Trading

Earnings

CNXT- flier, look at message board, other income problem, messy

ISRG- just buy

JJSF- nicely run company

Earnings

STX- guid up a lot, beat a lot

PLXS- -16/-6/0.36, guid up a lot, guid rev recent quarter high, GM%= 10%

Reports Q1 (Dec) earnings of $0.36 per share, excluding non-recurring items, $0.02 better than the First Call consensus of $0.34; revenues fell 5.6% year/year to $430.4 mln vs the $422.3 mln consensus. Co issues upside guidance for Q2, sees EPS of $0.42-0.52 vs. $0.31 consensus; sees Q2 revs of $470-495 mln vs. $423.90 mln consensus.

SBUX- a bit expensive now.

Reports Q1 (Dec) earnings of $0.33 per share, ex items, $0.05 better than the First Call consensus of $0.28; revenues rose 4.1% year/year to $2.72 bln vs the $2.6 bln consensus. SBUX reports Q1 OP Margin of 13.0% vs 11.9% Street expectation and 10.4% last qtr. SBUX reports Q1 comps of 4.0% vs 1.74% Street expectations and -1% last qtr. Co raises guidance for FY10, sees EPS of $1.05-1.08, excluding items, vs. $1.02 consensus, up from prior guidance of $0.92-0.96. Co updated its FY11 targets: now sees mid-single digit revenue growth (up from low-to-mid single digits; current consensus is for FY11 revs growth of +2.98%),

FFIV- B0.03/30/16/0.52, guid up 0.52-0.54 vs 0.48, at least 20x, a bit expensive

Guidance

EL-

Co raises Q2 EPS guidance to $1.23-1.30 vs. $0.89 First Call consensus, up from $0.80-0.87. Co also raises Q2 revs guidance to up 10-11%, up from 0-3% in constant currency.

Q1 = 0.85, EQ3 = Q1 Rev, but EEPS=0.3 only, estimate imply big SGA rises, dont know why, but it might significantly beat again.