Earning Plays

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Monday, June 22

Clean Energy Fuels to issue $54 mln in stock(7:00 am ET)
NEW YORK (MarketWatch) -- Clean Energy Fuels Inc. (CLNE: news, chart, profile) on Monday filed a common stock offering of six million shares. Based on its closing price on Friday, the offering will raise $54 million.

Marvell lifts estimate of 2nd-quarter revenue(3:19 am ET)
TEL AVIV (MarketWatch) -- Marvell Technology Group Ltd., (MRVL: news, chart, profile) the Santa Clara, Calif., provider of communications-infrastructure solutions, on Monday increased its estimate of fiscal 2010 second-quarter revenue. The company now expects revenue to total $600 million to $630 million, up 15% to 21% sequentially from the $521 million reported for the first quarter. Marvell's previous second-quarter estimate was a range of $540 million to $580 million. A survey of analysts by FactSet Research produced a consensus estimate for the second quarter of $562.6 million. The company based the increased estimate on a stronger order rate, which "generally signals some strengthening in our customers' expectations for their businesses," Marvell's chairman, president and chief executive, Sehat Sutardja, said in a statement. At the same time, the executive urged caution about "the demand environment for the next few quarters" in light of the industry's experience in the past nine months.
Sunday, June 21

Yue Yuen net income climbs 4% in first half(10:36 pm ET)
HONG KONG (MarketWatch) -- Sneaker maker Yue Yuen Industrial Ltd. (HK:551: news, chart, profile) said in a weekend announcement that its net income in the first half climbed 4% from a year earlier. The company, which manufactures footwear on a contract basis for leading athletic brands such as Nike and Adidas, said net income for the six months ending March 31 totaled $217.7 million, compared to $209.3 million a year earlier, while revenue totaled $2.55 billion, a 9.7% rise on year. Citigroup recommend investors buy the company's shares, adding that business conditions are likely to continue to improve in 2010. Citi set a target price of 22.50 Hong Kong dollars ($2.90). Yue Yuen's shares, which were dropped from the benchmark Hang Seng Index earlier this year, were up 1.5% at 17.50 Hong Kong dollars in trading Monday.
Friday, June 19

Wyndham sticks to second-quarter target(9:12 am ET)
CHICAGO (MarketWatch) -- In the midst of the global travel slowdown, Wyndham Worldwide (WYN: news, chart, profile) said Friday that it is sticking to its second-quarter profit targets. Before the start of trading, the hotel operator said that it still expects to earn 36 cents to 41 cents a share for the period on an adjusted basis with earnings before interest, taxes, deprecation and amortization coming in at $760 million to $810 million for the full year. Shares of Wyndham ended Thursday's session down 3% at $11.20.