Trading for the Masses

19:08 After Hours Summary: MSFT up 11.8% on earnings/guidance; WFR up 9.1% (Co and Gintech announce $700 mln+ solar wafer supply amendment)

Companies moving in after hours trading in reaction to earnings: Trading Up: SNCR +13.5%; MSFT +11.8%; ESLR +10.5%; NTGR +10.2%; SWIR +10.1%; WFR +9.0%; DXPE +8.8%; CLS +8.7%; DECK +8.6%; RRR +7.9%; FDRY +7.4%; BOOM +6.2%; FALC +6.2%; GNW +6.0%; IKAN +6.0%; IM +5.7%; HITT +4.7%; RMTR +4.5%; CNET +4.5%; IBKR +4.1%; UNTD +3.4%; DV +3.3%; MFE +3.2%; OSIP +2.8%; COLM +2.8%; NTCT +2.5%; VPRT +2.4%; RIO +2.4%; LAVA +2.3%; BLG +2.3%; ULTI +1.9%; ORCC +1.4%; PWER +1.3%; PTSI +1.2%; AXTI +1.2%; MEE +1.1%… Trading Down: BEZ -25.6%; TRID -27.1%; RADS -13.4%; VSEA -12.0%; LDSH -11.7%; AXTI -11.5%; STMP -6.5%; ASIA -5.1%; BIDU -4.0%; OPWV -3.9%; ZONS -3.8%; CALD -3.7%; KLAC -3.6%; ARBA -3.6%; TZOO -3.5%; WEN -3.0%; AMCC -2.5%; POWI -2.5%; IBKC -2.2%; PKI -2.0%; CENX -1.9%; FMD -1.8%; NSTR -1.8%; FVRL -1.7%; MOBE -1.7%; COHU -1.6%; CPTS -1.4%; MTH -1.4%; CHRT -1.3%; ELX -1.2%; ACAP -1.1%… Trading Up: VG +73.2% (Co and Verizon resolve patent dispute); WFR +9.1% (Co and Gintech announce $700 mln+ solar wafer supply amendment); DECK +8.6% (raises Q4 rev outlook to +35% vs prior +30% estimate); JMBA +8.4% (announces preliminary Q3 revs of $83.2 mln, up 23.5%); VSCN +4.7% (Co to acquire Visual Sciences); CRXX +3.6% (publishes clinical study results of CRx-102 in hand osteoarthritis; Results published in annals of rheumatic diseases); ACN +1.5% (approves additional $3 bln for share repurchases); VLNC +1.4% (announces it has sold 3 mln shares of its common stock, at a price of $1.54 per share, pursuant to an existing shelf registration); CITP +1.0% (acquires IT staffing assets of Argusa)… Trading Down: AACC -17.8% (announces impairments; sees Q3 EPS of ($0.01)-($0.05) vs $0.26 Reuters consensus); FVRL -1.7% (provides update on timing of analysis from pivotal phase 3 clinical trial); WG -1.2% (announces new contract awards totalling ~$170 mln).
19:08 SPF Standard Pacific reports Q3 (Sep) results (5.25 +0.05)

Reports Q3 (Sep) loss of $1.85 per share, may not be comparable to the Reuters Estimates consensus of ($1.54); revenues fell 19.0% year/year to $675.5 mln vs the $599.4 mln consensus. The co’s results for the 2007 third quarter include non-cash pretax impairment charges of $223.5 mln, or $2.12 per diluted share after tax, of which $175.2 million related to consolidated real estate inventories, $41.8 mln related to the Company’s share of joint venture inventory impairment charges, and $6.5 mln related to land deposit and capitalized preacquisition cost write-offs for abandoned projects. Excluding the third quarter impairment charges, the Company’s earnings would have been $0.27 per share.
19:08 EIX Edison announces Theodore F. Craver as chairman, president and chief executive officer (55.16 +0.64)

Co announced that Theodore F. Craver, Jr., will succeed John E. Bryson, EIX’s chairman, president and chief executive officer, when Bryson retires on July 31, 2008. The board also announced the election of Craver to the board of directors of EIX, effective immediately, and that Craver will become president of EIX April 1, 2008. Craver has served the co for eleven years, most recently as president and chief executive officer of Edison Mission Group, the co’s competitive power generation business.
19:03 SJW SJW Corp misses by $0.04 (34.70 +0.2

Reports Q3 (Sept) earnings of $0.43 per share, $0.04 worse than the Reuters Estimates consensus of $0.47; revenues rose 2.7% year/year to $64.9 mln vs the $64.8 mln consensus
18:52 FACT First Albany Companies, to be renamed Broadpoint (1.57 +0.10)

18:52 CW Curtiss-Wright beats by $0.05, beats on revs; guides FY07 EPS in-line, revs above consensus (52.00 -0.01)

Reports Q3 (Sep) earnings of $0.56 per share, $0.05 better than the Reuters Estimates consensus of $0.51; revenues rose 27.1% year/year to $396.3 mln vs the $375.9 mln consensus. Co issues in-line EPS guidance for FY07, sees EPS of $2.14-2.24 vs. $2.18 consensus; sees FY07 revs of $1.56-1.58 vs. $1.52 bln consensus.
18:47 CFC Countrywide: Earnings Preview (13.07 -0.76) -Update-

CFC is set to report earnings tomorrow in what is easily one of the most anticipated earnings reports and conference calls of the season. There is a lot of uncertainty what to expect and commentary will dominate the direction of the stock price. Back on July 24th co lowered their Q3 EPS outlook to a range of $2.70 to $3.30 as compared to previous outlook of $3.50 to $4.30. In their 8-K released a few weeks ago co estimated that it will incur a pre-tax restructuring charge of ~$125-150 mln, consisting of ~$30-35 mln in one-time termination benefits, $73-89 mln in lease termination costs and $22-26 mln in fixed asset disposals and other miscellaneous costs. Of the total amount of the pre-tax restructuring charge, ~$57 million is expected to be recognized in Q3. CFC estimates that of the total amount of the pre-tax restructuring charge approximately $65-90 mln will result in future cash outlays. We’d expect any mark-to-market commentary to generate significant interest. However, we’re not expecting co to make any specifics here as it appears there is no one in the industry with the answers but would pay attention to any questions surrounding these issues. Other areas of focus are the 1) CEO’s stock sales, 2) $16 bln ‘Home preservation program, 3) ARMs Loans, 4) Update on Operations, 5) Employee reductions and lawsuits, 6 6) Second Bail Outlay Rumors and 7) Deposit Growth. Levels of interest. (Note that the length of horizontal line correlates with strength of support or resistance level) (PVIEW)
18:46 MSFT Microsoft 2Q08 Conference Call Summary (31.99 +0.74)

On Q1 results co notes rapidly expanding personnel computer market, progress against software piracy, and three quarters of Windows customers adopting premium versions, drove Client rev to $4.1 bln. Server and Tools rev increased 16% to $2.9 bln, driven by strong annuity license growth in Windows Server and SQL Server. Online Services Business rev grew 25% to $671 mln, including $80 mln for the half quarter of aQuantive revs since close. Business Division rev grew 20% to $4.1 bln. Entertainment and Devices rev grew over 90% to $1.9 bln, driven by higher than expected console sales and Halo 3. The strong demand for Halo 3 generated ~$330 mln in revs in the quarter, Xbox 360 console units increased over 90%, with over 1.8 mln units sold… On Guidance: Co sees PC growth rate at 10-12% for FY08, 11-13% for the qtr. For Client segment, co says they expect full year growth to be 12-13% and Q2 growth to be 62-64%, or 13-14% excluding certain rev deferrals in the prior year. Co says Server and Tools rev should be up 16-18% for the year, and 15-17% for Q2. Co expects double-digit growth across their server platform products and services. They forecast rev in the Online Service business to increase 33-37% for the year, and 32-35% in Q2; implies Online advertising growth in excess of 30% for the quarter and for the year. Business Division revs should be up 14-15% for the year, and 31-33% in the second quarter. In the Entertainment and Devices Division they’re forecasting rev growth of 15-20% for the full year, and flat to down 8% for Q2… Co says Vista adoption for premium SKUs is tracking above co’s original consensus when launched. They say it’s still early in the adoption cycle… Co did not disclose much on Facebook alliance… MSFT is trading at $35.42 in after hours
18:36 RDN Radian issues statement (9.99 -3.09)

Co says, “In response to the recent volatility in the financial markets, which has affected the stock price of Radian and many others in the housing, mortgage and financial services sectors, RDN noted that the co has a strong capital position and balance sheet. We believe actions taken during Q3, including the sale of the Sherman interest for ~$278 mln and the draw down of $200 mln of the $400 mln revolving credit facility, provide the co with financial flexibility and adequate liquidity for the long term.”
18:35 FRNT Frontier Airlines beats by $0.26, beats on revs (6.75 )

Reports Q2 (Sep) earnings of $0.45 per share, excluding non-recurring items, $0.26 better than the Reuters Estimates consensus of $0.19; revenues rose 19.4% year/year to $373 mln vs the $350.5 mln consensus.
18:33 COG Cabot Oil & Gas beats by $0.02, beats on revs (37.13 +0.13)

Reports Q3 (Sep) earnings of $0.40 per share, excluding non-recurring items, $0.02 better than the Reuters Estimates consensus of $0.38; revenues fell 7.5% year/year to $170.8 mln vs the $164.5 mln consensus.
18:32 WFR MEMC Elec Conference Call Summary -Update-

Commentary on Pasadena Facility: have recovered from this discrete event to a steady state rate of production and are pleased that we are targeting to achieve the level of Q4 revenue targeted prior to the construction incident and able to recover some of the loss revenue from Q3. In addition version made no change to our target of achieving year end capacity of over 6,000 metric tons per year… Anticipating some sort of a price reduction in Q4, over Q3 in the low single digits and in spite of that are guiding the margins up in a reasonable fashion… Asked about monetization in Conergy deal: wouldn’t feel comfortable going into all the details and the wherewithal of that particular part of it, but fundamentally, can think of it as almost a phantom stock or tracking stock type of have vehicle and it would be done by a third party… not able to answer if they have any insurance coverage for the electical outage in Pasadena as it may be a litigious issue… CapEx in ‘08 with have an impact on wafer starts in ‘08 but more in the ‘09… Wafer pricing: wafer pricing environment won’t know for ‘08, until contracts are negotiated at the end of December; for Q1 as well as some of them for an annual basis on ‘08, however, know that obviously 200 millimeter is soft. 300-millimeter is going to continue to be competitive because there’s additional capacity coming online. But more important than just the pricing itself, which co calls mix normalized pricing is the change in mix, specifically for MEMC. As 300-millimeter continues to be an engine of growth for the semiconductor applications and 156-millimeter continues to be the engine of growth for the solar applications, both of which have higher than average margins then that would help offset some of the price decline, as well as obviously the costreductions… still have enough capacity out of expansion to be able to do one other deal about the size of the combined Gentech deal (approx $4-5 bln)… trick is going to be Christmas sales and what happens post-Christmas and into New Year’s and that’s going to be something they will have to wait and see; Seasonality is probably going to be typical. Unless there’s a massive buildup of inventories in the Christmas sales… don’t comment on who suppliers are… looks to bring solar wafering in house by 2009… expect both semi and solar to grow sequentially in Q4… drew down inventory to basically approximately meet the revenue figure, given the shortfall in poly production, and obviously that had an impact on wafer manufacturing utilization and that affects gross margins as well… says pricing of the deal are affected by size of the deals and the market conditions… says plenty of demand for poly out there and has not been beaten by lower priced guys; they have partnered with the people they want to do business with… says if new entrants are not successful that they will be able to move in and take business… Says $15 to $18 billion of solar wafer contracts represents 50% of long-term targets that they had established, revenue targets on an annualized basis. .. Start at long-term pricing in the current market environment. And then they come down once a year over a ten-year period with the objective that by the end of the agreement; need to help enable partners to be able to deliver products that achieve grid parity for solar energy without subsidies, if it’s around $40 as a proxy… Pricing basically said was down in the low single digits, which is what was expected; anticipate a similar environment for Q4; expect a similar environment for Q4 and obviously Q1 onwards won’t know until the end of December… says if they achieve revenues of $540 mln in Q4 that they would still hit their Y07 EPS guidance orf $3.30… say long-term wafer pricing is 2x of a dollar to long-term poly pricing; don’t comment on what spot pricing… at this rate cash on balance sheet could be $2 billion within a year; co says could look to accelerate buybacks… haven’t provided ‘08 guidance so don’t know if they would feel comfortable commenting but the goal is to keep poly flattish, spot poly sales relatively flattish so that the growth primarily from the 156-millimeter engines… co has the ability to readjust contract pricing if ASPs continue to fall; says some people panic which is ok but they do have some items under their control to protect themselves….
18:31 COG Cabot Oil & Gas continues county line success; new acreage play in Appalachia (37.13 +0.13)

Co announced another successful horizontal James well at County Line in east Texas. The Timberstar-Worsham #1 well (78% working interest) has been completed and is flowing to sales at a rate of 12.2 Mmcfe per day. The lateral length was 4,636 feet with a seven-stage frac. Co says, “To capitalize on the success in the James, we are adding capital to drill four more wells this year and plan to drill 32 wells for 2008.” The field is producing at a restricted rate of approximately 19 Mmcf per day from five horizontal James wells, with two wells drilling and one well completing. Additional pipeline capacity is anticipated in the next several weeks.
18:23 PTSI P.A.M. Transport reports Q3 (17.58 -0.66)

Reports Q3 (Sept) earnings of $0.00 per share, incl charges, may not be comparable to the Reuters Estimates consensus of $0.16; revenues rose 1.3% year/year to $101.2 mln vs the 103.0 mln consensus.
18:21 IBKR Interactive Brokers: Conference call summary (30.94 +0.83) -Update-

On call, co says credit crisis, mkt turmoil and higher volumes were very positive developments for them, as their technology prevailed. Says listed option volume is most important to them. Says many competitors temporarily disappeared from the marketplace. Notes that some competitors cannot adapt as quickly to turbulent mkt conditions, and they benefited from this. Co kept focusing on building trading systems, saying they can make long technological strides during period of mkt distress… Notes that mkt making trade volume was up 60% YoY. DARTs were up 46% YoY in brokerage.
18:19 NFI Novastar Fin: Max advance under facility upper to $120 mln - DJ (5.03 -0.10)

18:09 IMAX IMAX provides status update in connection with pending 10-K/A and 10-Q/A filings (4.65 +0.04)

Co provided a status update pursuant to the alternative information guidelines of the Ontario Securities Commission. On October 5, 2007, the Co announced that it planned to restate financial statements relating to the Co’s accounting for certain items mainly pertaining to the 1997-2002 period, and to file a Form 10-K/A to amend its annual report on Form 10-K for 2006, and Form 10-Q/A’s to amend its Form 10-Q filings for the first and second quarters of 2007. The Co reported that its process of completing such restatement was moving quickly and that it expected to file its amended reports within the next two weeks. Except as to the above, there have been no material developments in the matters reported in the Co’s press release “IMAX to File Form 10-K/A” dated October 5, 2007.
18:08 EROC Eagle Rock Energy Partners, L.P. announces restatement of Q2 2007 financials, having no change to Q2 2007 margins, net income/loss, cash flows, members’ equity, adjusted EBITDA, segment profit or balance sheet (21.82 +0.13)

Co announced that management of Eagle Rock Energy G&P, LLC (”G&P”), the general partner of the general partner of the Partnership, intends to correct certain accounting errors discovered in Q2 2007 financial statement information of subsidiaries of the Partnership acquired from Laser Midstream Energy, L.P. (”Laser”) during Q2 of 2007. Management has determined that the previous accounting treatment resulted in an overstatement of the Partnership’s gross revenues and cost of goods sold for the second quarter of 2007 by ~$25.6 mln, but because costs were overstated by the same amount as revenue, there was no resulting impact on second quarter 2007 margins, net income/loss, cash flows, members’ equity, Adjusted EBITDA, Segment Profit, or balance sheet.
18:07 DDR Dvlps Divers Realty beats by $0.01, beats on revs (51.65 -0.16)

Reports Q3 (Sep) funds from operations of $0.80 per share, $0.01 better than the Reuters Estimates consensus of $0.79; revenues rose 20.5% year/year to $234.1 mln vs the $231.3 mln consensus.
18:06 CHRT Chartered Semi reports Q3 (Sep) results, beats on revs (7.25 +0.11)

Reports Q3 (Sep) earnings of $0.10 per share, incl benefit, may not be comparable to the Reuters Estimates consensus of ($0.00); revenues fell 0.1% year/year to $354.8 mln vs the $339.3 mln consensus.
18:05 FDRY Foundry Ntwks (18.01 -0.50) -Update-

On the call, co says they benefitted from strong federal contract wins, as it was the fiscal year end for federal. The co also benefitted from “several million dollars” worth of backlog carryforward from Q2 in federal. Co says they are operating in federal about as strongly as they ever have, increasing their presence by getting into new programs as well as expanding on existing programs. Co is optistic for the long-term prospects for federal, and they are expecting a more robust 1H08 than they saw in 1H07. Co says their operating expanded to 29%; higher than their long-term goal of 20-25%. Margins were enhanced by lower manufacturing costs, efficiencies in support and services, and a shift to higher end products. The co expects Q4 operating margins to remain above the 20-25% range. The co says they were pleased with the pricing environment in Q3, and they don’t believe it has shifted. However, co is unsure if the current pricing environment is sustainable, noting that some competitors are making noise about entering some of their markets. Co is fairly optimistic regarding the enterprise segment going forward, saying they are adding new customers at a very respectabel rate. The co is expecting a rebound in the N. America and European markets, and they expect service provider revs to grow faster than enterprise. In the service/router market, co says they added over 50 new customers in the qtr. Although the co doesn’t provide financial guidance, co says they are very comfortable about continued growth through ‘07. All quantitative information points to growth. Co also says they are not seeing any impact from the current credit crunch, commenting that they have little exposure in the financial sector
18:04 DDR prelim funds from operations of $0.80 vs $0.79 Reuters consensus, $0.80 First Call; revs $234.1 mln vs $231.27 mln Reuters consensus

18:02 SNCR Synchronoss Tech Conference Call Summary (35.85 -8.50) -Update-

On conf call, co guides Q4 revs roughly in-line with consensus. They expect Q4 revenue of $34.8-35.5 mln vs $35.5 mln consensus. The stock sold off a bit on the guidance apparently as investors were hoping the co would raise guidance. As it stands, the co’s Q4 mid-point is slightly below consensus. Of note, the co says it’s in the final stages of landing a second tier-one wireless customer (besides Cingular/iPhone deal). The deal could be announced this quarter. There seems to be a lot of interest from the analysts during the Q&A about the second tier-one wireless customer, but co cannot get into specifics although it sounds like it’s in the final stages. Co also says it recently began a direct relationship with Charter Communications (CHTR)… Co says it saw its run rate with LVLT increase significantly in the qtr. The LVLT relationship has never been stronger. Co sees opportunities with Comcast and Time Warner Cable… Siemens and Grupo Alma were picked up as new partners in Europe… Note: This stock has been all over the map. It sold off into the close then ran as much as 8 pts to 43.80 before pulling back on the mediocre Q4 guidance… stock at 40.51.
18:01 DYN Dynegy announces a strategic transaction for a portion of its interest in the Plum Point Power Generation facility (8.71 +0.24)

Co announced an agreement for the sale of a portion of the co’s indirect interest in Plum Point Energy Associates, LLC (PPEA) to John Hancock Life Insurance Company for $82 mln in cash. PPEA owns ~57% of the 665-megawatt Plum Point Power Generation Facility currently under construction near Osceola, Arkansas. The non-controlling interest to be purchased by John Hancock equates to ~125 megawatts in the Plum Point facility. Dynegy will maintain construction and commercial control of the facility. DYN expects to record a gain on the sale in Q4 2007, when the transaction is expected to close. John Hancock will also assume 50% of DYN’s contingent equity support obligations to the project lenders, resulting in a reduction of ~$14 mln in DYN’s outstanding letters of credit. The sales price of $82 mln is net of non-recourse project debt.
18:01 RACK Rackable Systems earnings call summary (13.02 -0.5 -Update-

The co noted that there will be margin pressure in 4Q due to additional investments to benefit 2008 and seasonal supply chain shortages (may increase expediting and ordering costs) and rampup Ice Cube. Operating expenses will be larger in Q4 vs Q3. The co has 3 goals, grow revs, operate profitably and expand margins. The co experienced record book to bill in Q3. The new R&D facility in China will be fully operational in Q1 2008. The co put out AMD Barcelona based servers and so far customer feedback is good. The co continues building its pipeline. The co experienced minor customer diversification as the top 3 customers combined for 57% of the sales compared to 62% in Q2. Regarding an analyst question about the pricing environment, the co said that there were no typical pricing pressures, cos based buying decisions on platforms and architecture. When the debate regarding what to buy moves to ecological issues, the co benefits enormously. The co is planning to expand virtualization beyond VMware and consolidating everything into one or two racks for customers. The co is seeing positive demand from financial services and federal sectors and internet travel subsector, the co sees demand here as very solid and they are keeping an eye on it. Regarding intl expansion, the co is focusing on helping US customers to expand intl.
18:01 CHRT prelim $0.10, incl tax benefit, may not be comparable to $0.00 Reuters consensus; revs $354.8 mln vs $339.32 mln Reuters consensus

17:58 YANB Yardville National reports Q3 (34.04 -0.26)

Reports Q3 (Sept) earnings of $0.15 per share, may not be comparable to the Reuters Estimates consensus of $0.41.
17:57 WG Willbros announces new contract awards totalling ~$170 mln (35.80 +0.53)

Co announced that its Construction and EPC segments have been awarded new projects for work in Canada and the United States. The aggregate value of these contracts, which have components which are not yet fully defined, is expected to total ~$170 mln.
17:50 RIO Comp Vale Do Rio beats by $0.10, beats on revs (33.49 +0.67)

Reports Q3 (Sep) earnings of $0.60 per share, $0.10 better than the Reuters Estimates consensus of $0.50; revenues rose 9.9% year/year to $8.1 bln vs the $7.77 bln consensus.
17:46 RIO prelim $0.60 vs $0.50 Reuters consensus, $0.51 First Call; revs $8.1 bln vs $7.77 bln Reuters consensus

17:42 MKTIN Market Internals -Update-

The Dow was down 0.02% at 13672, the Nasdaq was down 0.86% to close at 2751, and the S&P was down 0.10% to close at 1514. Leading sectors included: Coal and Consumable Fuels +5.9%, Gas Utilities +4.8%, Computer Storage and Peripherals +4.6%, Construciton and Engineering +4.2%, Human Resources and Employment +3.3%. Lagging sectors included: Broadcast & Cable TV -6.1%, Health Care Tech -3.6%, Construction and Farming -3.6%, Metal and Glass -3.3%, Semiconductor Equip -3.3%. Today’s movement came from higher than avg volume (NYSE 1614, vs. 1577 avg, Nasdaq 2739, vs. 2096 avg), with decliners outpacing advancers (NYSE 1632/1684, Nasdaq 1234/1747) with new highs outpacing new lows on the NYSE and new lows outpacing new highs on the Nasdaq (NYSE 139/138; Nasdaq 131/175).
17:40 SNV Synovus misses by $0.04, reports revs in-line (25.59 -0.4

Reports Q3 (Sep) earnings of $0.45 per share, excluding non-recurring items, $0.04 worse than the Reuters Estimates consensus of $0.49; revenues rose 5.5% year/year to $759.3 mln vs the $766.3 mln consensus.
17:39 LDSH Ladish misses by $0.18, misses on revs (56.42 +1.40)

Reports Q3 (Sep) earnings of $0.45 per share, $0.18 worse than the Reuters Estimates consensus of $0.63; revenues rose 15.8% year/year to $105 mln vs the $106.9 mln consensus. Co says, “The sales increase was due to continued strong demand in all of our markets. The decrease in profitability as a percentage of sales was the result of less than favorable product mix, higher raw material prices, reduced by-product sales and a higher effective tax rate in 2007.”
17:39 BAC Bank Of America confirms co-head of equities has left co - WSJ (47.00 -0.4 -Update-

WSJ reports the co confirmed that Peter Forlenza, co-head of equities, has left the co in the midst of a shake-up at the corporate and investment banking unit. Forlenza’s departure was announced via an internal conference call Wednesday afternoon, just before Bank of America detailed sweeping changes at its global corporate and investment bank. The changes include the ouster of unit executive and vice chairman R. Eugene Taylor, layoffs of 3,000 employees and a strategic review with the potential to further shrink the business. Forlenza left of his own volition, the bank said.
17:39 PKI PerkinElmer earnings color (29.27 -0.27) -Update-

We have updated the original earrings comment. Co reports a comparable actual of $0.32 in-line with consensus including stock based compensation expense. See 16:57 comment for the full report.
17:38 ASIA AsiaInfo earnings color (12.06 -0.41) -Update-

Reuters Estimates is telling us that an actual of $0.14 is comparable to their consensus of $0.08. See 17:04 comment for full report.
17:36 IBA Industrias Bachoco SA misses by $0.03 (28.92 +0.23)

Reports Q3 (Sept) ADS of $0.67 per share, $0.03 worse than the Reuters single-analyst est of $0.70. Co reports Ps revs of 4,623.1, up 24.5%.
17:36 PGTI PGT announces restructuring and cost savings initiatives (8.01 -0.11)

The co announces announced a restructuring of the co as a result of in-depth analysis of the co’s target mkts, internal structure, projected run-rate, and efficiency… The savings are the result of a combination of non-workforce related steps and a significant reduction in the co’s indirect workforce. Effective today, the Company’s indirect workforce (overhead) was decreased by 17%, which equates to an 8% reduction in the co’s overall employee population. In addition to savings attributed to this reduction in workforce, the Company expects significant savings resulting from, among other things, a reduction from three manufacturing shifts to two. In total, the co expects to realize annualized savings in excess of $16 mln.
17:33 JBSS John B. Sanfilippo & Son refinancing update (9.48 -0.0

Co announced that it has accepted a commitment letter from a new lender to refinance the Co’s Bank Credit Facility and has applied for a mortgage from a new lender to refinance the Co’s Notes. Both facilities are expected to close by the first week in December and are subject to the completion of due diligence and approval of final loan agreements. Co says, “These two credit facilities should provide us with the capital we need to continue to grow our business. Both facilities will contain financial covenants which we believe are attainable. This critical step should allow us to focus on improving performance by eliminating the considerable distractions associated with being in non-compliance with our current loan agreements.”
17:31 LDSH prelim $0.45 vs $0.63 Reuters consensus; revs $105.0 mln vs $106.88 mln Reuters consensus

17:31 DECK Deckers Outdoor: Earnings Conference Call Summary (113.09 -2.97) -Update-

On their conference call, DECK noted their Q3 results were driven by the strong full price selling of the Ugg brand throughout both the U.S. and internationally. Co said the consumer reaction to the UGG brand’s fall line has been extremely favorable Co says success at penetrating new geographic regions, increasing shelf space and broadening their target market also contributed to better than expected results. Co notes Ugg sales were fueled by robust demand for entire product line. Teva was fueled by sell-through for sandals. Simple was negatively impacted by shipping delays for ecoSNEAKS. Co notes inventory for Ugg brand has increased due to sales growth expected in Q4. Co’s is fairly comfortable with inventory level. Co notes margins in international markets are consistent. Co says there are no mark down or inventory risks there. International margin vs. Domestic margin: Co notes price is higher in U.K., but distributor in U.K. comes into play. Co notes Ugg is catching up to Teva in the international market. In first half ‘08, co expects Ugg to be up in the double digits. Co is continuing along the path they have been on. There is more presentation of the brand and notes it is inevitable to see growth. In regards to U.K., co notes Ugg reminds him of how it was in the U.S. in 2003. Believes they are on the cusp of something big in Europe. Co notes over the years they have been less dependant on the classic/core styles, but notes they are always an important part of their mix. Co notes internationally U.K. has become there largest market. Co still has opp in Germany, France, etc. Co doesn’t have a distributor in France yet. Co notes distribution for Teva is strong and healthy.
17:30 AVID Avid Tech: On conf call, co guides Q4 non-GAAP EPS to $0.46-0.59 (consensus $0.51); guides revs to $245-255 mln vs $249 mln consensus (27.17 -0.47) -Update-

17:24 MEE Massey Energy misses by $0.07, beats on revs (28.90 +1.36)

Reports Q3 (Sep) earnings of $0.27 per share, $0.07 worse than the Reuters Estimates consensus of $0.34; revenues rose 8.5% year/year to $603.4 mln vs the $582.8 mln consensus. The Company projects 2007 produced coal shipments will be between 40.0 and 40.5 mln tons, with average produced coal realization between $51.25 and $51.50 per ton. Cash costs per produced ton for the full year 2007 are expected to be in line with the first nine months of 2007 actual results. Other income is expected to be between $75 and $85 mln. Massey expects total shipments for 2008 to be in the range of 41.5 to 43.0 mln tons at an average price of approximately $54 per ton. Other income in 2008 is expected to be $50 to $100 mln. Massey reiterated its belief that 2008 metallurgical prices will be very strong for its unsold or unpriced 3.5 mln tons of metallurgical coal. The Company’s steam and industrial coal production for 2008 is fully committed.
17:24 FDRY Foundry Ntwks: On Q3 call, co expects Q4 operating margin to be above targeted 20-25% range (18.01 -0.50) -Update-

17:21 VLNC Valence Tech announces it has sold 3 mln shares of its common stock, at a price of $1.54 per share, pursuant to an existing shelf registration statement (1.64 -0.07)

17:20 Standard & Poor’s Announces Changes to U.S. Index

Zep (ZEP) will replace Cost Plus (CPWM) in the S&P SmallCap 600. Zep is being spun off by S&P SmallCap 600 constituent Acuity Brands (AYI) in a transaction expected to close on or about that date. At today’s close of trading, Cost Plus had a market capitalization of approximately $72 million, ranking 600th in the index. Patriot Coal (PCX) will replace PolyMedica (PLMD) in the S&P SmallCap 600. PolyMedica is being acquired by S&P 500 constituent MedcoHealth Solutions (MHS) in a deal expected to close on or about that date, pending final approvals. Patriot is being spun off by S&P 500 constituent Peabody Energy Corp. (NYSE:BTU) in a transaction expected to close on or about that date.
17:20 MEE prelim $0.27 vs $0.34 Reuters consensus; revs $603.4 mln vs $582.78 mln Reuters consensus

17:18 ROP Roper Inds beats by $0.01, beats on revs; raises FY07 EPS in-line (68.30 +1.25)

Reports Q3 (Sep) earnings of $0.70 per share, $0.01 better than the Reuters Estimates consensus of $0.69; revenues rose 24.7% year/year to $532.9 mln vs the $526 mln consensus. Co raises guidance for FY07, sees EPS of $2.63-2.67 vs. $2.65 consensus, up from $2.60-2.66.
17:17 KLAC KLA-Tencor sees Q2 EPS $0.68-0.73 vs $0.75 consensus; sees revs $625-640 mln vs $673.2 mln consensus -Update-

17:16 EMN prelim $1.26 vs $1.26 Reuters consensus; revs $1.81 bln vs $1.89 bln Reuters consensus

17:16 IBKC IberiaBank beats by $0.07; guides FY07 EPS in-line (47.22 +2.52)

Reports Q3 (Sep) earnings of $0.98 per share, $0.07 better than the Reuters Estimates consensus of $0.91. Co notes they issued FY07 guidance on July 24th 2007 of EPS of 3.70-3.75 vs. $3.65 consensus. Co states today that it expects to be on the bottom end of the range described above.
17:16 EMN Eastman Chem reports EPS in-line, misses on revs (64.05 -0.12)

Reports Q3 (Sep) earnings of $1.26 per share, excluding non-recurring items, in-line with the Reuters Estimates consensus of $1.26; revenues fell 7.8% year/year to $1.81 bln vs the $1.89 bln consensus. Commenting on the outlook for the fourth quarter, the co said, “We anticipate normal seasonality will reduce demand sequentially in most of our businesses and product lines during the quarter. We also expect continued volatility in our raw material and energy costs. As a result, we expect fourth quarter 2007 earnings per share to be similar to fourth quarter 2006 earnings per share of $1.00 excluding gains and charges related to strategic decisions in both periods.” (Note Q4 EPS consensus is $1.04)
17:15 MTX Minerals Tech misses by $0.01, misses on revs; additional share repurchase program of $75 mln (63.92 +0.30)

Reports Q3 (Sep) earnings of $0.69 per share, excluding non-recurring items, $0.01 worse than the Reuters Estimates consensus of $0.70; revenues rose 3.4% year/year to $274.2 mln vs the $277.5 mln consensus. MTX board approves additional share repurchase program of $75 mln.
17:15 SIGI Selective Insurance beats by $0.09, misses on revs; guides FY07 EPS above consensus (21.43 -0.82)

Reports Q3 (Sep) operating earnings of $0.63 per share, $0.09 better than the Reuters Estimates consensus of $0.54; net premiums written rose 2.0% year/year to $409.5 mln may not compare to $455.2 mln consensus. Co issues upside guidance for FY07, sees EPS of $2.10-2.20, compared to previous guidance of $2.00-2.15, vs. $2.09 consensus.
17:14 CNET CNET misses by $0.01, reports revs in-line (8.03 -0.19)

Reports Q3 (Sep) earnings of $0.01 per share, including stock-based compensation and excluding goodwill impairment charges and realized investment gains, $0.01 worse than the Reuters Estimates consensus of $0.02; revenues rose 6.7% year/year to $99.5 mln vs the $99.4 mln consensus.
17:14 MTX Board Approves Additional Share Repurchase Program of $75 Million

17:13 MTX prelim $0.69 vs $0.70 Reuters consensus; revs $274.2 mln vs $277.50 mln Reuters consensus

17:11 CKH Seacor Hldgs beats by $0.52, beats on revs (88.41 -1.34)

Reports Q3 (Sep) earnings of $2.66 per share, $0.52 better than the Reuters Estimates consensus (2 estimates) of $2.14; revs rose 3% yr/yr to $359.9 mln, no estimates.
17:11 TNL Technitrol beats by $0.01, misses on revs (26.46 -0.13)

Reports Q3 (Sep) earnings of $0.49 per share, excluding non-recurring items, $0.01 better than the Reuters Estimates consensus of $0.48; revenues fell 0.5% year/year to $257.1 mln vs the $260.4 mln consensus. The co believes that market conditions prevalent in the third quarter will continue through the fourth quarter of 2007, with some sectors showing signs of sequential-quarter growth and others steady. Technitrol currently expects fourth-quarter revenues and operating profit excluding severance, asset-impairment and other unusual expenses, if any, to be comparable to third-quarter levels (consensus is for $0.50 and $261.8 mln). The effective tax rate in the fourth quarter is expected to be comparable to or slightly above that of the third quarter, which reflects a high proportion of earnings in low-tax jurisdictions. Technitrol does not plan to provide further outlook information until results are reported for the fourth quarter of 2007.
17:10 DYS Distribucion y Servicio reports Q3 EPS of $0.22 vs $0.21 Reuters consensus; revs rose 3$ YoY to $756.5 mln vs $943.78 mln Reuters consensus (36.89 +0.41)

17:09 AYE Allegheny Energy misses by $0.01, misses on revs (58.04 )

Reports Q3 (Sep) earnings of $0.67 per share, $0.01 worse than the Reuters Estimates consensus of $0.68; revenues rose 3.7% year/year to $846.6 mln vs the $990.8 mln consensus.
17:09 BPL Buckeye Partners misses by $0.01, reports revs in-line (53.51 -0.35)

Reports Q3 (Sep) earnings of $0.71 per share, $0.01 worse than the Reuters Estimates consensus of $0.72; revenues rose 7.8% year/year to $125.6 mln vs the $125.9 mln consensus.
17:08 After Hours Movers Of Note: MSFT +11%, DRIV +7%, QQQQ +1.5%… BIDU -6%, KLAC -4%

17:07 ORCC Online Resources beats by $0.01, reports revs in-line; guides Q4 EPS below consensus, revs below consensus (12.29 -0.23)

Reports Q3 (Sep) earnings of $0.08 per share, excluding non-recurring items, $0.01 better than the Reuters Estimates consensus of $0.07; revenues rose 20.8% year/year to $34.2 mln vs the $34 mln consensus. Co issues downside guidance for Q4, sees EPS of $0.10-0.13 vs. $0.14 consensus; sees Q4 revs of $37.3-38.8 vs. $39.14 mln consensus.
17:07 BLDR Builders Firstsource earnings color (9.80 +0.14) -Update-

Reuters Estimates is telling us that an actual of $0.00, ex items, is comparable to their consensus of $0.25. See 16:39 comment for the full report.
17:07 MTH Meritage earnings color (15.99 +0.22) -Update-

Reuters Estimates is telling us that an actual of ($4.52) is comparable to their consensus of ($2.15). See 16:48 comment for full report.
17:06 BEZ Baldor Electric misses by $0.01, reports revs in-line; co gives Q4 outlook (40.46 -0.75)

Reports Q3 (Sep) earnings of $0.53 per share, $0.01 worse than the Reuters Estimates consensus of $0.54; revenues rose 125.7% year/year to $480.6 mln vs the $477.8 mln consensus. Co gives an outlook saying “We expect net sales to be lower in Q4 than they were in the third quarter due to holidays. However, we expect the rate of sales growth in Q4 to be slightly higher than the rate of sales growth in Q3.”
17:06 CALD Callidus Software earnings color (9.35 +0.11) -Update-

Reuters Estimates is telling us that an actual of ($0.07) is comparable to their consensus of ($0.07). See 16:40 comment for full report.
17:05 ORCC sees Q4 $0.10-0.13 vs $0.14 Reuters consensus; sees revs $37.3-38.8 mln vs $39.14 mln Reuters consensus

17:04 NTLS Ntelos Holdings announces it declared a quarterly cash dividend in the amount of $0.21/share, an increase of 40% from the previous quarterly cash dividend of $0.15/share (28.99 -0.15)

17:04 ASIA AsiaInfo reports Q3 (Sep) results, misses on revs; guides Q4 EPS above consensus, revs below consensus (12.06 -0.41)

Reports Q3 (Sep) non-GAAP earnings of $0.11 per share, excludes charges but also excludes stock based compensation that analysts may be including, may not be comparable to the Reuters Estimates consensus of $0.08; revenues rose 16.5% year/year to $32.4 mln vs the $33.3 mln consensus. Co issues mixed guidance for Q4, sees EPS of $0.10-0.11 vs. $0.09 consensus; sees Q4 revs of $31-33 vs. $37.68 mln consensus.
17:04 ORCC prelim $0.08 vs $0.07 Reuters consensus; revs $34.2 mln vs $33.98 mln Reuters consensus

17:03 BIDU Baidu.com beats by $0.02, beats on revs; guides Q4 revs above consensus (334.30 -1.70)

Reports Q3 (Sep) earnings of $0.72 per share, excluding non-recurring items, $0.02 better than the Reuters Estimates consensus of $0.70; revenues rose 118.1% year/year to $66.3 mln vs the $65.3 mln consensus. Co issues upside guidance for Q4, sees Q4 revs of $74.7-76.7 vs. $74.56 mln consensus. Co says, “The Chinese search market is still in the early stages of its development and we are committed to positioning BIDU to capture growth opportunities presented in this large and attractive market.”
17:02 TMM Grupo TMM reports Q3 net loss of $45.6 mln compared to a net loss of $8.0 mln in 3Q06, rev rose 30% YoY to $76.9 mln - no ests (3.16 -0.04)

17:02 DBTK Double-Take Software beats by $0.05, beats on revs; guides Q4 EPS in-line, revs in-line (19.60 +0.05)

Reports Q3 (Sep) earnings of $0.17 per share, excluding non-recurring items, $0.05 better than the Reuters Estimates consensus of $0.12; revenues rose 29.8% year/year to $21.3 mln vs the $20.7 mln consensus. Co issues in-line guidance for Q4, sees EPS of $0.15-0.16, excluding non-recurring items, vs. $0.15 consensus; sees Q4 revs of $23.1-23.6 mln vs. $23.36 mln consensus.
17:01 UIC United Industrial’s AAI Services subsidiary wins re-compete contract (80.60 +0.01)

The co announces that its AAI Services subsidiary has won a contract extension of up to five years from the Federal Highway Administration to continue providing support services for the agency’s Highway Driving Simulator. The HDS provides simulation capabilities in support of research and development of new and safer highway technologies. The contract, which has a two-year base period and three one-year options, has a total potential value of more than $4 mln.
17:01 ASIA sees Q4 $0.10-0.11 vs $0.09 Reuters consensus; sees revs $31-33 mln vs $37.68 mln Reuters consensus

17:01 BIDU sees Q4 revs $74.7-76.7 mln vs $74.56 mln Reuters consensus

17:01 ASIA prelim $0.11 may not be comparable to $0.08 Reuters consensus; revs $32.4 mln vs $33.28 mln Reuters consensus

17:00 BIDU prelim $0.72 vs $0.70 Reuters consensus; revs $66.3 mln vs $65.27 mln Reuters consensus

17:00 NTCT NetScout Systems beats by $0.01, beats on revs (12.54 -1.17)

Reports Q2 (Sep) earnings of $0.10 per share, $0.01 better than the Reuters Estimates consensus of $0.09; revenues rose 17.9% year/year to $29.6 mln vs the $29.3 mln consensus. NetScout is not providing guidance for the December quarter or for fiscal 2008 because the Network General acquisition transaction is still pending. The Company expects to resume providing quarterly guidance at its third quarter earnings announcement in January.
16:59 PWER Power-One beats by $0.03, beats on revs; guides Q4 EPS in-line, revs in-line (5.17 -0.07)

Reports Q3 (Sep) loss of $0.05 per share, excluding non-recurring items, $0.03 better than the Reuters Estimates consensus of ($0.08); revenues rose 67.2% year/year to $131.5 mln vs the $126.8 mln consensus. Co issues in-line guidance for Q4, sees net loss of ($0.06)-($0.03) vs. ($0.04) consensus; sees Q4 revs of $130-$135 vs. $134.00 mln consensus. “We are seeing strengthening demand across our business, especially in our telecom power system products and our products that we obtained with our PEG acquisition, namely alternative energy, motor controls, and custom products. In the alternative energy business, we are seeing tremendous growth opportunities, and in fact, just this quarter, we announced our new line of modular solar power inverters with a range of 30kW to 300kW that will considerably expand our potential market. The PEG acquisition was very strategic in terms of new applications like renewable energy and positioning us to compete in higher-volume markets.”
16:59 CLS Celestica beats by $0.06, reports revs in-line; guides Q4 EPS in-line, revs below consensus (6.44 -0.14)

Reports Q3 (Sep) earnings of $0.13 per share, excluding non-recurring items, $0.06 better than the Reuters Estimates consensus of $0.07; revenues fell 13.0% year/year to $2.08 bln vs the $2.08 bln consensus. Co issues mixed guidance for Q4, sees EPS of 0.10-0.16 vs. $0.11 consensus; sees Q4 revs of 2.00-2.15 bln vs. $2.17 bln consensus.
16:58 POWI Power Integrations reports EPS in-line, beats on revs; guides Q4 EPS below consensus, revs above consensus (30.75 +0.12)

Reports Q3 (Sep) earnings of $0.32 per share, excluding non-recurring items, in-line with the Reuters Estimates consensus of $0.32; revenues rose 15.3% year/year to $49.8 mln vs the $46.4 mln consensus. POWI expects its revenues and gross margins for Q4 of 2007 to be similar to Q3 levels. Co issues downside EPS guidance for Q4, sees EPS of $0.32 vs. $0.33 consensus; sees Q4 revs of $49.8 mln vs. $47.88 mln consensus.
16:58 MCRS Micros Systems beats by $0.07, beats on revs; reaffirms FY08 guidance (61.98 -1.04)

Reports Q1 (Sep) earnings of $0.58 per share, $0.07 better than the Reuters Estimates consensus of $0.51. Co reaffirms guidance for FY08, sees EPS of $2.59-2.62 vs. $2.62 consensus; sees FY08 revs of $910-915 mln vs. $912.95 mln consensus.
16:57 AXTI AXT Inc misses by $0.02, reports revs in-line; guides Q4 EPS below consensus, revs below consensus (5.93 -0.44)

Reports Q3 (Sep) earnings of $0.03 per share, $0.02 worse than the Reuters Estimates consensus of $0.05; revenues rose 15.6% year/year to $14.5 mln vs the $14.4 mln consensus. Co issues downside guidance for Q4, sees EPS of $0.03-0.05 vs. $0.06 consensus; sees Q4 revs of $15.3-15.8 mln vs. $15.94 mln consensus.
16:57 ACGL Arch Capital reports Q3 EPS of $2.89, ex-items, vs $2.53 consensus; reports net premiums written down 7% to $694.6 mln (71.57 -0.89)

16:57 PKI PerkinElmer reports in-line, beats on revs; guides Q4 EPS in-line (29.27 -0.27)

Reports Q3 (Sep) earnings of $0.32 per share, excluding non-recurring items, including stock based compensation expense, in-line with the Reuters Estimates consensus of $0.32; revenues rose 12.6% year/year to $435.7 mln vs the $428.7 mln consensus. Co issues in-line guidance for Q4, sees EPS of $0.42-0.44 vs. $0.43 consensus; co projects rev to increase in the mid-teens.
16:56 RMTR Ramtron reports Q3 EPS of $0.05 vs $0.05 Reuters consensus; revs rose 20% YoY to $13.4 mln vs $13.06 mln Reuters consensus (3.53 -0.01)

“Considering our strong year-to-date financial results and management’s current view of the fourth quarter, we are raising the full-year 2007 targets both for revenue growth and for net income before stock-based compensation expenses. We now anticipate producing year-over-year revenue growth for 2007 in the range of 23% to 27% and a net income margin in the range of 7.5% to 8.5%. These figures are higher than the targets we published at the beginning of the year, which called for a revenue growth target of 20% to 25% and net income margin before stock-based compensation expense in the range of 5.0% to 6.5%,”
16:56 LAVA Magma Design beats by $0.04, beats on revs; guides Q3 in-line; guides FY08 EPS above consensus (6.44 -0.14)

Reports Q2 (Sep) earnings of $0.15 per share, $0.04 better than the Reuters Estimates consensus of $0.11; revenues rose 27.5% year/year to $53.5 mln vs the $51.4 mln consensus. Co issues in-line guidance for Q3, sees EPS of $0.13-0.15, excluding non-recurring items, vs. $0.14 consensus; sees Q3 revs of $53-55 mln vs. $53.44 mln consensus. Co issues upside guidance for FY08, sees EPS of $0.53-0.55, excluding non-recurring items, vs. $0.51 consensus.
16:56 SCSC ScanSource beats by $0.07, reports revs in-line; guides Q2 revs above consensus (30.95 -0.10)

Reports Q1 (Sep) earnings of $0.56 per share, $0.07 better than the Reuters Estimates consensus of $0.49; revenues rose 11.6% year/year to $553.7 mln vs the $550.8 mln consensus. Co issues upside guidance for Q2, sees Q2 revs of $550-570 mln vs. $522.47 mln consensus.
16:55 SNCR Synchronoss Tech on conf call: guides Q4 revs roughly in-line with consensus to $34.8-35.5 mln vs $35.5 mln consensus (35.85 -8.50) -Update-

stock at 39.99
16:55 OSIP OSI Pharm beats by $0.19, beats on revs (36.66 +0.21)

Reports Q3 (Sep) earnings of $0.59 per share, $0.19 better than the Reuters Estimates consensus of $0.40; revenues rose 76.8% year/year to $100.4 mln vs the $86.6 mln consensus.
16:54 SNCR Synchronoss Tech beats by $0.07, beats on revs (35.87 -8.47)

Reports Q3 (Sep) earnings of $0.24 per share, $0.07 better than the Reuters Estimates consensus of $0.17; revenues rose 82.5% year/year to $34.5 mln vs the $33.4 mln consensus. Consensus estiamtes include stock based compensation expense.
16:53 HIG Hartford Financial beats by $0.23; raises FY07 EPS guidance (91.54 -0.82)

Reports Q3 (Sep) earnings of $2.68 per share, $0.23 better than the Reuters Estimates consensus of $2.45. Co issues upside guidance for FY07, sees EPS of $10.60-10.75 vs. $9.97 consensus up from previous guidance range was $9.60 to $9.90.
16:53 NATI Natl Instruments reports EPS in-line, revs in-line; guides Q4 EPS in-line, revs in-line (33.05 -0.64)

Reports Q3 (Sep) earnings of $0.32 per share, excluding non-recurring items, in-line with the Reuters Estimates consensus of $0.32; revenues rose 12.4% year/year to $184.4 mln vs the $184.8 mln consensus. Co issues in-line guidance for Q4, sees EPS of $0.39-0.45, excluding non-recurring items, vs. $0.42 consensus; sees Q4 revs of $200-210 mln vs. $207.45 mln consensus.
16:53 OPWV Openwave beats by $0.02, misses on revs (4.37 -0.03)

Reports Q1 (Sep) loss of $0.04 per share, excluding non-recurring items, $0.02 better than the Reuters Estimates consensus of ($0.06); revenues fell 7.5% year/year to $63 mln vs the $65.7 mln consensus.
16:51 SWIR Sierra Wireless beats by $0.05, beats on revs; guides Q4 EPS above consensus, revs above consensus (19.07 -0.12)

Reports Q3 (Sep) earnings of $0.33 per share, $0.05 better than the Reuters Estimates consensus of $0.28; revenues rose 112.2% year/year to $111.5 mln vs the $109.7 mln consensus. Co issues upside guidance for Q4, sees EPS of $0.42 vs. $0.28 consensus; sees Q4 revs of $125 vs. $115.84 mln consensus. “Our strong results were driven by a combination of continued solid shipments of our AirCard products to existing operator channels, initial shipments of our new HSUPA products, growth in our OEM business and a full quarter of contribution from AirLink…”
16:51 HITT Hittite Microwave beats by $0.05, beats on revs; guides Q4 EPS above consensus, revs above consensus (42.97 -1.02)

Reports Q3 (Sep) earnings of $0.44 per share, $0.05 better than the Reuters Estimates consensus of $0.39; revenues rose 15.3% year/year to $39.9 mln vs the $39 mln consensus. Co issues upside guidance for Q4, sees EPS of $0.44-0.45 vs. $0.39 consensus; sees Q4 revs of $41.5-42.5 mln vs. $40.66 mln consensus.
16:50 ULTI Ultimate Software beats by $0.01, reports revs in-line; guides FY08 EPS below consensus (33.08 -1.81)

Reports Q3 (Sep) earnings of $0.18 per share, $0.01 better than the Reuters Estimates consensus of $0.17. Co issues downside guidance for FY08, sees EPS of $0.65-$0.70 vs. $0.76 consensus. The co’s preliminary guidance for 2008, excluding the impact of the Ceridian agreement, is to grow recurring revenues by over 35% in 2008 compared with those in 2007, and to increase total revenues by over 25% compared with 2007.
16:50 GNW Genworth Financial beats by $0.06, reports revs in-line; guides FY07 EPS in-line

Reports Q3 (Sep) earnings of $0.83 per share, excluding non-recurring items, $0.06 better than the Reuters Estimates consensus of $0.77; revenues rose 9.9% year/year to $2.88 bln vs the $2.88 bln consensus. Co sees FY07 EPS of $3.00-3.10 vs. $3.10 consensus. “U.S. mortgage insurance results fell short of our targets reflecting the current U.S. residential real estate market, but were strong in light of a difficult operating environment…”
16:50 CMO Capstead Mortgage reports Q3 EPS of ($0.43) vs $0.04 in 3Q06 - no ests (11.49 +0.15)

“In August 2007 liquidity in the credit markets contracted sharply primarily in response to heightened investor concerns regarding delinquencies on subprime and other residential mortgage securities that were not issued and guaranteed by government-sponsored entities, either Fannie Mae or Freddie Mac, or by an agency of the federal government, Ginnie Mae. With asset values falling and lenders becoming more cautious, many investors in non-agency securities were forced to liquidate substantial amounts of their holdings. These distressed sales placed downward pressure on market values of all residential mortgage securities, including agency issued and guaranteed securities such as those that comprise over 99% of Capstead’s mortgage securities and similar investments portfolio. In light of these conditions, during August and early September Capstead proactively reduced its balance sheet leverage by selling $809 million of its lower-yielding, faster prepaying agency-guaranteed securities incurring a loss on sale of $5.9 million and a loss of $2.3 million from terminating related longer-dated repurchase arrangements. These actions reduced the co’s investment portfolio to $4.8 billion at September 30, 2007 and reduced portfolio leverage (secured borrowings divided by long-term investment capital) from 11.5 to 1 at June 30, 2007 to 10.3 to 1 at September 30, 2007. As of September 30, 2007, Capstead’s book value per common share was $7.57, a decline of $0.56 from December 31, 2006.
16:50 RADS Radiant Systems reports EPS in-line, misses on revs; guides Q4 EPS in-line, revs below consensus (17.32 -0.63)

Reports Q3 (Sep) earnings of $0.19 per share, excluding non-recurring items, in-line with the Reuters Estimates consensus of $0.19; revenues rose 8.5% year/year to $62.5 mln vs the $65.6 mln consensus. Co issues guidance for Q4, sees EPS of $0.21-0.22 vs. $0.22 consensus; sees Q4 revs of $67.5-69 mln vs. $70.33 mln consensus.
16:49 DXPE DXP Enterprises beats by $0.08, beats on revs (40.34 -0.80)

Reports Q3 (Sep) earnings of $0.65 per share, $0.08 better than the Reuters Estimates consensus of $0.57; revenues rose 56.8% year/year to $106.8 mln vs the $98.2 mln consensus.
16:48 CNET prelim $0.04 vs $0.02 Reuters consensus, $0.03 First Call; revs $99.50 mln vs $99.36 mln Reuters consensus

16:48 MTH Meritage reports Q3 (Sep) results, beats on revs (15.99 +0.22)

Reports Q3 (Sep) loss of $4.52 per share, includes pre-tax non-cash real estate-related and joint venture valuation adjustments totaling $172 mln and goodwill-related write-off of $45 mln, may not be comparable to the Reuters Estimates consensus of ($2.15); revenues fell 34.4% year/year to $574.7 mln vs the $555.6 mln consensus.
16:48 STMP Stamps.com beats by $0.01, reports revs in-line; guides FY07 EPS in-line, revs in-line (12.86 -0.14)

Reports Q3 (Sep) earnings of $0.12 per share, $0.01 better than the Reuters Estimates consensus of $0.11; revenues rose 7.4% year/year to $20.3 mln vs the $20.4 mln consensus. Co issues in-line guidance for FY07, sees EPS of $0.47-$0.52 vs. $0.50 consensus; sees FY07 revs of $85-$90 vs. $87.60 mln consensus.
16:47 FALC FalconStor Sftwr reports Q3 (Sep) results, beats on revs (12.34 -0.81)

Reports Q3 (Sep) earnings of $0.12 per share, incl option expense and tax benefit, may not be comparable to the Reuters Estimates consensus of $0.06; revenues rose 42.3% year/year to $18.5 mln vs the $18 mln consensus.
16:47 COHU Cohu misses by $0.01, reports revs in-line; guides Q4 revs below consensus (17.84 -0.32)

Reports Q3 (Sep) earnings of $0.10 per share, $0.01 worse than the Reuters Estimates consensus of $0.11. Co issues downside guidance for Q4, sees Q4 revs of $57-$62 mln vs. $72.00 mln consensus.
16:46 LSCC Lattice Semi misses by $0.05, reports revs in-line; guides Q4 revs below consensus (4.30 +0.00)

Reports Q3 (Sep) loss of $0.04 per share, $0.05 worse than the Reuters Estimates consensus of $0.01; revenues fell 1.5% year/year to $58.3 mln vs the $58.8 mln consensus. Co issues downside guidance for Q4, sees Q4 revs of $57-59 vs. $61.14 mln consensus. For Q4, gross margin percentage is expected to be approximately 55%.
16:46 FMD First Marblehead beats by $0.05, beats on revs

Reports Q1 (Sep) earnings of $1.80 per share, $0.05 better than the Reuters Estimates consensus of $1.75; revenues rose 25.4% year/year to $380 mln vs the $363.1 mln consensus.
16:45 KLAC KLA-Tencor reports EPS in-line, beats on revs (52.59 )

Reports Q1 (Sep) earnings of $0.75 per share, excluding multiple non-recurring items, in-line with the Reuters Estimates consensus of $0.75; revenues rose 10.1% year/year to $693 mln vs the $684 mln consensus.
16:45 CENX Century Aluminum misses by $0.10, beats on revs (57.64 +1.81)

Reports Q3 (Sep) earnings of $1.24 per share, $0.10 worse than the Reuters Estimates consensus of $1.34; revenues rose 19.2% year/year to $454.4 mln vs the $439.6 mln consensus. We expect to complete the latest 40,000 tonne expansion of the Grundartangi facility later this year, on schedule and on budget. The positive opinion by the Icelandic Planning Agency on the Environmental Impact Assessment for our proposed greenfield smelter at Helguvik is a significant milestone and we plan to begin preparing the site for construction by early next year.
16:45 MTH prelim ($4.52) may not be comparable to ($2.15) Reuters consensus, ($1.97) First Call; revs $574.7 mln vs $555.57 mln Reuters consensus

16:44 ELX Emulex beats by $0.02, reports revs in-line; guides Q2 EPS above consensus, revs above consensus

Reports Q1 (Sep) earnings of $0.27 per share, excluding non-recurring items, $0.02 better than the Reuters Estimates consensus of $0.25; revenues rose 14.5% year/year to $117.1 mln vs the $117.4 mln consensus. Co issues upside guidance for Q2, sees EPS of $0.30-0.32 vs. $0.29 consensus; sees Q2 revs of $129-133 mln vs. $127.30 mln consensus.
16:44 LAD Lithia Motors reports EPS in-line, misses on revs; issues Q4, Q1, Y08 guidance (15.99 -0.03)

Reports Q3 (Sep) earnings of $0.53 per share, in-line with the Reuters Estimates consensus of $0.53; revenues rose 3.0% year/year to $859.7 mln vs the $898.3 mln consensus. Co issues guidance for Q4, sees EPS of $0.26-0.31, may not be comparable to $0.31 consensus. Co issues guidance for Q1 (Mar), sees EPS of $0.25-0.30, may not be comparable to $0.31 consensus. Co issues guidance for FY08, sees EPS of $1.75-1.95, may not be comparable to $1.96 consensus. Briefing.com note: Guidance is based on income from continuing operations and assumes a steady pace of acquisitions, dispositions, and $0.15-0.20 of development costs associated with L2.
16:43 CENX Century Aluminum misses by $0.10, beats on revs (57.64 +1.81)

Reports Q3 (Sep) earnings of $1.24 per share, excluding charges, $0.10 worse than the Reuters Estimates consensus of $1.34; revenues rose 19.2% year/year to $454.4 mln vs the $439.6 mln consensus.
16:43 TZOO Travelzoo misses by $0.04, misses on revs (19.26 )

Reports Q3 (Sep) earnings of $0.14 per share, $0.04 worse than the Reuters Estimates consensus of $0.18; revenues rose 13.2% year/year to $19.9 mln vs the $20.2 mln consensus.
16:43 AXTI AXT Inc misses by $0.02; guides Q4 EPS and revs below consensus (5.93 -0.44)

Reports Q1 (Sep) earnings of $0.03 per share, $0.02 worse than the Reuters Estimates consensus of $0.05; revenues rose 7% year/year to $14.5 mln vs the $14.42 mln consensus. Co issues downside guidance for Q4, sees EPS of $0.03-$0.05 vs $0.06 consensus, sees revs of $15.3-$15.8 vs $15.94 consensus.
16:41 SUMRX End of Day Summary

Anyone watching the stock market all day, every day, has plenty of reason to be tired this week. Aside from all of the earnings news, the manic nature of the trading alone has been enough to put you on bed rest for a while… Thursday was certainly no exception as we once again witnessed another large sell-off only to see the stock market come barreling back in afternoon trading… At their lows for the day, reached right around 2:00 ET, the Dow, Nasdaq and S&P were down 127, 40, and 15 points, respectively. What doesn’t show up in those figures, though, are the gains that were registered in the early going. For added perspective, then, note that the swings between the high and low points for the Dow, Nasdaq and S&P were 193, 54 and 23 points, respectively… The initial move higher was fueled by encouraging earnings news from the likes of Motorola (MOT 19.30, +0.75), Aetna (AET 55.99, +3.09), Express Scripts (ESRX 60.94, +3.57) and Estee Lauder (EL 44.72, +1.40). Those companies, and others, helped offset disappointments from companies like Symantec (SYMC 18.50, -2.52), Dow Chemical (DOW 43.66, -0.32) and MBIA, Inc. (MBI 46.99, -8.20)… Buyers didn’t really pick up their efforts, though, until the September new home sales report hit the wires at 10:00 ET and helped mitigate the disappointment that followed weaker than expected durable orders and initial claims data… The headline of note was that new home sales increased 4.8% from August to an annualized rate of 770K units. The rally that followed the report, though, was certainly questionable when taking into account that the level of new home sales was in line with the consensus estimate and that it only showed growth because the prior month’s report showed a 7.6% downward revision to an annualized rate of 735K units… In due time, the new home sales enthusiasm faded and sellers returned in earnest upon hearing a rumor that Dow component AIG (AIG 61.79, -2.05) would soon be announcing a large write-down… The speculation surrounding AIG hit other financial stocks hard. At one point the S&P financial sector was down 2.3% Oil prices surging past $90 per barrel on supply concerns and news that the U.S. imposed new sanctions against Iran exacerbated the selling pressure… Things turned on a dime, however, as the rumors surrounding a potential AIG write-down got shot down. That paved the way for buyers to return to the action and they did so with some conviction as larger losses were pared considerably… The comeback effort was a broad-based affair. The financial sector (-0.6%) played an influential role, but at the end of the day, it still underperformed the broader market as did the consumer discretionary (-0.9%), technology (-0.3%), industrials (-0.5%) and telecom services (-0.6%) sectors… The utility sector (+2.0%) was the only sector to gain more than 1.0%, but its small weighting in the S&P meant it didn’t have the pull to make a bigger difference. The energy (+0.6%), health care (+0.4%), consumer staples (+0.4%) and materials (+0.5%) sectors were also among the leadership… Separately, the Treasury market lost some ground, but nothing too significant. The 10-year note slipped 7 ticks, bringing its yield up to 4.37%.
16:40 CALD Callidus Software reports Q3 (Sep) results, misses on revs; guides Q4 revs in-line (9.35 +0.11)

Reports Q3 (Sep) loss of $0.12 per share, includes items may not be comparable to the Reuters Estimates consensus of ($0.07). Co issues in-line guidance for Q4, sees Q4 revs of $28-30 vs. $31.20 mln consensus.
16:40 MFE McAfee beats by $0.04, reports revs in-line; guides Q4 EPS in-line, revs in-line (37.79 -1.54)

Reports Q3 (Sep) earnings of $0.44 per share, excluding non-recurring items, $0.04 better than the Reuters Estimates consensus of $0.40; revenues rose 11.9% year/year to $322 mln vs the $320.3 mln consensus. Co issues in-line guidance for Q4, sees EPS of $0.42-0.46, excluding non-recurring items, vs. $0.44 consensus; sees Q4 revs of $330-350 mln vs. $340.50 mln consensus. Briefing.com note: As previously announced, results are preliminary due to co’s need to restate its historical financial statements due to reflect additional non-cash charges. Co believes this restatement is likely to result in aggregate non-cash charges in the range of $100-150 mln.
16:39 JMBA Jamba announces preliminary Q3 revs of $83.2 mln, up 23.5% (5.72 -0.16)

Co announces preliminary Q3 revs of $83.2 mln vs $84.6 mln Reuters consensus. Co-owned same store comparable sales increased 3.8% and company-owned new store count increased by 24, bringing the number of co-owned store count to 470. JMBA has experienced some temporary store closures due to the fires in Southern California. 15 stores were closed on Monday, October 22; 12 on Tuesday, October 23; and 5 on Wednesday, October 24. Today, all stores are open in the region. The company continues to monitor the situation closely and will take whatever measures are required to ensure the safety of our team members and customers during this State of Emergency.
16:39 BLDR Builders Firstsource reports Q3 (Sep) results, misses on revs (9.80 +0.14)

Reports Q3 (Sep) loss of $0.33 per share, may not be comparable to the Reuters Estimates consensus of $0.25; revenues fell 27.4% year/year to $413.9 mln vs the $462.8 mln consensus. The company cannot predict the duration or severity of the current market conditions. Additionally, increased competitive pressure arising from the current operating conditions could continue to have a negative impact on gross margins.
16:38 VPRT Vistaprint beats by $0.02, beats on revs; guides Q2 EPS in-line, revs in-line; guides FY08 EPS in-line, revs in-line (39.27 +1.20)

Reports Q1 (Sep) earnings of $0.21 per share, $0.02 better than the Reuters Estimates consensus of $0.19; revenues rose 59.0% year/year to $79.5 mln vs the $76.4 mln consensus. Co issues in-line guidance for Q2, sees EPS of $0.27-$0.31 vs. $0.29 consensus; sees Q2 revs of $92-$98 vs. $93.90 mln consensus. Co issues in-line guidance for FY08, sees EPS of $1.10-$1.18 vs. $1.13 consensus; sees FY08 revs of $360-$380 vs. $372.58 mln consensus.
16:37 SWIR sees Q4 $0.42 vs $0.28 Reuters consensus; sees revs $125 mln vs $115.84 mln Reuters consensus

16:37 DV DeVRY beats by $0.18, beats on revs (40.03 +1.56)

Reports Q1 (Sep) earnings of $0.40 per share, excluding non-recurring items, $0.18 better than the Reuters Estimates consensus of $0.22; revenues rose 14.2% year/year to $250.3 mln vs the $241.6 mln consensus.
16:37 CSH Cash America reports EPS in-line, misses on revs; guides Q4 EPS in-line; guides FY08 EPS in-line (33.34 -0.19)

Reports Q3 (Sep) earnings of $0.55 per share, in-line with the Reuters Estimates consensus of $0.55; revenues rose 39.5% year/year to $231.5 mln vs the $236.6 mln consensus. Co issues in-line guidance for Q4, sees EPS of $0.84-$0.94 vs. $0.90 consensus. Co issues in-line guidance for FY08, sees EPS of $2.85-$3.05 vs. $3.00 consensus.
16:37 UNTD United Online beats by $0.02, reports revs in-line; guides Q4 revs in-line (15.24 -0.22)

Reports Q3 (Sep) earnings of $0.29 per share, excluding non-recurring items, $0.02 better than the Reuters Estimates consensus of $0.27; revenues fell 2.2% year/year to $126.8 mln vs the $126.5 mln consensus. Co issues in-line guidance for Q4, sees Q4 revs of $124.9-128.9 mln vs. $128.9 mln consensus.
16:36 SWIR prelim $0.33 vs $0.28 Reuters consensus, $0.27 First Call; revs $111.5 mln vs $109.70 mln Reuters consensus

16:35 COLM Columbia Sportswear beats by $0.13, reports revs in-line; guides FY07 EPS above consensus (51.24 -0.05)

Reports Q3 (Sep) earnings of $1.72 per share, $0.13 better than the Reuters Estimates consensus of $1.59; revenues rose 3.7% year/year to $471.1 mln vs the $466.8 mln consensus. Co issues upside guidance for FY07, sees EPS of $3.70 vs. $3.69 consensus. The co reported that as of Sept 30, 2007, spring backlog was essentially flat at $414.4 mln, compared to spring backlog of $414.5 mln at Sept 30, 2006. Consolidated product backlog, which includes both global fall and spring orders at Sept 30, 2007, was $692.7 mln, also essentially flat compared to consolidated product backlog of $693.9 mln at Sep 30, 2006.
16:35 BLG Building Materials misses by $0.18, misses on revs (9.09 -0.86)

Reports Q3 (Sep) earnings of $0.14 per share, $0.18 worse than the Reuters Estimates consensus of $0.32; revenues fell 24.4% year/year to $618 mln vs the $660.6 mln consensus.
16:34 RACK Rackable Systems beats by $0.07, misses on revs; guides FY07 revs in-line (13.02 -0.56)

Reports Q3 (Sep) earnings of $0.09 per share, $0.07 better than the Reuters Estimates consensus of $0.02; revenues rose 8.5% year/year to $87.2 mln vs the $90.1 mln consensus. Co issues in-line guidance for FY07, sees FY07 revs of $340-$360 vs. $350.26 mln consensus. See non-GAAP gross margin between 16% and 18% for the full year of 2007.
16:34 ZONS Zones reports Q3 EPS of $0.18 vs $0.14 in yr ago period; reports revs up 18.2% yr/yr to $163.0 mln with no estimates (11.17 +0.23)

16:34 SRCL Stericycle beats by $0.01, beats on revs (55.37 +1.01)

Reports Q3 (Sep) earnings of $0.37 per share, $0.01 better than the Reuters Estimates consensus of $0.36; revenues rose 16.7% year/year to $237.3 mln vs the $228 mln consensus.
16:34 CKFR CheckFree beats by $0.06, reports revs in-line; Co will not provide forward-looking financial expectations (47.45 -0.04)

Reports Q1 (Sep) earnings of $0.55 per share, $0.06 better than the Reuters Estimates consensus of $0.49; revenues rose 24.5% year/year to $284.7 mln vs the $287 mln consensus. Co says Given CKFR’s pending merger with Fiserv, the Co will not provide forward-looking financial expectations and will not be hosting an earnings conference call.
16:34 HAR Harman beats by $0.11, reports revs in-line (82.90 )

Reports Q1 (Sep) earnings of $0.62 per share, $0.11 better than the Reuters Estimates consensus of $0.51; revenues rose 14.7% year/year to $947 mln vs the $951.1 mln consensus.
16:34 CENX prelim $1.24 vs $1.34 Reuters consensus, $1.35 First Call; revs $454.4 mln vs $439.62 mln Reuters consensus

16:33 AACC Asset Acceptance Capital announces impairments; sees Q3 EPS of ($0.01)-($0.05) vs $0.26 Reuters consensus (10.95 -0.05)

Co reported that it would incur net impairments on its purchased receivables in the range of $13.0-15.0 mln, or $0.27 to $0.31 per share net of taxes, in the third quarter of 2007 after a review of the co’s models for projecting future collections on its purchased receivables portfolios. The net impairments will reduce purchased receivable revenues by $13.0-15.0 mln, but do not require the future outlay of any cash. The co expects more than 95% of the impairments to come from portfolios acquired in the third quarter of 2005 or earlier. Additionally, the Company announced that as a result of the review of its cash collection projection models, it will be extending the lives on many portfolios acquired in 2004 and later up to 84 months. The impairments follow the co’s review and revision of its estimates of future collections on (i) portfolios acquired in 2004 with significant remaining carrying values and (ii) all non-medical portfolios acquired in 2005 and 2006, which the Company believes will result in less volatility in purchased receivable revenues in future periods. Co sees Q3 EPS of ($0.01)-($0.05) vs $0.26 Reuters consensus.
16:33 XXIA Ixia beats by $0.01, beats on revs (9.16 -0.35)

Reports Q3 (Sep) earnings of $0.08 per share, excluding non-recurring items, $0.01 better than the Reuters Estimates consensus of $0.07; revenues fell 20.3% year/year to $44 mln vs the $42.8 mln consensus.
16:33 IKAN Ikanos Comms beats by $0.02, reports revs in-line; guides Q4 revs below consensus (6.04 -0.01)

Reports Q3 (Sep) loss of $0.17 per share, $0.02 better than the Reuters Estimates consensus of ($0.19); revenues rose 6.2% year/year to $27.3 mln vs the $27.2 mln consensus. Co issues downside guidance for Q4, sees Q4 revs of $29-31 vs. $31.80 mln consensus.
16:32 VSEA Varian Semi beats by $0.02, beats on revs; guides Q1 EPS below consensus, revs below consensus (47.60 -3.92)

Reports Q4 (Sep) earnings of $0.55 per share, $0.02 better than the Reuters Estimates consensus of $0.53; revenues rose 40.2% year/year to $298.7 mln vs the $294.6 mln consensus. Co issues downside guidance for Q1, sees EPS of $0.53-0.58 vs. $0.66 consensus; sees Q1 revs of $250-260 mln vs. $278.29 mln consensus.
16:32 ZIGO Zygo reports EPS in-line, beats on revs; guides FY08 revs in-line (12.13 +0.13)

Reports Q1 (Sep) loss of $0.05 per share, in-line with the single estimate of ($0.05); revenues fell 22.9% year/year to $31.7 mln vs the $31.3 mln estimate. Co issues in-line guidance for FY08, sees FY08 rev down 5-10% yr/yr or roughly $162.9-171.95 mln vs. $170.50 mln estimate.
16:32 WCG WellCare Group responds to government investigation; says has been in contact with key constituents, including state and federal regulators in each of the co’s markets (42.67 -72.50)

The co announces it is taking the following actions in response to the investigation “Been in direct contact with its Board of Directors, including members of the audit committee; Committed to cooperating with the federal and state authorities involved in the investigation; Retained the law co of King & Spalding and Greenburg Traurig to assist the co with responding to the investigation; Engaged with the co’s auditors, Deloitte & Touche; Been in contact with key constituents, including state and federal regulators in each of the co’s mkts.”
16:31 BJRI BJ Restaurants reports EPS in-line, revs in-line (18.89 -0.10)

Reports Q3 (Sep) earnings of $0.12 per share, in-line with the Reuters Estimates consensus of $0.12; revenues rose 30.3% year/year to $80.4 mln vs the $80.8 mln consensus.
16:31 STMP sees FY07 $0.47-0.52 vs $0.50 Reuters consensus; sees revs $85-90 mln vs $87.60 mln Reuters consensus

16:31 VSEA sees Q1 $0.53-0.58 vs $0.66 Reuters consensus; sees revs $250-260 mln vs $278.29 mln Reuters consensus

16:30 STMP prelim $0.12 vs $0.11 Reuters consensus; revs $20.3 mln vs $20.37 mln Reuters consensus

16:30 FII Fed Investors beats by $0.01, reports revs in-line (40.52 +0.03)

Reports Q3 (Sep) earnings of $0.57 per share, $0.01 better than the Reuters Estimates consensus of $0.56; revenues rose 17.2% year/year to $286 mln vs the $286.1 mln consensus. “The long-term credit and risk management strength of Federated’s money market franchise positioned our products well for the unsettled credit markets of the third quarter. As a result, we were able to substantially grow our money market mutual fund assets,” said J. Christopher Donahue, president and CEO. “The economic outlook and market conditions are positive for growth in our money market funds.”
16:30 VSEA prelim $0.55 vs $0.53 Reuters consensus; revs $298.7 mln vs $294.56 mln Reuters consensus

16:30 TELK Telik announces preclinical data demonstrating anti-cancer activity of dual inhibitors of Aurora Kinase and VEGFR2 (3.84 +0.03)

The co announces that its reporting positive preclinical data from its ongoing program to develop novel small molecule inhibitors of validated cancer targets including aurora kinases and VEGFR2… Telik scientists have identified a class of selective small molecule inhibitors of aurora kinase A and B and VEGFR2. Treatment of human colorectal cancer cells with two of these inhibitors, A60 and EA19, prevented cell division, ultimately leading to cancer cell apoptosis. These same compounds are potent inhibitors of VEGF-dependent human endothelial cell proliferation. These agents demonstrated significant inhibition of tumor growth in a standard xenograft model of human colorectal cancer.
16:30 TZOO prelim $0.14 vs $0.18 Reuters consensus; revs $19.9 mln vs $20.18 mln Reuters consensus

16:30 AMCC Applied Micro reports EPS in-line, beats on revs; says should be profitable in Q4

Reports Q2 (Sep) loss of $0.01 per share, excluding non-recurring items, in-line with the Reuters Estimates consensus of ($0.01); revenues fell 23.8% year/year to $58.2 mln vs the $56.9 mln consensus. “The second quarter was a challenge operationally as we put in place the planned initiatives to reduce operating expenses. With this now in place I anticipate that further revenue growth combined with reduced operating expenses will return us to non-GAAP profitability in the December quarter.” (Q4 consensus is $0.00).
16:30 SCOR ComScore — would watch as a sympathy play on VSCN getting bought (35.28 -1.40) -Update-

16:30 WEN Wendy’s reports EPS in-line, revs in-line; guides FY07 EPS in-line (34.03 +0.7

Reports Q3 (Sep) earnings of $0.33 per share, in-line with the Reuters Estimates consensus of $0.33; revenues rose 0.2% year/year to $631.1 mln vs the $629.4 mln consensus. Co issues in-line guidance for FY07, sees EPS of $1.09-$1.23 vs. $1.12 consensus. Mgmt expects to produce 2007 full-year EBITDA near the higher end of the guidance range, which was $295-$315 mln
16:29 NTGR NETGEAR beats by $0.02, beats on revs; guides Q4 revs above consensus (31.49 +0.19)

Reuters Estimates is telling us that the Q3 (Sep) earnings of $0.40 per share, excluding $811,000 of adjustments related to amortization of purchased intangibles and acquisition related retention bonuses, net of taxes, related to recent acquisitions and $124,000 in litigation reserves, net of tax, is comparable to the $0.38 Reuters consensus; revenues rose 26.5% year/year to $191.7 mln vs the $181 mln consensus. Co issues upside guidance for Q4, sees Q4 revs of $195-200 vs. $190.41 mln consensus.
16:28 FVRL Favrille reports Q3 (3.00 +0.02)

Co reports Q3 EPS of ($0.37) vs ($0.3 consensus.
16:27 BOOM Dynamic Materials beats by $0.08, beats on revs; guides for Q4

Reports Q3 (Sep) earnings of $0.58 per share, $0.08 better than the Reuters Estimates consensus of $0.50; revenues rose 69.1% year/year to $42.1 mln vs the $35.7 mln consensus. Co “expects sales and earnings results for the 2007 fourth quarter will likely approximate those of the third quarter” (which is roughly in-line with Q4 EPS/rev consensus of $0.57/$41.2 mln).
16:27 TMWD Tumbleweed Comms reports Q3 results in-line; issues Q4 results below consensus (1.81 +0.01)

Reports Q3 (Sep) loss of $0.03 per share, in-line with the Reuters Estimates consensus of ($0.03). Co issues below guidance for Q4 (Dec), sees EPS of (0.03)-(0.05) vs. ($0.02) consensus; sees Q4 (Dec) revs of 13-14.5 vs. $15.37 mln consensus.
16:26 YRCW YRC Worldwide misses by $0.28, misses on revs; industry continues to be impacted by lower volumes (25.69 )

Reports Q3 (Sep) earnings of $0.70 per share, $0.28 worse than the Reuters Estimates consensus of $0.98; revenues fell 4.4% year/year to $2.46 bln vs the $2.51 bln consensus. “The transportation industry continues to be impacted by lower volumes,” Zollars stated, “and the economic outlook is uncertain. Our results will continue to be impacted by the soft economy.” The co expects interest expense of approximately $90 mln. Co says 2007 gross capital expenditures in the range of $375 to $400 mln and disposals of approximately $50 mln.
16:26 RRR RSC Holdings reports EPS in-line, misses on revs; reaffirms Y07 guidance (13.90 +0.05)

Reports Q3 (Sep) earnings of $0.45 per share, in-line with the Reuters Estimates consensus of $0.45; revenues rose 8.0% year/year to $462 mln vs the $468.7 mln consensus. Co reaffirms Y07 guidance based on traditional seasonality patterns and current pricing trends. Co reaffirms Y07 guidance of EPS of $1.36-1.50 vs $1.46 consensus; sees revs of $1.78-1.81 bln vs $1.78 bln consensus. For Y08, independent research firms are projecting that the co’s major markets will increase at a low to mid single-digit range.
16:25 BFAM Bright Horiz Family reports EPS in-line, revs in-line (38.34 -0.4

Reports Q3 (Sep) earnings of $0.38 per share, in-line with the Reuters Estimates consensus of $0.38; revenues rose 10.1% year/year to $189.5 mln vs the $190.1 mln consensus.
16:25 CPTS Conceptus misses by $0.01; guides Q4 EPS in-line, guides Q4 revs in-line (19.52 +0.06)

Reports Q3 (Sept) ($0.09) per share, $0.01 worse than the Reuters Estimates consensus of ($0.08); revenues rose 49.0% year/year to $16.4 mln vs the $15.9 mln consensus. Co sees Q4 EPS of ($0.01) - ($0.04) vs ($0.03) Reuters consensus; sees Q4 revs of $17.5-18.5 mln vs $18.2 mln Reuters consensus.
16:24 CNET CNET announces sale of Webshots to American Greetings (AM) for $45 mln (8.03 -0.19)

Co announces the sale of its Webshots business to American Greetings (AM), effective immediately, for approx $45 mln in cash. Further information regarding the transaction will be provided on the CNET 3Q07 conference call today, Oct 25 at 5:00 EST.
16:24 AVID Avid Tech beats by $0.04, misses on revs

Reports Q3 (Sep) earnings of $0.37 per share, excluding non-recurring items, $0.04 better than the Reuters Estimates consensus of $0.33; revenues fell 1.9% year/year to $226.8 mln vs the $229.2 mln consensus.
16:23 HIG prelim $2.68 vs $2.45 Reuters consensus, $2.47 First Call

16:23 DECK Deckers Outdoor beats by $0.24, beats on revs; updates Q4 guidance (113.09 -2.97)

Reports Q3 (Sep) earnings of $1.47 per share, $0.24 better than the Reuters Estimates consensus of $1.23; revenues rose 57.2% year/year to $129.4 mln vs the $121.4 mln consensus. The co is also increasing its 4Q07 rev target to approximately 35% YoY (calculates to roughly $167.9 mln) vs $165.4 mln consensus; and its EPS to approximately 15% YoY (calucalulates to roughly $2.0 vs $2.06 consensus, before the restatement adjustment and impairment charge. This is up from its previous revenue and diluted earnings per share growth targets of 30% and 10%, respectively.
16:22 ACAP American Phys beats by $0.27, beats on revs (40.82 +0.62)

Reports Q3 (Sep) earnings of $1.21 per share, $0.27 better than the Reuters Estimates consensus of $0.94; revenues fell 6.3% year/year to $46.3 mln vs the $45.8 mln consensus.
16:21 MMSI Merit Medical beats by $0.01, reports revs in-line (12.86 -0.25)

Reports Q3 (Sep) earnings of $0.15 per share, $0.01 better than the Reuters Estimates consensus of $0.14; revenues rose 8.4% year/year to $50.6 mln vs the $50.6 mln consensus.
16:21 VSCN Omniture to acquire Visual Sciences (16.72 -0.65)

Omniture (OMTR), a leading provider of online business optimization software, today announced a definitive agreement to acquire Visual Sciences (VSCN) in a stock and cash transaction valued at approx $394 mln. Under the terms of the agreement, VSCN shareholders will receive $2.39 in cash per share and a fixed exchange ratio of 0.49 shares of OMTR stock for each VSCN share, on a fully diluted basis. Based upon OMTR’s closing price on Wednesday, October 24, 2007, this yields a total consideration of $18.04 per share. Upon the close of the transaction, VSCN stockholders will own approx 13.7% of the combined company on a pro forma basis. The transaction is currently expected to be accretive to earnings immediately after closing on a non-GAAP basis. Due to purchase accounting, the co’s target of accretive to earnings on a non-GAAP basis assumes no adverse impact from the loss of deferred revenue following the close.
16:20 BJRI prelim $0.12 vs $0.12 Reuters consensus; revs $80.4 mln vs $80.78 mln Reuters consensus

16:20 IBKR Interactive Brokers beats by $0.20, beats on revs (32.73 +0.83)

Reports Q3 (Sep) earnings of $0.53 per share, $0.20 better than the Reuters Estimates consensus of $0.33; revenues rose 31.0% year/year to $445.1 mln vs the $356 mln consensus. “The third quarter was an all time record for us, both in our brokerage and in our market making businesses, as both segments benefited from increased volatility and trading volumes in the exchange-listed derivatives space.. Our record results in market making, in a quarter that was challenging for many of our competitors, demonstrate the advantages of our automated systems that adapt quickly to turbulent markets where liquidity is most needed.”
16:20 ACN Accenture approves additional $3 bln for share repurchases (38.51 -0.62)

16:19 MCRL Micrel reports EPS in-line, misses on revs; approves share repurchase of $50 mln (9.69 -0.12)

Reports Q3 (Sep) earnings of $0.14 per share, excluding non-recurring items, in-line with the Reuters Estimates consensus of $0.14; revenues fell 11.3% year/year to $65.2 mln vs the $68.2 mln consensus. Co issues guidance for Q4, sees GAAP EPS of $0.13, may not be comparable to $0.15 consensus; sees revs up 2-4% q/q, which equates to $66.5-67.8 mln vs $70.97 mln consensus. Co announces that its Board of Directors approved a $50 mln share repurchase program for Y08.
16:19 LSCC sees Q4 revs $57-59 mln vs $61.1 mln Reuters consensus

16:18 LSCC prelim ($0.04) vs $0.01 Reuters consensus; revs $58.3 mln vs $58.8 mln Reuters consensus

16:18 MOBE Mobility Elec beats by $0.03, beats on revs; guides Q4 EPS in-line, revs below consensus (3.74 +0.02)

Reports Q3 (Sep) net of breakeven, excluding non-recurring items, $0.03 better than the Reuters Estimates consensus of ($0.03); revenues fell 21.4% year/year to $19 mln vs the $16.6 mln consensus. Co guidance for Q4, sees EPS of ($0.02)-($0.01) vs. ($0.01) consensus; sees Q4 revs of $16-17 mln vs. $18.29 mln consensus.
16:18 ELX sees Q2 $0.30-0.32 vs $0.29 Reuters consensus; sees revs $129-133 mln vs $127.30 mln Reuters consensus

16:18 ARBA Ariba misses by $0.01, reports revs in-line (11.20 -0.25)

Reports Q4 (Sep) earnings of $0.07 per share, $0.01 worse than the Reuters Estimates consensus of $0.08; revenues rose 4.3% year/year to $75.5 mln vs the $75 mln consensus.
16:17 CSH sees FY08 $2.85-3.05 vs $3.00 Reuters consensus

16:17 ELX prelim $0.27 vs $0.25 Reuters consensus; revs $117.1 mln vs $117.37 mln Reuters consensus

16:17 CSH sees Q4 $0.84-0.94 vs $0.90 Reuters consensus

16:17 COLM sees FY07 $3.70 vs $3.69 Reuters consensus

16:17 KLAC prelim GAAP EPS $0.46, not comparable to $0.75 Reuters consensus, $0.76 First Call; revs $693.0 mln vs $684.02 mln Reuters consensus

16:16 MSFT Microsoft beats by $0.06, beats on revs; guides Q2 EPS in-line, revs in-line; guides FY08 EPS above consensus, revs in-line (32.03 +0.7

Reports Q1 (Sep) earnings of $0.45 per share, $0.06 better than the Reuters Estimates consensus of $0.39; revenues rose 27.3% year/year to $13.76 bln vs the $12.54 bln consensus. Co issues in-line guidance for Q2, sees EPS of $0.44-0.46 vs. $0.44 consensus; sees Q2 revs of $15.6-16.1 bln vs. $15.59 bln consensus. Co issues upside EPS guidance for FY08, sees EPS of $1.79-1.82, exlcuidng $0.01 charge, vs. $1.73 consensus; sees FY08 revs of $58.8-59.7 bln vs. $57.32 bln consensus. Co said, its businesses of Client, Microsoft Business Division, and Server and Tools grew combined revenue in excess of 20%, and experienced robust demand for Windows Vista, the 2007 Microsoft Office system, Windows Server, and SQL Server.
16:16 COLM prelim $1.72 vs $1.59 Reuters consensus; revs $471.1 mln vs $466.78 mln Reuters consensus

16:16 TRID Trident Microsystems beats by $0.06, misses on revs; issues downside Q2 guidance (12.21 -0.93)

Reports Q1 (Sep) earnings of $0.38 per share, excluding non-recurring items, $0.06 better than the Reuters Estimates consensus of $0.32; revenues rose 24.9% year/year to $88.2 mln vs the $90.2 mln consensus. Co sees Q2 revs of $70-72 mln vs $91.66 mln consensus. Co plans to resume rev growth in 2H of Y08.
16:16 POWI expects its revenues and gross margins for the fourth quarter of 2007 to be similar to the third-quarter levels.

16:16 CSH prelim $0.55 vs $0.55 Reuters consensus; revs $231.5 mln vs $236.58 mln Reuters consensus

16:16 THRX prelim ($0.53) vs ($0.61) Reuters consensus; revs $5.7 mln vs $7.78 mln Reuters consensus

16:16 XXIA prelim $0.08 vs $0.07 Reuters consensus; revs $44.0 mln vs $42.82 mln Reuters consensus

16:15 FDRY Foundry Ntwks beats by $0.06, beats on revs (18.01 -0.50)

Reports Q3 (Sep) earnings of $0.18 per share, $0.06 better than the Reuters Estimates consensus of $0.12; revenues rose 35.2% year/year to $159.5 mln vs the $148.1 mln consensus.
16:15 POWI prelim $0.36, ex-items, vs $0.32 Reuters consensus, $0.33 First Call; revs $49.8 mln vs $46.40 mln Reuters consensus

16:15 TRID prelim $0.38 vs $0.32 Reuters consensus; revs $88.2 mln vs $90.24 mln Reuters consensus

16:15 IKAN sees Q4 revs $29-31 mln vs $31.8 mln Reuters consensus

16:14 EPAY Bottomline Tech beats by $0.05, reports revs in-line

Reports Q1 (Sep) earnings of $0.16 per share, $0.05 better than the Reuters Estimates consensus of $0.11; revenues rose 24.6% year/year to $31.4 mln vs the $31.4 mln consensus.
16:14 ESLR Evergreen Solar beats by $0.02, misses on revs; guides Q4 EPS in-line, revs in-line (9.23 -0.24)

Reports Q3 (Sep) loss of $0.04 per share, $0.02 better than the Reuters Estimates consensus of ($0.06); product revenues rose 14.9% year/year to $15.4 mln, may not be comparable to the $17.1 mln consensus. Co issues in-line guidance for Q4, sees EPS of ($0.04) vs. ($0.04) consensus; sees Q4 product revs of $16.0-16.5 mln, may not be comparable to $18.16 mln consensus.
16:14 Trading Halts: DECK, TSS, SNV, BLG, VSCN

16:13 PKI sees Q4 $0.42-0.44 vs $0.43 Reuters consensus

16:13 MSFT sees FY08 $1.79-1.82, ex $0.01 charge, vs $1.73 Reuters consensus; sees revs $58.8-59.7 bln vs $57.32 bln Reuters consensus

16:12 PWER sees Q4 ($0.03)- (-0.06) vs ($0.04) Reuters consensus; sees revs $130-135 mln vs $134.00 mln Reuters consensus

16:12 IKAN prelim ($0.17) vs ($0.19) Reuters consensus; revs $27.3 mln vs $27.18 mln Reuters consensus

16:12 PKI prelim $0.33 vs $0.32 Reuters consensus; revs $435.7 mln vs $428.72 mln Reuters consensus

16:12 MSFT sees Q2 $0.45-0.47, ex $0.01 charge, vs $0.44 Reuters consensus; sees revs $15.6-16.1 bln vs $15.59 bln Reuters consensus

16:12 IM Ingram Micro beats by $0.02, beats on revs; guides Q4 EPS in-line, revs above consensus (19.41 -0.52)

Reports Q3 (Sep) earnings of $0.41 per share, $0.02 better than the Reuters Estimates consensus of $0.39; revenues rose 14.6% year/year to $8.61 bln vs the $8.39 bln consensus. Co issues guidance for Q4, sees EPS of $0.58-0.61 vs. $0.59 consensus; sees Q4 revs of $9.70-9.95 bln vs. $9.61 bln consensus.
16:12 GNW prelim $0.83 vs $0.77 Reuters consensus; revs $2.88 bln vs $2.88 bln Reuters consensus

16:11 GNW sees FY07 $3.00-3.10 vs $3.10 Reuters consensus

16:11 PWER prelim ($0.05), ex-items, vs ($0.0 Reuters consensus; revs $131.50 mln vs $126.80 mln Reuters consensus

16:11 DRIV Digital River reports EPS in-line, beats on revs; guides Q4 EPS below consensus, revs above consensus

Reports Q3 (Sep) earnings of $0.41 per share, in-line with the Reuters Estimates consensus of $0.41; revenues rose 9.6% year/year to $82.5 mln vs the $81.6 mln consensus. Co issues mixed guidance for Q4, sees EPS of $0.53 vs. $0.54 consensus; sees Q4 revs of $96 mln vs. $93.93 mln consensus.
16:11 GNW prelim $0.76 vs $0.77 Reuters consensus; revs $2.88 bln vs $2.88 bln Reuters consensus

16:11 MSFT prelim $0.45 vs $0.39 Reuters consensus; revs $13.76 bln vs $12.54 bln Reuters consensus

16:11 GNW prelim $0.76 vs $0.77 Reuters consensus

16:10 MSFT prelim $0.45 vs $0.39 Reuters consensus; revs $13.76 bln vs $12.54 bln Reuters consensus

16:10 DBTK sees Q4 $0.15-0.16 vs $0.15 Reuters consensus; sees revs $23.1-23.6 mln vs $23.36 mln Reuters consensus

16:10 KCP Kenneth Cole reports EPS in-line, misses on revs; guides Q4 EPS below consensus, revs in-line (17.39 -0.23)

Reports Q3 (Sep) earnings of $0.17 per share, in-line with the Reuters Estimates consensus of $0.17; revenues fell 9.3% year/year to $130.3 mln vs the $133.3 mln consensus. Co issues mixed guidance for Q4, sees EPS of $0.11-0.13 vs. $0.22 consensus; sees Q4 revs of $130-135 mln, excluding non-recurring items, vs. $130.61 mln consensus.
16:10 UNTD prelim $0.29 vs $0.27 Reuters consensus; revs $126.8 mln vs $126.49 mln Reuters consensus

16:10 DBTK prelim $0.17 vs $0.12 Reuters consensus; revs $21.3 mln vs $20.74 mln Reuters consensus

16:09 ACAP prelim $1.21 vs $0.94 Reuters consensus

16:09 WFR MEMC Elec beats by $0.01, reports revs in-line; guides Q4 revs in-line (59.30 -2.89)

Reports Q3 (Sep) earnings of $0.81 per share, $0.01 better than the Reuters Estimates consensus of $0.80; revenues were unchanged from the year-ago period at $472.8 mln. Co issues in-line guidance for Q4, sees Q4 revs of $540-545 mln vs. $541.95 mln consensus.
16:09 CRXX CombinatoRx publishes clinical study results of CRx-102 in hand osteoarthritis; Results published in annals of rheumatic diseases (5.25 -0.52)

The co announces “Annals of the Rheumatic Diseases has published the results of its CRx-102 Phase 2a hand osteoarthritis trial. The manuscript entitled “Efficacy and Safety of a Novel Synergistic Drug Candidate - CRx-102 - in Hand Osteoarthritis”, Kvien, et.al. was pre-published on-line and will run in an upcoming print edition. Annals of Rheumatic Diseases is the peer reviewed European League Against Rheumatism journal for rheumatic disease health professionals and researchers. “This study demonstrated that the synergistic combination drug candidate, CRx-102, is effective at reducing pain in hand osteoarthritis, and warrants further clinical investigation,” commented Tore K. Kvien, MD, Professor of Rheumatology, Diakonhjemmet Hospital, Oslo, Norway, and principal investigator of the study. “Based on the encouraging data summarized in Dr, Kvien’s article, we have recently initiated a Phase 2b trial, COMET-1, to evaluate the efficacy of CRx-102 in subjects with symptomatic knee osteoarthritis. The COMET-1 trial will further examine the role CRx-102 could play in filling the gap in treatment options for patients with osteoarthritis,” added Daniel Grau, Chief Operating Officer of CombinatoRx. CRx-102 will also be tested in rheumatoid arthritis in the Phase 2b MARS-1 study, set to initiate in the 4Q of 2007.
16:09 RACK sees revs $340-360 mln vs $350.26 mln Reuters consensus

16:09 BLG prelim $0.14 vs $0.32 Reuters consensus, $0.31 First Call; revs $618 mln vs $660.63 mln Reuters consensus

16:09 COHU prelim $0.10 vs $0.11 Reuters consensus; revs $64.5 mln vs single analyst estimate of $64.0 mln

16:08 FALC prelim $0.12 vs $0.06 Reuters consensus; revs $18.5 mln vs $17.98 mln Reuters consensus

16:08 CKH prelim $2.66 vs $2.14 Reuters consensus; revs $359.92 mln vs $330.30 mln First Call (there is no Reuters rev est)

16:08 HAR prelim $0.55 vs $0.51 Reuters consensus; revs $946.96 mln vs $951.13 mln Reuters consensus

16:07 OSIP prelim $0.59 vs $0.40 Reuters consensus, $0.41 First Call; revs $100 mln vs $86.62 mln Reuters consensus

16:07 IWOV prelim revs of $55.5 mln vs $55.4 mln Reuters consensus; not providing other financial information due to co’s voluntary review of its historical stock option grant procedures is not complete

16:07 AXTI sees Q4 $0.03-0.05 vs $0.06 Reuters consensus; sees revs $15.3-15.8 mln vs $15.94 mln Reuters consensus

16:07 VPRT sees FY08 $1.10-1.18 vs $1.13 Reuters consensus; sees revs $360-380 mln vs $372.58 mln Reuters consensus

16:07 FII prelim $0.57 vs $0.56 Reuters consensus; revs $285.96 mln vs $286.14 mln Reuters consensus

16:06 FVRL Favrille provides update on timing of analysis from pivotal phase 3 clinical trial (3.00 +0.02)

Co announces that an independent Data Monitoring Board was recently convened to assess time to tumor progression for patients in the control group of the co’s pivotal Phase 3 clinical trial of FavId. The DMB assessment, which was conducted in accordance with the clinical protocol under Favrille’s Special Protocol Assessment with the FDA, indicated that the control group behavior is consistent with data reported in the published literature. Based in part on the guidance provided by the DMB, Favrille has determined April 2008 to be the appropriate time for data cutoff of the Phase 3 trial. The co anticipates that the analysis of the data will be completed and made available no later than July 2008.
16:06 RACK sees Non-GAAP gross margin between 16% and 18% for the full year of 2007

16:06 ESLR Evergreen Solar announces expansion plans for EverQ using Quad Technology; Partners agree to an IPO Framework for EverQ (9.23 -0.24)

The co announces “Evergreen Solar, Renewable Energy, and Q-Cells, equal partners in EverQ, have approved the construction of a third integrated wafer, cell and panel facility and that the partners have begun planning an initial public offering for EverQ. The new EverQ facility will open in early 2009 in Thalheim, Germany, cost approximately EUR 125 mln, net of government grants, and increase EverQ’s production capacity from 100 MW to approximately 180 MW. The partners also agreed to expand EverQ’s production capacity to approximately 600 MW by 2012. To support the further growth ambitions of EverQ to 600 MW, REC has offered an additional supply agreement for polysilicon of approximately 4,000 MT beginning in 2010 and continuing through 2015 at market pricing competitive with long-term contracts. Total polysilicon volumes supplied by REC to EverQ under the existing and new agreements could potentially reach 2,100 MT per year… The new EverQ facility will license Evergreen Solar’s revolutionary Quad furnace technology with its state of the art automated ribbon cutting technology.. Although the specific timing of an IPO is still to be determined, Evergreen Solar, REC, and Q-Cells have executed a binding memorandum of understanding detailing the required steps to prepare EverQ for its IPO.”
16:06 SCSC sees Q2 revs $550-570 mln vs $522.47 mln Reuters consensus

16:06 AVID prelim $0.37 vs $0.33 Reuters consensus; revs $226.8 mln vs $229.18 mln Reuters consensus

16:06 VPRT sees Q2 $0.27-0.31 vs $0.29 Reuters consensus; sees revs $92-98 mln vs $93.90 mln Reuters consensus

16:06 AXTI prelim $0.03 vs $0.05 Reuters consensus; revs $14.5 mln vs $14.42 mln Reuters consensus

16:06 YRCW prelim $0.70 vs $0.98 Reuters consensus; revs $2.46 bln vs $2.51 bln Reuters consensus

16:06 VPRT prelim $0.21 vs $0.19 Reuters consensus; revs $79.5 mln vs $76.35 mln Reuters consensus

16:06 FMD prelim $1.80 vs $1.75 Reuters consensus, $1.76 First Call; revs $380 mln vs $363.09 mln Reuters consensus

16:06 RACK prelim $0.09 vs $0.02 Reuters consensus; revs $87.2 mln vs $90.12 mln Reuters consensus

16:06 OPWV prelim ($0.04) vs ($0.06) Reuters consensus, ($0.05) First Call; revs $63.0 mln vs $65.69 mln Reuters consensus

16:06 SCSC prelim $0.56 vs $0.49 Reuters consensus, $0.48 First Call; revs $553.7 mln vs $550.83 mln Reuters consensus

16:05 PRST Presstek Targets $20 mln in annual operating profit improvements (6.41 -0.03)

The co announces “a business improvement plan targeting $20 mln of annual operating profit improvements. The plan involves virtually every aspect of the business and includes creating greater efficiencies, productivity enhancements, right-sizing of operating expenses, and optimization of resources. The co has also identified additional potential cash flow improvements of $25 mln, primarily through working capital reductions and the proposed sale of selected real estate assets…Presstek’s President and CEO, Jeff Jacobson said, ‘We have developed a pathway to achieve, over the next 18 to 24 months, a goal in the range of 10% operating profit. The cash generated through these improvements will allow us to invest in our strategic vision while enabling us to achieve sustained profitability for years to come.’”
16:05 FDRY prelim $0.18 vs $0.12 Reuters consensus; revs $159.5 mln vs $148.10 mln Reuters consensus

16:05 LAVA sees FY08 $0.53-0.55 vs $0.51 Reuters consensus

16:05 RRR reaffirms Y07 guidance

16:05 CITP Comsys IT Partners acquires IT staffing assets of Argus (17.55 +0.45)

16:05 PANC prelim ($0.15) vs ($0.17) Reuters consensus; revs $0.03 mln vs $0.03 mln Reuters consensus

16:05 LAVA sees Q3 $0.13-0.15 vs $0.14 Reuters consensus; sees revs $53-55 mln vs $53.44 mln Reuters consensus

16:05 RRR prelim $0.45 vs $0.45 Reuters consensus; revs $462.0 mln vs $468.73 mln Reuters consensus

16:04 BOOM prelim $0.58 vs $0.50 Reuters consensus; revs $42.1 mln vs $35.69 mln Reuters consensus

16:04 LAVA prelim $0.15 vs $0.11 Reuters consensus; revs $53.5 mln vs $51.40 mln Reuters consensus

16:04 WFR sees Q4 revs $540-545 mln vs $541.95 mln Reuters consensus

16:04 ALTH Allos Therapeutics: 3 PDX studies presented, MTD in NSCLC identified, Phase 2 study planned (5.15 -0.02)

Co announces that results from three PDX studies were presented as posters during the 2007 AACR-NCI-EORTC conference held October 22-26, 2007 in San Francisco, California. The posters described the effects of PDX (pralatrexate) in patients with non-small cell lung cancer, in patients with relapsed or refractory non-Hodgkin’s lymphoma and Hodgkin’s disease, and in human cancer models in vivo and in vitro.
16:04 MCRS sees FY08 $2.59-2.62 vs $2.62 Reuters consensus; sees revs $910-915 mln vs $912.95 mln Reuters consensus

16:04 ZIGO prelim ($0.05) vs ($0.05) Reuters single est; revs $31.7 mln vs $31.30 mln Reuters single est, $37.10 mln First Call

16:04 WFR prelim $0.81, may not comapre to the $0.80 Reuters consensus, $0.79 First Call; revs $472.8 mln vs $477.29 mln Reuters consensus

16:03 IBKR prelim $0.53 vs $0.33 Reuters consensus, $0.34 First Call; revs $445.1 mln vs $356.00 mln single analyst estimate

16:03 MFE sees Q4 $0.42-0.46 vs $0.44 Reuters consensus; sees revs $330-350 mln vs $340.50 mln Reuters consensus

16:03 SRCL prelim $0.37 vs $0.36 Reuters consensus; revs $237.3 mln vs $227.97 mln Reuters consensus

16:03 TUNE sees Q4 revs $21.5-22.5 mln vs $22.55 mln Reuters consensus

16:03 SNCR prelim $0.26 vs $0.17 Reuters consensus; revs $34.5 mln vs $33.42 mln Reuters consensus

16:03 RADS sees Q4 $0.21-0.22 vs $0.22 Reuters consensus; sees revs $67.5-69 mln vs $70.33 mln Reuters consensus

16:03 MCRS prelim $0.58 vs $0.51 Reuters consensus; revs $216.5 mln vs $203.1 mln Reuters consensus

16:03 MFE prelim $0.44 vs $0.40 Reuters consensus; revs $322 mln vs $320.29 mln Reuters consensus

16:03 NTGR sees Q4 revs $195-200 mln vs $190.41 mln Reuters consensus

16:02 CALD sees Q4 revs $28-30 mln vs $31.20 mln Reuters consensus

16:02 WEN sees FY07 EPS near the high end of the range of $1.09-1.23 vs $1.12 Reuters consensus

16:02 RADS prelim $0.19 vs $0.19 Reuters consensus; revs $62.5 mln vs $65.64 mln Reuters consensus

16:02 PDGI PharmaNet Development Group announces Board and Personnel changes, Chairman resigns (35.60 +0.82)

The co announces “Jack Levine, resigned as chairman and member of the board of directors and David Lucking resigned as a member of the board of directors. As a result, the board of directors has appointed Peter Tombros, currently an independent member of the board, as chairman. In addition, David Natan, executive vice president of reporting and analysis and chief accounting officer, and the co agreed to a mutual separation.”
16:02 WFR MEMC Elec and Conergy Announce $7-$8 Billion Solar Wafer Agreement -Update-

Under the terms of the definitive agreement, MEMC will supply solar wafers to Conergy over a 10-year period, with pre-determined pricing, on a take or pay basis beginning in the third quarter of 2008. Sales of the wafers over the 10-year period would generate between $7 billion and $8 billion in revenue for MEMC. As part of the definitive agreement, Conergy will advance funds to MEMC in the form of a capacity reservation deposit. In addition, MEMC will participate in 5% of the increase in value of Conergy’s solar module/cell subsidiary.
16:02 CALD prelim ($0.12) may not be comparable ($0.07) Reuters consensus; revs $25.4 mln vs $25.70 mln Reuters consensus

16:02 TUNE sees Q4 revs $21.5-22.5 mln vs $22.55 mln Reuters consensus

16:02 VG Vonage and verison resolve patent despute (1.53 -0.07)

Co announces that the cost of its settlement of a patent dispute with Verizon will be effectively capped at a maximum of $32 mln, in addition to the $88 mln already accrued and held in escrow. The $88 mln includes a $66 mln cash-collateralized bond, a $12 mln second-quarter escrow payment, and a $10 mln third-quarter escrow payment made in the fourth quarter of 2007. Vonage and Verizon (VZ) earlier today announced they have agreed to resolve their patent lawsuit. The terms of the resolution depend on how the Court of Appeals decides Vonage’s pending petition for rehearing regarding two of the Verizon patents (the ‘574 and ‘711). If Vonage wins rehearing on either the ‘574 or ‘711 patent or if the injunction is vacated as to the ‘574 or ‘711 patent, Vonage will pay Verizon $80 mln. If Vonage does not win rehearing on either the ‘574 or ‘711 patent, or if the stay is lifted reinstating the injunction, Vonage will pay $120 mln, which includes $2.5 mln payable to certain charities.
16:02 NTGR prelim $0.37, includes items, may not compare to the $0.38 Reuters consensus, $0.41 First Call; revs $191.68 mln vs $181.02 mln Reuters consensus

16:02 DECK Deckers Outdoor raises Q4 rev outlook to +35% vs prior +30% estimate -Update-

16:02 TMWD sees EPS Q4 $(0.03)-(0.05) vs ($0.02) Reuters consensus; sees revs $13-14.5 mln vs $15.37 mln Reuters consensus

16:01 SNV Synovus To Spin-off TSYS (25.59 -0.4

Co announces that its Board of Directors has approved an agreement and plan of distribution with TSYS to spin-off to Synovus’ shareholders the shares of TSYS stock currently owned by Synovus. Synovus currently owns 80.8% of TSYS. The spin-off is expected to be tax-free to Synovus and its shareholders. The distribution of the approximately 159.6 million TSYS shares owned by Synovus will be made to Synovus shareholders on a pro rata basis and is expected to occur on December 31, 2007. The record date for this distribution is currently expected to be on or around December 18, 2007.
16:01 FALC FalconStor enters into joint venture with Chinese Academy of Ccience (12.34 -0.81)

The co announces “that it has continued its expansion and investment in the People’s Republic of China by entering into a joint venture agreement with the Institute of Computing Technology of the Chinese Academy of Science and others to establish a co that will research, produce, and market enterprise-class Storage, Archiving and Compliance solutions domestically and internationally.”
16:01 BFAM prelim $0.38 vs $0.38 Reuters consensus, $0.39 First Call; revs $189.5 mln vs $190.11 mln Reuters consensus

16:01 ULTI sees FY08 $0.60-0.70 vs $0.76 Reuters consensus; sees revs up 20% yr/yr

16:01 NSTR Northstar Neuroscience reports Q3 EPS of (0.21) vs ($0.27) consensus (12.26 +0.43)

16:01 DXPE prelim $0.65 vs $0.57 Reuters consensus; revs $106.8 mln vs $98.16 mln Reuters consensus

16:01 WEN prelim $0.33 vs $0.33 Reuters consensus; revs $631.1 mln vs $629.40 mln Reuters consensus

16:01 TUNE prelim $0.06 vs $0.04 Reuters consensus; revs $23.8 mln vs $23.05 mln Reuters consensus

16:01 HITT sees Q4 $0.44 vs $0.39 Reuters consensus; sees revs $41.5-42.5 mln vs $40.66 mln Reuters consensus

16:01 DECK prelim $1.47 vs $1.23 Reuters consensus; revs $129.4 mln vs $121.4 mln Reuters consensus

16:00 NATI sees Q4 $0.39-0.45 vs $0.42 Reuters consensus; sees revs $200-210 mln vs $207.45 mln Reuters consensus

16:00 HITT prelim $0.44 vs $0.39 Reuters consensus; revs $39.9 mln vs $39.00 mln Reuters consensus

16:00 TMWD prelim ($0.03) vs ($0.03) Reuters consensus; revs $14.1 mln vs $13.80 mln Reuters consensus

16:00 WFR MEMC Elec and Gintech announce $700 mln+ solar wafer supply amendment (59.30 -2.89) -Update-

The co announces that “MEMC and Gintech Energy have executed an amendment to their existing definitive agreement for MEMC to supply solar grade silicon wafers to Gintech. Under the terms of the amendment, MEMC will supply additional solar wafers to Gintech over the 10-year contract period, with incremental pre-determined pricing, on a take or pay basis beginning in 2008. Sales of the additional wafers over the 10-year period would generate approximately $700-$800 mln in incremental revenue for MEMC. As part of the amendment, Gintech will advance additional funds to MEMC in the form of a capacity reservation deposit. In total, the amended agreement is now worth between $3-$4 bln in revenue to MEMC through 2017.”
16:00 ULTI prelim $0.18 vs $0.17 Reuters consensus; revs $37.8 mln vs $37.68 mln Reuters consensus

16:00 NATI prelim $0.32 vs $0.32 Reuters consensus; revs $184.7 mln vs $184.79 mln Reuters consensus

Embracing Information

Big Green Truck Pizza Story

Four Problem Traders; Four Trading Strengths

Electro Man

How to Wake Up Feeling Totally Alert

“Purple Rain” greatest film soundtrack: Vanity Fair

Deadman

The ‘Real Life’ of Actor Steve Carell

Writedowns: The Leaders Table

Where was the Bubble: Houses, Rates or Credit?

Alabama textbook probe includes all athletes

Flower Shaped Urinals

Well, this is an awfully odd opening to this Thursday. I would say we are back waiting for next weeks Fed decision again and things are just range bound, sell the rips, and buy the dips, the hard part is where are the dips and rips bottoms right now. I am playing it small into the fed as I can’t control the intervention machine and it has me scratching my head daily. Your itchy trader will play it tight until something gets me more grounded, because quite frankly this is a bizarro world we are living in now and I don’t get it. Rather, I get it less than I used to.

08:34 BLC Belo misses by $0.02, reports revs in-line (18.53 )

Reports Q3 (Sep) earnings of $0.18 per share, $0.02 worse than the Reuters Estimates consensus of $0.20; revenues fell 2.9% year/year to $365.3 mln vs the $367.7 mln consensus. Regarding Belo’s outlook for the fourth quarter of 2007, Dennis A. Williamson, executive vice president/Chief Financial Officer, said, “While we expect spot revenue excluding political to be up in the mid-single digits, we expect total Television Group revenues to be down in the mid-single digits as we cycle against $31.6 million of political revenue in the fourth quarter of 2006.”
08:34 Synvista Therapeutics’ (SYI) Alagebrium Shows Potential for use in Treating Diabetes-Related Gastrointestinal Complications

…
08:33 GMT sees FY07 EPS at the higher end of $2.90-3.10, excluding $0.17 tax benefit, vs $3.09 Reuters consensus
08:33 BLL prelim $1.09, ex items, vs $1.05 Reuters consensus; revs $1.91 bln vs $1.96 bln Reuters consensus
08:33 APA Apache beats by $0.21, beats on revs

Reports Q3 (Sep) earnings of $2.17 per share, excluding non-recurring items, $0.21 better than the Reuters Estimates consensus of $1.96. “We remain on track to achieve the top end of our targeted range of 9-12% production growth in 2007. We expect a strong finish to
the year in every financial and operational aspect…”
08:32 S&P futures vs fair value: +0.6. Nasdaq futures vs fair value: +10.3.

Futures dip following two economic reports. Just reported, durable orders for September dropped 1.7%. Initial jobless claims for the week ended 10/20 dropped to 331k. Durable orders were expected to rise by 1.5%. Initial claims where expected to come in at 320k.
08:32 DLX sees FY07 $2.75-2.80 vs $2.78 Reuters consensus; sees revs $1.61-1.62 bln vs $1.61 bln Reuters consensus
08:32 KSU KC Southern beats by $0.11, beats on revs (36.56 )

Reports Q3 (Sep) earnings of $0.48 per share, $0.11 better than the Reuters Estimates consensus of $0.37; revenues rose 6.8% year/year to $444.1 mln vs the $432 mln consensus.
08:32 ESV Ensco reports Q3 (Sep) results, revs in-line (54.38 )

Reports Q3 (Sep) earnings of $1.82 per share, includes tax benefit and charges due to conclusion of operations in Nigeria, may not be comparable to the Reuters Estimates consensus of $1.69; revenues rose 13.5% year/year to $551.9 mln vs the $549.6 mln consensus.
08:32 GMT reaffirms FY07 guidance of non-GAAP EPS of $2.90-3.10, excluding $0.17 gain vs $3.09 Reuters consensus
08:32 DLX prelim $0.62 vs $0.61 Reuters consensus; revs $388.6 mln vs $391.6 mln Reuters consensus
08:31 NPSP NPS Pharm Announces Approval of Cinacalcet HCl in Japan

…
08:31 GMT prelim $1.05 vs $0.83 Reuters consensus; revs $346.2 mln vs $332.15 mln Reuters consensus
08:31 TDY sees Q4 $0.65-0.68 vs $0.68 Reuters consensus
08:31 SYNT sees FY07 $1.43-1.48 vs $1.39 Reuters consensus; sees revs $332-337 mln vs $329.53 mln Reuters consensus
08:31 APA prelim $2.17 vs $1.96 Reuters consensus; revs $2.5 bln vs $2.45 bln Reuters consensus
08:31 TDY prelim $0.75 vs $0.71 Reuters consensus; revs $408.9 mln vs $416.51 mln Reuters consensus
08:31 GMT prelim $1.04 excluding $0.17 gain vs $0.83 Reuters consensus; revs $346.2 mln vs $332.15 mln Reuters consensus
08:31 MIPI Molecular Insight Pharma Presents Preclinical Trofex(TM) Prostate Cancer Data; plans to begin exploratory clinical trials in the first half of 2008

…
08:30 SYNT prelim $0.37 vs $0.34 Reuters consensus; revs $87.9 mln vs $84.61 mln Reuters consensus
08:30 BEAS BEA Systems Board sets $21.00/share value position (17.55 )

Co issued the following statement: “We continue to believe that Oracle’s unsolicited proposal to acquire BEA at $17.00 per share significantly undervalues BEA, and is therefore not in the best interests of BEA shareholders. Accordingly, we will continue to vigorously oppose a sale to Oracle at $17.00 per share. Over the last several weeks, Oracle has repeatedly asked us for the price at which we would be willing to begin negotiations, and the Board has concluded, after consultation with its financial advisor Goldman Sachs, that it is prepared to authorize negotiations with third parties including Oracle at a price of $21.00 per share. The Board has authorized its legal counsel, Wachtell Lipton Rosen & Katz, to deliver today to any such third parties a draft merger agreement that it is prepared to sign that will be in customary form and provide for an appropriately high degree of certainty of closing. The Board noted that BEA is a world leader in enterprise infrastructure software with industry-leading products in AquaLogic, WebLogic and Tuxedo, a deep and diverse customer base including 75% of the Fortune Global 500 companies, compelling international growth opportunities in China and elsewhere, and a