Briefing.com: Hourly In Play (R) – 23:00 ET

Jul 21, 2010 (Briefing.com via COMTEX) -- Hourly In Play (R)

Updated: 21-Jul-10 23:00 ET

18:00

Futures are lower after hours with S&P 500 futures 3.46 points below fair value of 1066.36 and Nasdaq 100 futures 1.62 points below fair value of 1816.12

17:48

CLB Core Labs beats by $0.03, beats on revs; guides Q3 EPS in-line, revs above consensus; co announces special dividend of $0.65 (82.00 +0.21)

Reports Q2 (Jun) earnings of $0.75 per share, $0.03 better than the Thomson Reuters consensus of $0.72; revenues rose 18.9% year/year to $198.9 mln vs the $189.5 mln consensus. Co issues mixed guidance for Q3, sees EPS of $0.76-0.78 vs. $0.76 Thomson Reuters consensus; sees Q3 revs of $205 mln vs. $197.11 mln Thomson Reuters consensus. Core's Board also has declared a special cash dividend of $0.65 per share of common stock payable on 23 August 2010 to shareholders of record on 23 July 2010. This amount reflects the two-for-one stock split and is the equivalent of $1.30 per share before the split.

17:36

RJET Republic Airways to acquire 24 Embraer (ERJ) 190 Jets (5.60 -0.15)

Under the agreement, deliveries would begin in mid 2011, with the first six aircraft arriving by the end of the year. The aircraft would be configured in a single-class arrangement and include stretch seating, a key on-board amenity offered in Republic's branded operation. The Embraer 190 would offer 99 seats, while the E195 would be configured with 116 if Republic chose to convert any of the orders.

17:36

HNI HNI beats by $0.04, reports revs in-line (25.59 -0.90)

Reports Q2 (Jun) earnings of $0.15 per share, $0.04 better than the Thomson Reuters consensus of $0.11; revenues rose 6.3% year/year to $398.2 mln vs the $397.1 mln consensus.

17:35

WBNK Waccawmaw Bkshrs extends subscription deadline for its rights offering of 8.3 mln shares of common stock to shareholders to August 2, 2010 (1.80 +0.16)

17:33

GPRE Green Plains Renewable Energy will implement corn oil extraction technology at its ethanol plants (9.44 +0.23)

Co will implement corn oil extraction technology at its ethanol plants. The Company expects to complete the technology deployment by the end of the first quarter of 2011 and anticipates the project would enhance operating income by $15-19 million per year. The expected total project cost for all plants is ~$18 million. Co anticipates first revenues from corn oil extraction at the Obion, Tennessee plant to occur within the next 90 days.

17:31

KRO Kronos Worldwide announces a price increase for all titanium dioxide products sold in Europe (20.17 -0.14)

Co announced a price increase for all titanium dioxide products sold in Western Europe, Eastern Europe and Turkey. Effective September 1, 2010, or as permitted by contract, prices for all KRO titanium dioxide products sold in Western Europe, Eastern Europe and Turkey will be increased by 200 Euro per metric ton (or equivalent in other currencies). This is a new price increase announcement that is in addition to the previously announced increase of July 1, 2010.

17:17

CATM Cardtronics initiated a full redemption of its $100.0 mln 9.25% Senior Subordinated Notes (11.78 -0.60)

The redemption of the notes will be funded with ~$30 mln of available cash on hand plus ~$70 million of borrowings under recently-executed, $175.0 mln revolving credit facility.

17:15

R Ryder System: W.B. Mason Company expands fleet and strengthens 30-year partnership With Ryder; terms not disclosed (41.32 -0.24)

Co announced that it has renewed and expanded its full service lease contract with W.B. Mason Company. W.B. Mason renewed its contract and expanded the fleet with Ryder to include an additional 106 trucks for a total fleet size of 376 vehicles.

17:13

CSGP CoStar Group beats by $0.02, beats on revs; guides Q3 EPS in-line, revs above consensus; guides FY10 EPS in-line (39.73 -0.43)

Reports Q2 (Jun) GAAP earnings of $0.16 per share, $0.02 better than the Thomson Reuters consensus of $0.14; revenues rose 11.4% year/year to $55.8 mln vs the $55.2 mln consensus. Co issues mixed guidance for Q3, sees GAAP EPS of $0.13-0.15 vs. $0.15 Thomson Reuters consensus; sees Q3 revs of $55.8-56.5 mln vs. $55.44 mln Thomson Reuters consensus. Co issues in-line guidance for FY10, sees GAAP EPS of $0.58-0.63 vs. $0.62 Thomson Reuters consensus. Co said, "Given our improving sales performance and renewal rates, we expect to continue to grow revenues organically in the second half and for the full year of 2010."

17:07

CSFL Centerstate Banks of Florida announces commencement of $30 mln common stock offering (9.18 -0.41) -Update-

17:05

CYS Cypress Sharpridge Investments misses by $0.03, misses on revs (12.76 -0.07)

Reports Q2 (Jun) earnings of $0.58 per share, $0.03 worse than the Thomson Reuters consensus of $0.61; revenues rose 1.9% year/year to $17.3 mln vs the $19.6 mln consensus.

17:02

IRDM Iridium Communications extends long-term relationship with Boeing for satellite network operations and support (9.85 -0.08)

Co announces it has entered into two comprehensive, long-term agreements with The Boeing Company (BA) that redefine the relationship between the companies for maintenance, operations and support of Iridium's satellite network. The first agreement, relating to the operation and maintenance of Iridium's current satellite constellation, transforms an agreement that Iridium and Boeing have had in place for the last ten years. Under the new agreement, Boeing will continue operating Iridium's current satellite constellation and will provide support for Iridium's satellite control system. Under the new terms, Iridium will receive significant cost savings and benefit from the release of more than $15 million in restricted cash required under the prior agreement.

17:02

GGG Graco reports EPS in-line, beats on revs; co looks for modest improvement in end markets in the Americas and Europe (30.60 -0.01)

Reports Q2 (Jun) earnings of $0.41 per share, in-line with the Thomson Reuters consensus of $0.41; revenues rose 30.1% year/year to $192.1 mln vs the $178.6 mln consensus. Co provided its outlook: "Investments in new product development, international sales people and our global distribution channel are paying dividends in the form of improved results. We saw strong growth in Asia Pacific and Europe in Q2, and Industrial segment sales increased by 37%. We expect that activity in Asia will remain strong. While Q2 is generally the strongest quarter for our Contractor business, we look for modest improvement in end markets in the Americas and Europe over the last half of 2010."

17:01

NEU NewMarket announces repurchase of $64.9 mln of stock in 2Q 2010; new stock repurchase authorization of up to $200 mln (98.43 -0.37)

17:00

AF Astoria Fincl beats by $0.02, misses on revs (13.33 -0.83)

Reports Q2 (Jun) earnings of $0.19 per share, $0.02 better than the Thomson Reuters consensus of $0.17; revenues rose 2.6% year/year to $112 mln vs the $121.8 mln consensus. Non-performing loans ("NPL"), including troubled debt restructurings ("TDR") of $51.8 million, totaled $415.1 million, or 2.11% of total assets at June 30, 2010, a decrease of $4.0 million from the previous quarter. During the 2010 second quarter, $31.6 million of NPLs were either sold or classified as held-for-sale.

16:56

SCANX After-hours earnings movers of interest: -Update-

Trading up on earnings: FFIV +6.0%, QCOM +3.9%, EBAY +3.5%, BIDU (unchanged)

Trading down on earnings: SWI -10.2%, NFLX -9.1%, ISRG -6.8%, WDC -3.1%, SBUX -2.8%

16:56

DPM DCP Midstream to expand wholesale propane business into mid-atlantic region With $49 mln acquisition of one of UGI's (UGI) subsidiaries (35.47 +0.26)

Co announced that it entered into an agreement with a subsidiary of UGI Corporation (UGI) to acquire Atlantic Energy, one of UGI's wholly owned subsidiaries, for $49 mln in cash. Atlantic Energy owns and operates a marine import terminal with 20 million gallons of above ground storage in the Port of Chesapeake, Virginia. The assets serve as an important supply point for propane customers in the mid-Atlantic region, and will extend the Partnership's existing northeast U.S. wholesale propane business into the mid-Atlantic.

16:47

CVTI Covenant Transport beats by $0.09, beats on revs (8.28 -0.25)

Reports Q2 (Jun) earnings of $0.20 per share, $0.09 better than the Thomson Reuters consensus of $0.11; revenues rose 17.3% year/year to $169 mln vs the $164.8 mln consensus.

16:35

BIDU Baidu.com beats by $0.04, beats on revs; guides Q3 revs above consensus (73.31 -0.73)

Reports Q2 (Jun) earnings of $0.35 per share, $0.04 better than the Thomson Reuters consensus of $0.31; revenues rose 74.4% year/year to $282.3 mln vs the $276.7 mln consensus. Co issues upside guidance for Q3, sees Q3 revs of $324.4-333.3 mln vs. $321.55 mln Thomson Reuters consensus. "Baidu's record top and bottom line results reflect the healthy growth of our customer base and continued improvements in monetization efficiency."

16:34

LHO LaSalle Hotel beats by $0.09, beats on revs (21.66 -0.42)

Reports Q2 (Jun) funds from operations of $0.52 per share, $0.09 better than the Thomson Reuters consensus of $0.43; revenues rose 4.6% year/year to $182.5 mln vs the $172.4 mln consensus. Co sees FFO of $80-90 mln.

16:32

CNS Cohen & Steers misses by $0.03, misses on revs (19.41 -0.54)

Reports Q2 (Jun) earnings of $0.19 per share, excluding non-recurring items, $0.03 worse than the Thomson Reuters consensus of $0.22; revenues rose 67.4% year/year to $44.2 mln vs the $45.2 mln consensus. Assets under management were $26.2 billion as of June 30, 2010, a decrease of 3.5% from $27.2 billion at March 31, 2010 and an increase of 60.8% from $16.3 billion at June 30, 2009.

16:32

NGLS Targa Resources increases dividend 2% to $0.5275/share paid quarterly (26.74 -0.26)

16:31

WPZ Williams Partners commences open season for Northwest Pipeline GP (46.51 -0.24) -Update-Co announced that Northwest Pipeline GP is launching an open season to seek expressions of interest from shippers to participate in its new Opal Market Link project. Shippers can contract for long-term firm transportation service to move unprocessed natural gas from the Uinta Basin in Utah to the Opal Hub. The initial design capacity of the Opal Market Link is planned to be approximately 400,000 dekatherms per day, which can be easily increased through compression or larger diameter pipe.

16:28

XLNX Xilinx beats by $0.05, beats on revs; sees Q2 sales up 3%-7% sequentially (27.83 -0.62)

Reports Q1 (Jun) earnings of $0.58 per share, $0.05 better than the Thomson Reuters consensus of $0.53; revenues rose 58.1% year/year to $594.7 mln vs the $568.6 mln consensus. XLNX Q2 margin is expected to be approximately 65% plus or minus one percentage point. Co sees Q2 sales up 3%-7% sequentially, which calculates to roughly $612.5-$636.3 mln (vs. $565.43 mln Thomson Reuters consensus).

16:27

IEX IDEX Corp acquires OBL S.r.l.; terms not disclosed (31.11 +0.48)

16:24

EBAY eBay beats by $0.02, beats on revs; guides Q3 EPS below consensus, revs below consensus; guides FY10 EPS in-line, revs in-line (20.17 -0.62)

Reports Q2 (Jun) earnings of $0.40 per share, excluding non-recurring items, $0.02 better than the Thomson Reuters consensus of $0.38; revenues rose 5.6% year/year to $2.21 bln vs the $2.16 bln consensus. Co issues downside guidance for Q3, sees EPS of $0.35-0.37 vs. $0.39 Thomson Reuters consensus; sees Q3 revs of $2.13-2.18 bln vs. $2.21 bln Thomson Reuters consensus. Co issues in-line guidance for FY10, sees EPS of $1.60-1.65 vs. $1.64 Thomson Reuters consensus; sees FY10 revs of $8.8-9.0 bln vs. $8.99 bln Thomson Reuters consensus. Co lowered FY10 guidance due to an expected FX impact. NCOs declined to 8.56% from 9.49% in prior year. Active Users rose 4% q/q. GMV fell to $12.5 bln compared to $13.3 bln in the prior quarter.

16:24

CODE Spansion and Elpida Announce Broader Flash Memory Alliance (15.21 )

Elpida Memory and Spansion (CODE) announced broadening an existing relationship for joint development of NAND process technology and products to include a foundry services agreement for NAND Flash memory. Elpida has also secured a non-exclusive license to Spansion NAND IP based on MirrorBit charge-trapping technology. Elpida will produce the new advanced NAND products at its leading-edge 300mm Hiroshima wafer fab and each company will separately market products to their customers.

16:22

TCBI Texas Capital reports EPS in-line (16.31 -0.68)

Reports Q2 (Jun) earnings of $0.22 per share, in-line with the Thomson Reuters consensus of $0.22.

16:19

DOX Amdocs extends managed services agreement with AT&T (T) Services into 2017 (28.68 -0.16)

16:18

GLW Corning Announces New Capacity Investments of $800 mln (16.80 +0.14)

The company will invest approximately $800 mln to construct a new LCD glass substrate facility in the People's Republic of China. With the support of the Beijing municipal government, co will locate the new facility in the Beijing Digital TV Industry Park within the Beijing Economic Technological Development Area. The manufacturing plant will have up to Generation 8.5 glass-melting and finishing capabilities. Groundbreaking is planned for September of this year, with production slated to begin in the first half of 2012.

16:17

CHK Chesapeake Energy commences 21.25 mln share public offering (21.13 -0.38)

16:16

TBI TrueBlue beats by $0.08, beats on revs; guides Q3 EPS in-line, revs below consensus (11.08 +0.36)

Reports Q2 (Jun) earnings of $0.15 per share, excluding non-recurring items, $0.08 better than the Thomson Reuters consensus of $0.07; revenues rose 15.3% year/year to $284.8 mln vs the $274.2 mln consensus. Co issues mixed guidance for Q3, sees EPS of $0.15-0.20 vs. $0.19 Thomson Reuters consensus; sees Q3 revs of $295-305 mln vs. $315.64 mln Thomson Reuters consensus.

16:16

CA CA Inc beats by $0.03, beats on revs; rasied FY11 EPS in-line, reaffirmed revs in-line (18.77 -0.61)

Reports Q1 (Jun) earnings of $0.45 per share, excluding non-recurring items, $0.03 better than the Thomson Reuters consensus of $0.42; revenues rose 4.5% year/year to $1.09 bln vs the $1.06 bln consensus. Co raises guidance for FY11, sees EPS of $1.82-1.94, excluding non-recurring items, vs. $1.89 Thomson Reuters consensus; reaffirms FY11 revs of $4.4-4.5 bln vs. $4.49 bln Thomson Reuters consensus.

16:15

RJF Raymond James reports EPS in-line, beats on revs (25.26 +0.12)

Reports Q3 (Jun) earnings of $0.48 per share, in-line with the Thomson Reuters consensus of $0.48; revenues rose 18.7% year/year to $747.4 mln vs the $729.5 mln consensus.

16:13

AMKR Amkor: ITC issues notice of final determination finding no violation in Amkor MLF patent case against Carsem (5.37 -0.15)

16:13

FFIV F5 Networks beats by $0.07, beats on revs; guides Q4 EPS above consensus, revs above consensus (73.11 -3.69)

Reports Q3 (Jun) earnings of $0.66 per share, $0.07 better than the Thomson Reuters consensus of $0.59; revenues rose 45.7% year/year to $230.5 mln vs the $218.4 mln consensus. F5 Networks reports Q3 gross margin 80.7% vs. 80.4% consensus. Co issues upside guidance for Q4, sees EPS of $0.69-0.71 vs. $0.62 Thomson Reuters consensus; sees Q4 revs of $242-247 mln vs. $230.22 mln Thomson Reuters consensus.

16:13

NFLX Netflix beats by $0.09, reports slight miss on revs; guides Q3 EPS, revs in-line; guides Q4 (Dec) EPS, revs in-line; raises FY10 sub guidance (119.95 -0.74)

Reports Q2 (Jun) earnings of $0.80 per share, $0.09 better than the Thomson Reuters consensus of $0.71; revenues rose 27.2% year/year to $519.8 mln vs the $524.4 mln consensus. Netflix reports percentage of subscribers who watched content instantly was 61% in Q2, up from the 55% in Q1; reports percentage of subscribers who watched content instantly was 61% in Q2, up from the 55% in Q1. Co issues in-line guidance for Q3, sees EPS of $0.61-0.74 vs. $0.68 Thomson Reuters consensus; sees Q3 revs of $546-554 mln vs. $551.70 mln Thomson Reuters consensus. Co issues in-line guidance for Q4 (Dec), sees EPS of $0.58-0.73 vs. $0.69 Thomson Reuters consensus; sees Q4 (Dec) revs of $580-596 mln vs. $583.16 mln Thomson Reuters consensus. Co raises FY10 guidance for ending subscribers to 17.7-18.5 mln, up from 16.5-17.3 mln.

16:12

ISRG Intuitive Surgical beats by $0.15, beats on revs (316.50 -9.59)

Reports Q2 (Jun) earnings of $2.19 per share, $0.15 better than the Thomson Reuters consensus of $2.04; revenues rose 34.5% year/year to $351 mln vs the $334.9 mln consensus. ISRG sold 108 da Vinci systems in Q2 vs. 76 a year ago and 104 in Q1. Summer Street Research expected a sequentially flat da Vinci placement number.

16:12

SBUX Starbucks reports EPS in-line, beats on revs; guides FY10 EPS in-line; guides FY11 EPS in-line; raises dividend 30% (25.17 -0.60)

Reports Q3 (Jun) earnings of $0.29 per share, in-line with the Thomson Reuters consensus of $0.29; revenues rose 8.7% year/year to $2.61 bln vs the $2.55 bln consensus. Co issues in-line guidance for FY10 (Sep), sees EPS of 1.22-1.23 vs. $1.23 Thomson Reuters consensus. Due to strong year-to-date performance, the company is now targeting full-year non-GAAP operating margin (excluding restructuring charges) at the high end of the previously-stated ranges of 15% to 17% for the U.S. segment, and 8% to 10% for the International segment. Co issues in-line guidance for FY11 (Sep), sees EPS of 1.36-1.41 vs. $1.41 Thomson Reuters consensus. The company is targeting mid- to high-single-digit FY11 revenue growth (consensus is for +4%), driven by low- to mid-single-digit comparable store sales growth. The quarterly dividend of $0.13 per share, an increase of 30% from $0.10 per share, will be paid on August 20, 2010, to shareholders of record at the close of business on August 4, 2010.

16:12

BMI Badger Meter beats by $0.04, beats on revs (39.95 +0.53)

Reports Q2 (Jun) earnings of $0.53 per share, $0.04 better than the Thomson Reuters consensus of $0.49; revenues rose 9.6% year/year to $74.3 mln vs the $71.3 mln consensus. Co says "We made excellent progress in the second quarter and expect this momentum to continue in the third quarter. Overall, we are optimistic about the remainder of the year."

16:11

FNF Fidelity National beats by $0.26, beats on revs (13.59 -0.20)

Reports Q2 (Jun) earnings of $0.61 per share, $0.26 better than the Thomson Reuters consensus of $0.35; revenues fell 3.8% year/year to $1.5 bln vs the $1.39 bln consensus. Co said, " During June, we began to see the effect of lower mortgage rates, as open orders per day increased 6% sequentially over May and refinance orders represented 58% of open order activity during that final month of the quarter. Open orders continued to show strength in the first half of July, with open orders per day increasing more than 18% sequentially from June, again driven by higher refinance volumes. Lower mortgage rates and increased order activity will provide momentum as we move into the third quarter."

16:10

SFG StanCorp Fin misses by $0.17 (39.48 -1.41)

Reports Q2 (Jun) earnings of $1.04 per share, $0.17 worse than the Thomson Reuters consensus of $1.21.

16:09

WERN Werner Enterprises beats by $0.04, beats on revs (23.63 -0.10)

Reports Q2 (Jun) earnings of $0.29 per share, $0.04 better than the Thomson Reuters consensus of $0.25; revenues rose 15.0% year/year to $463.5 mln vs the $452.5 mln consensus.

16:08

VTIV inVentiv Health announces stockholder approval of merger agreement with affiliates of Thomas H. Lee Partners (25.80 -0.09)

Co announced that its stockholders approved the proposal to adopt the previously announced agreement and plan of merger, dated May 6, 2010, providing for the acquisition of inVentiv Health, Inc. by inVentiv Group Holdings, Inc. (formerly Papillon Holdings, Inc.), an entity created by certain affiliates of Thomas H. Lee Partners, L.P. (THL).

16:08

UPI Uroplasty announced that it intends to offer shares of its common stock in an underwritten public offering (3.78 -0.06)

16:08

MLNX Mellanox Tech beats by $0.05, beats on revs (22.89 -0.08)

Reports Q2 (Jun) earnings of $0.29 per share, $0.05 better than the Thomson Reuters consensus of $0.24; revenues rose 57.7% year/year to $39.9 mln vs the $39.4 mln consensus.

16:08

SWI SolarWinds reports EPS in-line, misses on revs; guides Q3 EPS below consensus, revs below consensus; guides FY10 EPS below consensus, revs below consensus (16.52 -0.57)

Reports Q2 (Jun) earnings of $0.17 per share, in-line with the Thomson Reuters consensus of $0.17; revenues rose 31.5% year/year to $35.5 mln vs the $36.6 mln consensus. Co issues downside guidance for Q3, sees EPS of $0.165-$0.18 vs. $0.19 Thomson Reuters consensus; sees Q3 revs of $37-$39 mln vs. $42.49 mln Thomson Reuters consensus. Co issues downside guidance for FY10, sees EPS of $0.67-$0.70 vs. $0.73 Thomson Reuters consensus; sees FY10 revs of $146-$151 mln vs. $158.78 mln Thomson Reuters consensus.

16:08

EGO Eldorado Gold announces initial resource estimate and plans to move forward at TZ Project in Brazil (15.69 -0.23)

Co is pleased to announce a National Instrument 43-101 compliant resource estimate at its 100% owned Tocantinzinho Project in the Tapajos District of Para State in northern Brazil and Eldorado's plans to develop the Project. Highlights include: Measured and Indicated Resources of 2.1 million ounces of gold defined at TZ Project; Pre-Feasibility Study scheduled for completion during Q4, 2010, which would allow a NI 43-101 compliant reserve estimate to be declared for the first time at TZ; Permitting applications at TZ for a 4.4 million tonnes per year open pit and processing operation at an advanced stage before the Environmental Agency of Para State.

16:07

TSCO Tractor Supply beats by $0.03, reports revs in-line; reaffirms FY10 EPS guidance, revs guidance (67.27 -1.59)

Reports Q2 (Jun) earnings of $2.05 per share, $0.03 better than the Thomson Reuters consensus of $2.02; revenues rose 12.6% year/year to $1.07 bln vs the $1.06 bln consensus; comps +6.1%. Co reaffirms guidance for FY10, sees EPS of $4.00-4.10 vs. $4.07 Thomson Reuters consensus; sees FY10 revs of $3.49-3.53 bln vs. $3.53 bln Thomson Reuters consensus.

16:07

NVEC NVE Corp misses by $0.05, misses on revs (46.00 -0.02)

Reports Q1 (Jun) earnings of $0.64 per share, $0.05 worse than the Thomson Reuters consensus of $0.69; revenues rose 6.5% year/year to $7.2 mln vs the $7.7 mln consensus.

16:07

AMLN Amylin Pharms beats by $0.01, misses on revs (18.62 -0.11)

Reports Q2 (Jun) loss of $0.28 per share, $0.01 better than the Thomson Reuters consensus of ($0.29); revenues fell 17.2% year/year to $164.4 mln vs the $172.7 mln consensus. Co reports Byetta sales of $140.7 mln vs. $152.9 mln consensus.

16:07

KMP Kinder Morgan Prtnrs increases quarterly dividend to $1.09 from $1.05 (68.92 -0.08)

16:07

DOX Amdocs beats by $0.01, reports revs in-line; guides Q4 EPS in-line, revs below consensus (28.68 -0.18)

Reports Q3 (Jun) earnings of $0.58 per share, $0.01 better than the Thomson Reuters consensus of $0.57. Co issues guidance for Q4, sees EPS of 0.57-0.60 vs. $0.58 Thomson Reuters consensus; sees Q4 revs of $755-770 mln vs. $772.02 mln Thomson Reuters consensus.

16:07

SBUX Starbucks increases cash dividend by 30% to $0.13 from $0.10/share (25.19 -0.58) -Update-

16:06

DTLK Datalink reports Q2 results (3.75 -0.07)

Co reports Q2 EPS of $0.06 vs $0.06 two analyst estimate; revs $70.9 mln vs $68.99 mln two analyst estimate. The company ended the second quarter of 2010 with a backlog of $44.4 million, which is up approximately $1 million from backlog at the end of the first quarter of 2010. Co sees Q3 $0.05-0.09 vs $0.09 two analyst estimate; sees revs $68-72 mln vs $71.28 mln two analyst estimate.

16:06

SOMX Somaxon Pharma announces acceptance of Phase 3 clinical trial data for publication in sleep and sleep medicine (3.44 )

Co announced that detailed results from two Phase 3 clinical trials of the company's product Silenor (doxepin) have been accepted for publication in peer-reviewed scientific journals. The article entitled "Efficacy and Safety of Doxepin 1 mg and 3 mg in a 12-week Sleep Laboratory and Outpatient Trial of Elderly Subjects with Chronic Primary Insomnia," is currently available on-line and is expected to be published in Sleep in the next two months. Subjective efficacy assessments were made both in the sleep laboratory and on an outpatient basis.

16:05

A Agilent names Didier Hirsch Senior Vice President and CFO; Mr. Hirsch has been acting CFO since April 1, 2010 (27.58 +0.06)

16:05

TSS Total System beats by $0.02, beats on revs (14.18 -0.28)

Reports Q2 (Jun) earnings of $0.25 per share, $0.02 better than the Thomson Reuters consensus of $0.23; revenues rose 5.3% year/year to $433.7 mln vs the $425.2 mln consensus. Co said, "We continue to generate a healthy, strong cash flow, and we remain optimistic about our ability to achieve our guidance for 2010." Briefing.com note: Last quarter, the co guided as follows: Co raised guidance for FY10, sees EPS of $0.96-0.98 vs. $0.95 Thomson Reuters consensus, up from $0.95-0.97; raised FY10 revs to $1.71-1.75 bln vs. $1.63 bln Thomson Reuters consensus, up from $1.62-1.65 bln. (Current consensus for FY10 EPS is $0.97 and revs are $1.71 bln)

16:05

QCOM Qualcomm beats by $0.03, beats on revs; guides Q4 EPS in-line, revs in-line

Reports Q3 (Jun) earnings of $0.57 per share, $0.03 better than the Thomson Reuters consensus of $0.54; revenues fell 1.7% year/year to $2.71 bln vs the $2.63 bln consensus. Co issues in-line guidance for Q4, sees EPS of $0.55-0.59 vs. $0.57 Thomson Reuters consensus; sees Q4 revs of $2.67-2.93 bln vs. $2.77 bln Thomson Reuters consensus. Qualcomm guides FY10 CDMA-based device average selling price range to $184-188 vs previous guidance of approx. $182-188.

16:05

AFFX Affymetrix misses by $0.01, misses on revs (4.32 -0.05)

Reports Q2 (Jun) loss of $0.08 per share, $0.01 worse than the Thomson Reuters consensus of ($0.07); revenues fell 12.1% year/year to $71.7 mln vs the $74.8 mln consensus. Product gross margin was 57.7%, as compared to 55.5% in the same period of 2009.

16:04

HBI Hanesbrands reports EPS in-line, revs in-line; guides raises FY10 EPS & Revenue guidance (24.94 -0.09)

Reports Q2 (Jun) earnings of $0.67 per share, excluding non-recurring items, in-line with the Thomson Reuters consensus of $0.67; revenues rose 9.1% year/year to $1.08 bln vs the $1.07 bln consensus. Co issues in-line guidance for FY10, sees EPS of $2.25-2.35 vs. $2.28 Thomson Reuters consensus, $2.35, up from the previous guidance of $2.15-2.27; sees FY10 revs +8-10% vs prior guidance of +6-8%.

16:04

NFX Newfield Expl provides mid-year operational update (50.11 -1.16)

Co provided a detailed update on operations in its core operating regions. Co says investments today are focused on oil assets within the Company's portfolio. Second quarter 2010 domestic crude oil production increased 13% over the comparable quarter of 2009 and 20% compared to the first quarter of 2010. Approx 45% of the 2010 capital budget will be directed to oil investments. Newfield's second quarter 2010 total production was 73 Bcfe, an increase of 9% over the first quarter of 2010 and 13% over the comparable quarter of 2009. For the full year, Newfield maintains its previous production guidance of 283 - 288 Bcfe, an increase of at least 10% over 2009 production. As previously disclosed, Newfield's current production guidance includes 0.5 - 0.6 MMBbls of deferred Malaysian oil production associated with a damaged export pipeline.

16:04

GAM General American Investors authorized the repurchase of an additional 1 mln shares of common stock (22.17 )

Co announces the Board of Directors also authorized the repurchase of an additional 1,000,000 outstanding shares of common stock when the shares are trading at a discount from the underlying net asset value of at least 8%. This continues a repurchase program which began in March 1995.

16:04

PLXS Plexus beats by $0.02, beats on revs; guides Q4 EPS in-line, revs in-line (28.89 -0.95)

Reports Q3 (Jun) earnings of $0.59 per share, $0.02 better than the Thomson Reuters consensus of $0.57; revenues rose 41.7% year/year to $536.4 mln vs the $529.7 mln consensus. Co issues in-line guidance for Q4, sees EPS of $0.58-$0.63 vs. $0.63 Thomson Reuters consensus; sees Q4 revs of $530-$555 mln vs. $555.51 mln Thomson Reuters consensus.

16:02

MELA MELA Sciences announces FDA needs more time to arrange panel meeting to review MelaFind PMA application (6.47 -0.40)

Co announced that the FDA has informed the company that it is moving the General and Plastic Surgery Devices Panel for MelaFind(R), which was originally scheduled for August 26, 2010, to November 2010.

16:02

MCRI Monarch Casino & Resort reports EPS in-line, beats on revs (10.39 +0.06)

Reports Q2 (Jun) earnings of $0.16 per share, in-line with the Thomson Reuters consensus of $0.16; revenues rose 4.9% year/year to $36.2 mln vs the $35.5 mln consensus.

16:02

RHI Robert Half beats by $0.01, beats on revs (24.29 -0.31)

Reports Q2 (Jun) earnings of $0.08 per share, $0.01 better than the Thomson Reuters consensus of $0.07; revenues rose 2.6% year/year to $769.1 mln vs the $758.9 mln consensus.

16:02

MKSI MKS Instruments beats by $0.04, beats on revs; guides Q3 EPS in-line, revs above consensus (19.81 -0.19)

Reports Q2 (Jun) earnings of $0.66 per share, $0.04 better than the Thomson Reuters consensus of $0.62; revenues rose 191.8% year/year to $220.6 mln vs the $213.5 mln consensus. Co issues guidance for Q3, sees EPS of $0.58-0.71 vs. $0.60 Thomson Reuters consensus; sees Q3 revs of $210-230 mln vs. $209.73 mln Thomson Reuters consensus.

16:02

DOX Amdocs signs six-year managed services deal with Sensis (28.68 -0.16)

Co announced the largest Australian-owned online advertising and digital mapping business, Sensis, is using Amdocs to support and develop its customer relationship management, production and provisioning platform and other associated IT managed services.

16:02

HUBG Hub Group misses by $0.01, beats on revs (31.99 -0.78)

Reports Q2 (Jun) earnings of $0.26 per share, $0.01 worse than the Thomson Reuters consensus of $0.27; revenues rose 26.3% year/year to $458.1 mln vs the $435.4 mln consensus. "With the additional density, we have improved our drayage efficiencies and equipment utilization and look forward to meeting what we expect will be healthy demand in the second half of this year."

16:01

NTGR NETGEAR beats by $0.06, reports revs in-line; guides Q3 revs above consensus (20.20 +0.31)

Reports Q2 (Jun) earnings of $0.38 per share, $0.06 better than the Thomson Reuters consensus of $0.32; revenues rose 35.4% year/year to $195.9 mln vs the $196 mln consensus. Co issues upside guidance for Q3, sees Q3 revs of $215-225 mln vs. $214.01 mln Thomson Reuters consensus.

16:01

GLW Corning to expand clean-air auto product manufacturing in China (16.80 +0.14)

Co announced that its board of directors has approved a capital expenditure plan to increase manufacturing capacity in the company's Environmental Technologies and Life Sciences segments in the People's Republic of China. Corning will invest ~$125 mln to expand its Corning Shanghai Company Limited automotive substrate facility and ~$40 mln to build a new manufacturing and distribution facility for Corning Life Sciences in the Yangtze River Delta. Final site selection for the life sciences facility is now underway. These investments will be part of Corning's 2011 capital expenditures.

15:55

Earnings Calendar

Today after the close of the many companies scheduled to report, some of the bigger names include: DOX, AMLN, BIDU, EBAY, FFIV, ISRG, NFLX, NTGR, QCOM, SBUX, WDC, and XLNX. Tomorrow before the open, of the many companies scheduled to report, some of the bigger names include: MMM, AKNS, BBT, CAT, LLY, EXC, FITB, FLIR, KEY, MBFI, NUE, PENN, RS, PCP, SWY, STI, TZOO, TEL, UTEK, UPS, USAK, and ZMH.

15:47

Conferences and Shareholder/Analyst Meetings of Interest

Events of interest of interest for tomorrow, July 21, include: Fed/Treasury: Bernanke Monetary Policy Report Before House; Fed's Dudley.

15:24

SPY S&P 500 vacillating slightly above support zone -Update- -Technical-

Highlighted the 1065/1064 support in The Technical Take, as a third level support, with the S&P -15 holding slightly above following the recent test (session low 1065). Similar levels for the Nasdaq Comp -32 and Dow -133 were approached at 2178 and 10055, respectively, but not reached (session low 2183 and 10065).

15:01

VSAT ViaSat selected by U.S. Army to supply next generation Blue Force Tracking; contract valued at $477 mln (36.33 +2.99) -Update-

Co received a $477 mln IDIQ contract to supply the next generation of high speed, high capacity, low latency Blue Force Tracking equipment to the U.S. Army as part of the Force XXI Battle Command Brigade and Below Program. In addition to being selected as the provider for this faster and more accurate command and control satellite communication system, ViaSat also received the first delivery order for $37.7 mln to fund deliveries of first article and initial production terminals and other ground networking equipment.

14:59

TLT iShares 20+ yr Treasuries sets fresh session high of 101.70, vacillating near its 52-wk close high from late June at 101.75 (101.64 +1.31) -Update- -Technical-

The 52-wk intraday high from early in July is at 102.66.

14:54

SPY Market sees only short lived reprieve from Fed related pressure, drops to new session lows in recent trade -- Dow -144, S&P -16, Nasdaq -34 -Update- -Technical-

14:53

OCFC OceanFirst Finl announces appointment of Chief Operating Officer Vito R. Nardelli as President (11.83 -0.16)

Co, the holding company for OceanFirst Bank, announced the advancement of its succession plan appointing Vito R. Nardelli, President of the Company and the Bank. In this position, Mr. Nardelli will oversee the operations of the organizations.

14:48

COMDX CBOT Agriculture and Ethanol and ICE Exchange Sugar Closing Prices

December corn closed 6 cents lower at $3.935 per bushel, November soybeans closed higher by 5.5 cent at $9.785 per bushel, Sept wheat closed 11.25 cents lower at $5.8825 per bushel, Sept ethanol closed $0.036 lower at $1.608, October world sugar futures closed 0.19 cents higher to 17.47 cents.

14:37

COMDX NYMEX Energy Closing Prices

Sept crude oil settled lower by $1.02 to $76.56, Aug natural gas shed 8 cents to finish at $4.496, Aug RBOB gasoline ended off 1.27 cents to $2.0659 and Aug heating oil closed off 3.47 cents to $1.99.

14:16

SPY Stock indices attempting to stabilize after reaching 50% retracement of Tues-Wed rally -- Dow -87, S&P -10, Nasdaq -25 -Update- -Technical-

14:15

AAPL Apple slips to fresh gap up lows as it dips back down into the $256.00 area (255.95 +4.17) -Technical-

Stock has modest support in this vicinity, though a gap fill doesn't come into play until the $253.00 area.

14:11

DIA Stock indices break below morning lows -- Dow -56, S&P -7, Nasdaq -18 -Update- -Technical-

14:07

DIA Dow -25 decline off high reaches as much as 50 points after Fed Chair headlines, thus far holding near the morning low at 10199 -Update- -Technical-

14:05

WSH Willis Group responds to Aon's announcement that it will accept contingent commissions where 'appropriate and legally permissible' (31.79 -0.01)

Co stated "Willis now stands as the world's only insurance broker to refuse to accept contingents in its retail business...Offering opaque statements about doing what is "legally permissible," another competitor has opted to put contingents before principle."

14:02

DIA Stock indices slip back off afternoon highs on Fed Chair headlines -- Dow -13 has slipped 40 points -Technical-

14:02

Market pulls back from highs on Bernanke headlines, which economic outlook remains uncertain... Dow dips a quick 50 pts, now -23 on the day

14:01

APD Air Products signs long-term supply contract with Samsung Austin (70.73 -0.04)

Co announced it has been awarded two major contracts in support of Samsung Austin Semiconductor's expansion of its 300 mm semiconductor manufacturing facility in Austin, Tex.

14:00

ECONX Fed Chairman Bernanke' says economic outlook remains unusually uncertain -Update-</p>

Bernanke's semi-annual monetary policy report to the Senate Banking Committee beginning now.

13:43

COMDX COMEX Metals Closing Prices

August gold finished higher by 30 cents to $1192.00, Sept silver gained 11 cents to end at $17.803 and Sept copper rallied for 9.15 cents to close at $3.093.

13:18

SPDE Speedus unit Zargis awarded $120,000 U.S. Army contract (2.55 +0.37)

13:11

PRVT Private Media appoints Berth Milton as CEO (2.03 +0.03)

Co announced the appointment of Berth Milton as CEO. Mr. Milton had previously been serving as acting CEO following the departure of Ilan Bunimovitz on July 19. Berth Milton will also continue to serve as President and Chairman of the Board.

12:39

SPY Stock indices continue to tick higher off late morning pullback lows with Nasdaq -0.8 nearing unch -- Dow +17, S&P +1 -Update- -Technical-

Sectors that are displaying relative strength (outperforming the S&P) on this move include: Semi SMH, Housing XHB, Retail XRT, Finance XLF, REITs IYR, Networking, Solar TAN, Casino BJK, Disk Drive, Airline FAA.

12:34

APD Air Products responds to Airgas' (ARG) rejection of increased $63.50/share all-cash tender offer;"Airgas' recent performance does not change our view of the company's intrinsic value" (70.60 -0.17)

Co stated "Airgas' recent performance does not change our view of the company's intrinsic value. We remain confident that our all-cash offer exceeds the value Airgas could produce for shareholders in the future through execution of its current business plan even under optimistic scenarios." Air Products' tender offer is scheduled to expire on August 13, 2010.

12:31

EEFT Euronet division epay announces intergration with Radiant Systems (RADS) to offer prepaid payment services (15.15 -0.19)

12:26

MS Morgan Stanley slightly extends gap higher start to test its 200 ema at 27.85 -- session high 27.85 (27.81 +2.59) -Update- -Technical-

12:23

SPY Choppy action persists into midday with Dow +2 and S&P -1 hovering near the flat line -Update- -Technical-

Nasdaq Comp -6.8 is trading near mid-range but is slightly weaker amid some tech downticks (Semi SMH -0.8%, Disk Drive -1.8%, Computer-Hardware -1.8%, Networking -0.8%).

11:47

European Markets Closing Prices

European markets are now closed; stock markets across Europe performed as follows: UK's FTSE: +1.4% Germany's DAX: +0.3% France's CAC: +0.7% Spain's IBEX: -0.2% Portugal's PSI: -0.4%

11:40

M Macy's notches minor new session high of 18.55, testing its July peak/multi-week range top and 20 day at 18.59/18.61 (18.48 +0.06) -Technical-

11:21

CMTL Comtech Telecom receives unsuccessful offeror letter for Blue Force Tracking-2 Program (23.94 -7.36)

Co announced that its Maryland-based subsidiary, Comtech Mobile Datacom Corporation, has been advised by the U.S. Army Contracting Command-CECOM Contracting Center that it was not selected as the program manager and vendor for the Force XXI Battle Command Brigade and Below, Blue Force Tracking 2 program. The Contracting Center also advised Comtech that an award was made to a third-party vendor based on a total evaluated price of $249.9 million which is ~50% lower than the total evaluated price of Comtech's BFT-2 proposal.

11:14

TECHX Relative Sector Weakness -Update- -Technical-

Sectors underperforming the S&P on the recent slide include: Finance XLF / RKH, Energy XLE / OIH, Housing XHB, Retail XRT, Materials XLB, Airline FAA, REITs IYR, Coal KOL, Solar TAN, Steel SLX, Disk Drive.

11:10

SPY S&P -3.9 and Dow -19 extend slip off early high -- Nasdaq Comp -15 -Update- -Technical-

The market averages stalled on the opening bar (5 min) and quickly slipped back after a retest of their 50 day averages (XLF probed its 50 day, XLB its 200 ema and SMH its early week high). Overall pressure has remained limited but the S&P has edged to a new low in recent trade

10:47

XLE Minor new session lows in Energy XLE / OIH -Technical-

10:31

OIH Crude oil ticks into negative territory following inventory data; now off 16 cents to $77.42

10:24

TECHX Currency Chart Watch -Update- -Technical-

The Euro and Euro/Yen continue to struggle near resistances noted previously with some further backtracking this morning. The Dollar Index tested a support zone over the last few sessions with it ticking modestly higher.

10:20

KO Coca-Cola firmly higher after reporting (54.43 +1.19) -Update- -Technical-

Strong follow through after yesterday's bounce near its 50 day average in the wake of its earnings report. Currently it is vacillating near its 200 sma and the 50% retracement of the Dec 2009 to July 2010 decline at 54.38/54.46

10:05

TECHX Opening Point Gainers/Losers -Technical-

Point Gainers: AAPL (+7.55), CYT (+6.63), ETN (+2.61), FCX (+2.50), WLT (+2.60), MS (+2.22), SWK (+1.88), CLF (+1.93), AME (+1.75)

Point Losers: BLK (-6.75), HBHC (-4.86), SYK (-3.50), GCA (-2.93), DGX (-2.83), WHR (-2.69), CERN (-2.52), SRCL (-2.29), CMG (-2.27)

10:03

COMDX Crude oil gives up earlier gains to trade back towards the flat line; now higher by 26 cents to $77.84

10:01

WPZ Williams Partners & Florida Gas Transmission receive FERC approval to connect with Gulf LNG Import Terminal (46.48 -0.27)

The co and Florida Gas Transmission (FGT) announced that the Federal Energy Regulatory Commission (FERC) has approved a proposal to connect the existing Transco and FGT natural gas pipeline systems with the new Gulf LNG Clean Energy import terminal being developed near Pascagoula, Miss. The $59 million pipeline project will have the capacity to transport approximately 810,000 dekatherms of natural gas per day by its in-service date in the fall of 2011. Construction is scheduled to begin in April 2011.

10:00

SPIR Spire received a grant to develop a microcrack detection system for solar cells and wafers from DoE (3.72 +0.14)

10:00

MAGS Magal Security responds to letter received from dissident shareholders; Board found that the offers made by Mr. Kirsh, Plenus Fund and OPTEX, to be non-comparable (2.74 0.00)

Co's Board of Directors met today to consider the letter it received from the dissident shareholders that represent 17.8% of the company's shareholders. The Board found that the offers made by Mr. Kirsh, Plenus Fund and OPTEX, a Japanese company, to be non-comparable, as the OPTEX proposal was condition at on the replacement of the majority of the company's Board of Directors, while the Plenus proposal required a formal application to Plenus in order to negotiate all terms and conditions. As a result, Mr. Kirsh's proposal, as previously approved by the Board, which is unconditional and only subject to shareholder approval, is the only proposal which will be presented at the extraordinary general meeting called for August 12, 2010.

09:55

RAH Ralcorp Holdings announced that it intends to offer $450 mln of its notes in an underwritten public offering (55.47 +0.05)

09:52

SPDE Speedus announces Hye Mar Holdings signs letter of intent to acquire stake in Speedus Corp. (2.18 0.00) -Update-

Co entered into a Letter of Intent with Dubai-based Hye Mar Holdings for an equity investment into Speedus of $4.0 mln. Under the terms set forth in the Agreement, HMH has the right to purchase non-voting Series A Convertible Preferred Stock, which is convertible into ~1.84 mln newly-issued common shares in Speedus with a fixed, non-adjustable conversion price of $2.17 per share. The Agreement also provides for HMH to obtain exclusive distribution rights in the Middle East and North Africa for certain products manufactured by Speedus subsidiaries Zargis Medical and Density Dynamics. (stock is halted)

09:51

XLB Materials SPDR is the top performing economic sector with it thus far this morning pausing at its 200 ema at 31.23 -- session high 31.23 (30.98 +0.22) -Technical-

AA, DOW, DD, IP, MON, NEM, NUE, PX, WY, FCX, APD, PPG.

09:48

SPY S&P 500 -0.3 and Dow -3.8 join Nasdaq Comp -8.4 in the red -Update- -Technical-

09:41

QQQQ NASDAQ Comp -4.3 back in the red after pausing near its 50 ema/sma at 2237/2242 -- session high 2236 -Technical-

Noted the upticks and reversal in the SMH in an earlier update and this, along with the technical pressure (3.5% run off yesterday's low to resistance) has led to the minor pullback.

09:41

SPDE Speedus halt, news pending (2.18 0.00)

09:40

BA Boeing announced that AMR (AMR) subsidiary American Airlines has exercised options for an additional 35 Next-Generation 737-800s (64.31 +0.43)

Co and American Airlines, a wholly-owned subsidiary of AMR, announced the airline has exercised options for an additional 35 Next-Generation 737-800s. The order is part of American Airlines' ongoing fleet renewal plan, replacing its MD-80s.

09:39

XLF Financial Select Sector gaps up near its 50 sma at 14.55 and slips back -- session high 14.53 (14.41 +0.14) -Technical-

09:38

SPY S&P 500 gaps mildly higher, vacillating between its 50 sma/ema at 1087-1091 -- session high 1088.96 -Technical-

09:35

SMH Semiconductor Hldrs approaches early week high at 28.20 and then slips back into the red -- session high 28.15 (27.89 -0.10) -Update- -Technical-

09:34

OIH Oil Service HOLDRS hovering near its June peak at 107.02 (107.00 +0.63) -Technical-

09:31

CALL VocalTec announces authorization of $12 mln stock buyback and announces Q2 guidance (no ests) (14.11 -0.14)

Co announces that its Board of Directors has authorized a stock repurchase program that enables the co to purchase up to $12 ln of its common stock through the next 12 months. Stock purchased under the program would be acquired with positive cash flow from operations and $40 million in cash and securities on hand. Co also annoucnes Q2 guidance; Q2 net income may be above $3mln, ex-items; with revs of ~$30.5 mln.

09:25

On the Wires

G. Willi-Food International Ltd. (WILC) announced that Zwi Williger, the Company's President and COO, increased his holdings in the Company. Mr. Williger reported to the Company that he recently increased his holdings in the Company by 138,100 shares at $6 per share, from 559,519 shares (4.12% of the Company's outstanding shares) to 697,619 (5.14% of the Company's outstanding shares)...SRS Labs (SRSL) partnered with leading technology company, Hitachi (HIT) Asia Ltd (Singapore), to implement SRS TruSurround XT within the new Hitachi LED- LCD TV Series.

09:22

VTG Vantage Drilling announces agreement to manage the construction and marketing of the Dalian Developer (1.09 )

Co announced that it has signed a definitive agreement to supervise and manage the construction and marketing of the Ultra-deepwater Drillship/FPSO, the "Dalian Developer" (previously known as MPF-01).

09:21

CXDC China XD Plastics signs exclusive product development agreement with Hafei Dongyang (6.50 )

Co announced that as part of an exclusive product development agreement, it has delivered to Hafei Dongyang ("HD"), one of the leading automotive parts suppliers in Northeast China, three tons of specialized plastic compounds to be used in the battery casing during a pilot production for electric vehicles. In addition, China XD Plastics will have the opportunity to receive additional exclusive product development rights for a period of five years upon the successful design of new specialized plastic products to be used in HD's plastics parts in electric vehicles.

09:10

On the Wires

Radient Pharmaceuticals (RPC) announced it has entered into an exclusive distribution agreement with AMDL Australia Pty Ltd. to market and commercialize RPC's Onko-Sure in vitro diagnostic cancer test in Australia and New Zealand...Borders (BGP) announced the launch of its new "Borders Textbook Marketplace" at borders.com/textbooks. The marketplace features more than 1.4 mln titles including a large selection of used textbooks at savings of up to 90%. In addition to saving on their purchases, students can also earn extra cash by utilizing the site's used textbook buyback option.

09:08

PRIM Primoris Services announces $99.2 million power contract (6.25 )

09:08

AMR AMR Corp: CFO Tom Horton promoted to President (6.85 ) -Update-

Tom Horton, previously Executive Vice President of Finance and Planning and Chief Financial Officer, has been promoted to the position of President - AMR and American Airlines, and will continue to report directly to AMR Chairman and Chief Executive Officer Gerard Arpey.

09:05

S&P futures vs fair value: +6.80. Nasdaq futures vs fair value: +17.80.

Oil prices are up 1.1% to $78.45 per barrel in the first few minutes of pit trade. The advance comes ahead of the commodity's latest weekly inventory count, which is scheduled for release at 10:30 AM ET. The consensus estimate calls for a draw of 1.2 million barrels. In other action, gold prices are trading along just above the neutral line at $1194 per ounce and silver prices are up a sharp 0.9% to $17.85 per ounce.

09:04

KNX Knight Transportation beats by $0.01, beats on revs (21.65 )

Reports Q2 (Jun) earnings of $0.19 per share, $0.01 better than the Thomson Reuters consensus of $0.18; revenues rose 14.4% year/year to $185.4 mln vs the $182.1 mln consensus. "Many of the truckload markets we serve experienced capacity constraints. Our diversified service offering was able to provide solutions for our customers that address the changes that come with the tightening of truckload capacity. As a result of demand outpacing available capacity, we experienced improvement in revenue per mile, miles per truck, and average length of haul while decreasing non-paid empty miles."

09:03

AMR AMR Corp misses by $0.02, reports revs in-line (6.85 )

Reports Q2 (Jun) loss of $0.03 per share, $0.02 worse than the Thomson Reuters consensus of ($0.01); revenues rose 16.1% year/year to $5.67 bln vs the $5.69 bln consensus.

09:03

ONXX Onyx Pharma initiates a Phase 3 Carfilzomib combination trial in Relapsed Multiple Myeloma (20.79 )

Co announces that it has begun enrollment in the ASPIRE trial, a Phase 3 international clinical trial evaluating carfilzomib in combination with lenalidomide (Revlimid) and low dose dexamethasone in patients with relapsed multiple myeloma. The company has an agreement with the U.S. Food and Drug Administration on a Special Protocol Assessment and received Scientific Advice from the European Medicines Agency on the design and planned analysis of the ASPIRE trial.

09:02

AVD American Vanguard acquires cotton defoliant from Bayer CropScience; terms not disclosed (8.35 )

09:01

FSI Flexible Solutions announces a production delay at the New Taber, Alberta Facility (1.54 )

Co announces a production delay from the new aspartic acid facility in Taber, Alberta. FSI announces that aspartic acid production from the Taber plant in Alberta will be delayed by 3 to 5 months. Which will slow down our planned introduction of bio-sourced TPA and the major growth that the new product promises.

09:00

BSDM BSD Medical provides information requested by FDA for the MicroThermX Ablation System 510(k) Submission (1.02 )

The clearance from the FDA of the 510(k) submission will authorize commercial distribution of the MTX-180 in the United States and allow the Company to provide an optimized system targeted to the growing therapeutic interventional oncology market. The interventional oncology worldwide market for 2009 was estimated at $210 million, and this market is projected to grow to $480 million by 2015.

08:57

WYN Wyndham Worldwide reaches agreement with IRS settling legacy tax issues; will realize an approximate $40 million benefit to its net income in Q3 (21.29 )

Co announced that it has reached an agreement, along with its former parent, Cendant Corporation, with the IRS that resolves and pays certain contingent and deferred tax liabilities relating to the audit of the federal income tax returns for Cendant's taxable years 2003 through 2006, during which time Wyndham Worldwide was included in Cendant's tax returns. As of June 30, 2010, co's accrual for outstanding Cendant contingent tax liabilities was $274 mln, of which $185 mln was related to the audit. Co expects to pay ~$145 mln during Q3 2010. As a result of this agreement, in Q3 2010, Wyndham Worldwide will realize an ~$40 mln benefit to its net income, reflecting reversals of previously recorded legacy contingent tax liability accruals.

08:51

MO Altria Revenue Correction (21.52 ) -Update-

Earlier we incorrectly reported the Q2 revenue figure. Net revs - Excise taxes = $4.34 bln vs. the $4.36 bln consensus... The comment should have read: Reports Q2 (Jun) earnings of $0.50 per share, ex-items, in-line with the Thomson Reuters consensus of $0.50; revenues, net of excise tax, fell 5.5% YoY to $4.34 bln vs the $4.36 bln consensus. Co raises guidance for FY10, sees EPS of $1.87-1.91, ex-items, vs. $1.88 Thomson Reuters consensus, up from $1.85-1.89. The previous comment has been removed.

08:51

AMAT Applied Materials follow up on Energy and Environmental Solutions segment restructuring; co's revised earnings tgt at high end of prior tgt (12.34 ) -Update-

Co announced plans to restructure its Energy and Environmental Solutions segment to put a primary emphasis on opportunities in crystalline silicon (c-Si) solar and advanced energy, including light emitting diode (LED) technology. Upon completion of the restructuring plan, annual operating expenses are expected to decrease by at least $100 million on an annualized basis. The restructuring plan is intended to make EES a profitable segment in fiscal year 2011. The cost of implementing the EES restructuring plan is expected to be in the range of approximately $375 million to $425 million, or $0.18 to $0.21 per share, which will be reported as cost of products sold and restructuring and asset impairments in the company's consolidated statements of operations for the third quarter of fiscal 2010. In May, the company announced its target for non-GAAP EPS for the third quarter of fiscal 2010 of between $0.22 and $0.26 per share, which did not include any potential restructuring charges. The revised target is for non-GAAP earnings of $0.10 to $0.14 per share, which would have been at the high end of the previous target after taking into account the approximately $0.14 per share impact of the inventory charges and other obligations related to today's actions. (Briefing.com note: Prior consensus was for $0.24)

08:45

ARG Airgas Board of Directors rejects revised unsolicited tender offer from Air Products; (65.11 ) -Update-

Co announces that its Board of Directors, after careful consideration with its independent financial and legal advisors, voted unanimously to reject the revised unsolicited tender offer from Air Products & Chemicals (APD) to acquire all outstanding common shares of Airgas at a price of $63.50 per share in cash. The Board unanimously recommends that Airgas stockholders not tender their shares into Air Products' offer.

08:36

LCC US Airways beats by $0.16, reports revs in-line (8.92 )

Reports Q2 (Jun) earnings of $1.34 per share, $0.16 better than the Thomson Reuters consensus of $1.18; revenues rose 19.3% year/year to $3.17 bln vs the $3.15 bln consensus. LCC expects to report a profit for Q3 and full year 2010.

08:34

On the Wires

Stepan (SCL) announced that it has increased its ownership in its Philippine joint venture, Stepan Philippines, from 50% to 88.8%...New Generation Biofuels (NGBF) announced that it has filed for a patent application for their new pyrolysis oil based biofuels... Cadence Design Systems (CDNS) collaborating with ARM to develop an optimized System Realization solution for ARM processors that will enable an end-to-end flow.

08:34

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