Texas Instruments (TXN) cuts $3.27-$3.55 billion first quarter revenue forecast to $3.21-$3.35 billion, and $0.43-$0.49 first quarter EPS forecast to $0.41-$0.45.
WellPoint (WLP) cuts $1.44 first quarter EPS forecast to $1.16-$1.26, and $6.41 2008 EPS forecast to $5.76-$6.01. It cites higher than expected medical costs, lower than expected fully insured enrollment and, to a lesser extent, changing economic environment. Goldman reportedly downgrades to neutral from buy.
Boeing (BA) says it will file a formal protest on Tuesday asking the Government Accountability Office (GAO) to review the decision by the U.S. Air Force to award a contract to a team of Northrop Grumman (NOC) and European Aeronautic Defence and Space Company to replace aerial refueling tankers.
Thornburg Mortgage (TMA) says its amended Form 10-K/A contains restated consolidated financial statements for the year ended Dec. 31, 2007. It says it also reflects a $248.8 million increase to the impairment charge of $427.8 million reported in Form 8-K filed on Mar. 7, 2008, bringing the total impairment charge to $676.6 million for 2007. It also says it's in talks with its lenders to reach a mutually satisfactory agreement that will enable it to meet all of its margin calls within an acceptable timeframe for its lenders and also mitigate the sale of high-quality assets at a significant loss in this environment.
Inter Parfums (IPAR) posts $0.41, vs. $0.27 a year ago, fourth quarter EPS on 32% revenue rise. Due to better-than-expected performance in 2007, initial success with its 2008 launch schedule, raises 2008 guidance to net sales of about $442 million, EPS to $1.25.
CTC Media (CTCM) agrees to acquire DTV Group from Modern Times Group MTG AB for a total cash consideration of approximately $395 million. Notes DTV Group operates a national free-to-air television network and a group of 28 owned-and-operated stations in Russia. The deal is expected to close by the end of the second quarter.
Systemax (SYX) posts $0.64, vs. $0.22 a year ago, fourth quarter EPS on 19% revenue rise. Sets $1.00 special dividend.
Jones Soda (JSDA) posts $0.39 fourth quarter loss per share, vs. $0.08 EPS a year ago, on 41% net revenue drop. It says it was unable to execute the details of its expansion to a level that satisfies the company, which resulted in lower net revenues and unanticipated losses in '2007.