It always amazes me at how many ways an earnings report can be spun based on if the company beat analyst estimates and whether the analysis includes one time charges or not.  Here at GreenStocksCentral.com I prefer to look at organic growth (exclude one time gains and costs) and since analysts typically exclude one time costs/gains in their calculations as well, it makes sense to do the same for comparison sake.  Such is the case with Capstone (CPST).

Most of the headlines after the bell today would have you believe the company misses analyst estimates by .03/share, reporting an .08/loss in the quarter.  Ah, but take into account that one time non-cash charge of $5.2 million to cover the change in value of warrants it sold to investors and you have a quarter that was right in line with analyst estimates.. a loss of .05/share.  Nonetheless, the stock is off 8% after hours on the news.  On the revenue side, the company was about in line with estimates by reporting $13.7 million ($500K short of estimates).  All in all, not a great quarter but certainly not as bad as the headlines would have you believe.