Trading for the Masses

16:53 SIMG Silicon Image announces that its Board of Directors has authorized an accelerated stock repurchase program for the repurchase of $62 mln (4.19 +0.00) -Update-

16:52 ARUN Aruba Networks resumes trading (6.00 -0.33) -Update-

16:52 LIFC LifeCell revises FY07 EPS in-line (39.14 +0.30)

Co announced revised preliminary FY07 diluted net income per share due to the final settlement of a claim that arose in 2007. The claim, which was not product related, is expected to reduce diluted net income per share by approximately $0.03. Co says, “Although the final resolution of the claim occurred in 2008, since the Co’s 2007 financial statements were not yet filed with the Securities and Exchange Commission, we are required to report the amount as a Q4 2007 item.” Co revises FY07 EPS; co sees $0.80-0.82, excluding the $0.03 charge, vs $0.82 consensus.
16:51 SIMG Silicon Image beats by $0.03, beats on revs; guides Q1 revs below consensus; guides FY08 revs below consensus (4.19 +0.00)

Reports Q4 (Dec) earnings of $0.11 per share, $0.03 better than the First Call consensus of $0.08; revenues fell 1.9% year/year to $85.3 mln vs the $77.9 mln consensus. Co issues downside guidance for Q1, sees Q1 revs of $61-63 mln vs. $69.24 mln consensus. Co issues downside guidance for FY08, sees FY08 revs of $270-290 mln vs. $308.58 mln consensus.
16:49 EPIC Epicor Software reports EPS in-line, beats on revs; guides Q1 EPS below consensus, revs above consensus; guides FY08 EPS above consensus, revs above consensus (11.66 +0.23)

Reports Q4 (Dec) earnings of $0.27 per share, excluding non-recurring items, in-line with the First Call consensus of $0.27; revenues rose 14.7% year/year to $119.7 mln vs the $115.6 mln consensus. Co issues mixed guidance for Q1, sees EPS of $0.16-0.17, excluding non-recurring items, vs. $0.20 consensus; sees Q1 revs of $112-115 mln vs. $108.63 mln consensus. Co issues upside guidance for FY08, sees EPS of $1.02-1.06, excluding non-recurring items, vs. $0.98 consensus; sees FY08 revs of $545-555 mln vs. $467.64 mln consensus.
16:49 SIMG sees FY08 revs $270-290 mln vs $308.58 mln First Call consensus

16:49 CF CF Industries beats by $0.56, beats on revs (106.61 -1.04)

Reports Q4 (Dec) earnings of $2.22 per share, excluding non-recurring items, $0.55 better than the First Call consensus of $1.67; revenues rose 61.9% year/year to $852.5 mln vs the $796.4 mln consensus. Co gives outlook: “Looking to the spring planting season, the fundamentals that drove our strong 2007 performance look even better for the farm economy and the company in 2008. Prices for most major crops remain at record or near-record levels, providing an incentive for farmers to maximize planted acreage and to optimize fertilizer application this spring. And despite today’s high fertilizer prices, these crop prices clearly should support excellent farm economics in 2008, coming on the heels of 2007’s record farm income. Looking ahead to the first half of 2008, questions remain regarding corn acreage, sulfur cost, and the strength of the general economy. However, taken against the backdrop of low grain stocks worldwide, high grain prices, record farm economics, and robust global markets for nitrogen and phosphate fertilizers, we’re looking at the first half of 2008 with excitement and optimism. We’re well positioned to serve our customers in this strong agricultural market.”
16:49 SIMG sees Q1 revs $61-63 mln vs $69.24 mln First Call consensus

16:48 OMTR Omniture misses by $0.01, beats on revs; guides Q1 and FY08 (23.60 -2.13)

Reports Q4 (Dec) earnings of $0.07 per share, $0.01 worse than the First Call consensus of $0.08; revenues rose 83.7% year/year to $43.1 mln vs the $41.6 mln consensus. Co issues mixed guidance for Q1, sees EPS of $0.08-$0.09 vs. $0.08 consensus; sees Q1 revs of $68-$70 mln, includes recent acquisition, may note be comparable to $47.90 mln consensus. Co issues mixed guidance for FY08, sees EPS of $0.40-$0.44 vs. $0.43 consensus; sees FY08 revs of $305-$310 includes recent acquisition, may note be comparable to $228.63 mln consensus.
16:48 SIMG prelim $0.11 vs $0.08 First Call consensus; revs $85.3 mln vs $77.94 mln First Call consensus

16:48 Senate’s Dodd to meet NY’s insurance commissioner Dinallo on Feb 14 regarding bond insurers - Bloomberg

ABK, MBI
16:47 CHRD Chordiant Sftwr beats by $0.04, beats on revs; guides FY08 EPS below consensus, revs below consensus (7.08 -0.09)

Reports Q1 (Dec) earnings of $0.05 per share, excluding non-recurring items, $0.04 better than the First Call consensus of $0.01; revenues rose 27.1% year/year to $29.1 mln vs the $28.3 mln consensus. Co issues downside guidance for FY08, sees EPS of $0.40-0.58, excluding non-recurring items, vs. $0.71 consensus; sees FY08 revs of $127-137 mln vs. $145.86 mln consensus; co sees total bookings of $140-150 mln.
16:47 NMSS NMS Comms beats by $0.01, beats on revs; guides Q1 revs below consensus (1.41 -0.06)

Reports Q4 (Dec) earnings of $0.02 per share, excluding non-recurring items, $0.01 better than the First Call consensus of $0.01; revenues rose 8.1% year/year to $22.6 mln vs the $22.1 mln consensus. Co issues downside guidance for Q1, sees Q1 revs down 10-15% sequentially, or roughly $19.2-20.3 mln vs. $21.25 mln consensus.
16:45 AYE Allegheny Energy beats by $0.17, misses on revs (53.46 -1.62)

Reports Q4 (Dec) earnings of $0.65 per share, $0.17 better than the First Call consensus of $0.48; revenues rose 6.7% year/year to $786.3 mln vs the $939.4 mln consensus.
16:43 ITMN InterMune beats by $0.07, reports revs in-line (16.38 +0.16)

Reports Q4 (Dec) loss of $0.66 per share, $0.07 better than the First Call consensus of ($0.73); revenues fell 51.5% year/year to $9.6 mln vs the $9.7 mln consensus. The co provided its forward-looking guidance with respect to operating expenses in 2008. For the year ending December 31, 2008, R&D expense is anticipated to be similar to 2007 in a range of approx $100 to $110 mln, net of development cost reimbursements under the Roche collaboration. G&A expense is anticipated to be in a range of approx $25 to $30 mln.
16:43 CMO Capstead Mortgage reports Q4 EPS above consensus (15.84 +0.04)

Co reports Q4 EPS of $0.31 vs $0.26 First Call consensus. “With the action taken by the Federal Reserve last week to reduce its federal funds target rate by an additional 50 basis points, the target rate now stands at 3.00%, down 225 basis points from late last summer and down 125 basis points since year-end. As a result, our borrowing rates are declining rapidly and we are enjoying expanding financing spreads and net interest margins on our core portfolio of agency-guaranteed residential ARM securities. Recent results have also benefited from favorable mortgage prepayment experience reflecting national trends toward declining home values and tighter mortgage loan underwriting standards… we are confident that our core investment strategy of conservatively managing a leveraged portfolio of agency-guaranteed residential ARM securities can produce attractive risk-adjusted returns over the long term while reducing but not eliminating sensitivity to changes in interest rates. In the near term we intend to focus our efforts on growing our core residential ARM securities portfolio with the expectation of earning attractive returns on these assets in the coming quarters.”
16:42 TKLC TEKELEC beats by $0.03, reports revs in-line (12.19 +0.33)

Reports Q4 (Dec) earnings of $0.21 per share, $0.03 better than the First Call consensus of $0.18; revenues fell 7.9% year/year to $115.2 mln vs the $114.9 mln consensus. The book-to-bill ratio was 1.62 for the fourth quarter of 2007. “2007 was a year of tremendous progress for Tekelec and the results are reflected in the financial results announced today. We were very pleased with our operating results, our record order entry and strong book-to-bill ratio in the fourth quarter. We believe our accomplishments in 2007 have positioned us for solid operating results in 2008.”
16:41 CSTR Coinstar beats by $0.02, misses on revs; guides Q1 revs in-line; guides FY08 revs in-line (29.06 -0.49)

Reports Q4 (Dec) earnings of $0.20 per share, excluding certain non-recurring items, $0.02 better than the First Call consensus of $0.18; revenues fell 3.5% year/year to $133.3 mln vs the $141.2 mln consensus. Co issues guidance for Q1, sees EPS of $0.01-0.08, may not be comparable to $0.16 consensus; sees Q1 revs of $175-190 mln vs. $138.10 mln consensus. Co issues guidance for FY08, sees EPS of $0.47-0.67, may not be comparable to $0.85 consensus; sees FY08 revs of $800-875 mln vs. $602.71 mln consensus.
16:41 CF prelim $2.23 vs $1.67 First Call consensus; revs $852.5 mln vs $796.40 mln First Call consensus

16:40 SCOR ComScore reports Q4 (Dec) results, revs in-line; guides Q1 revs in-line; guides FY08 revs in-line (27.45 +1.70)

Reports Q4 (Dec) non-GAAP earnings of $0.21 per share, GAAP earnings of $0.42, may not be comparable to the First Call consensus of $0.19; revenues rose 39.0% year/year to $25.3 mln vs the $25.2 mln consensus. Co issues guidance for Q1, sees GAAP EPS of $0.06-0.08, sees non-GAAP EPS of $0.10-0.11, may not be comparable to $0.16 consensus; sees Q1 revs of $25.9-26.2 mln vs. $25.38 mln consensus. Co issues guidance for FY08, sees GAAP EPS of $0.35-0.38, sees non-GAAP EPS of $0.55-0.58, may not be comparable to $0.79 consensus; sees FY08 revs of $112.2-113.2 mln vs. $112.63 mln consensus.
16:40 CMD Criticare Systems reports Q2 EPS of $0.08 vs $0.04 single analyst est; revs rose 20.8% YoY to $10.2 mln vs $9.50 mln single analyst est (3.55 +0.0

16:39 TSYS TeleComm Sys reports Q4 results; misses on revs (3.84 -0.03)

Reports Q4 (Dec) GAAP earnings of $0.06 per share, may not compare to the First Call consensus of $0.12; revenues rose 22% year/year to $37.1 mln vs the $40.22 mln consensus.
16:38 BMC BMC Software beats by $0.07, beats on revs; guides Q4 EPS in-line, revs above consensus; guides FY08 EPS above consensus (33.25 +0.69)

Reports Q3 (Dec) earnings of $0.57 per share, excluding non-recurring items, $0.07 better than the First Call consensus of $0.50; revenues rose 11.2% year/year to $459 mln vs the $440.8 mln consensus. Co issues in-line EPS guidance for Q4, sees EPS of $0.48-0.52, excluding non-recurring items, vs. $0.49 consensus; sees Q4 revs of $450-465 mln vs. $447.99 mln consensus. Co issues upside EPS guidance for FY08, sees EPS of $1.90-1.94, excluding non-recurring items, vs. $1.83 consensus.
16:38 ARUN Aruba Networks guides lower; stock halted (7.72 -0.37) -Update-

Co expects to report Q2 (Jan) revenue of $40-41 mln vs First Call consensus of $51.5 mln. Co expects non-GAAP EPS of approximately break-even vs consensus of $0.05. Co says that during Q2, it experienced a significant decrease in revenues in the Federal vertical in conjunction with the delay in the approval of the Federal budget…. co believes its Federal business will pick up in 2H08 (fiscal). While the softness in the Federal vertical had the biggest single impact on the revenue shortfall, co says it has also experienced an elongated sales cycle at some of its customers. Additionally, its transition to a two-tier distribution system is taking longer than anticipated.
16:38 SCOR sees Q1 $0.06-0.08 may not compare to $0.16 First Call consensus; sees revs $25.9-26.2 mln vs $25.38 mln First Call consensus

16:37 SCOR sees FY08 $0.35-0.38 may not compare to $0.79 First Call consensus; sees revs $112.2-113.2 mln vs $112.63 mln First Call consensus

16:37 LTRX Lantronix reports Q2 EPS of $0.02, up from break even a year ago; revs rose 3.3% to $15.3 mln (0.87 )

Co reports Q2 EPS of $0.02, up from break even a year ago; revs rose 3.3% to $15.3 mln. For Q3, so sees revs of $14.3-$14.7 mln; sees EPS of ($0.01) to $0.00/
16:37 AOC Aon beats by $0.03, misses on revs (43.01 +0.15)

Reports Q4 (Dec) earnings of $0.69 per share, excluding non-recurring items, $0.03 better than the First Call consensus of $0.66; revenues rose 8.0% year/year to $2.03 bln vs the $2.13 bln consensus.
16:37 US Senate votes in favor of amended Economic Stimulus Plan; Senate expected to send amended plan to house for final vote - DJ

DJ reports the U.S. Senate voted in favor of an economic stimulus plan worth roughly $166 bln through 2009. A final vote sending the measure to the House for its final approval was expected shortly. The bill includes rebate checks worth up to $600 for workers, more for families with children, and tax incentives for businesses purchasing equipment before the end of the year. The plan is roughly $5 bln larger than the version originally approved by the House. The Senate expanded the measure to make rebate checks worth $300 available to seniors living off of Social Security benefits and disabled veterans.
16:37 SCOR prelim $0.21 may not compare to $0.19 First Call consensus; revs $25.3 mln vs $25.18 mln First Call consensus

16:36 TSTR TerreStar trading halted (4.52 +0.20) -Update-

16:36 ESE Esco Tech beats by $0.03, misses on revs; guides FY09 EPS below consensus, revs below consensus (36.30 -1.14)

Reports Q1 (Dec) earnings of $0.41 per share, excluding non-recurring items, $0.03 better than the First Call consensus of $0.38; revenues rose 67.5% year/year to $135 mln vs the $143.8 mln consensus. Co issues downside guidance for FY09, sees EPS of $2.22-2.32 vs. $2.35 consensus; sees FY09 revs of $620-625 mln vs. $718.58 mln consensus.
16:36 ADAT Authentidate Holding reports Q2 EPS of ($0.16) vs($0.11) in yr ago period; reports revs up 66% to $1.66 mln (0.47 -0.00)

16:36 OTEX Open Text beats by $0.02, beats on revs (31.50 -0.20)

Reports Q2 (Dec) earnings of $0.50 per share, $0.02 better than the First Call consensus of $0.48; revenues rose 11.8% year/year to $182.5 mln vs the $173.6 mln consensus.
16:35 EQ Embarq beats by $0.12, reports revs in-line (44.31 -0.04)

Reports Q4 (Dec) earnings of $1.23 per share, including a benefit of $0.18 from a lower than normal effective tax rate, $0.12 better than the First Call consensus of $1.11; revenues fell 2.5% year/year to $1.58 bln vs the $1.59 bln consensus.
16:35 CHRD Chordiant Sftwr resumes trading (6.74 -0.09)

16:34 PWER Power-One misses by $0.03, reports revs in-line; guides Q1 EPS below consensus, revs in-line (2.13 -0.03)

Reports Q4 (Dec) loss of $0.07 per share, $0.03 worse than the First Call consensus of ($0.04); revenues rose 13.9% year/year to $132.3 mln vs the $132.9 mln consensus. Co issues mixed guidance for Q1, sees EPS of ($0.04)-($0.07) vs. $0.02 consensus; sees Q1 revs of $130-135 mln vs. $133.00 mln consensus.
16:34 AEIS Advanced Energy beats by a penny, misses on revs; issues downside guidance for Q1 (11.28 +0.21) -Update-

Reports Q4 (Dec) earnings of $0.09 per share, $0.01 better than the First Call consensus of $0.08; revenues fell 19.8% year/year to $83.8 mln vs the $85.6 mln consensus. Co issues downside guidance for Q1, sees EPS of $0.07-$0.11 vs $0.17 consensus; sees Q1 revs of $82-88 mln vs. $89.38 mln consensus.
16:33 HAYN Haynes Intl reports Q1 EPS of $1.16 vs $1.18 single estimate; reports revs up 21.3% to $146.1 mln vs $153.9 mln single estimate (48.85 +0.31)

Co sees Y08 revs higher yr/yr with improving gross marings.
16:32 ROLL RBC Bearings misses by $0.01, misses on revs; guides Q4 revs in-line (31.72 +0.43)

Reports Q3 (Dec) earnings of $0.44 per share, $0.01 worse than the First Call consensus of $0.45; revenues rose 5.1% year/year to $80.4 mln vs the $81.7 mln consensus. Co issues in-line guidance for Q4, sees Q4 revs of $88-92 mln vs. $90.23 mln consensus.
16:32 TTMI TTM Tech beats by $0.01, reports revs in-line; guides Q1 EPS in-line, revs in-line (9.77 -0.04)

Reports Q4 (Dec) earnings of $0.22 per share, excluding $0.06 tax gain, $0.01 better than the First Call consensus of $0.21; revenues rose 16.2% year/year to $167.5 mln vs the $168.9 mln consensus. Co issues in-line guidance for Q1, sees EPS of $0.20-0.25 vs. $0.21 consensus; sees Q1 revs of $168-176 mln vs. $168.52 mln consensus.
16:32 ALNY Alnylam Pharmaceuticals beats by $0.26, reports revs in-line (30.33 +0.12)

Reports Q4 (Dec) earnings of $0.04 per share, $0.26 better than the First Call consensus of ($0.22); revenues rose 160.0% year/year to $18.2 mln vs the $18.3 mln consensus.
16:32 VITL Vital Signs beats by $0.02, beats on revs; reaffirms FY08 EPS guidance (47.84 +0.33)

Reports Q1 (Dec) earnings of $0.60 per share, $0.02 better than the First Call consensus of $0.58; revenues rose 12.1% year/year to $53.5 mln vs the $51.1 mln consensus. Co reaffirms guidance for FY08, sees EPS of $2.80-$2.85 vs. $2.81 consensus.
16:31 DSCP Datascope reports Q2 EPS of $0.46, ex-items, vs $0.43 in yr ago period; reports revs up 8% yr/yr to $103.4 mln (33.90 -0.33)

16:31 RNWK RealNetworks reports Q4 (Dec) results, beats on revs; guides Q1 EPS in-line, revs below consensus; guides FY08 revs below consensus (6.00 +0.15)

Reports Q4 (Dec) earnings of $0.02 per share, includes items and stock based comp may not be comparable to the First Call consensus of $0.01; revenues rose 24.9% year/year to $156.9 mln vs the $155.3 mln consensus. Co issues mixed guidance for Q1, sees EPS of ($0.08)-$0.02 vs. ($0.01) consensus; sees Q1 revs of $139-143 mln vs. $151.71 mln consensus. Co issues guidance for FY08, sees EPS of ($0.09) -($0.04), inclusdes items may not be comparable to $0.10 consensus; sees FY08 revs of $612-632 mln vs. $642.34 mln consensus.
16:31 ROLL sees Q4 revs $88-92 mln vs $90.23 mln First Call consensus

16:30 TSTR TerreStar announces a strategic investment by EchoStar, Harbinger & other investors of $300 million (4.52 +0.20)

The co announces that EchoStar Corporation (SATS), Harbinger Capital Partners Master Fund I, Ltd. and Harbinger Capital Partners Special Situations Fund LP and other investors have entered into a series of separate agreements constituting a commitment of $300 mln in investments in TerreStar - with $200 million made available today at closing and the balance dedicated to funding the TerreStar-2 satellite. As part of these transactions, TerreStar Corporation will also obtain an enhanced nationwide spectrum footprint through separate rights to certain 1.4 GHz spectrum currently held by EchoStar and Harbinger… As a result of this transaction, both the Boards of Directors of TerreStar Corporation and TerreStar Networks Inc. will expand to eight members with EchoStar and Harbinger each having the right to nominate two members to each board… The investment by EchoStar consists of the purchase of $50 mln of Exchangeable Notes issued by TerreStar. The notes are exchangeable for TerreStar Corporation’s Common Stock based on a conversion price of $5.57 per share… The investment by Harbinger consists of the purchase of $50 million of Exchangeable Notes issued by TerreStar. The notes are exchangeable for TerreStar Corporation’s junior participating preferred stock, which in turn, subject to certain conditions, is convertible into common stock, at a conversion price of $5.57 per share.
16:30 ROLL prelim $0.44 vs $0.45 First Call consensus; revs $80.4 mln vs $81.67 mln First Call consensus

16:29 IOSP Innospec reports Q4 results, beats on revs (16.64 +1.29)

Reports Q4 (Dec) earnings of $0.45 per share, including restructuring and non-cash charges, may not be comparable to the First Call consensus of $0.28; revenues rose 19% year/year to $172.7 mln vs the $145.10 mln consensus.
16:29 BBND Bigband Networks beats by $0.01, beats on revs; guides Q1 EPS above consensus, revs above consensus (6.22 +0.0

Reports Q4 (Dec) loss of $0.12 per share, excluding non-recurring items, $0.01 better than the First Call consensus of ($0.13); revenues fell 51.3% year/year to $30.7 mln vs the $30 mln consensus. Co issues upside guidance for Q1, sees EPS of ($0.02)-($0.05), excluding non-recurring items, vs. ($0.0 consensus; sees Q1 revs of $35-39 mln vs. $33.48 mln consensus.
16:29 GNW Genworth Financial reports Q4 results above consensus; sees 2008 at lower end of guidance range (22.74 -0.39)

Reports Q4 (Dec) net operating income of $0.71 per share, $0.02 better than the First Call consensus of $0.69. “We have a cautious stance toward 2008 results, given the accelerating downturn in the U.S. housing market, slowing global economies and a shifting interest rate environment. We will navigate these issues, focus on sound business growth, optimize capital deployment and position Genworth for improved performance in 2009… In December, we provided a wide outlook range of $2.65-3.15 operating earnings per share for 2008, given the high degree of market uncertainty. In view of current trends, we anticipate being at the lower end of that range for 2008, and plan to fully update our outlook at the end of the first quarter” (consensus is for $2.89). During the quarter, the company settled its second quarter accelerated share repurchase program and received an additional 2.5 mln shares.
16:28 ATVI Activision beats by $0.09, beats on revs; guides Q4 EPS in-line, revs in-line; guides FY08 EPS above consensus, revs above consensus (26.29 +0.3

Reports Q3 (Dec) earnings of $0.90 per share, excluding non-recurring items, $0.09 better than the First Call consensus of $0.81; revenues rose 79.9% year/year to $1.48 bln vs the $1.39 bln consensus. Co issues in-line guidance for Q4, sees EPS of $0.04 vs. $0.04 consensus; sees Q4 revs of $350.0 mln vs. $279.62 mln consensus. Co issues upside guidance for FY08, raises EPS guidance to $1.07 vs. $0.96 consensus; raises FY08 rev guidance to $2.65 bln vs. $2.46 bln consensus. “We exceeded our quarterly financial goals… Two of our wholly owned, internally developed franchises - Call of Duty 4 and Guitar Hero III - set industry records. Our solid performance during the first nine months of the fiscal year has already resulted in our 16th consecutive year of revenue growth and record operating margins. Our product and market momentum gives us confidence to once again raise our fiscal year 2008 net revenues and earnings outlook, as we continue to focus our marketing and sales efforts.”
16:28 ADEP Adept Tech reports Q2 EPS of $0.18 vs ($0.34) yr ago; revs rise 30% to $14.4 mln (7.02 -0.0

Co sees FY08 revs of $52-57 mln (no consensus).
16:28 LQDT Liquidity Services misses by $0.01, beats on revs (12.47 -0.44)

Reports Q1 (Dec) earnings of $0.08 per share, $0.01 worse than the First Call consensus of $0.09; note, both numbers include stock-based comp. Revenues rose 31.2% year/year to $59.3 mln vs the $54.7 mln consensus. Co estimates Adjusted EPS for FY08 (Sep) to be $0.51-0.53 and Q2 (Mar) to be $0.11. This is not comparable to First Call consensus because this guidance excludes stock-based comp and the consensus includes it… GMV grew approximately 41% over the prior year period and 13% sequentially. Scrap business, which grew GMV approximately 57% over the prior year period and 49% sequentially, also contributed to strong results during the first quarter. At the end of Q1-08, registered buyers totaled approximately 724,000, representing a 28% increase over the approximately 565,000 registered buyers at the end of Q1-07.
16:28 NMHC Natl Med Health reports Q2 (Dec) results, revs in-line (9.43 -0.22)

Reports Q2 (Dec) earnings of $0.12 per share, may not be comparable to the First Call consensus of ($0.22); revenues fell 15.3% year/year to $168.9 mln vs the $168.5 mln consensus.
16:27 BBND sees Q1 ($0.02-0.05) vs ($0.0 First Call consensus; sees revs $35-39 mln vs $33.48 mln First Call consensus

16:27 XXIA Ixia beats by $0.02, beats on revs (6.84 +0.02)

Reports Q4 (Dec) earnings of $0.11 per share, $0.02 better than the First Call consensus of $0.09; revenues fell 2.0% year/year to $46.4 mln vs the $45.1 mln consensus.
16:27 BBND prelim ($0.12) vs ($0.13) First Call consensus; revs $30.7 mln vs $30.04 mln First Call consensus

16:27 INPH Interphase reports Q4 EPS of ($0.07) vs $0.07 in yr ago period; reports revs up 11% yr/yr to $9 mln with no estimates (7.83 -0.05)

16:26 ROX Castle Brands announces agreement with Autentica Tequilera, terms not disclosed (1.99 +0.01)

Co announced that it has entered into an agreement with Autentica Tequilera to develop and launch a new brand of super-premium tequila, “Tequila Tierras Autenticas de Jalisco.” Castle Brands will be the exclusive importer and marketer of Tierras in the United States.
16:25 ACAP American Phys beats by $0.17; guides FY08 EPS above consensus (42.15 +1.45)

Reports Q4 (Dec) earnings of $1.19 per share, $0.17 better than the First Call consensus of $1.02. Co issues upside guidance for FY08, sees EPS of $4.25 vs. $3.74 consensus. Co sees Y09 EPS even higher than Y08.
16:25 SRVY Greenfield Online beats by $0.02, beats on revs; guides FY08 revs in-line (12.99 +0.37)

Reports Q4 (Dec) earnings of $0.17 per share, $0.02 better than the First Call consensus of $0.15; revenues rose 30.2% year/year to $38.4 mln vs the $35.3 mln consensus. Co issues in-line guidance for FY08, sees FY08 revs of $143-153 mln vs. $144.83 mln consensus.
16:25 TEG Integrys Energy reports financial implications of Illinois rate orders (49.96 -0.11)

Co announces that two of its subsidiaries have received approval from the Illinois Commerce Commission to adjust retail natural gas delivery rates to their customers. The new rates are anticipated to be effective February 14, 2008. This is the first retail natural gas base rate increase for our Illinois customers since 1995. Co will update its earnings guidance for 2008 during its earnings conference call on February 20, 2008 and will incorporate the impacts of the final approved rates for Peoples Gas and North Shore Gas as well as other elements from its forecasts for 2008.
16:25 UNTD United Online beats by $0.03, misses on revs; guides Q1 revs in-line (11.20 +0.33)

Reports Q4 (Dec) earnings of $0.33 per share, $0.03 better than the two analyst est of $0.30. Co sees Q1 revs of $116-$120 mln vs. $122.40 single analyst est.
16:25 TECHX Equity markets finish an extremely choppy session with modest gains across the board

Trader’s & investors endured a wide swinging market today as early losses were eventually erased & by midday we saw the major indices trade at their best levels. The early losses came on the heels of selling pressure in the tech. sector following poor seasonal guidance from technology bellwether CSCO. Buyers surfaced after a retest of the session lows shortly after 11:00a.m. Est failed, giving the market fuel to trend higher to their best levels. However, the cash S&P 500 index & the Mar. S&P 500 futures (ES H both stalled at key intraday resistance levels surrounding the 1347.00 level (38% fib retrace from recent daily lows to highs, & daily pivot point R1 respectively) causing intraday longs to book quick profits and abandon or subsequently reverse their positions. The indices then retraced all of the days gains & turned negative but held above the morning lows, giving the bulls a bit of momentum to turn the averages positive heading into the close. Unofficially, the INDU settled @ 12247 +47, SPX @ 1337 +10.50, NDX @ 1753 +12.30, COMPQ @ 2293 +14.30, & RUT @ 702.80 +10.30. Today’s sector strength was seen in Retailers (XRT +5.0%, RTH +2.4%), Broker/Dealers (IAI +2.7%), Regional Banks (RKH +2.3%), Real Estate (IYR +2.3%), & Coal (KOL +2.1%). Sector weakness today was seen in Agriculture (MOO -0.90%), Software (SWH -0.60%), Utilities (-0.50%), Biotech (BBH -0.45%), & Healthcare (XLV -0.40%).
16:24 ARUN Aruba Networks trading halted (7.76 -0.33) -Update-

16:24 GCOM Globecomm Systems beats by $0.02, beats on revs; guides FY08 revs in-line (10.23 +0.06)

Reports Q2 (Dec) earnings of $0.18 per share, $0.02 better than the First Call consensus of $0.16; revenues rose 48.2% year/year to $54.4 mln vs the $46.5 mln consensus. Co issues mixed guidance for FY08, sees EPS of $0.70, may not be comparable, vs. $0.71 consensus; sees FY08 revs of $190-$200 vs. $193.96 mln consensus.
16:24 CENT Central Garden beats by $0.01, beats on revs (5.61 -0.19)

Reports Q1 (Dec) loss of $0.11 per share, excluding non-recurring items, $0.01 better than the First Call consensus of ($0.12); revenues fell 1.1% year/year to $313.8 mln vs the $305.9 mln consensus.
16:23 GDI Gardner Denver beats by $0.28, beats on revs; guides Q1 EPS below consensus; guides FY08 EPS in-line (32.37 -0.23)

Reports Q4 (Dec) earnings of $1.18 per share, includes $0.16 reduction to tax provision, primarily due to foreign tax credits, $0.28 better than the First Call consensus of $0.90; revenues rose 16.1% year/year to $510.3 mln vs the $490 mln consensus. Co issues downside guidance for Q1, sees EPS of $0.77-0.82, excluding $0.02 in restructuring activities, vs. $0.84 consensus. Co issues in-line guidance for FY08, sees EPS of $3.24-3.44, excluding $0.04 in restructuring activities, compared to previous guidance of $3.15-3.35, vs. $3.31 consensus.
16:22 RMD ResMed reports Q2 (Dec) results, revs in-line (44.33 +0.06)

Reports Q2 (Dec) earnings of $0.34 per share, including charges and stock based comp may not be comparable to the First Call consensus of $0.37; revenues fell 88.6% year/year to $202.7 mln vs the $202.2 mln consensus.
16:22 RNWK sees Q1 ($0.08)- income of 0.02 vs ($0.01) First Call consensus; sees revs $139-143 mln vs $151.71 mln First Call consensus

16:21 BLKB Blackbaud beats by $0.01, beats on revs (26.68 -0.01)

Reports Q4 (Dec) earnings of $0.23 per share, $0.01 better than the First Call consensus of $0.22; revenues rose 41.7% year/year to $70 mln vs the $68 mln consensus.
16:20 ALKS Alkermes beats by $0.04, misses on revs (13.68 +0.34)

Reports Q3 (Dec) earnings of $0.03 per share, excluding non-recurring items, $0.04 better than the First Call consensus of ($0.01); revenues fell 18.6% year/year to $50.8 mln vs the $54.8 mln consensus.
16:20 RNWK prelim $0.02 vs $0.01 First Call consensus; revs $156.90 mln vs $155.26 mln First Call consensus

16:20 ATW Atwood Oceanics beats by $0.04, beats on revs (85.59 )

Reports Q1 (Dec) earnings of $1.20 per share, $0.04 better than the First Call consensus of $1.16; revenues rose 25.1% year/year to $111.1 mln vs the $109.2 mln consensus.
16:19 RNWK sees FY08 ($0.09-0.04), may not be comparable to $0.10 First Call consensus; sees revs $612-632 mln vs $642.34 mln First Call consensus

16:19 PHTN Photon Dynamics misses by $0.01, misses on revs; guides Q2 EPS in-line, revs above consensus (8.30 +0.09)

Reports Q3 (Jun) loss of $0.33 per share, excluding non-recurring items but including stock based compensation that analysts are including, $0.01 worse than the First Call consensus of ($0.32); revenues fell 33.9% year/year to $16.2 mln vs the $16.8 mln consensus. Co issues mixed guidance for Q2, sees EPS of ($0.11)-($0.05) vs. ($0.11) consensus; sees Q2 revs of $36-38 mln vs. $24.87 mln consensus.
16:19 CSTR sees FY08 GAAP EPS $0.47-0.67 may not comapre to $0.85 First Call consensus; sees revs $800-875 mln vs $602.71 mln First Call consensus

16:18 LMNX Luminex reports Q4 results, guides FY08 revs above consensus (16.34 +0.35)

Reports Q4 (Dec) earnings of $0.30 per share, including $11.5 mln one-time settlement payment, may not be comparable to the First Call consensus of ($0.05); revenues rose 51% year/year to $21.5 mln vs the $20.8 mln consensus. LMNX sees FY08 revs of $95-$105 mln vs First Call consensus of $94.95 mln.
16:18 TWLL Techwell reports Q4 EPS of $0.22 vs $0.23 First Call consensus; revs $16.5 mln vs $16.21 mln First Call consensus (10.29 -0.10) -Update-

The co expects revenue for the first quarter of 2008 to range between $15 and $16 mln vs $15.29 mln consensus
16:18 RTEC Rudolph Tech misses by $0.01, misses on revs (10.42 +0.24)

Reports Q4 (Dec) earnings of $0.03 per share, excluding non-recurring items, $0.01 worse than the First Call consensus of $0.04; revenues fell 40.1% year/year to $32.6 mln vs the $33.7 mln consensus.
16:18 RNWK prelim $0.02 vs $0.01 First Call consensus; revs $156.9 mln vs $155.26 mln First Call consensus

16:17 SGEN sees FY08 revs $27-30 mln vs $29.31 mln First Call consensus

16:17 GDI sees Q1 $0.77-0.82 vs $0.84 First Call consensus

16:17 CSTR sees Q1 $0.01-0.08 vs $0.16 First Call consensus; sees revs $175-190 mln vs $138.10 mln First Call consensus

16:16 ATW prelim $1.20 vs $1.16 First Call consensus; revs $111.1 mln vs $109.23 mln First Call consensus

16:16 XXIA prelim $0.11 vs $0.09 First Call consensus; revs $46.4 mln vs $45.10 mln First Call consensus

16:16 OMTR sees FY08 $0.40-0.44 vs $0.43 First Call consensus; sees revs $305-310 mln vs $228.63 mln First Call consensus

16:16 ABXA ABX Air and Red Mountain sign confidentiality and standstill agreement (3.41 +0.09)

Co announces that it has entered into a confidentiality and standstill agreement with Red Mountain Capital Partners, a California investment firm that owns 6.8% of the common shares of ABXA. The agreement is contained in Red Mountain’s Form 13-D filing today with the Securities and Exchange Commission. Under the agreement, ABXA has agreed to provide Red Mountain with certain non-public information about ABXA on a confidential basis. Red Mountain has agreed that it will protect the confidentiality of that information, and that while the agreement remains in effect it will not without board approval acquire in excess of 14.9% of the issued and outstanding Common Stock, solicit proxies with respect to any voting securities of ABXA, seek the nomination of any person to the board of directors of ABXA, submit a proposal for any extraordinary transaction involving ABX Holdings, or otherwise seek to control or influence the management, board of directors or policies of ABXA.
16:16 CSTR prelim $0.29, ex items vs $0.18 First Call consensus; revs $133.3 mln vs $141.21 mln First Call consensus

16:16 SGEN prelim ($0.22) vs ($0.23) First Call consensus; revs $7.8 mln vs $6.17 mln First Call consensus

16:15 GDI prelim $1.18 vs $0.90 First Call consensus; revs $510.3 mln vs $489.98 mln First Call consensus

16:15 OMTR sees Q1 $0.08-0.09 vs $0.08 First Call consensus; sees revs $68-70 mln vs $47.90 mln First Call consensus

16:15 UVV Universal Corp reports 12% increase in revs, EPS of $1.56 vs $1.17 YoY (47.74 +1.0

Reports income from continuing operations for the third quarter of fiscal year 2008 increased by 42% to $50.8 mln, or $1.56 per diluted share. Sales and other operating revenues were up 12% totaling $573 mln in the quarter.
16:14 XOM Exxon Mobil says it won freeze of $12 bln in Venezuela assets - Bloomberg (82.40 +0.80)

16:14 UEPS Net 1 UEPS Techs beats by $0.01, beats on revs (26.25 +0.36)

Reports Q2 (Dec) earnings of $0.36 per share, $0.01 better than the First Call consensus of $0.35; revenues rose 38.2% year/year to $68.5 mln vs the $66 mln consensus.
16:13 TWLL Techwell misses by $0.01, beats on revs; guides Q1 revs in-line (10.24 -0.15)

Reports Q4 (Dec) earnings of $0.22 per share, excluding non-recurring items, $0.01 worse than the First Call consensus of $0.23; revenues rose 3.1% year/year to $16.5 mln vs the $16.2 mln consensus. Co issues in-line guidance for Q1, sees Q1 revs of $15-16 mln vs. $15.29 mln consensus.
16:13 ATVI sees Q4 $0.04 vs $0.04 First Call consensus; sees revs $350.0 mln vs $279.62 mln First Call consensus

16:13 MFE McAfee beats by $0.01, beats on revs; guides Q1 EPS in-line, revs in-line; guides FY08 EPS in-line, revs in-line; board authorizes $750 mln stock repurchase program (31.73 -0.50)

Reports Q4 (Dec) earnings of $0.46 per share, $0.01 better than the First Call consensus of $0.45; revenues rose 16.8% year/year to $356.5 mln vs the $343.3 mln consensus. Co issues in-line guidance for Q1, sees EPS of $0.42-0.47 vs. $0.45 consensus; sees Q1 revs of $345-360 mln vs. $342.72 mln consensus. Co issues in-line guidance for FY08, sees EPS of $1.85-1.95 vs. $1.89 consensus; sees FY08 revs of $1.425-1.525 bln vs. $1.43 bln consensus. Board also authorized a $750 mln stock repurchase program.
16:13 OMTR prelim $0.07 vs $0.08 First Call consensus; revs $43.1 mln vs $41.60 mln First Call consensus

16:13 MGRM Monogram Biosciences reports Q4 EPS of ($0.03) vs ($0.05) First Call consensus; revs rose 34% YoY to $13.7 mln vs $11.64 mln First Call consensus (1.27 +0.01)

16:12 ATVI sees FY08 $1.07 vs $0.96 First Call consensus; sees revs $2.65 bln vs $2.46 bln First Call consensus

16:12 CELL Brightpoint beats by $0.05, beats on revs (12.49 +0.23)

Reports Q4 (Dec) earnings of $0.31 per share, $0.05 better than the First Call consensus of $0.26; revenues rose 140.5% year/year to $1.63 bln vs the $1.54 bln consensus. Gross margin of 7.3%, an increase of 1.1 percentage points from the fourth quarter of 2006 CELL reiterates previously estimated 2008 global sell-in range of 1.25 to 1.35 bln units which will be driven by a high handset replacement cycle; only expect a seasonal decline of approximately 5% to 10% in terms of global handset unit volumes in Q1-08 from Q4-07.
16:11 ATVI prelim $0.90 vs $0.81 First Call consensus; revs $1.48 bln vs $1.39 bln First Call consensus

16:11 APKT Acme Packet reports in-line, guides FY08 below consensus (8.70 -0.32)

Reports Q4 (Dec) earnings of $0.10 per share, excluding non-recurring items, in-line with the First Call consensus of $0.10; revenues rose 32.4% year/year to $31.4 mln vs the $31.8 mln consensus. Co issues downside guidance for FY08, sees EPS of $0.38-0.42 vs. $0.47 consensus; sees FY08 revs of $142-147 mln vs. $151.8 mln consensus.
16:11 TUNE sees FY08 revs $113 mln vs $113.76 mln First Call consensus

16:11 KNXA Kenexa beats by $0.01, reports revs in-line; guides Q1 EPS below consensus, revs below consensus; guides FY08 EPS in-line, revs in-line (17.10 +0.81)

Reports Q4 (Dec) earnings of $0.32 per share, excluding non-recurring items, $0.01 better than the First Call consensus of $0.31; revenues rose 31.0% year/year to $47.7 mln vs the $47.8 mln consensus. Co issues downside guidance for Q1, sees EPS of $0.22-0.23, excluding non-recurring items, vs. $0.30 consensus; sees Q1 revs of $48.2-49.2 mln vs. $50.73 mln consensus. Co issues in-line guidance for FY08, sees EPS of $1.38-1.42, excluding non-recurring items, vs. $1.40 consensus; sees FY08 revs of $221-227 mln vs. $221.28 mln consensus.
16:11 FALC FalconStor Sftwr beats by $0.01, beats on revs; guides FY08 EPS in-line, revs in-line; boosts buyback (8.55 )

Reports Q4 (Dec) earnings of $0.14 per share, $0.01 better than the First Call consensus of $0.13; revenues rose 22.8% year/year to $24.8 mln vs the $23.5 mln consensus. Co issues in-line guidance for FY08, sees EPS of $0.31-0.36 vs. $0.35 consensus; sees FY08 revs of $100-104 mln vs. $101.43 mln consensus. Co also announces it boosted its buyback to 5 mln shares from 2 mln.
16:11 BMC sees FY08 $1.90-1.94, ex-items, vs $1.83 First Call consensus

16:10 CTSH Cognizant Tech beats by $0.03, reports revs in-line; guides Q1 EPS in-line, revs above consensus; guides FY08 EPS above consensus, revs above consensus (27.28 -0.02)

Reports Q4 (Dec) earnings of $0.34 per share, excluding non-cash stock-based Indian fringe benefit tax expense, $0.03 better than the First Call consensus of $0.31; revenues rose 7.5% year/year to $600 mln vs the $594.4 mln consensus. Co issues mixed guidance for Q1, sees EPS of $0.32 vs. $0.32 consensus; sees Q1 revs of at least $640 mln vs. $632.24 mln consensus. Co issues upside guidance for FY08, sees EPS of $1.50 vs. $1.47 consensus; sees FY08 revs of at least $2950 vs. $2.87 bln consensus.
16:10 BMC sees Q4 $0.48-0.52 vs $0.49 First Call consensus; sees revs $450-465 mln vs $447.99 mln First Call consensus

16:10 TUNE sees Q1 revs $24-25 mln vs $24.00 mln First Call consensus

16:09 ESE prelim $0.41, excludes items, vs $0.38 First Call consensus; revs $135 mln vs $143.77 mln First Call consensus

16:09 MTD Mettler-Toledo beats by $0.20, beats on revs; guides Q1 EPS above consensus; guides FY08 EPS above consensus (99.60 +0.80)

Reports Q4 (Dec) earnings of $1.73 per share, excluding non-recurring items, $0.20 better than the First Call consensus of $1.53; revenues rose 15.2% year/year to $532.8 mln vs the $494.9 mln consensus. Co issues upside guidance for Q1, sees EPS of $0.96-0.98 vs. $0.91 consensus. Co issues upside guidance for FY08, sees EPS of $5.30-5.45, excluding non-recurring items, vs. $5.25 consensus; co sees local currency sales growth of 4-6%.
16:08 BOOT LaCrosse Footwear receives $900k order from United State Marine Corps (16.25 +0.05)

16:08 BMC prelim $0.57 vs $0.50 First Call consensus; revs $459 mln vs $440.78 mln First Call consensus

16:08 FALC sees FY08 $0.31-0.36 vs $0.35 First Call consensus; sees revs $100-104 mln vs $101.43 mln First Call consensus

16:08 MFE sees FY08 $1.85-1.95 vs $1.89 First Call consensus; sees revs $1.425-1.525 mln vs $1.43 bln First Call consensus

16:08 TUNE prelim $0.03 vs $0.03 First Call consensus; revs $22.8 mln vs $22.01 mln First Call consensus

16:07 LQDT prelim $0.08 vs $0.09 First Call consensus; revs $59.3 mln vs $54.7 mln First Call consensus

16:07 KNXA prelim $0.32 vs $0.31 First Call consensus; revs $47.7 mln vs $47.78 mln First Call consensus

16:07 CYCL Centennial Comms announces that Thomas McInerney has stepped down as the co’s non-executive Chairman (5.93 -0.03)

16:07 VNUS VNUS Medical Tech beats by $0.14, beats on revs; guides Q1 EPS above consensus, revs in-line; guides FY08 EPS above consensus, revs above consensus (13.27 +0.12)

Reports Q4 (Dec) earnings of $0.05 per share, $0.14 better than the First Call consensus of ($0.09); revenues rose 54.9% year/year to $20.6 mln vs the $18.4 mln consensus. Co issues mixed guidance for Q1, sees EPS of $(0.07)- 0.03 vs. ($0.09) consensus; sees Q1 revs of $18.2-19.2 mln vs. $18.17 mln consensus. Co issues upside guidance for FY08, sees EPS of $0.19-0.24 vs. $0.05 consensus; sees FY08 revs of $82-86 mln vs. $77.60 mln consensus.
16:07 MFE sees Q1 $0.42-0.47 vs $0.45 First Call consensus; sees revs $345-360 mln vs $342.72 mln First Call consensus

16:06 GCOM sees FY08 $0.70 vs $0.71 First Call consensus; sees revs $190-200 mln vs $193.96 mln First Call consensus

16:06 FALC prelim $0.14 vs $0.13 First Call consensus; revs $24.8 mln vs $23.49 mln First Call consensus

16:06 SRVY sees FY08 revs $143-153 mln vs $144.83 mln First Call consensus

16:06 BLKB prelim $0.23 vs $0.22 First Call consensus; revs $70.00 mln vs $67.96 mln First Call consensus

16:06 TTMI sees Q1 $0.20-0.25 vs $0.21 First Call consensus; sees revs $168-176 mln vs $168.52 mln First Call consensus

16:06 GME Gamestop announces bond buyback program of up to $130 mln of the Senior Notes (49.45 -0.11) -Update-

16:06 MFE prelim $0.46 vs $0.45 First Call consensus; revs $356.5 mln vs $343.26 mln First Call consensus

16:06 VOLC Volcano announces FDA 510k clearance of revolution rotational catheter and FFR for the s5i integrated IVUS console (11.41 +0.47)

16:06 EQ prelim $1.23 vs $1.11 First Call consensus; revs $1.58 bln vs $1.59 bln First Call consensus

16:05 MFE McAfee Board authorizes $750 mln stock repurchase program (31.73 -0.50) -Update-

16:05 GCOM prelim $0.18 vs $0.16 First Call consensus; revs $54.4 mln vs $46.52 mln First Call consensus

16:05 APKT sees FY08 $0.38-0.42 vs $0.47 First Call consensus; sees revs $142-147 mln vs $151.8 mln First Call consensus

16:05 TTMI prelim $0.22, ex items, vs $0.21 First Call consensus; revs $167.5 mln vs $168.87 mln First Call consensus

16:05 SRVY prelim $0.17 vs $0.15 First Call consensus; revs $38.39 mln vs $35.25 mln First Call consensus

16:05 CTSH sees Q1 $0.32 vs $0.32 First Call consensus; sees revs $640.00 mln vs $632.24 mln First Call consensus

16:05 IN Intermec beats by $0.04, beats on revs; guides Q1 EPS in-line, revs in-line (20.48 )

Reports Q4 (Dec) earnings of $0.27 per share, $0.04 better than the First Call consensus of $0.23; revenues rose 15.5% year/year to $253 mln vs the $236.2 mln consensus. Co issues in-line guidance for Q1, sees EPS of $0.10-0.13 vs. $0.10 consensus; sees Q1 revs of $208-213 vs. $203.67 mln consensus.
16:04 NANX sees FY08 revs $12.82-14.04 mln vs $15.44 mln First Call consensus

16:04 VNUS sees FY08 $0.19-0.24 vs $0.05 First Call consensus; sees revs $82-86 mln vs $77.60 mln First Call consensus

16:04 UEPS prelim $0.36 vs $0.35 First Call consensus; revs $$68.50 mln vs $66.00 mln First Call consensus

16:03 CELL reiterates previously estimated 2008 global sell-in range of 1.25 to 1.35 bln units which will be driven by a high handset replacement cycle

16:03 AOC prelim $0.69 vs $0.66 First Call consensus; revs $2.03 bln vs $2.13 bln First Call consensus

16:03 PHTN sees Q2 ($0.11-0.05) vs ($0.11) First Call consensus; sees revs $36-38 mln vs $24.87 mln First Call consensus

16:02 TKLC prelim $0.21 vs $0.18 First Call consensus; revs $115.23 mln vs $114.93 mln First Call consensus

16:02 CSTR Coinstar announces agreement to expand Coinstar Centers and Redbox in Wal-Mart locations (29.06 )

16:02 APKT Acme Packet announces planned retirement of Chief Financial Officer (8.68 -0.32)

Co announced that Mr. Keith Seidman, the Company’s Chief Financial Officer and Treasurer, plans to retire. Company plans to retain an executive search firm to assist in the recruitment process.
16:02 VNUS sees Q1 $(0.07)-(0.03) vs ($0.09) First Call consensus; sees revs $18.2-19.2 mln vs $18.17 mln First Call consensus

16:02 ALNY prelim $0.04 vs ($0.22) First Call consensus; revs $18.2 mln vs $18.27 mln First Call consensus

16:02 CTSH prelim $0.36 vs $0.31 First Call consensus; revs $600 mln vs $594.41 mln First Call consensus

16:02 APKT prelim $0.10 vs $0.10 First Call consensus; revs $31.4 mln vs $31.8 mln First Call consensus

16:02 OTEX prelim $0.50 vs $0.48 First Call consensus; revs $182.5 mln vs $173.58 mln First Call consensus

16:01 ITMN prelim ($0.66) vs ($0.73) First Call consensus; revs $9.6 mln vs $9.67 mln First Call consensus

16:01 ALKS prelim $0.03, ex items vs ($0.01) First Call consensus; revs $50.8 mln vs $54.80 mln First Call consensus

16:01 NANX expects FY08 revenue growth of 5% to 15%

16:01 CELL prelim $0.31 vs $0.26 First Call consensus; revs $1.63 bln vs $1.54 bln First Call consensus

16:01 RLRN Renaissance Learning authorizes additional stock repurchase of additional 1.2 million shares (13.86 +0.23)

16:01 PHTN prelim ($0.31) vs ($0.32) First Call consensus; revs $16.2 mln vs $16.67 mln First Call consensus

16:01 VNUS prelim $0.05 vs ($0.09) First Call consensus; revs $20.6 mln vs $18.37 mln First Call consensus

16:01 LDG Longs Drug reports January same store sales +1.2%, reports Q4 same store sales +0.7% (46.70 +1.5

16:01 ALKS Alkermes announces $60 mln accelarated share repurchase program (13.65 +0.34)

16:01 RMD prelim $0.34, may not be comparable to $0.37 First Call consensus; revs $202.68 mln vs $202.19 mln First Call consensus

16:00 NANX prelim ($0.06) vs ($0.05) First Call consensus; revs $2.62 mln vs $2.70 mln First Call consensus

16:00 CBST Cubist Pharma repurchases $50 million of its 2.25% convertible subordinated notes due June 15, 2013 (18.32 +0.10)

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08:23 TJX guides Q4 EPS to high end of anticipated range of $0.60-$0.63 vs consensus of $0.62

08:22 BONDX Stepping Higher

The bond market is lightly bid this morning with Europe leading the charge on weaker data, cautious central banks & slumping stocks. Similar sentiment is carrying over into the open here as stocks point to a soft opening with help from disappointing earnings out of Cisco. Naturally all of this is putting a bid in bonds to begin the day with a run of middling data to come. The 2-10-yr yield spread remains well-steep at 168.3. Bond prices in the EuroZone are holding firm following weak German factory orders & the as-expected non-move by the ECB on policy rates. In Japan, bonds bucked the trend & lost ground on the day with blows from more official talk of no room for rate cuts & stocks squeezing out gains. Treasuries will be eyeing the jobless claims data following last week’s 375K print. Also up is another (likely) bad housing report & some Fed-speak. Bonds will be weighed on by supply with $9B 30-yrs hitting the market. Headlines are getting a tiny bit more positive on the bond insurers with MBIA potentially retaining their AAA rating which may take some of the flight-to-quality out of treasuries, leaving prices exposed to the downside. The buck is better on the euro as the move to stick on rates in the EuroZone should be followed with official talk of coming cuts, leaving the euro off against the yen as well. The yen is better on the buck, back to levels last seen at the start of the month & now looking to go back through 106.00. Gold has backed off earlier gains off of supply issues now 903.38 (+2.7 after ticking through 911. Crude has dipped some now 86.88 (-.26). Data has initial jobless claims (8:30), pending home sale (10) & consumer credit (15). Fed-speak has Atlanta’s Lockhart talks credit markets (8:30) & Dallas’ Fisher late (13). There is another auction up with an offering of $9B 30-yrs. The euro is at 1.4570 & the yen is at 106.1200 while the 10-yr yield is +07/32 yielding 3.565%.
08:21 YHOO Yahoo!: Stifel believes shares fully valued, swap into GOOG (28.57 )

Stifel calculated the expected value of YHOO shares at $29.72 per share, reflecting the estimated probability of several potential outcomes for Yahoo! in the wake of the Microsoft hostile takeover offer. Given the narrow 4% premium of expected value over the current share price, firm believes Yahoo! shares are fully valued and they would endorse swapping out of Yahoo! into shares of Google. Firm notes five scenarios: 1) MSFT succeeds in its current bid (30% chance); 2) MSFT wins with a higher $32 bid (40% chance); 3) MSFT wins, deal blocked, stock to $25 (10% chance); 4) Competing takeover offer at $34 (10% chance); 5) Yahoo! stays independent, stock to $23 (10% chance).
08:21 AG AGCO Corp beats by $0.19, beats on revs; reiterates prior FY08 guidance, which is below consensus (57.96 )

Reports Q4 (Dec) earnings of $0.82 per share, excluding non-recurring items, $0.19 better than the First Call consensus of $0.63; revenues rose 32.9% year/year to $2.17 bln vs the $1.91 bln consensus. Co reiterates prior guidance for FY08; co is targeting EPS of $2.75 with a goal of getting to $3.00 vs. $3.21 consensus; sees FY08 revs of $7.58-7.72 bln vs. $7.51 bln consensus. Co says all of its major end markets continued to experience solid demand through the end of 2007. Worldwide industry retail sales of farm equipment in 2008 are expected to increase modestly from strong 2007 levels.
08:20 GET Gaylord Entertain announces $80 mln stock repurchase program (30.47 )

08:20 IDEV prelim ($0.19) vs ($0.23) First Call consensus; revs $16.4 mln vs $15.64 mln First Call consensus

08:19 DB Deutsche Bank CEO says we don’t need capital injection; many parties interested in investing in us - DJ (108.57 )

08:18 Fuel prices will make airline margers take off - NY Post

NY Post reports stung by high jet fuel prices and worried about what a recession will do to their businesses, the nation’s airlines are considering a lot of different formations… Deals are being considered, especially the combination of DAL with just about anyone, but especially NWA. “If Delta and Northwest do a deal,” says a source close to the airline industry “then you are potentially going to see a chain reaction.” Delta, which exited bankruptcy last April, has already admitted it is speaking with Northwest and UAUA. And its creditors committee turned down a deal from US Airways when it was still under court protection. A deal between Northwest and Delta is the most likely. The experts say that regulators would be more reluctant to let Delta, which is No. 3 in the industry, merge with United, the second biggest, than with No. 5 Northwest.
08:18 IAR Idearc beats by $0.12, reports revs in-line (15.22 )

Reports Q4 (Dec) earnings of $0.75 per share, excluding non-recurring items, $0.12 better than the First Call consensus of $0.63; revenues fell 1.7% year/year to $787 mln vs the $791.9 mln consensus. “While we are certainly facing some economic headwinds in the current marketplace, we firmly believe the right strategy and assets are in place to maximize the long-term value of our business.
08:18 RIMM Research In Motion Blackberry demand remains strong, Lehman says- Bloomberg (84.10 )

08:17 SNMX Senomyx beats by $0.06, beats on revs; issues below consensus FY08 EPS and rev guidance (6.69 )

Reports Q4 EPS of ($0.15) vs ($0.21) First Call consensus; revs of $6.4 mln vs $5.87 mln First Call consensus. SNMX sees FY08 ($0.75-0.85) vs ($0.5 First Call consensus; sees revs $20-24 mln vs $27.56 mln First Call consensus.
08:17 EDS EDS: Strong FCF, solid signings will be overshadowed by big EPS miss; cuts tgt to $24 - Stifel (19.61 )

Stifel notes EDS reorted 4Q07 revenue and EPS below expectations, the latter worse due to lower than expected tax rate. While firm believes the market will focus mainly on the miss, and that it was largely driven by year-end contract performance issues, there were several notable positives in the quarter (e.g., FCF), and EDS shares’ valuation will likely remain attractive. Firm cuts tgt to $24 from $28.
08:17 PHX Panhandle Royalty reports Q4 EPS of $0.41, revs increase 54% y/y (28.62 )

Reports Q4 (Dec) earnings of $0.41 per share, no estimates; compared to $0.23 year ago. Revenues increase 54% year/year to $13.7 mln. Co states, “We continue to see significant new drilling activity and well proposals on the Company’s mineral acreage in the unconventional natural gas plays. Through Jan 2008, we have agreed to participate with a working interest in the drilling of 71 wells in the Woodford shale in southeast Oklahoma and 29 wells in the Fayetteville shale in Arkansas…”
08:17 SEP Spectra Energy LP beats by $0.01, beats on revs (25.00 )

Reports Q4 cash available for distribution per limited partner unit of $0.30 per share, earnings per limited partner unit of $0.33, beating the First Call consensus of $0.29; revenues rose 12.0% year/year to $26.2 mln vs the $25.3 mln consensus.
08:16 Bernake said the central bank is “closely monitoring developments” with bond insurers - NY Post

NY Post reports Federal Reserve Chairman Ben Bernanke said the central bank is “closely monitoring developments” with bond insurers, including the potential effects of ratings downgrades for banks. “Given the adverse effects that problems of financial guarantors can have on financial markets and the economy, we are closely monitoring developments,” Bernanke wrote in a Feb. 4 letter, responding to an inquiry last month from Rep. Paul Kanjorski, a Pennsylvania Democrat who leads the House Capital Markets Subcommittee. Kanjorski released the letter along with responses from other state and federal regulators. “In addition, we are closely monitoring the potential effect of downgrades of financial guarantors on bank holding companies, state member banks, and other institutions supervised by the Federal Reserve,” Bernanke wrote. “We believe we have the appropriate tools to assess exposures to bond insurers of the banks that we supervise.” Banks have “significant exposures” to the bond insurers and could be forced to “bring a sizable volume of assets” onto their books because of lower ratings, Bernanke added.
08:16 AG sees FY08 $2.75-3.00 vs $3.21 First Call consensus; sees revs $7.58-7.72 bln vs $7.51 bln First Call consensus

08:15 MGPI MGP Ingredients reports Q2 (Dec) results, misses on revs (8.52 )

Reports Q2 (Dec) earnings of $0.30 per share, including a $7 mln gain on settlement of litigation, net of related expenses, without which the company would have reported a loss before taxes of $2 mln vs the First Call consensus of $0.01; revenues rose 7.1% year/year to $93.9 mln vs the $100.6 mln consensus.
08:15 LVLT Level 3 beats by $0.05, beats on revs (3.14 )

Reports Q4 (Dec) loss of $0.06 per share, $0.05 better than the First Call consensus of ($0.11); revenues rose 30.0% year/year to $1.1 bln vs the $1.08 bln consensus. “We continue to expect growth in the 8-13% range for Core Communications Services revenue for the full year 2008. We expect growth to pick up over the course of the year consistent with historical trends and that our sales and install rates will increase over the course of the year compared to what we experienced in the second half of 2007. In addition, we expect 2008 Consolidated Adjusted EBITDA to range from $950 mln to $1.10 bln in 2008… In the first quarter 2008, we expect to experience the pattern of seasonality with regards to certain Core Communications Services revenue that we have seen over the last few years, with seasonally high revenue in the fourth quarter and seasonally lower revenue in the first quarter.”
08:14 FTE France Telecom: France says no plans to sell France Telecom shares - Bloomberg.com (34.33 )

Bloomberg.com reports the French government has no plans to sell France Telecom SA shares refuting speculation by analysts and investors and sending the stock to its biggest gain in more than three months. Analysts including Rob Goyens of Dexia Bank NV in Brussels have said the government, which owns 27.4% of the former monopoly, could sell shares after a lockup ended following yesterday’s earnings report. In June, it sold a 5% stake in Europe’s phone company to cut public debt… France Telecom yesterday reported net income rose 52% to 6.3 billion euros ($9.2 billion) after the co added mobile subscribers, cut jobs in its fixed-line business and had a lower tax bill.
08:14 OFG Oriental Fincl Grp reports Q4 EPS of $0.59 vs $0.34 consensus (16.88 )

08:14 AG prelim $0.82 vs $0.63 First Call consensus; revs $2.17 bln vs $1.91 bln First Call consensus

08:14 Fed’s Lockhart says recent policy easing, liquidity injections should help markets stabilize - Reuters

Fed Lockhart says foreign investors likely will be more selective when investing in U.S. credit markets.
08:13 States say mortgage companies fall short on loan modification - WSJ

WSJ reports mortgage cos have stepped up their efforts to work with delinquent borrowers, but their actions aren’t keeping up with the rapid rise in bad loans, a new study by state officials suggests. The study, compiled by the State Foreclosure Prevention Working Group, which includes state attorneys general and banking regulators from 11 states, found that mortgage-servicing cos working with troubled borrowers in Oct were looking to modify 45% of the loans. The mortgage cos expect less than 7% of the troubled borrowers to come up with the funds to make the loan current. A loan modification can involve changing or freezing the interest rate on the loan, extending the term of the loan or reducing the amount owed. By contrast, less than 10% of such efforts completed in October involved a change in the terms of the borrower’s loan while nearly three-quarters of such efforts involved the borrower coming up with funds to make the loan current.
08:13 ARW Arrow Elec beats by $0.04, beats on revs; guides Q1 EPS in-line, revs in-line (32.40 )

Reports Q4 (Dec) earnings of $0.97 per share, $0.04 better than the First Call consensus of $0.93; revenues rose 26.5% year/year to $4.42 bln vs the $4.32 bln consensus. Co issues in-line guidance for Q1, sees EPS of $0.84-0.91, excluding estimated amortization of intangible assets, vs. $0.87 consensus; sees Q1 revs of $3.925-4.225 bln vs. $4.06 bln consensus.
08:11 ARJ Arch Chemicals reports Q4 (Dec) results, beats on revs; guides FY08 EPS in-line (34.26 )

Reports Q4 (Dec) earnings of $0.42 per share, including $0.30 of special items, may not be comparable to the First Call consensus of $0.24; revenues rose 12.0% year/year to $344.2 mln vs the $336.3 mln consensus. Co issues downside guidance for Q1, sees Q1 EPS of $0.10-0.15 vs $0.31 consensus. Co issues in-line guidance for FY08, sees EPS of $2.55-2.65, excluding non-recurring items, vs. $2.62 consensus.
08:11 KTEC Key Technology beats by a penny, beats on revs (34.74 -0.35)

Reports Q4 (Dec) earnings of $0.20 per share, $0.01 better than the First Call consensus of $0.19; revenues rose 28% year/year to $28.9 mln vs the $28.0 mln consensus.
08:11 CHUX O’Charley’s misses by $0.08; increases buyback by $20 mln; reports Q4 same store sales; guides FY08 EPS below consensus (13.50 )

Reports Q4 (Dec) earnings of $0.12 per share, $0.08 worse than the First Call consensus of $0.20; revenues fell 10.5% year/year to $215.2 mln vs the $223.8 mln consensus. CHUX reports Stoney River Q4 same store sales -4.5% vs -0.1% Briefing.com consensus. CHUX sees O’Charley’s Q4 same store sales -4.3% vs -1.7% Briefing.com consensus. CHUX reports Ninety-Nine Q4 same store sales -2.6% vs 1.3% Briefing.com consensus. CHUX sees Y08 same store sales flat or declining. CHUX announces that its Board of Directors have approved a $20 mln increase in the co’s share repurchase authorization. Co issues downside guidance for FY08, sees EPS of $0.75-0.90 vs. $0.92 consensus.
08:10 PTIE Pain Therapeutics misses by $0.02, misses on revs (8.76 )

Reports Q4 (Dec) earnings of $0.02 per share, $0.02 worse than the First Call consensus of $0.04; revenues rose 122.0% year/year to $14.1 mln vs the $14.8 mln consensus. Co anticipates being cash flow positive in 2008. Co also anticipates receiving $20.0 mln of cash milestone payments in 2008 under its strategic alliance with King Pharmaceuticals.
08:09 TZIX TriZetto Group: Wins BCBS and RI contract; sales momentum builds for 2008 - Caris (18.92 )

Caris says having won both the Blue Shield of California and Blue Cross and Blue Shield of Rhode Island contracts, TZIX is quickly becoming the managed care industry’s healthcare IT system provider of choice. By leveraging these two contracts win, firm believes TZIX could build considerable sales momentum in 2008. Reflecting the BCBS-RI contract impact, firm raises their 2008 EPS to $0.73 from $0.72 and 2009 EPS to $0.85 from $0.81. THey recommend investors to look carefully at this managed care Healthcare IT provider story.
08:09 RSYS RadiSys announces the pricing of its $50 mln offering of convertible senior notes due 2013, conversion price of ~$13.03 per share (10.68 )

08:09 PMTI Palomar Medical misses by $0.03, misses on revs (13.49 )

Reports Q4 (Dec) earnings of $0.22 per share, $0.03 worse than the First Call consensus of $0.25; revenues fell 28.4% year/year to $28.2 mln vs the $31.2 mln consensus.
08:09 IT Gartner beats by $0.01, beats on revs; guides FY08 EPS in-line, revs in-line (14.77 )

Reports Q4 (Dec) earnings of $0.37 per share, $0.01 better than the First Call consensus of $0.36; revenues rose 14.6% year/year to $348.4 mln vs the $340.6 mln consensus. Co issues in-line guidance for FY08, sees EPS of $0.90-1.00 vs. $0.99 consensus; sees FY08 revs of $1.300-1.325 bln vs. $1.31 bln consensus. Co announces that its board of directors has authorized the use of up to $250 mln for the repurchase of its common stock.
08:09 NEM Newmont Mining reports Q4 production; expects comparable gold sales in 2008 (49.87 )

For Q4 co reported equity gold sales of 1.4 mln ounces at costs applicable to sales of $384 per ounce. For the year ended December 31, 2007, the co reported equity gold sales of 5.3 mln ounces at costs applicable to sales of $406 per ounce. Consolidated capital expenditures for the quarter and year ended December 31, 2007 were $511 mln and $1.7 bln, respectively, which were below the Company’s original outlook of $1.8 to $2.0 bln for 2007. said, “We are pleased with our operating results from the fourth quarter, resulting in gold sales performance consistent with our original expectations for the year. We expect our 2008 gold sales performance to be comparable with our 2007 results, with equity gold sales expected to be between 5.1 and 5.4 mln ounces at costs applicable to sales of between $425 and $450 per ounce. Building on our strong operating performance from the third and fourth quarters of 2007, as well as the momentum we established with the completion of our Miramar acquisition and the sale of our royalty assets and certain other equity interests in December, we have embarked on 2008 with a renewed focus on operational and project execution as well as financial performance.” The Company expects to realize cost savings in Nevada of approximately $25 per ounce annually from its Nevada power plant investment that is expected to be commissioned by mid-2008.
08:08 ERJ Embraer: Universal airlines buys six Embraer 195 Jets (42.16 )

The co announces it has signed a firm order with JJH Capital, owned by Juan Jose Hidalgo, President of Air Europa and Globalia, for six EMBRAER 195 jets, plus purchase rights for another six aircraft. The total value of the deal is $237 mln, at list price, based on January 2008 economic conditions, and could double, if all purchase rights are confirmed. This deal is already included in Embraer’s fourth quarter firm order backlog as “undisclosed”.
08:08 IP Intl Paper beats by $0.04, beats on revs (30.92 )

Reports Q4 (Dec) earnings of $0.69 per share, $0.04 better than the First Call consensus of $0.65; revenues rose 9.7% year/year to $5.84 bln vs the $5.63 bln consensus.
08:08 RVSN RADVision reports EPS in-line, beats on revs; guides Q1 EPS below consensus, revs below consensus

Reports Q4 (Dec) earnings of $0.11 per share, in-line with the First Call consensus of $0.11; revenues fell 11.9% year/year to $22.3 mln vs the $22 mln consensus. Co issues downside guidance for Q1, sees EPS of ($0.1 vs. $0.07 consensus; sees Q1 revs of $20.0 mln vs. $21.00 mln consensus.
08:08 PSMT PriceSmart reports January comparable warehouse sales of +20.6% (no estimates) (26.07 )

08:07 TYL Tyler Tech wins $2.7 million Odyssey Courts & Justice software contract with Galveston County, Texas (13.68 )

08:07 ARW prelim $0.97, ex items vs $0.93 First Call consensus; revs $4.42 bln vs $4.32 bln First Call consensus

08:06 BHI Baker Hughes announces January 2008 rig counts (65.37 )

Co announces that the international rig count for January 2008 was 1,053, up 17 from the 1,036 counted in December 2007, and up 81 from the 972 counted in January 2007. The international offshore rig count for January 2008 was 291, unchanged from the 291 counted in December 2007 and up 15 from the 276 counted in January 2007. The international rig count for January 2008 reflects a 16 rig increase in Europe. Included in the European rig count is a 17 rig increase in Romania compared to December 2007. The increase in Romania is attributable to improved visibility and coverage of rig activity in the country as well as higher levels of overall activity. The US rig count for January 2008 was 1,749, down 62 from the 1,811 counted in December 2007 and up 35 from the 1,714 counted in January 2007. The Canadian rig count for January 2008 was 494, up 134 from the 360 counted in December 2007 and down 74 from the 568 counted in January 2007.
08:06 ARO Aeropostale reports Jan same store sales +4.7% vs +3.3% Briefing.com consensus; reaffirms Q4 EPS guidance (26.51 )

Co reaffirms EPS guidance for Q4 (Jan), sees EPS of $0.87 vs. $0.88 First Call consensus; preannounces Q4 (Jan) revs of $583.6 mln vs. $585.72 mln consensus.
08:06 MESA Mesa Air reports January traffic including go! Hawaii’s low fare airline (3.66 )

The co reports its preliminary traffic figures for January 2008. Year-over-year available seat miles decreased 11.76% in January 2008 to 690,205 compared to 782,157 in January 2007. Revenue passenger miles decreased 13.15% from 537,740 in 2007 to 467,045 in 2008. Passenger enplanements decreased 14.33% from 1,267,414 in January 2007 to 1,085,778 in January 2008. Year-over-year load factor for the month of January was 67.67% in 2008 compared to 68.75% in 2007. go!’s preliminary traffic figures for January 2008 indicate that its operations generated 11.02 million available seat miles, 6.43 million revenue passenger miles and 43,763 passenger enplanements, resulting in a load factor of 58.36%, compared to 58.41% in 2007. Hawai’i’s low fare leader also recorded an on-time performance rate of 92.5% and an overall completion factor of 99.9% for January 2008.
08:06 SNMX prelim ($0.15) vs ($0.21) First Call consensus; revs $6.4 mln vs $5.87 mln First Call consensus

08:05 Crude: Downward slide expected to continue - Caris

Caris reaffirms their view that the price of oil is headed lower as fundamentals ease thanks to the combination of higher OPEC production, building inventories and demand worries. Firm says technical analysis indicates that oil could well breach the $80/bbl level and they believe that this could occur by the end of the first quarter. Firm maintains their ‘08 NYMEX WTI crude oil price forecast of $72.25/bbl. On the bright side, lower oil prices should ease consumers’ worries of $4/gallon gasoline at the pump this summer. A crude price drop would negatively impact crude-focused producers while benefiting refiners, particularly asphalt-focused producers such as Alon USA (ALJ) and Marathon (MRO).
08:05 RGEN Repligen reports Q4 EPS of ($0.01) vs ($0.05) First Call consensus; revs $4.6 mln vs $3.70 mln First Call consensus (6.42 )

We have previously met with the FDA to discuss the results of our Phase 2 clinical study of RG1068, synthetic human secretin, for MRI imaging of the pancreas and we believe that a single positive Phase 3 clinical trial of similar design to the Phase 2 study will be sufficient for an NDA filing. We have finalized the Phase 3 protocol and we plan to initiate the study later this quarter. We believe there may be more than 150,000 pancreatic MRI imaging procedures conducted in the U.S. each year that could benefit from the use of secretin.
08:05 CHUX reports Stoney River Q4 same store sales -4.5% vs -0.1% Briefing.com consensus

08:04 KUN China Shenghuo Pharma to market 12Ways Skin Care Products in the US through agreement with Home Shopping Group (5.04 )

08:04 JAS Jo-Ann Stores preannounces FY08 revs in-line (13.36 )

Co issues in-line guidance for FY08 (Jan), sees FY08 (Jan) revs of $1.88 bln vs. $1.88 bln First Call consensus. Same-store sales increased 3.3% in the fourth quarter and 3.5% for the full-year
08:04 PTIE prelim $0.02 vs $0.04 First Call consensus; revs $14.05 mln vs $14.83 mln First Call consensus

08:04 CHUX reports Ninety-Nine Q4 same store sales -2.6% vs 1.3% Briefing.com consensus

08:04 ORLY O’Reilly Auto enters into standstill agreement with CSK Auto (29.26 )

ORLY announces that it has entered into a Standstill Agreement with CSK Auto Corporation (CAO) and will participate in CAO’s previously announced process. O’Reilly does not intend to provide any further updates with regards to the standstill agreement.
08:04 GPS Gap Inc guides Q4 above consensus; reports Jan same store sales -2.0% vs -6.4% Briefing.com consensus (18.33 )

Co expects Q4 (Jan) EPS of $0.33-0.35 vs Fist Call consensus of $0.29 “January is a clearance month for our company and our brands focused on selling their holiday merchandise to make room for spring assortments…Despite the fact that we entered the month with more units than we had planned, our efforts to clear merchandise were successful and total company merchandise margins were slightly above last year.”
08:04 KTEC prelim $0.20 vs $0.19 First Call consensus; revs $28.9 mln vs $28.00 mln First Call consensus

08:04 PMTI prelim $0.22 vs $0.25 First Call consensus; revs $28.2 mln vs $31.16 mln First Call consensus

08:03 CHUX sees O’Charley’s Q4 same store sales -4.3% vs -1.7% Briefing.com consensus

08:03 BLL Ball Corp wins Warfighter Interface Research & Technology Operations Contract for $49 mln (44.23 )

08:03 ANF Abercrombie reports Jan same store sales 0.0% vs 0.0% Briefing.com consensus (18.37 )

Co issues in-line preannouncement for FY08 (Jan), sees FY08 (Jan) revs of $3.75 bln vs. $3.79 bln First Call consensus.
08:02 TMTA Transmeta announces engagement of financial advisor to help identify options to enhance shareholder value (13.76 )

The co announces that it has engaged Piper Jaffray to work with the co’s Board of Directors and management team to help identify options to enhance shareholder value. Piper Jaffray will also assist the co in evaluating and responding to the unsolicited, highly conditional, indication of interest from Riley Investment Management. The co also announced that the Board is undertaking a thorough and prompt assessment of the unsolicited indication of interest from RIM. The co noted that it does not expect to have completed that assessment by RIM’s requested February 8, 2008 date.
08:02 MGPI prelim $0.30 includes gain, not comparable vs $0.01 First Call consensus; revs $93.9 mln vs $100.55 mln First Call consensus

08:02 SHRP Sharper Image reports January same store sales -11% vs -10.0% Briefing.com consensus (2.28 )

08:02 CHUX sees Y08 same store sales flat or declining

08:02 BJ BJ’s Wholesale reports Jan same store sales +7.8% vs +4.6% Briefing.com consensus

08:02 RZ Raser Technologies: PG&E signs agreement to purchase plug-in hybrid SUVs from Raser Technologies (8.78 )

Pacific Gas and Electric (PCG) announces it has entered into an agreement with Raser Technologies(RZ) for the purchase and demonstration of two plug-in series hybrid electric sport utility vehicles. The vehicles are designed to achieve over 100 miles per gallon in typical daily driving, while operating in near zero emission mode.
08:02 CHUX sees FY08 $0.75-0.90 vs $0.92 First Call consensus

08:02 IP prelim $0.69 vs $0.65 First Call consensus; revs $5.84 bln vs $5.63 bln First Call consensus

08:02 NAPS Napster: Cantor reducing ests, tgt on lower sub growth assumptions (1.73 )

Cantor notes yesterday that NAPS reported fiscal 3Q08 results (Dec 2007 calendar quarter). The co reported rev of $32.8 mln, below their forecast of $33.4 mln. The shortfall was due primarily to the lack of growth in the co’s subscriber base. The co ended the quarter with 743k subs vs. their expectation of 860k. The co also exhibited a slower than expected ramp in mobile music sub growth. Firm has reduced their FY08 and FY09 ests based on the co’s updated guidance and firm’s new reduced subscriber assumptions. They have reduced their assumption for FY09-end subscriber total to 832k from 1.06 mln. Firm’s FY08 rev projection is reduced from $133 mln to $126.7 mln. Firm’s FY09 revenue projection is reduced from $156 mln to $128.5 mln.
08:02 S&P futures vs fair value: -9.6. Nasdaq futures vs fair value: -28.5.

Stock futures point to a negative start. The Nasdaq 100 is set to underperform due to a disappointing outlook from Cisco (CSCO). January same-store sales have not been strong. Wal-Mart (WMT) reported a smaller sales increase than expected, although Costco (COST) managed to top its estimates. The Bank of England decided to cut rates by 25 basis points to 5.25% and the European Central Bank held rates steady at 4.00%. The banks’ decisions were expected. Bond insurer MBIA (MBI) is getting a boost on news of a $750 million common stock offering that may help the company retain its AAA rating.
08:02 STJ St. Jude Medical announces clinical study of deep brain stimulation for depression (40.63 )

Co announces it has received an Investigational Device Exemption from the U.S. Food and Drug Administration to begin enrollment in a controlled, multi-site, blinded, clinical study of deep brain stimulation for major depressive disorder, a severe form of depression.
08:01 FDO Family Dollar reports January same store sales of 0.0% vs -0.2% breifing consensus (18.18 )

08:01 DDS Dillard’s reports Jan same store sales -12.0% vs -5.0% Briefing.com consensus (18.37 )

Co issues downside preannouncemet for FY08 (Jan), sees FY08 (Jan) revs of $7.20 bln vs. $7.38 bln First Call consensus.
08:01 CHUX announces that its Board of Directors have approved a $20 mln increase in the co’s share repurchase authorization

08:01 IMX Implant Sciences receives development contract from Department of Homeland Security (1.00 )

Co announces the award of a six month $100,000 Phase I Small Business Innovation Research contract by the Department of Homeland Security, Science & Technology Directorate for the development of a handheld trace explosives sampler.
08:01 LVLT prelim ($0.06) vs ($0.11) First Call consensus; revs $1.1 bln vs $1.08 bln First Call consensus

08:01 CHUX prelim $0.12 vs $0.20 First Call consensus; revs $215.2 mln vs $223.76 mln First Call consensus

08:00 ZANE Zanett Reiterates Fourth Quarter Guidance for Q4 Revenue to Rise 8-12%; $10 Million in New Contracts since January 1st - no ests

…
07:58 Cisco not the positive boost that EMS bulls were looking for - Citi

Citigroup says that CSCO’s report is not good news for the EMS co’s, since CSCO’s outlook is key for EMS demand visibility. Cisco commented that trends slowed in Jan below plan, and while many of the EMS companies claimed on their recent earnings conference calls that they are not seeing a slowdown, firm believes that a much more tempered EMS demand build is soon in the works. Firm says EMS company exposure to Cisco include: JBL >10%, SMOD 12%, CLS <10%, FLEX 6- 8%, SANM ~2%.
07:58 Northern Rock to be classified as Public-Sector company - WSJ

WSJ reports struggling mortgage lender Northern Rock will be reclassified as a public co and its debt brought on to the govt’s accounts, Britain’s Office for National Statistics said on Thursday. The move means that Prime Minister Gordon Brown’s government will be at risk of breaching its rule to keep debt below 40% of gross domestic product income. The statistics office said the Newcastle-based lender would be classified as a “public financial corporation,” but stressed it wasn’t being nationalized.
07:58 ARJ sees FY08 $2.55-2.65 vs $2.62 First Call consensus

07:57 ARJ prelim $0.42, includes a $0.30 benefit, may not be comparable to $0.24 First Call consensus; revs $344.2 mln vs $336.27 mln First Call consensus

07:56 BONT Bon-Ton Stores reports Q4 revs of $1.14 bln vs $1.16 bln First Call consensus; Jan same store sales -1.3% vs -6.0% Briefing.com consensus (6.14 )

“January sales were slightly below expectations, but we are pleased with the early results of our semi-annual home sale that began in the third week of January. This is the first big event of the new season and we had double-digit increases as the customer responded favorably to our new spring assortment in both soft and hard home. Other businesses that performed well included shoes, petites and children’s. The weakest performing businesses were missy outerwear, dresses, juniors and furniture. As we enter the new fiscal year, we are comfortable with our inventory levels, which are down 4% on a comparable store basis. We are well-positioned to execute our merchandise strategies to drive our business.”
07:56 Senate Stimulus Bill fails to advance - WSJ

WSJ reports Senate Democrats’ plan to jump-start the economy failed to clear a hurdle, leaving in limbo the effort to provide rebate checks to mlns of people and tax breaks to businesses. Supporters of the Senate bill fell one vote short of the 60 needed to advance it, as most Republicans stuck together to oppose a plan for rebate checks of at least $500 to an estimated 135 mln households in this election year. Eight Republicans broke with their leadership and supported the bill, including four who are up for re-election. Senators still hope to send an economic-stimulus bill to President Bush by midmonth, though last night’s vote increases the chances the Senate will have to move closer to a House-passed package to meet that goal. A spokesman for Senate Majority Leader Harry Reid (D., Nev.) said the senator “is going to give Republicans another chance to reconsider their vote.”
07:55 ASPM Aspect Medical beats by $0.03, reports revs in-line; guides Q1 slightly below consensus (12.03 )

Reports Q4 (Dec) earnings of $0.02 per share, $0.03 better than the First Call consensus of ($0.01); revenues fell 0.1% year/year to $23.9 mln vs the $23.9 mln consensus. Co issues downside guidance for Q1, sees EPS of $(0.01)-0.00 vs. $0.01 consensus; sees Q1 revs of $23.5-24.5 mln vs. $24.8 mln consensus.
07:55 ALVR Alvarion: Lowered estimates set stage for potential positive momentum throughout the year - Susquehanna (7.80 ) -Update-

07:54 AU Anglogold reports Q4 results, issues Y08 production guidance (39.87 )

Co reports Q4 production 5% lower yr/yr at 1.37Moz, due to safety interventions in South Africa and the operational difficulties experienced at Geita gold mine in Tanzania. Co reports total costs of $404/oz, principally affected by lower production and currency movements. Adjusted headline earnings for Q4 were $18 mln, after deducting $64 mln in accounting adjustments, including tax provisions, rehabilitation and other adjustments. Co sees Y08 production of 4.8Moz-5.0Moz of gold at cash costs of $425-435/oz.
07:53 EXBD Corp Exec Bd: Color on quarter (51.82 )

Lehman notes last night, EXBD reported better-than-expected 4Q07 EPS, but disappointing 2008 guidance. Firm expects the shares to open significantly lower. However, key operating metrics were weak: 1) contract value up 10.7% (vs. +16.2% last Q & +15% est.); 2) the cross sell ratio to large clients fell seq. & y/y; 3) EXBD did not report sales headcount, which likely indicates it remains below plan, in their view; and 4) cash flows fell significantly y/y. Firm is reducing `08 and `09 EPS by $0.31 & $0.47 to $2.05 and $2.32 (-5% & +13% y/y, resp.). Firm is also cutting their target to $42. They expect EXBD to fall sharply this morning as investors recalibrate valuation to level more appropriate for low/no growth outlook. Firm recommends waiting for concrete signs of progress before becoming more aggressive… Robert Baird notes Q4 contract value came in well below expectations, which they attribute to sales force turnover/productivity challenges as well as macro economic weakness, and will result in substantially lower revenue and earnings growth in 2008 than previously expected. Firm is cutting their FY08 EPS est to $2.10 from $2.50 and lowering their tgt to $45. Maintaining Neutral rating with the expectation that the stock will open sharply lower ($40 Brenton Flynn or below).
07:52 ANN AnnTaylor sees FY07 revs in-line with guidance; Jan same store sales 0.0% vs -3.6% Briefing.com consensus (24.02 +0.47)

The co sees FY07 revs of $2.40 bln vs $2.40 bln First Call consensus.
07:51 AWR Amer States Water sees Q4 higher operating expenses and lower water sales yr/yr (34.34 )

Co’s Q4 billed water sales were down approx 5% yr/yr due to weather changes and increased conservation efforts.
07:48 GSK GlaxoSmithKline 4Q profit dips; sees tough 2008 - DJ (45.88 )

DJ reports the co posted a declining fourth-quarter pretax profit, hit by falling sales of diabetes drug Avandia, competition from cut-price generic medicines and a weak dollar. The co also warned that 2008 earnings will be hit by the continued decline of Avandia sales, together with increased competition from cut-price generics in the U.S. At constant exchange rates, underlying earnings per share in 2008 are expected to show a mid-single digit percentage decline, GlaxoSmithKline said. Although GSK has one of strongest drug pipelines in the industry, its top-selling products have either suffered serious setbacks or are due to lose patent protection, while the U.S. approval of potential blockbuster vaccine Cervarix, which protects against cervical cancer, is still on hold.
07:47 ASPM sees Q1 ($0.01)-0.00 vs $0.01 First Call consensus; sees revs $23.5-24.5 mln vs $24.8 mln First Call consensus

07:47 MBI MBIA Inc: Ups capital plans - FBR (14.28 )

Friedman Billings is maintaining their Market Perform rating following the co’s announced next phase of its capital initiatives, increasing its planned capital raise from $500 mln to $750 mln through the issuance of common stock. Warburg is offering to backstop the deal through a convertible participating preferred stock offering. The increased capital and continued commitment from Warburg moves MBI further away from their projected worst case runoff scenario, in which regulators take aggressive action to trap capital at the operating subsidiary. However, it remains unclear whether the additional $250 mln will be enough to placate the rating agencies, especially Fitch, which has recently stated that higher levels of losses may be inconsistent with a triple-A rating, regardless of capital levels. While firm suspects that the rating agencies have been consulted about the capital plan, it is difficult to gain any confidence that the rating agencies’ capital requirements will not change going forward, as they frequently have over the last few months.
07:47 CME CME Group: Citigroup comments on DOJ letter; believe CME’s shares could rebound in the short-term (485.25 ) -Update-

Citigroup notes that CME fell 18% yesterday following a Dept of Justice letter suggesting that exchanges ownership of “clearing” was anti-competitive. Both CME and NMX defended their vertical models in press releases. They note the CFTC (regulates futures) also released a scathing response to the DOJ’s position and effectively supported CME by noting CFTC’s market neutral/more hands off approach. Virtually all of the firm’s futures industry contacts believe the likelihood of the DOJ letter turning into a tangible action forcing clearing away from CME is very low (they would agree). While the issues noted above put a cloud over the stock, they believe CME’s shares could rebound in the short-term as the initial panic subsides, but a lack of recovery would be a bad sign for the sector.
07:46 SCSS Select Comfort downgraded to Underperform from Market Perform at Morgan Keegan (7.15 )

07:46 ASPM prelim $0.02 vs ($0.01) First Call consensus; revs $23.9 mln vs $23.9 mln First Call consensus

07:45 CAO CSK Auto enters into standstill agreement with O’Reilly Automotive (9.10 )

Co announces that it has entered in a Standstill Agreement with O’Reilly Automotive (ORLY) to share non-public information relating to CAO’s business as a part of the CAO Board of Directors’ ongoing review of strategic alternatives. “Our Board is currently exploring alternatives for preserving and maximizing stockholder value and, in connection with this effort, more than 20 parties have been granted access to non-public information related to CAO’s business,” said Larry Mondry, CAO’s President and CEO. “We are pleased that we have been able to reach an agreement with O’Reilly that will enable them to participate in our process.”
07:45 ECONX As expected, the ECB leaves rates unchanged at 4.00%

07:44 BR Broadridge Financial reports Q2 results above consensus; issues FY08 guidance (23.00 )

Co reports Q2 $0.21 vs $0.16 First Call consensus; revs $474.4 mln vs $436.65 mln First Call consensus. Co sees FY08 at higher end of $1.30-1.40 vs $1.34 First Call consensus. “We are pleased with our second quarter revenue and earnings, which continue to be enhanced by market activity. Increased trading volume continues to provide positive momentum, although it provided less benefit this quarter than in our first quarter. Event-driven revenue was a more significant contributor this quarter than it was in our first quarter. Our operating margin increased, largely as a result of the inherent operating scale in our business. We believe that our strong second quarter performance and volume trends move us towards the higher end of our $1.30-1.40 earnings per share guidance range… The first half of our fiscal year has provided a great start. However, we do not expect to see the same magnitude of positive year-over-year performance in our financial results in the second half of the year. Markets are difficult to predict, therefore our guidance does not contemplate any major change in the markets we serve that could result in a significant change in market activity.”
07:44 BT BT Group 3Q net profit -1%, misses revenue targets - DJ (50.68 )

DJ reports the co posted a 1% drop in third-quarter net profit and missed revenue targets, as competition in the broadband mkt took its toll. The former telecommunication monopoly saw net profit for the three months to Dec. 31 drop to GBP461 mln from GBP465 mln, while revenue fell short of analysts’ expectations, growing slightly to GBP5.15 bln from GBP5.13 bln.
07:44 TRA Terra Industries beats by $0.02, beats on revs (42.67 )

Reports Q4 (Dec) earnings of $0.66 per share, $0.02 better than the First Call consensus of $0.64; revs rose 26.8% yr/yr to $570 mln.
07:44 KVHI KVH Industries beats by $0.02, beats on revs; guides Q1 EPS in-line, revs in-line; guides FY08 EPS in-line, revs above consensus (7.96 )

Reports Q4 (Dec) earnings of $0.06 per share, $0.02 better than the First Call consensus of $0.04; revenues rose 13.2% year/year to $19.7 mln vs the $18.8 mln consensus. Co issues in-line guidance for Q1, sees EPS of $0.08-$0.12 vs. $0.10 consensus; sees Q1 revs of $23-$25 mln vs. $23.81 mln consensus. Co issues in-line guidance for FY08, sees EPS of $0.36-$0.44 vs. $0.43 consensus. Says FY08 revs will grow in the range of 14%-20%, compared to fiscal year 2007 (calculates to roughly $92.2-$97 mln vs $89.5 mln consensus).
07:43 STD Banco Santander Q4 net profit down 6% on Sovereign Write-Down - DJ (16.69 )

DJ Reports the bank said fourth-quarter net profit fell 6% as the bank took a EUR737 mln write-down in its main U.S. investment. Spain’s largest bank by assets said quarterly net profit fell to EUR2.49 bln from EUR2.65 bln in the fourth quarter of 2006. Underlying fourth-quarter net profit rose 29% to EUR2.12 bln from EUR1.64 bln, helped by solid revenue expansion across Europe and Latin America. Fourth-quarter net interest income grew 20% to EUR2.92 bln from EUR3.27 bln. Analysts called for quarterly net profit, excluding extraordinary gains and charges, at EUR2 bln, while net interest income was expected at EUR3.96 bln.
07:42 SAM Boston Beer Co initiated with an Overweight at HSBC- tgt $43 (36.93 )

07:42 LH Laboratory Corp beats by $0.03, beats on revs; guides FY08 revs in-line (73.41 )

Reports Q4 (Dec) earnings of $1.04 per share, excluding non-recurring items, $0.03 better than the First Call consensus of $1.01; revenues rose 11.9% year/year to $1.01 bln vs the $0.99 bln consensus. Co issues guidance for FY08, sees FY08 EPS of $4.73-4.88 pre the acquisition of additional partnership units of its Ontario Canada based JV, and $4.74-4.90 post JV transaction vs. $4.33 bln consensus; co sees revs up 7-8% pre-JV transaction and up 13-14.3% post-JV transaction.
07:42 DSW DSW pre-announces Q4 revs $332.5 mln vs $337.79 mln First Call consensus, reports same store sales -1.7% (18.06 )

07:41 ARUN Aruba Networks downgraded to Average at Caris- tgt $12 (8.09 )

Caris downgrades ARUn to Average from Above average and cuts their tgt to $12 from $18 saying with approx 70% exposure in the N.A market combined with strong presence in the enterprise and retail sector, they believe ARUN may be impacted by shrinking I.T budgets combined with delays in spending. As a result, they are taking a cautious approach and recommending investors to stay on the sidelines for now.
07:39 MDTH Medcath reports Q1 (Dec) results, revs in-line (25.83 )

Reports Q1 (Dec) earnings of $0.15 per share, includes items, may not be comparable to the First Call consensus of $0.29; revenues fell 6.7% year/year to $163.7 mln vs the $163.9 mln consensus.
07:39 LH prelim $1.04 vs $1.01 First Call consensus; revs $1.01 bln vs $992.55 mln First Call consensus

07:39 RACK Rackable Systems: Color on quarter (7.99 ) -Update-

Merriman says RACK reported 4Q07 rev of $111.6 mln, up 28% sequentially, and ahead of their $105.7 mln est and the Street’s $106.3 mln est. Non-GAAP gross margin increased to 21.7% vs. 19.2% last quarter and was nicely ahead of firm’s 18.9% est. Proforma EPS was $0.18, which was ahead of their $0.06 est and the street’s $0.05 est. The co generated $46 mln in cash from operations in FY07, and total cash is now $198 mln or around $7.00 per share. The co expects to generate at least this amount in FY08… Thomas Weisel says RACK reported positive 4Q07 results on better-than-expected gross margin expansion. RACK reported 4Q07 rev of $112 mln and EPS of $0.18, above TWP ests of $109 mln and $0.05 and consensus ests of $106 mln and $0.05. Non-GAAP gross margin improved from 19.2% to 21.7%, which primarily drove the positive EPS upside. Firm notes that the non-GAAP 21.7% gross margin reported for the quarter was 130bp above the high end of implied guidance of 20.4%. The EPS result for the Dec quarter excludes an estimated $0.74 of a one-time impairment of goodwill as well as $0.09 of recurring non-cash items…
07:39 SBH Sally Beauty misses by $0.01, misses on revs (7.44 )

Reports Q1 (Dec) earnings of $0.08 per share, $0.01 worse than the First Call consensus of $0.09; revenues rose 4.1% year/year to $655.8 mln vs the $662.8 mln consensus.
07:38 AKAM Akamai Tech: Color on quarter (28.73 ) -Update-

Citigroup states AKAM reported 4Q results with upside to both rev and EPS. They recommend investors use recent market/AKAM share weakness as an opportunity to build/add to positions in AKAM. Firm sees the strong 4Q results and ‘08 guidance as sentiment changing catalysts. They think the bear arguments of customer defections, competition and pricing pressure will fade with each passing Q they fail to materialize. While AKAM’s rev growth will decelerate from almost 50%/year over the last two years; firm expects ~25% rev and EPS CAGR through 2009 will afford the shares a significantly higher multiple than the current 18x. While AKAM is unlikely to be totally immune from economic weakness; it should have relatively superior growth… Merriman expects AKAM’s gross margin to continue to decline through 2008 and beyond as a result of both increased competition and volume discounting. At the same time, top-line and EBITDA growth appears to be reverting to that of its peer group, which consequently reduces its premium valuation. Firm still believes the acquisition of Nine Systems and Netli will prove to be very strong acquisitions and that Akamai is now in a better position strategically to maintain its dominant market share, however they believe this is reflected in its current share price… Friedman Billings notes last night AKAM reported very strong 4Q07 results, with upside to rev, margins, and EPS. Management provided 2008 revenue and EPS guidance that was ahead of consensus. Declining gross margins continue to be more than offset by larger deals, increased bandwidth demand, adoption of value-added services, and operating leverage. This has driven operating and EBITDA margin expansion, which they expect to continue. Firm also believe ARPU will continue to move higher, thanks to increases in volume and the adoption of value-added services.
07:38 GHDX Genomic Health upgraded to Outperform from Sector Perform at RBC (22.79 )

07:37 GOT Gottschalks reports preliminary revs of $204.4 mln (no estimates), same store sales decrease 8.5% (2.57 )

Reports preliminary Q4, 13 week, revenue of $204.4 mln (no estimates), down 14.2% from 14-week Q4 period in FY06. Same store sales for the comparable 13-week period decreased 8.5% from 4Q06.
07:37 ALVR Alvarion: Cautious outlook requires a more critical look at the competitive landscape; lowering ests - Merriman (7.80 ) -Update-

Merriman says that despite posting solid 4Q07 results, they continue to see two factors contributing to ALVR’s tepid FY08 outlook - namely increasing competitive pressure from larger rivals, and growing concerns about the viability of the fixed wireless broadband business model. While the negative effects of interest and exchange rates will not help matters, firm believes the market should focus on the bigger picture heading into 2008. That is, can Alvarion compete with the tier1’s in urban mobile applications, and if not, can it deliver operating leverage serving its current markets?
07:37 SMRT Stein Mart sees Q4 EPS and revs above consensus; reports Jan same store sales -2.5% vs -8.0% Briefing.com consensus (5.45 )

Guides Q4 EPS of ($0.28-0.33) vs ($0.44) First Call consensus; revs $417.4 mln vs $402.50 mln First Call consensus. Co also suspends quarterly dividend.
07:37 RAI Reynolds American reports EPS in-line, misses on revs (64.56 )

Reports Q4 (Dec) earnings of $1.15 per share, in-line with the First Call consensus of $1.15; revenues rose 7.8% year/year to $2.23 bln vs the $2.28 bln consensus. Co also sees FY08 EPS mid-single-digit percentage growth, up from 2007 adjusted EPS of $4.57. The co also says “And we plan to deliver mid- single-digit growth over the next several years.”
07:37 SPR Spirit Aerosystems reports Q4 (Dec) results, misses on revs; reaffirms FY08 EPS guidance, revs guidance (27.15 )

Reports Q4 (Dec) earnings of $0.54 per share, includes $0.02 of expense associated with the co’s evaluation of Airbus’ European manufacturing sites, may not be comparable to the First Call consensus of $0.56; revenues rose 15.0% year/year to $980 mln vs the $1055.8 mln consensus. Co reaffirms guidance for FY08, sees EPS of $2.30-2.40 vs. $2.42 consensus; sees FY08 revs of approx $4.7 bln vs. $4.71 bln consensus.
07:37 ABCO Advisory Board profiled in New America section of IBD (54.70 )

IBD reports medicare and Medicaid reimbursement get lower. Nursing shortages are acute. And costs keep rising. Despite the challenges, though, some hospitals and medical organizations have figured out innovative ways to make ends meet. Advisory Board makes sure those tricks don’t remain a secret. The co conducts research and disseminates best practices to hospitals, pharmaceutical cos and others in the $2.3 trillion U.S. health care field. There’s some growth there. The Centers for Medicare and Medicaid Services say spending on health care has been climbing about 7%. It expects that to continue through at least 2016. But Advisory Board has grown faster… The co is branching out to advise colleges and universities. “We think that’s going to be an important market for them,” said Brandt Sakakeeny, an analyst at Deutsche Bank Securities. “There’s really no one targeting it right now.” Advisory Board says college and universities are a logical place to expand. Higher-education leaders face similar challenges, such as rising expectations, increased public scrutiny and issues of affordability and access… Hospitals and other medical groups typically aren’t shy about sharing their data and know-how with Advisory Board. There also is a spirit of cooperation in the medical field, the co says. Hospitals typically don’t view distant facilities as direct competition.
07:37 NBR Nabors Ind: International markets could provide catalyst - FBR (28.95 ) -Update-

Friedman Billings notes NBR reported operating EPS of $0.70 vs. consensus of $0.73, including a $0.04 loss from investing but excluding an $0.08 gain from oil and gas activities. Headline EPS was $0.78. Firm believes market sentiment may have bottomed for NBR; however, the timing of a North American activity rebound is elusive at present and may not occur until 2009, given the pending growth in LNG imports into the U.S. later this year. If Nabors’ management is correct and the bottom is near for the U.S. land rig market, its strong international growth could finally start to garner some appreciation.
07:36 AMLN Amylin Pharms: ACCORD Trial data may point to weight as culprit - Friedman Billings (30.50 ) -Update-

Friedman Billings notes yesterday morning, the National Heart, Lung, and Blood Institute announced they are discontinuing treatment for patients enrolled in the intensive arm of the ACCORD study in Type II diabetes due to a higher number of deaths reported in that arm relative to the standard-treatment arm (257 vs. 203). Because Byetta was one of the drugs used in the intensive arm, the stock market interpreted this news as a negative for AMLN. Firm does not think it’s a negative. In fact, even though NHLBI said there was no single culprit, it is possible that insulin will emerge as the more risky of these drugs, certainly for patients with existing heart problems. In that case, Byetta-which causes weight loss on average-could emerge as an insulin alternative. Firm continues to believe LAR is a best-in-class drug that should garner at least $3 billion in worldwide peak sales.
07:36 BDC Belden beats by $0.01, beats on revs; guides FY08 EPS in-line, revs in-line (40.68 )

Reports Q4 (Dec) earnings of $0.83 per share, $0.01 better than the First Call consensus of $0.82; revenues rose 54.3% year/year to $584.6 mln vs the $572 mln consensus. Co issues in-line guidance for FY08, sees EPS of $3.45-$3.75 vs. $3.62 consensus; sees FY08 revs of $2.2-$2.3 bln vs. $2.27 bln consensus.
07:36 NANX Nanophase Tech: Expect weakness in housing to continue to impact business - Broadpoint Capital (3.72 )

Broadpoint Capital does not expect much of a surprise from Dec. results. Firm expects NANX to report an in-line 4Q:CY07 as in mid-January, Nanophase announced that 4Q revs would come in at approx $2.6 mln. This would represent 21% rev growth from 4Q:CY06 revs of $2.17 mln. At $2.6 mln, fourth-quarter 2007 revs would represent the highest fourth quarter in the co’s history. Firm’s channel checks at several Home Depot stores from different regions of the country indicate that while BEHR’s newly launched exterior paint Premium Plus had seen good traction with customers in the second and third quarters of CY07, painting activity in general has declined given the recent housing slowdown, consumer worries, and seasonality.
07:35 TNH Terra Nitrogen reports Q4 EPS of $3.59 vs $2.60 single analyst est (135.82 )

TNH’s 2007 earnings improvement over those of 2006 was due to higher sales volumes and selling prices, and lower natural gas costs. 2007 results were affected by the same factors affecting fourth quarter results: strong commodity grain prices driven by low global grain inventories and a tight global nitrogen supply/demand balance.
07:35 RAI for FY08 EPS sess Mid-single-digit percentage growth, up from 2007 adjusted EPS of $4.57

07:35 CCJ Cameco: Weaker results and guidance; acquisitions hold promise; lowering tgt to $41 - FBR (31.85 ) -Update-

Friedman Billings is lowering their 2008 and 2009 ests to C$2.35 and C$2.69 from $2.65 and $3.19, respectively. Firm lowers their price tgt to $41/share. 2008 guidance was weaker than they anticipated on lower production forecast and higher costs, but offset by higher gold production and prices at Centerra Gold. A ray of hope was reported on the Cigar Lake remediation. Firm welcomed hearing mgmt on the conference call emphasizing the resiliency of the long-term uranium price index at $95/lb, despite the short-term spot price volatility. In terms of co specific catalysts for stock, firm believes potential acquisitions and progress on Cigar Lake will be most important this year. On the macro front, firm expects shares to rebound gradually with spot uranium prices.
07:35 ADS Alliance Data’s Canadian Loyalty business signs multi-year renewal with real estate Century21 Canada (51.37 )

07:34 CSCO Cisco Systems: Color on quarter (23.08 ) -Update-

Wachovia expects significant N.T. pressure with shares remaining range bound over coming months. They state that CSCO’s reduced growth forecast has left investors with a VERY tough call. Cisco is clearly seeing more macro-driven downward pressure than previously expected. January orders missed expectations and therefore have resulted in the company reducing growth to 10% yr/yr looking into FQ3′08. Firm also highlights the fact that the co will see tough comps looking out over the next 3-4 qtrs, weakening service provider growth in Europe, ongoing questions around organic growth trends; coupled with what appears to be a worsening level of global economic uncertainty… Citigroup says that although firm anticipated a modest take-down was likely, the magnitude and abruptness with respect to the deceleration will generate more questions than answers over the next several months as investors look for the second shoe to drop. Firm cuts tgt to $25 from $28… Jefferies says CSCO provided cautious outlook for April quarter as it experienced significant slowdown in month of January, with two largest regions U.S. and Europe softening. Despite the challenging environment, firm believes CSCO could fair well due to its broad product, customer and geographic diversification.
07:34 TRA prelim $0.66 vs $0.64 First Call consensus; revs $570 mln

07:34 FNLY Finlay Enterprises reports preliminary revs above consensus; comparable store sales decrease 6.4% (1.72 )

Reports preliminary revs of $383.4 mln vs consensus of $373.56 mln. Comparable store sales for Q4 decreased 6.4%.
07:34 KVHI sees FY08 $0.36-0.44 vs $0.43 First Call consensus

07:33 RAI prelim $1.15 vs $1.15 First Call consensus; revs $2.23 bln vs $2.28 bln First Call consensus

07:33 KVHI sees Q1 $0.08-0.12 vs $0.10 First Call consensus; sees revs $23-25 mln vs $23.81 mln First Call consensus

07:33 SPR sees FY08 $2.30-2.40 vs $2.42 First Call consensus; sees revs approx $4.7 bln vs $4.71 bln First Call consensus

07:33 BDC sees FY08 $3.45-3.75 vs $3.62 First Call consensus; sees revs $2.2-2.3 bln vs $2.27 bln First Call consensus

07:33 KVHI prelim $0.06 vs $0.04 First Call consensus; revs $19.7 mln vs $18.82 mln First Call consensus

07:33 COGO Comtech partners with Freescale Semiconductoer to design automotive solutions in China; expects new business in 2H2008 (10.55 )

The co announces it is forming a breakthrough alliance with Freescale Semiconductor, one of the world’s largest semiconductor cos for the automotive, consumer, industrial, networking and wireless markets. Using Comtech’s innovative business model, the cos expect to generate meaningful results by the second half of 2008.
07:32 JWN Nordstrom reports Jan same store sales -6.6% vs -0.6% Briefing.com consensus (36.33 )

Co pre-reports Q4 (Jan) revenue of $2.51 bln vs $2.58 bln First Call consensus.
07:32 SPR prelim $0.54 vs $0.56 First Call consensus; revs $980 mln vs $1.06 bln First Call consensus

07:32 MDTH prelim $0.15, may not compare to the $0.29 First Call consensus; revs $163.7 mln vs $163.93 mln First Call consensus

07:32 BDC prelim $0.83 vs $0.82 First Call consensus; revs $584.6 mln vs $571.95 mln First Call consensus

07:32 FNLY reports Q4 prelimary revs of $383.4 mln vs consensus of 373.56 mln

07:32 CBK Christopher & Banks reports January same store sales -6% vs -2.8% Briefing.com consensus (11.75 )

Co sees Q4 EPS of ($0.05)-($0.07) vs $0.03 consensus.
07:31 SBH prelim $0.08 vs $0.09 First Call consensus; revs $655.8 mln vs $662.84 mln two analyst est

07:31 BR sees FY08 $1.30-1.40 vs $1.34 First Call consensus

07:31 MPAA Motorcar Parts & Access. names David Lee as the new CFO; previous CFO Mervyn McCullouch, will become Chief Acquisitions Officer (7.21 )

07:31 BR prelim $0.21 vs $0.16 First Call consensus; revs $474.4 mln vs $436.65 mln First Call consensus

07:30 CHTP Chelsea Therapeutics begins patient dosing in pivotal phase III trial of droxidopa in neurogenic orthostatic hypotension (6.12 +0.11)

Co announces that it has initiated patient dosing in study 302, the first of two pivotal Phase III trials designed to demonstrate efficacy and support US marketing of approval of Droxidopa in neurogenic orthostatic hypotension. It is anticipated that both pivotal studies will be completed by year-end 2008, allowing for a new drug application to be filed with the FDA early in 2009.
07:28 WMT Wal-Mart reports Jan same store sales +0.5% vs +2.1% Briefing.com consensus; reaffirms Q4 EPS guidance (48.83 )

Unfavorable weather negatively affected overall general merchandise sales, especially in the Midwest. Gift card redemptions were below expectations, and customers appear to be holding gift cards longer and using them more often for food and consumables rather than discretionary purchases. Co reaffirms guidance for Q4 (Jan), sees EPS of $0.99-1.03 vs. $1.02 First Call consensus. Co sees Feb same store sales flat to +2%.
07:26 CTR Cato reports Jan same store sales +1.0% vs -7.0% Briefing.com consensus; Reaffirms 4Q and Full Year EPS Estimate (15.65 )

Co reports Q4 net sales of $209.4 mln vs $207.4 mln consensus. Co reaffirms Q4 EPS will be at the low end of the ($0.08)-$0.00 range, vs ($0.0 consensus. Reaffirms full year EPS in range of $0.99-$1.07 (vs $0.99 consensus).
07:25 TIN Temple-Inland: Hearing downgraded to neutral from buy at tier 1 firm (17.29 )

07:24 CME CME Group: WSJ article discusses yesterday’s DOJ letter & CFTC response (485.25 )

WSJ reports that Chicago Mercantile Exchange parent CME countered against a Justice Department recommendation that futures exchanges not be allowed to own or control lucrative “clearing” businesses that process trades. The Commodity Futures Trading Commission, which oversees futures exchange, is reviewing the Justice Department letter. A spokeswoman for the agency said that “the CFTC is charged not only with encouraging fair competition, but also enhancing financial integrity and minimizing systemic risk.” One CFTC commissioner, Bart Chilton, criticized the letter as “troubling.” In a statement, he wrote: “The DOJ staff letter has, unfortunately, roiled the markets; this is precisely the kind of behavior that government regulators are supposed to take ordinary care and attention to avoid.” The Treasury Department will make a decision on the recommendation as part of a new blueprint for financial markets regulation due to be outlined later this spring, a Treasury spokeswoman said.
07:24 PLD ProLogis beats by $0.11; guides FY08 FFO in-line (55.70 )

Reports Q4 (Dec) funds from operations of $0.79 per share, $0.11 better than the First Call consensus of $0.68; total revs are up 29.1% yr/yr to $799.9 mln. Co issues in-line guidance for FY08, sees FFO of $4.65-4.85 vs. $4.83 consensus.
07:24 WMG Warner Music Group downgraded to Neutral from Buy at Merrill (6.94 )

07:23 DTV DIRECTV upgraded to Buy from Neutral at Merrill (22.81 )

07:23 UL Unilever PLC fourth-quarter profit drops on job-cut costs - Bloomberg.com (31.20 )

Bloomberg.com reports co reported a 64% decline in Q4 earnings because of costs to reduce jobs. Net income was $1.05 bln, down from a year earlier. Unilever said the U.S. market is “softening” and European growth will “moderate” in the current quarter. Fourth-quarter sales rose 6.1%, the most in five years, as Unilever raised prices in Europe to counter surging raw-material costs. (UL UN)
07:22 PLD reaffirms FY08 funds from operations of $4.65-4.85 vs $4.83 First Call consensus

07:21 DO Diamond Offshore misses by $0.07, misses on revs (110.30 )

Reports Q4 (Dec) earnings of $1.61 per share, $0.07 worse than the First Call consensus of $1.68; revenues rose 15.3% year/year to $666.7 mln vs the $680.7 mln consensus.
07:21 TGX Theragenics reports Q4 EPS of $0.03; revs increased 2.7% (3.80 )

Reports Q4 EPS of $0.03 compared with $0.12 YoY; revs increased 2.7% to $15.2 mln vs $14.8 mln YoY. “We are also actively pursuing continued growth and diversification through acquisitions.”
07:20 PRICE Filings, Offerings, Pricings and IPOs

Filings: Javelin Pharmaceutic (JAV) files for a $60 mln mixed shelf offering… Particle Drilling (PDRT) files for a $20 mln mixed shelf offering… Pricings: Biodel (BIOD 15.95) prices a 3.81 mln share common stock secondary offering at $154.50/share.
07:20 PLD prelim funds from operations of $0.79 includes items may not be comp vs $0.68 First Call consensus

07:20 AHII Animal Health Intl reports Q2 (Dec) results, beats on revs; guides FY08 revs in-line (11.95 )

Reports Q2 (Dec) earnings of $0.23 per share, may not be comparable to the First Call consensus of $0.29; revenues rose 19.3% year/year to $203.2 mln vs the $190.4 mln consensus. Co issues in-line guidance for FY08, sees FY08 revs of $700-730 mln vs. $707.54 mln consensus; co reaffirms EBITDA guidance of $38-40 mln.
07:18 PENN Penn Natl Gaming misses by $0.05, misses on revs (50.13 )

Reports Q4 (Dec) earnings of $0.36 per share, $0.05 worse than the First Call consensus of $0.41; revenues rose 2.3% year/year to $585.8 mln vs the $593.3 mln consensus. Note that on June 15, 2007, the co announced that it had entered into a definitive agreement to be acquired by certain funds managed by affiliates of Fortress Investment Group. The co is seeking to complete the merger late in 2