Here are some highlights from this past week's earnings coverage from BloggingStocks:

• Acuity Brands Inc. (NYSE: AYI) beat second-quarter estimates on increased productivity and new products.
• Advanced Micro Devices (NYSE: AMD) cut its outlook and announced job cuts.
• Alcoa Inc. (NYSE: AA) missed first-quarter earnings estimates but beat revenue expectations.
• Circuit City Stores Inc. (NYSE: CC) surprised Wall Street by posting a second-quarter profit.
• Dell Inc.'s (NASDAQ: DELL) rosy 2008 forecast is based on cost cuts, overseas growth, share buybacks.
• DuPont & Co. (NYSE: DD) raised its first-quarter outlook on strength in agriculture and emerging markets.
• Eastman Chemical Co. (NYSE: EMN) raised its first-quarter guidance on strong sales and higher prices.
• EXFO Electro-Optical Engineering (NASDAQ: EXFO) beat estimates and announced an acquisition.
• Foundry Networks Inc. (NASDAQ: FDRY) slashed its first-quarter outlook, blaming the weak economy.
• Genentech Inc. (NYSE: DNA) beat first-quarter earnings estimates, but not revenue expectations.
• General Electric Co. (NYSE: GE) missed earnings expectations and lowered its guidance.
• Novellus Systems Inc. (NASDAQ: NVLS) trimmed its first-quarter earnings and revenue forecasts.
• Progressive Corp. (NYSE: PGR) beat estimates though first-quarter profits fell due to lower premiums.
• Rite Aid Corp. (NYSE: RAD) swung to a loss in the fourth quarter on acquisition costs and a tax charge.

Schawk, Inc. (NYSE: SGK) provides brand management services to clients in a variety of businesses. While the company just posted record operating income in FY 2007, it must also restate 2006 income, and faced flat or declining sales in numerous business segments. Income from continuing operations in 4Q 2007 was $0.24, the same as 4Q 2006. 4Q 2007 sales rose less than 1%. The company was particularly hard hit by the writers' strike in Hollywood. Its entertainment accounts unit posted an 18% drop in sales due to fewer ad pages produced.

The company kept a very tight rein on administrative expenses. The company has taken a defensive position, choosing to decrease capital expenditures and reduce interest expense while trying to develop more rigorous internal controls for recognizing revenue. CEO David Schawk remains optimistic the company will have all financial accounting weaknesses under control by the end of 2008. He remains optimistic that the company will show gains in income, sales, and profitability in 2008. The majority of Schawk's clients are in the consumer product packaging unit. Regardless of unfavorable or unstable economic conditions, those accounts will continue to require services.

The stock is currently trading under $15, and may be one patient value investors want to take a look at.