes, and capital expenditures for the year ended December 31, 2009. The Company reported the following highlights: Estimated proved reserves at December 31, 2009 were 2,120 Bcfe; proved undeveloped percentage remained consistent compared to December 31, 2008 at 37%; 2009 reserve replacement ratio was 144%; 2009 finding and development costs were $2.16 per Mcfe; 2009 reserve replacement ratio, excluding price revisions, was 315%; 2009 finding and development costs, excluding price revisions, were $0.99 per Mcfe; 2009 estimated net sales volumes were 183 Bcfe; 2009 estimated exploration and development capital expenditures were $569 million, including $57 million for land and leasehold acquisition costs.

16:07

AKAM Akamai Tech beats by $0.03, beats on revs (26.50 +0.13)

Reports Q4 (Dec) earnings of $0.46 per share, excluding non-recurring items, $0.03 better than the First Call consensus of $0.43; revenues rose 12.1% year/year to $238.3 mln vs the $233.5 mln consensus. Co said, "We were very pleased with how our business performed in 2009, capping a solid year with a return to double-digit revenue growth in the fourth quarter... For the year, we grew revenue, improved our cash gross margins, and generated over $400 million of cash from operations in a tough economic environment. We believe these results provide us with strong momentum coming into 2010, and position Akamai for the next wave of growth on the Internet."

16:06

NDN 99 Cents Only beats by $0.10, reports revs in-line (13.37 +0.07)

Reports Q3 (Dec) earnings of $0.35 per share, $0.10 better than the First Call consensus of $0.25; revenues rose 2.3% year/year to $359.1 mln vs the $360.6 mln consensus. For the fourth quarter of fiscal 2010, the company expects positive same-store sales in the low single digits. The company has achieved a 5.9% EBT over the four quarters ended December 26, 2009, and it believes that it will achieve EBT of approximately 4.9% for the fourth quarter of fiscal 2010 and EBT of approximately 6.3% for the current fiscal year. Based on its updated strategic and operational plans, it now believes that we can achieve 7.5% EBT in fiscal 2012.

16:06

GHDX Genomic Health beats by $0.05, misses on revs; guides FY10 revs (16.91 +0.04)

Reports Q4 (Dec) loss of $0.01 per share, $0.05 better than the First Call consensus of ($0.06); revenues rose 26.9% year/year to $39.6 mln vs the $40.4 mln consensus. Co issues guidance for FY10, sees FY10 revs of $180-190 mln vs. $190.05 mln consensus. Full year net income of up to $2 mln.

16:05

SFN Spherion beats by $0.07, beats on revs (6.56 -0.03)

Reports Q4 (Dec) earnings of $0.06 per share, $0.07 better than the First Call consensus of ($0.01); revenues fell 8.3% year/year to $466 mln vs the $420.6 mln consensus. The co sees revenues per day in January were about 5% lower than during the fourth quarter, consistent with a normal seasonal pull back in its industry. On a year-over-year basis, revenues per day in January were about flat compared with January 2009. However, Professional Services revenues per day were up about 1% compared with the fourth quarter and up about 2% compared with January 2009.

16:05

ENS Enersys beats by $0.08, beats on revs; guides Q4 EPS in-line (20.82 +0.18)

Reports Q3 (Dec) earnings of $0.44 per share, $0.08 better than the First Call consensus of $0.36; revenues fell 8.6% year/year to $421.3 mln vs the $393.4 mln consensus. Co issues in-line guidance for Q4, sees EPS of $0.39-$0.43, which excludes an expected charge of $0.09 per diluted share from restructuring and acquisition related costs, vs. $0.41 consensus. "The lower sequential quarter over quarter earnings are attributable to rapidly increasing lead costs incurred in our third quarter which will adversely impact our fourth quarter costs by approximately $20 million or $0.29 per share. This increased cost should be largely offset in future quarters by our recently announced price increases."

16:04

JMBA Jamba announces progress on refranchising with sale of eight California locations (1.67 -0.06)

Co announced today the sale of eight restaurants in California to Swirl Partners, LLC, whose principals are David Wagonfeld and Scott Maltz. This sale reflects the Company's continuing progress under its strategic refranchising program and builds on the sale of 27 restaurants in 2009 to existing Jamba Juice franchise owners in Arizona, Oregon, and California. The overall refranchising initiative is expected to involve the refranchising of up to 150 company-owned restaurant locations, primarily outside of California, and with a goal to be completed by the close of 2010.

16:04

ARI Apollo Commercial Real Estate completed investments totaling $349.0 million through January 31, 2010 (17.52 +0.03)

Co announced that through January 31, 2010, the Company has completed investments totaling $349.0 million. These investments involved the deployment of $127.8 million, or approximately 61%, of the equity capital raised in the Company's initial public offering.

16:04

RNOW Rightnow Tech beats by $0.04, beats on revs; guides Q1 EPS below consensus, revs above consensus; guides FY10 EPS below consensus, revs above consensus (16.52 +0.25)

Reports Q4 (Dec) earnings of $0.10 per share, excluding non-recurring items, $0.04 better than the First Call consensus of $0.06; revenues rose 15.2% year/year to $41.6 mln vs the $39.8 mln consensus. Co issues mixed guidance for Q1, sees EPS of $0.06-0.08, excluding non-recurring items, vs. $0.09 consensus; sees Q1 revs of $42-425.5 mln vs. $40.26 mln consensus. Co issues mixed guidance for FY10, sees EPS of $0.39-0.45, excluding non-recurring items, vs. $0.47 consensus; sees FY10 revs of $175-180 mln vs. $170.45 mln consensus.

16:03

TNK Teekay Tankers expects its dividend for Q4 to be between $0.24-0.27 (8.99 +0.10)

The spot tanker market has strengthened since mid-December 2009. Average spot tanker rates so far in the first quarter of 2010 are well above rates in the fourth quarter of 2009

16:02

OTEX Open Text beats by $0.17, beats on revs (40.55 -0.04)

Reports Q2 (Dec) earnings of $0.87 per share, $0.17 better than the First Call consensus of $0.70; revenues rose 19.3% year/year to $247.8 mln vs the $228.9 mln consensus. "We had a very good quarter across the board - in all geographies and verticals," said John Shackleton, President and Chief Executive Officer of Open Text. "Our strong license revenue growth has brought us to where we expected to be on a year to date basis." "We are also pleased with our profitability this quarter, generating a pre-tax adjusted operating margin of 28.8%," said Shackleton. "The integration of Vignette is progressing well and we are very encouraged by the synergies we see from the combined businesses."

16:02

AFFX Affymetrix beats by $0.14, beats on revs (5.62 -0.16)

Reports Q4 (Dec) earnings of $0.04 per share, $0.14 better than the First Call consensus of ($0.10); revenues rose 13.0% year/year to $88.8 mln vs the $82.9 mln consensus. Co said, "In 2010, we expect to generate improved revenue growth and to be profitable for the year."

16:02

EC Ecopetrol announces change in accounting methodology for its statement of cash flows (24.80 -0.51)

Co announces that pursuant to current standards issued by the Contaduria General de la Nacion, as of December 31, 2009 Ecopetrol S.A. will apply the indirect method in its statement of cash flows instead of the direct method which had been used prior to such date. This change makes local accounting standards consistent with U.S. GAAP. Furthermore, the new methodology will not have any financial impact on the Company and is in accordance with local and international accounting standards.

16:01

RBI Sport Supply Group reports 2Q10 EPS of $0.07 vs. $0.05 two analyst estimate; revenue increased 4.4% y/y to $55.5 mln vs. $54.4 mln estimate (12.12 +0.16)

16:01

WU Western Union signs Banco Bradesco, one of the largest Brazilian banks (17.17 -1.68) -Update-

The co and Banco Bradesco, S.A., one of the largest Brazilian banks, announced today an agreement to offer the Western Union global money transfer service at most of Banco Bradesco's locations in Brazil. The Western Union global money transfer service, a new service offering for Banco Bradesco account holders and walk-in consumers will be available soon. Consumers will be able to send and receive consumer-to-consumer international money transfers in person at the majority of Bradesco's locations.

16:01

CYTK Cytokinetics reports Q4 EPS of ($0.21) vs ($0.22) First Call consensus; revs $1.0 mln vs $2.90 mln First Call consensus (2.99 -0.12)

Cytokinetics also announced its financial guidance for 2010. The company anticipates cash R&D expenses are anticipated to be in the range of $38.0 to $42.0 million, and cash G&A expenses to be in the range of $14.0 to $16.0 million. This financial guidance is on a cash basis and does not include an estimated $6.1 million in non-cash related operating expenses primarily related to stock compensation expense. This guidance does not reflect potential revenue from Amgen or potential collaborations with other partners.

16:00

SBX Seabright Insurance Holdings names Scott H. Maw as CFO

SeaBright announced that Scott H. Maw has been appointed Senior Vice President and Chief Financial Officer, effective today. He was most recently Senior Vice President and CFO of the Retail/Consumer Bank operations of JP Morgan Chase, having held a similar post at Washington Mutual Bank prior to its acquisition by Chase.

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