Earning News – 27th Jan 09

Lexmark Guides Above Estimates
Lexmark International Inc. (LXK) said it expects first quarter earnings of $0.65 to $0.75 per share, excluding a restructuring charge of $0.13 per share. The current consensus earnings estimate is $0.63 per share for the quarter ending March 31, 2009.

Kinetic Concepts Guides Above Estimates
Kinetic Concepts Inc. (KCI) said it expects 2009 non-GAAP earnings of $3.95 to $4.10 per share on revenue of $2.00 billion to $2.06 billion. The current consensus earnings estimate is $3.63 per share on revenue of $2.06 billion for the year ending December 31, 2009.

Gilead Sciences Provides Guidance
Gilead Sciences Inc. (GILD) said during its conference call it expects 2009 net product revenue of $5.90 billion to $6.00 billion. The current consensus revenue estimate, which includes royalty, contract and other revenues, is $6.37 billion for the year ending December 31, 2009.

Stryker Sees Revenue Above Estimates
Stryker Corp. (SYK) said it expects 2009 earnings of $3.12 to $3.22 per share on revenue of $7.12 billion to $7.32 billion. The current consensus earnings estimate is $3.14 per share on revenue of $7.03 billion for the year ending December 31, 2009.

Bristol-Myers Squibb Guides Inline
Bristol-Myers Squibb (BMY) said it expects 2009 earnings of $1.85 to $2.00 per share. The current consensus earnings estimate is $1.96 per share for the year ending December 31, 2009.

FPL Group Reaffirms
FPL Group Inc. (FPL) said it continues to expect 2009 earnings of $4.05 to $4.25 per share and 2010 earnings of $4.50 to $4.90 per share. The current consensus earnings estimate is $4.08 per share for the year ending December 31, 2009 and earnings of $4.61 per share for the year ending December 31, 2010.

St. Jude Medical Raises Guidance, but Remains Inline with Estimates
St. Jude Medical Inc. (STJ) said it expects first quarter earnings of $0.57 to $0.59 per share and it now expects 2009 earnings of $2.48 to $2.54 per share. The company’s previous guidance was 2009 earnings of $2.47 to $2.52 per share. The current consensus earnings estimate is $0.59 per share for the quarter ending March 31, 2009 and $2.52 per share for the year ending December 31, 2009.

Hershey Guides Inline
Hershey Company (HSY) said it expects 2009 earnings to be above $1.88 per share and below $1.99 per share on revenue of $5.24 billion to $5.29 billion. The current consensus earnings estimate is $1.90 per share on revenue of $5.24 billion for the year ending December 31, 2009.

DuPont Lowers Guidance to be Inline with Estimates
DuPont (DD) said it expects first quarter earnings of $0.50 to $0.70 per share and now expects 2009 earnings of $2.00 to $2.50 per share. The current consensus earnings estimate is for earnings of $0.81 per share for the quarter ending March 31, 2009. The company’s previous fiscal year guidance was for earnings of $2.25 to $2.75 per share and the current consensus earnings estimate is $2.23 per share for the year ending December 31, 2009.

McGraw-Hill Provides Mixed Guidance
McGraw-Hill Companies (MHP) said it expects 2009 earnings of $2.20 to $2.30 per share on revenue of $6.23 billion to $6.29 billion. The current consensus earnings estimate is $2.42 per share on revenue of $5.98 billion for the year ending December 31, 2009.

STMicroelectronics Sees Revenue Below Estimates
STMicroelectronics (STM) said it expects first quarter revenue of $1.50 billion to $1.85 billion. The current consensus estimate is revenue of $2.06 billion for the quarter ending March 31, 2009.

Yahoo! Sees Revenue Below Estimates
Yahoo! Inc. (YHOO) said it expects first quarter revenue of $1.525 billion to $1.725 billion, including TAC. The current consensus revenue estimate is $1.78 billion, including TAC, and $1.29 billion, excluding TAC, for the quarter ending March 31, 2009.

Altera Guides Below Estimates
Altera Corp. (ALTR) said it expects first quarter revenue of $235.9 million to $267.3 million. The current consensus estimate is revenue of $295.6 million for the quarter ending March 31, 2009.

StanCorp Financial Sees Revenue Below Estimates
StanCorp Financial (SFG) said it expects 2009 revenue of approximately $2.667 billion. The current consensus estimate is revenue of $2.88 billion for the year ending December 31, 2009.

United States Steel Sees First Quarter Loss
United States Steel (X) said it expects to report an operating loss in the first quarter. The current consensus estimate is for earnings of $0.45 per share for the quarter ending March 31, 2009.

Bemis Guides Below Estimates
Bemis Company Inc. (BMS) said it expects first quarter earnings of $0.30 to $0.38 per share and 2009 earnings of $1.50 to $1.70 per share. The current consensus earnings estimate is $0.43 per share for the quarter ending March 31, 2009 and $1.75 per share for the year ending December 31, 2009.

Corning Lowers Expectations
Corning Inc. (GLW) said it expects first quarter results to be approximately breakeven with revenue below $1.1 billion. The current consensus earnings estimate is $0.20 per share on revenue of $1.1 billion for the quarter ending March 31, 2009.

Tellabs Guides Below Estimates
Tellabs (TLAB) said it expects first quarter revenue of $345.0 million to $375.0 million. The current consensus estimate is revenue of $384.7 million for the quarter ending March 31, 2009.

First Cash Financial Services Guides Below Estimates
First Cash Financial Services (FCFS) said it expects 2009 earnings of $1.36 to $1.38 per share. The current consensus earnings estimate is $1.40 per share for the year ending December 31, 2009.