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GT Solar (SOLR) Reports Mixed Results, Shares Slump AH
GT Solar (SOLR) reported mixed earnings results after the bell today with a miss on the EPS side (reporting .06/share vs estimates of .07/share) and a beat on the revenue side (reporting $104 million vs estimates of $101.8). EPS was off 68% from the year ago period, so certainly another solar company that is struggling to get growing again. The company isn’t expected to return to year over year growth until 2011.
The company has fared better than many other solar company’s though, has no debt and is flush with a good stockpile of cash to ride out the storm. They are leaving the previous revenue and EPS guidance for the fiscal year ending April 2010 unchanged at $450 – 550 million and .45 – .60/share respectively.
Shares of SOLR are down about 5% in after hours trading.
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