Archive for the ‘Technical Analysis’ Category

16:53 SIMG Silicon Image announces that its Board of Directors has authorized an accelerated stock repurchase program for the repurchase of $62 mln (4.19 +0.00) -Update-

16:52 ARUN Aruba Networks resumes trading (6.00 -0.33) -Update-

16:52 LIFC LifeCell revises FY07 EPS in-line (39.14 +0.30)

Co announced revised preliminary FY07 diluted net income per share due to the final settlement of a claim that arose in 2007. The claim, which was not product related, is expected to reduce diluted net income per share by approximately $0.03. Co says, “Although the final resolution of the claim occurred in 2008, since the Co’s 2007 financial statements were not yet filed with the Securities and Exchange Commission, we are required to report the amount as a Q4 2007 item.” Co revises FY07 EPS; co sees $0.80-0.82, excluding the $0.03 charge, vs $0.82 consensus.
16:51 SIMG Silicon Image beats by $0.03, beats on revs; guides Q1 revs below consensus; guides FY08 revs below consensus (4.19 +0.00)

Reports Q4 (Dec) earnings of $0.11 per share, $0.03 better than the First Call consensus of $0.08; revenues fell 1.9% year/year to $85.3 mln vs the $77.9 mln consensus. Co issues downside guidance for Q1, sees Q1 revs of $61-63 mln vs. $69.24 mln consensus. Co issues downside guidance for FY08, sees FY08 revs of $270-290 mln vs. $308.58 mln consensus.
16:49 EPIC Epicor Software reports EPS in-line, beats on revs; guides Q1 EPS below consensus, revs above consensus; guides FY08 EPS above consensus, revs above consensus (11.66 +0.23)

Reports Q4 (Dec) earnings of $0.27 per share, excluding non-recurring items, in-line with the First Call consensus of $0.27; revenues rose 14.7% year/year to $119.7 mln vs the $115.6 mln consensus. Co issues mixed guidance for Q1, sees EPS of $0.16-0.17, excluding non-recurring items, vs. $0.20 consensus; sees Q1 revs of $112-115 mln vs. $108.63 mln consensus. Co issues upside guidance for FY08, sees EPS of $1.02-1.06, excluding non-recurring items, vs. $0.98 consensus; sees FY08 revs of $545-555 mln vs. $467.64 mln consensus.
16:49 SIMG sees FY08 revs $270-290 mln vs $308.58 mln First Call consensus

16:49 CF CF Industries beats by $0.56, beats on revs (106.61 -1.04)

Reports Q4 (Dec) earnings of $2.22 per share, excluding non-recurring items, $0.55 better than the First Call consensus of $1.67; revenues rose 61.9% year/year to $852.5 mln vs the $796.4 mln consensus. Co gives outlook: “Looking to the spring planting season, the fundamentals that drove our strong 2007 performance look even better for the farm economy and the company in 2008. Prices for most major crops remain at record or near-record levels, providing an incentive for farmers to maximize planted acreage and to optimize fertilizer application this spring. And despite today’s high fertilizer prices, these crop prices clearly should support excellent farm economics in 2008, coming on the heels of 2007’s record farm income. Looking ahead to the first half of 2008, questions remain regarding corn acreage, sulfur cost, and the strength of the general economy. However, taken against the backdrop of low grain stocks worldwide, high grain prices, record farm economics, and robust global markets for nitrogen and phosphate fertilizers, we’re looking at the first half of 2008 with excitement and optimism. We’re well positioned to serve our customers in this strong agricultural market.”
16:49 SIMG sees Q1 revs $61-63 mln vs $69.24 mln First Call consensus

16:48 OMTR Omniture misses by $0.01, beats on revs; guides Q1 and FY08 (23.60 -2.13)

Reports Q4 (Dec) earnings of $0.07 per share, $0.01 worse than the First Call consensus of $0.08; revenues rose 83.7% year/year to $43.1 mln vs the $41.6 mln consensus. Co issues mixed guidance for Q1, sees EPS of $0.08-$0.09 vs. $0.08 consensus; sees Q1 revs of $68-$70 mln, includes recent acquisition, may note be comparable to $47.90 mln consensus. Co issues mixed guidance for FY08, sees EPS of $0.40-$0.44 vs. $0.43 consensus; sees FY08 revs of $305-$310 includes recent acquisition, may note be comparable to $228.63 mln consensus.
16:48 SIMG prelim $0.11 vs $0.08 First Call consensus; revs $85.3 mln vs $77.94 mln First Call consensus

16:48 Senate’s Dodd to meet NY’s insurance commissioner Dinallo on Feb 14 regarding bond insurers – Bloomberg

ABK, MBI
16:47 CHRD Chordiant Sftwr beats by $0.04, beats on revs; guides FY08 EPS below consensus, revs below consensus (7.08 -0.09)

Reports Q1 (Dec) earnings of $0.05 per share, excluding non-recurring items, $0.04 better than the First Call consensus of $0.01; revenues rose 27.1% year/year to $29.1 mln vs the $28.3 mln consensus. Co issues downside guidance for FY08, sees EPS of $0.40-0.58, excluding non-recurring items, vs. $0.71 consensus; sees FY08 revs of $127-137 mln vs. $145.86 mln consensus; co sees total bookings of $140-150 mln.
16:47 NMSS NMS Comms beats by $0.01, beats on revs; guides Q1 revs below consensus (1.41 -0.06)

Reports Q4 (Dec) earnings of $0.02 per share, excluding non-recurring items, $0.01 better than the First Call consensus of $0.01; revenues rose 8.1% year/year to $22.6 mln vs the $22.1 mln consensus. Co issues downside guidance for Q1, sees Q1 revs down 10-15% sequentially, or roughly $19.2-20.3 mln vs. $21.25 mln consensus.
16:45 AYE Allegheny Energy beats by $0.17, misses on revs (53.46 -1.62)

Reports Q4 (Dec) earnings of $0.65 per share, $0.17 better than the First Call consensus of $0.48; revenues rose 6.7% year/year to $786.3 mln vs the $939.4 mln consensus.
16:43 ITMN InterMune beats by $0.07, reports revs in-line (16.38 +0.16)

Reports Q4 (Dec) loss of $0.66 per share, $0.07 better than the First Call consensus of ($0.73); revenues fell 51.5% year/year to $9.6 mln vs the $9.7 mln consensus. The co provided its forward-looking guidance with respect to operating expenses in 2008. For the year ending December 31, 2008, R&D expense is anticipated to be similar to 2007 in a range of approx $100 to $110 mln, net of development cost reimbursements under the Roche collaboration. G&A expense is anticipated to be in a range of approx $25 to $30 mln.
16:43 CMO Capstead Mortgage reports Q4 EPS above consensus (15.84 +0.04)

Co reports Q4 EPS of $0.31 vs $0.26 First Call consensus. “With the action taken by the Federal Reserve last week to reduce its federal funds target rate by an additional 50 basis points, the target rate now stands at 3.00%, down 225 basis points from late last summer and down 125 basis points since year-end. As a result, our borrowing rates are declining rapidly and we are enjoying expanding financing spreads and net interest margins on our core portfolio of agency-guaranteed residential ARM securities. Recent results have also benefited from favorable mortgage prepayment experience reflecting national trends toward declining home values and tighter mortgage loan underwriting standards… we are confident that our core investment strategy of conservatively managing a leveraged portfolio of agency-guaranteed residential ARM securities can produce attractive risk-adjusted returns over the long term while reducing but not eliminating sensitivity to changes in interest rates. In the near term we intend to focus our efforts on growing our core residential ARM securities portfolio with the expectation of earning attractive returns on these assets in the coming quarters.”
16:42 TKLC TEKELEC beats by $0.03, reports revs in-line (12.19 +0.33)

Reports Q4 (Dec) earnings of $0.21 per share, $0.03 better than the First Call consensus of $0.18; revenues fell 7.9% year/year to $115.2 mln vs the $114.9 mln consensus. The book-to-bill ratio was 1.62 for the fourth quarter of 2007. “2007 was a year of tremendous progress for Tekelec and the results are reflected in the financial results announced today. We were very pleased with our operating results, our record order entry and strong book-to-bill ratio in the fourth quarter. We believe our accomplishments in 2007 have positioned us for solid operating results in 2008.”
16:41 CSTR Coinstar beats by $0.02, misses on revs; guides Q1 revs in-line; guides FY08 revs in-line (29.06 -0.49)

Reports Q4 (Dec) earnings of $0.20 per share, excluding certain non-recurring items, $0.02 better than the First Call consensus of $0.18; revenues fell 3.5% year/year to $133.3 mln vs the $141.2 mln consensus. Co issues guidance for Q1, sees EPS of $0.01-0.08, may not be comparable to $0.16 consensus; sees Q1 revs of $175-190 mln vs. $138.10 mln consensus. Co issues guidance for FY08, sees EPS of $0.47-0.67, may not be comparable to $0.85 consensus; sees FY08 revs of $800-875 mln vs. $602.71 mln consensus.
16:41 CF prelim $2.23 vs $1.67 First Call consensus; revs $852.5 mln vs $796.40 mln First Call consensus

16:40 SCOR ComScore reports Q4 (Dec) results, revs in-line; guides Q1 revs in-line; guides FY08 revs in-line (27.45 +1.70)

Reports Q4 (Dec) non-GAAP earnings of $0.21 per share, GAAP earnings of $0.42, may not be comparable to the First Call consensus of $0.19; revenues rose 39.0% year/year to $25.3 mln vs the $25.2 mln consensus. Co issues guidance for Q1, sees GAAP EPS of $0.06-0.08, sees non-GAAP EPS of $0.10-0.11, may not be comparable to $0.16 consensus; sees Q1 revs of $25.9-26.2 mln vs. $25.38 mln consensus. Co issues guidance for FY08, sees GAAP EPS of $0.35-0.38, sees non-GAAP EPS of $0.55-0.58, may not be comparable to $0.79 consensus; sees FY08 revs of $112.2-113.2 mln vs. $112.63 mln consensus.
16:40 CMD Criticare Systems reports Q2 EPS of $0.08 vs $0.04 single analyst est; revs rose 20.8% YoY to $10.2 mln vs $9.50 mln single analyst est (3.55 +0.08)

16:39 TSYS TeleComm Sys reports Q4 results; misses on revs (3.84 -0.03)

Reports Q4 (Dec) GAAP earnings of $0.06 per share, may not compare to the First Call consensus of $0.12; revenues rose 22% year/year to $37.1 mln vs the $40.22 mln consensus.
16:38 BMC BMC Software beats by $0.07, beats on revs; guides Q4 EPS in-line, revs above consensus; guides FY08 EPS above consensus (33.25 +0.69)

Reports Q3 (Dec) earnings of $0.57 per share, excluding non-recurring items, $0.07 better than the First Call consensus of $0.50; revenues rose 11.2% year/year to $459 mln vs the $440.8 mln consensus. Co issues in-line EPS guidance for Q4, sees EPS of $0.48-0.52, excluding non-recurring items, vs. $0.49 consensus; sees Q4 revs of $450-465 mln vs. $447.99 mln consensus. Co issues upside EPS guidance for FY08, sees EPS of $1.90-1.94, excluding non-recurring items, vs. $1.83 consensus.
16:38 ARUN Aruba Networks guides lower; stock halted (7.72 -0.37) -Update-

Co expects to report Q2 (Jan) revenue of $40-41 mln vs First Call consensus of $51.5 mln. Co expects non-GAAP EPS of approximately break-even vs consensus of $0.05. Co says that during Q2, it experienced a significant decrease in revenues in the Federal vertical in conjunction with the delay in the approval of the Federal budget…. co believes its Federal business will pick up in 2H08 (fiscal). While the softness in the Federal vertical had the biggest single impact on the revenue shortfall, co says it has also experienced an elongated sales cycle at some of its customers. Additionally, its transition to a two-tier distribution system is taking longer than anticipated.
16:38 SCOR sees Q1 $0.06-0.08 may not compare to $0.16 First Call consensus; sees revs $25.9-26.2 mln vs $25.38 mln First Call consensus

16:37 SCOR sees FY08 $0.35-0.38 may not compare to $0.79 First Call consensus; sees revs $112.2-113.2 mln vs $112.63 mln First Call consensus

16:37 LTRX Lantronix reports Q2 EPS of $0.02, up from break even a year ago; revs rose 3.3% to $15.3 mln (0.87 )

Co reports Q2 EPS of $0.02, up from break even a year ago; revs rose 3.3% to $15.3 mln. For Q3, so sees revs of $14.3-$14.7 mln; sees EPS of ($0.01) to $0.00/
16:37 AOC Aon beats by $0.03, misses on revs (43.01 +0.15)

Reports Q4 (Dec) earnings of $0.69 per share, excluding non-recurring items, $0.03 better than the First Call consensus of $0.66; revenues rose 8.0% year/year to $2.03 bln vs the $2.13 bln consensus.
16:37 US Senate votes in favor of amended Economic Stimulus Plan; Senate expected to send amended plan to house for final vote – DJ

DJ reports the U.S. Senate voted in favor of an economic stimulus plan worth roughly $166 bln through 2009. A final vote sending the measure to the House for its final approval was expected shortly. The bill includes rebate checks worth up to $600 for workers, more for families with children, and tax incentives for businesses purchasing equipment before the end of the year. The plan is roughly $5 bln larger than the version originally approved by the House. The Senate expanded the measure to make rebate checks worth $300 available to seniors living off of Social Security benefits and disabled veterans.
16:37 SCOR prelim $0.21 may not compare to $0.19 First Call consensus; revs $25.3 mln vs $25.18 mln First Call consensus

16:36 TSTR TerreStar trading halted (4.52 +0.20) -Update-

16:36 ESE Esco Tech beats by $0.03, misses on revs; guides FY09 EPS below consensus, revs below consensus (36.30 -1.14)

Reports Q1 (Dec) earnings of $0.41 per share, excluding non-recurring items, $0.03 better than the First Call consensus of $0.38; revenues rose 67.5% year/year to $135 mln vs the $143.8 mln consensus. Co issues downside guidance for FY09, sees EPS of $2.22-2.32 vs. $2.35 consensus; sees FY09 revs of $620-625 mln vs. $718.58 mln consensus.
16:36 ADAT Authentidate Holding reports Q2 EPS of ($0.16) vs($0.11) in yr ago period; reports revs up 66% to $1.66 mln (0.47 -0.00)

16:36 OTEX Open Text beats by $0.02, beats on revs (31.50 -0.20)

Reports Q2 (Dec) earnings of $0.50 per share, $0.02 better than the First Call consensus of $0.48; revenues rose 11.8% year/year to $182.5 mln vs the $173.6 mln consensus.
16:35 EQ Embarq beats by $0.12, reports revs in-line (44.31 -0.04)

Reports Q4 (Dec) earnings of $1.23 per share, including a benefit of $0.18 from a lower than normal effective tax rate, $0.12 better than the First Call consensus of $1.11; revenues fell 2.5% year/year to $1.58 bln vs the $1.59 bln consensus.
16:35 CHRD Chordiant Sftwr resumes trading (6.74 -0.09)

16:34 PWER Power-One misses by $0.03, reports revs in-line; guides Q1 EPS below consensus, revs in-line (2.13 -0.03)

Reports Q4 (Dec) loss of $0.07 per share, $0.03 worse than the First Call consensus of ($0.04); revenues rose 13.9% year/year to $132.3 mln vs the $132.9 mln consensus. Co issues mixed guidance for Q1, sees EPS of ($0.04)-($0.07) vs. $0.02 consensus; sees Q1 revs of $130-135 mln vs. $133.00 mln consensus.
16:34 AEIS Advanced Energy beats by a penny, misses on revs; issues downside guidance for Q1 (11.28 +0.21) -Update-

Reports Q4 (Dec) earnings of $0.09 per share, $0.01 better than the First Call consensus of $0.08; revenues fell 19.8% year/year to $83.8 mln vs the $85.6 mln consensus. Co issues downside guidance for Q1, sees EPS of $0.07-$0.11 vs $0.17 consensus; sees Q1 revs of $82-88 mln vs. $89.38 mln consensus.
16:33 HAYN Haynes Intl reports Q1 EPS of $1.16 vs $1.18 single estimate; reports revs up 21.3% to $146.1 mln vs $153.9 mln single estimate (48.85 +0.31)

Co sees Y08 revs higher yr/yr with improving gross marings.
16:32 ROLL RBC Bearings misses by $0.01, misses on revs; guides Q4 revs in-line (31.72 +0.43)

Reports Q3 (Dec) earnings of $0.44 per share, $0.01 worse than the First Call consensus of $0.45; revenues rose 5.1% year/year to $80.4 mln vs the $81.7 mln consensus. Co issues in-line guidance for Q4, sees Q4 revs of $88-92 mln vs. $90.23 mln consensus.
16:32 TTMI TTM Tech beats by $0.01, reports revs in-line; guides Q1 EPS in-line, revs in-line (9.77 -0.04)

Reports Q4 (Dec) earnings of $0.22 per share, excluding $0.06 tax gain, $0.01 better than the First Call consensus of $0.21; revenues rose 16.2% year/year to $167.5 mln vs the $168.9 mln consensus. Co issues in-line guidance for Q1, sees EPS of $0.20-0.25 vs. $0.21 consensus; sees Q1 revs of $168-176 mln vs. $168.52 mln consensus.
16:32 ALNY Alnylam Pharmaceuticals beats by $0.26, reports revs in-line (30.33 +0.12)

Reports Q4 (Dec) earnings of $0.04 per share, $0.26 better than the First Call consensus of ($0.22); revenues rose 160.0% year/year to $18.2 mln vs the $18.3 mln consensus.
16:32 VITL Vital Signs beats by $0.02, beats on revs; reaffirms FY08 EPS guidance (47.84 +0.33)

Reports Q1 (Dec) earnings of $0.60 per share, $0.02 better than the First Call consensus of $0.58; revenues rose 12.1% year/year to $53.5 mln vs the $51.1 mln consensus. Co reaffirms guidance for FY08, sees EPS of $2.80-$2.85 vs. $2.81 consensus.
16:31 DSCP Datascope reports Q2 EPS of $0.46, ex-items, vs $0.43 in yr ago period; reports revs up 8% yr/yr to $103.4 mln (33.90 -0.33)

16:31 RNWK RealNetworks reports Q4 (Dec) results, beats on revs; guides Q1 EPS in-line, revs below consensus; guides FY08 revs below consensus (6.00 +0.15)

Reports Q4 (Dec) earnings of $0.02 per share, includes items and stock based comp may not be comparable to the First Call consensus of $0.01; revenues rose 24.9% year/year to $156.9 mln vs the $155.3 mln consensus. Co issues mixed guidance for Q1, sees EPS of ($0.08)-$0.02 vs. ($0.01) consensus; sees Q1 revs of $139-143 mln vs. $151.71 mln consensus. Co issues guidance for FY08, sees EPS of ($0.09) -($0.04), inclusdes items may not be comparable to $0.10 consensus; sees FY08 revs of $612-632 mln vs. $642.34 mln consensus.
16:31 ROLL sees Q4 revs $88-92 mln vs $90.23 mln First Call consensus

16:30 TSTR TerreStar announces a strategic investment by EchoStar, Harbinger & other investors of $300 million (4.52 +0.20)

The co announces that EchoStar Corporation (SATS), Harbinger Capital Partners Master Fund I, Ltd. and Harbinger Capital Partners Special Situations Fund LP and other investors have entered into a series of separate agreements constituting a commitment of $300 mln in investments in TerreStar – with $200 million made available today at closing and the balance dedicated to funding the TerreStar-2 satellite. As part of these transactions, TerreStar Corporation will also obtain an enhanced nationwide spectrum footprint through separate rights to certain 1.4 GHz spectrum currently held by EchoStar and Harbinger… As a result of this transaction, both the Boards of Directors of TerreStar Corporation and TerreStar Networks Inc. will expand to eight members with EchoStar and Harbinger each having the right to nominate two members to each board… The investment by EchoStar consists of the purchase of $50 mln of Exchangeable Notes issued by TerreStar. The notes are exchangeable for TerreStar Corporation’s Common Stock based on a conversion price of $5.57 per share… The investment by Harbinger consists of the purchase of $50 million of Exchangeable Notes issued by TerreStar. The notes are exchangeable for TerreStar Corporation’s junior participating preferred stock, which in turn, subject to certain conditions, is convertible into common stock, at a conversion price of $5.57 per share.
16:30 ROLL prelim $0.44 vs $0.45 First Call consensus; revs $80.4 mln vs $81.67 mln First Call consensus

16:29 IOSP Innospec reports Q4 results, beats on revs (16.64 +1.29)

Reports Q4 (Dec) earnings of $0.45 per share, including restructuring and non-cash charges, may not be comparable to the First Call consensus of $0.28; revenues rose 19% year/year to $172.7 mln vs the $145.10 mln consensus.
16:29 BBND Bigband Networks beats by $0.01, beats on revs; guides Q1 EPS above consensus, revs above consensus (6.22 +0.08)

Reports Q4 (Dec) loss of $0.12 per share, excluding non-recurring items, $0.01 better than the First Call consensus of ($0.13); revenues fell 51.3% year/year to $30.7 mln vs the $30 mln consensus. Co issues upside guidance for Q1, sees EPS of ($0.02)-($0.05), excluding non-recurring items, vs. ($0.08) consensus; sees Q1 revs of $35-39 mln vs. $33.48 mln consensus.
16:29 GNW Genworth Financial reports Q4 results above consensus; sees 2008 at lower end of guidance range (22.74 -0.39)

Reports Q4 (Dec) net operating income of $0.71 per share, $0.02 better than the First Call consensus of $0.69. “We have a cautious stance toward 2008 results, given the accelerating downturn in the U.S. housing market, slowing global economies and a shifting interest rate environment. We will navigate these issues, focus on sound business growth, optimize capital deployment and position Genworth for improved performance in 2009… In December, we provided a wide outlook range of $2.65-3.15 operating earnings per share for 2008, given the high degree of market uncertainty. In view of current trends, we anticipate being at the lower end of that range for 2008, and plan to fully update our outlook at the end of the first quarter” (consensus is for $2.89). During the quarter, the company settled its second quarter accelerated share repurchase program and received an additional 2.5 mln shares.
16:28 ATVI Activision beats by $0.09, beats on revs; guides Q4 EPS in-line, revs in-line; guides FY08 EPS above consensus, revs above consensus (26.29 +0.38)

Reports Q3 (Dec) earnings of $0.90 per share, excluding non-recurring items, $0.09 better than the First Call consensus of $0.81; revenues rose 79.9% year/year to $1.48 bln vs the $1.39 bln consensus. Co issues in-line guidance for Q4, sees EPS of $0.04 vs. $0.04 consensus; sees Q4 revs of $350.0 mln vs. $279.62 mln consensus. Co issues upside guidance for FY08, raises EPS guidance to $1.07 vs. $0.96 consensus; raises FY08 rev guidance to $2.65 bln vs. $2.46 bln consensus. “We exceeded our quarterly financial goals… Two of our wholly owned, internally developed franchises – Call of Duty 4 and Guitar Hero III – set industry records. Our solid performance during the first nine months of the fiscal year has already resulted in our 16th consecutive year of revenue growth and record operating margins. Our product and market momentum gives us confidence to once again raise our fiscal year 2008 net revenues and earnings outlook, as we continue to focus our marketing and sales efforts.”
16:28 ADEP Adept Tech reports Q2 EPS of $0.18 vs ($0.34) yr ago; revs rise 30% to $14.4 mln (7.02 -0.08)

Co sees FY08 revs of $52-57 mln (no consensus).
16:28 LQDT Liquidity Services misses by $0.01, beats on revs (12.47 -0.44)

Reports Q1 (Dec) earnings of $0.08 per share, $0.01 worse than the First Call consensus of $0.09; note, both numbers include stock-based comp. Revenues rose 31.2% year/year to $59.3 mln vs the $54.7 mln consensus. Co estimates Adjusted EPS for FY08 (Sep) to be $0.51-0.53 and Q2 (Mar) to be $0.11. This is not comparable to First Call consensus because this guidance excludes stock-based comp and the consensus includes it… GMV grew approximately 41% over the prior year period and 13% sequentially. Scrap business, which grew GMV approximately 57% over the prior year period and 49% sequentially, also contributed to strong results during the first quarter. At the end of Q1-08, registered buyers totaled approximately 724,000, representing a 28% increase over the approximately 565,000 registered buyers at the end of Q1-07.
16:28 NMHC Natl Med Health reports Q2 (Dec) results, revs in-line (9.43 -0.22)

Reports Q2 (Dec) earnings of $0.12 per share, may not be comparable to the First Call consensus of ($0.22); revenues fell 15.3% year/year to $168.9 mln vs the $168.5 mln consensus.
16:27 BBND sees Q1 ($0.02-0.05) vs ($0.08) First Call consensus; sees revs $35-39 mln vs $33.48 mln First Call consensus

16:27 XXIA Ixia beats by $0.02, beats on revs (6.84 +0.02)

Reports Q4 (Dec) earnings of $0.11 per share, $0.02 better than the First Call consensus of $0.09; revenues fell 2.0% year/year to $46.4 mln vs the $45.1 mln consensus.
16:27 BBND prelim ($0.12) vs ($0.13) First Call consensus; revs $30.7 mln vs $30.04 mln First Call consensus

16:27 INPH Interphase reports Q4 EPS of ($0.07) vs $0.07 in yr ago period; reports revs up 11% yr/yr to $9 mln with no estimates (7.83 -0.05)

16:26 ROX Castle Brands announces agreement with Autentica Tequilera, terms not disclosed (1.99 +0.01)

Co announced that it has entered into an agreement with Autentica Tequilera to develop and launch a new brand of super-premium tequila, “Tequila Tierras Autenticas de Jalisco.” Castle Brands will be the exclusive importer and marketer of Tierras in the United States.
16:25 ACAP American Phys beats by $0.17; guides FY08 EPS above consensus (42.15 +1.45)

Reports Q4 (Dec) earnings of $1.19 per share, $0.17 better than the First Call consensus of $1.02. Co issues upside guidance for FY08, sees EPS of $4.25 vs. $3.74 consensus. Co sees Y09 EPS even higher than Y08.
16:25 SRVY Greenfield Online beats by $0.02, beats on revs; guides FY08 revs in-line (12.99 +0.37)

Reports Q4 (Dec) earnings of $0.17 per share, $0.02 better than the First Call consensus of $0.15; revenues rose 30.2% year/year to $38.4 mln vs the $35.3 mln consensus. Co issues in-line guidance for FY08, sees FY08 revs of $143-153 mln vs. $144.83 mln consensus.
16:25 TEG Integrys Energy reports financial implications of Illinois rate orders (49.96 -0.11)

Co announces that two of its subsidiaries have received approval from the Illinois Commerce Commission to adjust retail natural gas delivery rates to their customers. The new rates are anticipated to be effective February 14, 2008. This is the first retail natural gas base rate increase for our Illinois customers since 1995. Co will update its earnings guidance for 2008 during its earnings conference call on February 20, 2008 and will incorporate the impacts of the final approved rates for Peoples Gas and North Shore Gas as well as other elements from its forecasts for 2008.
16:25 UNTD United Online beats by $0.03, misses on revs; guides Q1 revs in-line (11.20 +0.33)

Reports Q4 (Dec) earnings of $0.33 per share, $0.03 better than the two analyst est of $0.30. Co sees Q1 revs of $116-$120 mln vs. $122.40 single analyst est.
16:25 TECHX Equity markets finish an extremely choppy session with modest gains across the board

Trader’s & investors endured a wide swinging market today as early losses were eventually erased & by midday we saw the major indices trade at their best levels. The early losses came on the heels of selling pressure in the tech. sector following poor seasonal guidance from technology bellwether CSCO. Buyers surfaced after a retest of the session lows shortly after 11:00a.m. Est failed, giving the market fuel to trend higher to their best levels. However, the cash S&P 500 index & the Mar. S&P 500 futures (ES H8) both stalled at key intraday resistance levels surrounding the 1347.00 level (38% fib retrace from recent daily lows to highs, & daily pivot point R1 respectively) causing intraday longs to book quick profits and abandon or subsequently reverse their positions. The indices then retraced all of the days gains & turned negative but held above the morning lows, giving the bulls a bit of momentum to turn the averages positive heading into the close. Unofficially, the INDU settled @ 12247 +47, SPX @ 1337 +10.50, NDX @ 1753 +12.30, COMPQ @ 2293 +14.30, & RUT @ 702.80 +10.30. Today’s sector strength was seen in Retailers (XRT +5.0%, RTH +2.4%), Broker/Dealers (IAI +2.7%), Regional Banks (RKH +2.3%), Real Estate (IYR +2.3%), & Coal (KOL +2.1%). Sector weakness today was seen in Agriculture (MOO -0.90%), Software (SWH -0.60%), Utilities (-0.50%), Biotech (BBH -0.45%), & Healthcare (XLV -0.40%).
16:24 ARUN Aruba Networks trading halted (7.76 -0.33) -Update-

16:24 GCOM Globecomm Systems beats by $0.02, beats on revs; guides FY08 revs in-line (10.23 +0.06)

Reports Q2 (Dec) earnings of $0.18 per share, $0.02 better than the First Call consensus of $0.16; revenues rose 48.2% year/year to $54.4 mln vs the $46.5 mln consensus. Co issues mixed guidance for FY08, sees EPS of $0.70, may not be comparable, vs. $0.71 consensus; sees FY08 revs of $190-$200 vs. $193.96 mln consensus.
16:24 CENT Central Garden beats by $0.01, beats on revs (5.61 -0.19)

Reports Q1 (Dec) loss of $0.11 per share, excluding non-recurring items, $0.01 better than the First Call consensus of ($0.12); revenues fell 1.1% year/year to $313.8 mln vs the $305.9 mln consensus.
16:23 GDI Gardner Denver beats by $0.28, beats on revs; guides Q1 EPS below consensus; guides FY08 EPS in-line (32.37 -0.23)

Reports Q4 (Dec) earnings of $1.18 per share, includes $0.16 reduction to tax provision, primarily due to foreign tax credits, $0.28 better than the First Call consensus of $0.90; revenues rose 16.1% year/year to $510.3 mln vs the $490 mln consensus. Co issues downside guidance for Q1, sees EPS of $0.77-0.82, excluding $0.02 in restructuring activities, vs. $0.84 consensus. Co issues in-line guidance for FY08, sees EPS of $3.24-3.44, excluding $0.04 in restructuring activities, compared to previous guidance of $3.15-3.35, vs. $3.31 consensus.
16:22 RMD ResMed reports Q2 (Dec) results, revs in-line (44.33 +0.06)

Reports Q2 (Dec) earnings of $0.34 per share, including charges and stock based comp may not be comparable to the First Call consensus of $0.37; revenues fell 88.6% year/year to $202.7 mln vs the $202.2 mln consensus.
16:22 RNWK sees Q1 ($0.08)- income of 0.02 vs ($0.01) First Call consensus; sees revs $139-143 mln vs $151.71 mln First Call consensus

16:21 BLKB Blackbaud beats by $0.01, beats on revs (26.68 -0.01)

Reports Q4 (Dec) earnings of $0.23 per share, $0.01 better than the First Call consensus of $0.22; revenues rose 41.7% year/year to $70 mln vs the $68 mln consensus.
16:20 ALKS Alkermes beats by $0.04, misses on revs (13.68 +0.34)

Reports Q3 (Dec) earnings of $0.03 per share, excluding non-recurring items, $0.04 better than the First Call consensus of ($0.01); revenues fell 18.6% year/year to $50.8 mln vs the $54.8 mln consensus.
16:20 RNWK prelim $0.02 vs $0.01 First Call consensus; revs $156.90 mln vs $155.26 mln First Call consensus

16:20 ATW Atwood Oceanics beats by $0.04, beats on revs (85.59 )

Reports Q1 (Dec) earnings of $1.20 per share, $0.04 better than the First Call consensus of $1.16; revenues rose 25.1% year/year to $111.1 mln vs the $109.2 mln consensus.
16:19 RNWK sees FY08 ($0.09-0.04), may not be comparable to $0.10 First Call consensus; sees revs $612-632 mln vs $642.34 mln First Call consensus

16:19 PHTN Photon Dynamics misses by $0.01, misses on revs; guides Q2 EPS in-line, revs above consensus (8.30 +0.09)

Reports Q3 (Jun) loss of $0.33 per share, excluding non-recurring items but including stock based compensation that analysts are including, $0.01 worse than the First Call consensus of ($0.32); revenues fell 33.9% year/year to $16.2 mln vs the $16.8 mln consensus. Co issues mixed guidance for Q2, sees EPS of ($0.11)-($0.05) vs. ($0.11) consensus; sees Q2 revs of $36-38 mln vs. $24.87 mln consensus.
16:19 CSTR sees FY08 GAAP EPS $0.47-0.67 may not comapre to $0.85 First Call consensus; sees revs $800-875 mln vs $602.71 mln First Call consensus

16:18 LMNX Luminex reports Q4 results, guides FY08 revs above consensus (16.34 +0.35)

Reports Q4 (Dec) earnings of $0.30 per share, including $11.5 mln one-time settlement payment, may not be comparable to the First Call consensus of ($0.05); revenues rose 51% year/year to $21.5 mln vs the $20.8 mln consensus. LMNX sees FY08 revs of $95-$105 mln vs First Call consensus of $94.95 mln.
16:18 TWLL Techwell reports Q4 EPS of $0.22 vs $0.23 First Call consensus; revs $16.5 mln vs $16.21 mln First Call consensus (10.29 -0.10) -Update-

The co expects revenue for the first quarter of 2008 to range between $15 and $16 mln vs $15.29 mln consensus
16:18 RTEC Rudolph Tech misses by $0.01, misses on revs (10.42 +0.24)

Reports Q4 (Dec) earnings of $0.03 per share, excluding non-recurring items, $0.01 worse than the First Call consensus of $0.04; revenues fell 40.1% year/year to $32.6 mln vs the $33.7 mln consensus.
16:18 RNWK prelim $0.02 vs $0.01 First Call consensus; revs $156.9 mln vs $155.26 mln First Call consensus

16:17 SGEN sees FY08 revs $27-30 mln vs $29.31 mln First Call consensus

16:17 GDI sees Q1 $0.77-0.82 vs $0.84 First Call consensus

16:17 CSTR sees Q1 $0.01-0.08 vs $0.16 First Call consensus; sees revs $175-190 mln vs $138.10 mln First Call consensus

16:16 ATW prelim $1.20 vs $1.16 First Call consensus; revs $111.1 mln vs $109.23 mln First Call consensus

16:16 XXIA prelim $0.11 vs $0.09 First Call consensus; revs $46.4 mln vs $45.10 mln First Call consensus

16:16 OMTR sees FY08 $0.40-0.44 vs $0.43 First Call consensus; sees revs $305-310 mln vs $228.63 mln First Call consensus

16:16 ABXA ABX Air and Red Mountain sign confidentiality and standstill agreement (3.41 +0.09)

Co announces that it has entered into a confidentiality and standstill agreement with Red Mountain Capital Partners, a California investment firm that owns 6.8% of the common shares of ABXA. The agreement is contained in Red Mountain’s Form 13-D filing today with the Securities and Exchange Commission. Under the agreement, ABXA has agreed to provide Red Mountain with certain non-public information about ABXA on a confidential basis. Red Mountain has agreed that it will protect the confidentiality of that information, and that while the agreement remains in effect it will not without board approval acquire in excess of 14.9% of the issued and outstanding Common Stock, solicit proxies with respect to any voting securities of ABXA, seek the nomination of any person to the board of directors of ABXA, submit a proposal for any extraordinary transaction involving ABX Holdings, or otherwise seek to control or influence the management, board of directors or policies of ABXA.
16:16 CSTR prelim $0.29, ex items vs $0.18 First Call consensus; revs $133.3 mln vs $141.21 mln First Call consensus

16:16 SGEN prelim ($0.22) vs ($0.23) First Call consensus; revs $7.8 mln vs $6.17 mln First Call consensus

16:15 GDI prelim $1.18 vs $0.90 First Call consensus; revs $510.3 mln vs $489.98 mln First Call consensus

16:15 OMTR sees Q1 $0.08-0.09 vs $0.08 First Call consensus; sees revs $68-70 mln vs $47.90 mln First Call consensus

16:15 UVV Universal Corp reports 12% increase in revs, EPS of $1.56 vs $1.17 YoY (47.74 +1.08)

Reports income from continuing operations for the third quarter of fiscal year 2008 increased by 42% to $50.8 mln, or $1.56 per diluted share. Sales and other operating revenues were up 12% totaling $573 mln in the quarter.
16:14 XOM Exxon Mobil says it won freeze of $12 bln in Venezuela assets – Bloomberg (82.40 +0.80)

16:14 UEPS Net 1 UEPS Techs beats by $0.01, beats on revs (26.25 +0.36)

Reports Q2 (Dec) earnings of $0.36 per share, $0.01 better than the First Call consensus of $0.35; revenues rose 38.2% year/year to $68.5 mln vs the $66 mln consensus.
16:13 TWLL Techwell misses by $0.01, beats on revs; guides Q1 revs in-line (10.24 -0.15)

Reports Q4 (Dec) earnings of $0.22 per share, excluding non-recurring items, $0.01 worse than the First Call consensus of $0.23; revenues rose 3.1% year/year to $16.5 mln vs the $16.2 mln consensus. Co issues in-line guidance for Q1, sees Q1 revs of $15-16 mln vs. $15.29 mln consensus.
16:13 ATVI sees Q4 $0.04 vs $0.04 First Call consensus; sees revs $350.0 mln vs $279.62 mln First Call consensus

16:13 MFE McAfee beats by $0.01, beats on revs; guides Q1 EPS in-line, revs in-line; guides FY08 EPS in-line, revs in-line; board authorizes $750 mln stock repurchase program (31.73 -0.50)

Reports Q4 (Dec) earnings of $0.46 per share, $0.01 better than the First Call consensus of $0.45; revenues rose 16.8% year/year to $356.5 mln vs the $343.3 mln consensus. Co issues in-line guidance for Q1, sees EPS of $0.42-0.47 vs. $0.45 consensus; sees Q1 revs of $345-360 mln vs. $342.72 mln consensus. Co issues in-line guidance for FY08, sees EPS of $1.85-1.95 vs. $1.89 consensus; sees FY08 revs of $1.425-1.525 bln vs. $1.43 bln consensus. Board also authorized a $750 mln stock repurchase program.
16:13 OMTR prelim $0.07 vs $0.08 First Call consensus; revs $43.1 mln vs $41.60 mln First Call consensus

16:13 MGRM Monogram Biosciences reports Q4 EPS of ($0.03) vs ($0.05) First Call consensus; revs rose 34% YoY to $13.7 mln vs $11.64 mln First Call consensus (1.27 +0.01)

16:12 ATVI sees FY08 $1.07 vs $0.96 First Call consensus; sees revs $2.65 bln vs $2.46 bln First Call consensus

16:12 CELL Brightpoint beats by $0.05, beats on revs (12.49 +0.23)

Reports Q4 (Dec) earnings of $0.31 per share, $0.05 better than the First Call consensus of $0.26; revenues rose 140.5% year/year to $1.63 bln vs the $1.54 bln consensus. Gross margin of 7.3%, an increase of 1.1 percentage points from the fourth quarter of 2006 CELL reiterates previously estimated 2008 global sell-in range of 1.25 to 1.35 bln units which will be driven by a high handset replacement cycle; only expect a seasonal decline of approximately 5% to 10% in terms of global handset unit volumes in Q1-08 from Q4-07.
16:11 ATVI prelim $0.90 vs $0.81 First Call consensus; revs $1.48 bln vs $1.39 bln First Call consensus

16:11 APKT Acme Packet reports in-line, guides FY08 below consensus (8.70 -0.32)

Reports Q4 (Dec) earnings of $0.10 per share, excluding non-recurring items, in-line with the First Call consensus of $0.10; revenues rose 32.4% year/year to $31.4 mln vs the $31.8 mln consensus. Co issues downside guidance for FY08, sees EPS of $0.38-0.42 vs. $0.47 consensus; sees FY08 revs of $142-147 mln vs. $151.8 mln consensus.
16:11 TUNE sees FY08 revs $113 mln vs $113.76 mln First Call consensus

16:11 KNXA Kenexa beats by $0.01, reports revs in-line; guides Q1 EPS below consensus, revs below consensus; guides FY08 EPS in-line, revs in-line (17.10 +0.81)

Reports Q4 (Dec) earnings of $0.32 per share, excluding non-recurring items, $0.01 better than the First Call consensus of $0.31; revenues rose 31.0% year/year to $47.7 mln vs the $47.8 mln consensus. Co issues downside guidance for Q1, sees EPS of $0.22-0.23, excluding non-recurring items, vs. $0.30 consensus; sees Q1 revs of $48.2-49.2 mln vs. $50.73 mln consensus. Co issues in-line guidance for FY08, sees EPS of $1.38-1.42, excluding non-recurring items, vs. $1.40 consensus; sees FY08 revs of $221-227 mln vs. $221.28 mln consensus.
16:11 FALC FalconStor Sftwr beats by $0.01, beats on revs; guides FY08 EPS in-line, revs in-line; boosts buyback (8.55 )

Reports Q4 (Dec) earnings of $0.14 per share, $0.01 better than the First Call consensus of $0.13; revenues rose 22.8% year/year to $24.8 mln vs the $23.5 mln consensus. Co issues in-line guidance for FY08, sees EPS of $0.31-0.36 vs. $0.35 consensus; sees FY08 revs of $100-104 mln vs. $101.43 mln consensus. Co also announces it boosted its buyback to 5 mln shares from 2 mln.
16:11 BMC sees FY08 $1.90-1.94, ex-items, vs $1.83 First Call consensus

16:10 CTSH Cognizant Tech beats by $0.03, reports revs in-line; guides Q1 EPS in-line, revs above consensus; guides FY08 EPS above consensus, revs above consensus (27.28 -0.02)

Reports Q4 (Dec) earnings of $0.34 per share, excluding non-cash stock-based Indian fringe benefit tax expense, $0.03 better than the First Call consensus of $0.31; revenues rose 7.5% year/year to $600 mln vs the $594.4 mln consensus. Co issues mixed guidance for Q1, sees EPS of $0.32 vs. $0.32 consensus; sees Q1 revs of at least $640 mln vs. $632.24 mln consensus. Co issues upside guidance for FY08, sees EPS of $1.50 vs. $1.47 consensus; sees FY08 revs of at least $2950 vs. $2.87 bln consensus.
16:10 BMC sees Q4 $0.48-0.52 vs $0.49 First Call consensus; sees revs $450-465 mln vs $447.99 mln First Call consensus

16:10 TUNE sees Q1 revs $24-25 mln vs $24.00 mln First Call consensus

16:09 ESE prelim $0.41, excludes items, vs $0.38 First Call consensus; revs $135 mln vs $143.77 mln First Call consensus

16:09 MTD Mettler-Toledo beats by $0.20, beats on revs; guides Q1 EPS above consensus; guides FY08 EPS above consensus (99.60 +0.80)

Reports Q4 (Dec) earnings of $1.73 per share, excluding non-recurring items, $0.20 better than the First Call consensus of $1.53; revenues rose 15.2% year/year to $532.8 mln vs the $494.9 mln consensus. Co issues upside guidance for Q1, sees EPS of $0.96-0.98 vs. $0.91 consensus. Co issues upside guidance for FY08, sees EPS of $5.30-5.45, excluding non-recurring items, vs. $5.25 consensus; co sees local currency sales growth of 4-6%.
16:08 BOOT LaCrosse Footwear receives $900k order from United State Marine Corps (16.25 +0.05)

16:08 BMC prelim $0.57 vs $0.50 First Call consensus; revs $459 mln vs $440.78 mln First Call consensus

16:08 FALC sees FY08 $0.31-0.36 vs $0.35 First Call consensus; sees revs $100-104 mln vs $101.43 mln First Call consensus

16:08 MFE sees FY08 $1.85-1.95 vs $1.89 First Call consensus; sees revs $1.425-1.525 mln vs $1.43 bln First Call consensus

16:08 TUNE prelim $0.03 vs $0.03 First Call consensus; revs $22.8 mln vs $22.01 mln First Call consensus

16:07 LQDT prelim $0.08 vs $0.09 First Call consensus; revs $59.3 mln vs $54.7 mln First Call consensus

16:07 KNXA prelim $0.32 vs $0.31 First Call consensus; revs $47.7 mln vs $47.78 mln First Call consensus

16:07 CYCL Centennial Comms announces that Thomas McInerney has stepped down as the co’s non-executive Chairman (5.93 -0.03)

16:07 VNUS VNUS Medical Tech beats by $0.14, beats on revs; guides Q1 EPS above consensus, revs in-line; guides FY08 EPS above consensus, revs above consensus (13.27 +0.12)

Reports Q4 (Dec) earnings of $0.05 per share, $0.14 better than the First Call consensus of ($0.09); revenues rose 54.9% year/year to $20.6 mln vs the $18.4 mln consensus. Co issues mixed guidance for Q1, sees EPS of $(0.07)- 0.03 vs. ($0.09) consensus; sees Q1 revs of $18.2-19.2 mln vs. $18.17 mln consensus. Co issues upside guidance for FY08, sees EPS of $0.19-0.24 vs. $0.05 consensus; sees FY08 revs of $82-86 mln vs. $77.60 mln consensus.
16:07 MFE sees Q1 $0.42-0.47 vs $0.45 First Call consensus; sees revs $345-360 mln vs $342.72 mln First Call consensus

16:06 GCOM sees FY08 $0.70 vs $0.71 First Call consensus; sees revs $190-200 mln vs $193.96 mln First Call consensus

16:06 FALC prelim $0.14 vs $0.13 First Call consensus; revs $24.8 mln vs $23.49 mln First Call consensus

16:06 SRVY sees FY08 revs $143-153 mln vs $144.83 mln First Call consensus

16:06 BLKB prelim $0.23 vs $0.22 First Call consensus; revs $70.00 mln vs $67.96 mln First Call consensus

16:06 TTMI sees Q1 $0.20-0.25 vs $0.21 First Call consensus; sees revs $168-176 mln vs $168.52 mln First Call consensus

16:06 GME Gamestop announces bond buyback program of up to $130 mln of the Senior Notes (49.45 -0.11) -Update-

16:06 MFE prelim $0.46 vs $0.45 First Call consensus; revs $356.5 mln vs $343.26 mln First Call consensus

16:06 VOLC Volcano announces FDA 510k clearance of revolution rotational catheter and FFR for the s5i integrated IVUS console (11.41 +0.47)

16:06 EQ prelim $1.23 vs $1.11 First Call consensus; revs $1.58 bln vs $1.59 bln First Call consensus

16:05 MFE McAfee Board authorizes $750 mln stock repurchase program (31.73 -0.50) -Update-

16:05 GCOM prelim $0.18 vs $0.16 First Call consensus; revs $54.4 mln vs $46.52 mln First Call consensus

16:05 APKT sees FY08 $0.38-0.42 vs $0.47 First Call consensus; sees revs $142-147 mln vs $151.8 mln First Call consensus

16:05 TTMI prelim $0.22, ex items, vs $0.21 First Call consensus; revs $167.5 mln vs $168.87 mln First Call consensus

16:05 SRVY prelim $0.17 vs $0.15 First Call consensus; revs $38.39 mln vs $35.25 mln First Call consensus

16:05 CTSH sees Q1 $0.32 vs $0.32 First Call consensus; sees revs $640.00 mln vs $632.24 mln First Call consensus

16:05 IN Intermec beats by $0.04, beats on revs; guides Q1 EPS in-line, revs in-line (20.48 )

Reports Q4 (Dec) earnings of $0.27 per share, $0.04 better than the First Call consensus of $0.23; revenues rose 15.5% year/year to $253 mln vs the $236.2 mln consensus. Co issues in-line guidance for Q1, sees EPS of $0.10-0.13 vs. $0.10 consensus; sees Q1 revs of $208-213 vs. $203.67 mln consensus.
16:04 NANX sees FY08 revs $12.82-14.04 mln vs $15.44 mln First Call consensus

16:04 VNUS sees FY08 $0.19-0.24 vs $0.05 First Call consensus; sees revs $82-86 mln vs $77.60 mln First Call consensus

16:04 UEPS prelim $0.36 vs $0.35 First Call consensus; revs $$68.50 mln vs $66.00 mln First Call consensus

16:03 CELL reiterates previously estimated 2008 global sell-in range of 1.25 to 1.35 bln units which will be driven by a high handset replacement cycle

16:03 AOC prelim $0.69 vs $0.66 First Call consensus; revs $2.03 bln vs $2.13 bln First Call consensus

16:03 PHTN sees Q2 ($0.11-0.05) vs ($0.11) First Call consensus; sees revs $36-38 mln vs $24.87 mln First Call consensus

16:02 TKLC prelim $0.21 vs $0.18 First Call consensus; revs $115.23 mln vs $114.93 mln First Call consensus

16:02 CSTR Coinstar announces agreement to expand Coinstar Centers and Redbox in Wal-Mart locations (29.06 )

16:02 APKT Acme Packet announces planned retirement of Chief Financial Officer (8.68 -0.32)

Co announced that Mr. Keith Seidman, the Company’s Chief Financial Officer and Treasurer, plans to retire. Company plans to retain an executive search firm to assist in the recruitment process.
16:02 VNUS sees Q1 $(0.07)-(0.03) vs ($0.09) First Call consensus; sees revs $18.2-19.2 mln vs $18.17 mln First Call consensus

16:02 ALNY prelim $0.04 vs ($0.22) First Call consensus; revs $18.2 mln vs $18.27 mln First Call consensus

16:02 CTSH prelim $0.36 vs $0.31 First Call consensus; revs $600 mln vs $594.41 mln First Call consensus

16:02 APKT prelim $0.10 vs $0.10 First Call consensus; revs $31.4 mln vs $31.8 mln First Call consensus

16:02 OTEX prelim $0.50 vs $0.48 First Call consensus; revs $182.5 mln vs $173.58 mln First Call consensus

16:01 ITMN prelim ($0.66) vs ($0.73) First Call consensus; revs $9.6 mln vs $9.67 mln First Call consensus

16:01 ALKS prelim $0.03, ex items vs ($0.01) First Call consensus; revs $50.8 mln vs $54.80 mln First Call consensus

16:01 NANX expects FY08 revenue growth of 5% to 15%

16:01 CELL prelim $0.31 vs $0.26 First Call consensus; revs $1.63 bln vs $1.54 bln First Call consensus

16:01 RLRN Renaissance Learning authorizes additional stock repurchase of additional 1.2 million shares (13.86 +0.23)

16:01 PHTN prelim ($0.31) vs ($0.32) First Call consensus; revs $16.2 mln vs $16.67 mln First Call consensus

16:01 VNUS prelim $0.05 vs ($0.09) First Call consensus; revs $20.6 mln vs $18.37 mln First Call consensus

16:01 LDG Longs Drug reports January same store sales +1.2%, reports Q4 same store sales +0.7% (46.70 +1.58)

16:01 ALKS Alkermes announces $60 mln accelarated share repurchase program (13.65 +0.34)

16:01 RMD prelim $0.34, may not be comparable to $0.37 First Call consensus; revs $202.68 mln vs $202.19 mln First Call consensus

16:00 NANX prelim ($0.06) vs ($0.05) First Call consensus; revs $2.62 mln vs $2.70 mln First Call consensus

16:00 CBST Cubist Pharma repurchases $50 million of its 2.25% convertible subordinated notes due June 15, 2013 (18.32 +0.10)

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Data Feed

Posted: February 7, 2008 in Charts, Forex, Futures, Stocks, Technical Analysis, Trading

08:23 TJX guides Q4 EPS to high end of anticipated range of $0.60-$0.63 vs consensus of $0.62

08:22 BONDX Stepping Higher

The bond market is lightly bid this morning with Europe leading the charge on weaker data, cautious central banks & slumping stocks. Similar sentiment is carrying over into the open here as stocks point to a soft opening with help from disappointing earnings out of Cisco. Naturally all of this is putting a bid in bonds to begin the day with a run of middling data to come. The 2-10-yr yield spread remains well-steep at 168.3. Bond prices in the EuroZone are holding firm following weak German factory orders & the as-expected non-move by the ECB on policy rates. In Japan, bonds bucked the trend & lost ground on the day with blows from more official talk of no room for rate cuts & stocks squeezing out gains. Treasuries will be eyeing the jobless claims data following last week’s 375K print. Also up is another (likely) bad housing report & some Fed-speak. Bonds will be weighed on by supply with $9B 30-yrs hitting the market. Headlines are getting a tiny bit more positive on the bond insurers with MBIA potentially retaining their AAA rating which may take some of the flight-to-quality out of treasuries, leaving prices exposed to the downside. The buck is better on the euro as the move to stick on rates in the EuroZone should be followed with official talk of coming cuts, leaving the euro off against the yen as well. The yen is better on the buck, back to levels last seen at the start of the month & now looking to go back through 106.00. Gold has backed off earlier gains off of supply issues now 903.38 (+2.78) after ticking through 911. Crude has dipped some now 86.88 (-.26). Data has initial jobless claims (8:30), pending home sale (10) & consumer credit (15). Fed-speak has Atlanta’s Lockhart talks credit markets (8:30) & Dallas’ Fisher late (13). There is another auction up with an offering of $9B 30-yrs. The euro is at 1.4570 & the yen is at 106.1200 while the 10-yr yield is +07/32 yielding 3.565%.
08:21 YHOO Yahoo!: Stifel believes shares fully valued, swap into GOOG (28.57 )

Stifel calculated the expected value of YHOO shares at $29.72 per share, reflecting the estimated probability of several potential outcomes for Yahoo! in the wake of the Microsoft hostile takeover offer. Given the narrow 4% premium of expected value over the current share price, firm believes Yahoo! shares are fully valued and they would endorse swapping out of Yahoo! into shares of Google. Firm notes five scenarios: 1) MSFT succeeds in its current bid (30% chance); 2) MSFT wins with a higher $32 bid (40% chance); 3) MSFT wins, deal blocked, stock to $25 (10% chance); 4) Competing takeover offer at $34 (10% chance); 5) Yahoo! stays independent, stock to $23 (10% chance).
08:21 AG AGCO Corp beats by $0.19, beats on revs; reiterates prior FY08 guidance, which is below consensus (57.96 )

Reports Q4 (Dec) earnings of $0.82 per share, excluding non-recurring items, $0.19 better than the First Call consensus of $0.63; revenues rose 32.9% year/year to $2.17 bln vs the $1.91 bln consensus. Co reiterates prior guidance for FY08; co is targeting EPS of $2.75 with a goal of getting to $3.00 vs. $3.21 consensus; sees FY08 revs of $7.58-7.72 bln vs. $7.51 bln consensus. Co says all of its major end markets continued to experience solid demand through the end of 2007. Worldwide industry retail sales of farm equipment in 2008 are expected to increase modestly from strong 2007 levels.
08:20 GET Gaylord Entertain announces $80 mln stock repurchase program (30.47 )

08:20 IDEV prelim ($0.19) vs ($0.23) First Call consensus; revs $16.4 mln vs $15.64 mln First Call consensus

08:19 DB Deutsche Bank CEO says we don’t need capital injection; many parties interested in investing in us – DJ (108.57 )

08:18 Fuel prices will make airline margers take off – NY Post

NY Post reports stung by high jet fuel prices and worried about what a recession will do to their businesses, the nation’s airlines are considering a lot of different formations… Deals are being considered, especially the combination of DAL with just about anyone, but especially NWA. “If Delta and Northwest do a deal,” says a source close to the airline industry “then you are potentially going to see a chain reaction.” Delta, which exited bankruptcy last April, has already admitted it is speaking with Northwest and UAUA. And its creditors committee turned down a deal from US Airways when it was still under court protection. A deal between Northwest and Delta is the most likely. The experts say that regulators would be more reluctant to let Delta, which is No. 3 in the industry, merge with United, the second biggest, than with No. 5 Northwest.
08:18 IAR Idearc beats by $0.12, reports revs in-line (15.22 )

Reports Q4 (Dec) earnings of $0.75 per share, excluding non-recurring items, $0.12 better than the First Call consensus of $0.63; revenues fell 1.7% year/year to $787 mln vs the $791.9 mln consensus. “While we are certainly facing some economic headwinds in the current marketplace, we firmly believe the right strategy and assets are in place to maximize the long-term value of our business.
08:18 RIMM Research In Motion Blackberry demand remains strong, Lehman says- Bloomberg (84.10 )

08:17 SNMX Senomyx beats by $0.06, beats on revs; issues below consensus FY08 EPS and rev guidance (6.69 )

Reports Q4 EPS of ($0.15) vs ($0.21) First Call consensus; revs of $6.4 mln vs $5.87 mln First Call consensus. SNMX sees FY08 ($0.75-0.85) vs ($0.58) First Call consensus; sees revs $20-24 mln vs $27.56 mln First Call consensus.
08:17 EDS EDS: Strong FCF, solid signings will be overshadowed by big EPS miss; cuts tgt to $24 – Stifel (19.61 )

Stifel notes EDS reorted 4Q07 revenue and EPS below expectations, the latter worse due to lower than expected tax rate. While firm believes the market will focus mainly on the miss, and that it was largely driven by year-end contract performance issues, there were several notable positives in the quarter (e.g., FCF), and EDS shares’ valuation will likely remain attractive. Firm cuts tgt to $24 from $28.
08:17 PHX Panhandle Royalty reports Q4 EPS of $0.41, revs increase 54% y/y (28.62 )

Reports Q4 (Dec) earnings of $0.41 per share, no estimates; compared to $0.23 year ago. Revenues increase 54% year/year to $13.7 mln. Co states, “We continue to see significant new drilling activity and well proposals on the Company’s mineral acreage in the unconventional natural gas plays. Through Jan 2008, we have agreed to participate with a working interest in the drilling of 71 wells in the Woodford shale in southeast Oklahoma and 29 wells in the Fayetteville shale in Arkansas…”
08:17 SEP Spectra Energy LP beats by $0.01, beats on revs (25.00 )

Reports Q4 cash available for distribution per limited partner unit of $0.30 per share, earnings per limited partner unit of $0.33, beating the First Call consensus of $0.29; revenues rose 12.0% year/year to $26.2 mln vs the $25.3 mln consensus.
08:16 Bernake said the central bank is “closely monitoring developments” with bond insurers – NY Post

NY Post reports Federal Reserve Chairman Ben Bernanke said the central bank is “closely monitoring developments” with bond insurers, including the potential effects of ratings downgrades for banks. “Given the adverse effects that problems of financial guarantors can have on financial markets and the economy, we are closely monitoring developments,” Bernanke wrote in a Feb. 4 letter, responding to an inquiry last month from Rep. Paul Kanjorski, a Pennsylvania Democrat who leads the House Capital Markets Subcommittee. Kanjorski released the letter along with responses from other state and federal regulators. “In addition, we are closely monitoring the potential effect of downgrades of financial guarantors on bank holding companies, state member banks, and other institutions supervised by the Federal Reserve,” Bernanke wrote. “We believe we have the appropriate tools to assess exposures to bond insurers of the banks that we supervise.” Banks have “significant exposures” to the bond insurers and could be forced to “bring a sizable volume of assets” onto their books because of lower ratings, Bernanke added.
08:16 AG sees FY08 $2.75-3.00 vs $3.21 First Call consensus; sees revs $7.58-7.72 bln vs $7.51 bln First Call consensus

08:15 MGPI MGP Ingredients reports Q2 (Dec) results, misses on revs (8.52 )

Reports Q2 (Dec) earnings of $0.30 per share, including a $7 mln gain on settlement of litigation, net of related expenses, without which the company would have reported a loss before taxes of $2 mln vs the First Call consensus of $0.01; revenues rose 7.1% year/year to $93.9 mln vs the $100.6 mln consensus.
08:15 LVLT Level 3 beats by $0.05, beats on revs (3.14 )

Reports Q4 (Dec) loss of $0.06 per share, $0.05 better than the First Call consensus of ($0.11); revenues rose 30.0% year/year to $1.1 bln vs the $1.08 bln consensus. “We continue to expect growth in the 8-13% range for Core Communications Services revenue for the full year 2008. We expect growth to pick up over the course of the year consistent with historical trends and that our sales and install rates will increase over the course of the year compared to what we experienced in the second half of 2007. In addition, we expect 2008 Consolidated Adjusted EBITDA to range from $950 mln to $1.10 bln in 2008… In the first quarter 2008, we expect to experience the pattern of seasonality with regards to certain Core Communications Services revenue that we have seen over the last few years, with seasonally high revenue in the fourth quarter and seasonally lower revenue in the first quarter.”
08:14 FTE France Telecom: France says no plans to sell France Telecom shares – Bloomberg.com (34.33 )

Bloomberg.com reports the French government has no plans to sell France Telecom SA shares refuting speculation by analysts and investors and sending the stock to its biggest gain in more than three months. Analysts including Rob Goyens of Dexia Bank NV in Brussels have said the government, which owns 27.4% of the former monopoly, could sell shares after a lockup ended following yesterday’s earnings report. In June, it sold a 5% stake in Europe’s phone company to cut public debt… France Telecom yesterday reported net income rose 52% to 6.3 billion euros ($9.2 billion) after the co added mobile subscribers, cut jobs in its fixed-line business and had a lower tax bill.
08:14 OFG Oriental Fincl Grp reports Q4 EPS of $0.59 vs $0.34 consensus (16.88 )

08:14 AG prelim $0.82 vs $0.63 First Call consensus; revs $2.17 bln vs $1.91 bln First Call consensus

08:14 Fed’s Lockhart says recent policy easing, liquidity injections should help markets stabilize – Reuters

Fed Lockhart says foreign investors likely will be more selective when investing in U.S. credit markets.
08:13 States say mortgage companies fall short on loan modification – WSJ

WSJ reports mortgage cos have stepped up their efforts to work with delinquent borrowers, but their actions aren’t keeping up with the rapid rise in bad loans, a new study by state officials suggests. The study, compiled by the State Foreclosure Prevention Working Group, which includes state attorneys general and banking regulators from 11 states, found that mortgage-servicing cos working with troubled borrowers in Oct were looking to modify 45% of the loans. The mortgage cos expect less than 7% of the troubled borrowers to come up with the funds to make the loan current. A loan modification can involve changing or freezing the interest rate on the loan, extending the term of the loan or reducing the amount owed. By contrast, less than 10% of such efforts completed in October involved a change in the terms of the borrower’s loan while nearly three-quarters of such efforts involved the borrower coming up with funds to make the loan current.
08:13 ARW Arrow Elec beats by $0.04, beats on revs; guides Q1 EPS in-line, revs in-line (32.40 )

Reports Q4 (Dec) earnings of $0.97 per share, $0.04 better than the First Call consensus of $0.93; revenues rose 26.5% year/year to $4.42 bln vs the $4.32 bln consensus. Co issues in-line guidance for Q1, sees EPS of $0.84-0.91, excluding estimated amortization of intangible assets, vs. $0.87 consensus; sees Q1 revs of $3.925-4.225 bln vs. $4.06 bln consensus.
08:11 ARJ Arch Chemicals reports Q4 (Dec) results, beats on revs; guides FY08 EPS in-line (34.26 )

Reports Q4 (Dec) earnings of $0.42 per share, including $0.30 of special items, may not be comparable to the First Call consensus of $0.24; revenues rose 12.0% year/year to $344.2 mln vs the $336.3 mln consensus. Co issues downside guidance for Q1, sees Q1 EPS of $0.10-0.15 vs $0.31 consensus. Co issues in-line guidance for FY08, sees EPS of $2.55-2.65, excluding non-recurring items, vs. $2.62 consensus.
08:11 KTEC Key Technology beats by a penny, beats on revs (34.74 -0.35)

Reports Q4 (Dec) earnings of $0.20 per share, $0.01 better than the First Call consensus of $0.19; revenues rose 28% year/year to $28.9 mln vs the $28.0 mln consensus.
08:11 CHUX O’Charley’s misses by $0.08; increases buyback by $20 mln; reports Q4 same store sales; guides FY08 EPS below consensus (13.50 )

Reports Q4 (Dec) earnings of $0.12 per share, $0.08 worse than the First Call consensus of $0.20; revenues fell 10.5% year/year to $215.2 mln vs the $223.8 mln consensus. CHUX reports Stoney River Q4 same store sales -4.5% vs -0.1% Briefing.com consensus. CHUX sees O’Charley’s Q4 same store sales -4.3% vs -1.7% Briefing.com consensus. CHUX reports Ninety-Nine Q4 same store sales -2.6% vs 1.3% Briefing.com consensus. CHUX sees Y08 same store sales flat or declining. CHUX announces that its Board of Directors have approved a $20 mln increase in the co’s share repurchase authorization. Co issues downside guidance for FY08, sees EPS of $0.75-0.90 vs. $0.92 consensus.
08:10 PTIE Pain Therapeutics misses by $0.02, misses on revs (8.76 )

Reports Q4 (Dec) earnings of $0.02 per share, $0.02 worse than the First Call consensus of $0.04; revenues rose 122.0% year/year to $14.1 mln vs the $14.8 mln consensus. Co anticipates being cash flow positive in 2008. Co also anticipates receiving $20.0 mln of cash milestone payments in 2008 under its strategic alliance with King Pharmaceuticals.
08:09 TZIX TriZetto Group: Wins BCBS and RI contract; sales momentum builds for 2008 – Caris (18.92 )

Caris says having won both the Blue Shield of California and Blue Cross and Blue Shield of Rhode Island contracts, TZIX is quickly becoming the managed care industry’s healthcare IT system provider of choice. By leveraging these two contracts win, firm believes TZIX could build considerable sales momentum in 2008. Reflecting the BCBS-RI contract impact, firm raises their 2008 EPS to $0.73 from $0.72 and 2009 EPS to $0.85 from $0.81. THey recommend investors to look carefully at this managed care Healthcare IT provider story.
08:09 RSYS RadiSys announces the pricing of its $50 mln offering of convertible senior notes due 2013, conversion price of ~$13.03 per share (10.68 )

08:09 PMTI Palomar Medical misses by $0.03, misses on revs (13.49 )

Reports Q4 (Dec) earnings of $0.22 per share, $0.03 worse than the First Call consensus of $0.25; revenues fell 28.4% year/year to $28.2 mln vs the $31.2 mln consensus.
08:09 IT Gartner beats by $0.01, beats on revs; guides FY08 EPS in-line, revs in-line (14.77 )

Reports Q4 (Dec) earnings of $0.37 per share, $0.01 better than the First Call consensus of $0.36; revenues rose 14.6% year/year to $348.4 mln vs the $340.6 mln consensus. Co issues in-line guidance for FY08, sees EPS of $0.90-1.00 vs. $0.99 consensus; sees FY08 revs of $1.300-1.325 bln vs. $1.31 bln consensus. Co announces that its board of directors has authorized the use of up to $250 mln for the repurchase of its common stock.
08:09 NEM Newmont Mining reports Q4 production; expects comparable gold sales in 2008 (49.87 )

For Q4 co reported equity gold sales of 1.4 mln ounces at costs applicable to sales of $384 per ounce. For the year ended December 31, 2007, the co reported equity gold sales of 5.3 mln ounces at costs applicable to sales of $406 per ounce. Consolidated capital expenditures for the quarter and year ended December 31, 2007 were $511 mln and $1.7 bln, respectively, which were below the Company’s original outlook of $1.8 to $2.0 bln for 2007. said, “We are pleased with our operating results from the fourth quarter, resulting in gold sales performance consistent with our original expectations for the year. We expect our 2008 gold sales performance to be comparable with our 2007 results, with equity gold sales expected to be between 5.1 and 5.4 mln ounces at costs applicable to sales of between $425 and $450 per ounce. Building on our strong operating performance from the third and fourth quarters of 2007, as well as the momentum we established with the completion of our Miramar acquisition and the sale of our royalty assets and certain other equity interests in December, we have embarked on 2008 with a renewed focus on operational and project execution as well as financial performance.” The Company expects to realize cost savings in Nevada of approximately $25 per ounce annually from its Nevada power plant investment that is expected to be commissioned by mid-2008.
08:08 ERJ Embraer: Universal airlines buys six Embraer 195 Jets (42.16 )

The co announces it has signed a firm order with JJH Capital, owned by Juan Jose Hidalgo, President of Air Europa and Globalia, for six EMBRAER 195 jets, plus purchase rights for another six aircraft. The total value of the deal is $237 mln, at list price, based on January 2008 economic conditions, and could double, if all purchase rights are confirmed. This deal is already included in Embraer’s fourth quarter firm order backlog as “undisclosed”.
08:08 IP Intl Paper beats by $0.04, beats on revs (30.92 )

Reports Q4 (Dec) earnings of $0.69 per share, $0.04 better than the First Call consensus of $0.65; revenues rose 9.7% year/year to $5.84 bln vs the $5.63 bln consensus.
08:08 RVSN RADVision reports EPS in-line, beats on revs; guides Q1 EPS below consensus, revs below consensus

Reports Q4 (Dec) earnings of $0.11 per share, in-line with the First Call consensus of $0.11; revenues fell 11.9% year/year to $22.3 mln vs the $22 mln consensus. Co issues downside guidance for Q1, sees EPS of ($0.18) vs. $0.07 consensus; sees Q1 revs of $20.0 mln vs. $21.00 mln consensus.
08:08 PSMT PriceSmart reports January comparable warehouse sales of +20.6% (no estimates) (26.07 )

08:07 TYL Tyler Tech wins $2.7 million Odyssey Courts & Justice software contract with Galveston County, Texas (13.68 )

08:07 ARW prelim $0.97, ex items vs $0.93 First Call consensus; revs $4.42 bln vs $4.32 bln First Call consensus

08:06 BHI Baker Hughes announces January 2008 rig counts (65.37 )

Co announces that the international rig count for January 2008 was 1,053, up 17 from the 1,036 counted in December 2007, and up 81 from the 972 counted in January 2007. The international offshore rig count for January 2008 was 291, unchanged from the 291 counted in December 2007 and up 15 from the 276 counted in January 2007. The international rig count for January 2008 reflects a 16 rig increase in Europe. Included in the European rig count is a 17 rig increase in Romania compared to December 2007. The increase in Romania is attributable to improved visibility and coverage of rig activity in the country as well as higher levels of overall activity. The US rig count for January 2008 was 1,749, down 62 from the 1,811 counted in December 2007 and up 35 from the 1,714 counted in January 2007. The Canadian rig count for January 2008 was 494, up 134 from the 360 counted in December 2007 and down 74 from the 568 counted in January 2007.
08:06 ARO Aeropostale reports Jan same store sales +4.7% vs +3.3% Briefing.com consensus; reaffirms Q4 EPS guidance (26.51 )

Co reaffirms EPS guidance for Q4 (Jan), sees EPS of $0.87 vs. $0.88 First Call consensus; preannounces Q4 (Jan) revs of $583.6 mln vs. $585.72 mln consensus.
08:06 MESA Mesa Air reports January traffic including go! Hawaii’s low fare airline (3.66 )

The co reports its preliminary traffic figures for January 2008. Year-over-year available seat miles decreased 11.76% in January 2008 to 690,205 compared to 782,157 in January 2007. Revenue passenger miles decreased 13.15% from 537,740 in 2007 to 467,045 in 2008. Passenger enplanements decreased 14.33% from 1,267,414 in January 2007 to 1,085,778 in January 2008. Year-over-year load factor for the month of January was 67.67% in 2008 compared to 68.75% in 2007. go!’s preliminary traffic figures for January 2008 indicate that its operations generated 11.02 million available seat miles, 6.43 million revenue passenger miles and 43,763 passenger enplanements, resulting in a load factor of 58.36%, compared to 58.41% in 2007. Hawai’i’s low fare leader also recorded an on-time performance rate of 92.5% and an overall completion factor of 99.9% for January 2008.
08:06 SNMX prelim ($0.15) vs ($0.21) First Call consensus; revs $6.4 mln vs $5.87 mln First Call consensus

08:05 Crude: Downward slide expected to continue – Caris

Caris reaffirms their view that the price of oil is headed lower as fundamentals ease thanks to the combination of higher OPEC production, building inventories and demand worries. Firm says technical analysis indicates that oil could well breach the $80/bbl level and they believe that this could occur by the end of the first quarter. Firm maintains their ’08 NYMEX WTI crude oil price forecast of $72.25/bbl. On the bright side, lower oil prices should ease consumers’ worries of $4/gallon gasoline at the pump this summer. A crude price drop would negatively impact crude-focused producers while benefiting refiners, particularly asphalt-focused producers such as Alon USA (ALJ) and Marathon (MRO).
08:05 RGEN Repligen reports Q4 EPS of ($0.01) vs ($0.05) First Call consensus; revs $4.6 mln vs $3.70 mln First Call consensus (6.42 )

We have previously met with the FDA to discuss the results of our Phase 2 clinical study of RG1068, synthetic human secretin, for MRI imaging of the pancreas and we believe that a single positive Phase 3 clinical trial of similar design to the Phase 2 study will be sufficient for an NDA filing. We have finalized the Phase 3 protocol and we plan to initiate the study later this quarter. We believe there may be more than 150,000 pancreatic MRI imaging procedures conducted in the U.S. each year that could benefit from the use of secretin.
08:05 CHUX reports Stoney River Q4 same store sales -4.5% vs -0.1% Briefing.com consensus

08:04 KUN China Shenghuo Pharma to market 12Ways Skin Care Products in the US through agreement with Home Shopping Group (5.04 )

08:04 JAS Jo-Ann Stores preannounces FY08 revs in-line (13.36 )

Co issues in-line guidance for FY08 (Jan), sees FY08 (Jan) revs of $1.88 bln vs. $1.88 bln First Call consensus. Same-store sales increased 3.3% in the fourth quarter and 3.5% for the full-year
08:04 PTIE prelim $0.02 vs $0.04 First Call consensus; revs $14.05 mln vs $14.83 mln First Call consensus

08:04 CHUX reports Ninety-Nine Q4 same store sales -2.6% vs 1.3% Briefing.com consensus

08:04 ORLY O’Reilly Auto enters into standstill agreement with CSK Auto (29.26 )

ORLY announces that it has entered into a Standstill Agreement with CSK Auto Corporation (CAO) and will participate in CAO’s previously announced process. O’Reilly does not intend to provide any further updates with regards to the standstill agreement.
08:04 GPS Gap Inc guides Q4 above consensus; reports Jan same store sales -2.0% vs -6.4% Briefing.com consensus (18.33 )

Co expects Q4 (Jan) EPS of $0.33-0.35 vs Fist Call consensus of $0.29 “January is a clearance month for our company and our brands focused on selling their holiday merchandise to make room for spring assortments…Despite the fact that we entered the month with more units than we had planned, our efforts to clear merchandise were successful and total company merchandise margins were slightly above last year.”
08:04 KTEC prelim $0.20 vs $0.19 First Call consensus; revs $28.9 mln vs $28.00 mln First Call consensus

08:04 PMTI prelim $0.22 vs $0.25 First Call consensus; revs $28.2 mln vs $31.16 mln First Call consensus

08:03 CHUX sees O’Charley’s Q4 same store sales -4.3% vs -1.7% Briefing.com consensus

08:03 BLL Ball Corp wins Warfighter Interface Research & Technology Operations Contract for $49 mln (44.23 )

08:03 ANF Abercrombie reports Jan same store sales 0.0% vs 0.0% Briefing.com consensus (18.37 )

Co issues in-line preannouncement for FY08 (Jan), sees FY08 (Jan) revs of $3.75 bln vs. $3.79 bln First Call consensus.
08:02 TMTA Transmeta announces engagement of financial advisor to help identify options to enhance shareholder value (13.76 )

The co announces that it has engaged Piper Jaffray to work with the co’s Board of Directors and management team to help identify options to enhance shareholder value. Piper Jaffray will also assist the co in evaluating and responding to the unsolicited, highly conditional, indication of interest from Riley Investment Management. The co also announced that the Board is undertaking a thorough and prompt assessment of the unsolicited indication of interest from RIM. The co noted that it does not expect to have completed that assessment by RIM’s requested February 8, 2008 date.
08:02 MGPI prelim $0.30 includes gain, not comparable vs $0.01 First Call consensus; revs $93.9 mln vs $100.55 mln First Call consensus

08:02 SHRP Sharper Image reports January same store sales -11% vs -10.0% Briefing.com consensus (2.28 )

08:02 CHUX sees Y08 same store sales flat or declining

08:02 BJ BJ’s Wholesale reports Jan same store sales +7.8% vs +4.6% Briefing.com consensus

08:02 RZ Raser Technologies: PG&E signs agreement to purchase plug-in hybrid SUVs from Raser Technologies (8.78 )

Pacific Gas and Electric (PCG) announces it has entered into an agreement with Raser Technologies(RZ) for the purchase and demonstration of two plug-in series hybrid electric sport utility vehicles. The vehicles are designed to achieve over 100 miles per gallon in typical daily driving, while operating in near zero emission mode.
08:02 CHUX sees FY08 $0.75-0.90 vs $0.92 First Call consensus

08:02 IP prelim $0.69 vs $0.65 First Call consensus; revs $5.84 bln vs $5.63 bln First Call consensus

08:02 NAPS Napster: Cantor reducing ests, tgt on lower sub growth assumptions (1.73 )

Cantor notes yesterday that NAPS reported fiscal 3Q08 results (Dec 2007 calendar quarter). The co reported rev of $32.8 mln, below their forecast of $33.4 mln. The shortfall was due primarily to the lack of growth in the co’s subscriber base. The co ended the quarter with 743k subs vs. their expectation of 860k. The co also exhibited a slower than expected ramp in mobile music sub growth. Firm has reduced their FY08 and FY09 ests based on the co’s updated guidance and firm’s new reduced subscriber assumptions. They have reduced their assumption for FY09-end subscriber total to 832k from 1.06 mln. Firm’s FY08 rev projection is reduced from $133 mln to $126.7 mln. Firm’s FY09 revenue projection is reduced from $156 mln to $128.5 mln.
08:02 S&P futures vs fair value: -9.6. Nasdaq futures vs fair value: -28.5.

Stock futures point to a negative start. The Nasdaq 100 is set to underperform due to a disappointing outlook from Cisco (CSCO). January same-store sales have not been strong. Wal-Mart (WMT) reported a smaller sales increase than expected, although Costco (COST) managed to top its estimates. The Bank of England decided to cut rates by 25 basis points to 5.25% and the European Central Bank held rates steady at 4.00%. The banks’ decisions were expected. Bond insurer MBIA (MBI) is getting a boost on news of a $750 million common stock offering that may help the company retain its AAA rating.
08:02 STJ St. Jude Medical announces clinical study of deep brain stimulation for depression (40.63 )

Co announces it has received an Investigational Device Exemption from the U.S. Food and Drug Administration to begin enrollment in a controlled, multi-site, blinded, clinical study of deep brain stimulation for major depressive disorder, a severe form of depression.
08:01 FDO Family Dollar reports January same store sales of 0.0% vs -0.2% breifing consensus (18.18 )

08:01 DDS Dillard’s reports Jan same store sales -12.0% vs -5.0% Briefing.com consensus (18.37 )

Co issues downside preannouncemet for FY08 (Jan), sees FY08 (Jan) revs of $7.20 bln vs. $7.38 bln First Call consensus.
08:01 CHUX announces that its Board of Directors have approved a $20 mln increase in the co’s share repurchase authorization

08:01 IMX Implant Sciences receives development contract from Department of Homeland Security (1.00 )

Co announces the award of a six month $100,000 Phase I Small Business Innovation Research contract by the Department of Homeland Security, Science & Technology Directorate for the development of a handheld trace explosives sampler.
08:01 LVLT prelim ($0.06) vs ($0.11) First Call consensus; revs $1.1 bln vs $1.08 bln First Call consensus

08:01 CHUX prelim $0.12 vs $0.20 First Call consensus; revs $215.2 mln vs $223.76 mln First Call consensus

08:00 ZANE Zanett Reiterates Fourth Quarter Guidance for Q4 Revenue to Rise 8-12%; $10 Million in New Contracts since January 1st – no ests


07:58 Cisco not the positive boost that EMS bulls were looking for – Citi

Citigroup says that CSCO’s report is not good news for the EMS co’s, since CSCO’s outlook is key for EMS demand visibility. Cisco commented that trends slowed in Jan below plan, and while many of the EMS companies claimed on their recent earnings conference calls that they are not seeing a slowdown, firm believes that a much more tempered EMS demand build is soon in the works. Firm says EMS company exposure to Cisco include: JBL >10%, SMOD 12%, CLS <10%, FLEX 6- 8%, SANM ~2%.
07:58 Northern Rock to be classified as Public-Sector company – WSJ

WSJ reports struggling mortgage lender Northern Rock will be reclassified as a public co and its debt brought on to the govt’s accounts, Britain’s Office for National Statistics said on Thursday. The move means that Prime Minister Gordon Brown’s government will be at risk of breaching its rule to keep debt below 40% of gross domestic product income. The statistics office said the Newcastle-based lender would be classified as a “public financial corporation,” but stressed it wasn’t being nationalized.
07:58 ARJ sees FY08 $2.55-2.65 vs $2.62 First Call consensus

07:57 ARJ prelim $0.42, includes a $0.30 benefit, may not be comparable to $0.24 First Call consensus; revs $344.2 mln vs $336.27 mln First Call consensus

07:56 BONT Bon-Ton Stores reports Q4 revs of $1.14 bln vs $1.16 bln First Call consensus; Jan same store sales -1.3% vs -6.0% Briefing.com consensus (6.14 )

“January sales were slightly below expectations, but we are pleased with the early results of our semi-annual home sale that began in the third week of January. This is the first big event of the new season and we had double-digit increases as the customer responded favorably to our new spring assortment in both soft and hard home. Other businesses that performed well included shoes, petites and children’s. The weakest performing businesses were missy outerwear, dresses, juniors and furniture. As we enter the new fiscal year, we are comfortable with our inventory levels, which are down 4% on a comparable store basis. We are well-positioned to execute our merchandise strategies to drive our business.”
07:56 Senate Stimulus Bill fails to advance – WSJ

WSJ reports Senate Democrats’ plan to jump-start the economy failed to clear a hurdle, leaving in limbo the effort to provide rebate checks to mlns of people and tax breaks to businesses. Supporters of the Senate bill fell one vote short of the 60 needed to advance it, as most Republicans stuck together to oppose a plan for rebate checks of at least $500 to an estimated 135 mln households in this election year. Eight Republicans broke with their leadership and supported the bill, including four who are up for re-election. Senators still hope to send an economic-stimulus bill to President Bush by midmonth, though last night’s vote increases the chances the Senate will have to move closer to a House-passed package to meet that goal. A spokesman for Senate Majority Leader Harry Reid (D., Nev.) said the senator “is going to give Republicans another chance to reconsider their vote.”
07:55 ASPM Aspect Medical beats by $0.03, reports revs in-line; guides Q1 slightly below consensus (12.03 )

Reports Q4 (Dec) earnings of $0.02 per share, $0.03 better than the First Call consensus of ($0.01); revenues fell 0.1% year/year to $23.9 mln vs the $23.9 mln consensus. Co issues downside guidance for Q1, sees EPS of $(0.01)-0.00 vs. $0.01 consensus; sees Q1 revs of $23.5-24.5 mln vs. $24.8 mln consensus.
07:55 ALVR Alvarion: Lowered estimates set stage for potential positive momentum throughout the year – Susquehanna (7.80 ) -Update-

07:54 AU Anglogold reports Q4 results, issues Y08 production guidance (39.87 )

Co reports Q4 production 5% lower yr/yr at 1.37Moz, due to safety interventions in South Africa and the operational difficulties experienced at Geita gold mine in Tanzania. Co reports total costs of $404/oz, principally affected by lower production and currency movements. Adjusted headline earnings for Q4 were $18 mln, after deducting $64 mln in accounting adjustments, including tax provisions, rehabilitation and other adjustments. Co sees Y08 production of 4.8Moz-5.0Moz of gold at cash costs of $425-435/oz.
07:53 EXBD Corp Exec Bd: Color on quarter (51.82 )

Lehman notes last night, EXBD reported better-than-expected 4Q07 EPS, but disappointing 2008 guidance. Firm expects the shares to open significantly lower. However, key operating metrics were weak: 1) contract value up 10.7% (vs. +16.2% last Q & +15% est.); 2) the cross sell ratio to large clients fell seq. & y/y; 3) EXBD did not report sales headcount, which likely indicates it remains below plan, in their view; and 4) cash flows fell significantly y/y. Firm is reducing `08 and `09 EPS by $0.31 & $0.47 to $2.05 and $2.32 (-5% & +13% y/y, resp.). Firm is also cutting their target to $42. They expect EXBD to fall sharply this morning as investors recalibrate valuation to level more appropriate for low/no growth outlook. Firm recommends waiting for concrete signs of progress before becoming more aggressive… Robert Baird notes Q4 contract value came in well below expectations, which they attribute to sales force turnover/productivity challenges as well as macro economic weakness, and will result in substantially lower revenue and earnings growth in 2008 than previously expected. Firm is cutting their FY08 EPS est to $2.10 from $2.50 and lowering their tgt to $45. Maintaining Neutral rating with the expectation that the stock will open sharply lower ($40 Brenton Flynn or below).
07:52 ANN AnnTaylor sees FY07 revs in-line with guidance; Jan same store sales 0.0% vs -3.6% Briefing.com consensus (24.02 +0.47)

The co sees FY07 revs of $2.40 bln vs $2.40 bln First Call consensus.
07:51 AWR Amer States Water sees Q4 higher operating expenses and lower water sales yr/yr (34.34 )

Co’s Q4 billed water sales were down approx 5% yr/yr due to weather changes and increased conservation efforts.
07:48 GSK GlaxoSmithKline 4Q profit dips; sees tough 2008 – DJ (45.88 )

DJ reports the co posted a declining fourth-quarter pretax profit, hit by falling sales of diabetes drug Avandia, competition from cut-price generic medicines and a weak dollar. The co also warned that 2008 earnings will be hit by the continued decline of Avandia sales, together with increased competition from cut-price generics in the U.S. At constant exchange rates, underlying earnings per share in 2008 are expected to show a mid-single digit percentage decline, GlaxoSmithKline said. Although GSK has one of strongest drug pipelines in the industry, its top-selling products have either suffered serious setbacks or are due to lose patent protection, while the U.S. approval of potential blockbuster vaccine Cervarix, which protects against cervical cancer, is still on hold.
07:47 ASPM sees Q1 ($0.01)-0.00 vs $0.01 First Call consensus; sees revs $23.5-24.5 mln vs $24.8 mln First Call consensus

07:47 MBI MBIA Inc: Ups capital plans – FBR (14.28 )

Friedman Billings is maintaining their Market Perform rating following the co’s announced next phase of its capital initiatives, increasing its planned capital raise from $500 mln to $750 mln through the issuance of common stock. Warburg is offering to backstop the deal through a convertible participating preferred stock offering. The increased capital and continued commitment from Warburg moves MBI further away from their projected worst case runoff scenario, in which regulators take aggressive action to trap capital at the operating subsidiary. However, it remains unclear whether the additional $250 mln will be enough to placate the rating agencies, especially Fitch, which has recently stated that higher levels of losses may be inconsistent with a triple-A rating, regardless of capital levels. While firm suspects that the rating agencies have been consulted about the capital plan, it is difficult to gain any confidence that the rating agencies’ capital requirements will not change going forward, as they frequently have over the last few months.
07:47 CME CME Group: Citigroup comments on DOJ letter; believe CME’s shares could rebound in the short-term (485.25 ) -Update-

Citigroup notes that CME fell 18% yesterday following a Dept of Justice letter suggesting that exchanges ownership of “clearing” was anti-competitive. Both CME and NMX defended their vertical models in press releases. They note the CFTC (regulates futures) also released a scathing response to the DOJ’s position and effectively supported CME by noting CFTC’s market neutral/more hands off approach. Virtually all of the firm’s futures industry contacts believe the likelihood of the DOJ letter turning into a tangible action forcing clearing away from CME is very low (they would agree). While the issues noted above put a cloud over the stock, they believe CME’s shares could rebound in the short-term as the initial panic subsides, but a lack of recovery would be a bad sign for the sector.
07:46 SCSS Select Comfort downgraded to Underperform from Market Perform at Morgan Keegan (7.15 )

07:46 ASPM prelim $0.02 vs ($0.01) First Call consensus; revs $23.9 mln vs $23.9 mln First Call consensus

07:45 CAO CSK Auto enters into standstill agreement with O’Reilly Automotive (9.10 )

Co announces that it has entered in a Standstill Agreement with O’Reilly Automotive (ORLY) to share non-public information relating to CAO’s business as a part of the CAO Board of Directors’ ongoing review of strategic alternatives. “Our Board is currently exploring alternatives for preserving and maximizing stockholder value and, in connection with this effort, more than 20 parties have been granted access to non-public information related to CAO’s business,” said Larry Mondry, CAO’s President and CEO. “We are pleased that we have been able to reach an agreement with O’Reilly that will enable them to participate in our process.”
07:45 ECONX As expected, the ECB leaves rates unchanged at 4.00%

07:44 BR Broadridge Financial reports Q2 results above consensus; issues FY08 guidance (23.00 )

Co reports Q2 $0.21 vs $0.16 First Call consensus; revs $474.4 mln vs $436.65 mln First Call consensus. Co sees FY08 at higher end of $1.30-1.40 vs $1.34 First Call consensus. “We are pleased with our second quarter revenue and earnings, which continue to be enhanced by market activity. Increased trading volume continues to provide positive momentum, although it provided less benefit this quarter than in our first quarter. Event-driven revenue was a more significant contributor this quarter than it was in our first quarter. Our operating margin increased, largely as a result of the inherent operating scale in our business. We believe that our strong second quarter performance and volume trends move us towards the higher end of our $1.30-1.40 earnings per share guidance range… The first half of our fiscal year has provided a great start. However, we do not expect to see the same magnitude of positive year-over-year performance in our financial results in the second half of the year. Markets are difficult to predict, therefore our guidance does not contemplate any major change in the markets we serve that could result in a significant change in market activity.”
07:44 BT BT Group 3Q net profit -1%, misses revenue targets – DJ (50.68 )

DJ reports the co posted a 1% drop in third-quarter net profit and missed revenue targets, as competition in the broadband mkt took its toll. The former telecommunication monopoly saw net profit for the three months to Dec. 31 drop to GBP461 mln from GBP465 mln, while revenue fell short of analysts’ expectations, growing slightly to GBP5.15 bln from GBP5.13 bln.
07:44 TRA Terra Industries beats by $0.02, beats on revs (42.67 )

Reports Q4 (Dec) earnings of $0.66 per share, $0.02 better than the First Call consensus of $0.64; revs rose 26.8% yr/yr to $570 mln.
07:44 KVHI KVH Industries beats by $0.02, beats on revs; guides Q1 EPS in-line, revs in-line; guides FY08 EPS in-line, revs above consensus (7.96 )

Reports Q4 (Dec) earnings of $0.06 per share, $0.02 better than the First Call consensus of $0.04; revenues rose 13.2% year/year to $19.7 mln vs the $18.8 mln consensus. Co issues in-line guidance for Q1, sees EPS of $0.08-$0.12 vs. $0.10 consensus; sees Q1 revs of $23-$25 mln vs. $23.81 mln consensus. Co issues in-line guidance for FY08, sees EPS of $0.36-$0.44 vs. $0.43 consensus. Says FY08 revs will grow in the range of 14%-20%, compared to fiscal year 2007 (calculates to roughly $92.2-$97 mln vs $89.5 mln consensus).
07:43 STD Banco Santander Q4 net profit down 6% on Sovereign Write-Down – DJ (16.69 )

DJ Reports the bank said fourth-quarter net profit fell 6% as the bank took a EUR737 mln write-down in its main U.S. investment. Spain’s largest bank by assets said quarterly net profit fell to EUR2.49 bln from EUR2.65 bln in the fourth quarter of 2006. Underlying fourth-quarter net profit rose 29% to EUR2.12 bln from EUR1.64 bln, helped by solid revenue expansion across Europe and Latin America. Fourth-quarter net interest income grew 20% to EUR2.92 bln from EUR3.27 bln. Analysts called for quarterly net profit, excluding extraordinary gains and charges, at EUR2 bln, while net interest income was expected at EUR3.96 bln.
07:42 SAM Boston Beer Co initiated with an Overweight at HSBC- tgt $43 (36.93 )

07:42 LH Laboratory Corp beats by $0.03, beats on revs; guides FY08 revs in-line (73.41 )

Reports Q4 (Dec) earnings of $1.04 per share, excluding non-recurring items, $0.03 better than the First Call consensus of $1.01; revenues rose 11.9% year/year to $1.01 bln vs the $0.99 bln consensus. Co issues guidance for FY08, sees FY08 EPS of $4.73-4.88 pre the acquisition of additional partnership units of its Ontario Canada based JV, and $4.74-4.90 post JV transaction vs. $4.33 bln consensus; co sees revs up 7-8% pre-JV transaction and up 13-14.3% post-JV transaction.
07:42 DSW DSW pre-announces Q4 revs $332.5 mln vs $337.79 mln First Call consensus, reports same store sales -1.7% (18.06 )

07:41 ARUN Aruba Networks downgraded to Average at Caris- tgt $12 (8.09 )

Caris downgrades ARUn to Average from Above average and cuts their tgt to $12 from $18 saying with approx 70% exposure in the N.A market combined with strong presence in the enterprise and retail sector, they believe ARUN may be impacted by shrinking I.T budgets combined with delays in spending. As a result, they are taking a cautious approach and recommending investors to stay on the sidelines for now.
07:39 MDTH Medcath reports Q1 (Dec) results, revs in-line (25.83 )

Reports Q1 (Dec) earnings of $0.15 per share, includes items, may not be comparable to the First Call consensus of $0.29; revenues fell 6.7% year/year to $163.7 mln vs the $163.9 mln consensus.
07:39 LH prelim $1.04 vs $1.01 First Call consensus; revs $1.01 bln vs $992.55 mln First Call consensus

07:39 RACK Rackable Systems: Color on quarter (7.99 ) -Update-

Merriman says RACK reported 4Q07 rev of $111.6 mln, up 28% sequentially, and ahead of their $105.7 mln est and the Street’s $106.3 mln est. Non-GAAP gross margin increased to 21.7% vs. 19.2% last quarter and was nicely ahead of firm’s 18.9% est. Proforma EPS was $0.18, which was ahead of their $0.06 est and the street’s $0.05 est. The co generated $46 mln in cash from operations in FY07, and total cash is now $198 mln or around $7.00 per share. The co expects to generate at least this amount in FY08… Thomas Weisel says RACK reported positive 4Q07 results on better-than-expected gross margin expansion. RACK reported 4Q07 rev of $112 mln and EPS of $0.18, above TWP ests of $109 mln and $0.05 and consensus ests of $106 mln and $0.05. Non-GAAP gross margin improved from 19.2% to 21.7%, which primarily drove the positive EPS upside. Firm notes that the non-GAAP 21.7% gross margin reported for the quarter was 130bp above the high end of implied guidance of 20.4%. The EPS result for the Dec quarter excludes an estimated $0.74 of a one-time impairment of goodwill as well as $0.09 of recurring non-cash items…
07:39 SBH Sally Beauty misses by $0.01, misses on revs (7.44 )

Reports Q1 (Dec) earnings of $0.08 per share, $0.01 worse than the First Call consensus of $0.09; revenues rose 4.1% year/year to $655.8 mln vs the $662.8 mln consensus.
07:38 AKAM Akamai Tech: Color on quarter (28.73 ) -Update-

Citigroup states AKAM reported 4Q results with upside to both rev and EPS. They recommend investors use recent market/AKAM share weakness as an opportunity to build/add to positions in AKAM. Firm sees the strong 4Q results and ’08 guidance as sentiment changing catalysts. They think the bear arguments of customer defections, competition and pricing pressure will fade with each passing Q they fail to materialize. While AKAM’s rev growth will decelerate from almost 50%/year over the last two years; firm expects ~25% rev and EPS CAGR through 2009 will afford the shares a significantly higher multiple than the current 18x. While AKAM is unlikely to be totally immune from economic weakness; it should have relatively superior growth… Merriman expects AKAM’s gross margin to continue to decline through 2008 and beyond as a result of both increased competition and volume discounting. At the same time, top-line and EBITDA growth appears to be reverting to that of its peer group, which consequently reduces its premium valuation. Firm still believes the acquisition of Nine Systems and Netli will prove to be very strong acquisitions and that Akamai is now in a better position strategically to maintain its dominant market share, however they believe this is reflected in its current share price… Friedman Billings notes last night AKAM reported very strong 4Q07 results, with upside to rev, margins, and EPS. Management provided 2008 revenue and EPS guidance that was ahead of consensus. Declining gross margins continue to be more than offset by larger deals, increased bandwidth demand, adoption of value-added services, and operating leverage. This has driven operating and EBITDA margin expansion, which they expect to continue. Firm also believe ARPU will continue to move higher, thanks to increases in volume and the adoption of value-added services.
07:38 GHDX Genomic Health upgraded to Outperform from Sector Perform at RBC (22.79 )

07:37 GOT Gottschalks reports preliminary revs of $204.4 mln (no estimates), same store sales decrease 8.5% (2.57 )

Reports preliminary Q4, 13 week, revenue of $204.4 mln (no estimates), down 14.2% from 14-week Q4 period in FY06. Same store sales for the comparable 13-week period decreased 8.5% from 4Q06.
07:37 ALVR Alvarion: Cautious outlook requires a more critical look at the competitive landscape; lowering ests – Merriman (7.80 ) -Update-

Merriman says that despite posting solid 4Q07 results, they continue to see two factors contributing to ALVR’s tepid FY08 outlook – namely increasing competitive pressure from larger rivals, and growing concerns about the viability of the fixed wireless broadband business model. While the negative effects of interest and exchange rates will not help matters, firm believes the market should focus on the bigger picture heading into 2008. That is, can Alvarion compete with the tier1’s in urban mobile applications, and if not, can it deliver operating leverage serving its current markets?
07:37 SMRT Stein Mart sees Q4 EPS and revs above consensus; reports Jan same store sales -2.5% vs -8.0% Briefing.com consensus (5.45 )

Guides Q4 EPS of ($0.28-0.33) vs ($0.44) First Call consensus; revs $417.4 mln vs $402.50 mln First Call consensus. Co also suspends quarterly dividend.
07:37 RAI Reynolds American reports EPS in-line, misses on revs (64.56 )

Reports Q4 (Dec) earnings of $1.15 per share, in-line with the First Call consensus of $1.15; revenues rose 7.8% year/year to $2.23 bln vs the $2.28 bln consensus. Co also sees FY08 EPS mid-single-digit percentage growth, up from 2007 adjusted EPS of $4.57. The co also says “And we plan to deliver mid- single-digit growth over the next several years.”
07:37 SPR Spirit Aerosystems reports Q4 (Dec) results, misses on revs; reaffirms FY08 EPS guidance, revs guidance (27.15 )

Reports Q4 (Dec) earnings of $0.54 per share, includes $0.02 of expense associated with the co’s evaluation of Airbus’ European manufacturing sites, may not be comparable to the First Call consensus of $0.56; revenues rose 15.0% year/year to $980 mln vs the $1055.8 mln consensus. Co reaffirms guidance for FY08, sees EPS of $2.30-2.40 vs. $2.42 consensus; sees FY08 revs of approx $4.7 bln vs. $4.71 bln consensus.
07:37 ABCO Advisory Board profiled in New America section of IBD (54.70 )

IBD reports medicare and Medicaid reimbursement get lower. Nursing shortages are acute. And costs keep rising. Despite the challenges, though, some hospitals and medical organizations have figured out innovative ways to make ends meet. Advisory Board makes sure those tricks don’t remain a secret. The co conducts research and disseminates best practices to hospitals, pharmaceutical cos and others in the $2.3 trillion U.S. health care field. There’s some growth there. The Centers for Medicare and Medicaid Services say spending on health care has been climbing about 7%. It expects that to continue through at least 2016. But Advisory Board has grown faster… The co is branching out to advise colleges and universities. “We think that’s going to be an important market for them,” said Brandt Sakakeeny, an analyst at Deutsche Bank Securities. “There’s really no one targeting it right now.” Advisory Board says college and universities are a logical place to expand. Higher-education leaders face similar challenges, such as rising expectations, increased public scrutiny and issues of affordability and access… Hospitals and other medical groups typically aren’t shy about sharing their data and know-how with Advisory Board. There also is a spirit of cooperation in the medical field, the co says. Hospitals typically don’t view distant facilities as direct competition.
07:37 NBR Nabors Ind: International markets could provide catalyst – FBR (28.95 ) -Update-

Friedman Billings notes NBR reported operating EPS of $0.70 vs. consensus of $0.73, including a $0.04 loss from investing but excluding an $0.08 gain from oil and gas activities. Headline EPS was $0.78. Firm believes market sentiment may have bottomed for NBR; however, the timing of a North American activity rebound is elusive at present and may not occur until 2009, given the pending growth in LNG imports into the U.S. later this year. If Nabors’ management is correct and the bottom is near for the U.S. land rig market, its strong international growth could finally start to garner some appreciation.
07:36 AMLN Amylin Pharms: ACCORD Trial data may point to weight as culprit – Friedman Billings (30.50 ) -Update-

Friedman Billings notes yesterday morning, the National Heart, Lung, and Blood Institute announced they are discontinuing treatment for patients enrolled in the intensive arm of the ACCORD study in Type II diabetes due to a higher number of deaths reported in that arm relative to the standard-treatment arm (257 vs. 203). Because Byetta was one of the drugs used in the intensive arm, the stock market interpreted this news as a negative for AMLN. Firm does not think it’s a negative. In fact, even though NHLBI said there was no single culprit, it is possible that insulin will emerge as the more risky of these drugs, certainly for patients with existing heart problems. In that case, Byetta-which causes weight loss on average-could emerge as an insulin alternative. Firm continues to believe LAR is a best-in-class drug that should garner at least $3 billion in worldwide peak sales.
07:36 BDC Belden beats by $0.01, beats on revs; guides FY08 EPS in-line, revs in-line (40.68 )

Reports Q4 (Dec) earnings of $0.83 per share, $0.01 better than the First Call consensus of $0.82; revenues rose 54.3% year/year to $584.6 mln vs the $572 mln consensus. Co issues in-line guidance for FY08, sees EPS of $3.45-$3.75 vs. $3.62 consensus; sees FY08 revs of $2.2-$2.3 bln vs. $2.27 bln consensus.
07:36 NANX Nanophase Tech: Expect weakness in housing to continue to impact business – Broadpoint Capital (3.72 )

Broadpoint Capital does not expect much of a surprise from Dec. results. Firm expects NANX to report an in-line 4Q:CY07 as in mid-January, Nanophase announced that 4Q revs would come in at approx $2.6 mln. This would represent 21% rev growth from 4Q:CY06 revs of $2.17 mln. At $2.6 mln, fourth-quarter 2007 revs would represent the highest fourth quarter in the co’s history. Firm’s channel checks at several Home Depot stores from different regions of the country indicate that while BEHR’s newly launched exterior paint Premium Plus had seen good traction with customers in the second and third quarters of CY07, painting activity in general has declined given the recent housing slowdown, consumer worries, and seasonality.
07:35 TNH Terra Nitrogen reports Q4 EPS of $3.59 vs $2.60 single analyst est (135.82 )

TNH’s 2007 earnings improvement over those of 2006 was due to higher sales volumes and selling prices, and lower natural gas costs. 2007 results were affected by the same factors affecting fourth quarter results: strong commodity grain prices driven by low global grain inventories and a tight global nitrogen supply/demand balance.
07:35 RAI for FY08 EPS sess Mid-single-digit percentage growth, up from 2007 adjusted EPS of $4.57

07:35 CCJ Cameco: Weaker results and guidance; acquisitions hold promise; lowering tgt to $41 – FBR (31.85 ) -Update-

Friedman Billings is lowering their 2008 and 2009 ests to C$2.35 and C$2.69 from $2.65 and $3.19, respectively. Firm lowers their price tgt to $41/share. 2008 guidance was weaker than they anticipated on lower production forecast and higher costs, but offset by higher gold production and prices at Centerra Gold. A ray of hope was reported on the Cigar Lake remediation. Firm welcomed hearing mgmt on the conference call emphasizing the resiliency of the long-term uranium price index at $95/lb, despite the short-term spot price volatility. In terms of co specific catalysts for stock, firm believes potential acquisitions and progress on Cigar Lake will be most important this year. On the macro front, firm expects shares to rebound gradually with spot uranium prices.
07:35 ADS Alliance Data’s Canadian Loyalty business signs multi-year renewal with real estate Century21 Canada (51.37 )

07:34 CSCO Cisco Systems: Color on quarter (23.08 ) -Update-

Wachovia expects significant N.T. pressure with shares remaining range bound over coming months. They state that CSCO’s reduced growth forecast has left investors with a VERY tough call. Cisco is clearly seeing more macro-driven downward pressure than previously expected. January orders missed expectations and therefore have resulted in the company reducing growth to 10% yr/yr looking into FQ3’08. Firm also highlights the fact that the co will see tough comps looking out over the next 3-4 qtrs, weakening service provider growth in Europe, ongoing questions around organic growth trends; coupled with what appears to be a worsening level of global economic uncertainty… Citigroup says that although firm anticipated a modest take-down was likely, the magnitude and abruptness with respect to the deceleration will generate more questions than answers over the next several months as investors look for the second shoe to drop. Firm cuts tgt to $25 from $28… Jefferies says CSCO provided cautious outlook for April quarter as it experienced significant slowdown in month of January, with two largest regions U.S. and Europe softening. Despite the challenging environment, firm believes CSCO could fair well due to its broad product, customer and geographic diversification.
07:34 TRA prelim $0.66 vs $0.64 First Call consensus; revs $570 mln

07:34 FNLY Finlay Enterprises reports preliminary revs above consensus; comparable store sales decrease 6.4% (1.72 )

Reports preliminary revs of $383.4 mln vs consensus of $373.56 mln. Comparable store sales for Q4 decreased 6.4%.
07:34 KVHI sees FY08 $0.36-0.44 vs $0.43 First Call consensus

07:33 RAI prelim $1.15 vs $1.15 First Call consensus; revs $2.23 bln vs $2.28 bln First Call consensus

07:33 KVHI sees Q1 $0.08-0.12 vs $0.10 First Call consensus; sees revs $23-25 mln vs $23.81 mln First Call consensus

07:33 SPR sees FY08 $2.30-2.40 vs $2.42 First Call consensus; sees revs approx $4.7 bln vs $4.71 bln First Call consensus

07:33 BDC sees FY08 $3.45-3.75 vs $3.62 First Call consensus; sees revs $2.2-2.3 bln vs $2.27 bln First Call consensus

07:33 KVHI prelim $0.06 vs $0.04 First Call consensus; revs $19.7 mln vs $18.82 mln First Call consensus

07:33 COGO Comtech partners with Freescale Semiconductoer to design automotive solutions in China; expects new business in 2H2008 (10.55 )

The co announces it is forming a breakthrough alliance with Freescale Semiconductor, one of the world’s largest semiconductor cos for the automotive, consumer, industrial, networking and wireless markets. Using Comtech’s innovative business model, the cos expect to generate meaningful results by the second half of 2008.
07:32 JWN Nordstrom reports Jan same store sales -6.6% vs -0.6% Briefing.com consensus (36.33 )

Co pre-reports Q4 (Jan) revenue of $2.51 bln vs $2.58 bln First Call consensus.
07:32 SPR prelim $0.54 vs $0.56 First Call consensus; revs $980 mln vs $1.06 bln First Call consensus

07:32 MDTH prelim $0.15, may not compare to the $0.29 First Call consensus; revs $163.7 mln vs $163.93 mln First Call consensus

07:32 BDC prelim $0.83 vs $0.82 First Call consensus; revs $584.6 mln vs $571.95 mln First Call consensus

07:32 FNLY reports Q4 prelimary revs of $383.4 mln vs consensus of 373.56 mln

07:32 CBK Christopher & Banks reports January same store sales -6% vs -2.8% Briefing.com consensus (11.75 )

Co sees Q4 EPS of ($0.05)-($0.07) vs $0.03 consensus.
07:31 SBH prelim $0.08 vs $0.09 First Call consensus; revs $655.8 mln vs $662.84 mln two analyst est

07:31 BR sees FY08 $1.30-1.40 vs $1.34 First Call consensus

07:31 MPAA Motorcar Parts & Access. names David Lee as the new CFO; previous CFO Mervyn McCullouch, will become Chief Acquisitions Officer (7.21 )

07:31 BR prelim $0.21 vs $0.16 First Call consensus; revs $474.4 mln vs $436.65 mln First Call consensus

07:30 CHTP Chelsea Therapeutics begins patient dosing in pivotal phase III trial of droxidopa in neurogenic orthostatic hypotension (6.12 +0.11)

Co announces that it has initiated patient dosing in study 302, the first of two pivotal Phase III trials designed to demonstrate efficacy and support US marketing of approval of Droxidopa in neurogenic orthostatic hypotension. It is anticipated that both pivotal studies will be completed by year-end 2008, allowing for a new drug application to be filed with the FDA early in 2009.
07:28 WMT Wal-Mart reports Jan same store sales +0.5% vs +2.1% Briefing.com consensus; reaffirms Q4 EPS guidance (48.83 )

Unfavorable weather negatively affected overall general merchandise sales, especially in the Midwest. Gift card redemptions were below expectations, and customers appear to be holding gift cards longer and using them more often for food and consumables rather than discretionary purchases. Co reaffirms guidance for Q4 (Jan), sees EPS of $0.99-1.03 vs. $1.02 First Call consensus. Co sees Feb same store sales flat to +2%.
07:26 CTR Cato reports Jan same store sales +1.0% vs -7.0% Briefing.com consensus; Reaffirms 4Q and Full Year EPS Estimate (15.65 )

Co reports Q4 net sales of $209.4 mln vs $207.4 mln consensus. Co reaffirms Q4 EPS will be at the low end of the ($0.08)-$0.00 range, vs ($0.08) consensus. Reaffirms full year EPS in range of $0.99-$1.07 (vs $0.99 consensus).
07:25 TIN Temple-Inland: Hearing downgraded to neutral from buy at tier 1 firm (17.29 )

07:24 CME CME Group: WSJ article discusses yesterday’s DOJ letter & CFTC response (485.25 )

WSJ reports that Chicago Mercantile Exchange parent CME countered against a Justice Department recommendation that futures exchanges not be allowed to own or control lucrative “clearing” businesses that process trades. The Commodity Futures Trading Commission, which oversees futures exchange, is reviewing the Justice Department letter. A spokeswoman for the agency said that “the CFTC is charged not only with encouraging fair competition, but also enhancing financial integrity and minimizing systemic risk.” One CFTC commissioner, Bart Chilton, criticized the letter as “troubling.” In a statement, he wrote: “The DOJ staff letter has, unfortunately, roiled the markets; this is precisely the kind of behavior that government regulators are supposed to take ordinary care and attention to avoid.” The Treasury Department will make a decision on the recommendation as part of a new blueprint for financial markets regulation due to be outlined later this spring, a Treasury spokeswoman said.
07:24 PLD ProLogis beats by $0.11; guides FY08 FFO in-line (55.70 )

Reports Q4 (Dec) funds from operations of $0.79 per share, $0.11 better than the First Call consensus of $0.68; total revs are up 29.1% yr/yr to $799.9 mln. Co issues in-line guidance for FY08, sees FFO of $4.65-4.85 vs. $4.83 consensus.
07:24 WMG Warner Music Group downgraded to Neutral from Buy at Merrill (6.94 )

07:23 DTV DIRECTV upgraded to Buy from Neutral at Merrill (22.81 )

07:23 UL Unilever PLC fourth-quarter profit drops on job-cut costs – Bloomberg.com (31.20 )

Bloomberg.com reports co reported a 64% decline in Q4 earnings because of costs to reduce jobs. Net income was $1.05 bln, down from a year earlier. Unilever said the U.S. market is “softening” and European growth will “moderate” in the current quarter. Fourth-quarter sales rose 6.1%, the most in five years, as Unilever raised prices in Europe to counter surging raw-material costs. (UL UN)
07:22 PLD reaffirms FY08 funds from operations of $4.65-4.85 vs $4.83 First Call consensus

07:21 DO Diamond Offshore misses by $0.07, misses on revs (110.30 )

Reports Q4 (Dec) earnings of $1.61 per share, $0.07 worse than the First Call consensus of $1.68; revenues rose 15.3% year/year to $666.7 mln vs the $680.7 mln consensus.
07:21 TGX Theragenics reports Q4 EPS of $0.03; revs increased 2.7% (3.80 )

Reports Q4 EPS of $0.03 compared with $0.12 YoY; revs increased 2.7% to $15.2 mln vs $14.8 mln YoY. “We are also actively pursuing continued growth and diversification through acquisitions.”
07:20 PRICE Filings, Offerings, Pricings and IPOs

Filings: Javelin Pharmaceutic (JAV) files for a $60 mln mixed shelf offering… Particle Drilling (PDRT) files for a $20 mln mixed shelf offering… Pricings: Biodel (BIOD 15.95) prices a 3.81 mln share common stock secondary offering at $154.50/share.
07:20 PLD prelim funds from operations of $0.79 includes items may not be comp vs $0.68 First Call consensus

07:20 AHII Animal Health Intl reports Q2 (Dec) results, beats on revs; guides FY08 revs in-line (11.95 )

Reports Q2 (Dec) earnings of $0.23 per share, may not be comparable to the First Call consensus of $0.29; revenues rose 19.3% year/year to $203.2 mln vs the $190.4 mln consensus. Co issues in-line guidance for FY08, sees FY08 revs of $700-730 mln vs. $707.54 mln consensus; co reaffirms EBITDA guidance of $38-40 mln.
07:18 PENN Penn Natl Gaming misses by $0.05, misses on revs (50.13 )

Reports Q4 (Dec) earnings of $0.36 per share, $0.05 worse than the First Call consensus of $0.41; revenues rose 2.3% year/year to $585.8 mln vs the $593.3 mln consensus. Note that on June 15, 2007, the co announced that it had entered into a definitive agreement to be acquired by certain funds managed by affiliates of Fortress Investment Group. The co is seeking to complete the merger late in 2Q08.
07:18 BKRS Bakers Footwear reports preliminary Q4 revs slightly below consensus; comparable sales decrease 6.8% (3.12 ) -Update-

Reports Q4 preliminary revenues of $54.7 mln vs the $54.98 mln consensus. Comparable store sales for Q4 decreased 6.8%, compared to a 13.8% decrease for 4Q06. Co states, “…As we begin fiscal 2008, we are pleased with our positioning, having ended the quarter with inventories in excellent shape, and with added liquidity from our recent financing transaction. This, combined with early favorable reads on spring product, positions us well for a rebound in 2008.”
07:18 SPC Spectrum Brands misses by $0.03, misses on revs (4.58 )

Reports Q1 (Dec) earnings of $0.06 per share, excluding non-recurring items, $0.03 worse than the First Call consensus of $0.09; revenues fell 0.7% year/year to $560.5 mln vs the $594.1 mln consensus.
07:18 NWY New York & Co pre-reports JanQ revs below consensus, affirms prior EPS guidance (5.42 )

Co pre-reports Q4 (Jan) revenue of $359.4 mln vs First Call consensus of $380 mln. Same store sales declined 3.5%. Co remains comfortable with Q4 guidance it gave on Jan 14. Expects EPS of $0.15-0.19 vs $0.18 consensus. Co says that while its expects FY08 to remain challenging, it is pleased with the early response to its new Spring product and the appeal of its assortments coupled with continued tight control of inventory and expenses have the co positioned solidly.
07:17 MLNM Millennium Pharm reports Q4 results (14.41 )

Co reports Q4 EPS of $0.13 vs $0.13 First Call consensus; revs $181.2 mln vs $159.47 mln First Call consensus. “In 2008, the Company is focused on elevating its success by maximizing the launch of VELCADE in newly diagnosed multiple myeloma, initiating a pivotal trial program with MLN0002 in inflammatory bowel disease and achieving our financial guidance.”
07:17 CNMD CONMED beats by $0.06, beats on revs (24.24 )

Reports Q4 (Dec) earnings of $0.44 per share, excluding non-recurring items, $0.06 better than the single estimate of $0.38; revenues rose 11.6% year/year to $189.6 mln vs the $180.7 mln single estimate.
07:17 ELNK EarthLink beats by $0.04, reports revs in-line (6.67 )

Reports Q4 (Dec) earnings of $0.19 per share, $0.04 better than the First Call consensus of $0.15; revenues fell 14.1% year/year to $281.9 mln vs the $281 mln consensus.
07:16 MKSI MKS Instruments beats by $0.08, beats on revs; guides Q1 (Mar) EPS in-line, revs in-line (17.89 )

Reports Q4 (Dec) earnings of $0.33 per share, $0.08 better than the First Call consensus of $0.25. Co issues upside guidance for Q1 (Mar), sees EPS of 0.28-0.35 vs. $0.26 consensus; sees Q1 (Mar) revs of 180-190 mln vs. $173.33 mln consensus.
07:16 TMA Thornburg Mortg upgraded to Neutral at Credit Suisse- tgt $12 (12.77 )

Credit Suisse upgrades TMA to Neutral from Underperform and raised their tgt to $12 from $5 following earnings. The firm says TMA had a net spread of 71 bps in the third quarter compared to a “normalized” spread of 65 bps in September. The spread should have additional improvement in the first quarter as TMA has $18.1 bln of fixedrate assets funded with floating-rate debt. Additionally the firm says TMA has seen a 20- 30 bp reduction in its financing spreads from the widest levels. Thornburg indicated on the conference call that it was adding assets at a 250 bp spread today.
07:15 DO prelim $1.61 vs $1.68 First Call consensus; revs $666.7 mln vs $680.67 mln First Call consensus

07:15 TBL Timberland beats by $0.01, misses on revs (15.93 )

Reports Q4 (Dec) earnings of $0.52 per share, excluding non-recurring items, $0.01 better than the First Call consensus of $0.51; revenues fell 9.3% year/year to $442.7 mln vs the $460.2 mln consensus. TBL sees Y08 low-single digit revenue declines.
07:14 PEP PepsiCo beats by $0.01, beats on revs; guides for FY08 (66.73 )

Reports Q4 (Dec) earnings of $0.80 per share, excluding non-recurring items, $0.01 better than the First Call consensus of $0.79; revenues rose 16.8% year/year to $12.35 bln vs the $11.56 bln consensus. PEP intends to repurchase approx $4.3 bln in 2008. For 2008, the Company expects 3% to 5% volume growth, mid-to-high single digit net revenue growth and EPS of at least $3.72 vs $3.74 consensus. The Company expects total worldwide input cost inflation to be in the mid-single-digit range. The tax rate is expected to be about 27.5%.
07:14 VLNC Valence Tech reports Q3 EPS of ($0.05), revs up 48% YoY (1.49 )

Reports Q3 earnings of ($0.05) from $0.06 per share YoY; revenues rose 47.8% year/year to $3.4 mln.
07:14 CONN Conns reports Q4, comparable store sales (18.04 )

Co reports Q4 revs up 6% yr/yr to $200.6 mln vs $235.7 mln consensus. Co reports Q4 same store sales +1.9%.
07:14 ABMD Abiomed reports Q3 results, issues FY08 guidance (14.58 )

Co reports Q3 EPS of ($0.26) vs ($0.21) First Call consensus; revs rose 24% YoY to $16.0 mln vs $15.03 mln First Call consensus. ABMD sees FY08 revs $58-62 mln vs $59.22 mln First Call consensus.
07:13 CXW Corrections Corp beats by $0.01, beats on revs; guides Q1 EPS in-line; guides FY08 EPS in-line (23.02 )

Reports Q4 (Dec) earnings of $0.28 per share, $0.01 better than the First Call consensus of $0.27; revenues rose 11.1% year/year to $386.4 mln vs the $382.4 mln consensus. Co issues in-line guidance for Q1, sees EPS of $0.26-$0.28 vs. $0.28 consensus. Co issues in-line guidance for FY08, sees EPS of $1.21-$1.28 vs. $1.24 consensus.
07:13 SIRO Sirona Dental Systems: Upgrade details (29.88 )

As mentioned at 6:43 BofA upgraded SIRO to Buy from Neutral and maintains their $39 tgt, based on fundamental expectations that are low and current valuation implications of trough levels.
07:13 EPEX Edge Petroleum announces 2007 production and provides an update to its strategic alternative review process (6.48 )

Co announces that its estimated production volume for 2007 was 24.1 billion cubic feet equivalent, an increase of 40% over 2006… Providing an update on Edge’s strategic assessment process announced December 18, 2007, co is continuing to conduct a thorough review and assessment of Edge’s strengths and weaknesses, competitive position and asset base. After careful analysis, co believes that the best route to maximize shareholder value at this time is to focus on an assessment of a potential merger or sale of Edge. Co is moving quickly to implement a process to explore this strategic alternative.
07:12 ENER Energy Conversion beats by $0.05, beats on revs; guides Q3 revs in-line; guides FY08 revs in-line (23.90 )

Reports Q2 (Dec) loss of $0.08 per share, $0.05 better than the First Call consensus of ($0.13); revenues rose 146.3% year/year to $56.4 mln vs the $52.7 mln consensus. Revenues from the company’s solar business were $51.7 million, or 92% of total revenues. Gross margins in the solar business were 19.2%, co had guided for 15-16%. Co issues in-line guidance for Q3, sees Q3 revs of $65-70 mln vs. $65.55 mln consensus; expects gross margins in the range of 21-23%. Co issues in-line guidance for FY08, sees FY08 revs of $235-245 mln (co narrowed to the high end of previous guidance of $220-245 mln) vs. $241.90 mln consensus. laminates. Co remains confident that they will reach sustainable profitability by the fiscal fourth quarter, expects gross margins to be 23-25% in Q4.
07:12 ARQL ArQule misses by $0.02, misses on revs; guides FY08 revs below consensus (5.22 )

Reports Q4 (Dec) loss of $0.33 per share, $0.02 worse than the First Call consensus of ($0.31); revenues rose 52.1% year/year to $2.5 mln vs the $2.7 mln consensus. Co issues downside guidance for FY08, sees FY08 revs of $10.0-10.5 mln vs. $15.65 mln consensus.
07:12 MCO Moody’s beats by $0.13, beats on revs; guides FY08 EPS above consensus (33.51 )

Reports Q4 (Dec) earnings of $0.60 per share, $0.13 better than the First Call consensus of $0.47; revenues fell 14.4% year/year to $504.9 mln vs the $481.7 mln consensus. Co issues upside guidance for FY08, sees EPS of $2.17-2.25 vs. $2.13 consensus. Co also says “for Moody’s overall, FY08 revenue is expected to decline in the low double-digit percent range. This decline assumes foreign currency translation in 2008 at current exchange rates. We anticipate a weak first half of 2008 with improvement in market liquidity and issuance conditions later in the year. Under this scenario, we note that Moody’s first half 2008 performance is likely to reflect unusually weak market conditions, as well as challenging year-on-year comparisons against the first half of 2007 when Moody’s delivered record performance. Excluding the 2007 restructuring charge, we expect the full-year 2008 operating margin to decline to the mid- to high-forties percent range, due primarily to lower ratings revenue. Full-year expenses are expected to be about flat to full year 2007, excluding the restructuring charge, as the annualized impact of new hires added in the first half of 2007 and investments we continue to make in the growing areas of our business will be offset by savings from our restructuring actions….”
07:11 STST Argon ST reports EPS in-line, beats on revs; guides FY08 revs in-line (17.23 )

Reports Q1 (Dec) earnings of $0.19 per share, in-line with the First Call consensus of $0.19; revenues rose 23.0% year/year to $74.3 mln vs the $72.2 mln consensus. Co issues in-line guidance for FY08, sees FY08 revs of $325-345 mln vs. $334.54 mln consensus.
07:11 BPO Brookfield Pptys reports EPS in-line, beats on revs; guides FY08 FFO below consensus (20.38 )

Reports Q4 (Dec) funds from operations of $0.47 per share, in-line with the First Call consensus of $0.47; revenues rose 23.2% year/year to $849 mln. Co issues downside guidance for FY08, sees FFO of $1.44-1.52 vs. $1.70 consensus.
07:10 QCCO QC Holdings misses by $0.04, misses on revs; guides FY08 revs below consensus (9.95 )

Reports Q4 (Dec) earnings of $0.19 per share, $0.04 worse than the First Call consensus of $0.23; revenues rose 17.5% year/year to $57.3 mln vs the $58.2 mln consensus. Co issues downside guidance for FY08, sees FY08 rev growth of 6-10% which computes to $226-235 mln vs. $242 mln consensus.
07:10 ZLC Zale guides Q2 EPS in-line, revs slighly below consensus, same store sales decreased 7.3% (16.73 ) -Update-

Co guides Q2 EPS in-line to $1.08 – $1.13 vs consensus of $1.10, and revs of $827 mln vs consensus of $828.24 mln. Co says Q2 same store sales decreased 7.3%.
07:09 SCVL Shoe Carnival reports comp store sales for 13-week period ended Feb 2 decreased 5.7%; sees Q4 EPS of $0.11-$0.13, ex items, vs $0.11 consensus (13.31 )

Co announces that sales for the thirteen-week period ended February 2, 2008, decreased 7.3% YoY to $164.3 mln (vs $167.3 mln consensus). Earnings for Q4 of fiscal 2007 are now expected to range from $0.11-$0.13, ex items, vs consensus of $0.11. Accordingly, EPS for the full fiscal year 2007 are expected to range from $0.98-$1.00, ex items, vs $0.99 consensus. Due to difficulties in the economic environment and the uncertainty of the effect on consumer spending, the co will no longer provide quarterly and annual earnings guidance.
07:08 ATG AGL Resources beats by $0.02, misses on revs; guides FY08 EPS below consensus (37.63 )

Reports Q4 (Dec) earnings of $0.86 per share, $0.02 better than the First Call consensus of $0.84; revenues fell 3.1% year/year to $685 mln vs the $720.8 mln consensus. Co issues downside guidance for FY08, sees EPS of $2.75-2.85 vs. $2.86 consensus.
07:08 HEPH Hollis-Eden Pharm commences Phase I/II clinical trial in Ulcerative Colitis with novel oral anti-inflammatory drug candidate TRIOLEX (1.98 )

07:08 MPS MPS Group beats by $0.01, beats on revs; guides Q1 EPS in-line, revs in-line (9.96 )

Reports Q4 (Dec) earnings of $0.24 per share, $0.01 better than the First Call consensus of $0.23; revenues rose 17.3% year/year to $570 mln vs the $554.1 mln consensus. Co issues in-line guidance for Q1, sees EPS of $0.18-0.22 vs. $0.19 consensus; sees Q1 revs of $550-580 mln vs. $558.76 mln consensus.
07:07 ZLC Zale sees Q2 revs of $827 mln vs $828.24 mln

07:07 CBB Cincinnati Bell reports EPS in-line, beats on revs; guides FY08 revs in-line (3.82 )

Reports Q4 (Dec) earnings of $0.08 per share, excluding non-recurring items, in-line with the First Call consensus of $0.08; revenues rose 9.6% year/year to $359.9 mln vs the $342.4 mln consensus. Co issues in-line guidance for FY08, sees FY08 revs of $1.4 bln vs. $1.39 bln consensus.
07:07 WLSN Wilsons Leather reports Jan same store sales +10.4% vs -4.0% single analyst estimate (0.69 )

07:06 ZLC guides Q2 EPE in-line

07:06 IPCC Infinity Prpty & Casualty beats by $0.61, reports revs in-line; guides FY08 EPS in-line (39.32 )

Reports Q4 (Dec) earnings of $1.53 per share, excluding non-recurring items, $0.61 better than the First Call consensus of $0.92; revenues rose 1.4% year/year to $267.1 mln vs the $268.6 mln consensus. Co issues in-line guidance for FY08, sees EPS of $3.27-3.67, excluding non-recurring items, vs. $3.56 consensus.
07:05 MKSI sees Q1 $0.28-0.35 vs $0.26 First Call consensus; sees revs $180-190 mln vs $173.33 mln First Call consensus

07:05 MKSI prelim $0.33 vs $0.25 First Call consensus; revs $184.1 mln vs $169.75 mln First Call consensus

07:05 ELNK prelim $0.19 vs $0.15 First Call consensus; revs $281.9 mln vs $280.96 mln First Call consensus

07:05 LTD Limited reports Jan same store sales -8.0% vs -7.3% Briefing.com consensus; guides in-line (17.85 )

Co issues in-line guidance for FY08 (Jan), sees FY08 (Jan) revs of $10.09 bln vs. $10.19 bln First Call consensus.
07:04 BKRS Bakers Footwear reports Q4 net sales of $54.7 mln (vs $54.9 mln consensus); reports Q4 comparable store sales decreased 6.8% compared to a decrease of 13.8% a year ago (3.12 )

07:04 ATG sees FY08 $2.75-2.85 vs $2.86 First Call consensus

07:03 ENER sees Q3 revs $65-70 mln vs $65.55 mln First Call consensus

07:03 ATG prelim $0.86 vs $0.84 First Call consensus; revs $685 mln vs $720.80 mln First Call consensus

07:03 PLCE Children’s Place reports Jan same store sales +6% vs +3.0% Briefing.com consensus (17.78 )

07:03 PSUN Pacific Sunwear reports Jan same store sales -7.4% vs +1.3% Briefing.com consensus (11.20 )

Co issues in-line guidance for Q4 (Jan), sees EPS of $0.29-0.32 vs. $0.29 First Call consensus.
07:03 ENER raises the low end of their rev guidance, now sees FY08 revs $235-245 mln vs $241.90 mln First Call consensus

07:03 AHII sees FY08 revs $700-730 mln vs $707.54 mln First Call consensus

07:02 BOE says inflation will quicken on higher energy and food costs; fall in pound likely to rebalance demand and increase exports

07:02 AHII reaffirms EBITDA guidance of $38-40 mln

07:02 ISCA Intl Speedway announces $100 million increase in share buyback program (41.06 )

Co announced that its Board of Directors has authorized the repurchase of an incremental $100 million of the Company’s Class A Common Stock. This authorization is in addition to the $34 million remaining under the Company’s existing $150 million share repurchase program as of January 31, 2008.
07:02 ENER prelim ($0.08) includes other items, may not be comparable to vs ($0.13) First Call consensus; revs $56.4 mln vs $52.74 mln First Call consensus

07:02 AHII prelim $0.23 vs $0.29 First Call consensus; revs $203.2 mln vs $190.38 mln First Call consensus

07:02 DSPG DSP Group announces a Share Repurchase Program of up to 5 mln shares

07:01 SWIM Investools acquires mytrade.com, terms of the acquisition were not disclosed (13.43 -0.18)

Co announces the acquisition of mytrade.com, an online social-networking content platform for investors at all experience levels. mytrade aggregates news and market data searchable by ticker, insight from over 200 top financial blogs, charts, watch lists, streaming audio and video market commentary and investor education content in a user-customized interface. Terms of the acquisition were not disclosed.
07:01 HGSI Human Genome Sciences and Xencor announce antibody collaboration (5.80 )

The cos announce a collaboration agreement under which Xencor will apply its proprietary XmAb humanization and optimization technologies to enhance the pharmacologic properties of monoclonal antibodies developed by HGS that specifically target antigens discovered by HGS… Under the terms of the agreement, Xencor will receive an upfront payment and is eligible to receive additional payments including development and commercial milestones, and royalties on any products commercialized under the agreement. HGS will be responsible for all preclinical and clinical development, manufacturing and commercialization. Financial terms were not disclosed.
07:01 TBL sees Y08 low-single digit revenue declines

07:01 WTSLA Wet Seal reports Jan same store sales -5.7% vs -1.2% Briefing.com consensus; guides Q4 EPS above consensus (2.89 )

Co issues upside guidance for Q4 (Jan), sees EPS of $0.09-0.10 vs. $0.07 First Call consensus. The increased guidance is primarily a result of better than previously estimated operating expense savings and a slight increase in expected gross margin.
07:01 SPC prelim $0.06, ex items, vs $0.09 First Call consensus; revs $560.5 mln vs $594.10 mln First Call consensus

07:01 BKE The Buckle reports Jan same store sales +19.1% vs +12.0% Briefing.com consensus (37.38 )

07:00 CBB Cincinnati Bell board authorizes $150 million stock repurchase (3.82 )

07:00 ECONX As expected, the Bank of England cuts rates 25 bps to 5.25%

07:00 PENN prelim $0.36 vs $0.41 First Call consensus; revs $585.8 mln vs $593.29 mln First Call consensus

07:00 TBL prelim $0.52 vs $0.51 First Call consensus; revs $442.7 mln vs $460.17 mln First Call consensus

07:00 DO Diamond Offshore declares special cash dividend of $1.25 (110.63 )

07:00 PEP intends to repurchase approx $4.3 bln in 2008

06:59 ECOL American Ecology Corp. beats by $0.02, beats on revs; guides FY08 EPS in-line (21.24 )

Reports Q0 earnings of $0.27 per share, $0.02 better than the First Call consensus of $0.25; revenues rose 21.1% year/year to $45.9 mln vs the $38.8 mln consensus. Co issues in-line guidance for FY08, sees EPS of $1.17-1.23 vs. $1.20 consensus.
06:59 TOC Thomson beats by $0.08, beats on revs (34.75 )

Reports Q4 (Dec) earnings of $0.67 per share, $0.08 better than the First Call consensus of $0.59; revenues rose 9.9% year/year to $2.03 bln vs the $2.01 bln consensus. Thomson is confident that its proposed acquisition of Reuters Group PLC (RTRSY) will be approved by the European Commission, U.S. Department of Justice and Canadian Competition Bureau in the next few weeks, and the transaction is expected to be completed early in the second quarter of
06:59 PEP sees FY08 $3.72 vs $3.74 First Call consensus

06:59 OFI Overhill Farms reports Q4 EPS of $0.10 vs $0.06 single analyst est; revs rose 1.4% YoY to $56.8 mln vs $47.00 mln single analyst est (3.65 )

“Overhill Farms is continuing to increase revenues and improve margins and operating profits… The interest of two competing private equity groups in acquiring the Company, disclosed in yesterday’s announcement, underscores the Company’s fundamental strength and potential for profitable growth. The Board of Directors remains committed to exploring all opportunities to enhance stockholders’ value.”
06:58 PEP prelim $0.80, ex items, vs $0.79 First Call consensus; revs $12.35 bln vs $11.56 bln First Call consensus

06:58 TOC prelim $0.67 vs $0.59 First Call consensus; revs $2.03 bln vs $2.01 bln First Call consensus

06:57 AIR AAR Corp initiated with a Buy a Jesup and Lamont -tgt $35 (27.14 )

Jesup and Lamont initiates AIR with a Buy and a $35 tgt given the recent macro economic uncertainty they believe AIR’s portfolio will benefit from the commercial aerospace sweet spot, the aftermarket. Additionally, the firm believes that AIR’s opportunistic management team will continue to exceed expectations.
06:57 GYMB Gymboree guides Q4 above consensus; Q1 below consensus; FY09 above consensus (35.80 )

Co issues upside guidance for Q4 (Jan), sees EPS of $0.93-0.95 vs. $0.90 First Call consensus; sees Q4 (Jan) revs of $275.50 mln vs. $272.71 mln consensus. Comparable store sales for the equivalent thirteen-week period increased 10%. Co issues downside guidance for Q1 (Apr), sees EPS of $0.73-0.75 vs. $0.78 consensus. Co issues upside guidance for FY09 (Jan), sees EPS of $3.00-3.05 vs. $2.99 consensus.
06:57 ITWO i2 Tech misses by $0.04, misses on revs (12.66 )

Reports Q4 (Dec) earnings of $0.26 per share, excluding non-recurring items, $0.04 worse than the First Call consensus of $0.30; revenues fell 20.5% year/year to $63.3 mln vs the $67.3 mln consensus. Co sees Q1 to be “reasonably comparable” yr/yr, excluding the effect of contract revs recorded in the prior year period.
06:52 IFX Infineon Technologies Report 1Q Loss – AP (9.52 )

According to the AP, IFX said Thursday that a downturn at its Qimonda computer memory chip subsidiary pushed it to a loss in the first quarter of its fiscal year. The company posted a loss of euro396 million (US$578.9 million) in the October-December period compared with a profit of euro120 million a year earlier, but the results were still better than the euro445 million (US$650.6 million) loss that analysts polled by Dow Jones Newswires had forecast. The decrease was largely due to a decline in profit from Qimonda, in which Infineon holds a 77.5 percent stake, the company said. Revenue slipped to euro1.6 billion (US$2.3 billion) in the quarter compared with euro2.1 billion a year ago. Excluding the memory chip maker, Infineon said its pretax profit was euro65 million (US$95 million) in the quarter, compared with a loss of euro9 million a year earlier.
06:51 ITWO i2 Tech says strategic review committee has recommended, and the board has agreed, that the review process be extended (12.66 )

Co announces an update on the progress made by the strategic review committee of the board of directors. The strategic review committee engaged outside advisors and has evaluated many facets of the company. Among those items evaluated were i2’s intellectual property portfolio, the net operating loss carryforwards, the company’s operational plans, and alternative business models. The review process has generated credible interest in a variety of strategic options. As a result, the strategic review committee has recommended and the board has agreed that the review process be extended to ensure thorough consideration of all strategic options. The strategic review committee intends to work as expeditiously as possible to conclude its process and provide final recommendations to the board. The board will communicate its conclusions at the appropriate time. In addition, the board of directors announced that it is continuing its evaluation of several outstanding chief executive officer (CEO) candidates, including Pallab Chatterjee, who will continue as the company’s interim CEO.
06:50 CALLS Early Research Calls III

Upgrades: Baird upgrades CommVault Systems (CVLT 14.54) to Outperform from Neutral and maintains their $19 tgt, based on valuation, following in-line Q308 revenue and negative operating margin guidance. Downgrades: JP Morgan downgrades Nalco (NLC 19.92) to Neutral from Overweight. Miscellaneous: Merriman initiates GSI Technology (GSIT 2.92) with a Buy, based on resolved customer inventory issues and sales of high margin SigmaQuad SRAM into carrier equipment starting to ramp and believe the co stands to benefit as growing bandwidth demand and complex protocols drive the need for faster and higher density memory in networking equipment… Jefferies initiates Continental Resources (CLR 22.70) with a Buy and sets a $30 tgt, based on 17% growth this year compared to 19% last year that will come from enhanced oil recovery in the core Red River area, accelerated drilling in the North Dakota Bakken, and from a 30% capex bump in the Woodford Shale.
06:49 COV Covidien beats by $0.03, misses on revs (42.86 )

Reports Q1 (Dec) earnings of $0.59 per share, excluding non-recurring items, $0.03 better than the First Call consensus of $0.56; revenues rose 8.8% year/year to $2.32 bln vs the $2.39 bln consensus.
06:48 HZO MarineMax reports EPS in-line, revs in-line (15.09 )

Reports Q1 (Dec) loss of $0.35 per share, in-line with the First Call consensus of ($0.35); revenues fell 8.0% year/year to $215.3 mln vs the $214.4 mln consensus.
06:46 URBN Urban Outfitters preannounces Q4 revs above consensus (26.68 )

Co issues upside guidance for Q4 (Jan), sees Q4 (Jan) revs of $465.41 vs. $451.01 mln First Call consensus. Co reports Q4 same store sales +11%.
06:43 CALLS Early Research Calls II

Upgrades: JP Morgan upgrades Universal Technical Institute (UTI 14.10) to Neutral from Underweight… UBS upgrades Principal Financial (PFG 53.96) to Neutral from Sell… BofA upgrades Sirona Dental Systems (SIRO 29.88) to Buy from Neutral… ThinkEquity upgrades Alphatec (ATEC 5.32) to Buy from Source of Funds… UBS upgrades Celanese (CE 39.05) to Buy from Neutral. Downgrades: JP Morgan downgrades XL Capital (XL 43.97) to Neutral from Overweight… Lehman downgrades Virgin Mobile (VM 6.27) to Equal-weight from Overweight… Think Equity downgrades Napster (NAPS 1.73) to Accumulate from Buy and lowers their tgt to $2.00 from $5.00, following a Q308 loss that was narrow than consensus estimates and believe near-term revenue visibility is cloudy given delayed handset rollouts from Napster’s mobile carrier partners… UBS downgrades downgrades Elbit Systems (ESLT 57.51) to Neutral from Buy… Bear Stearns downgrades BT Group (BT 50.68) to Peer Perform from Outperform… J.P Morgan downgrades Cisco (CSCO 23.08) to Neutral from Overweight… Bear Stearns downgrades CPI International (CPII 13.30) to Peer Perform from Outperform. Miscellaneous: Lehman initiates Ventas (VTR 41.45) with an Equal-weight and sets a $46 tgt, based on valuation and believe strong FFO growth and attractive dividend yield should provide 10% total annual returns over the next several years… Lehman initiates HCP (HCP 29.16) with an Overweight and sets a $35 tgt, as they believe the key differential between HCP and its peers is the number of different growth drivers (base triple net lease, operating assets, development pipeline, acquisitions and alt. investments) providing the flexibility to take advantage of changes in the market… J.P Morgan adds IntercontinentalExchange (ICE 115.90) to their Focus List.
06:41 SGU Star Gas Prtnrs reports Q1 EPS of $0.33 vs $0.06 in yr ago period; revs $453.9 mln vs $330.24 mln in yr ago period (3.90 )

06:36 WBC WABCO Holdings beats by $0.17, beats on revs; issues Y08 outlook (41.52 )

Reports Q4 (Dec) earnings of $1.02 per share, excluding non-recurring items, $0.17 better than the First Call consensus of $0.85; revenues rose 30.7% year/year to $679.2 mln vs the $634.3 mln consensus. Co sees Y08 EPS up 20-25% yr/yr, with revs up 8-11% yr/yr.
06:34 MFLO Moldflow reports Q2 EPS of $0.35 vs $0.21 in yr ago period; co reports revs up 19% yr/yr to $17.1 mln with no estimates (13.75 )

06:33 BG Bunge reports Q4 (Dec) results, beats on revs; guides FY08 EPS in-line (123.58 )

Reports Q4 (Dec) earnings of $1.82 per share, includes $25 mln of impairment and restructuring charges, may not be comparable to the First Call consensus of $1.54; revenues rose 82.5% year/year to $14.02 bln vs the $11.79 bln consensus. Co issues in-line guidance for FY08, sees EPS of $6.01-6.30 vs. $6.26 consensus.
06:32 GTIV Gentiva Health Svcs and CIGNA HealthCare extend national homecare contract through January 31, 2011 (19.61 )

Co announces that its CareCentrix ancillary care benefit management unit has signed an extension of its current national homecare contract with CIGNA HealthCare, which will provide for the coordination and delivery of homecare services to CIGNA members through January 31, 2011. The extension amends a previous agreement that was set to expire January 31, 2009. For the first nine months of 2007, the CIGNA HealthCare relationship contributed approximately 19% of total Gentiva revenues of $915.9 mln.
06:31 AIZ Assurant reports EPS in-line, revs in-line (64.34 )

Reports Q4 (Dec) operating earnings of $1.29 per share, excluding non-recurring items, in-line with the First Call consensus of $1.29; revenues fell 1.1% year/year to $2.18 bln vs the $2.2 bln consensus.
06:31 STXS Stereotaxis receives $20 million in additional loan commitments (6.74 )

Co announces that it had obtained $20 million in one-year unsecured loan commitments from two current shareholders. In addition, the co may extend the commitment for an additional 90 days, at its option. Funds drawn on the commitment would be subordinated to borrowings under its current bank facility. In consideration of providing the commitment, Stereotaxis agreed to grant to the investors common stock warrants, equal to 20% coverage of the commitment amount at an exercise price of $6.99 per share. Additional warrants equal to 5% coverage would be issuable if the Company exercised its 90-day extension.
06:30 WW Watson Wyatt Chief Financial Officer plans to retire (45.59 ) -Update-

Co announces that vice president and chief financial officer Carl Mautz plans to retire in August 2008, after completing the financial results for the current fiscal year and the financial plan for fiscal 2009.
06:30 CALLS Early Research Calls I

Upgrades: Deutsche Bank upgrades Danaher (DHR 73.12) to Buy from Hold and raise their tgt to $90 from $88, as they consider FCF to be a more relevant valuation metric given DHR’s large structural difference between GAAP and cash earnings, and therefore its sub-15x FCF is a more valid proxy of true value… Citigroup upgrades Pioneer Natural Resources (PXD 40.43) to Buy from Hold and lowers their tgt to $50 from $58, following Q407 results and based on improving fundamentals led by expiration of adverse hedges and VPPs, improved visibility for production growth and falling capital needs. Downgrades: Deutsche Bank downgrades Regal-Beloit (RBC 37.26) to Hold from Buy and lowers their tgt to $45 from $56, following an in-line Q407 and Q108 guidance and based on concerns that a recession could drive the core motors and mechanical transmission businesses into negative growth, on top of the weakness in the residential HVAC arena… Citigroup downgrades Polo Ralph Lauren (RL 63.19) to Hold from Buy and lowers their tgt to $69 from $85, following Q308 EPS that exceeded consensus estimates, lowered FY09 guidance and based on fundamental challenges in key markets and a lack of visibility on the challenged Japanese market… Baird downgrades Cisco (CSCO 23.08) to Neutral from Outperform and lowers their tgt to $23 from $34, following Q208 in-line results and a lowered forecast due to a sudden downturn in January activity in the U.S. and European markets.
06:29 S&P futures vs fair value: +0.4. Nasdaq futures vs fair value: -16.5.
06:26 European shares shed 1 pct, techs weigh

European shares lost 1% by mid-morning on Thursday as technology shares fell after a warning from Cisco triggered fresh concern that the U.S. economic slowdown may erode corporate profitability. By 1017 GMT The FTSEurofirst 300 index of top European shares was down 0.9% at 1,309.47 points, having hit an intraday low of 1,308.27. Around Europe, London’s FTSE 100 index fell 0.7%, while Frankfurt’s DAX and Paris’ CAC 40 both fell 0.9%. (Reuters)
06:26 Nikkei gains, most Asian markets closed; Sensex ends down over 600pts

Japanese stocks rebounded Thursday after touching a two-week low even as markets in India and Australia sank amid persistent uneasiness about the U.S. economy after Wall Street’s overnight drop. Markets across much of Asia, including Hong Kong and South Korea, were closed for the Lunar New Year Holiday. Tokyo’s benchmark Nikkei 225 stock index rose 0.82% to close at 13,207.15 points. The index plunged 4.7% the previous day and dipped below 13,000 in intraday trade Thursday for the first time in two weeks… The Sensex opened with a positive gap of 60 points at 18,199, which also turned out to be the high for the day. The index plunged to a low of 17,492 in late noon deals – an intra-day decline of nearly 650 points from the previous close. The Sensex finally closed with a loss of over 600 points (3.4%) at 17,527. (Thomson, Business Standard)
06:25 BLTI Biolase Technology announces FDA 510(k) clearance of its Waterlase MD Laser System for dermatology (3.33 )

Co announces that it has received 510(k) clearance from the FDA allowing it to market a version of its Waterlase MD Laser System for use in dermatological applications as well as general and plastic surgery.
06:23 SNN Smith & Nephew beats by $0.04, beats on revs (60.65 )

Reports Q4 (Dec) earnings per ADS of $0.83 per share, $0.04 better than the First Call consensus of $0.79; revenues rose 25.4% year/year to $967 mln vs the $933.8 mln consensus.
06:23 ACOR Acorda Therapeutics reschedules Q4 and FY07 results to Feb 11, 2008 (23.43 )

Co states that it will report its financial results for Q4 and FY07 on Monday, February 11, 2008, instead of its originally-scheduled report date of February 19, 2008. Due to its recently announced proposed public offering of common stock, the co will not be hosting a conference call following the release of its financial results.
06:20 FLIR FLIR Systems reports EPS in-line, beats on revs; guides FY08 EPS above consensus, revs above consensus (31.85 )

Reports Q4 (Dec) earnings of $0.30 per share, in-line with the First Call consensus of $0.30; revenues rose 30.5% year/year to $242.6 mln vs the $233.8 mln consensus. Co issues upside guidance for FY08, sees EPS of $1.13-1.20 vs. $1.12 consensus; sees FY08 revs of $1-1.05 bln vs. $957.92 mln consensus.
06:17 DRAD Digirad reports EPS in-line, revs in-line; reaffirms FY08 revs guidance (2.63 )

Reports Q4 (Dec) loss of $0.06 per share, in-line with the First Call consensus of ($0.06); revenues rose 9.3% year/year to $18.8 mln vs the $19 mln consensus. Co reaffirms guidance for FY08, sees FY08 revs of $80-84 mln vs. $80.50 mln consensus.
06:16 MDC MDC Holdings reports Q4 (Dec) results, beats on revs (42.80 )

Reports Q4 (Dec) loss of $6.14 per share, includes deferred tax asset valuation allowance of $160.0 mln, may not be comparable to the First Call consensus of ($0.44); revenues fell 41.6% year/year to $784.8 mln vs the $762.3 mln consensus. MDC received orders, net of cancellations, for 748 homes with an estimated sales value of $187.0 mln during the 2007 fourth quarter, compared with net orders for 1,571 homes with an estimated sales value of $515.0 mln during the same period in 2006. The Company ended the fourth quarter of 2007 with a backlog of 1,947 homes with an estimated sales value of $650.0 mln, compared with a backlog of 3,638 homes with an estimated sales value of $1.30 bln at December 31, 2006.
06:16 DHI DR Horton misses by $0.16, includes charges, beats on revs (14.81 )

Reports Q1 (Dec) loss of $0.41 per share, includes $245.5 mln in pre-tax charges to cost of sales for inventory impairments and write-offs of deposits and pre-acquisition costs related to land option contracts that the co doesn’t intend to pursue, $0.16 worse than the First Call consensus of ($0.25); revenues fell 39.0% year/year to $1.71 bln vs the $1.62 bln consensus. Sales order backlog of homes under contract at December 31, 2007 was 8,138 homes ($2.0 bln), compared to 16,694 homes ($4.7 bln), at December 31, 2006.
06:16 S&P futures vs fair value: +0.4. Nasdaq futures vs fair value: -16.5.
06:15 European Markets

FTSE…5835.20…-40.20…-0.7%. DAX…6781.48…-66.03…-1.0%.
06:15 Asian Markets

Nikkei…13207.15…+107.91…+0.8%. Hang Seng…Holiday………
06:14 AET Aetna reports EPS in-line, revs in-line; guides Q1 EPS below consensus; reaffirms FY08 EPS guidance (53.28 )

Reports Q4 (Dec) earnings of $0.88 per share, in-line with the First Call consensus of $0.88; revenues rose 12.3% year/year to $7.14 bln vs the $7.17 bln consensus. Co issues downside guidance for Q1, sees EPS of $0.92 vs. $0.94 consensus. Co reaffirms guidance for FY08, sees EPS of $4.00 vs. $4.03 consensus.
06:12 RGC Regal Entertainment beats by $0.04, misses on revs (18.40 )

Reports Q4 (Dec) earnings of $0.15 per share, excluding non-recurring items, $0.04 better than the First Call consensus of $0.11; revenues fell 8.1% year/year to $599.9 mln vs the $613.4 mln consensus.
06:12 MWRK Mothers Work reports January same store sales -2.1% vs -6.0% for January 2007 (17.80 )

06:11 WW Watson Wyatt beats by $0.12, beats on revs; guides Q3 EPS below consensus, revs below consensus; guides FY08 EPS above consensus, revs in-line (45.59 )

Reports Q2 (Dec) earnings of $0.82 per share, $0.12 better than the First Call consensus of $0.70; revenues rose 22.0% year/year to $447 mln vs the $422.9 mln consensus. Co issues downside guidance for Q3, sees EPS of $0.79-0.81 vs. $0.82 consensus; sees Q3 revs of $435-443 mln vs. $444.02 mln consensus. Co issues guidance for FY08, sees EPS of $3.10-3.15 vs. $3.05 consensus; sees FY08 revs of $1.68-1.72 bln vs. $1.7 bln consensus.
06:09 JOSB Jos. A. Bank reports Jan same store sales -1.2% vs +1.0% Briefing.com consensus; preannounces FY08 revs in-line (24.14 )

Co issues in-line guidance for FY08 (Jan), sees FY08 (Jan) revs of $604 mln vs. $605.71 mln First Call consensus.
06:08 SSI Stage Stores issues upside Q407 EPS and reaffirms FY08 EPS (11.73 )

Co issues upside guidance for Q4 (Jan), sees EPS of $0.76-0.81 vs. $0.74 First Call consensus. Co issues in-line guidance for FY08 (Jan), sees EPS of $1.23-1.27 vs. $1.24 consensus.
06:04 SSI Stage Stores reports January same store sales +1.0% vs -5.3% Briefing.com consensus (11.73 )

06:00 BIG Big Lots reports Q4 comp store sales decrease of 0.6% (15.16 )

This result is in line with the co’s guidance communicated on November 30, 2007, which called for slightly negative comparable store sales.
05:38 BUD InBev, Anheuser-Busch in merger talks: Magazine – Reuters (47.20 )

Reuters reports InBev and Anheuser-Busch (BUD) are in talks that could lead to a merger of the two, Belgian business magazine Trends said on Thursday. InBev and Anheuser-Busch have been the subject of consistent merger speculation over the past year. Last week, the Wall Street Journal said talks between the brewing giants had become more serious and that a deal was possible this year. Both brewers have repeatedly declined to comment. Trends noted that InBev was not obliged by Belgian financial markets watchdog CBFA to comment on rumors, but would have to if there were concrete information. “If InBev is not communicating it must be concluded that there is no information that has a specific character,” the magazine continued.
05:34 ALU Alcatel-Lucent deal, revisited – WSJ (6.19 )

The Wall Street Journal reports some big Alcatel-Lucent (ALU) investors claim the struggle to integrate the two cos has resulted in a buying opportunity. And there are some fundamental strengths, these investors say, that have been overlooked in the recent flood of negative headlines. “We’ve made a bet that the demand for telecom equipment is decent, that the consolidation the sector has undergone will help and that Alcatel is a relevant global player with good assets,” T. Rowe Price Associates research analyst David Eiswert said. “We started really buying the stock in the fall of 2007.” As of the end of last year, T. Rowe Price held 35.4 mln Alcatel shares valued at $331 mln, according to FactSet Research Systems. However, Mr. Eiswert acknowledges a big unknown: “The key to our investment being successful over the next year or two is the management team’s ability to unlock the value of the company,” he said. You have to have guts to buy Alcatel-Lucent right now,” said Richard Windsor, a sell-side analyst at Nomura Securities who has a “neutral,” or “hold,” rating on the stock. But he says medium- to long-term prospects are brighter. Investors willing to buy the shares and “shut them in the closet,” he said, stand to end up with “a pretty great earner in a few years.” Even some who were burned by Alcatel-Lucent’s tumble last year say they see encouraging signs. Tony DeSpirito, portfolio manager at Pzena Investment Management LLC, acknowledges that it was “painful” to watch the share price slide, but his fund bought the stock again as recently as September, according to the latest publicly available data from FactSet Research. “Our view that the merger will make a stronger combined company hasn’t fundamentally changed,” Mr. DeSpirito said. He said the debilitating price wars between Alcatel-Lucent and its rivals could be “stabilizing.” He cited statements by Ericsson’s (ERIC) management that the firm wouldn’t push to gain market share in wireless equipment by cutting prices as it had early last year.
05:28 DB Deutsche Bank escapes credit woes – WSJ (108.57 )

The Wall Street Journal reports Deutsche Bank (DB) Thursday reported a 48% decline in Q4 net profit, on a higher tax rate, lower noninterest revenue and higher credit-loss provisions. However, the bank reported no write-downs related to structured products and less than EUR 50 mln ($73.14 mln) net write-downs in leveraged finance, down from EUR 603 mln in Q3. Net profit was EUR 953 mln, compared with EUR 1.84 bln a year earlier. A poll of 14 analysts by Dow Jones Newswires estimated earnings of EUR 887 mln. Full-year net profit rose 7% to EUR 6.47 bln, above analyst expectations of EUR 6.41 bln. DB said it will recommend a 13% dividend increase to EUR 4.50 a share for 2007, up from EUR 4 a share a year earlier. The bank also reiterated its EUR 8.4 bln pretax profit goal for 2008, even though it said it expects “conditions to remain challenging in 2008.” Deutsche Bank’s quarterly results were partly offset by lower noninterest revenue, notably visible in a 61% decline in trading income, which fell to EUR 897 mln from EUR 2.27 bln. The bank also posted higher provisions for credit losses and higher noninterest expenses.
05:23 Early Newspaper Headlines: DB – ALU – BUD

WSJ: Deutsche Bank (DB) escapes credit woes… Alcatel-Lucent (ALU) deal, revisited. Reuters: InBev, Anheuser-Busch (BUD) in merger talks: Magazine.
05:07 GAIA Gaiam announces filing of Form S1 for IPO of its solar subsidiary (22.00 )

Co proposes an IPO of a minority interest in Gaiam’s Real Goods Solar subsidiary (currently 100% owned). A registration statement has been filed with the SEC relating to an IPO of shares of Real Goods Solar’s Class A common.
05:03 PNX The Phoenix Cos misses by $0.01, misses on revs; intends to spin off Phoenix Investment Partners (10.61 )

Reports Q4 (Dec) earnings of $0.26 per share, excluding non-recurring items, $0.01 worse than the First Call consensus of $0.27; revenues fell 5.4% year/year to $638.7 mln vs the $656 mln consensus. Co announces its intention to spin off its asset management subsidiary, Phoenix Investment Partners, to Phoenix’s shareholders.
04:57 MEND Micrus Endovascular misses by $0.10, beats on revs; guides FY08 revs in-line (17.62 )

Reports Q3 (Dec) loss of $0.17 per share, excluding the R&D expenses of $3.0 mln related to acquisition fo ReVasc Technologies and including stock-based compensation, $0.10 worse than the First Call consensus of ($0.07); revenues rose 18.0% year/year to $18.3 mln vs the $17.8 mln consensus. Co issues in-line guidance for FY08, sees FY08 revs of $65-75 mln vs. $68.26 mln consensus.
03:44 COST Costco reports January same store sales +7.0% vs +6.6% Briefing.com consensus (63.71 )

Co reports net sales of $5.11 bln for the month of January, the four weeks ended February 3, 2008, an increase of 11% from $4.62 bln in the same four-week period last year.
03:38 PTI Patni Computer Systems beats by $0.10, beats on revs; guides Q1 revs in-line (13.55 )

Reports Q4 (Dec) earnings of $0.36 per ADS, $0.10 better than the First Call consensus of $0.26; revenues rose 12.8% year/year to $174.1 mln vs the $170.6 mln consensus. Co issues in-line guidance for Q1, sees Q1 revs of $175-176 mln vs. $176.08 mln consensus. Board approves share buyback program of up to $60 mln.
02:03 SYT Syngenta reports FY07 results (50.05 )

Co reports FY07 sales increased 11% at constant exchange rates to $9.24 bln. EPS incerased 31% to $11.45 (EPS of $11.42 after restructuring and impairmnent). Crop protection sales increased 11% to $7.3 bln. New product sales increased 20% to $1.2 bln. Seeds sales increased 12% to $2.0 bln.
00:54 FRX Forest Labs mentioned positively in Weekday Trader – Barron’s Online (41.51 )

Barron’s Online reports Forest Lab’s (FRX) share price could climb 20% to 40% in the next year or two as investors start appreciating its pipeline of new drugs and the considerable cash flow it uses to license new drugs rather than pay investors a dividend. “The shares have been dramatically mispriced, offering an opportunity at a time when investors want to mitigate risk and are looking for havens and fallen angels,” says David Lickrish, an analyst with Broadpoint Capital. “Wall Street underestimates the pipeline. This company generates in excess of $1 billion in free cash flow annually, and they already have a sizable cash position for acquisitions and licensing deals.” Meanwhile, Forest has six drugs that could hit the market by 2012. The high blood-pressure drug Bystolic is being launched now. Milnacipran, a treatment for fibromyalgia (a mysterious pain condition that affects 10 mln Americans) awaits approval from the FDA in October. Four other drugs are finishing or entering late-stage clinical trials this year. If all six drugs receive FDA approval, they could generate sales totaling $2.1 bln by 2013, says Ian Sanderson, an analyst with Cowen & Co. The stock could drop sharply if generic versions of Lexapro or Namenda hit the market sooner than expected or if its pipeline suffers more setbacks.
00:53 ‘Mad Money’ Recap: Lightning Round cont. – TheStreet.com

Cramer was bearish on American Eagle Outfitters (AEO), Ford Motor (F), Mindray Medical (MR), Intercontinental Exchange (ICE) and Intel (INTC).
00:52 ‘Mad Money’ Recap: Lightning Round – TheStreet.com

Cramer was bullish on Wal-Mart (WMT), TJX Companies (TJX), Foster Wheeler (FWLT), Textron (TXT), Elan Corp (ELN), Arch Coal (ACI), Peabody Energy (BTU) and Chimera Investment (CIM).
00:51 Cramer’s ‘Mad Money’ Recap – TheStreet.com

On Wednesday’s edition, Jim reiterates his positive view on Annaly Capital Management (NLY) and noted their aversion to credit risk. Next, he favors Petroleo Brasilero (PBR) because of reserve growth and production growth. In the Sudden Death round, he was bullish on Manitowoc (MTW), Terex (TEX) and Wachovia (WB).
00:50 EPCT EpiCept announces results of Phase II trial for NP-1 Cream in diabetic peripheral neuropathy (1.55 )

Co announces preliminary results from its Phase II “Neuracept” trial for EpiCept NP-1 Cream in patients suffering from diabetic peripheral neuropathy. All pain scores measured trended in favor of the NP-1 treated patients over the placebo group, indicative of an analgesic effect in this type of peripheral neuropathic pain. EpiCept has concluded that preliminary data derived from the trial support the continued study of NP-1 in a late-stage pivotal clinical trial. “We believe this clinical trial successfully demonstrated proof of concept of NP-1 in DPN. The consistent analgesic trends we observed in this Phase II trial warrant advancement into a pivotal Phase III registration trial,” stated Jack Talley, President and Chief Executive of EpiCept.
00:47 FMC FMC Corp misses by $0.11, beats on revs; guides Q1 EPS above consensus; guides FY08 EPS in-line (51.92 )

Reports Q4 (Dec) earnings of $0.59 per share, $0.11 worse than the First Call consensus of $0.70; revenues rose 14.8% year/year to $674.3 mln vs the $666.6 mln consensus. Co issues upside guidance for Q1, sees EPS of $1.15-1.20 vs. $1.13 consensus. Co issues in-line guidance for FY08, sees EPS of $3.80-4.00 vs. $3.88 consensus.
00:43 ACL Alcon beats by $0.03, beats on revs; guides FY08 EPS above consensus, revs above consensus (140.17 )

Reports Q4 (Dec) earnings of $1.31 per share, excluding non-recurring items, $0.03 better than the First Call consensus of $1.28; revenues rose 20.0% year/year to $1.47 bln vs the $1.39 bln consensus. Co issues upside guidance for FY08, sees EPS of $6.24-6.30 vs. $6.23 consensus; sees FY08 revs of $6.175-6.275 bln vs. $6.11 bln consensus.
00:39 CVGI Commercial Vehicle Group beats by $0.03, beats on revs; guides FY08 EPS below consensus, revs in-line (9.54 )

Reports Q4 (Dec) net of breakeven, excluding non-cash loss on mark-to-market of forward foreign exchange contracts, $0.03 better than the First Call consensus of ($0.03); revenues fell 18.4% year/year to $178.5 mln vs the $176.7 mln consensus. Co issues mixed guidance for FY08, sees EPS of $0.10-0.50 vs. $0.75 consensus; sees FY08 revs of $762.0-814.0 mln vs. $787.29 mln consensus.
00:28 EMKR EMCORE reports Q108 results, misses on revs; issues in-line guidance for Q208 and upside guidance for FY08 (12.03 )

Reports Q1 (Dec) loss of $0.13 per share, excluding non-recurring items, $0.06 worse than the First Call consensus of ($0.07); revenues increases 21.5% year/year to $46.89 mln vs. $49.36 mln consensus. Co issues in-line guidance for Q208, sees revenue of $56.0-57.0 mln vs $56.15 mln consensus. Co issues upside guidance for FY08, sees revenue of $265-285 mln vs $245.44 mln consensus.
Wednesday After the Close
19:31 WRAPX After Hours Summary: CSCO -7.3% on earnings/guidance; MBI +7.5% (to issue $750 mln in common stock; MBIA Capital Raising May Preserve AAA Rating — Wilbur Ross during Bloomberg TV interview) -Update-

Companies moving in after hours trading in reaction to earnings: Trading Up: UTI +13.5%; POWI +12.0%; DSCM +9.0%; KNL +6.4%; WMS +4.7%; PPDI +4.2%; UNCA +4.2%; ANDE +4.1%; DHX +3.7%; CCI +2.8%; TLEO +2.5%; NSIT +2.4%; HHGP +2.4%; LTRE +2.3%; SUN +2.3%; ATRM +2.3%; SRCL +2.2%; NAVR +2.2%; CREL +2.0%; HUBG +1.9%; NAPS +1.7%; JKHY +1.6%; ATML +1.5%; AKAM +1.5%; POL +1.2%; GXP +1.1%… Trading Down: EXBD -21.8%; UFPI -8.6%; CSCO -7.3%; DTLK -6.5%; SNWL -6.0%; SCSS -5.7%; PRU -5.0%; EDS -4.2%; FISV -3.2%; OESX -2.7%; SFLY -2.6%; RACK -2.4%; CPII -2.1%; ULTI -1.0%… Companies moving in after hours trading in reaction to news: Trading Up: POWI +12.0% (acquires Potentia Semiconductor for $5.5 mln; POWI’s Q4 results will include a one-time charge of $1.4 mln); MBI +7.5% (to issue $750 mln in common stock; MBIA Capital Raising May Preserve AAA Rating — Wilbur Ross during Bloomberg TV interview; provides updated information on 2007 financial results); IDIX +4.3% (reported data for IDX899; IDX899; demonstrates rapid and profound inhibition of HIV replication in a Phase I/II Clinical Trial); PPDI +4.2% (to acquire InnoPharm, an independent contract research organization based in Russia); NWA +3.7% (Northwest Airlines/Delta merger talks pick up steam, sources say — WSJ); ABK +3.4% (‘financially strong’ – state regulator-DJ); BEXP +3.2% (announces 2008 capital budget); WOLF +3.1% (resorts closes $55 mln mortgage loan); HOTT +2.8% (reports January comp store sales -3.6%, reaffirms Q4 EPS of $0.25-0.29 vs $0.26 First Call consensus); FRED +2.1% (announces strategic plan to improve profitability and operating margin, sees FY07 EPS of $0.50-0.56 vs $0.57 First Call consensus); AIRT +1.9% (announced an order for $14.7 million); NMX +1.8% (issues statement in response to DOJ opinion letter); NYNY +1.4% (confirms that it has not abandoned the St. Regis Mohawk casino project in Monticello and has no intention of doing so); CTRN +1.2% (says total sales in the 13-week period ended Feb 2, 2008, increased 6.2% to $134.6 mln (consensus of $136.67 mln)); WIND +1.2% (reorganizes into product divisions to optimize growth and profitability, some positions will be eliminated)… Trading Down: GLW -2.5% (adds LCD glass capacity in Taiwan); ATEC -1.4% (acquires an exclusive worldwide license for innovative dynamic anterior cervical plate technology); BMY -1.1% (announced results from the CASTLE study; study showed similar efficacy between once-daily REYATAZ and twice-daily lopinavir/ritonavir at 48 weeks in previously untreated HIV-infected adult patients).

After Hours

Posted: February 6, 2008 in Charts, Forex, Futures, Stocks, Technical Analysis, Trading

18:49 NGX Northgate Exploration Ltd announced major increase of indicated resources at Northgate’s young-davidson project


18:40 AMKR Amkor announces departure of Chief Operating Officer (7.72 -0.32)

Co announced that Oleg Khaykin, Chief Operating Officer, is leaving the Co to become Chief Executive Officer of another public co. Ken Joyce, Chief Administrative Officer of AMKR, has been named to succeed Khaykin as Chief Operating Officer. Joyce joined Amkor in 1997 and was Chief Financial Officer for more than 8 years before becoming Chief Administrative Officer in November 2007.
18:38 LLY Eli Lilly announces the FDA Advisory Committee Supports Efficacy and Safety of Zyprexa Long-Acting Injection for Schizophrenia Treatment (51.40 +0.16) -Update-

Co announced The U.S. Food and Drug Administration’s (FDA) Psychopharmacologic Drugs Advisory Committee voted that, with appropriate labeling around excessive sedation events, Zyprexa long-acting injection (olanzapine LAI) has been shown to be effective and acceptably safe for the treatment and maintenance treatment of schizophrenia in adults. FDA reviewers will consider the panel’s favorable recommendation in its review of the New Drug Application that Lilly submitted for Zyprexa LAI.
18:37 ABK AMBAC Fincl: U.S. bank regulators see moderate risks from bond insurers – DJ (11.01 -0.38) -Update-

Turmoil in the bond insurance industry does pose a risk to bank and the broader markets, but the risk to the nation’s largest banks may only be modest, according to letters from federal and state financial regulators to a U.S. House Lawmaker. The Office of the Comptroller of the Currency said the firms it supervises haveboth direct and indirect exposure to problems in the bond insurance industry. Still, the regulator said in its letter, the problem should be controllable.
18:25 MKTIN Market Internals -Update-

The Dow was down 0.53% at 12200, the Nasdaq was down 1.33% to close at 2279, and the S&P was down 0.76% to close at 1326. Leading sectors included: Electronic Manu Services +5.3%, Life Science Tools +4.2%, Trucking +3.2%, Apparel and Accessories +2.6%, Movies and Entertinament +2.4. Lagging sectors included: Consumer Electronics -15.4%, Specialized Finance -9.5%, Education Services -5.5%, IT Consulting and Services -4.2%, Internet Retail -4.1%. Today’s movement came from higher than avg volume (NYSE 1547, vs. 1607 avg, Nasdaq 2424, vs. 2273 avg), with decliners outpacing advancers (NYSE advance/decline 1209/2091, Nasdaq 1076/1940) with new lows outpacing new highs (NYSE new high/new low 15/80; Nasdaq 41/129).
18:19 WOLF Great Wolf resorts closes $55 mln mortgage loan (8.13 -0.34)

WOLF announced that the co has closed on a $55 mln mortgage loan. The loan is secured by the co’s Great Wolf Lodge resort in Williamsburg, Virginia and bears interest at a floating rate of LIBOR plus 300 basis points, with a minimum rate of 6.50% per annum.
18:18 HHGP Hudson Highland Grp misses by $0.02; sees Q1 revs below consensus (6.83 -0.06)

Reports Q4 (Oct) earnings of $0.18 per share, $0.02 worse than the First Call consensus of $0.20; revenues rose 1.4% year/year to $290.5 mln vs the $333.3 mln consensus. Co isses downside guidance; co sees Q1 revs of $285-300 mln vs $335.0 mln consensus.
18:17 FISV Fiserv Earnings Call Summary (49.59 -0.51)

On call the co says it expects EPS guidance to ramp up in the 2nd half of FY08 from cost synergies. They expect to increase penetration rates in all areas of business from the CKFR acquisition and the synergies on tech solutions from CKFR are a surprise… The co sees challenging time in the mkts, but their business model targets critical solutions, the customer base is wide focusing on smaller, less volatile financial institutions and the co looks to expand on outsourcing initiatives… The co also notes the pipeline has not changed as a result of the challenging outlook. Co notes in their ’08 guidance, they don’t assume big discretionary technology purchases and not assuming that their mortgage business comes back… The co says it expects EPS guidance to ramp up in the 2nd half of FY08 from cost synergies. They expect to increase penetration rates in all areas of business from the CKFR acquisition and the synergies on tech solutions from CKFR are a surprise… The co says that the Street models were “unfamiliar” with earnings dilution associated with the health business at $0.10 and $0.03 for the employee settlement for the offshore captive… On the co’s 75 bps growth in gross margin, the co says they “believe that there are some interesting opportunities in the market that could be in theory absolute kind of increased absolute profit, but potentially at lower margins as you look at some of the outsourcing business. And we don’t want to constrain ourselves artificially by saying we’re going to have 100X increase in margin.”
18:10 SUN Sunoco misses by $0.19 (58.70 -0.98) -Update-

Reports Q4 (Dec) earnings of $0.20 per share, excluding non-recurring items, $0.19 worse than the First Call consensus of $0.39; revenues rose 45.7% year/year to $13.2 bln, may not be comparable to the $8.5 bln consensus. Co says, “The market for refined products has remained weak early in 2008, reflecting continued high costs for crude oil and transportation. Operationally, we have planned maintenance work in both our Northeast and MidContinent systems which is expected to reduce refinery production by ~7 mln barrels during February and March. As industry maintenance activity accelerates and the switchover to summer-grade gasoline approaches, we expect market conditions to improve later in the quarter.”
18:07 EDS EDS Q4 Earnings Conference Call Summary (18.60 +0.27) -Update-

On call, EDS issues Q1 guidance and sees revs $5.1-5.3 bln vs $5.32 bln First Call consensus. Co says expects to repurchase shares over next 18 months (initiated $1 bln program in December but have not repurchased much thus far). Co is “happy with the momentum in the mkt and feels good about it… We are pleased with recent booking trends” … Co fell short on operating margin goal from contract weakness and signings that occurred later in year rather than earlier. Although margins were slightly down, co expects margin expansion and bottom line improvement. Co does say that the deals that shifted in Q4 were all deals co had already been chosen for but are still in process of contracting for… As for the pipeline, overall 2008 sales pipeline is up 10% YoY. All regions are showing very healthy pipeline growth… Co says financial priorities include driving operating margin and free cash flow improvement (that is number one project working on)… As for macroeconomic risk, co still sees mkt strength in what it does, but will scale back if necessary. Co has not seen anything that has put co in serious state of concern.
18:06 BMY Bristol-Myers announced results from the CASTLE study; study showed similar efficacy between once-daily REYATAZ and twice-daily lopinavir/ritonavir at 48 weeks in previously untreated HIV-infected adult patients (23.82 +0.39) -Update-

Co announced results from the CASTLE study, in which 300 mg of once-daily REYATAZ (atazanavir sulfate) taken with 100 mg of ritonavir (REYATAZ/r) showed similar antiviral efficacy to twice-daily lopinavir 400 mg and ritonavir 100 mg (lopinavir/r) in previously untreated adult HIV-1 infected patients at 48 weeks, as part of HIV combination therapy. In this study, 78% of the 440 patients in the REYATAZ/r arm met the primary endpoint of achieving undetectable viral load (defined as HIV-1 RNA less than 50 copies/mL) at 48 weeks, compared with 76% of the 443 patients in the lopinavir/r arm.
18:04 POL PolyOne beats by $0.02, beats on revs; guides FY08 revs above consensus (6.21 -0.10)

Reports Q4 (Dec) earnings of $0.09 per share, excluding non-recurring items, $0.02 better than the First Call consensus of $0.07; revenues rose 6.1% year/year to $631.3 mln vs the $623.9 mln consensus. Co issues upside guidance for FY08, sees FY08 revs growth of 10-12%, which equates to ~$2.91-2.96 bln vs. $2.68 bln consensus.
18:01 SGP Schering-Plough announces that vicriviroc demonstrates potent and sustained viral suppression through 48 weeks of therapy in treatment-experienced HIV-infected patients (20.37 -0.02)

Co reported that final results of a Phase II clinical study showed vicriviroc, its investigational CCR5 antagonist, demonstrated potent and sustained viral suppression through 48 weeks of therapy in treatment- experienced HIV-infected patients, when administered once-daily as a single tablet in combination with an optimized ritonavir-boosted protease inhibitor containing antiretroviral regimen. Vicriviroc is a next-generation extracellular inhibitor of HIV infection designed to block entry of infectious virions into uninfected CD4 cells via antagonism of the CCR5 co-receptor. No clinically relevant differences in safety profile between the vicriviroc and control groups were observed in this study, including liver toxicity, opportunistic infections, malignancies or other conditions.
18:00 MRK Merck’s ISENTRESS tablets in combination with other anti-HIV medicines maintained reductions in HIV-1 viral load (45.71 -0.24) -Update-

Co announces that ISENTRESS (raltegravir) tablets, MRK’s HIV integrase inhibitor, in combination with other anti-HIV medicines, maintained significant HIV-1 viral load suppression and increased CD4 cell counts through 48 weeks of therapy compared to placebo in combination with anti-HIV medicines, in two Phase III studies of 699 treatment-experienced patients failing antiretroviral therapies (ARTs). Patients in the studies had HIV resistant to at least one drug in each of three classes (nucleoside reverse transcriptase inhibitors (NRTIs), non-nucleoside reverse transcriptase inhibitors (NNRTIs) and protease inhibitors (PIs)) of oral antiretroviral medicines.
17:58 CSCO Cisco Systems: Conference Call Summary (23.08 -0.18) -Update-

On the call, the company guides Q3 revenue growth rate of 10%, which equates to approx $9.79 vs consensus of $10.19 bln. CSCO says they remain comfortable with their long-term growth rate of 12-17%, and says while it is probable that they will remain in the 13-16% growth range for FY08, they will not provide guidance past that. CSCO also sees Q3 gross margins of 65%. The company’s gross margin was 65.9% in Q2, which benefited from cost savings, but was offset by pricing and discounts. CSCO says they see economic challenges in the US and Europe, and has a cautious near-term stance. The company says they saw a sharp drop-off from Dec to Jan, and is assuming January growth rates may continue over the next several months. However, the company expects growth rates to normalize in the relatively short-term. In terms of key trends, CSCO says service providers continue to look strong, and routing looks strong, but switching will probably be more challenging. CSCO says competition remains robust, but believes it is maintaining its leadership position and believes it is gaining market share in many of its 10 product categories. In its verticals, the company said it was most surprised by strength the financial sector, which was up 21% in the qtr. CSCO says retail and transportation were softer. Geographically, CSCO says emerging markets remain very strong, and would not be surprised if its growth rate is twice CSCO’s normal growth rate. The US service provider market is the area where the company continues to feel the most comfortable. The Europe service provider market is expected to be weak. Overall, CSCO remains optimistic about a majority of global economies outside the US. CSCO also states that 60% of its business in now outside the US, compared to 50% a couple years ago. In terms of growth drivers, CSCO is most excited about Phase two of the internet, and believes it has achieved a clear number one position in terms of thought leadership and implementation.
17:57 MEAS Measurement Specialties releases press release Q3 results, including guidance; co sees FY08 EPS and revs in-line (18.46 +0.01) -Update-

As mentioned at 16:55, co reports Q3 (Dec) earnings of $0.33 per share, $0.03 better than the First Call consensus of $0.30; revenues rose 12.4% year/year to $56 mln vs the $56.7 mln consensus. Co reaffirms FY08 EPS of $1.15-1.20 vs $1.17 consensus; sees revs of $227-228 mln vs $226.2 mln consensus. Co says, “Due to upcoming changes in the tax laws in China, we are expecting a jump in our effective tax rate which will negatively impact our fourth quarter; however, due to better than expected results in Q3, we reiterate our EPS guidance.”
17:52 GXP Great Plains Engy misses by $0.09, beats on revs; co is not issuing guidance at this time (28.35 +0.05)

Reports Q4 (Dec) earnings of $0.36 per share, excluding non-recurring items, $0.09 worse than the First Call consensus of $0.45; revenues rose 23.0% year/year to $806.2 mln vs the $690.1 mln consensus. Co says, “Due to the status and timing of the Aquila transaction and the Co’s strategic alternatives assessment for Strategic Energy, GXP is not issuing 2008 guidance or confirming future years’ guidance at this time. The Co expects to issue guidance later in 2008 upon conclusion of these initiatives.”
17:47 NMX NYMEX issues statement in response to DOJ opinion letter (87.80 -18.78) -Update-

NMX believes that a market-driven regulatory structure can most efficiently and safely meet the needs of a broad array of derivatives market users, particularly during dynamic periods of growth and volatility. The vertically integrated clearing model has stood the test of time for more than a century, including more than 80 years of federal regulation and Congressional oversight. In passing into law the landmark Commodity Futures Modernization Act of 2000, Congress once again rejected an approach under which market structure would be dictated by government fiat. By avoiding a “one-size-fits-all” model, Congress has instead provided for substantial flexibility in how companies may organize their businesses and still comply with regulatory requirements. We continue to believe that Congress made the appropriate choice by focusing upon a free market solution that also involves both self-regulation as well as direct oversight by the Commodity Futures Trading Commission. Our experienced staff has ensured that NYMEX continued to serve its market users without incident through periods of major market volatility. Any mandate or fiat that clearing of a given product must occur on numerous clearing organizations would actually increase systemic risk and default risk and also would seriously undermine the ability of a pro-active clearing organization such as NYMEX to manage market risk.
17:43 WMS WMS Industries: Earnings conf call summary (36.00 +0.65) -Update-

Co believes 5,000 units will be shipped to California in the remainder of FY08, with the majority in fiscal Q3 — remainder will be shipped in FY09 and FY10. Of four orders co has garnered so far, believe it has 23% mkt share… Co has 17% mkt share at LVS’ Palazzo, which is its highest mkt share ever on the Las Vegas Strip — typically in single-digits, 8-10% range… Co says it will continue to look at buying back its stock — current share repurchase program has $40 mln remaining; began in 2002… Dec quarter and January results so far have not indicated the economy is affecting results. Trying to be “very comfortable, realistic” with guidance due to anticipated impact from a slower economy… Co expects to see turnaround in North American replacement demand in second half of its FY09.
17:43 ABK AMBAC Fincl ‘financially strong’ – state regulator-DJ (11.01 -0.38)

17:40 AKAM Akamai Tech Conf Call Summary (29.73 ) -Update-

Co. guided on call: Q1 EPS of $0.38-$0.39 vs $0.38 consensus. Raising FY08 rev guidance to $800-$825 mln vs $804 mln consensus and raising EPS guidance to $1.65-$1.70 vs $1.65 consensus Also guided Q1 EPS to $0.38-$0.39 vs $$0.38 consensus on revs of $186-190 mln vs $183 mln consensus. Not commenting on upcoming litigation as per company policy. Noting that they saw stronger than expected growth in their commerce vertical as well as significant seasonal strength in media and entertainment. Consolidated ARPU grew 12% q/q. Saying the low customer adds was a result of churn. Saying it is also a result of shifting focus to deepening relationships with existing customers. Noting they expect gross margins to continue to trend downward but at a slower rate than it has been for the past few years. Noting that they still believe they have a good shot of achieving $1 bln in revs in 2009. Commenting that their gross margin decline was driven mostly by product mix. Saying that most of the customer churn they are seeing is from their smaller customers. They are playing down their subscriber addition number going forward… focusing on growing the relationship with their larger customers. Trading $30.55
17:39 REG Regency Centers beats by $0.02 (59.15 -1.10)

Reports Q4 (Dec) funds from operations of $1.16 per share, $0.02 better than the First Call consensus of $1.14.
17:38 EDS EDS issues Q1 guidance on conference call, sees revs $5.1-5.3 bln vs $5.32 bln First Call consensus (18.60 +0.27) -Update-

17:36 NYNY Empire Resorts confirms that it has not abandoned the St. Regis Mohawk casino project in Monticello and has no intention of doing so (1.46 -0.01) -Update-

Co announced today that is aware of a press release issued by the Tribe on February 5, 2008 and wishes to confirm that it has not abandoned the St. Regis Mohawk casino project in Monticello and has no intention of doing so. Given the recent rejection of the Tribe’s class III gaming project at the Monticello Raceway by the Secretary of Interior, the co and the Tribe must now continue to work together on a joint litigation strategy to overturn the Secretary’s unfair and unwarranted decision. Pending the outcome of this litigation, the Company, in furtherance of its fiduciary obligations to its stockholders, is exploring additional business proposals. The co and Concord Associates are currently in discussions with respect to the joint development of a 160 acre parcel in Kiamesha Lake, New York which may involve the relocation of the co’s raceway and V.G.M. operations to that site. In the event that a transaction emerges the Company will make timely and appropriate disclosure.
17:36 ENS Enersys beats by $0.07; guides Q4 EPS above consensus (25.37 +0.94)

Reports Q3 (Dec) earnings of $0.35 per share, excludingh non-recurring items, $0.07 better than the First Call consensus of $0.28; revenues fell 31.7% year/year to $474.6 mln vs the $474.6 mln consensus. Co sees Q4 EPS of $0.31-0.35, ex-charges, vs $0.28 consensus.
17:33 BEXP Brigham Exploration announces 2008 capital budget (6.32 -0.29)

Co announced its Board of Directors has approved a $134.4 million capital expenditure budget for 2008. Co currently plans to spud 33 wells in 2008 with an average working interest of 54%. Approximately $102.6 mln, or 76%, of our 2008 capital budget will fund drilling expenditures, which represents an approximate 6% increase compared to 2007. “We estimate that we will operate 93% of our 2008 drilling capital expenditure budget and that 71% of 2008 drilling capital expenditures will be allocated to development drilling while 29% will be allocated to exploration drilling. Additionally, we estimate that we will spend approximately $31.2 million in 2008 to develop our proved undeveloped reserves at December 31, 2007.”
17:33 CSCO Cisco Systems: On call, company says financial veritcal was up 21% in the qtr, retail and transportation was soft (23.08 -0.18) -Update-

17:32 IDIX Idenix Pharma reported data for IDX899; IDX899; demonstrates rapid and profound inhibition of HIV replication in a Phase I/II Clinical Trial (4.94 -0.06)

Co reported data for IDX899, a non-nucleoside reverse transcriptase inhibitor being developed for the treatment of HIV. In the first dosing cohort of an ongoing phase I/II study, eight HIV-1 infected treatment-naive patients receiving 800 mg of IDX899 once-daily achieved a mean reduction in virus level of 2.01 log(10), or 99%, after seven days of treatment. Additionally, two posters detailing the in-vitro resistance and pharmacokinetic profile in man of IDX899 were presented at the 2008 Conference on Retroviruses and Opportunistic Infections (CROI) this week in Boston, MA.
17:31 PDRT Particle Drilling reports Q1 EPS of ($0.10) vs ($0.05) First Call consensus – no revs (1.94 -0.03) -Update-

17:31 AHL Aspen Insurance beats by $0.36 (27.37 -0.27)

Reports Q4 (Dec) earnings of $1.47 per share, $0.36 better than the First Call consensus of $1.11. Co gives outlook saying, “The Co expects a challenging pricing environment to continue in 2008. Given the prevailing market conditions and anticipated trading performance, the Co expects to report an return on average equity in the range of 14-17% for 2008 assuming normal loss experience.
17:29 WCG WellCare Group discloses amendments to its Florida Non-Reform and Reform contracts — 8-K filing (49.64 +1.93) -Update-

The Registrant received executed amendments to its Florida Non-Reform and Reform contracts, between the State of Florida, Agency for Health Care Administration (“AHCA”) and each of HealthEase of Florida, Inc., a wholly-owned subsidiary of the Registrant, and WellCare of Florida, Inc. d/b/a Staywell Health Plan of Florida, also a wholly-owned subsidiary of the Registrant. The amendments under the Non-Reform and Reform contracts reflect, among other things, the allocation reduction and adjusted capitation rates as a result of reduced funding for prepaid health plans determined at the Florida Legislative Special Session held in October of 2007. The rate adjustments are effective as of January 1, 2008… The Registrant also received an executed amendment to its Medicaid Managed Care and Family Health Plus Model Contract between the City of New York Department of Health and Mental Hygiene and WellCare of New York, Inc., a wholly-owned subsidiary of the Registrant (“WellCare NY”), pursuant to which WellCare NY participates in New York City Family Health Plus and Medicaid programs. The amendment, among other things, extends the term of the contract through September 30, 2009.
17:28 Solar companies’ shipments slowed by winter storm in China – DJ

DJ reports heavy storms in China are affecting solar cos that manufacture there, with LDK Solar (LDK) and Suntech Power Holdings (STP) reporting delays in shipments. But these cos say disruptions should be minor. Since the weather worsened about three weeks ago, LDK and Suntech experienced delays that are likely to clear up by the middle of the month. Suntech had to close its factory for a day, Clean Technology Investor has learned. “We shut down production for one day because the workers could not get into the factory,” Suntech America’s President Roger Efird said in an interview. The co’s facility produces about one megawatt of modules at its facility per day, Efird estimated. “In terms of shipments we’re running two to three days behind,” Efird said of shipments to the U.S. Suntech’s factory is based in Wuxi, in the Jiangsu province of China. Other cos whose facilities are located there include Canadian Solar (CSIQ), China Sunergy (CSUN), Solarfun (SOLF) and Trina Solar (TSL).
17:27 PDRT Particle Drilling files S-3 related to $20 mln mixed shelf offering (1.95 -0.03) -Update-

17:26 UHAL AMERCO reports Q3 EPS of ($0.69) vs ($0.90) First Call consensus; revs $468.7 mln vs $462.00 mln First Call consensus (61.99 -5.31) -Update-

“The fourth quarter is developing in line with the most recent analyst’s estimate. As always in the fourth quarter, bad weather can significantly offset income, most of which comes right off of the bottom line.”
17:25 AVB AvalonBay misses by $0.05, reports revs in-line; guides Q1 FFO in-line; guides FY08 FFO in-line; co expects to issue ~$800 mln in new secured or unsecured debt during 2008 (91.85 +0.16)

Reports Q4 (Dec) funds from operations of $1.14 per share, $0.05 worse than the First Call consensus of $1.19; revenues rose 9.4% year/year to $212 mln vs the $212.7 mln consensus. Co issues in-line guidance for Q1, sees FFO of $1.23-1.27 vs. $1.22 consensus. Co issues in-line guidance for FY08, sees FFO of $4.90-5.20 vs. $5.04 consensus. Co says, “As discussed in Amendment No. 1 to the Company’s 2006 Annual Report on Form 10-K/A, the Company made a change related to its accounting for land leases. This change resulted in a non-cash charge to operating expenses and reduced reported FFO by $0.03 and $0.13 per share from what would have been reported for the three months and full year ended December 31, 2007 under the Company’s prior accounting treatment. Co expects planned asset sales of $700,000,000 to $1,000,000,000 in 2008. The co also expects that it may issue ~$800 mln in new secured or unsecured debt during 2008.
17:23 Follow-up on Airline merger talks headlines – WSJ

WSJ reports merger discussions between Delta Air Lines (DAL) and Northwest Airlines (NWA) have picked up steam, and a deal could be announced as early as next week, according to people who have been briefed on the negotiations. At the same time, preliminary talks between United Airlines parent UAL (UAUA) and Continental Airlines (CAL) have grown more serious, according to a person familiar with the situation. Key details of either agreement are yet to be hammered out, and the negotiations for either tie up could still fall apart, say people close to the talks. But major snags over how mgmt of the combined Delta-Northwest airline would be structured were overcome earlier this week, those people said, and previously stalled talks have resumed… As of Wednesday, a Delta-Northwest match still wasn’t a done deal. There is always the chance that Anderson will tell his board he thinks Delta should remain independent… United is instead focusing on discussions with Continental, said one person familiar with the situation. If a deal between the two does come together, the hope would be to do it very near a Northwest-Delta announcement, so the two potential combinations would undergo regulatory scrutiny at the same time, this person added… If Delta and Northwest sign a letter of intent in the coming days, that would trigger another development that could hasten further attempts to consolidate. Northwest currently has a “golden share” of preferred stock in Continental that allows Northwest to block a merger of Continental with another large carrier.
But if Northwest agrees to merge with Delta – even if the deal is never consummated – Continental could redeem that stock for a total of just $100.
17:23 EDS EDS Earnings Conference Call update (18.50 +0.27) -Update-

Co says second-half 2007 contract value was $11.8 bln, representing best performance since 2001. “We are pleased with recent booking trends.” Co is “happy with the momentum in the mkt and feels good about it”… The deals that shifted in the Q4 were all deals that were down selected to one, these are deals co has already been chosen for but are still contracting for… As for the pipeline, overall 2008 sales pipeline is up 10% YoY. All regions are showing very healthy pipeline growth. Margins were slightly down, but expect margin expansion and bottom line improvement… Co says financial priorities include driving operating margin and free cash flow improvement (that is number one project working on), building on strong presence in ITO, continuing to enhance high-margin applications services, and expanding Best Shore global delivery… As for macroeconomic risk, co believes and still sees mkt strength in what it does, but will scale back if necessary. Co has not seen anything that has put co in serious state of concern.
17:19 AVB sees FY08 funds from operations of $4.90-5.20 vs $5.04 First Call consensus

17:18 JAV Javelin Pharmaceuticals files S-3 related to $60 mln mixed shelf (3.57 +0.04)

17:18 AVB sees Q1 funds from operations of $1.23-1.27 vs $1.22 First Call consensus

17:17 AVB prelim funds from operations of $1.14 vs $1.19 First Call consensus

17:16 CSCO Cisco Systems: On call, company sees Q3 gross margins of approx 65% (23.08 -0.18) -Update-

17:15 CSCO Cisco Systems: Says it is probable they will remain in lower range of 13-16% growth range for FY08, but wont provide guidance beyond Q3 (23.08 -0.18) -Update-

17:15 Airline merger talks could fall apart, sources say – WSJ

(CAL, DAL, UAUA, NWA)
17:15 CSCO Cisco Systems’ cautious commentary/guidance sends tech stocks lower in after-hours (23.08 -0.18) -Update-

A number of tech stocks are trading lower in reaction to CSCO’s cautious guidance, including the following: Peers JNPR -5%, FFIV -6.9% and BRCM -2%; NETL is -4% as its largest customer is CSCO, with 61% of 2006 sales coming from CSCO… Additionally, big tech stocks HPQ -2%, INTC -2%, DELL -1%, QQQQ -1.4% are lower as well… CSCO is trading -7% at 21.48 in after-hours.
17:14 DAL Delta, Northwest deal may be announced next week, sources say – WSJ (17.95 +0.92)

(NWA)
17:14 ESS Essex Property reports 4Q07 funds from operations of $1.25 vs $1.26 First Call consensus; sees FY08 funds from operations of $5.85-6.15 vs $5.89 First Call consensus (101.81 +1.31)

17:13 CAL Continental Air, UAL talks serious, source says – WSJ (28.78 +0.58) -Update-

(UAUA)
17:12 ESS sees FY08 funds from operations of $5.85-6.15 vs $5.89 First Call consensus

17:11 NWA Northwest Airlines/Delta merger talks pick up steam, sources say – WSJ (18.47 +0.69) -Update-

(DAL)
17:10 ESS prelim funds from operations of $1.25 vs $1.26 First Call consensus

17:10 RJET Republic Airways beats by $0.01, reports revs in-line (20.06 +0.47)

Reports Q4 (Dec) earnings of $0.58 per share, excluding $0.07 gain, but including transition expenses, $0.01 better than the First Call consensus of $0.57; revenues rose 19.1% year/year to $351.8 mln vs the $353.3 mln consensus. Briefing.com note: Whether transition expenses are included or excluded from consensus, the co beat either way.
17:08 PSD Puget Energy reports Q4 EPS of $0.46 vs $0.51 consensus; reports revs up 2% yr/yr to $953.4 mln vs $957.2 mln consensus (26.16 +0.08)

17:08 CSCO Cisco Systems: On call, company says 60% of business is now outside US, compared to 50% from a couple years ago (23.08 -0.18) -Update-

17:06 DEL Deltic Timber reports Q4 EPS of $0.13 vs ($0.16) in yr ago period; revs $24.44 mln vs $26.75 mln in yr ago period (49.63 -1.16)

Co says, “We currently anticipate the pine sawtimber harvest to be 170,000 to 180,000 tons and 550,000 to 575,000 tons, respectively. Finished lumber production and sales volumes are estimated to be 60 to 70 million board feet for the first quarter and 270 to 300 million for the year, but these volumes are dependent upon market conditions. Residential lot sales are projected at 5 to 10 lots and 60 to 80 lots for the first quarter and year of 2008, respectively.”
17:02 JKHY Jack Henry reports EPS in-line, beats on revs (24.67 -0.09)

Reports Q2 (Dec) earnings of $0.32 per share, in-line with the First Call consensus of $0.32; revenues rose 14.9% year/year to $192.2 mln vs the $188.2 mln consensus.
17:01 JKHY prelim $0.32 vs $0.32 First Call consensus; revs $192.2 mln vs $188.16 mln First Call consensus

17:01 MWAV M-Wave terminates merger with Blue Sun Biodiesel LLC/Sunfuels, Inc. (0.85 -0.05)

Co announces that they have terminated the merger agreement with Blue Sun Biodiesel LLC, and Sunfuels, Inc, originally dated January 26, 2007. On January 31, 2008, the Merger agreement expired and was terminated by M-Wave’s board of directors on February 1, 2008. The company does not have further obligations to Blue Sun with respect to the existing Merger Agreement. The Board of Directors of M-Wave, Inc. determined that it is in the best interest of their shareholders, customers, suppliers, and employees to terminate the Merger Agreemen
17:01 RJET prelim $0.65 vs $0.57 First Call consensus; revs $351.8 mln vs $353.30 mln First Call consensus

16:56 PPHM Peregrine Pharma Correction (0.51 -0.02)

At 15:55 we incorrectly reported that a PPHM Director bought 21K shares, when in fact it was a PHHM Director that bought stock. (Briefing.com note: original post has been updated)
16:55 CSCO Cisco Systems: On call, company guides Q3 rev growth of 10%; which equates to approx $9.79 vs consensus of $10.19 (23.08 -0.18) -Update-

16:55 MEAS Measurement Specialties beats by $0.03, misses on revs (18.46 +0.01)

Reports Q3 (Dec) earnings of $0.33 per share, $0.03 better than the First Call consensus of $0.30; revenues rose 12.4% year/year to $56 mln vs the $56.7 mln consensus.
16:53 AKAM Akamai Tech Guiding Q1 revs to $186-190 mln vs $183 mln consensus -Update-

16:52 WSH Willis Group beats by $0.05, misses on revs; guides FY08 EPS in-line; guides EPS for FY09 and FY10 (34.30 -0.55)

Reports Q4 (Dec) earnings of $0.64 per share, $0.05 better than the First Call consensus of $0.59; revenues rose 2.9% year/year to $639 mln vs the $654.4 mln consensus. Co issues in-line guidance for FY08, sees EPS of 2.85-2.95 vs. $2.91 consensus. WSH sees FY09 EPS of $3.30-3.40; sees FY10 EPS of $4.00-4.10 … includes $0.10 accretion in FY08 and $0.30 by FY10 via share buy backs.
16:52 MEAS prelim $0.33 vs $0.30 First Call consensus; revs $56.0 mln vs $56.66 mln First Call consensus

16:52 CSCO Cisco Systems: On call, says they see Europe and US customers as being “cautious” (23.08 -0.18) -Update-

16:51 AKAM Akamai Tech Guiding on Call -Update-

Q1 EPS of $0.38-$0.39 vs $0.38 consensus. Raising FY08 rev guidance to $800-$825 mln vs $804 mln consensus and raising EPS guidance to $1.65-$1.70 vs $1.65 consensus
16:49 WSH sees FY09 EPS of $3.30-3.40; sees FY10 EPS of $4.00-4.10 … includes $0.10 accretion in FY08 and $0.30 by FY10 via share buy backs

16:47 WSH sees FY08 $2.85-2.95 vs $2.91 First Call consensus

16:47 XIDE Exide Tech announces appointment of Phillip Damaska as EVP and CFO; Francis Corby to retire at conclusion of FY08 (8.37 +0.06)

Co announced that its Board of Directors has appointed Phillip Damaska as the co’s new Executive Vice President and Chief Financial Officer, effective April 1, 2008.
16:47 NAVR Navarre beats by $0.01, beats on revs; guides FY08 revs in-line (1.86 +0.09)

Reports Q3 (Dec) earnings of $0.11 per share, $0.01 better than the two analyst est of $0.10; revenues rose 11.3% year/year to $217.5 mln vs the $188 mln two analyst est. Co issues in-line guidance for FY08, sees FY08 revs of $620-$640 mln vs. $620.03 mln two analyst est.
16:46 WSH prelim $0.64 vs $0.59 First Call consensus; revs $639 mln vs $654.40 mln First Call consensus

16:46 SFLY Shutterfly misses by $0.02, beats on revs; guides Q1 revs below consensus; guides FY08 revs in-line (15.90 -1.13)

Reports Q4 (Dec) earnings of $0.63 per share, $0.02 worse than the First Call consensus of $0.65. Co issues downside guidance for Q1, sees Q1 revs of $34-36 mln vs. $37.43 mln consensus. Co issues in-line guidance for FY08, sees FY08 revs of $245-255 mln vs. $251.73 mln consensus. Average orders per day were approximately 28,800, a 44% year-over-year increase.
16:45 CEP Constellation Energy Ptnrs appoints Stephen Brunner as Chief Operating Officer (21.64 -0.60)

16:45 SHLM A. Schulman announces that it has decided to shut down its manufacturing facility in St. Thomas, Ontario, and to pursue a sale of its plan in Orange, Texas (20.33 -0.15)

The co announces two aggressive steps in its continuing effort to improve the profitability of its North American operations. The co has decided to shut down its manufacturing facility in St. Thomas, Ontario, and to pursue a sale of its plant in Orange, Texas. The St. Thomas, Ontario plant primarily produces engineered plastics for the automotive mkt, with a capacity of 74 mln pounds per year and approximately 120 employees. By closing the facility, the co expects to save $6-7 mln in fiscal 2009 and an estimated $9-10 mln annually beginning in fiscal 2010… The co expects to take charges related to the St. Thomas closing and the Orange plant sale. While the exact amount and timing of the charges are undetermined at this time, the co expects total charges in the range of $10-15 mln. A. Schulman’s goal is to find a buyer and close the sale by the end of fiscal 2008.
16:44 DSCM Drugstore.com: Correction (2.72 -0.17) -Update-

In our 16:18 comment we incorrectly compared DSCM’s FY08 guidance to FY07 consensus. Our previous comment has been changed to reflect FY08 guidance to FY08 consensus.
16:44 DTLK Datalink beats by $0.01, reports revs in-line; guides Q1 EPS below consensus, revs in-line (4.28 +0.03)

Reports Q4 (Dec) earnings of $0.13 per share, excluding non-recurring items, $0.01 better than the First Call consensus of $0.12; revenues rose 31.0% year/year to $50.7 mln vs the $50.5 mln consensus. Co issues downside EPS guidance for Q1, sees EPS of $0.02-0.06 vs. $0.10 consensus; sees Q1 revs of $44-48 mln vs. $48.00 mln consensus.
16:43 SFLY sees FY08 revs $245-255 mln vs $251.73 mln First Call consensus

16:43 CSCO Cisco Systems: On call, co says they believe they are maintaining their leadership position in many segments, gaining share in most product catagories (23.08 -0.18) -Update-

16:43 SFLY sees Q1 revs $34-36 mln vs $37.43 mln First Call consensus

16:42 NAVR reiterates FY08 revs $620-640 mln vs $620.03 mln First Call consensus

16:42 SFLY prelim GAAP EPS of $0.63 vs $0.65 First Call consensus; revs $97.5 mln vs $93.77 mln First Call consensus

16:42 ENH Endurance Specialty beats by $0.57 (40.02 -0.92)

Reports Q4 (Dec) earnings of $2.30 per share, excluding non-recurring items, $0.57 better than the First Call consensus of $1.73; co reports revs down 1% yr/yr to $470.7 mln.
16:41 NAVR prelim $0.11 vs $0.10 First Call consensus; revs $217.5 mln vs $188.04 mln First Call consensus

16:41 PPDI PPD Inc. reports EPS in-line, beats on revs (42.08 -0.09)

Reports Q4 (Dec) earnings of $0.34 per share, in-line with the First Call consensus of $0.34; revenues rose 15.0% year/year to $375 mln vs the $346.4 mln consensus.
16:41 UFPI Universal Forest reports Q4 (Dec) results, beats on revs; guides FY08 revs in-line (32.26 -1.49)

Reports Q4 (Dec) loss of $0.57 per share, may not be comparable to the First Call consensus of $0.08; revenues rose 2.7% year/year to $512.7 mln vs the $497.2 mln consensus. Co issues in-line guidance for FY08, sees FY08 revs of $2.45-2.55 bln vs. $2.52 bln consensus.
16:40 MBI MBIA Capital Raising May Preserve AAA Rating — Wilbur Ross during Bloomberg TV interview (14.28 -0.62) -Update-

Ross also commented that he has been taking a look at co’s in the space.
16:40 SPTN Spartan Stores beats by $0.03, beats on revs (18.51 +0.58)

Reports Q3 (Dec) earnings of $0.36 per share, $0.03 better than the First Call consensus of $0.33; revenues rose 15.6% year/year to $826.1 mln vs the $807.4 mln consensus. Co expects comparable retail store sales to increase in the low single digits during the final quarter of fiscal 2008. For the full fiscal year, they expect the Felpausch stores to add approximately $85 mln in consolidated sales. Co does not expect to incur any significant incremental expenses for repositioning and marketing costs during the balance of fiscal 2008, as the grand re-openings for the next four remodels will not take place until the fiscal 2009 first quarter.
16:39 UFPI sees FY08 revs $2.45-2.55 mln vs $2.52 bln First Call consensus

16:38 UFPI prelim ($0.57), may not be comparable to $0.08 First Call consensus; revs $512.6 mln vs $497.21 mln First Call consensus

16:38 CPII CPI International reports Q1 (Dec) results, misses on revs; guides Q2 EPS below consensus; lowers FY08 revs in-line (13.30 +0.72)

Reports Q1 (Dec) earnings of $0.14 per share, includes charges, may not be comparable to the First Call consensus of $0.28; revenues rose 2.6% year/year to $85.9 mln vs the $88.1 mln consensus. Co downside guidance for Q2, sees EPS of $0.24-0.29 vs. $0.33 consensus. Co lowers guidance for FY08, sees FY08 revs of $375-385 mln vs. $381.18 mln consensus, down from $382-390 mln. Co says net income in the third and fourth quarters of fiscal 2008 are expected to be relatively equal to each other. Co also says, “Delays in the placement of certain orders, which resulted in delayed and reduced shipments in the first quarter, appear to be continuing into the second quarter, shifting the corresponding sales to later periods. Therefore, in fiscal 2008, we do not expect to make up the amount by which we missed our guidance in the first quarter.”
16:37 RACK Rackable Systems: Discloses that CFO Madhu Ranganathan will voluntarily terminate her employment with the co within 3-5 months (7.99 -0.22) -Update-

In its 8-K, the co disclosees that “Madhu Ranganathan, the Chief Financial Officer of Rackable Systems, advised the co that she intends to voluntarily terminate her employment with the Company within three to five months, during which time a suitable successor can be hired and transitioned without interruption. “
16:36 EXBD Corp Exec Bd beats by $0.04, misses on revs; co guides Y08 (51.82 -3.27)

Reports Q4 (Dec) earnings of $0.63 per share, $0.04 better than the First Call consensus of $0.59; revenues rose 13.3% year/year to $142.2 mln vs the $145 mln consensus. Co issues downside guidance for Q1, sees EPS of $0.33-0.37 vs. $0.52 consensus; sees Q1 revs of $133-137 mln vs. $144.45 mln consensus. Co issues mixed guidance for Q2 (Jun), sees EPS of $0.44-0.48 vs. $0.48 consensus; sees Q2 (Jun) revs of $134-141 mln vs. $151.95 mln consensus. Co issues downside guidance for Q3, sees EPS of $0.55-0.64 vs $0.65 consensus; co sees revs of $139-152 mln vs $160.05 mln consensus. Co issues mixed guidance for Q4, sees EPS of $0.71-0.78 vs $0.71 consensus; co sees revs of $150-165 mln vs $173.55 consensus. Co issues downside guidance for FY08, sees EPS of $2.06-2.22 vs. $2.46 consensus; sees FY08 revs of $559-586 mln vs. $632.83 mln consensus.
16:34 FRED Fred’s announces strategic plan to improve profitability and operating margin, sees FY07 EPS of $0.50-0.56 vs $0.57 First Call consensus (9.02 -0.35)

Co announces it has embarked on a strategic plan to improve its performance. Specifically, the plan will involve (all focused on achieving the long-term goal of increasing annual operating margin to 4.5%) improving the core store performance by closing 75 under-performing locations, repositioning and reducing corporate overhead by 10%, generating $11 mln in annualized cash savings beginning in the second half of 2008 and initiating multiple merchandising programs to enhance margin and address the changing shift in sales mix. The Company plans to close all of the 75 underperforming stores in 2008… The anticipated cost of the restructuring is ~$26 mln. The write-offs of inventory, fixtures and pharmacy intangible assets will affect the fourth quarter 2007 by ~$19 mln, or ~$0.32/share. Co estimates FY07 EPS of $0.50-0.56, excluding these expenses, vs $0.57 First Call consensus. In 2008, the co expects to record the remaining $7 mln of lease-related expenses of the closed stores. The program will yield savings of ~$11 mln on an annualized basis… Co also reports comparable store sales for January fell 1.2% vs -1.3% Briefing.com consensus.
16:34 CSCO Cisco Systems: On call, company says they are comfortable with long-term growth rate of 12% to 17% (23.08 -0.18) -Update-

16:34 OESX Orion Energy Systems reports Q3 EPS of $0.03 vs $0.03 First Call consensus; revs rose 71% to $23.3 mln (vs $19.99 mln First Call consensus) (14.90 )

16:33 TMK Torchmark Corp beats by $0.01 (60.18 +0.17)

Reports Q4 (Dec) earnings of $1.41 per share, $0.01 better than the First Call consensus of $1.40.
16:33 ENH prelim $2.18 vs $1.73 First Call consensus

16:33 PPDI PPD to acquire InnoPharm, an independent contract research organization based in Russia (42.08 -0.09)

16:32 IXYS Ixys reports Q3 EPS $0.07 vs $0.09 two-analyst consensus; revs $73.1 mln vs $78.00 mln single analyst est (7.37 +0.00)

16:32 WIND Wind River reorganizes into product divisions to optimize growth and profitability, some positions will be eliminated (8.29 -0.21)

Co announced that it has reorganized into four product divisions. As a result of the reorganization, certain non-critical, redundant or administrative positions will be eliminated, and staffing of development resources in low-cost geographies will be accelerated.
16:32 CPII prelim $0.14 vs $0.28 First Call consensus; revs $85.9 mln vs $88.09 mln First Call consensus

16:31 MOT Motorola: Carl Icahn discloses 5.0% stake in SC 13D (11.47 -0.04)

In filing Icahn states it “acquired their positions in the Shares in the belief that they were undervalued. The Reporting Persons have had, and intend to seek to have further, conversations with members of the Issuer’s management and the board of directors to discuss ideas that management, the board of directors and the Reporting Persons may have to enhance shareholder value.”
16:31 SPTN prelim $0.36 vs $0.33 First Call consensus; revs $826.1 mln vs $807.39 mln First Call consensus

16:31 EXBD sees Q1 revs $133-137 mln vs $144.45 mln First Call consensus

16:31 DTLK sees Q1 $0.02-0.06 vs $0.10 single estimate

16:31 Warren Buffett says dollar ‘worthless’ in 5-10 years if dollar deficit continues – DJ

16:30 EXBD sees FY08 $2.06-2.22 vs $2.46 First Call consensus; sees revs $559-586 mln vs $632.83 mln First Call consensus

16:30 DTLK prelim $0.13 vs $0.12 First Call consensus; revs $50.7 mln vs $50.50 mln First Call consensus

16:30 EXBD prelim $0.63 vs $0.59 First Call consensus; revs $142.2 mln vs $145.04 mln First Call consensus

16:29 GFF Griffon reports 1Q08 EPS of ($0.05) vs $0.19 First Call two analyst est; revs decreased from a year ago to $341.4 mln vs $371.00 mln First Call single analyst est (10.98 +0.12)

16:29 CCI Crown Castle misses by $0.20, beats on revs; guides Q1 EPS in-line; guides FY08 EPS in-line (34.80 -0.31)

Reports Q4 (Dec) loss of $0.30 per share, $0.20 worse than the First Call consensus of ($0.10); revenues rose 78.0% year/year to $375.2 mln vs the $359.8 mln consensus. Co issues in-line guidance for Q1, sees EPS of ($0.15)-($0.01) vs. ($0.07) consensus; co sees site rental revs of $336-341 mln. Co issues in-line guidance for FY08, sees EPS of ($0.42)-(0.06) vs. ($0.23) consensus; co sees site rental revs of $1.377-1.392 bln.
16:27 PPDI prelim $0.34 vs $0.34 First Call consensus; revs $375.0 mln vs $346.44 mln First Call consensus

16:26 NAPS Napster beats by $0.06, reports revs in-line; guides Q4 revs below consensus (1.73 -0.09)

Reports Q3 (Dec) loss of $0.06 per share, $0.06 better than the First Call consensus of ($0.12); revenues rose 15.5% year/year to $32.8 mln vs the $33.1 mln consensus. Co issues downside guidance for Q4, sees Q4 revs of $29-31 mln, excluding breakage revenue, vs. $35.19 mln consensus. Revenue for FY08 is expected to exceed $125 mln, vs consensus of $132.19 consensus, and excluding breakage revenue, FY08 revenue is expected to grow more than 17% year over year. “We believe that Napster will be cash flow positive for fiscal 2008 as previously projected.”
16:25 SNWL SonicWALL misses by $0.01, beats on revs; guides Q1 EPS below consensus, revs above consensus (8.19 -0.38)

Reports Q4 (Dec) earnings of $0.06 per share, $0.01 worse than the First Call consensus of $0.07; revenues rose 19.9% year/year to $56 mln vs the $54.8 mln consensus. Co issues mixed guidance for Q1, sees EPS of $0.02-0.04 vs. $0.07 consensus; sees Q1 revs of $54-56 mln vs. $53.60 mln consensus. The co also expects non-GAAP gross margin to be in the range of 70% to 71% of revenue.
16:25 TLEO Taleo beats by $0.01, beats on revs (20.98 )

Reports Q4 (Dec) earnings of $0.14 per share, $0.01 better than the First Call consensus of $0.13; revenues rose 30.2% year/year to $34.5 mln vs the $33.9 mln consensus.
16:25 TECHX Equity markets surrender days gains, finish at or near session’s worst levels

For the second straight session, the major averages settled at or near their worst levels of the day. However, unlike yesterday, the markets started off strongly after recovering from the worst daily performance for stocks in nearly one year. The Dow Industrials posted triple digit gains in the early going, riding some bullish sentiment from a stronger than anticipated Q4 Productivity figure and strong DIS earnings. The markets topped out at 11:30a.m. Est & began trending lower for the remainder of the session, finally settling near their late afternoon lows. Much of the aforementioned drop can be attributed to big cap financial name MER (S&P noted most at risk of downgrade due to Bond Insurer/CDO trouble) and commentary from a Fed member during the afternoon (rate cuts will not solve bond insurers’ problems, biggest risk is recession but Fed must remain vigilant against rising inflation as well). Unofficially, the INDU settled @ 12200 -65, SPX @ 1326.50 -10.0, NDX @ 1741 -32.50, COMPQ @ 2278.75 -30.8, & RUT -692.50 -9.0. Today’s sector strength is noted in Gold (GLD +1.4%), Agriculture (DBA +0.55%), Healthcare (XLV +0.30%), & Transports (IYT +0.20). Sector weakness is evident in Homebuilders (XHB -3.8%), Broker/Dealers (IAI -3.5%), Semiconductors (XSD -3.5%, SMH -1.8%), Clean Energy (PBW -3.4%), Technology (QQQQ -2.0%), & Real Estate (IYR -1.8%).
16:25 EGOV NIC Inc beats by $0.01, beats on revs; guides FY08 revs above consensus (7.10 -0.01)

Reports Q4 (Dec) earnings of $0.04 per share, $0.01 better than the First Call consensus of $0.03; revenues rose 17.3% year/year to $22.1 mln vs the $21 mln consensus. Co issues upside guidance for FY08, sees FY08 revs of $98.5-100.7 mln vs. $98.00 mln consensus.
16:23 LTRE Learning Tree misses by $0.02, reports revs in-line (17.91 -0.51)

Reports Q1 (Dec) earnings of $0.35 per share, $0.02 worse than the single estimate of $0.37; revenues rose 19.2% year/year to $50.9 mln vs the $50.7 mln single estiamte.
16:23 CREL Corel beats by $0.04, beats on revs; guides Q1 EPS below consensus, revs below consensus; guides FY08 EPS in-line, revs in-line (7.39 +0.02)

Reports Q4 (Nov) earnings of $0.51 per share, excluding non-recurring items, $0.04 better than the First Call consensus of $0.47; revenues rose 52.7% year/year to $72.4 mln vs the $67.8 mln consensus. Co issues downside guidance for Q1, sees EPS of $0.24-0.30, excluding non-recurring items, vs. $0.36 consensus; sees Q1 revs of $61-63 mln vs. $63.23 mln consensus. Co issues in-line guidance for FY08, sees EPS of $1.50-1.70, excluding non-recurring items, vs. $1.56 consensus; sees FY08 revs of $258-273 mln vs. $265.49 mln consensus.
16:22 KNL Knoll beats by $0.05, beats on revs; guides Q1 EPS above consensus, revs above consensus (12.70 +0.03)

Reports Q4 (Dec) earnings of $0.42 per share, $0.05 better than the First Call consensus of $0.37; revenues rose 3.2% year/year to $281.8 mln vs the $267.9 mln consensus. Co issues upside guidance for Q1, sees EPS of $0.32-0.34 vs. $0.31 consensus; sees Q1 revs of $258-265 mln vs. $247.97 mln consensus.
16:22 HMN Horace Mann misses by $0.01 (18.20 -0.07)

Reports Q4 (Dec) earnings of $0.41 per share, $0.01 worse than the First Call consensus of $0.42. Revs fell 3.6% YoY to $221.6.
16:22 MBI MBIA Inc provides updated information on 2007 financial results (14.28 -0.62) -Update-

Co announced that in connection with the continuing review and finalizing of its financial results for its Q4 and full year 2007, it will decrease its previously announced fourth quarter pre-tax net loss on financial instruments at fair value (“mark-to-market”) by $110 mln and increase its previously announced special addition to the unallocated loss reserve for prime, second-lien mortgage exposure by $100 mln to $200 mln. These changes will result in a $6.5 mln decrease to the co’s previously announced net loss for the year and three months ended December 31, 2007.
16:22 SRCL Stericycle beats by $0.01, beats on revs (54.89 -1.39)

Reports Q4 (Dec) earnings of $0.38 per share, excluding non-recurring items, $0.01 better than the First Call consensus of $0.37; revenues rose 20.6% year/year to $251.6 mln vs the $239.8 mln consensus.
16:21 HB Hillenbrand beats by $0.04, reports revs in-line; guides FY08 EPS in-line, revs in-line (51.44 -0.84)

Reports Q1 (Dec) earnings of $0.70 per share, $0.04 better than the First Call single analyst est of $0.66; revenues rose 4.4% year/year to $504.3 mln vs the $502.3 mln single est. Co issues in-line guidance for FY08, sees EPS of $3.10-3.38 vs. $3.23 consensus; sees FY08 revs of $2.095-2.162 bln vs. $2.13 bln single analyst est.
16:21 MBI MBIA to issue $750 million in common stock (14.28 -0.62)

The co announces that it will issue approximately 50.3 mln shares of its common stock to raise $750 mln in an underwritten registered offering. J.P. Morgan Securities and Lehman Brothers are acting as the joint book-running managers of this offering. Warburg Pincus will provide a backstop for this offering by agreeing to purchase up to $750 mln of convertible participating preferred stock, subject to limited conditions. The convertible participating preferred stock will mandatorily convert into the co’s common stock, upon a shareholder vote. Warburg Pincus has the option to purchase up to $300 mln of the convertible participating preferred stock under the backstop.
16:21 HUBG Hub Group beats by $0.06, beats on revs; guides FY08 EPS in-line (28.06 -0.19)

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 rose 4.7% year/year to $445.5 mln vs the $426.6 mln consensus. Co issues in-line guidance for FY08, sees EPS of $1.50-1.62 vs. $1.57 consensus.
16:21 CREL sees FY08 $1.50-1.70 vs $1.56 First Call consensus; sees revs $258-273 mln vs $265.49 mln First Call consensus

16:21 EGOV prelim $0.04 vs $0.03 First Call consensus; revs $22.1 mln vs $21.00 mln First Call consensus

16:20 NVT Navteq beats by $0.13, beats on revs (73.72 -0.23)

Reports Q4 (Dec) earnings of $0.61 per share, $0.13 better than the First Call consensus of $0.48; revenues rose 53.0% year/year to $276.4 mln vs the $246.2 mln consensus.
16:20 CREL sees Q1 $0.24-0.30 vs $0.36 First Call consensus; sees revs $61-63 mln vs $63.23 mln First Call consensus

16:20 SSTI Silicon Storage reports Q4 (Dec) results, beats on revs; guides Q1 EPS below consensus, revs in-line; announces $30 mln repurchase program (2.65 )

Reports Q4 (Dec) loss of $0.23 per share, may not be comparable to the First Call consensus of $0.02; revenues fell 9.2% year/year to $107.4 mln vs the $105.2 mln consensus. Co issues mixed guidance for Q1, sees EPS of ($0.10)-($0.03) vs. ($0.01) single analyst est; sees Q1 revs of $83-$93 mln vs. $88.00 mln single analyst est. The co also announced a $30 mln repurchase program
16:19 CREL prelim $0.51 vs $0.47 First Call consensus; revs $72.4 mln vs $67.82 mln First Call consensus

16:19 EDS EDS misses by $0.02, reports revs in-line; guides FY08 EPS below consensus, revs in-line (19.61 +0.27)

Reports Q4 (Dec) earnings of $0.55 per share, excluding non-recurring items, $0.02 worse than the First Call consensus of $0.57; revenues rose 2.2% year/year to $5.83 bln vs the $5.88 bln consensus. For FY08, co sees EPS of $1.35, excluding non-recurring items, vs. $1.62 consensus; sees FY08 rev growth of +2% which computes to $22.58 bln vs. $22.59 bln consensus.
16:19 NVT prelim $0.61 vs $0.48 First Call consensus; revs $276.4 mln vs $246.24 mln First Call consensus

16:19 MRY Memry reports Q2 $0.01 vs $0.01 First Call consensus; revs rose 11% YoY to $13.8 mln vs $12.95 mln First Call consensus (1.26 -0.06)

“Looking forward, we anticipate revenues in the second half of fiscal 2008 to be strong, with the nitinol product segment performing particularly well. We should show noticeable full year revenue growth in the nitinol segment for the first time in three years and we anticipate ending the year with our strongest ever pipeline of developmental products. Second half operating expenses should be lower than the prior year due to the completion of the jury portion of the Kentucky Oil trial and a corresponding drop in litigation expenses.”
16:19 TLB Talbots reports comparable store sales, issues downside guidance (8.17 +0.29)

Co sees Q4 non-GAAP EPS of ($0.23)-($0.28) vs ($0.18) consensus; co reports revs of $587 mln vs $602 mln consensus. Co reports Q4 comparable store sales -6.0%, with positive January same store sales.
16:19 ANDE Andersons beats by $0.19, beats on revs (45.65 -0.22)

Reports Q4 (Dec) earnings of $1.28 per share, $0.19 better than the First Call consensus of $1.09; revenues rose 69.3% year/year to $784.6 mln vs the $653.8 mln consensus.
16:18 DSCM Drugstore.com beats by $0.01, misses on revs; guides Q1 revs below consensus; guides FY08 revs in-line (2.72 -0.17)

Reports Q4 (Dec) net of breakeven, $0.01 better than the First Call consensus of ($0.01); revenues rose 5.6% year/year to $118.2 mln vs the $122.1 mln consensus. Co issues downside guidance for Q1, sees Q1 revs of $118-122 mln vs. $123.10 mln consensus. Co issues in-line guidance for FY08, sees FY08 revs of $498-512 mln vs. $508.97 mln consensus.
16:18 NAPS FY08 revenue is expected to exceed $125 mln; consensus is $132.19

16:18 TLEO prelim $0.14 vs $0.13 First Call consensus; revs $34.5 mln vs $33.94 mln First Call consensus

16:17 DHX Dice Holdings beats by $0.02, reports revs in-line; guides Q1 revs above consensus (6.75 +0.35)

Reports Q4 (Dec) earnings of $0.09 per share, excluding non-cash impairment charge, $0.02 better than the First Call consensus of $0.07; revenues rose 48.5% year/year to $39.5 mln vs the $39.7 mln consensus. Co issues upside guidance for Q1, sees Q1 revs of $39-40.5 mln vs. $38.45 mln consensus.
16:17 NAPS sees Q4 revs $29-31 mln vs $35.19 mln First Call consensus

16:17 PRU Prudential misses (77.40 )

Reports Q4 (Dec) earnings of $1.61 per share, $0.27 worse than the First Call consensus of $1.88. “Despite turbulent financial markets in the second half of 2007, our results for the year are solid. Underlying performance of our businesses remained strong, and each of our operating divisions registered a double-digit earnings increase. While we are not immune to unfavorable financial market conditions, which were reflected in results of some of our businesses for the current quarter, we believe that our strong balance sheet and diversified mix of domestic and international businesses position us well for sustainable long-term performance consistent with our goals,” said Chief Executive Officer and Chairman-elect John Strangfeld.
16:16 TLB sees Q4 non-GAAP EPS of ($0.23)-($0.28) vs ($0.18) consensus

16:16 XIDE Exide Tech reports Q3 EPS of $0.25 vs ($0.18) in 3Q06; revs rose 35% YoY to $1.04 bln (8.37 +0.06)

16:16 FISV Fiserv misses by $0.02, beats on revs; guides FY08 EPS in-line (49.59 -0.51)

Reports Q4 (Dec) earnings of $0.69 per share, excluding non-recurring items, $0.02 worse than the First Call consensus of $0.71; revenues rose 19.4% year/year to $1.11 bln vs the $1.07 bln consensus. Co issues in-line guidance for FY08, sees EPS of $3.33-3.47 vs. $3.46 consensus. Co says, “we expect full-year 2008 overall company adjusted internal revenue growth of 5 to 7 percent, with the financial segment at the upper end of the range and the insurance segment at the lower end of the range… We expect to achieve strong results in 2008 even in the face of market variability. And given the nature of our business model, we believe we are positioned to achieve similarly strong results in 2009.”
16:15 TLB sees Q4 revs of $587 mln vs $602 mln consensus

16:15 NAPS prelim ($0.06) vs ($0.12) First Call consensus; revs $32.8 mln vs $33.07 mln First Call consensus

16:15 UTI Universal Technical Institute beats by $0.06, beats on revs (14.10 -0.62)

Reports Q1 (Dec) earnings of $0.24 per share, $0.06 better than the First Call consensus of $0.18; revenues rose 0.6% year/year to $90 mln vs the $86 mln consensus. Average undergraduate enrollment for the first quarter of fiscal 2008 was 16,576 students, a decrease of 4.0%, compared with 17,265 students for the same period a year ago. Undergraduate enrollment at the end of the first quarter of fiscal 2008 was 15,415 students, a decrease of approximately 5.2%, compared with 16,263 students at the end of the first quarter of fiscal 2007.
16:15 RACK Rackable Systems beats by $0.13, beats on revs; guides FY08 revs below consensus (8.00 -0.21)

Reports Q4 (Dec) earnings of $0.18 per share, $0.13 better than the First Call consensus of $0.05; revenues rose 4.4% year/year to $111.7 mln vs the $106.3 mln consensus. Co issues downside guidance for FY08, sees FY08 revs of $353-388 mln vs. $406.12 mln consensus. Expects positive non-GAAP EPS for the full year 2008 Annual Non-GAAP gross margin is projected to be in the range of 17% – 20%.
16:14 MET MetLife beats by $0.17, reports revs in-line (56.37 -0.33)

Reports Q4 (Dec) earnings of $1.60 per share, excluding non-recurring items, $0.17 better than the First Call consensus of $1.43; revenues rose 7.6% year/year to $13.83 bln vs the $13.83 bln consensus.
16:14 SCSS Select Comfort misses by $0.08, misses on revs (7.15 -0.19)

Reports Q4 (Dec) earnings of $0.05 per share, $0.08 worse than the First Call consensus of $0.13; revenues fell 3.7% year/year to $190.7 mln vs the $195.1 mln consensus. SCSS anticipates 2008 net income will be lower than 2007 on flat to slightly lower year-over-year sale. The company will not provide specific earnings guidance for fiscal 2008. However, the company currently anticipates that net income will be lower than 2007 on flat to slightly lower year-over-year sales. The company plans to open 30 new stores and close 15 stores or more. The company does not anticipate incurring any significant asset impairment or lease-buyout costs associated with the store closures. Additionally, the company plans to remodel 50 stores. Results for 2008 will benefit from a fifty-third week.
16:14 ATRM Aetrium beats single estimate by $0.02 (4.90 -0.01)

Reports Q4 (Dec) earnings of $0.18 per share, ex-items, $0.02 better than the single analyst estimate of $0.16; revenues rose 84% yr/yr to $9.3 mln vs the single est of $9.2 mln consensus. Co says that while revenues were very strong in Q4, bookings for the quarter were below parity.
16:13 ULTI Ultimate Software reports EPS in-line, beats on revs; guides FY08 EPS below consensus, revs above consensus (27.57 -0.84)

Reports Q4 (Dec) earnings of $0.23 per share, in-line with the First Call consensus of $0.23; revenues rose 27.6% year/year to $42.1 mln vs the $41.7 mln consensus. Co issues mixed guidance for FY08, sees EPS of $0.65-0.66 vs. $0.68 consensus; sees FY08 revs of $189.25 vs. $183.14 mln consensus.
16:13 MET prelim $1.60 vs $1.43 First Call consensus; revs $13.83 bln vs $13.83 bln First Call consensus

16:13 WEDC White Elec Designs reports EPS in-line, beats on revs (4.30 +0.05)

Reports Q1 (Dec) earnings of $0.01 per share, in-line with the two analyst est of $0.01; revenues rose 5.9% year/year to $23.3 mln vs the $22.2 mln two analyst est.
16:13 AKAM Akamai Tech beats by $0.04, beats on revs (29.96 +0.01)

Reports Q4 (Dec) earnings of $0.41 per share, excluding non-recurring items, $0.04 better than the First Call consensus of $0.37; revenues rose 45.7% year/year to $183.2 mln vs the $174.6 mln consensus.
16:12 POWI Power Integrations beats by $0.03, beats on revs; guides Q1 revs in-line; approves $50 mln buyback (21.69 -2.04)

Reports Q4 (Dec) earnings of $0.38 per share, excluding non-recurring items, $0.03 better than the First Call consensus of $0.35; revenues rose 5.8% year/year to $52.7 mln vs the $50.2 mln consensus. Co issues in-line guidance for Q1, sees Q1 revs of $50-54 mln vs. $50.18 mln consensus; co sees gross margins similar to Q4 levels. Co’s board of directors has authorized the use of up to $50 mln for the repurchase of the co’s shares.
16:12 ATML Atmel misses by $0.01, reports revs in-line, guides Q1 in line (3.20 +0.04)

Reports Q4 (Dec) net of breakeven, $0.01 worse than the First Call consensus of $0.01; revenues rose 1.8% year/year to $425.6 mln vs the $422.7 mln consensus. Co also says consistent with first quarter business seasonality and general market trends, the co anticipates first quarter 2008 revenues will be down 3% to 7% on a sequential basis or up 1% to 5% when compared to first quarter 2007. Microcontroller products are expected to continue to grow on a sequential and year-over-year basis driven by new product introductions and market expansion. This calculates to roughly $395.8-$412.83 mln vs $411.32 consensus
16:12 LTRE prelim $0.35 vs $0.37 single estimate; revs $50.89 mln vs $50.73 mln single estimate

16:12 ATEC Alphatec acquires an exclusive worldwide license for innovative dynamic anterior cervical plate technology (5.32 +0.09)

Co announces it entered into an exclusive worldwide license agreement that provides Alphatec Spine the right to commercialize Progressive’s dynamic anterior cervical plate technologies. The financial terms of the License Agreement include an up-front license fee payment to be made by Alphatec to Progressive, testing, design, regulatory and sales milestone payments that could begin to be achieved and paid by Alphatec to Progressive in 2008 and a royalty payment based on net sales of licensed products, with minimum annual royalties beginning in 2009. The exclusive license agreement expires in 2028.
16:11 WMS WMS Industries beats by $0.02, beats on revs; guides Q3 revs above consensus; guides FY08 revs above consensus (36.00 +0.65)

Reports Q2 (Dec) earnings of $0.27 per share, $0.02 better than the First Call consensus of $0.25; revenues rose 18.3% year/year to $159.2 mln vs the $148.5 mln consensus. Co issues upside guidance for Q3, sees Q3 revs of $160-$166 mln vs. $156.37 mln consensus. Co issues upside guidance for FY08, sees FY08 revs of $620-$632 mln (vs. $613.39 mln consensus), up from previous range of $595-$615 mln. WMS updated its fiscal 2008 guidance to include new demand from California casinos that have existing capacity for near-term expansion and new racino facilities in Indiana. Based upon current indicated customer demand, WMS believes that its incremental unit volume for these properties will range from 1,000-to-1,500 units, with much of this new demand likely to occur in the March 2008 quarter. In addition, WMS updated its guidance for the average installed footprint of participation games for fiscal 2008 to a range of 8,800-to-9,000 units compared to the prior expectation of 8,400-to-8,600 units. The impact of the additional revenues is tempered by continued softness in North American replacement demand and the anticipated impact from a slower economy.
16:11 SNWL sees Q1 $0.02-0.04 vs $0.07 First Call consensus; sees revs $54-56 mln vs $53.60 mln First Call consensus

16:11 CSCO Cisco Systems reports EPS in-line, revs in-line (23.08 -0.18)

Reports Q2 (Jan) earnings of $0.38 per share, excluding non-recurring items, in-line with the First Call consensus of $0.38; revenues rose 17.0% year/year to $9.83 bln vs the $9.79 bln consensus. Q2 operating margins 24.5% vs 24.8% in Q1. Q2 product gross margins 65.0% vs 64.8% in Q1 (64.5% in Q4; 64.1% in Q3). “Cisco delivered another solid quarter with strong revenue and order growth driven by a broad base of geographies, products, services and customer markets… As we enter the second half of the fiscal year, our innovation pipeline is in excellent shape, our balanced product momentum across core and advanced technologies continues to be solid, and execution against our long-term strategy remains unwavering.”
16:11 HMN prelim $0.41 vs $0.42 First Call consensus; revs $221.6 mln

16:10 UNCA Unica reports EPS in-line, beats on revs; guides Q2 EPS in-line, revs in-line; guides FY08 EPS in-line, revs in-line (6.74 +0.46)

Reports Q1 (Dec) earnings of $0.05 per share, excluding non-recurring items, in-line with the First Call consensus of $0.05; revenues rose 19.7% year/year to $28.5 mln vs the $27.4 mln consensus. Co issues in-line guidance for Q2, sees EPS of $0.06-0.07, excluding non-recurring items, vs. $0.07 consensus; sees Q2 revs of $29-30 mln vs. $29.80 mln consensus. Co issues in-line guidance for FY08, sees EPS of $0.31-0.34, excluding non-recurring items, vs. $0.32 consensus; sees FY08 revs of $121-123 mln vs. $121.99 mln consensus.
16:10 NSIT Insight Enterpr beats by $0.01, beats on revs; guides FY08 EPS above consensus (16.61 -0.54)

Reports Q4 (Dec) earnings of $0.48 per share, $0.01 better than the First Call consensus of $0.47; revenues rose 4.7% year/year to $1.28 bln vs the $1.26 bln consensus. Co issues upside guidance for FY08, sees EPS of $1.80-1.95 vs. $1.79 consensus.
16:10 RACK sees positive non-GAAP EPS for FY08 ($0.19 First Call consensus); sees revs $353-388 mln vs $406.12 mln First Call consensus

16:10 SNWL prelim $0.06 vs $0.07 First Call consensus; revs $56.0 mln vs $54.75 mln First Call consensus

16:10 DSCM prelim $0.00 vs ($0.01) First Call consensus; revs $118.2 mln vs $122.13 mln First Call consensus

16:09 ZBRA Zebra Tech to implement global supply chain strategy, expected to begin to accrue in 2009 (30.80 -0.23) -Update-

Co announces its plan to establish regional distribution and configuration centers, consolidate its supplier base, and transfer final assembly of thermal printers to Jabil Circuit (JBL). These actions are intended to optimize Zebra’s global printer product supply chain to improve responsiveness to customer needs and increase Zebra’s flexibility to meet emerging business opportunities. The supply chain optimization plan will result in estimated total costs and charges of $24-$26 mln for severance, professional services and other associated non-recurring costs. Of these charges, the co expects to incur ~$18 mln in 2008, with the remaining amount occurring in 2009. The recovery of these costs and expected financial benefits are expected to begin to accrue in 2009.
16:09 RACK prelim $0.18, may not be comparable to $0.05 First Call consensus; revs $111.65 mln vs $106.34 mln First Call consensus

16:09 TIER Tier Technologies misses by $0.10 (7.81 -0.04)

Reports Q1 (Dec) ($0.15) per share, $0.10 worse than the First Call consensus of ($0.05); revenues rose 11.7% year/year to $29.2 mln vs the $28.9 mln consensus.
16:08 AIRT Air T announced an order for $14.7 million (11.14 +0.31)

The co announces that its wholly owned subsidiary Global Ground Support, LLC has received an order for 44 mobile deicing trucks to be supplied to the United States Air Force for a total of approximately $14.7 mln. The order is pursuant to Global’s existing multi-year contract with the Air Force and includes the actual units, shipping costs and training courses associated with the units.
16:08 TMK prelim $1.41 vs $1.40 First Call consensus

16:08 UNCA sees FY08 $0.31-0.34 vs $0.32 First Call consensus; sees revs $121-123 mln vs $121.99 mln First Call consensus

16:08 SSTI prelim ($0.23), including write-down, SBC, and impairment, vs $0.02 First Call consensus; revs $107.4 mln vs $105.15 mln First Call consensus

16:08 UNCA sees Q2 $0.06-0.07 vs $0.07 First Call consensus; sees revs $29-30 mln vs $29.80 mln First Call consensus

16:07 GLW Corning adds LCD glass capacity in Taiwan (22.86 -0.24)

Co announces that its board of directors has approved a capital expenditure plan of $453 mln to further expand its liquid crystal display glass substrate manufacturing facility in Taichung, Taiwan. This will be the fourth phase of expansion for the Taichung facility, which opened in 2006.
16:07 UNCA prelim $0.05 vs $0.05 First Call consensus; revs $28.5 mln vs $27.39 mln First Call consensus

16:07 ZUMZ Zumiez Inc reports Jan same store sales +1.7% vs +1.5% Briefing.com consensus (18.21 -0.81)

16:07 CTRN Citi Trends says total sales in the 13-week period ended Feb 2, 2008, increased 6.2% to $134.6 mln (consensus of $136.67 mln) (12.94 +0.41)

Co announces total sales in the 13-week period ended February 2, 2008, increased 6.2% to $134.6 mln (consensus $136.67 mln). Comparable store sales decreased 1.1%, comparing the 13 weeks ended February 2, 2008, to the 13 weeks ended February 3, 2007. The co stated that, although it is very early in the year-end closing process, based on the fourth quarter negative comparable store sales results, together with a related increase in clearance markdowns, the co believes it will recognize earnings per diluted share of approximately $0.42-$0.46 for Q4 (vs consensus of $0.44) and $0.83-$0.87 for the full fiscal year 2007.
16:07 EDS sees FY08 $1.35, ex items vs $1.62 First Call consensus; sees revs $22.58 bln vs $22.59 bln First Call consensus

16:07 CCI sees FY08 ($0.42-0.06) vs ($0.23) First Call consensus; sees revs $1377-1392 mln vs $1.49 bln First Call consensus

16:06 ZBRA Zebra Tech to Implement Global Supply Chain Strategy; Co expects to incur $24-26 million in charges in 2008 and 2009 (30.80 -0.23)

The co announces to establish regional distribution and configuration centers, consolidate its supplier base, and transfer final assembly of thermal printers to Jabil Circuit (JBL), a global third-party electronics manufacturer. The supply chain optimization plan will result in estimated total costs and charges of $24-$26 million for severance, professional services and other associated non-recurring costs. Of these charges, the company expects to incur approximately $18 million in 2008, with the remaining amount occurring in 2009. The recovery of these costs and expected financial benefits are expected to begin to accrue in 2009.
16:06 POWI sees Q1 revs $50-54 mln vs $50.18 mln First Call consensus

16:06 TWP Trex sees FY07 revs of $329 mln vs $344.18 mln First Call consensus, copared to guidance of $335-345 mln (8.16 -0.04)

Co announces it expects net sales for 2007 to total approx $329 mln vs $344.18 mln. This preliminary net sales level compares to the co’s most recent net sales guidance of $335 to $345 mln. As the co exited 2007, it became apparent that, due to an aesthetic enhancement made in 2007 to its best-selling deck board, Trex Accents, a significant amount of older-generation product remained in inventory at its distributor locations. Although this older-generation product is saleable at a measured rate, the co decided to take back this inventory so that its 2008 sales and marketing program could focus on a totally consistent product platform. As a result, while Trex did achieve gross sales for 2007 that were within the range of the net sales guidance it provided on November 29, 2007, net sales were adversely impacted late in the fourth quarter by $7.6 mln in distributor credits related to older-generation Trex Accents and a $500 thousand sales revenue reduction that is part of a $1.5 mln fourth-quarter increase to the product defect reserve the Company recorded in the third quarter of 2007.
16:06 CCI sees Q1 ($0.15–0.01) vs ($0.07) First Call consensus; sees revs $336-341 mln vs $362.50 mln First Call consensus

16:06 POWI prelim $0.38 vs $0.35 First Call consensus; revs $52.7 mln vs $50.15 mln First Call consensus

16:05 PRU prelim $1.75 vs $1.88 First Call consensus

16:05 EDS prelim $0.55 vs $0.57 First Call consensus; revs $5.83 bln vs $5.88 bln First Call consensus

16:05 CSCO prelim $0.38 vs $0.38 First Call consensus; revs $9.8 bln vs $9.79 bln First Call consensus

16:05 SRCL prelim $0.38 vs $0.37 First Call consensus; revs $251.6 mln vs $239.77 mln First Call consensus

16:05 ANDE prelim $1.28 vs $1.09 First Call consensus; revs $784.6 mln vs $653.75 mln First Call consensus

16:05 UTI prelim $0.24 vs $0.18 First Call consensus; revs $90.0 mln vs $85.95 mln First Call consensus

16:05 SSTI Silicon Storage announces $30 million share repurchase program (2.65 -0.05)

16:05 WEDC prelim $0.01 vs $0.01 First Call consensus; revs $23.3 mln vs $22.20 mln First Call consensus

16:05 CCI prelim ($0.30) vs ($0.10) First Call consensus; revs $337.5 mln vs $359.79 mln First Call consensus

16:04 ATML prelim $0.00 vs $0.01 First Call consensus; revs $425.6 mln vs $422.65 mln First Call consensus

16:04 ULTI sees FY08 $0.65-0.66 vs $0.68 First Call consensus; sees revs $189.25 mln vs $183.14 mln First Call consensus

16:04 DHX sees Q1 revs $39-40.5 mln vs $38.45 mln First Call consensus

16:03 FISV sees FY08 $3.33-3.47 vs $3.46 First Call consensus

16:03 KNL prelim $0.42 vs $0.37 First Call consensus; revs $281.8 mln vs $267.88 mln First Call consensus

16:03 AEO American Eagle reports January comparable store sales -7% vs -3.1% Briefing.com consensus (20.47 -0.91)

Co reports January comparable store sales -7% vs -3.1% Briefing.com consensus. Co reaffirms Q4 EPS of $0.64-0.65 vs $0.65 consensus; co sees revs of $995.4 mln vs $1.03 bln consensus.
16:03 DHX prelim $0.06 vs $0.07 First Call consensus; revs $39.5 mln vs $39.68 mln First Call consensus

16:03 ULTI prelim $0.23 vs $0.23 First Call consensus; revs $42.1 mln vs $41.65 mln First Call consensus

16:03 HUBG sees FY08 $1.50-1.62 vs $1.57 First Call consensus

16:02 FISV prelim $0.69 vs $0.71 First Call consensus; revs $1.11 bln vs $1.07 bln First Call consensus

16:02 WMS sees FY08 revs $620-632 mln vs $613.39 mln First Call consensus

16:02 EGOV NIC Inc announces retirement of Chief Executive Officer Jeff Fraser (7.10 -0.01)

Co announces the retirement of Jeff Fraser as Chief Executive Officer, effective February 4, 2008. He will continue to serve as Chairman of the Board. The Board has named Harry Herington as Chief Executive Officer, effective February 4, 2008. Herington has served as President since 2006.
16:02 HOTT Hot Topic reports January comp store sales -3.6% vs -6.7% Briefing.com consensus; reaffirms Q4 EPS of $0.25-0.29 vs $0.26 First Call consensus (4.99 -0.10)

Co also announces that it has reduced the number of store projects planned for fiscal 2008 and now expects to open ~10 Torrid stores during the year, 15 to 20 less than previously announced. In addition, co now expects to remodel or relocate 25 Hot Topic stores during the year, 5 less than previously announced. Based upon the reduced number of store projects, the co expects capital expenditures for FY08 to be $24-26 mln (previously issued guidance for FY08 capital expenditures was $28-30 mln).
16:02 AKAM prelim $0.41 vs $0.37 First Call consensus; revs $183.2 mln vs $174.61 mln First Call consensus

16:02 FNSR guides Q4 revs in-line

16:02 POWI Power Integrations acquires Potentia Semiconductor for $5.5 mln; POWI’s Q4 results will include a one-time charge of $1.4 mln (21.43 )

The co announces that it has acquired Potentia Semiconductor, a developer of innovative controller chips for high-power AC-DC power supplies. Potentia’s engineering team, based in Ottawa, Canada, will form the core of a new analog design group for Power Integrations focused primarily on high-power applications. Power Integrations paid approximately $5.5 mln in cash for Potentia, including closing costs. The acquisition closed on December 31, 2007. Power Integrations’ financial results for the fourth quarter of 2007 include a one-time charge of $1.4 million for purchased in-process research and development expenses.
16:02 SCSS anticipates 2008 net income will be lower than 2007 on flat to slightly lower year-over-year sale

16:01 HLND Hiland Partners announces increase in credit agreement by $50 mln (49.00 0.00)

16:01 NSIT sees FY08 $1.80-1.95 vs $1.79 First Call consensus

16:01 HUBG prelim $0.43 vs $0.37 First Call consensus; revs $445.46 mln vs $426.61 mln First Call consensus

16:01 WMS sees Q3 revs $160-166 mln vs $156.37 mln First Call consensus

16:01 KOOL Thermogenesis reports Q2 rev growth of $5.5 mln, a 48% y/y increase; co reported a net loss of $0.03 per share

16:01 HB prelim $0.70 vs single est of $0.66 ; revs $504.3 mln vs single est of $502.3 mln

16:01 NSIT prelim $0.48 vs $0.47 First Call consensus; revs $1.28 bln vs $1.26 bln First Call consensus

16:01 FNSR guides Q3 revs above consensus

16:01 WMS prelim $0.27 vs $0.25 First Call consensus; revs $159.2 mln vs $148.51 mln First Call consensus

16:00 SCSS prelim $0.05 vs $0.13 First Call consensus; revs $190.7 mln vs $195.08 mln First Call consensus

16:00 JJSF J&J Snack Foods announces it has authorized the purchase and retirement of 1 mln of common stock (25.54 -0.01)

16:00 EXAR Exar acquires exclusive ownership for digital power patents (7.49 -0.01)

Co announces that it had acquired exclusive rights to all of Fyrestorm’s intellectual property, including rights to 30 patents related to digital predictive algorithms. The digital predictive technology enables power conversion and power management solutions based on digital logic, rather than classic analog feedback techniques.

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