True Religion ( TRLG ) Earnings Afterhours 8-06-08

True Religion ( TRLG) is up big time afterhours tonight. The company has released better then expected earnings and upped guidance.


--Record Breaking Q2 08 Net Sales of $64.2 Million, an Increase of 78.9% from $35.9 Million in Q2 07--
--Increases High-End of Net Sales Guidance by $22 Million to $247 Million from $225 Million and High-End of EPS Guidance by $0.09 to $1.65 from $1.56--
--Q2 08 Gross Profit Increased 79.6% to $36.9 Million from $20.5 Million in Q2 07--
--Q2 08 Operating Income Grew 83.0% to $15.4 Million from $8.4 Million in Q2 07--
--Q2 08 Net Income Grew 86.0% to $9.3 Million from $5.0 Million in Q2 07--
--Q2 08 Diluted EPS Reaches $0.39 vs. $0.21 in Q2 07--

TRLG will be a hot stock tomorrow 8/07/08

Ambac ( ABK ) - Elan ( ELN ) Stock Market 8-06-08

This morning we have great earnings coming out of Ambac ( ABK ). This stock is trading over $5 so far in pre market. Ambac's ( ABK ) second-quarter earnings rose sharply, helped by valuation gains on credit derivatives. The New York-based company said net income rose to $823.1 million, or $2.80 a share, from $173 million, or $1.67 a share, a year earlier.

Keep an eyes on ABK...it has resistance at the $5.60 level....if you get a close over this you could be talking about Ambac testing the $8 level in the months to come. There has been a huge buy interest in the past few weeks.

Elan ( ELN ) is up slightly this morning on an upgrade by Lehman Brothers

Check out the rest of the earnings this week at http://blackberrystocks.com