Earning News – 21st Jan 09

Williams-Sonoma Provides Inline Guidance
Williams-Sonoma, Inc. (WSM) said it expects fourth quarter earnings to be at the low-end of its previous guidance range of $0.10 to $0.30 per share, even after factoring in a new one-time charge of approximately $0.08 to $0.09 per share. The current consensus earnings estimate is $0.16 per share for the quarter ending January 31, 2009.

Phillips-Van Heusen Provides Mixed Guidance
Phillips-Van Heusen (PVH) said it expects fourth quarter earnings of $0.25 to $0.30 per share on revenue of $585.0 million to $590.0 million. The company’s rpevious guidance was earnings of $0.35 to $0.45 per share and the current consensus earnings estimate is $0.36 per share on revenue of $576.9 million for the quarter ending February 1, 2009.

Apple Provides Guidance
Apple Inc. (AAPL) said in an SEC Filing it expects second quarter earnings of $0.90 to $1.00 per share on revenue of $7.60 billion to $8.00 billion. The current consensus earnings estimate is $1.12 per share on revenue of $8.20 billion for the quarter ending March 31, 2009. The whispered expectations for guidance were for earnings of $0.80 to $0.90 per share.

Darden Restaurants Reaffirms
Darden Restaurants (DRI) said it continues to expect 2009 earnings of $2.40 to $2.52 per share, including the benefit of a 53rd week. The current consensus earnings estimate is $2.53 per share for the year ending May 31, 2009.

F5 Networks Guides Inline
F5 Networks Inc. (FFIV) said it expects second quarter non-GAAP earnings of $0.36 to $0.38 per share on revenue of $157.0 million to $164.0 million. The current consensus earnings estimate is $0.37 per share on revenue of $162.6 million for the quarter ending March 31, 2009.

NETGEAR Narrows Guidance
NETGEAR Inc. (NTGR) said it now fourth quarter revenue of $155.0 million to $160.0 million. The company’s previous guidance was revenue of $155.0 million to $165.0 million and the current consensus estimate is revenue of $157.2 million for the quarter ending December 31, 2008.

SPX Guides Inline
SPX Corp. (SPW) said it expects 2009 earnings of $5.40 to $5.80 per share on revenue of $5.30 billion to $5.60 billion. The current consensus earnings estimate is $5.56 per share on revenue of $5.59 billion for the year ending December 31, 2009.

Abbott Labs Reaffirms
Abbott Laboratories (ABT) said it continues to expect 2009 earnings of $3.65 to $3.70 per share. The current consensus earnings estimate is $3.66 per share for the year ending December 31, 2009.

United Technologies Reaffirms
United Technologies Corp. (UTX) said it continues to expect 2009 earnings of $4.65 to $5.15 per share. The current consensus earnings estimate is $4.78 per share for the year ending December 31, 2009.

Natural Resource Partners Guides Below Estimates
Natural Resource Partners (NRP) said it expects 2009 earnings of $1.67 to $2.12 per share on revenue of $294.0 million to $338.0 million. The current consensus earnings estimate is $2.40 per share on revenue of $352.7 million for the year ending December 31, 2009.

Koppers Sees Fourth Quarter Loss
Koppers Holdings Inc. (KOP) said it expects a loss from operations of $14.0 million to $12.0 million. The consensus estimate is for earnings of $0.16 per share for the quarter ended December 31, 2008.

eBay Guides Below Estimates
eBay Inc. (EBAY) said it expects first quarter earnings of $0.32 to $0.34 per share on revenue of $1.80 billion to $2.05 billion. The current consensus earnings estimate is $0.40 per share on revenue of $2.10 billion for the quarter ending March 31, 2009.

Charlotte Russe Guides Below Estimates
Charlotte Russe Holding (CHIC) said it expects a second quarter loss of $0.20 to $0.10 per share. The current consensus estimate is a loss of $0.06 per share for the quarter ending March 31, 2009.

Amdocs Guides Below Estimates
Amdocs Ltd. (DOX) said it expects second quarter earnings of $0.47 to $0.51 per share on revenue of $700.0 million to $720.0 million. The current consensus earnings estimate is $0.52 per share on revenue of $793.9 million for the quarter ending March 31, 2009.

Seagate Technology Guides Below Estimates
Seagate Technology (STX) said it expects third quarter revenue of $1.62 billion to $2.00 billion. The current consensus estimate is revenue of $2.19 billion for the quarter ending March 31, 2009.

PNC Financial Services to Miss Expectations
PNC Financial Services (PNC) said it expects to report “a meaningful profit for the fourth quarter but below the company’s expectations”. The current consensus earnings estimate is $1.01 per share for the quarter ending December 31, 2008.