Feb 16, 2010 (Briefing.com via COMTEX) -- Hourly In Play (R)
Updated: 16-Feb-10 21:00 ET
EEFT Euronet misses by $0.01, beats on revs; guides Q1 EPS below consensus (19.34 +0.10)
Reports Q4 (Dec) earnings of $0.37 per share, excluding non-recurring items, $0.01 worse than the First Call consensus of $0.38; revenues rose 11.7% year/year to $285.6 mln vs the $276.6 mln consensus. Co issues downside guidance for Q1, sees EPS of ~$0.32, excluding non-recurring items, vs. $0.34 consensus. Co said, "Expectations for ~Q1 2010 reflect a seasonal reduction in transactions following the higher transaction levels during Q4 holiday season. Absent unusual circumstances, such as acquisitions, or significant fluctuations in foreign currency exchange rates, we estimate that each of the Company's three business segments' overall revenue will be ~5-10% lower during Q1 of each year compared to Q4 of the previous year."
OESX Orion Energy Systems announces future rule 10b5-1 plan (5.36 +0.27)
Co announced that, on Feb. 16, 2010, Neal R. Verfuerth, its chairman and chief executive officer, and his wife, Patricia A. Verfuerth, Orion's vice president of operations, entered into a prearranged Rule 10b5-1 trading plan to sell later during OESX's FY10 Q4 80,000 shares of OESX's common stock in order to generate sufficient cash proceeds to assist them in paying personal taxes. As a result of this sale of shares, Mr. and Mrs. Verfuerth's combined direct stock ownership in the co will decrease by only ~2.5% and together they will still beneficially own 3,122,867 shares, or about 14.0% of OESX's outstanding shares. Together, they will remain OESX's largest shareholders.
Standard & Poorâ??s Announces Change to U.S. Indices
Discovery Communications (DISCA) will replace Pepsi Bottling Group (PBG) in the S&P 500 index. Bally Technologies (BYI) will replace PepsiAmericas (PAS) in the S&P MidCap 400 index.
GIVN Given Imaging beats by $0.04, beats on revs; guides FY10 EPS in-line, revs in-line (15.88 +0.43)
Reports Q4 (Dec) GAAP earnings of $0.17 per share, $0.04 better than the First Call consensus of $0.13; revenues rose 18.3% year/year to $40 mln vs the $39.1 mln consensus. Co issues in-line guidance for FY10, sees GAAP EPS of $0.50-0.58 vs. $0.50 consensus; sees FY10 revs of $154-160 mln vs. $154.52 mln consensus.
RZ Raser Technologies aAnnounces extension with Thermo No. 1 financing partners (0.96 +0.03)
Co announced that it has reached an agreement with project financing partners to extend the final performance and completion test of the Thermo No. 1 Project to June 30, 2010.
PERY Perry Ellis announces it expects to deliver FY10 EPS results at or above the top end of its previously announce EPS of $0.80-0.95 vs. $0.95 consensus; sees FY11 EPS in-line (16.0 +0.52)
Co expects to deliver FY10 EPS results at or above the top end of its previously announced EPS of $0.80-0.95 vs. $0.95 consensus, sees FY11 EPS of $1.25-1.40 vs. $1.25 consensus, sees revs of $770-790 mln vs $788.4 mln consensus. Co said preliminary Q4 results noted a return to revenue growth and strong gross and operating margin increases over prior year. The co ended FY10 in an outstanding financial position. Focused inventory management throughout the year resulted in a reduction of ~19% compared to prior year. Positive operating cash flow provided the co the ability to repurchase $21 mln of its senior notes. As a result of this working capital and cash flow management, Perry Ellis International ended the year with full availability on its revolving credit facility and a total net debt to capitalization ratio of 34% as compared to 47% for the prior year... as the co has exited certain underperforming businesses during fiscal 2010, it is expected that the improvement in gross margins, noted during the third quarter of FY10, will continue throughout FY11, as compared to the same periods in fiscal 2010. Besides these margin improvements, the co also expects to maintain solid operating leverage derived from the cost reduction activities undertaken during FY10."