EPS & Earnings ... Hits & Misses

[madrose1]

US STOCKS-Indexes decline as data adds to economy fears
Wed Sep 5, 2007 4:29PM EDT
http://www.reuters.com/article/marketsNews/idINN0526746920070905?rpc=44



By Caroline Valetkevitch

NEW YORK, Sept 5 (Reuters) - U.S. stocks fell on Wednesday after reports showed the housing slump was deepening and spreading to the job market while slowing consumer spending.

Investor concerns about the health of the U.S. consumer were exacerbated when Costco Wholesale Corp (COST.O: Quote, Profile, Research),reported sales for August that fell short of expectations and Apple Inc (AAPL.O: Quote, Profile, Research) announced big price cuts on its new iPhones in an effort to spur sales.

Retail and technology shares fell broadly, with the Nasdaq snapping a four-session winning streak.

The Dow Jones industrial average (.DJI: Quote, Profile, Research) was down 143.39 points, or 1.07 percent, at 13,305.47. The Standard & Poor's 500 Index (.SPX: Quote, Profile, Research) was down 17.13 points, or 1.15 percent, at 1,472.29. The Nasdaq Composite Index (.IXIC: Quote, Profile, Research) was down 24.29 points, or 0.92 percent, at 2,605.95.

Evidence of possible trouble for the economy came from reports showing that pending sales of previously owned homes plunged by a record 12.2 percent in July and that private employers hired the fewest workers in more than four years in August.

"Coming into the session, there was profit-taking due in part to the ongoing uncertainty with regard to the health of the credit markets. That selling accelerated after the weaker-than-expected home sales report," said Michael Malone, trading analyst with Cowen & Co. in New York.

Citigroup Inc (C.N: Quote, Profile, Research) fell 2.6 percent to $46 and was the top drag on the S&P 500 index after The Wall Street Journal said Citi and other banks could face financial exposure due to affiliated investment units that have issued short-term debt. For details, see [ID:nN05460977]

Shares of home builders declined, with the Dow Jones home construction index (.DJUSHB: Quote, Profile, Research) down 4.3 percent. Continued...

[madrose1]

Wall St Week Ahead: Stock bull riders eye home sales, earnings
Fri Jul 20, 2007 5:33PM EDT

Stock bull riders eye home sales, earnings | Video
Earnings misses, subprime woes punish Wall Street | Video
Dollar declines with stocks as subprime woes linger
More Business & Investing News... Featured Broker sponsored link
Free practice account at FOREX.comBy Cal Mankowski

NEW YORK, July 20 (Reuters) - Home sales and a report on economic growth may help investors decide if they want to keep riding a bull market in stocks, while a torrent of quarterly earnings reports will no doubt cause some anxious moments.

A sharp drop in shares of equipment-maker Caterpillar Inc. (CAT.N: Quote, Profile, Research) on Friday showed just how badly a stock can be hurt when there is an earnings shortfall. The company reported an earnings decline that was greater than expected. The stock fell 4.4 percent and spoiled the Dow's day.

Despite Caterpillar's problems, multinational corporations have been in a position to benefit from stronger economies overseas.

"One of the reasons big-cap stocks have done so well is that they have a lot of foreign exposure and that is where profit growth has been coming from," said Bob Schaeffer, portfolio manager at Becker Capital Management in Portland, Oregon. "Domestic profitability has been flagging for some time."

In the coming week, earnings are due from the likes of pharmaceutical companies Merck & Co. Inc. (MRK.N: Quote, Profile, Research), Schering-Plough Corp.(SGP.N: Quote, Profile, Research), Eli Lilly and Co.(LLY.N: Quote, Profile, Research) and Bristol-Myers Squibb (BMY.N: Quote, Profile, Research).

Others on the list include such high-profile names as Boeing Co.(BA.N: Quote, Profile, Research), Exxon Mobil Corp.(XOM.N: Quote, Profile, Research) and Ford Motor Co. (F.N: Quote, Profile, Research)

Although investors have been caught off guard by the occasional earnings disappointment from companies such as Caterpillar and Pfizer Inc. (PFE.N: Quote, Profile, Research), U.S. stock indexes have been reaching new lifetime and closing highs, with the Dow industrials closing above 14,000 for the first time on Thursday.

The Standard & Poor's 500, which earlier in the month finally surpassed its old all-time set in 2000, also ended Thursday at a new closing high.

But worries about earnings shortfalls and subprime mortgages led to Friday's sharp pullback and broke a three-week streak of gains for the three big U.S. stock indexes. The subprime problem is tied to a weak housing sector, where sales have faltered and prices have slumped. Continued...
http://www.reuters.com/article/marketsNews/idINN2034436020070720?rpc=44

[madrose1]

GOOG $550-$500 earnings climb, but miss Street targets
Earnings up 28%, but expenses rise as hiring, bonus accruals exceed budget
By Dan Gallagher, MarketWatch
Last Update: 6:34 PM ET Jul 19, 2007


SAN FRANCISCO (MarketWatch) -- Google Inc. saw earnings jump more than 28% in the second quarter, though the bottom line came in slightly beneath Wall Street's expectations for the Internet search giant.
Spending was the culprit, as the company also reported a 57% jump in revenue. During the quarter - which is seasonally the weakest for Google - the company saw an increase in expenses as a percentage of revenue across all categories. Company officers said in a conference call that Google exceeded its budget for hiring during the quarter.
The results put pressure on Google's share price, which dropped more than 7% in after-hours trading to $508 - essentially giving up the stock's gains over the last month.
Shares of Google (GOOG : google inc cl a
News , chart , profile , more
Last: 548.59-0.91-0.17%

6:24pm 07/19/2007

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GOOG548.59, -0.91, -0.2%) hit an all-time high of $558.58 on Monday.
After Thursday's closing bell, the Mountain View, Calif.-based company posted earnings of $925.1 million, or $2.93 per share, compared with earnings of $721.1 million, or $2.33 per share, for the same period last year.
Excluding the impact of stock options and other charges, the company said earnings for the quarter would have come in at $1.12 billion, or $3.56 per share.
Wall Street had been expecting the company to post earnings of $3.59 per share, according to consensus estimates from Thomson First Call.
Revenue surged to $3.87 billion from $2.46 billion last year. The company said it paid $1.15 billion in traffic acquisition costs for the quarter, leaving it with a net revenue figure of $2.72 billion. That beat the $2.68 billion expected by analysts.
The company said cash and equivalents grew to $4.5 billion at the end of the quarter from $3.5 billion at the end of December.
Rising costs
Expenses grew in every category. Research and development expenses totaled 13% of revenue for the quarter compared with 11.5% last year. General and administrative expenses grew to 8.2% of revenue compared with 7% last year.
In the conference call, CEO Eric Schmidt admitted that one area the company exceeded its expense plan was in hiring, which added more than 1,500 workers to the payroll during the quarter.
"We are very pleased with the talent that we've brought on board, but going forward we will watch this area very closely," he said.
The company also adjusted its accounting for its employee bonus plan. CFO George Reyes said the change "will allow us to more proportionately recognize the related expenses each quarter" but led to a higher bonus accrual in the second quarter.
Still, the company was able to expand its margins as well. Operating income in the period was 33% of sales compares with 28.5% last year.
Overreaction?
For a company accustomed to blowing away Wall Street's estimates, missing the earnings target got the attention of investors, who pushed Google shares to their lowest point in more than a month in after-hours trading following the announcement.
Analysts seem less worried. Stu Barry of ThinkEquity, who rates the stock as a buy with a $700 price target on the shares, said the higher expenses with increased bonuses and hiring do not reflect the company's fundamental business opportunity.
"I don't think there's anything here to make anyone worry about the fundamentals," he said in an interview. "I think expectations were that they would outperform on both the top and bottom line, and they didn't deliver."
In a brief note to clients, Mark Mahaney of Citigroup said the results were "incrementally less positive" but added that the company "continues to exhibit the strongest fundamentals in the sector, with a reasonable valuation."
Mahaney has a buy rating and $600 price target on the stock.
The company has continued to use its dominant position in the online search market to reap increasing amounts of related advertising revenue at the expense of chief rival Yahoo.
According to data last week from Compete Inc., Google maintained its large lead in the online search market from May to June, gaining 0.3% to a 62.7% share. That compares to a 19.6% share for second-place Yahoo (YHOO : Yahoo! Inc
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Last: 26.03-0.17-0.65%

[madrose1]

FSLR ($119) receives Five New Contracts Valued at About $1.28 Billion

PHOENIX (AP) -- First Solar Inc. said Monday it received five new long-term contracts valued at approximately $1.28 billion.
Under terms of the deals, the solar electric power module maker will be responsible for the manufacture and sale of 685 megawatts of solar modules between 2007 and 2012.


Two of the contracts are with renewable energy producers EDF Energies Nouvelles and Sechilienne-Sidec. First Solar also entered an agreement with solar-generated electricity provider SunEdison LLC to place modules in Ontario, Canada.

Other new pacts include a deal with RIO Energie GmbH & Co. KG and a joint venture between Stadtwerke Mainz AG and Juwi Group. The joint venture will concentrate on developing solar power plants in the utility service region of Stadtwerke Mainz and its subsidiaries through 2012.

First Solar also said it will raise volumes under an existing deal with Juwi Group and create another Malaysian manufacturing plant. The plant is expected to have a minimum annual production of 120 megawatts, with capacity anticipated coming online by the first half of 2009.

Shares of First Solar added $7.59, or 7.9 percent, to $103.88 in premarket trading. The stock closed at $96.29 on Friday.

Questions or comments about this story should be directed to the Financial News desk of The Associated Press at 212-621-7190.

[madrose1]

Best Buy Reporting Tuesday June 19 Before Market Opens
Best Buy (BBY) is expected to post solid Q1 revenue results and adequate Q1 EPS results. Analysts will focus on BBY's same store sales, overall traffic, new stores opened, international performance, higher-margin product performance, overall product mix, labor/benefits costs and retention rates, sector position and margins. Wall Street will also evaluate the performance of BBY’s store-within-a-store initiative, as well as its projections for higher-margin product sales, in general, and television / camcorder sales, in specific, two keys to revenue growth, moving forward. The Reuters Q1 consensus estimate for BBY is EPS 50c and revenue $7.86B.

[madrose1]

Blue Nile's shares no longer shining-Barron's Online
From the "Weekday Trader" section: Blue Nile's (NILE) share are no longer shining. At $58, NILE's shares have more than doubled since hitting a two-year low last summer. The price leaves little room for performance error. Brian Bolan, analyst with Jackson Securities, which downgrade NILE to Sell last month, says you have to be disciplined and lock-in profits with NILE, and this a time to lock-in some profits

[madrose1]

JOSB reports May SSS up 13.5% vs. consensus of up 5%
The company reported May sales up 23.4% to $45.3M.

[madrose1]

BBBY provides Q1 guidance
BBBY sees Q1 EPS of 36c-38c versus consensus of 39c. Sees Q1 same store sales up 1.6%


BBBY Bearishness on Bed Bath: Beyond a profit warning - WSJ (38.27 )

The Wall Street Journal reports even though shares of Bed Bath & Beyond (BBBY) now are more reasonably priced and might even attract attention from leveraged-buyout specialists after its first-ever profit warning, some say investors should remain on the sidelines, amid a housing slump and worries about the health of the consumer. Just as important, Bed Bath's stores are aging and some longtime fans have been turned off by recent moves, suggesting that Bed Bath may have its work cut out. "The valuation isn't compelling ... its growth has slowed, its margins contracted during the last five quarters, and now [sales increases at Bed Bath stores open at least a year] are slipping," says Colin McGranahan, an analyst with Sanford C. Bernstein & Co., who has the equivalent of a "hold" rating on the stock. "As a much more mature company, they are more subject to cyclicality, and that isn't a great story unless the stock is cheaper than it is," he says. There are indications that Bed Bath's historically juicy profit margins -- 14% in 2006 -- may be challenged by competitors, such as closely held Linens 'n Things, which has been cutting prices amid its own sales decline. Another reason for bearishness: The co's stores are getting older and are about at the point where money is needed to update them, argues Stephen Long, a portfolio manager at Hanover Square Capital, which has been betting against Bed Bath in recent months. "Growth is falling; that suggests to us that the core concept is very mature," Mr. Long says. "The stock will drift down to $33 as growth investors" bail out of the stock and are replaced by value-oriented investors.

[madrose1]

Sales Pressures Could Take The Fizz Out of Jones Soda
http://online.wsj.com/article/SB118082982847822832.html?mod=yahoo_hs&ru=yahoo

return to reality :

[madrose1]

Rackable: No Comment On Stock Rise
Posted by Eric Savitz
Rackable Systems (RACK) has no comment on the recent jump in the price of its stock, according to the company’s PR firm.

As I noted earlier, there recently have been rumors that Dell (DELL) might be interested in acquiring the company. The site smallcapinvestor.com reports that “shares are trading up after online options tracking services reported increased call option activity that may be an indicator of an acquisition offer coming or of further shareholder-friendly developments,” and that Rackable was also mentioned on CNBC Tuesday morning as a potential takeover candidate.

Rackable today jumped $1 to $13.69, after gaining 53 cents yesterday; the shares have backed off 19 cents in after hours trading.

Rackable Systems (RACK) shares are up 89 cents today, or 7%, to $13.58, after jumping 53 cents yesterday on surging volume. Why is not exactly clear. The only news is that the company’s COO, Gautham Sastri, switched jobs and becomes EVP of its RapidScale division. I don’t think that would quite explain a two-day 12% rally.

The stock trades like Rackable is in play; there have been recent rumors that Dell (DELL) might be interesting in buying them.

If you have another theory, please pass it along.

[madrose1]

Sepracor to shine-BusinessWeek
From the "Inside Wall Street" section: Sentiment is divided on Wall Street regarding Sepracor (SEPR), best known for its sleep drug, Lunesta. BMO Capital Market's Robert Hazlett says the gloom and doom is overdone regarding SEPR, he thinks the stock will hit $68 in 12-18 months, and argues that the company is going to be more profitable than analysts estimate.

[madrose1]

UNFI organic-food value play-Barron's Online
From the "Weekday Trader" section: United Natural Foods (UNFI), a Whole Foods Market (WFMI) distributor, may be worth a critical review. Despite a stock pull-back and a bumpy Q3, growth catalysts for United Natural include continuing strength in its sales, an improved distribution network, and growing demand for organic foods. Furtehr, Michael Warshawsky, managing director at Barrett Associates, argues that as more conventional grocers carry organic products and as organic grocers expand, UNFI will probably be the only company to service them. :theflyonthewall

[madrose1]

* DELL $28.50 (+5%) beats on top, bottom line, comments on Q2 outlook, ongoing investigation (26.91 +0.69) : Reports Q1 (Apr) earnings of $0.34 per share $0.08 better than the Reuters Estimates consensus of $0.26; revenues rose 2.7% year/year to $14.6 bln vs the $13.93 bln consensus. Briefing.com Note: $0.34 EPS actual includes $0.02 in costs associated with ongoing investigation, so upside EPS surprise may be greater. Co comments on outlook, "DELL operating margins will be under pressure sequentially in Q2. In the second quarter, operating margins will be under pressure sequentially as the company enters the seasonally slower quarter with elevated operating expenses and additional costs related to the ongoing investigations. In addition, results for the year could be affected by additional transformational actions, changing competitive dynamics, a more aggressive pricing environment and higher component costs in the second half of the year". Chairman of the Audit Committee comments on investigation, "We are continuing to move toward the conclusion of our investigation. We are working closely with management and our independent auditors to assess the accounting errors and control deficiencies that have been identified, and have met and will be meeting further, with the SEC to provide updates on the status of the investigation. Although this process has taken us longer than we would have liked, it is important to commit the time and resources required to ensure a thorough and comprehensive review and resolution of all identified issues and the implementation of appropriate remedial measures."

[madrose1]

SOLF $13-9-$10 misses by $0.08 (12.42 ) : Reports Q1 (Mar) loss of $0.01 per ADS, $0.08 worse than the single estimate of $0.07; revenues rose 85.7% year/year to $24.7 mln vs the $32 mln single estimate. "Our capacity expansion plans remain on track and we believe we are favorably positioned in terms of silicon supply for the remainder of the year. Additionally, in the past month, all of our current module products were approved by the California Energy Commission to be eligible for the state's solar rebate program. With this, and new incentives set to be unveiled in Spain, we believe we are well positioned for the strong growth that we foresee in the market towards the end of the year."

[madrose1]

Earnings Preview for the week of May 28th- June 1st: : Companies reporting earnings the week of May 28th- June 1st include: Monday: Closed... Tuesday: CMCO, HNZ, ITRN, SHMR, STP, ALKS, APSG, BCSI, BMC, BGP, CWTR, DCI, PVH, and PAY... Wednesday: DAKT, DLTR, DBRN, JOYG, OPSW, RL, SFL, SOLF, WSM, CHS, JRJC, JAS, LGF, NOVL, OPTM, PSS, SMTC, and TIVO... Thursday: BIG, BTH, BIEN, CONN, COST, FRED, GCO, JTX, LAYN, MOV, TIF, NX, BRCD, DELL, ESL, HEI, HOV, JCG, NCS, PLL, and WIND... Friday: KIRK

[madrose1]

JOYG reports Q2 revs light, comments out outlook (50.81 ) : Reports Q2 (Apr) earnings of $0.70 per share, includes amortization charges, may not be comparable to the Reuters Estimates consensus of $0.72; revenues rose 12.3% year/year to $629 mln vs the $657 mln consensus. JOYG sees EPS in next 12 mos of $3.25-3.50, sees revs over next 12 mos of $2.8-3.0 bln. CEO comments out outlook, "Our forward guidance this quarter reflects the strong outlook for our markets, which will impact our order rates. However, as we look more to the international markets and get involved in larger greenfield projects, we expect that our order rate will continue to be lumpy. Despite the strong outlook, we will have challenges converting these orders into revenues over the next twelve months. Although the U.S. coal market is nearer recovery, I expect our customers to move cautiously, which will delay the response from our Joy Mining underground business. We are unlikely to see any coal production increases before the summer cooling months".

Joy Global-JOYG 2Q07 EPS ahead of estimate and below Street-reit OP@BMOC
The firm believes fundamentals for capital spending in the company's primary end-markets continue to be robust, with its strength continuing for the next few years while the softness of the U.S. coal is a short-lived event. The firm increased their 2008 EPS estimate and to reflect a more upbeat overall outlook, raised their target price to $65 from $55

[madrose1]

* LAYN $39 ~$45 beats by $0.18 Reports Q1 (Apr) earnings of $0.52 per share, $0.18 better than the Reuters Estimates consensus of $0.34; revenues rose 28.6% year/year to $201.6 mln vs the $188.3 mln consensus.

Oppenheimer notes that LAYN reported results well ahead of their expectations, fueled by out-performance in all three business lines. Despite this showing, mgnt offered a tempered outlook for the balance of the year, citing the need for all its businesses to contribute at high levels, as YoY comps get very tough throughout the year. Firm also beleives shares are fairly valued.

[madrose1]

* MW $45-$48 (dtop) prelim GAAP $0.75, may not be comparable to $0.64 Reuters consensus; revs $496.1 mln vs $463.98 mln Reuters consensus

[madrose1]

* SNDA $30 touch ... beats by $0.06; beats on revs (28.64 +0.802)

Reports Q1 (Mar) earnings of $0.36 per ADS, excluding non-recurring items, $0.06 better than the Reuters Estimates consensus of $0.30; revenues rose 13.2% year/year to $68.8 mln vs the $65.4 mln consensus.

[madrose1]

ADI $40-$38 Analog Devices reports Q2 revs above consensus. guides Q3 EPS, revs below consensus (40.42 +0.28)

Reports Q2 (Apr) earnings of $0.36 per share, excluding restructuring and acquisition charges totalling $0.027 as well as a gain from a litigation settlement of $0.036, but including option expense of $0.037, $0.01 worse than the Reuters Estimates consensus of $0.37, $0.01 better than $0.35 First Call consensus; revenues rose 3.9% year/year to $669.1 mln vs the $658.9 mln consensus. Co issues downside guidance for Q3, sees EPS of $0.34-0.38, excluding acquisition charges totalling $0.006 but including option expense of $0.038, vs. $0.40 consensus; sees Q3 revs of $665-685 mln vs. $683.49 mln consensus.

[madrose1]

Weekly Gainers & Losers List

Stocks over $5 posting the largest percentage loss over the last five sessions include: HRT -37%, GPIC -37%, KRSL -36%, STEC -31%, INSP-27%, TSTC -26%, AVZA -20%, TMRK -20%, SOLF -19%, SORC -19%, VGZ -18%, CNTF -18%, XFML -17%, CTIC -17%, OPXT -17%, CNST -17%, GRZ -17%, MPEL -16%, SNIC -15%, NRMX -15%, OPMR -14%, MGPI -14%, JASO -14%

15:43 Weekly Gainers List

Stocks over $5 posting the largest percentage gain over the last five sessions include: AQNT +84%, OMR +85%, UVE +57%, WINN +55%, TECUA +54%, VAS +38%, NM +28%, CLRK +26%, MPWR +26%, GERN +26%, TONE +26%, ADS +24%, JRCC +22%, DSPG +22%, ATEA +22%, GRB +21%, GPOR +21%, NXST +20%, CVTX +20%, TBSI +20%, HSOA +18%, PCS +18%, MEK +18%

[madrose1]

Earnings Preview for the week of May 21st-25th

Companies reporting earnings the week of May 21st-25th include:

Monday: CPB, LOW, RTLX, SKS, TSL, ASEI, APOL, HMIN, KONG, NTES, PSUN, PERY, NCTY, and WSTL...

Tuesday: AZP, BJ, CBRL, PLCE, GMTN, GIGM, MNRO, SPLS, TECD, TNP, UNFI, ZLC, ADI, BRS, CSC, EXM, MDT, MW, PHHM, PBY, and SNDA...

Wednesday: DKS, EV, GME, POSS, ROST, TLB, TGT, TWB, WTSLA, ANF, ANST, CTS, FL, GYMB, HOTT, LTD, NTAP, PLMD, PSSI, QTM, SNPS, OVEN, ZL, and ZUMZ...

Thursday: AMSC, ANN, BKS, BBA, BWS, CAMT, CMRG, CTR, CHRS, DEBS, FLOW, HRL, KEYS, LTON, MM, MYL, PDCO, SAFM, SCVL, SSI, SMRT, TOL, TTC, ARO, CTRN, CPWM, DITC, GPS, HIBB, HRAY, MENT, NDSN, RRGB, LNUX, VRGY...

Friday: AGYS

[madrose1]

* FMCN $39 $42-? Focus Media beats by $0.02, guides Q2 revs above consensus (39.84 +0.50)

Reports Q1 (Mar) earnings of $0.21 per share, excluding non-recurring items, $0.02 better than the Reuters Estimates consensus of $0.19; revenues rose 75.3% year/year to $58.1 mln vs the $55.4 mln consensus. Co issues upside guidance for Q2, sees EPS of $0.34-0.35, ex-items vs. $0.34 consensus; sees Q2 revs of $103-107 mln vs. $90.3 mln consensus.

[madrose1]

* INTU $27-$30-? Q3 (Apr) earnings of $1.13 per share, $0.06 better than the Reuters Estimates consensus of $1.07; revenues rose 21.2% year/year to $1.15 bln vs the $1.12 bln consensus. Co issues upside guidance for FY07, sees EPS of $1.38-1.40 vs. $1.35 consensus; sees FY07 revs of $2.685-2.7 bln vs. $2.66 bln consensus. Co also announced today a new stock repurchase program for up to $800 million over the next three years.

[madrose1]

CTRP (dtop $75) reports Q1 EPS of 32c vs consensus of 27c
Reports Q1 revenue of $30.0M versus consensus of $29.4M. For Q2 2007, Ctrip expects to continue strong year-over-year net revenue growth of approximately 35%. :

>

[madrose1]

AMAT 19-20.20- 19 beats by $0.06 of $0.34 per share, excluding charges and including stock based compensation expense, $0.06 better than the Reuters Estimates consensus of $0.28; revenues rose 12.5% year/year to $2.53 bln vs the $2.35 bln consensus. Co reports Q2 Gross Margin of 44.9%.

sees Q3 revs flat -2% to +2% sequentially; roughly $2.48-2.58 bln vs $2.43 bln Reuters consensus, $2.44 bln First Call consensus (19.78 -0.64) -Update :

[madrose1]

CPWR $10-$12.50-10.75 prelim $0.21 vs $0.17 Reuters consensus; revs flat $313.0 mln vs $313.02 mln Reuters consensus

[madrose1]

DE $120-123.40-118 prelim $2.72 vs $2.41 Reuters consensus; revs $6.27 bln vs $6.27 bln Reuters consensus, $6.46 bln First Call

[madrose1]

JASO $25-29-25 beats by $0.03; reaffirms FY07 guidance (27.89 ) : Reports Q1 (Mar) earnings of $0.20 per share, $0.03 better than the Reuters Estimates consensus of $0.17. Co reaffirms guidance for FY07, sees FY07 revs of $280-290 mln vs. $290.12 mln consensus. Based on current market conditions and customer forecasts, the Company is reiterating its production outlook for 2007 to be approximately 100MW.

JASO Solar Conf Call Summary (25.61 -2.28) -Update : Co. saying that they don't want to overpromise so they are keeping FY guidance the same(implied that they are being conservative). Co. very reluctant to give any kind of outlook for Q2. Contracts still cover 80% of FY07 guidance. Saying German demand is strengthening again. Think ASPs will be down 3-5% for the year compared to the 5-7% numbers given by many of their competitors. Co. noting inventory growth brought it to adequate levels as they see demand growing in Q2. When asked about actual price declines that were greater than the 5% expected, Co. responded that they thought that prices were at unsupportable levels and have come down to a place where they expect them to be stable going forward.

JA Solar: Positive report; guidance likely conservative - AmTech (26.15 -1.74) -Update : AmTech notes that JASO reported March qtr revs better than consensus expectations at $43.4 mln, as well as better than expected EPS of $0.20. They also note the co also reiterated its FY07 guidance of 100MW produced, $280-$290 mln in rev, and a gross margin of ~19.5%. Given the inventory build over the last 2 qtr to support higher rev levels, as well as initial shipments being made into SPWR/PowerLight beginning this yr, they believe revenue guidance is likely conservative.


>

[madrose1]

KALU 89-77-79 reports Q1 EPS of $0.85 vs $1.06 dual estimate consensus; revs $392 mln vs $374.60 mln single estimate (87.95 ) :

[madrose1]

FRPT ($28-$24-?)reports 4c ...

http://sec.gov/Archives/edgar/data/1032863/000110465907040163/a07-11125_110q.htm

[madrose1]

ERS Empire Resources reports Q1 EPS of $0.24 vs $0.24 in 1Q06; revs rose 40% YoY to $139.8 mln - no estimates (9.52 -0.35)

[madrose1]

PLAB Photronics missed by $0.03, ex-gain; missed on revs (15.41 +0.15)

Reports Q2 (Apr) earnings of $0.14 per share, excluding $0.14 gain, $0.03 worse than the Reuters Estimates consensus of $0.17; revenues fell 8.3% year/year to $109.6 mln vs the $113.1 mln consensus.

[madrose1]

CPWR $10-$11-? (dtop) prelim $0.21 vs $0.17 Reuters consensus;
reports Q4 revenue $313M vs. consensus of $313.02M. The company also announced that the Board of Directors has authorized management to extend the company's 10b5-1 share repurchase plan for three months to purchase up to 16M additional shares of common stock.

[iconoclassic]

Okay...and I probably will post a few from time to time...thanks:)

[madrose1]

those r the winners more or less susan , though IFCI wasa a little premature...

usually i wait a day (or 3) before posting results <G

if you see any i miss ,
please feel free to post or remind

[iconoclassic]

Quick question, mars...when you post the results...what is the significance of the asterisk on some of them?

[madrose1]

Upcoming Earnings for next 2 weeks (all)....

(looks like they've fairly anticipated DE tomorrow am )

[madrose1]

AMGN $53.56 target and Aranesp estimates lowered on CMS changes-MP@FBRC
Friedman Billings lowered their US Aranesp sales estimates for 2007-2012 and their target to $52 from $55. They now see 2007 Aranesp sales of $2.14B, down from $2.34B and EPS of $4.22, down from $4.28. :theflyonthewall

[madrose1]

* ICFI 23-26 Q1 EPS of $0.60 vs $0.45 Reuters consensus; revs rose 33% YoY to $151.7 mln vs $129.34 mln Reuters consensus. ICFI sees Q2 revs $135-145 mln vs $130.36 mln Reuters consensus, sees FY07 revs $530-550 mln vs $509.33 mln Reuters consensus. "ICFI continues to benefit from favorable business conditions, resulting from our extensive domain expertise in key markets and our ability to provide clients with complete project solutions. We anticipate 2007 to be a year of solid growth for the Company, characterized by accelerated execution of The Road Home program and increased business development activity focused on both traditional contracts and larger, longer-term awards."

[madrose1]

CNTF prelim ($0.08) may not be comparable to ($0.02) Reuters consensus; revs $27.3 mln vs $28.93 mln Reuters consensus

[madrose1]

SINA beats by $0.01; guides Q2 revs above consensus (36.17 +0.57)

Reports Q1 (Mar) earnings of $0.19 per share, excluding non-recurring items, $0.01 better than the Reuters Estimates consensus of $0.18; revenues rose 9.9% year/year to $51.3 mln vs the $49.7 mln consensus. Co issues upside guidance for Q2, sees Q2 revs of $58-60 mln vs. $57.29 mln consensus.

[madrose1]

Agilent-A $37 reports Q2 EPS of 43c vs. consensus of 38c
Reports Q2 revenue of $1.40B vs. consensus of $1.326B :


or

A Agilent missed by $0.05 (35.87 -0.34)

Reports Q2 (Apr) earnings of $0.33 per share, excluding non-recurring items, and incl $0.10 in option expense, $0.05 worse than the Reuters Estimates consensus of $0.38; revenues rose 6.5% year/year to $1.32 bln vs the $1.33 bln consensus.

[madrose1]

SOLF JASO er's this week.... SINA SNDA CHINA FMCN (17th) ....HPQ & MRVL

[madrose1]

Study shows iTunes-comparable sites could peak this year-Reuters
According to a study released today by Forrester Research, online video sites like Apple's iTunes, sites that sell shows and movies, could peak this year. Forrester said that while sales of movies and TV shows are expected to almost triple to $279M in 2007, as more programming is made available on free outlets supported by advertising, growth in sales could slow next year. Analyst James McQuivey puts it simply, calling the paid download video market a "dead end": "Free is going to win."

[madrose1]

* DRIV $57-60-57 beats by a penny; issues mixed Q2 guidance, reaffirms for FY07 (57.14 +0.67) : Reports Q1 (Mar) earnings of $0.54 per share, excluding non-recurring items, $0.01 better than the Reuters Estimates consensus of $0.53; revenues rose 17.4% year/year to $91.6 mln vs the $88.4 mln consensus. Co issues mixed guidance for Q2, sees EPS of $0.46 vs. $0.47 consensus; sees Q2 revs of $85 mln vs. $85.74 mln consensus. Co reaffirms FY07 guidance, sees EPS of $2.14 vs. $2.17 consensus; sees FY07 revs of $380 mln vs. $382.16 mln consensus.

[madrose1]

MDR FWLT CBI FLR GLBL Sizing Up 'Infrastructure' Stocks: Which Provides the Best Industry Exposure?

http://biz.yahoo.com/seekingalpha/070511/35275_id.html?.v=1


James Cullen submits: For any of you who watch Mad Money - a habit I seem to have picked up in the last week - you will know that Jim Cramer has been quite high on so-called “infrastructure” stocks like Chicago Bridge and Iron (NYSE: CBI - News), Fluor (NYSE: FLR - News), Foster Wheeler (NasdaqGS: FWLT), and McDermott (NYSE: MDR - News). These companies all are responsible for the heavy construction projects that are required to harvest and process natural resources, and have seen exceptional demand, particularly from emerging markets in Asia and the Middle East. Having followed CBI for nearly two years, I can remember when it was racked with an insider scandal and fell to the low $20s, where it seemed like a great buy. Now at $39, I have to wonder whether or not CBI is pushing the upper limits of fair valuation, and whether it would be better to get exposure to this industry through FLR, FWLT, or MDR… or the stock that I think has been really overlooked here - Global Industries (NasdaqGS: GLBL).
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To determine the relative power rankings of these five stocks, I scaled the same methodology I use to generate my quantitative rankings and then did a quick and simple cash flow valuation. The results…

1. Global Industries. A selection on the current top 25 stocks list, Global is the most concentrated play in the group as the company focuses almost exclusively on offshore oil and natural gas construction. GLBL trades for just 6x EV/EBITDA and 12x EV/Free Cash Flow, and with returns on capital in excess of 30%, I believe this is the best play in the industry. Like most companies, shares are near a 52-week high at $22, but I value shares of GLBL at over $30, or more than 35% upside from the most recent close.



2. Chicago Bridge and Iron is the more diversified play in the industrial construction area, with experience in power, water, and chemical infrastructure in addition to the oil-and-gas complex. CBI has done an excellent job managing working capital and leveraging its global expertise to drive excellent returns on capital as well as generating large amounts of free cash flow. It trades at relatively low valuation multiples at 12.3x EBITDA, but has a wide gap over its competitors on ROIC metrics. I think CBI shares could realistically see $50, meaning there still might be more than 20% upside from the most recent close.



3. FLR doesn’t have the same attractive valuation that GLBL or CBI does, but at 15.5x EBITDA and for 24x FCF, the company is a solid also-ran in this contest. Although a solid all-around play, I see FLR shares as being fairly valued here with slight upside - target is $110.



4. McDermott is similar to FLR in many respects and appears cheaper at 13.8x EBITDA, but I think the shares have overextended beyond fair value. MDR has some of the better returns on capital in the group, but its lack of any sizable free cash flow is a negative.



5. Foster Wheeler, at 19x EBITDA and 22x Operating Cash Flow and with the lowest returns on capital of the group, comes in last. With several superior players, I see no reason to own FWLT at current price levels above $75, when I believe fair value is closer to $65. Since the shares offer no margin of safety, I’ll be staying away from this one.



I think the two best stocks to play the infrastructure buildout are GLBL for those looking for a pure play on energy, or CBI for those looking for a more diversified company. Unlike the other competitors, both companies are efficient and profitable, and generate plenty of cash to supplement their already-strong balance sheets. With the valuation and quantitative metrics in-line here, I see significant further gains to be had in these two stocks.












http://biz.yahoo.com/seekingalpha/070511/35275_id.html?.v=1

[madrose1]

Weekly Gainers & Losers List :

Stocks over $5 posting the largest percentage gain over the last five sessions include:

SIF +74%, VSR +42.8%, FWLTZ +37.7%, ENG +37.7%, TRT +34.4%, ICOP +31.6% AL +30.3%, OCAS +29.3%, VII +28.7%, RCKY +25.5%, JRCC +24.6%, ABIX +23.2%, TRU +22.2&, LXU +22.0%, OMPI +21.8%, TNH +21.8%, AMRI +20.9%, PAL +20.5%, HDNG +19.5%, FTK +19.5%, CRY +19.4%, APFC +19.3%, AIRM +19.1%, MDR +19%, PPS +18.8% ZNH +18.8% MCF +18.7%, ASY +18.3%, FRPT +18.2% XNR +17.4%, HSOA +17.4%, LIOX +17.4%, GBX +17.1%. USU +17.1%, TIE +17.%, SHI +16.9%, IPAR +16.9%, EXM +16.7%, KMA +16.7%, DRYS +16.3%, SLP +16%, ATX +15.9%, NGA +15.6%, PCR +15.5%, GOAM +15.4%, MRGE +15.2%, MVSN +15.2%, HAYN +15.2%, B +15.1%

Losers

FFHL -21.%, AVZA -18%, BRLC -16%, INT -14%, ADG -13%, ACTS -10%, VGZ -8%, GLBC -7%, CRYP -7%, IIG -7%, LCRD -6%, EBS -5%, CLAY -4%, JST -4%, HRT -4%, CLWR -4%, FTGX -4% NYNY -3%, JAV -3%, CAPA -2% .

[madrose1]

more notable companies reporting earnings for the week of May 14th include:

Monday 5/14: A, AUY, VAL and USHS.

Tuesday 5/15: AMAT, TJX, WMT, CPWR, HD and WINN.

Wednesday 5/16: MT, DE, FD, HPQ, NAPS, CRM and SNE.

Thursday 5/17: ADSK, INTU, JCP, KOHL and JWN.

Friday 5/18: BAB.

[madrose1]

After Hours Summary: DESC down 23.9% on earnings

Companies moving in after hours trading in reaction to earnings:

Trading Up: UEPS +17.5%; SYNM +12.1%; ABTL +10.8%; JOBS +9.9%; NGPS +6.6%; AMPX +6.2%; NVDA +5.1%; TMY +4.8%; SBNY +4.5%; NFI +2.9%; GMET +2.2%; ASYT +1.8%; LCRD +1.8%; COSI +1.6%; BDY +1.4%; CPLA +1.4%; NLST +1.4%; SRVY +1.2%; COGO +1.1%; SPPR +1.1%; STSI +1.0%; CHCI +1.0%...

Trading Down: DESC -23.9%; MAMA -14.6%; BRLC -13.9%; BSQR -12.5%; TMTA -11.1%; INT -10.9%; MED -10.0%; THQI -6.3%; IMH -5.6%; NGAS -4.0%; PRXI 3.9%; AXCA -3.5%; KOG -3.4%; ACTS -3.0%; CEGE -2.7%; CPKI -1.7%; WRSP -1.6%; KNTA -1.5%; TDSC -1.3%; XOMA -1.3%; FACT -1.2%; CNR -1.2%... Companies moving in reaction to news:

Trading Up: PGIC +12.2% (to reschedule Q1 2007 reporting and conference call); TOA +4.5% (double size with acquisition of Dallas/Fort worth division of Newmark Homes); LJPC +4.5% (names Niv Caviar chief business and financial officer); PRST +3.1% (appoints former Kodak executive Jeffrey Jacobson as President and CEO); DYN +1.3% (announces offering of at least $1.1 bln of senior unsecured notes)...

Trading Down: BRLC -13.9% (announces plans to offer $150 mln and certain of its stockholders plan to offer approx $22 mln common stock); FL -10.4% (sees Q1 EPS of $0.10-0.11 vs $0.36 Reuters consensus); MATH -2.1% (announces a $25 mln common stock offering pursuant to an effective shelf regist); DWRI -1.4% (satisfies Nasdaq requirements or continued listing; files form 10-k).