Zacks Analyst Blog Highlights: DPL Inc, Hexcel Corp, Pozen Inc,

  Zacks Analyst Blog Highlights: DPL Inc, Hexcel Corp, Pozen Inc, LSI Corp and
  ExxonMobil Corp.

Business Wire

CHICAGO -- May 01, 2009 announces the list of stocks featured in the Analyst Blog. Every day
the Zacks Equity Research analysts discuss the latest news and events
impacting stocks and the financial markets. Stocks recently featured in the
blog include: DPL Inc. (NYSE: DPL), Hexcel Corp. (NYSE: HXL), Pozen Inc.
(NASDAQ: POZN), LSI Corp. (NYSE: LSI) and ExxonMobil Corp. (NYSE: XOM).

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Here are highlights from Thursday’s Analyst Blog:

DPL Making Strategic Shift

DPL Inc. (NYSE: DPL) reported its financial results for its 1st quarter of
fiscal 2009. DPL reported 1st quarter 2009 earnings of $0.61 per share,
compared to $0.66 per share for the same period in 2008. Total diluted shares
outstanding were 112.7 million for the first quarter of 2009 and 116.4 million
for the same period in 2008.

In the reported quarter, revenues decreased $1.1 million to $415.0 million
compared to $416.1 million in the year-ago quarter. This decrease was
primarily the result of lower retail and wholesale sales volumes and lower
average wholesale rates, partially offset by higher average retail rates and
higher RTO capacity revenues.

Hexcel Conditions Improving

Hexcel Corp. (NYSE: HXL) announced that Q1-09 Sales declined by 10.8% to
$307.3 million (on a constant dollar basis, sales decreased by only 5.5%);
even with this revenue drop, EPS were still flat at 24¢ -- pretty darn good,
considering what some other Aerospace/Defense suppliers have recently

The most significant Sales decline occurred in the Commercial Aerospace
sector, which was off by 19.9% to $153.8 million, followed by Industrial,
which dropped by 1.3% to $77.3 million; Space & Defense, on the other hand,
rose by 2.6% to $76.2 million.

Pozen Fundamentals Look Strong

Pozen Inc. (NASDAQ: POZN) reported financial results for the first quarter
2009 on April 30, 2009. Total revenues for the first quarter were $8.8
million, an increase of 12% from the first quarter in 2008 and slightly ahead
of our forecasts. Revenues consisted of $4.1 million in licensing revenue and
$4.7 of development revenues. Included in this figures is approximately $1.0
million in royalty on sales of Treximet $20.3 million.

Net loss for the quarter totaled $3.5 million, or $0.12 per share, slightly
worse than our $2.8 million forecast. Operating expenses were slightly higher
than expected during the quarter. Management is incurring legal fees
associated with the patent litigation lawsuit against Par for the paragraph IV
challenge to Treximet. Management exited the first quarter 2009 with $52.3
million in cash and investment.

LSI Q2 Likely in the Red

LSI Corp. (NYSE: LSI, Hold) reported its fiscal Q1 results yesterday. Q1
revenue of $482.3 million came in towards the higher end of guidance ($440 -
$500 million) and topped our and consensus estimate of $474 million and $469
million, respectively. Revenues were driven largely by an upside in the
semiconductor business, with weak systems business being the mitigating
factor. Non-GAAP net loss came in at $(0.03), versus our estimate of $(0.04).

The company guided Q2 revenue of $470 - $530 million and non-GAAP EPS in the
range of $0.01 to $(0.06). This compares with our estimate of $479 million in
revenues and non-GAAP EPS of $(0.03). LSI achieved reduction in operating
expense in the quarter at $214 million, down from $232 million in the prior
quarter. Q2 opex is expected to remain at the current levels and expects opex
of $213-$223 million in Q2.

Exxon Earnings Miss Modestly

ExxonMobil Corp.'s (NYSE: XOM) first-quarter 2009 earnings came in modestly
below expectations, but the company raised its quarterly dividend and
maintained its share buyback rate of the last few quarters. With a cash
balance of around $25 billion and a pristine credit profile, Exxon remains
better positioned than any other company in the world to navigate the current

Exxon raised its quarterly dividend by $0.02 per share to annualized run rate
of $1.68 per share, the 27th consecutive year that it has raised its dividend.
The company remained active on the share buyback front as well, maintaining
its quarterly repurchase average of around $7 billion. The company guided
towards a buyback rate of $5 billion for the second quarter and refused to
give any color on this vital front going forward. While dividends and capital
expenditures are not expected to drop in response to the weak macro backdrop,
the pace of buybacks will have to slow down in the coming quarters, in our

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