Tyco Electronics Guide Higher, United Technologies Reaffirms

Positive Guidance

Tyco Electronics Ups Guidance
Tyco Electronics Ltd. (TEL) said it now expects third quarter earnings of $0.10 to $0.17 per share, excluding items, on revenue of $2.45 billion to $2.55 billion. The company’s previous guidance was earnings of $0.01 to $0.06 per share on revenue of $2.35 billion to $2.45 billion and the current consensus earnings estimate is $0.03 per share on revenue of $2.42 billion for the quarter ending June 26, 2009.

O2Micro Guides Above Estimates
O2Micro International Ltd. (OIIM) said it expects second quarter revenue of approximately $34.0 million. The current consensus estimate is revenue of $26.4 million for the quarter ending June 30, 2009.

Inline Guidance

Majesco Entertainment Raises Revenue Guidance to be Inline with Estimates
Majesco Entertainment Company (COOL) said it continues to expect 2009 earnings of $0.10 to $0.14 per share but now expects revenue of $80.0 million to $85.0 million. The company’s previous guidance was revenue of $75.0 million to $80.0 million and the current consensus earnings estimate is $0.14 per share on revenue of $81.5 million for the year ending October 31, 2009.

Illinois Tool Works Reaffirms
Illinois Tool Works Inc. (ITW) said it continues to expect second quarter earnings of $0.25 to $0.37 per share, excluding items. The current consensus earnings estimate is $0.30 per share for the quarter ending June 30, 2009.

United Technologies Reaffirms
United Technologies Corp. (UTX) said it continues to expect 2009 earnings of $4.00 to $4.50 per share on revenue of approximately $55.0 billion. The current consensus earnings estimate is $4.08 per share on revenue of $54.15 billion for the year ending December 31, 2009.

Negative Guidance

Basic Energy Services Warns
Basic Energy Services Inc. (BAS) said it expects second quarter revenue of $116.0 million to $119.1 million. The current consensus estimate is revenue of $145.3 million for the quarter ending June 30, 2009.

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