EPS & Earnings ... Hits & Misses

[madrose1]

BEAS $10~$11 beats by a penny (BEAS) 9.52 +0.36: Reports Q3 (Oct) earnings of $0.11 per share, excluding non-recurring items, $0.01 better than the Reuters Estimates consensus of $0.10; revenues rose 10.2% year/year to $291.5 mln vs the $290.3 mln consensus.

BEA Systems CEO on CNBC demurs when asked if he is open to being acquired (BEAS) 9.48 -0.04: CEO says he is much more focused on growing the business, before he even contemplates any type of deal.

CSFB upgrades BEA Systems (BEAS 10.13) to Outperform from Neutral with a $12 tgt, as they believe the co is strategically levered to the firm's 2006 thesis of improved enterprise spending and further industry consolidation...