J Crew, OmniVision Guides Higher, But Procter & Gamble Guides Below Estimates

Positive Guidance

OmniVision Technologies Guides Above Estimates
OmniVision Technologies Inc. (OVTI) said it expects a first quarter non-GAAP loss of $0.16 to $0.07 per share on revenue of $90.0 million to $100.0 million. The current consensus estimate is a loss of $0.23 per share on revenue of $73.4 million for the quarter ending July 31, 2009.

J. Crew Guides Above Estimates
J. Crew Group Inc. (JCG) said it expects second quarter earnings of $0.08 to $0.12 per share. The current consensus estimate is for a loss of $0.02 per share for the quarter ending July 31, 2009.

Inline Guidance

Marvell Technology Guides Revenue Above Estimates
Marvell Technology Group Ltd. (MRVL) said during its conference call it expects second quarter earnings of $0.07 to $0.13 per share revenue of $540.0 million to $580.0 million. The current consensus estimate earnings of $0.07 per share on is revenue of $522.3 million for the quarter ending July 31, 2009.

Jackson Hewitt Tax Service Lowers Guidance
Jackson Hewitt Tax Service Inc (JTX) said it now expects 2009 earnings to be at the low-end of its previous guidance range of $1.00 to $1.10 per share and now expects revenue of $247.0 million to $250.0 million. The company’s previous guidance was on revenue of $250.0 million to $255.0 million and the current consensus earnings estimate is $1.02 per share on revenue of $253.5 million for the year ending April 30, 2009.

Medco Health Solutions Guides Inline
Medco Health Solutions Inc. (MHS) said in an SEC filing it continues to expect 2009 earnings of $2.67 to $2.77 per share. The current consensus earnings estimate is $2.72 per share for the year ending December 31, 2009.

Genesco Reaffirms Above Estimates
Genesco Inc. (GCO) said it continues to expect fiscal year earnings of $1.70 to $1.80 per share. The current consensus earnings estimate is $1.58 per share for the year ending January 31, 2010.

H.J. Heinz Guides Earnings Inline; Revenue Above Estimates
H.J. Heinz Company (HNZ) said it expects fiscal 2010 earnings of $2.60 to $2.70 per share on revenue of $10.55 billion to $10.76 billion. The current consensus earnings estimate is $2.70 per share on revenue of $10.17 billion for the year ending April 30, 2010.

Big Lots Raises Guidance, but Remains Inline with Estimates
Big Lots Inc. (BIG) said it expects second quarter earnings of $0.26 to $0.32 per share and now expects fiscal year earnings of $1.85 to $1.95 per share. The company’s previous guidance was fiscal year earnings of $1.75 to $1.90 per share. The current consensus earnings estimate is $0.30 per share for the quarter ending July 31, 2009 and earnings of $1.89 per share for the year ending January 31, 2010.

Negative Guidance

Esterline Technologies Guides Lower
Esterline Technologies (ESL) said it expects 2009 earnings of $3.00 to $3.20 per share. The company’s previous guidance was earnings of $3.70 to $3.90 per share and the current consensus earnings estimate is $3.64 per share for the year ending October 31, 2009.

P&G Guides Below Estimates
Procter & Gamble Company (PG) said during the Sanford C. Bernstein & Co. Strategic Decisions Conference it expects fiscal 2010 earnings of $3.65 to $3.80 per share. The current consensus earnings estimate is $3.96 per share for the year ending June 30, 2010.