Mosaic Company (MOS) posts $1.17, vs. $0.10 a year ago, third quarter EPS on 68% revenue rise. It says the environment for its core Phosphate and Potash businesses looks extraordinary despite recent turbulence in commodity markets.
Massey Energy (MEE) says its board approved an additional $90 million in capital spending for 2008 to accelerate expansion projects. Says in the first quarter, operations produced 9.9 million tones, shipped 9.6 million tones, which were about 0.6 million tons and 0.3 tons less than the first quarter, respectively. It says the first quarter average produced coal revenue is projected to be $55.50 to $56.00 per ton, average operating cash cost to be $45.00 to $46.00.
Zimmer Holdings (ZMH) says its has voluntarily and temporarily suspended production and sales of certain Orthopedic Surgical Products (OSP) manufactured at its Dover, Ohio facility, in order for the company to focus the OSP organization on the needed improvements to manufacturing and conduct enhanced quality training for employees. Expects '08 OSP revenues to be negatively impacted by $70-$80 million.
Myers Industries (MYE) announces that it has received notice that GS Capital Partners doesn't plan to proceed with proposed acquisition of the company and the two companies mutually agree to terminate merger agreement.
Qwest Communications International (Q) announces that John W. Richardson, executive vice president, CFO, will leave the company. S&P maintains hold.
International Business Machines (IBM) says the Environmental Protection Agency (EPA) has agreed to terminate the temporary suspension order barring IBM from participating in new Federal government business. Effective immediately, IBM will resume participating in new business with all federal agencies, ending a suspension that began March 27, 2008.
Honeywell International (HON) agrees to acquire Norcross Safety Products LLC, a leading maker of Personal Protective Equipment, for about $1.2 billion.
Riverbed Technology (RVBD) sees lower-than-expected first quarter revenue of $72-$73 million and GAAP net income of about breakeven. Expects non-GAAP EPS of about $0.08-$0.10. Cites lengthening sales cycle, primarily for domestic enterprise customers.
Family Dollar Stores (FDO) posts better-than-expected $0.45, vs. $0.60 a year ago, second quarter EPS on flat same-store sales. Sees $0.39-$0.44 third quarter EPS, $0.29-$0.34 ; now sees fiscal year 2008 EPS of $1.50-$1.60.
Thermo Fisher Scientific (TMO) announces that it has received FDA clearance for Spectra MRSA, a test designed to screen for methicillin-resistant Staphylococcus aureus (MRSA), more commonly known as the "superbug."
Haverty Furniture Companies (HVT) posts 9.8% lower March same-store sales, 6.2% lower total sales. For the first quarter, it posts 6.3% lower same-store sales, 3.0% lower total sales.
Lawson Software (LWSN) posts $0.08, vs. $0.05 a year ago, third quarter EPS before items on 11% revenue rise. Sees fourth quarter revenue of $225-$230 million and non-GAAP EPS of $0.08-$0.11.