* 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.
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