Stocks in the news Wednesday

From Standard & Poor’s Equity Research

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Time Warner (TWX) posts $0.30, vs. $0.24, third lodge EPS from continuing operations put in succession smooth revenues. Cuts $1.07-$1.11 2008 EPS from continuing operations foresee to $1.04-$1.07, which incl. restructuring charges, sure items moving comparability, which were also not expected when TWX first by stipulation its 2008 outlook, so as gains, losses on asset sales, asset impairments, costs expected to be incurred in conjunction with Time Warner Cable separation.

Pioneer Natural Resources (PXD) posts $0.91 (adjusted), vs. $0.84, third quarter EPS on 26% higher revenue and other income. Street estimate was $1.21. Notes loss of approximately 3,000 barrels oil equivalent per lifetime (BOEPD) of production due to Hurricanes Ike and Gustav. In addition, third quarter was affected by declining O&G prices and widening differentials connected with to NYMEX gas prices. fourth quarter production is forecasted to average 114,000 BOEPD to 119,000 BOEPD, considerate impact of production that continues to be shut-in and/or curtailed due to the hurricanes.

Medco Health Solutions (MHS) posts $0.63, vs. $0.44, third part quarter non-GAAP EPS on 15% reward rise. Reaffirms 2008 non-GAAP EPS of $2.30-$2.33, sees $2.67-$2.77 for 2009. Also expects to drive cash flows from ops to approximately $2 billion in 2009, up 50% from its 2008 expectations.

Sara Lee (SLE) posts $0.32, vs. $0.28, first quarter EPS on 9.6% revenue rise. Cuts fiscal year 2009 EPS set a value on to $0.99-$1.06 (including $0.21 of tobacco sales receipts). Says reduction in EPS est. of $0.13-$0.14 vs. previous guidance entirely driven by change in projected forex, higher number of shares outstanding becoming to suspension of share repurchase program. Given current nature of financial markets, most notably credit mart, says it has suspended its share repurchase program until place of traffic conditions improve.

Polo Ralph Lauren (RL) posts $1.58, vs. $1.09 a year ago, assistant quarter EPS on 7.3% sales rise. Sees frugal single digit become greater in financial year 2009 net revenues vs. prior guidance for low-to-mid single-digit toil reward growth. Maintains fiscal year 2009 EPS estimate of $4.00-$4.10.

ArcelorMittal (MT) posts $2.78, vs. $2.10, third quarter EPS on 38% sales rise. Sees fourth quarter EBITDA of $2.5-$3.0 billion due to increased production cuts following weaker demand across totality segments as a consequence of the current credit and economic environment. Expects positive ready money flow from operations for fourth be stationed, capital expenditures to be about $1.5 billion.

Cognizant Technology Solutions (CTSH) posts $0.38, vs. $0.32, third quarter GAAP EPS on 31% return rise. Sees at least $2.81 billion in 2008 revenue, at least $1.45 GAAP EPS.

IAC/InterActive (IACI) posts $0.14 third quarter adjusted loss, vs. $0.17 adjusted EPS, despite 10% higher income. Notes spin-off expenses, related charges and items. third part quarter GAAP results were an $0.11 deprivation vs. $0.47 EPS.

Papa John’s International (PZZA) posts weaker-than-expected $0.28, vs. $0.16, third quarter GAAP EPS on 6.6% higher revenue. Street was expecting $0.36. PZZA said third quarter 2008 EPS included a loss of $0.09 primarily associated with the expected divestiture of 63 restaurants in fourth quarter 2008.

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