High TECH Continue To Report Strong Earnings
HPQ, GRMN, SNPS, SINA, NTES
Hewlett-Packard Rises After Forecasts Top Estimates
(HPQ) Hewlett-Packard beats by $0.05, beats on revs; guides Q2 EPS above consensus, revs above consensus; guides FY08 EPS above consensus, revs above consensus Reports Q1 (Jan) earnings of $0.86 per share, excluding non-recurring items, $0.05 better than the First Call consensus of $0.81; revenues rose 0.6% year/year to $28.47 bln vs the $27.6 bln consensus. Co issues upside guidance for Q2, sees EPS of $0.83-0.84, excluding non-recurring items, vs. $0.82 consensus; sees Q2 revs of $27.7-27.9 bln vs. $27.43 bln consensus. Co issues upside guidance for FY08, sees EPS of $3.50-3.54, excluding non-recurring items, compared to previous guidance of $3.32-3.37, vs. $3.36 consensus; sees FY08 revs of $113.5-114.0 bln, compared to previous guidance of approx $111.5 bln, vs. $111.7 bln consensus.
Garmin (GRMN) Approves A Share Buyback of 5M Shares
(GRMN) Garmin beats by $0.20, beats on revs; guides FY08 EPS above consensus, revs above consensus Reports Q4 (Dec) earnings of $1.31 per share, excluding non-recurring items, $0.20 better than the First Call consensus of $1.11; revenues rose 99.1% year/year to $1.22 bln vs the $1.05 bln consensus. GRMN announces board of directors approved a share repurchase program authorizing the co to purchase up to 5 mln shares. Co issues upside guidance for FY08, sees EPS exceeding $4.40 vs. $4.40 consensus; sees FY08 revs of to exceed $4.5 bln vs. $4.26 bln consensus.
Synopsys Q1 Earnings Rise, Top Estimate
(SNPS) Synopsys beats by $0.06, reports revs in-line; guides Q2 EPS in-line, revs in-line; guides FY08 EPS in-line, revs in-line Reports Q1 (Jan) earnings of $0.44 per share, excluding non-recurring items, $0.06 better than the First Call consensus of $0.38; revenues rose 5.1% year/year to $315.5 mln vs the $312.9 mln consensus. Co issues in-line guidance for Q2, sees EPS of $0.37-0.39, excluding non-recurring items, vs. $0.38 consensus; sees Q2 revs of $317-325 mln vs. $320.86 mln consensus. Co issues in-line guidance for FY08, sees EPS of $1.56-1.61, excluding non-recurring items, vs. $1.59 consensus; sees FY08 revs of $1.30-1.315 bln vs. $1.31 bln consensus.
Sina beats by $0.01, beats on revs; guides Q1 revs above consensus
(SINA) Net revenues increased 25% year-over-year and 10% quarter-over-quarter to $70.7 million, exceeding the Company's previous guidance between $68.0 million and $70.0 million. Advertising revenues grew 40% year-over-year and 9% quarter-over-quarter to $50.1 million, exceeding the Company's previous guidance between $49.0 million and $50.0 million.
Sina beats by $0.01, beats on revs; guides Q1 revs above consensus Reports Q4 (Dec) earnings of $0.34 per share, excluding non-recurring items, $0.01 better than the First Call consensus of $0.33; revenues rose 25.4% year/year to $70.7 mln vs the $69.1 mln consensus. Gross margin for the fourth quarter of 2007 was 62%, flat over the same period last year and last quarter. Co issues upside guidance for Q1, sees Q1 revs of $66-68 mln vs. $65.87 mln consensus. Based on the co's current understanding of the new Chinese Enterprise Income Tax Regulation (E.I.T.), which became effective starting January 1, 2008, the co estimates its effective tax rate for 2008 at this time to be between 14% and 25%.
(NTES) Netease.com beats by $0.11, beats on revs Reports Q4 (Dec) earnings of $0.41 per share, $0.11 better than the First Call consensus of $0.30; revenues rose 15.1% year/year to $85.3 mln vs the $75.9 mln consensus. Chinese online game operator NetEase.com Inc said on Wednesday quarterly profit rose, citing growth in traffic on its Web sites.
