Earnings New – Cognex, Jabil Circuit, Paychex, Peet’s Coffee

Cognex Raises Guidance
Cognex Corp. (CGNX) said it expects third quarter revenue of $74.0 million to $76.0 million. The company’s previosu guidance was for revenue of $65.0 million to $68.0 million and the current consensus estimate is revenue of $66.7 million for the quarter ending September 30, 2010.

Corrections Corporation of America Guides Higher
Corrections Corporation of America (CXW) said it expects third quarter earnings of $0.37 to $0.38 per share. The company’s previous guidance was earnings of $0.31 to $0.33 per share AND The current consensus earnings estimate is $0.32 per share for the quarter ending September 30, 2010. The company also said it expects fourth quarter earnings of $0.33 to $0.35 per share. The current consensus earnings estimate is $0.32 per share for the quarter ending December 31, 2010.

Jabil Circuit Sees Revenue Below Estimates
Jabil Circuit, Inc. (JBL) said it expects first quarter non-GAAP earnings of $0.53 to $0.57 per share on revenue of $3.90 billion to $4.00 billion. The current consensus earnings estimate is $0.53 per share on revenue of $4.09 billion for the quarter ending November 30, 2010.

Paychex Reaffirms
Paychex, Inc. (PAYX) said it continues to expect fiscal 2011 total service revenue of $2.00 billion to $2.02 billion. The current consensus estimate is total revenue, which includes interest revenue to included in the company’s guidance, of $2.06 billion for the year ending May 31, 2011.

Peet’s Coffee and Tea Reaffirms
Peet’s Coffee and Tea, Inc. (PEET) said it continues to expect 2010 earnings of $1.27 to $1.30 per share. The current consensus earnings estimate is $1.29 per share for the year ending December 31, 2010.

American Electric Power Reaffirms
American Electric Power Company, Inc. (AEP) said it continues to expect 2010 earnings of $2.80 to $3.20 per share. The current consensus earnings estimate is $3.04 per share for the year ending December 31, 2010.

ITC Holdings Guides Below 2011 Estimates
ITC Holdings Corp. (ITC) said it continues to expect 2010 earnings of $2.70 to $2.75 per share and now sees 2011 earnings of $3.20 to $3.30 per share. The current consensus earnings estimate is $2.75 per share for the year ending December 31, 2010 and $3.39 per share for the year ending December 31, 2011.

Source: EarningWhisper