May 12, 2008 -- 05:14 ET| Trading Points |
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| 05:14 ET Orbotech beats by $0.01, beats on revs Reports Q1 (Mar) earnings of $0.11 per share, $0.01 better than the First Call consensus of $0.10; revenues rose 16.7% year/year to $100.5 mln vs the $94.9 mln consensus. | | 05:12 ET Medifast misses by $0.01, beats on revs; reiterates FY08 revenue and EPS guidance Reports Q1 (Mar) earnings of $0.10 per share, $0.01 worse than the First Call consensus of $0.11; revenues rose 25.3% year/year to $25.2 mln vs the $22.1 mln consensus. Management reiterates expectations of revenue growth for FY08 in the range of 8-10%; and diluted EPS growth in the range of 30-35% for the year ended December 31, 2008. | | 02:17 ET Stifel Financial reports Q108 results, beats by $0.14; board authorizes 3-for-2 stock split Reports Q1 (Mar) earnings of $1.03 per share, excluding items, $0.14 better than the First Call consensus of $0.89; revenues rose 35% year/year to $211.48 mln vs the $197.0 mln consensus. Board authorizes three-for-two stock split (record date is May 29, 2008). | | 02:07 ET On The Wires Weyerhaeuser (WY) announces that Carter Holt Harvey has begun a process to purchase the timber manufacturing operations and timber distribution business of the Weyerhaeuser Australia Group... Energy XXI Ltd. (EXXI) announces a warrant tender offer to exchange its outstanding 77,264,872 warrants to purchase common shares for common shares and or a combination of common shares and cash. | | 02:04 ET EnCana plants to split into two energy companies The Board of Directors of co has unanimously approved a proposal to split EnCana into two companies - one a natural gas co and the other a fully integrated oil co. The proposed corporate reorganization would be implemented through a court-approved Plan of Arrangement. This transaction will create a publicly-traded integrated oil co. This co, which has a working name of IntegratedOilCo (IOCo), will focus on the development of EnCana's Canadian oilsands assets and refinery interests in the U.S., underpinned by a natural gas and oil production base in Alberta and Saskatchewan. EnCana's other major operating divisions, Canadian Foothills and USA, will form a pure-play natural gas co. With a working name of GasCo, it will represent about two-thirds of EnCana's current production and proved reserves. It is expected that GasCo will retain the name EnCana. The permanent name of IOCo will be determined before the transaction closes. Under the proposed transaction, which is expected to be completed in early 2009, EnCana common shareholders will receive one share in each of GasCo and IOCo in exchange for each EnCana share held. | | 01:57 ET Aurora Oil & Gas reports Q108 results Reports Q1 (Mar) earnings of $0.00 per share, excluding non-recurring items, in-line with the First Call consensus of $0.00; revenues rose 10% year/year to $6.89 mln vs the $8.7 mln consensus. |
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| Market Internals Data |
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| Issues | NYSE | Nasdaq |
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| Advancing | 1,438 | 1,363 | | Declining | 1,641 | 1,489 | | Unchanged | 117 | 133 | | Total | 3,196 | 2,985 | | Ratio | | Adv. / Dec. | 0.88 | 0.92 |
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