KBR reports Q3 (Sep) results, misses on revs; guides FY11 EPS in-line  (29.15 +0.55)

Reports Q3 (Sep) earnings of $1.22 per share, including $0.60 favorable impact of discrete tax items benefit, may not be comparable to the Capital IQ Consensus Estimate of $0.68; revenues fell 4.0% year/year to $2.4 bln vs the $2.43 bln consensus. Co issues guidance for FY11, sees EPS of $3.15-3.30, may not compare to $2.65 Capital IQ Consensus Estimate.

Energen beats by $0.01, beats on revs; guides FY11 EPS below consensus; guides FY12 EPS below consensus  (50.05 +0.88)

Reports Q3 (Sep) earnings of $0.75 per share, ex-items, $0.01 better than the Capital IQ Consensus Estimate of $0.74; revenues rose 27.0% year/year to $375.6 mln vs the $336.1 mln consensus. Co issues downside guidance for FY11, sees EPS of $3.70-$3.90, ex-items vs. $3.98 Capital IQ Consensus Estimate. Co sees after-tax cash flow of $687-$712 mln. Co issues downside guidance for FY12, sees EPS of $3.40-$3.80, ex-items, vs. $4.06 Capital IQ Consensus Estimate. Co sees after-tax cash flow of $769-$798 mln.

Entegris misses by $0.01, misses on revs; guides Q4 EPS below consensus, revs below consensus  (8.27 +0.27)

Reports Q3 (Sep) earnings of $0.17 per share, excluding non-recurring items, $0.01 worse than the Capital IQ Consensus Estimate of $0.18; revenues fell 2.9% year/year to $173 mln vs the $187 mln consensus. Co issues downside guidance for Q4, sees EPS of $0.11-0.15, excluding non-recurring items, vs. $0.17 Capital IQ Consensus Estimate; sees Q4 revs of $155-165 mln vs. $182.77 mln Capital IQ Consensus Estimate.

Churchill Downs reports Q3 results, misses on revs  (44.74 +1.38)

Reports Q3 (Sep) earnings of $1.16 per share, includes items, appears to not be comparable to the Capital IQ Consensus Estimate of $0.33; revenues rose 12.7% year/year to $166.3 mln vs the $169.8 mln consensus.

Everest Re beats by $0.62, misses on revs  (85.94 -0.05)

Reports Q3 (Sep) earnings of $2.70 per share, excluding non-recurring items, $0.62 better than the Capital IQ Consensus Estimate of $2.08; revenues fell 13.0% year/year to $1.02 bln vs the $1.11 bln consensus.

Celadon Group reports EPS in-line, misses on revs  (10.82 +0.08)

Reports Q1 (Sep) earnings of $0.24 per share, in-line with the Capital IQ Consensus Estimate consensus of $0.24; revenues rose 0.9% year/year to $141.5 mln vs the $152.3 mln consensus.

Electro Scientific misses by $0.04, misses on revs; guides Q3 EPS below consensus, revs below consensus  (12.51 +0.14)

Reports Q2 (Sep) earnings of $0.32 per share, $0.04 worse than the Capital IQ Consensus Estimate of $0.36; revenues rose 6.4% year/year to $81.9 mln vs the $90 mln consensus. Co issues downside guidance for Q3, sees EPS of ‘Breakeven or slightly below’ vs. $0.20 Capital IQ Consensus Estimate; sees Q3 revs of ~$50 mln vs. $73.43 mln Capital IQ Consensus Estimate.

Knight Transportation reports EPS in-line, misses on revs  (14.44 -0.21)

Reports Q3 (Sep) earnings of $0.21 per share, in-line with the Capital IQ Consensus Estimate consensus of $0.21; revenues rose 18.7% year/year to $227.1 mln vs the $229.9 mln consensus.

Ameriprise Financial reports Q3 (Sep) results, misses on revs  (42.86 +0.81)

Reports Q3 (Sep) earnings of $1.12 per share, may not be comparable to the Capital IQ Consensus Estimate of $1.21; revenues rose 8.4% year/year to $2.51 bln vs the $2.56 bln consensus. Third quarter results were impacted by a negative $106 million, or $0.42 per diluted share, year-over-year change from the unfavorable market impact on deferred acquisition costs (DAC) and deferred sales inducement costs (DSIC), as well as the company’s annual review of insurance and annuity valuation assumptions and models (unlocking). The negative unlocking impact in the third quarter of 2011 primarily reflects lower near-term interest spread assumptions. “We are maintaining our investments for future growth while managing expenses and our financial foundation prudently. Our financial strength continues to enable us to return significant capital to shareholders. In fact, our excess capital position remains above $2.0 billion even after we accelerated our share repurchase activity, allocating $447 million for share repurchases in the quarter.”

Education Mgmt beats by $0.03, beats on revs; guides DecQ and FY12 EPS below consensus  (19.52 -0.05)

Reports Q1 (Sep) earnings of $0.24 per share, excluding non-recurring items, $0.03 better than the Capital IQ Consensus Estimate of $0.21; revenues rose 2.4% year/year to $682.1 mln vs the $677.7 mln consensus. Co issues downside guidance for Q2 (Dec), sees EPS of $0.45-0.47 vs. $0.56 Capital IQ Consensus Estimate. Co issues downside guidance for FY12, sees EPS of $1.34-1.40, excluding non-recurring items, vs. $1.51 Capital IQ Consensus Estimate. “Our guidance for fiscal 2012 reflects lower new student enrollment results leading up to our October start and a greater than expected increase in the number of student drops from the Argosy University Online transition to a non-term academic calendar. While lower enrollment will impact our financial expectations for the remainder of the fiscal year, we believe that we will likely experience improving new student enrollment trends in calendar year 2012.”

Equinix misses by $0.24, reports revs in-line  (97.44 +0.67)

Reports Q3 (Sep) earnings of $0.20 per share, $0.24 worse than the Capital IQ Consensus Estimate of $0.44; revenues rose 26.4% year/year to $417.6 mln vs the $416.3 mln consensus. Co expects 2011 revenue to be greater than $1.6 bln vs $1.604 bln consensus. Adjusted EBITDA for the year is expected to be greater than $730.0 mln. Capital expenditures for 2011 are expected to be in the range of $645-$665 mln, comprised of approximately $115 mln of ongoing capital expenditures and $530-$550 mln for expansion capital expenditures. For FY12, co expects revenue to be greater than $1.87 bln vs. $1.877 bln consensus and adjusted EBITDA to be greater than $850 mln.

Symetra Financial reports EPS in-line, misses on revs; guides FY11 EPS in-line  (9.49 +0.33)

Reports Q3 (Sep) earnings of $0.35 per share, in-line with the Capital IQ Consensus Estimate consensus of $0.35; revenues fell 6.3% year/year to $454.7 mln vs the $483.9 mln consensus. Co issues in-line guidance for FY11, sees EPS of $1.35-1.40 vs. $1.39 Capital IQ Consensus Estimate.

Adjusted book value per share, as converted was $16.51 per share as of Sept. 30, 2011, compared with $16.49 per share as of June 30, 2011. Symetra Life Insurance Company ended third quarter 2011 with an estimated risk-based capital (RBC) ratio of 455% and statutory capital and surplus, including asset valuation reserve (AVR), of $1,996.7 million. The estimated RBC ratio for third quarter 2011 reflected the decline in equity investments and the AUL transaction. On Jan. 1, 2012, the company will retrospectively adopt the new DAC accounting standard. The adoption of this standard is expected to reduce Symetra’s Dec. 31, 2010 book value by 0.8% to 1.2% and adjusted book value by 1.3% to 1.7%. This new accounting standard is not applicable to the company’s statutory capital and surplus nor will it affect Symetra’s RBC or holding company liquidity position.

Capstead Mortgage misses by $0.02, misses on revs  (12.31 +0.04)

Reports Q3 (Sep) earnings of $0.43 per share, $0.02 worse than the Capital IQ Consensus Estimate of $0.45; revenues rose 54.5% year/year to $62.9 mln vs the $63.8 mln consensus.

Selective Insurance beats by $0.11, misses on revs  (15.74 +0.48)

Reports Q3 (Sep) loss of $0.34 per share, excluding non-recurring items, $0.11 better than the Capital IQ Consensus Estimate of ($0.45); revenues rose 1.1% year/year to $394.1 mln vs the $399.6 mln consensus.

AFLAC misses by $0.01, reports revs in-line; guides Q4 EPS below consensus; guides FY11 EPS in-line  (43.03 +1.29)

Reports Q3 (Sep) earnings of $1.59 per share, $0.01 worse than the Capital IQ Consensus Estimate of $1.60; revenues rose 11.0% year/year to $5.99 bln vs the $5.95 bln consensus. Co issues downside guidance for Q4, sees EPS of $1.45-1.52 vs. $1.55 Capital IQ Consensus Estimate. Co issues in-line guidance for FY11, sees EPS of $6.30-6.37, excluding non-recurring items, vs. $6.34 Capital IQ Consensus Estimate.

Although we have not yet completed our statutory financial statements for the third quarter, we estimate our RBC ratio will be within the range of 500% and 540% at the end of September. Despite our expectation for higher spending in the fourth quarter, I am confident we will achieve our 2011 objective of growing operating earnings per diluted share at 8%, excluding the impact of the yen. If the yen averages 75 to 80 to the dollar for the last three months of the year, we would expect reported operating earnings for the fourth quarter to be in the range of $1.45 to $1.52 per diluted share. Under that exchange rate assumption, we would expect full year operating earnings of $6.30 to $6.37 per diluted share.  “Looking ahead, I want to reiterate our expectation that 2012 operating earnings per diluted share will increase 2% to 5% on a currency neutral basis. Furthermore, once the effects of our proactive investment derisking program and low interest rates have been integrated into our financial results, we believe the rate of earnings growth in future years should improve.”

Hanger Orthopedic beats by $0.01, misses on revs; guides Q4 EPS below consensus, revs below consensus; guides FY11 EPS below consensus, revs below consensus  (21.14 -0.23)

Reports Q3 (Sep) earnings of $0.46 per share, $0.01 better than the Capital IQ Consensus Estimate of $0.45; revenues rose 13.8% year/year to $235.3 mln vs the $238.5 mln consensus. Co issues downside guidance for Q4, sees EPS of $0.49-$0.52 vs. $0.58 Capital IQ Consensus Estimate; sees Q4 revs of $243-$247 vs. $262.11 mln Capital IQ Consensus Estimate. Co issues downside guidance for FY11, sees EPS of $1.59-$1.62 vs. $1.67 Capital IQ Consensus Estimate; sees FY11 revs of $914-$918 mln vs. $939.73 mln Capital IQ Consensus Estimate.

AXT beats by $0.01, misses on revs; guides Q4 EPS below consensus, revs below consensus  (5.92 +0.37)

Reports Q3 (Sep) GAAP earnings of $0.19 per share, $0.01 better than the Capital IQ Consensus Estimate of $0.18; revenues rose 5.6% year/year to $28.3 mln vs the $30.4 mln consensus. Gross margin was 43.2% of revenue for the third quarter of 2011. Co issues downside guidance for Q4, sees EPS of $0.08-0.12 vs. $0.17 Capital IQ Consensus Estimate; sees Q4 revs of $20-23 mln vs. $30.40 mln Capital IQ Consensus Estimate.

Town Sports Intl reports EPS in-line, revs in-line; guides Q4 EPS below consensus, revs below consensus  (8.91 +0.49)

Reports Q3 (Sep) earnings of $0.08 per share, in-line with the Capital IQ Consensus Estimate consensus of $0.08; revenues rose 2.7% year/year to $116.1 mln vs the $116.9 mln consensus. Co issues downside guidance for Q4, sees EPS of $0.07-0.09 vs. $0.10 Capital IQ Consensus Estimate; sees Q4 revs of $114.5-115.5 vs. $116.95 mln Capital IQ Consensus Estimate. The co expects their 2012 capital expenditures to be similar to or less than the 2011 levels, as they are currently targeting up to three openings of smaller “fitness-only” clubs in 2012.