Flash: Cirrus Logic prelim $0.22 vs $0.24 Thomson Reuters consensus; revs $91.4 mln vs $91.60 mln Thomson Reuters consensus

Cirrus Logic sees Q1 revs $88-94 mln vs $99.20 mln Thomson Reuters consensus; GM 51-54%

Ticker BA

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Akamai Tech on Conference Call- Guidance
Akamai Tech: sees Q2 EPS of $0.34-0.37 vs $0.38 Thomson Reuters consensus; sees Q2 revs in the range of $270-280 mln vs $280 mln consensus; see Q2 adjusted EBITDA margins of ~44-45 % vs 45.7% consensus; gross margins to be stable at approx 80%.,, not prepared to deliver annual guidance.

Flowserve beats by $0.13, misses on revs; reaffirms FY11 EPS guidance (134.64 -0.31)
Reports Q1 (Mar) earnings of $1.72 per share, $0.13 better than the Thomson Reuters consensus of $1.59; revenues rose 4.0% year/year to $997.2 mln vs the $1011.9 mln consensus. Co reaffirms guidance for FY11, sees EPS of $7.10-8.00 vs. $7.83 Thomson Reuters consensus. Backlog increased to $2.81 billion, including currency benefits of approximately $71 million, compared to $2.59 billion in backlog at December 31, 2010.

Reports Q4 (Mar) earnings of $0.59 per share, $0.07 better than the Thomson Reuters consensus of $0.52; revenues rose 11.1% year/year to $587.9 mln vs the $579.7 mln consensus. Co sees Q1 sales flat to +4% QoQ from $587.9 mlnvs. consensus call for +1% from $579.7 mln, with gross margin of ~64-65% vs. 65.0% consensus.

Reports Q1 (Mar) earnings of $0.40 per share, excluding non-recurring items, $0.09 better than the Thomson Reuters consensus of $0.31; revenues rose 24.7% year/year to $1.48 bln vs the $1.44 bln consensus.

Reports Q1 (Mar) GAAP loss of $0.27 per share, $0.01 worse than the Thomson Reuters consensus of ($0.26); revenues rose 25.2% year/year to $57.2 mln vs the $53.4 mln consensus. Co issues mixed guidance for Q2, sees GAAP EPS of $(0.35-0.46) vs. ($0.21) Thomson Reuters consensus; sees Q2 revs of $68-72 mln vs. $56.67 mln Thomson Reuters consensus. Co issues mixed guidance for FY11, sees GAAP EPS of $0.39-0.44 vs. $0.79 Thomson Reuters consensus; sees FY11 revs of $468-478 mln vs. $374.04 mln Thomson Reuters consensus.

Reports Q1 (Mar) earnings of $0.53 per share, $0.23 better than the Thomson Reuters consensus of $0.30; revenues rose 46.0% year/year to $363.0 mln vs the $355.1 mln consensus. Co issues upside guidance for Q2, sees Q2 revs of $376-378 mln vs. $369.1 mln Thomson Reuters consensus. Co issues upside guidance for FY11, sees FY11 revs of greater than $1.525 bln vs. $1.51 bln Thomson Reuters consensus.

No. Ticker % Change
1 AGQ 12.35
2 PSLV 8.58
3 DBS 6.78
4 SLV 6.27
5 SIL 5.40
6 NUGT 4.64
7 FLYX 4.25
8 GLTR 4.19
9 HHH 4.07
10 UGL 3.85
11 GDXJ 3.81
12 DGP 3.70
13 DZK 3.56
14 JJP 3.51
15 EWI 3.26
16 DBP 3.24
17 TMV 3.18
18 LHB 3.00
19 NIB 2.97
20 FBT 2.79
21 XBI 2.76
22 RXL 2.65
23 BZQ 2.52
24 EWO 2.47
25 EWP 2.45

Up 6.75% today.

No. Ticker % Change Watchlist
1 SLV 6.00 Raw Commodities Index
2 NIB 2.97 Raw Commodities Index
3 UGA 2.25 Raw Commodities Index
4 PALL 1.95 Raw Commodities Index
5 GLD 1.91 Raw Commodities Index
6 PGM 1.20 Raw Commodities Index
7 USO 1.08 Raw Commodities Index
8 COW 0.65 Raw Commodities Index
9 JJN 0.46 Raw Commodities Index
10 JJU 0.22 Raw Commodities Index
11 JO 0.10 Raw Commodities Index
12 FUE 0.09 Raw Commodities Index
13 LD 0.00 Raw Commodities Index
14 DBA -0.15 Raw Commodities Index
15 URA -0.39 Raw Commodities Index
16 KOL -0.54 Raw Commodities Index
17 UNG -0.78 Raw Commodities Index
18 CORN -0.83 Raw Commodities Index
19 LIT -0.86 Raw Commodities Index
20 SGG -1.23 Raw Commodities Index
21 JJT -1.31 Raw Commodities Index
22 JJC -1.48 Raw Commodities Index
23 BAL -4.52 Raw Commodities Index

Spreads are now up nearly 6% for the day, yet refinery related shares are lower.

Hence, crack spreads have gone parabolic.

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Ticker IACI.

He is scheduled to speak at 9:45am, likely to address his magical birth certificate.

The difference between WTI and Brent crude is sustaining a double digit spread, with Brent more than $12 premium to WTI.

Spreads are up 1.6% to $26.

They made $11.27 billion and took a $400 million charge for the spill.

The transaction valued at $21.3 bln. Each share of Synthes common stock, will be exchanged for CHF55.65 in cash and CHF103.35 in JNJ common stock.