Pershing Square Updates Information on Herbalife (HLF) Nutrition Clubs Presentation Jul 18, 2014 11:15AM

Pershing Square Capital Management announced that it will present its investigation of Herbalife Ltd.’s (NYSE: HLF) Nutrition Clubs at the AXA Equitable Center on Tuesday, July 22, at 10 AM EDT to be followed by a Q&A session. The presentation will also be simultaneously webcast at and

An in-depth analysis and examination of these clubs—which Herbalife claims are simply social gatherings that bring people together to focus on good nutrition and exercise—reveal that they are a core driver of Herbalife’s pyramid scheme.

Event details

Tuesday, July 22, at 10 AM EDT
AXA Equitable Center
787 Seventh Avenue (51st/52nd)
New York, NY 10019

To attend the event, please register at:

To listen to the presentation, please dial in as follows:

International direct 1 857 244 7319
US Toll free 1 877 280 4962
Passcode: 533 493 55

Tesla Motors (TSLA) Will Report Q2 Results on July 31st; Street Sees Revenue Doubling Jul 18, 2014 10:07AM

Tesla Motors (NASDAQ: TSLA) announces that it will post its financial results for the second quarter ended June 30, 2014, after market close on Thursday, July 31, 2014. At that time, Tesla will issue a brief advisory release containing a link to the Q2 2014 Shareholder Letter, available on the company website. Tesla management will hold a live question & answer webcast at 2:30pm Pacific Daylight Time (5:30pm Eastern Daylight Time) to discuss the Company's financial and business results and outlook.

*** The Street is currently looking for Q2 EPS of $.04 with revenue of $810.6 million, from EPS of $.20 and revs of $405 million reported in the same period last year.

Tesla Motors, Inc. Q2 2014 Financial Results Q&A Webcast

Thursday, July 31, 2014

2:30pm Pacific Daylight Time / 5:30pm Eastern Daylight Time

Shareholder Letter:

Webcast: (live and replay)

Approximately two hours after the Q&A session, an archived version of the webcast will be available on the Company's website for a period of one year.

For additional information, please visit

Rogers Corp. (ROG) Revises Q2 Outlook; EPS Comes in Below Expectations Jul 17, 2014 04:28PM

Rogers Corp. (NYSE: ROG) announced revised guidance for its fiscal second quarter ended June 30, 2014. Rogers now expects that it will report all-time quarterly record net sales from continuing operations of $153.5 million for the period as compared to the April 29, 2014 guidance of $143 to $148 million. Earnings per diluted share from continuing operations for the second quarter 2014 are expected to be approximately $0.55 to $0.58 compared to the previous guidance of $0.68 to $0.76 per diluted share.

*** The Street sees Q2 revs of $146 million and EPS of $0.74.

These revised unaudited earnings estimates are primarily the result of increased selling, general and administrative (SG&A) expenses of approximately $6 to $7 million and a higher than anticipated effective tax rate. The increase in SG&A expenses was driven by incentive compensation accruals and unusually high spending on internal process improvement projects, business development investments, Chief Financial Officer transition expenses, and other severance costs. The higher effective tax rate was the result of a change in the geographic profit mix to higher tax rate jurisdictions.

Bruce D. Hoechner, President and CEO commented, “I am very pleased with our top line performance reaching all-time quarterly record levels for the Company during the quarter and the continued strength of our gross margins. With respect to the increased expenses noted above, we have taken significant steps within the Company to improve our budgetary planning capabilities. The underlying fundamentals of the business remain solid as we continue to benefit from tailwinds in our core markets that we believe offer continued opportunities for profitable growth as we move forward.”

The Company plans to release results for its 2014 second quarter after the close of trading on Tuesday, July 29, 2014. A copy of the announcement will be available on the Rogers website at

All interested parties are invited to participate in Rogers’ quarterly teleconference to be held on Wednesday, July 30 at 9:00 am ET. Bruce D. Hoechner, President and CEO, and members of senior management will review the results and respond to questions.

To participate in the teleconference please call 1-800-574-8929 toll-free in the U.S. or 1-973-935-8524 from outside the U.S. There is no pass code for the teleconference.

For interested parties who do not wish to ask questions, the call is being webcast live by Thomson Reuters and may be accessed through a link on the Rogers website at

A slide presentation will be made available prior to the start of the call. The slide presentation may be accessed on the Rogers Corporation website under the Investor Relations section.

If you are unable to participate during the live teleconference, the call will be archived until Wednesday, August 6, 2014. The audio archive can be accessed by calling 1-855-859-2056 in the U.S. or 1-404-537-3406 from outside the U.S. The pass code for the audio replay is 60797684. To access the archived audio online, please visit the Investor Relations section of the Rogers website and select the webcast link.

ARIAD Pharma (ARIA) Will Report Q2 Results Aug. 6th; Street Sees Narrower Loss Jul 16, 2014 07:40AM

ARIAD Pharmaceuticals, Inc. (Nasdaq: ARIA) announced that it will report its second quarter 2014 financial results on Wednesday, August 6, 2014, before the market opens.

*** The Street is looking for ARIAD to report a loss of $.29 per share with revenue of $13.65 million, from a loss of $.37 per share and revs of $13.9 million posted in the same period last year. ***

Following the announcement, at 8:30 a.m. Eastern Time, company management will host a conference call and webcast discussion of the results and provide a general corporate update.

The live webcast can be accessed by visiting the investor relations section of the Company’s website at The call can be accessed by dialing 888-771-4371 (domestic) or 847-585-4405 (international) five minutes prior to the start time and providing the pass code 37600188. A replay of the call will be available on the ARIAD website approximately two hours after completion of the call and will be archived for three weeks.

Lumber Liquidators (LL) Prelim. Q2 Results Miss Expectations; FY14 Outlook Cut Jul 9, 2014 04:21PM

Lumber Liquidators Holdings (NYSE: LL) provided a business update for the second quarter ended June 30, 2014, and revised its outlook for 2014.

Net sales in the second quarter of 2014 increased 2.3% to $263.1 million, from $257.1 million in the second quarter of 2013. At comparable stores, net sales decreased 7.1% for the quarter, in comparison to an increase of 14.9% for the second quarter of the prior year. The Company operated 344 stores at June 30, 2014, including 13 new stores opened during the second quarter, up from 300 at June 30, 2013.

Gross margin in the second quarter of 2014 is expected to contract in comparison to the second quarter of 2013 due primarily to adverse net shifts in sales mix and greater discounting at the point of sale. Selling, general and administrative expenses are expected to be approximately 9.0% higher than the second quarter of 2013 primarily due to higher advertising, occupancy, legal and professional expenses. The Company anticipates second quarter 2014 earnings per diluted share will be in the range of $0.59 to $0.61, compared to earnings per diluted share of $0.73 in the second quarter of the prior year.

*** The Street sees Q2 revs of $303.2 million and EPS of $.90.

Robert M. Lynch, President and Chief Executive Officer, commented, "Customer traffic to our stores was significantly weaker than we expected, particularly in geographic areas severely impacted by the unusually harsh weather in the first quarter. The improvement in customer demand we experienced beginning in mid-March did not carry into May, and June weakened further. Our reduced customer traffic has coincided with certain weak macroeconomic trends related to residential remodeling, including existing home sales, which have generally been lower in 2014 than the corresponding periods in 2013. We now believe the prolonged purchase cycle associated with our customers' discretionary, large-ticket home improvement projects is likely to be delayed for some customers into the fall flooring season, and for others, into spring of 2015."

Mr. Lynch continued, "In certain key merchandise categories, primarily laminates, vinyl plank and engineered hardwoods, lower than planned inventory levels reduced our ability to convert customer interest into invoiced sales. Certain mills experienced production delays in meeting our open orders as we continued to enhance our quality assurance requirements. We estimate an aggregate net sales shortfall in the second quarter of up to $18 million in those products impacted. We expect full product availability for our customers during the third quarter, with no material impact to our product costs."

Company Outlook

Based on year-to-date results and current trends, the Company has updated its outlook for the full year 2014 and now expects the following:

  • Net sales in the range of $1.05 billion to $1.10 billion, from the previous range of $1.15 billion to $1.20 billion.
  • Change in comparable store net sales in the low single digits, either positive or negative, from the previous increase ranging from mid to high single digits.
  • The opening of a total of 33 to 37 new store locations in the expanded showroom format, from the previous range of 35 to 40 new store locations.
  • Earnings per diluted share in the range of $2.65 to $3.00 based on a diluted share count of 27.6 million shares, which is exclusive of any future impact of the stock repurchase program, from a previous range of $3.25 to $3.60.

*** The Street sees FY14 revs of $1.16 billion and EPS of $3.34.

Mr. Lynch concluded, "Though we continue to believe we are early in a multi-year housing recovery that will drive home improvement spending, a number of the factors weighing on our second quarter results are likely to continue in the second half of 2014. We are focused on continuous improvement in our operations, strengthening our leadership in product price and quality and elevating customer recognition of our superior value proposition. While we believe the third quarter may be weaker than we originally anticipated, we have a strong sense of urgency and we expect to regain traction to deliver operating margin expansion in the second half and in coming years. We remain confident in the long-term strength of our business model and believe that the investments we have made in our strategic initiatives will continue to drive market share gains in the future."

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