Cephalon, Inc. (CEPH)

[surf1944]

4:15PM Cephalon beats by $0.36, beats on revs; guides Q2 EPS above consensus, revs below consensus; guides FY10 EPS above consensus, revs in-line (CEPH) 62.81 -1.60 : Reports Q1 (Mar) earnings of $1.92 per share, excluding non-recurring items, $0.36 better than the Thomson Reuters consensus of $1.56; revenues rose 14.6% year/year to $596 mln vs the $586.3 mln consensus. Co issues mixed guidance for Q2, sees EPS of $1.65-1.75, excluding non-recurring items, vs. $1.65 Thomson Reuters consensus; sees Q2 revs of $645-670 mln vs. $685.45 mln Thomson Reuters consensus. Co issues mixed guidance for FY10, raises EPS guidance to $7.00-7.22, excluding non-recurring items, from $6.80-7.00 vs. $6.55 Thomson Reuters consensus; sees FY10 revs of $2.61-2.69 bln vs. $2.68 bln Thomson Reuters consensus.