Tuesday, May 08, 2007 5:09:29 PM
* NILE $48-$56-55 1Q07 beats ests, raises Y07 guidance - RBC (47.35 ) : RBC notes that NILE's 1Q07 results beat Street ests and guidance as it continued to see the benefits of the strategic price reductions from 1Q06 along with what firm believes to be an acceleration of its non-engagement category. Guidance for 2Q07 was better-than-expected on rev while typically conservative on EPS, and FY07 guidance was raised on flowthru of 1Q07 upside. Firm remains positive on NILE shares as they note that it continues to repurchase shares, shrink its float, and expand FCF. They have raised their tgt from $44 to $58.
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