(By Arun - iStockAnalyst Writer) We had another dismal close yesterday with news of more failures coming up in the market. Here is a look at some of the stocks in pre-market earnings coverage so far.

AECOM Technology (NYSE: ACM) reported net income of $43.5Mn for the fourth quarter and diluted EPS from continuing operations of 40 cents for the fourth quarter. This represents an increase of 48% over net income of $29.4Mn for the same period last year and an increase of 38% over diluted earnings per share of 29 cents for the same period last year. Fourth-quarter revenue increased to $1.6Bn, 46% higher than the fourth quarter of fiscal year 2007. The PTS segment delivers planning, consulting, architecture and engineering design, and program and construction management services to institutional, commercial and government clients worldwide. The PTS segment reported an increase of 51% over revenue of $917.2Mn for the same period last year and an increase of 71% over operating income of $52.9Mn for the same period last year. AECOM announced total backlog of $8.6Bn at September 30, 2008, a 43% increase year over year and a 21% increase over the backlog balance at June 30, 2008. Based on the continued strong outlook for the business, AECOM expects diluted earnings per share results for fiscal year 2009 to be in the range of $1.60 to $1.70.

Babcock & Brown Air (NYSE: FLY) reported net income in the third quarter was $16.0Mn, compared to $11.1Mn in the second quarter. Total revenues for the third quarter were $66.3Mn, an increase of $9.1Mn on the previous quarter. The increase in revenues includes the $5.0Mn gain on the sale of one A320-200 aircraft and an increase of $4.2Mn in operating lease revenue. 'B&B Air's management and board remain committed to actively managing our portfolio and to availing of other opportunities to increase shareholder return,' added Colm Barrington, CEO of B&B Air. 'B&B Air is producing positive cash flow, has no unfunded capital commitments and has no re-financing requirements until 2012.' The company has announced a quarterly dividend of $0.50 per share.

Gushan Environmental Energy (NYSE:GU) The Company's revenues amounted to (US$66.0Mn) for the third quarter of 2008, representing an increase of 82.9% from RMB245.0Mn for the third quarter of 2007. The sales volume of biodiesel amounted to 63,632 tons for the third quarter of 2008, representing an increase of 44.8% from 43,948 tons for the third quarter of 2007. The average selling price of biodiesel was RMB6,344 (US$934.3) per ton for the third quarter of 2008, representing an increase of 40.3% from RMB4,521 per ton for the third quarter of 2007.