Not long ago, the expectations for LED stocks were in the stratosphere, so any earnings miss sent them reeling. Not the case now. With LED stocks either basing for some time or at multi month lows, an inferior earnings report won’t hurt the stock much. Or, as is the case with Veeco today, the stock can rise. The company missed analyst estimates (on the revenue side) this quarter AND guided lower for next quarter, but … Read the rest
Tag Archives: earnings
Esco Technologies (ESE) Beats, Shares Breakout
Esco Technologies (ESE) posted strong results late last week and traders bid up the stock sending shares on a breakout ride above previous resistance. The company posted an EPS of .40/share vs the analyst estimate of .33/share on revenues of $160 million vs the analyst estimate of $154 million. It represents the 4th straight quarter of accelerating EPS and revenue growth.
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Esco isn’t quite a green … Read the rest
Codexis (CDXS) Beats Estimates, Shares Surge
Shares of Codexis (CDXS) surged on Friday after the company beat analyst estimates. The company nearly hit the breakeven point for the quarter posting a loss of .01 (vs the analyst estimate for a .05/share loss) on revenues of $29.8 million (vs the estimate for $27.3 million). That’s a big improvement over the .15/share loss they reported a year ago. Revenues jumped 23% over the year ago period. The company still expects $120 million … Read the rest
Valence Technology (VLNC) Posts Mixed Results, Shares Hold Steady
Valence Technology (VLNC) posted mixed results late last week and traders didn’t react much keeping the stock above its 50 day moving average and the bullish uptrend off the August lows intact. The company beat on the EPS side posting a loss of .01/share (vs the estimate for a .02/share loss), but the revenue number missed with the company reporting $13.8 million vs the $15 million analyst estimate. The good news is that the company … Read the rest
EMCORE (EMKR) Breaking Out After Reporting Earnings
EMCORE (EMKR), is moving up nicely today with volume after reporting earnings. I don’t see anything in the report that would lead to a surge, but traders clearly like the direction the company is headed. They reported another loss of .03/share on revenues of $52 million which was 23% higher than the year ago quarter.
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The company expects revenues in the range of $46 – … Read the rest
Zoltek (ZOLT) Finally Beats, “Wind Energy Entering New Phase Of Rapid Growth”
In the past, it was nearly a given that Zoltek (ZOLT) would miss analyst estimates while CEO Zsolt Rumy would keep saying “just wait, growth is coming”. Investors have been waiting for a long time for a return to the glory days. Perhaps those days are on the horizon… maybe. If the action in the stock over the past few months is any indication, that may be the case.
No, this wasn’t a … Read the rest
UQM Technologies (UQM) Reports Mixed Results, Still Preparing For Growth
UQM Technologies (UQM) is still a ways off from profitability, but continues to inch closer to the important achievement and may be able to get there next year. The company announced in January that it now has full production capabilities and the CEO reiterated its aggressive plans for growth and profitability when it reported earnings last night.
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"We are aggressively taking actions necessary to prepare … Read the rest
MEMC Electronic Materials (WFR) Misses, But Posts Strong Guidance
MEMC Electronic Materials (WFR) reported results tonight that were below analyst estimates, but shares are up a few percent in after hours trading. The company reported a non GAAP EPS of .25/share on revenues of $850 million which represented big growth over the year ago quarter of 933% and 138% respectively.
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"Our fourth quarter results extended MEMC’s recent trend of steady improvement, with SunEdison delivering its … Read the rest
Orion Energy (OESX) Reports Preliminary Results Ahead Of Obama Visit
Orion Energy Systems (OESX) reported preliminary financial results yesterday and the results were quite good. The company reported record revenues of $29.7 million and a GAAP EPS of .03/share. While that’s a 54% increase in revenues that EPS number was a bit below the year ago quarter when the company reported .04/share. The total backlog increased more than 50% over the year ago quarter.
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The company … Read the rest
Emcore (EMKR) Sells Off On Earnings
Emcore (EMKR) posted results this morning that weren’t all that bad, but failed to impress traders enough to keep the strong up trend intact. This is a company that is still looking to return to profitability for the first time since 2006 and it’s getting close which has been the reason the stock has doubled in the past three months. This feels like a sell the news day today with the company posting another quarterly … Read the rest