It’s just been raining guidance the past few days. Some companies are dropping it altogether, a few are reaffirming prior cuts, and many more are taking an axe to Q4 and 2009 estimates. Read why TI and FedEx had drastically different results after issuing profit warnings.

EpiphanyOne

N-Viro International Corp., which handles biodegradable materials and waste and converts it to biofuel, showed a financially stronger company overall in its third quarter report. Revenues and gross profits are up and operating expenses are down for the company that has facilities in 10 states east of the Mississippi and another in Louisiana.

Sharps Compliance Corp. announced record revenues for the first quarter of fiscal 2009. Revenues jumped 26%, to $4.3 million, from the same quarter last year. Sharps also reported record customer billings of $4.7 million for the quarter, a 30% increase over the same period the year before

Riverbed Technology, Inc. (RVBD), a leading provider of wide-area data services (WDS) to companies that utilize wide-area networks (WAN), reported better than expected second quarter results yesterday after the close. Revenues increased 51% year-over-year to $81.6 million vs. analysts’ estimates of $77.0 million. The bottom line swung to a loss of $869,000 vs.