Comcast (CMCSA) posts $0.21, vs. $0.19 a year ago, second quarter adjusted EPS on 11% revenue rise. Reaffirms 2008 revenue and cash flow growth of 8%-10%.

Shares of Fannie Mae (FNM) and Freddie Mac (FRE) are in focus as emergency restrictions on short-sales in FNM and FRE, and other Wall Street firms, that were set to expire last night, were extended through August 12. Also, AP reports President Bush signed the massive housing bill intended to provide mortgage relief for 400,000 struggling U.S. homeowners and to stabilize financial markets.

Energizer Holdings (ENR) posts $1.13, vs. $1.06, third quarter EPS on 33% sales rise. Street was looking for $1.26 third quarter EPS. Says general economic conditions continue to impact its battery business, and it remains to be seen if category softness will impact upcoming holiday season.

Garmin Ltd. (GRMN) posts $1.19, vs. $0.98, second quarter EPS on 23% revenue rise. Says it recognizes that macroeconomic conditions and high fuel prices have had an impact on its growth, with that in mind, updates its guidance; now expects $4.13 [excluding forex] 2008 EPS, overall revenue to be $3.9 billion.

Office Depot (ODP) posts $0.04, vs. $0.41, second quarter adjusted EPS on 10% decline in same-store sales, 1% decline in total sales.

Centex (CTX) posts $1.21 first quarter loss, vs. $1.05 loss [GAAP], on 41% lower total revenue. Excluding discontinued operations, the first quarter loss widened to $1.36 from $1.08. S&P maintains hold.

Corning (GLW) posts $0.49, vs. $0.44, second quarter non-GAAP EPS on 5% revenue rise. Sees $0.48-$0.51 third quarter EPS [excluding items] on sales of $1.65-$1.72 billion. Says third quarter guidance assumes a weaker yen, which is expected to reduce both third quarter sales and net income by about $30 million. Sets $1 billion stock buyback. S&P maintains strong buy.

Cummins (CMI) posts $1.49, vs. $1.06, second quarter EPS on 16% higher sales. Says in light of its performance in the first half of year, it raises its 2008 sales guidance to 15%, up from previous 12% growth. Expects to earn an EBIT margin of 10% of sales for 2008.

Avon Products (AVP) posts $0.55, vs. $0.26, second quarter EPS on 17% revenue rise. Cites strength of well-balanced geographic portfolio and the momentum of its turnaround plan. Still expects to achieve annualized savings of approximately $430 million once all initiatives of its multi-year restructuring program are fully implemented by 2011-2012. Those savings are expected to reach $270 million in 2008 and $300 million in 2009.

Radisys (RSYS) posts $0.14 second quarter non-GAAP EPS, vs. breakeven, on 29% revenue rise. Sees third quarter revenue of $98-$103 million, driven by projected increases in ATCA and commercial revenues, non-GAAP EPS of $0.16-$0.22.

IAC/InterActiveCorp (IACI) posts $0.35, vs. $0.34, second quarter adjusted EPS on 7% revenue rise.

Dreamworks Animation SKG (DWA) posts better-than-expected $0.30, vs. $0.60, second quarter EPS on 37% revenue decline. Notes better-than-expected performance from Kung Fu Panda. The company expects foreign exchange rates will cause worldwide theatrical marketing expense to be meaningfully higher than it has observed historically. This change will increase the amount that DWA's distributor needs to recoup and, consequently, lower DWA's third quarter revenue, and raise expenses. Sets $150 million stock buyback.

Electronic Arts (ERTS) posts $0.42, vs. $0.22, first quarter non-GAAP loss despite 41% higher revenue. Sees fiscal year 2009 non-GAAP net revenue of $5-$5.3 billion, non-GAAP EPS of $1.30-$1.70.

MetLife (MET) posts $1.30, vs. $1.72, second quarter operating EPS on catastrophe losses in its homeowners business, unfavorable adjustments to deferred acquisition costs, and lower investment spreads. Revises previously announced full-year 2008 operating EPS guidance of $5.90-$6.20 to $5.70-$5.90. S&P reiterates strong buy.

ArcelorMittal (MT) posts $4.19, vs. $1.97, second quarter EPS on 39% revenue rise. Sees third quarter EBITDA exceeding $8.5 billion.

ACE Ltd. (ACE) posts $2.18, vs. $1.98, second quarter operating EPS. Net premiums written and earned increased 17% and 14%, respectively, over the prior year quarter [4% and 1%, respectively, excluding Combined Insurance]. Combined ratio for the quarter was 87.8% compared with 87.6% for the prior year quarter.

Interpublic Group of Companies (IPG) posts $0.17, vs. $0.24, second quarter EPS as absence of a second quarter 2007 tax benefit, primarily due to the reversal of a tax reserve of about $80 million offset 11% revenue rise. Says it's on track to achieve its 2008 financial objectives.

HanesBrands (HBI) posts $0.65, vs. $0.54, second quarter non-GAAP EPS as reduced long-term debt, lower base interest rates, and lower income tax expense offset 4.4% sales decline. HBI follows a policy of not providing quarterly or annual EPS guidance.

EOG Resources (EOG) posts $0.71, vs. $1.24, second quarter GAAP EPS on 37% lower revenue. Posts $2.52 non-GAAP EPS; Street view is $2.37. Says it's on track to deliver 15% total company organic production growth for 2008. Raises its quarterly dividend to $0.135. Notes the indicated annual rate of $0.54 reflects a 12.5% increase from the previously stated rate.

Buffalo Wild Wings (BWLD) posts $0.31, vs. $0.22, second quarter EPS on 8.3% same-store sales rise, 29% revenue rise. Notes average weekly sales for company-owned restaurants were $40,572 for second quarter 2008 compared to year ago's $36,655. Sees 20% 2008 revenue growth, 25% net earnings growth.

Fiserv (FISV) posts $0.83, vs. $0.66, second quarter adjusted EPS from continuing operations on 2% higher internal revenue growth [notes total revenue growth was 38%]. Street was looking for $0.79 EPS. Continues to expect 2008 adjusted EPS from continuing operations of $3.28-$3.40. Street forecast is $3.33.

American Tower (AMT) posts $0.38 second quarter EPS, vs. $0.05 loss, on 9.9% revenue rise. Raise 2008 guidance, now sees $1.538-$1.552 billion 2008 rental and management segment revenue, adjusted EBITDA of $1.078-$1.097 billion.

Story Source: Business Week