Beat Street: Focus Media and Pep Boys (NASDAQ: FMCN), (NYSE: PBY)

Focus Media Holding Limited (ADR) (NASDAQ:FMCN) posted a Q3 EPS of -$0.99 (ouch) but apparently it may not be comparable to consensus estimate of $0.12.  They posted those results on revenue for Q3 2009 of $167M, which is a decline of 3% from $171M for the Q2 2009 and 26% decline from $225M for the Q3 2008.  The loss of $0.99 per share Q3 2009 compares to a Q2 2009 loss of $0.18 a share.

Jason Jiang, chairman and CEO of Focus Media cited restructurings and contract terminations that resulted in $38.8M in impairment charges.  He expects that by early 2010, the actions taken by the company will bring an end to the negative impacts that have hampered the company. Investors, obviously displeased with the results, have pushed shares down in the afterhours by 69 cents to $14.00 per share (-4.70%) (more)

The Pep Boys - Manny, Moe & Jack (NYSE:PBY) posted a Q3 EPS at 0.04 which is in line with the estimates.  This posts a little better than Q3 2008 EPS of -$0.14.  Sales were up 1.8 percent, but apparently investors were not pleased when the CEO (Mike Odell) indicated that discretionary spending still remains a challenge to the company's accessories and complementary product categories and is expected to continue through the fourth quarter's holiday season.  Shares have plummeted in the afterhours to $8.72 a share, which is -$0.55 (-5.93%) from today’s close of $9.27.