Earning Reviews: REIT, Retail & Rentals Still Struggling


POSITIVE EARNINGS

USEC Sees Revenue Above Estimates
USEC Inc. (USU) said it expects 2009 revenue of $2.20 billion to $2.25 billion. The current consensus estimate is revenue of $2.01 billion for the year ending December 31, 2009.

salesforce.com Lowers Revenue Guidance to be Inline with Estimates
salesforce.com inc. (CRM) said it expects first quarter earnings of $0.10 to $0.11 per share on revenue of $304.0 million to $305.0 million. The current consensus earnings estimate is $0.10 per share on revenue of $306.8 million for the quarter ending April 30, 2009. The company also said it expects fiscal year earnings of $0.54 to $0.55 per share and now expects revenue of $1.30 billion to $1.33 billion. The company’s previous guidance was revenue of $1.35 billion to $1.36 billion and the current consensus earnings estimate is $0.52 per share on revenue of $1.33 billion for the year ending January 31, 2010.

Del Monte Foods Raises Guidance
Del Monte Foods (DLM) said it now expects 2009 earnings of $0.64 to $0.68 per share on revenue of $3.49 billion to $3.55 billion. The company’s previous guidance was $0.58 to $0.62 per share and the current consensus earnings estimate is $0.59 per share on revenue of $3.52 billion for the year ending April 30, 2009.

INLINE EARNINGS

Flowserve Reaffirms
Flowserve Corporation (FLS) said it continues to expect earnings of $7.25 to $8.00 per share, excluding charges of $0.50 per share. The current consensus earnings estimate is $7.51 per share for the year ending December 31, 2009.

Fluor Reaffirms Above Estimates
Fluor Corporation (FLR) said it continues to expect 2009 earnings of $3.90 to $4.20 per share. The current consensus earnings estimate is $3.82 per share for the year ending December 31, 2009.

Express Scripts Reaffirms
Express Scripts Inc. (ESRX) said it continues to expect 2009 earnings of $3.63 to $3.73 per share. The current consensus earnings estimate is $3.68 per share for the year ending December 31, 2009.

Greif Reaffirms
Greif Inc. (GEF) said it continues to expect 2009 earnings of $3.25 to $3.75 per share. The current consensus earnings estimate is $3.35 per share for the year ending October 31, 2009.

ManTech Guides Inline
ManTech International Corp. (MANT) said it expects first quarter earnings of $0.68 to $0.71 per share on revenue of $485.0 million to $505.0 million. The current consensus earnings estimate is $0.67 per share on revenue of $491.8 million for the quarter ending March 31, 2009. The company said it expects 2009 earnings of $2.91 to $3.05 per share on revenue of $2.10 billion to $2.20 billion. The current consensus earnings estimate is $2.95 per share on revenue of $2.12 billion for the year ending December 31, 2009.

Dollar Tree Guides Inline
Dollar Tree Stores Inc. (DLTR) said it expects first quarter earnings of $0.49 to $0.54 per share on revenue of $1.13 billion to $1.16 billion. The current consensus earnings estimate is $0.53 per share on revenue of $1.14 billion for the quarter ending April 30, 2009. The company said it expects fiscal year earnings of $2.55 to $2.75 per share on revenue of $4.96 billion to $5.09 billion. The current consensus earnings estimate is $2.72 per share on revenue of $5.00 billion for the year ending January 31, 2010.

Great Wolf Resorts Provides Guidance
Great Wolf Resorts Inc. (WOLF) said it expects a first quarter loss of $0.15 to $0.11 per share and a 2009 loss of $0.70 to $0.54 per share. The current consensus estimate is a loss of $0.13 per share for the quarter ending March 31, 2009 and $0.74 per share for the year ending December 31, 2009.

NICOR Guides Inline
NICOR Inc. (GAS) said it expects 2009 earnings of $2.45 to $2.65 per share. The current consensus earnings estimate is $2.50 per share for the year ending December 31, 2009.

CMS Energy Guides Inline
CMS Energy (CMS) said it expects 2009 earnings of approximately $1.25 per share. The current consensus earnings estimate is $1.26 per share for the year ending December 31, 2009.

El Paso Electric Lowers Guidance to be Inline with Estimates
El Paso Electric Company (EE) said it now expects 2009 earnings of $1.00 to $1.60 per share. The company’s previous guidance was earnings of $1.55 to $1.95 per share and the current consensus earnings estimate is $1.51 per share for the year ending December 31, 2009.

Teleflex Reaffirms
Teleflex Inc. (TFX) said it continues to expect 2009 earnings of $4.10 to $4.40 per share. The current consensus earnings estimate is $4.24 per share for the year ending December 31, 2009.

Portland General Electric Reaffirms
Portland General Electric Company (POR) said it continues to expect 2009 earnings of $1.80 to $1.90 per share. The current consensus earnings estimate is $1.84 per share for the year ending December 31, 2009.

NEGATIVE EARNINGS

Donaldson Lowers Guidance
Donaldson Company Inc. (DCI) said it expects 2009 earnings of $1.70 to $1.90 per share on revenue of $1.90 billion to $2.00 billion. The company’s previous guidance was earnings of $2.16 to $2.36 per share on revenue of approximately $2.10 billion and the current consensus earnings estimate is $2.11 per share on revenue of $2.19 billion for the year ending July 31, 2009.

True Religion Apparel Sees Earnings Below Estimates
True Religion Apparel Inc. (TRLG) said it expects 2009 earnings of $1.73 to $1.81 per share on revenue of $290.0 million to $297.0 million. The current consensus earnings estimate is $1.82 per share on revenue of $301.7 million for the year ending December 31, 2009.

Perini Lowers Guidance
Perini Corp. (PCR) said it now expects 2009 earnings of $2.60 to $2.80 per share on revenue of $5.50 billion to $6.00 billion. The company’s previous guidance was earnings of $2.80 to $3.00 per share on revenue of $6.00 billion to $6.50 billion and the current consensus earnings estimate is $2.95 per share on revenue of $6.18 billion for the year ending December 31, 2009.

Psychiatric Solutions Lowers Guidance
Psychiatric Solutions (PSYS) said it now expects 2009 earnings of $2.24 to $2.32 per share. The company’s previous guidance was earnings of $2.40 to $2.44 per share and the current consensus earnings estimate is $2.42 per share for the year ending December 31, 2009.

McGrath RentCorp Guides Below Estimates
McGrath RentCorp (MGRC) said it expects 2009 earnings of $1.30 to $1.45 per share. The current consensus earnings estimate is $1.76 per share for the year ending December 31, 2009.

CenterPoint Energy Guides Below Estimates
CenterPoint Energy (CNP) said it expects 2009 earnings of $1.05 to $1.15 per share. The current consensus earnings estimate is $1.30 per share for the year ending December 31, 2009.

Pennsylvania REIT Guides Below Estimates
Pennsylvania Real Estate Investment Trust (PEI) said it expects 2009 funds from operations of $2.75 to $2.95 per share. The current consensus FFO estimate is $3.31 per share for the year ending December 31, 2009.

Lexington Realty Trust Guides Below FFO Estimates
Lexington Realty Trust (LXP) said it expects 2009 funds from operations of $1.35 to $1.42 per share. The current consensus FFO estimate is $1.46 per share for the year ending December 31, 2009.

Discovery Communications Guides Below Estimates
Discovery Communications, Inc. (DISCA) said it expects 2009 revenue of $3.375 billion to $3.500 billion. The current consensus estimate is revenue of $3.59 billion for the year ending December 31, 2009.

J.M. Smucker Lowers Guidance
The J.M. Smucker Company (SJM) said it expects fiscal 2009 earnings of $3.15 to $3.30 per share on revenue of $3.60 billion to $3.70 billion. The company’s previous guidance was earnings of $3.45 to $3.50 per share on revenue of $3.80 billion to $4.00 billion and the current consensus earnings estimate is $3.46 per share on revenue of $3.84 billion for the year ending April 30, 2009.