Tesla Motors (TSLA) reported earnings last night that provided a bit of fuel for skeptics, but hope remains and the company has indicated profitability is just around the corner. In the near term though, the stock is getting hit hard today and slicing through key support at the 50 day moving average this morning. Let’s see if the stock can make a comeback and close at the 50 or just above. That would be an … Read the rest
Tag Archives: earnings
Facebook (FB) Beats Estimates, Relief Rally Ensues
There has been quite a bit of negative press surrounding Facebook and its stock since the day they announced they were going public. Of course many of those concerns were valid as the company continues to find the best way to monetize its massive worldwide user base.
The stock has been hit hard in recent months, but after the bell tonight the stock is getting a healthy lift after the company beat analyst estimates by … Read the rest
Can It Get Any Worse For First Solar (FSLR)?
I’ve been traveling in Panama, so have some earnings reports to catch up on. First Solar (FSLR) reported after the bell on Tuesday and it wasn’t pretty. The company missed badly on a non GAAP basis in addition to reporting a hefty one time loss which included $125 million for faulty panels produced a few years ago. The company reported a non GAAP EPS of $1.26/share vs the analyst estimate for $1.53 on revenue of … Read the rest
Sunpower (SPWR) Posts Surprise Non GAAP Profit, Shares Soar Then Slide
Sunpower (SPWR), the big US solar power manufacturer and project developer, posted a surprising non GAAP profit after the bell last night and the stock has rocketed higher today on heavy volume. The CEO acknowledged it was a messy quarter of one time adjustments and costs, but on an adjusted basis taking out one time charges, the company posted .16/share in profit which was well ahead of analyst estimates that called for a .05/share loss. … Read the rest
Suntech Power (STP) Posts Better Than Expected Prelim Results
Suntech Power (STP) is out this morning posting preliminary results for Q4 2011 and the results are considerably better than expected. The stock soared at the open up around 20%, but has given much of that back and is currently up around 12% on heavy volume.
The company says it has exceeded previous guidance and will post revenues in the $610 – $630 million range with full year shipments above the previous guidance of 2GW … Read the rest
Tesla (TSLA) Reports Mixed Results, But Sees Strong Model X Demand
Tesla Motors (TSLA) reported earnings last night that were mixed. Quite frankly I couldn’t care about earnings with Tesla right now and I think most analysts would agree. This is still a development stage company that has yet to test the “more mainstream” electric car market. For now this is a company trading on potential and many have high hopes for both the Model S electric sedan expected to hit the streets in July as … Read the rest
Itron (ITRI) Surges After Smashing Estimates, Acquires SmartSynch
Itron (ITRI) continues its torrid run off the bottom after reporting earnings results that smashed analyst estimates. The company reported a non GAAP EPS of $1.19/share on revenues of $642 million vs the analyst estimates for .87 EPS on revenues of $547 million. That’s a sequential revenue increase of 4% sequentially and 8% quarter over quarter.
::: Click Here For Your FREE Daily Itron Analysis ::
“Our fourth quarter results produced record revenue and cash … Read the rest
MEMC Electronic Materials (WFR) Misses, Offers No Guidance, Shares Hold Steady
MEMC Electronic Materials (WFR) reported mixed results last night with a non GAAP EPS loss a bit wider than expected at .09 vs the analyst estimate for a .06/share loss, but on better than expected revenues of $772 million (down 19% over the year ago quarter). Shares were likely trading up pre-market because the non-GAAP loss wasn’t quite as severe as the company has expected about a month ago.
GT Advanced Technologies (GTAT) Beats, Guidance Remains Mostly Intact
GT Advanced Technologies (GTAT) reported good earnings results yesterday, beating analyst estimates. The company reported an EPS of .12/share on revenues of $153 million vs the expectations for .08/share on revenues of $146 million. However, it’s still well below the year ago quarter when the company posted $263 million in revenue as the solar market continues to struggle. There are some positive signs though particularly with the surge in demand in Germany which has helped … Read the rest
Zoltek (ZOLT) Reports Big Profit Surge, Shares On The Up & Up
Zoltek (ZOLT) has been one of the best green stock performers in recent months nearly doubling in price and it’s going to pop again tomorrow as the company reported a big surge in profit. The company posted a profit of .28/share on revenues of $47 million vs the analyst estimates for .05 in EPS on revenues of $46 million. That’s a huge improvement over the year ago quarter when the company posted a loss … Read the rest