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com/research/stocks/snapshot/snapshot.asp?symbol=WCN'>WCN) sees third quarter revenue of $271-$272 million, with pricing growth to be about 6.0% and volume growth to be about negative 2.5%. Operating income before depreciation and amortization expense is estimated to be between $80-$81 million, with operating income of 20.5%-20.8% of revenue. Plans to issue 10 million shares in a registered offering.
3Com (COMS) posts $0.11, vs. $0.03, first quarter non-GAAP EPS on 7% revenue rise. Revenue of $342.7 million beat company guidance of $325-$335 million provided in early August. Reportedly sees second quarter revenue of $345-$350 million.
Union Pacific (UNP) raises $1.10-$1.20 third quarter EPS view to $1.28-$1.33. It says lower diesel fuel costs, strong operating efficiency will more than offset impact of recent hurricanes, lower volumes. Notes widespread commercial power outages associated with Hurricane Ike have impacted operations, limited ability of customers to resume production. UNP's new EPS view includes reduction of about $0.10 as a result of the hurricanes, primarily Ike. S&P maintains hold.
Cache (CACH) cuts $0.01-$0.02 third quarter EPS view to $0.12-$0.14 loss on 4% lower same-store sales. Cites softer-than-anticipated sales performance in the latter part of the period, as a result of a difficult homecoming dress season prompted by the tough economy. Sales were also negatively impacted by tropical storms that caused temporary store closings in Florida, Texas and Louisiana. Now sees 2008 GAAP EPS of $0.10-$0.17. Roth Capital downgrades to hold from buy.
Savvis (SVVS) - Jefferies downgrades SVVS to hold from buy on decreasing visibility, increasing capex.
Air Products and Chemicals (APD) cuts $1.37-$1.42 fourth quarter EPS from continuing operations guidance to $1.24-$1.26. Cites fire at its Ulsan, Korea nitrogen trifluoride production facility; Hurricanes Gustav and Ike reduced short-term demand from U.S. Gulf Coast customers, drove temporary increases in operational costs; continued strengthening of U.S. dollar against Euro and Pound Sterling; slowdown in semiconductor foundry and liquid crystal display (LCD) manufacturing; further weakening of manufacturing environment in Europe.
Sinclair Broadcast Group (SBGI) cuts third quarter guidance for net broadcast revenues to about $149.4 million, flat with year ago level, from previous view of $152.5-$154.4 million. It says $1.7 million of shortfall is due to lower-than-expected political spending as candidates shift their advertising buys from local spot market to the networks. Remaining shortfall is primarily due to advertising cancellations by automobile sector, both at manufacturing and dealer levels, as well as fast food sector.
Dollar Thrifty Automotive Group (DTG) announced that results in third quarter continue to be affected by challenges in the areas of revenue per day and vehicle depreciation costs. Says results are also expected to be affected by the bankruptcy of one of its tour operators. In light of performance to date, says it's seeking an amendment to its senior secured credit facility.
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