Pre-Market Earnings Gappers (January 29, 2008)

We are right in the thick of earnings season and below is a snapshot of some of the key earnings reports with price changes if available:

  • Air Tran (NYSE: AAI) -$0.02 EPS vs -$0.02 estimate.
  • American Electric Power (NYSE: AEP) $0.52 EPS vs $0.50 estimate.
  • American Express (NYSE: AXP) $0.71 EPS vs $0.71 estimate; stock fell 2% after-hours.
  • Burlington Northern (NYSE: BNI) $1.46 EPS vs $1.37 estimate.
  • Cardinal Health (NYSE: CAH) $0.90 EPS vs. $0.87 estimate, lowered guidance.
  • Chattem (NASDAQ: CHTT) $0.76 EPS vs $0.65 estimate.
  • Corinthian Colleges (NASDAQ: COCO) $0.11 EPS vs. $0.11 estimate; lending changes and reimbursement changes will lower earnings in second half to make 2008 at lower-end of expectations.
  • Countrywide Financial (NYSE: CFC) posted earnings; maintained dividend; shares up 1.5% pre-market.
  • Dow Chemical (NYSE: DOW) $0.84 EPS vs $0.80 estimate;
  • Eli Lilly (NYSE: LLY) $0.90 EPS vs $0.87 estimate.
  • EMC (NYSE: EMC) $0.24 EPS vs $0.22 estimate
  • 3M (NYSE: MMM) $1.19 EPS vs $1.17 estimate; $6.2 Billion vs. $6.12B estimate; reiterated 10% EPS growth for 2008.
  • Accidental Petroleum (NYSE: OXY) $1.74 EPS vs $1.69 estimate; replaced 116% of its 2007 production.
  • SanDisk (NASDAQ: SNDK) posted non-GAAP EPS of $0.69 vs. $0.64 EPS estimate, but guidance was disappointing; stock down 3%.
  • Sepracor (NASDAQ: SEPR) trading down 7% after restatements.
  • Smurfit Stone (NASDAQ: SSCC) traded up 6% after earnings.
  • T.Rowe Price (NASDAQ: TROW) $0.68 EPS vs $0.63 estimate.
  • Unisys (NYSE: UIS) $0.04 EPS vs $0.12 estimate; although shares up almost 4%.
  • VMware (NYSE: VMW) trading down 20% or more after revenue number was light.
  • Waddell & Reed (NYSE: WDR) $0.42 EPS vs. $0.42 estimate.
  • Zoran (NASDAQ: ZRAN) traded down 22% after beating earnings but lowering guidance.

Jon C. Ogg
January 29, 2008

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