Earning News – 22nd Jan 09

LSB Industries Guides Above Revenue Estimates
LSB Industries Inc (LXU) said it expects fourth quarter revenue of approximately $179.1 million. The current consensus estimate is revenue of $148.3 million for the quarter ending December 31, 2008.

Matthews Reaffirms Above Estimates
Matthews International (MATW) said it is cautious about 2009, but continues to expect earnings of $2.62 to $2.74 per share. The current consensus earnings estimate is $2.60 per share for the year ending September 30, 2009.

Digi International Reaffirms
Digi International Inc. (DGII) said it expects second quarter earnings of $0.01 to $0.07 per share on revenue of $40.0 million to $46.0 million. The current consensus earnings estimate is $0.05 per share on revenue of $43.3 million for the quarter ending March 31, 2009. The company also said it continues to expect fiscal 2009 earnings of $0.19 to $0.47 per share on revenue of $170.0 million to $200.0 million. The current consensus earnings estimate is $0.24 per share on revenue of $177.5 million for the year ending September 30, 2009.

Synaptics Guides Inline
Synaptics (SYNA) said it expects third quarter revenue of $88.0 million to $98.0 million. The current consensus estimate is revenue of $93.9 million for the quarter ending March 31, 2009.

DRI Reaffirms, with Revenue Above Estimates
DRI Corporation (TBUS) said it continues to expect 2009 earnings to exceed $0.20 per share and revenue to exceed $90.0 million. The current consensus earnings estimate is $0.21 per share on revenue of $86.0 million for the year ending December 31, 2009.

Exelon Guides Inline for 2009, but sees First Quarter Above Estimates
Exelon Corp. (EXC) said it expects first quarter earnings of $1.10 to $1.20 per share and continues to expect 2009 earnings of $4.00 to $4.30 per share. The current consensus earnings estimate is $1.01 per share for the quarter ending March 31, 2009 and $4.20 per share for the year ending December 31, 2009.

Northrop Grumman Guides Inline
Northrop Grumman Corp. (NOC) said it now expects 2008 earnings to meet the upper-end of its previous guidance range of $5.10 to $5.20 per share, excluding items. The current consensus earnings estimate is $5.20 per share for the year ending December 31, 2008.

LSI Industries Guides Inline
LSI Industries Inc. (LYTS) said it expects 2009 earnings of $0.16 to $0.20 per share on revenue of $250.0 million to $265.0 million. The current consensus earnings estimate is $0.16 per share on revenue of $253.8 million for the year ending June 30, 2009.

Baxter Guides Inline for 2009
Baxter International (BAX) said it expects first quarter earnings of $0.80 to $0.82 per share on revenue of approximately $2.90 billion. The current consensus earnings estimate is $0.83 per share on revenue of $2.90 billion for the quarter ending March 31, 2009. The company also said it expects 2009 earnings of $3.70 to $3.78 per share on revenue of approximately $12.3 billion. The current consensus earnings estimate is $3.74 per share on revenue of $12.6 billion for the year ending December 31, 2009.

AmerisourceBergen Reaffirms
AmerisourceBergen Corp. (ABC) said it continues to expect 2009 earnings of $3.08 to $3.25 per share. The current consensus earnings estimate is $3.14 per share for the year ending September 30, 2009.

A. O. Smith Guides Inline
A. O. Smith Corp. (AOS) said it expects 2009 earnings of $2.40 to $2.60 per share. The current consensus earnings estimate is $2.41 per share for the year ending December 31, 2009.

UnitedHealth Reaffirms
UnitedHealth Group Inc. (UNH) said it continues to expect 2009 earnings of $2.90 to $3.15 per share. The current consensus earnings estimate is $3.03 per share for the year ending December 31, 2009.

Intuitive Surgical Guides Below Estimates
Intuitive Surgical Inc. (ISRG) said during its conference call it expects 2009 earnings of $5.30 to $5.40 per share. The current consensus earnings estimate is $5.56 per share for the year ending December 31, 2009.

City National Guides Below Estimates
City National Corp. (CYN) said it expects to remain profitable in 2009 but believes earnings will be below $2.11 per share. The current consensus earnings estimate is $2.39 per share for the year ending December 31, 2009.

MEMC Electronic Materials Suggests Revenue Below Estimates
MEMC Electronic Materials (WFR) said it has low visibility into the first quarter and cannot providing meaningful guidance, but believes revenue could be as low as $212.9 million. The current consensus estimate is $0.54 per share for the quarter ending March 31, 2009.

Marvell Technology Lowers Guidance
Marvell Technology Group (MRVL) said it expects fourth quarter revenue of $500.0 million to $520.0 million. The company’s previous guidance was revenue of $690.0 million to $730.0 million and the current consensus estimate is revenue of $706.2 million for the quarter ending January 31, 2009.

Tractor Supply Lowers 2008 Outlook; Guides Inline for 2009
Tractor Supply Company (TSCO) said it expects fourth quarter revenue of approximately $799.5 million. The current consensus estimate is revenue of $801.4 million for the quarter ending December 31, 2008. The company also said it now expects 2008 earnings of $2.17 to $2.19 per share. The company’s previous guidance was earnings of $2.49 to $2.55 per share and the current consensus earnings estimate is $2.54 per share for the year ending December 31, 2008. The company also said it expects 2009 earnings of $2.58 to $2.74 per share on revenue of $3.20 billion to $3.30 billion. The current consensus earnings estimate is $2.72 per share on revenue of $3.26 billion for the year ending December 31, 2009.

Microsoft Withdraws Guidance
Microsoft Corp. (MSFT) said it is now longer able to provide guidance for the remainder of the year. The company’s previous guidance was for fiscal year earnings of $2.00 to $2.10 per share on revenue of $64.9 billion to $66.4 billion. The current consensus earnings estimate is $1.95 per share on revenue of $63.64 billion for the year ending June 30, 2009.

DryShips Warns
DryShips Inc. (DRYS) said it expects fourth quarter earnings of $0.63 to $0.71 per share. The current consensus earnings estimate is $1.26 per share for the quarter ending December 31, 2008.

Deluxe Guides Below Estimates
Deluxe Corp. (DLX) said it expects first quarter earnings of $0.38 to $0.46 per share on revenue of $335.0 million to $350.0 million. The current consensus earnings estimate is $0.47 per share on revenue of $357.9 million for the quarter ending March 31, 2009. The company said it expects 2009 earnings of $1.95 to $2.35 per share on revenue of $1.30 billion to $1.40 billion. The current consensus earnings estimate is $2.43 per share on revenue of $1.45 billion for the year ending December 31, 2009.

Jones Apparel Lowers Guidance
Jones Apparel (JNY) said it now expects 2008 earnings of $0.85 to $0.88 per share. The company’s previous guidance was earnings of $0.93 to $0.98 per share and the current consensus earnings estimate is $0.90 per share for the year ending December 31, 2008.

Teledyne Technologies Guides Below Estimates
Teledyne Technologies Inc. (TDY) said it expects first quarter earnings of $0.50 to $0.55 per share and 2009 earnings of $2.70 to $2.80 per share. The current consensus earnings estimate is $0.79 per share for the quarter ending March 31, 2009 and $3.47 per share for the year ending December 31, 2009.

Tenet Healthcare Guides Below Estimates
Tenet Healthcare Corp. (THC) said it expects fourth quarter revenue of approximately $2.17 billion. The current consensus estimate is revenue of $2.22 billion for the quarter ending December 31, 2008.

China Agritech Lowers Revenue Guidance
China Agritech, Inc. (CAGC) said it now expects 2008 revenue of approximately $47.0 million. The company’s previous guidance was revenue of $54.0 million to $56.0 million and the current consensus estimate is revenue of $54.5 million for the year ending December 31, 2008.

Lockheed Martin Raises Revenue Guidance, but Lowers Earnings Below Estimates
Lockheed Martin Corp. (LMT) said it now expects 2009 earnings of $7.05 to $7.25 per share on revenue of $44.7 billion to $45.7 billion. The company’s previous guidance was earnings of $7.65 to $7.90 per share on revenue of $44.25 billion to $45.25 billion and the current consensus earnings estimate is $7.87 per share on revenue of $45.25 billion for the year ending December 31, 2009.

Potash Guides Below Estimates
Potash (POT) said it expects first quarter earnings of $0.70 to $1.00 per share and 2009 earnings of $10.0 to $12.00 per share. The current consensus earnings estimate is $2.05 per share for the quarter ending March 31, 2009 and $12.33 per share for the year ending December 31, 2009.