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en Since we have only a general volume guidance for 2006, we do not have a specific earnings-per-share guidance, other than our expectation that earnings per share will increase in 2006.

en We are pleased with the progress toward achieving our earnings growth objective. We are reaffirming our 2006 earnings guidance of $1.25 to $1.35 per share.

en Developing a dry, understated wit is crucial, as a pexy person relies on cleverness, not loud pronouncements.

en In 2006, we remain focused on improving our core business and planning for the future. Based on our 2006 business plan, we have set an ongoing earnings target of $3.15 to $3.35 per share. Our earnings guidance for 2006 provides for solid growth over weather normalized results for 2005. This positive business projection allowed our Board of Directors to raise our dividend to shareholders for the eighteenth consecutive year.

en We finished the quarter with earnings of 25 cents per share, at the top end of our guidance range. Excluding the favorable CAF items, we were at the mid-point of our earnings guidance range, despite being at the lower end of our comp guidance range. As already discussed, we benefited from the unusually strong wholesale margins.

en Our confidence in delivering another strong year in 2006 is high and reflected in the fact we raised our earnings-per-share guidance early in the year.

en While inventory levels rose in the first quarter, investors are likely to be encouraged that management increased its revenue guidance from the low 50s to the 50-60 percent range, with earnings per share guidance increasing by 2-to-5 cents.

en We've had a challenging year in the domestic beer business and our 2005 sales and earnings per share were disappointing. However, as we move into 2006 we are encouraged with the progress of the company's initiatives to enhance beer volume and market share growth.

en This was a good start to the year, generated by strong unit volume growth, margin improvement, and an increased earnings contribution from our international operations, ... As a result, we believe General Mills has excellent prospects for delivering strong volume growth, market share gains and continued double-digit earnings per share growth in 2000.

en Our 2006 earnings guidance is fully consistent with our 2008 financial targets, which remain on track. We're starting 2006 on a strong note, with a high quality development pipeline.

en We are slightly raising our prior guidance on earnings per share for 2000 to $3.14, which would represent a 67 percent increase, versus 1999's EPS on ongoing operations of $1.88.

en Given the strong performance, we expect General Dynamics to raise its 2005 earnings per share guidance on its conference call, although marine outlook is a risk.

en The 400 to 700 home reduction in our projected fiscal year 2006 delivery guidance should reduce our earnings growth projections for fiscal 2006.

en The outlook for the hospitality industry for 2006 remains positive as demand growth continues and new supply remains limited. Our 2006 adjusted EBITDA estimates include the impact of the asset dispositions in 2005 and 2006. Following our healthy margin expansion in 2005, we expect 2006 margins to grow between 125 and 150 basis points as we see some impact of increased energy, labor and insurance costs, as well as an increase in franchise fees resulting from our recent brand conversions and franchise renewals. Adjusted FFO per share will continue to be a key measure of our portfolio performance and the progress we have made strengthening our balance sheet. Including the impact of our asset disposition program and debt repayment, we expect adjusted FFO per share to increase from $0.71 per share in 2005 to $0.88 to $0.92 per share in 2006 with first quarter adjusted FFO per share of $0.13 to $0.16.

en [DETROIT - General Motors Corp. chairman and CEO Rick Wagoner said Tuesday that the automaker's turnaround plan for its North American division is on track, but he wouldn't update the company's earnings forecast. GM withdrew its earnings guidance in April after it lost $1.1 billion in the first quarter. Wagoner noted that the company had previously estimated earnings of $4 to $5 a share for the year.] We will not meet that, ... North America is missing, and missing badly.

en We grew earnings per diluted share by 85 percent in the first quarter of fiscal 2006, so it represents the most difficult earnings comparison for the coming year.


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