Earnings Review: Seagate Tech, Talbots, SPX….


Positive Guidance

Federal Signal (FSS) said it now expects first quarter earnings of $0.01 to $0.03 per share. The company previously said it expected a loss for the quarter and the current consensus estimate is a loss of $0.07 per share for the quarter ending March 31, 2009.

Dress Barn Guides Above Estimates
Dress Barn Inc. (DBRN) said it expects third quarter earnings of $0.30 to $0.32 per share. The current consensus earnings estimate is $0.20 per share for the quarter ending April 30, 2009.

Seagate Technology Ups Revenue Guidance
Seagate Technology (STX) said it now expects fiscal third quarter revenue of $2.10 billion. The company’s previous guidance was revenue of $1.60 billion to $2.00 billion and the consensus revenue estimate is $1.85 billion for the quarter ended April 3, 2009. The company also said it expects fiscal fourth quarter revenue of $1.90 billion to $2.20 billion. The current consensus estimate is revenue of $1.84 billion for the quarter ending June 30, 2009.

Kona Grill Sees Smaller-than-expected First Quarter Loss
Kona Grill Inc. (KONA) said it now expects a first quarter loss of $0.21 to $0.17 per share. The company’s previous guidance was a loss of $0.29 to $0.22 per share and the current consensus estimate is a loss of $0.27 per share for the quarter ending March 31, 2009.

Inline Guidance

Harris Stratex Networks Narrows Guidance
Harris Stratex Networks Inc. (HSTX) said it now expects third quarter revenue of $150.0 million to $160.0 million. The company’s previous guidance was revenue of $150.0 million to $170.0 million and the current consensus estimate is revenue of $159.6 million for the quarter ending March 31, 2009.

Tuesday Morning Guides Inline
Tuesday Morning (TUES) said it expects a third quarter loss of $0.17 to $0.15 per share. The current consensus estimate is a loss of $0.16 per share for the quarter ending March 31, 2009.

Negative Guidance

Talbots Sees First Quarter Results Below Estimates
Talbots Inc. (TLB) said it expects a fiscal first quarter loss of $0.52 to $0.47 per share. The current consensus estimate is a loss of $0.01 per share for the quarter ending April 30, 2009.

SPX Lowers Guidance
SPX Corp. (SPW) said it expects first quarter earnings to be towards the low-end of $0.75 to $0.85 per share with revenue of approximately $1.20 billion. The current consensus earnings estimate is $0.76 per share on revenue of $1.24 billion for the quarter ending March 31, 2009. For 2009, the company said it expects earnings of $4.40 to $4.80 per share on revenue of $4.90 billion to $5.10 billion. The company’s previous guidance was earnings of $5.40 to $5.80 per share on revenue of $5.30 billion to $5.60 billion and the current consensus earnings estimate is $5.11 per share on revenue of $5.27 billion for the year ending December 31, 2009.