Q1 2008 Earning Season – Part 1

Yahoo! Reaffirms Revenue Guidance
Yahoo! (YHOO) said it expects second quarter revenue of $1.73 billion to $1.93 billion and continues to expect 2008 revenue of $7.20 billion to $8.00 billion, including TAC. The current consensus estimate is revenue of $1.4 billion for the quarter ending June 30, 2008 and revenue of $5.7 billion for the year ending December 31, 2008, excluding TAC.

Broadcom Sees Revenue Above Estimates
Broadcom (BRCM) said during its conference call it expects second quarter revenue of $1.075 billion to $1.125 billion. The current consensus estimate is revenue of $1.03 billion for the quarter ending June 30, 2008.

ANADIGICS Guides Above Estimates
ANADIGICS (ANAD) said it expects second quarter earnings of $0.16 to $0.17 per share on revenue of $77.0 million to $79.0 million. The current consensus earnings estimate is $0.13 per share on revenue of $73.0 million for the quarter ending June 30, 2008.

Peabody Energy Raises Guidance
Peabody Energy (BTU) said it expects second quarter earnings of $0.35 to $0.60 per share and now expects 2008 earnings of $2.20 to $3.00 per share. The company’s previous guidance was 2008 earnings of $1.00 to $1.85 per share. The current consensus earnings estimate is $0.48 per share for the quarter ending June 30, 2008 and earnings of $1.95 per share for the year ending December 31, 2008.

Yum! Brands Revises Guidance
Yum! Brands (YUM) said it now expects 2008 earnings of approximately $1.87 per share, excluding gains of up to $0.06 per share. The company’s previous guidance was earnings $1.85 to $1.87 per share and the current consensus earnings estimate is $1.87 per sharefor the year ending December 31, 2008.

Lockheed Martin Raises Earnings Guidance to be Closer to Estimates
Lockheed Martin (LMT) said it now expects 2008 earnings of $7.15 to $7.35 per share and continues to expect revenue of $41.8 billion to $42.8 billion. The company’s previous guidance was earnings of $7.05 to $7.25 per share and the current consensus earnings estimate is $7.36 per share on revenue of $42.80 billion for the year ending December 31, 2008.

Western Union Guides Inline
Western Union (WU) said it expects 2008 earnings of $1.25 to $1.29 per share. The current consensus earnings estimate is $1.27 per share for the year ending December 31, 2008.

Coach Raises Revenue Guidance
Coach (COH) said it continues to expect 2008 earnings of approximately $2.06 per share and now expects revenue of approximately $3.18 billion. The company’s previous guidance was for revenue of at least $3.15 billion and the current consensus earnings estimate is $2.04 per share on revenue of $3.15 billion for the year ending June 30, 2008.

DuPont Reaffirms
DuPont (DD) said it continues to expect second quarter earnings of approximately $1.05 per share and 2008 earnings of $3.40 to $3.55 per share. The current consensus earnings estimate is $1.09 per share for the quarter ending June 30, 2008 and earnings of $3.47 per share for the year ending December 31, 2008.

BJ Services Guides Below Estimates
BJ Services (BJS) said it expects third quarter earnings of $0.30 to $0.43 per share. The current consensus earnings estimate is $0.51 per share for the quarter ending June 30, 2008.

TI Guides Inline
Texas Instruments (TXN) said it expects second quarter earnings of $0.42 to $0.48 per share on revenue of $3.24 billion to $3.50 billion. The current consensus earnings estimate is $0.48 per share on revenue of $3.44 billion for the quarter ending June 30, 2008.

Netflix Revises Guidance; Remains Inline with Estimates
Netflix (NFLX) said it expects second quarter earnings of $0.33 to $0.42 per share on revenue of $334.0 million to $339.0 million. The current consensus earnings estimate is $0.38 per share on revenue of $335.4 million for the quarter ending June 30, 2008. The company also said it expects 2008 earnings of $1.16 to $1.29 per share on revenue of $1.35 billion to $1.39 billion. The company’s previous guidance was earnings of $1.18 to $1.30 per share on revenue of $1.345 billion to $1.385 billion and the current consensus earnings estimate is $1.24 per share on revenue of $1.37 billion for the year ending December 31, 2008.

Merck Reaffirms
Merck & Co. (MRK) said it continues to expect 2008 earnings of $3.28 to $3.38 per share. The current consensus earnings estimate is $3.29 per share for the year ending December 31, 2008.

Caterpillar Reaffirms
Caterpillar (CAT) said it continues to expect 2008 earnings of $5.64 to $6.18 per share on revenue of $47.25 billion to $49.50 billion. The current consensus earnings estimate is $5.84 per share on revenue of $47.74 billion for the year ending December 31, 2008.

Honeywell Raises Guidance, but Earnings Remain Inline with Estimates
Honeywell (HON) said it now expects 2008 earnings of $3.70 to $3.80 per share on revenue of $36.80 billion to $37.40 billion. The company’s previous guidance was earnings of $3.65 to $3.80 per share on revenue of $36.10 billion to $36.70 billion and the current consensus earnings estimate is $3.76 per share on revenue of $36.74 billion for the year ending December 31, 2008.

Xerox Affirms
Xerox (XRX) said it expects second quarter earnings of $0.28 to $0.30 per share, excluding a restructuring charge of $0.05 per share. The current consensus earnings estimate is $0.29 per share for the quarter ending June 30, 2008.