Earning News – 26th Jan 09

McKesson Raises Guidance
McKesson Corp. (MCK) said it now expects 2009 earnings of $4.15 to $4.30 per share, excluding items. The company’s previous guidance was earnings of $4.00 to $4.15 per share and the current consensus earnings estimate is $4.01 per share for the year ending March 31, 2009.

Coventry Health Care Reaffirms
Coventry Health Care Inc. (CVH) said it continues to expect fourth quarter earnings of approximately $0.60 per share and 2009 earnings of $1.70 to $1.90 per share. The current consensus earnings estimate is $0.59 per share for the quarter ending December 31, 2008 and $1.99 per share for the year ending December 31, 2009.

Netflix Guides Revenue Above Estimates; Earnings Inline
Netflix Inc. (NFLX) said it expects first quarter earnings of $0.25 to $0.33 per share on revenue of $387.0 million to $393.0 million. The current consensus earnings estimate is $0.29 per share on revenue of $370.6 million for the quarter ending March 31, 2009. The company also said it expects 2009 earnings of $1.43 to $1.59 per share on revenue of $1.58 billion to $1.635 billion. The current consensus earnings estimate is $1.51 per share on revenue of $1.54 billion for the year ending December 31, 2009.

Amgen Sees Revenue Below Estimates; Earnings Inline
Amgen Inc. (AMGN) said it expects 2009 earnings of $4.55 to $4.75 per share on revenue of $14.8 billion to $15.2 billion. The current consensus earnings estimate is $4.58 per share on revenue of $15.41 billion for the year ending December 31, 2009.

Home Depot Reaffirms
Home Depot Inc. (HD) said it continues to expect fiscal year earnings of approximately $1.73 per share and revenue to be as low as $71.16 billion. The current consensus earnings estimate is $1.72 per share on revenue of $71.53 billion for the year ending January 31, 2009.

Quest Diagnostics Guides Revenue Below Estimates; Earnings Inline
Quest Diagnostics Inc. (DGX) said it expects 2009 earnings of $3.50 to $3.70 per share on revenue of approximately $7.47 billion. The current consensus earnings estimate is $3.57 per share on revenue of $7.53 billion for the year ending December 31, 2009.

Eaton Lowers Revenue Guidance and Provides Mixed Earnings Guidance
Eaton Corp. (ETN) said it expects first quarter results of approximately breakeven with revenue below $3.49 billion and expects 2009 earnings of $4.20 to $5.20 per share on revenue of approximately $14.15 billion. The current consensus estimate is earnings of $0.94 per share on revenue of $3.58 billion for the quarter ending March 31, 2009 and earnings of $4.73 per share on revenue $14.53 billion for the year ending December 31, 2009.

Covidien Reaffirms
Covidien Ltd. (COV) said it continues to expect fiscal 2009 revenue of $9.91 billion to $10.21 billion. The current consensus estimate is revenue of $10.11 billion for the year ending September 30, 2009.

Pactiv Guides Below 2009 Estimates
Pactiv Corp. (PTV) said it expects first quarter earnings of $0.44 to $0.48 per share. The current consensus earnings estimate is $0.39 per share for the quarter ending March 31, 2009. The company also said it expects 2009 earnings of $1.63 to $1.83 per share, excluding a one-time gain of $0.17 per share, on revenue of $3.03 billion to $3.14 billion. The current consensus earnings estimate is $1.97 per share on revenue of $3.57 billion for the year ending December 31, 2009.

TI Guides Below Estimates
Texas Instruments Inc. (TXN) said it expects first quarter results to range from a loss of $0.11 per share to earnings of $0.03 per share on revenue of $1.62 billion to $2.12 billion. The current consensus earnings estimate is $0.04 per share on revenue of $2.13 billion for the quarter ending March 31, 2009.

VMware Sees Revenue Below Estimates
VMware Inc. (VMW) said it expects first quarter revenue of approximately $475.0 million. The current consensus estimate is revenue of $496.9 million for the quarter ending March 31, 2009.

Sealed Air Guides Below Estimates
Monday, January 26, 2009 7:30:01 AM ET
View: Complete Article | Historical Guidance
Sealed Air Corp. (SEE) said it expects 2009 earnings of $1.25 to $1.45 per share, excluding items. The current consensus earnings estimate is $1.46 per share for the year ending December 31, 2009.

Caterpillar Warns
Caterpillar Inc. (CAT) said it expects 2009 earnings of approximately $2.50 per share on revenue of approximately $40.0 billion. The current consensus earnings estimate is $4.37 per share on revenue of $47.9 billion for the year ending December 31, 2009.

Kimberly-Clark Guides Below Estimates
Kimberly-Clark Corporation (KMB) said it expects 2009 earnings of $4.00 to $4.20 per share on revenue of $18.44 billion to $18.64 billion. The current consensus earnings estimate is $4.52 per share on revenue of $19.22 billion for the year ending December 31, 2009.

Pfizer Guides Below Estimates
Pfizer Inc (PFE) said it expects 2009 earnings of $1.85 to $1.95 per share on revenue of $44.0 billion to $46.0 billion. The current consensus earnings estimate is $2.48 per share on revenue of $48.9 billion for the year ending December 31, 2009.