Satcon Technology (SATC) has issued preliminary 3rd quarter results this morning and expects revenues to be much better than expected, but doesn’t see that translating into a profit. The company now sees revenues in the range of $56 – $58 million vs the analyst consensus estimate of $45.6 million, but on the EPS side the company a 2-3 cent share loss vs the estimate of a one cent share loss. They are raising revenue guidance … Read the rest
Tag Archives: earnings
Valence Technology (VLNC) Raises Guidance, Shares Surging Another 10%
It’s been a great ride for Valence Technology (VLNC) in recent weeks. The stock began to show signs it was turning the corner in early September when I highlighted it in a video and it’s up about 40% since. This morning, the stock is going to run at least another 10% on news the company has raised guidance for this quarter and now sees revenues at $12 million vs the previous guidance of $8 – … Read the rest
EMCORE (EMKR) Announces Unaudited Q3 Results, Shares Surge
EMCORE (EMKR) has finally announced its unaudited financial results for its third quarter after filing a delay with the SEC in August because the company needed more time to review its accounting for inventory write-downs.
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During the 3rd quarter, the company determined that about $2.5 million of excess and obsolete inventory should have been recorded in the quarter ending Sept 30th 2009. There were other … Read the rest
China Wind Systems (CWS) Updates Guidance, Sees FY10 EPS Well Ahead Of Estimates, Revenues Inline
According to Fly On the Wall, China Wind Systems (CWS) has updated guidance and sees FY10 EPS in the range of 62 – 65c vs the estimate from one analyst of 42c. They see revenues about inline with the estimate of $80 million at $76.5 – $85 million.
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Shares of CWS are not moving on the update, but do look increasingly bullish … Read the rest
Canadian Solar (CSIQ) Earnings Better Than Headline Number
Canadian Solar (CSIQ) reported results before the bell this morning and the results were much better than expected when you take out one time losses due to forex losses and internal audits. On a non GAAP basis, the company reported an EPS of .40/share on revenues of $328.7 million. That’s significantly ahead of the analyst estimates of an EPS at .15 and revenue at $306 million. The results were much better than the headlines would … Read the rest
Auriga: Sees Mixed Messages From Canadian Solar (CSIQ) Earnings, Maintains Hold
Auriga issued a research report this morning on Canadian Solar (CSIQ) heading into its earnings report tomorrow. While the firm has an upside bias, it doesn’t have enough conviction either way to make a definitive call so maintains its Hold rating with a $13 price target. Cmon Mark, go out on a limb! 🙂
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They see CSIQ missing Q2 EPS estimates with shipments coming … Read the rest
Energy Conversion Devices (ENER) Losses Continue, But Beats Estimates; Guides Below
Energy Conversion Devices (ENER) reported results this morning that were better than analyst expectations, but the company remains deep in the red. The company reported a non GAAP EPS of .32 which excludes one time costs which compares to the analyst estimate of a .60/share loss. Revenues beat as well coming in at $86.2 million vs the estimate of $72 million. While that’s a 40% increase in revenue quarter over quarter, it’s a much steeper … Read the rest
A-Power Energy (APWR) Misses With Zero Wind Turbine Biz, But Reiterates 2010 Outlook
A-Power Energy (APWR) reported Q2 results this morning and missed analyst estimates for both EPS and revenue. The company reported a non GAAP EPS of just $0.02 versus the analyst estimate of $0.14 on revenue of $74.8 million, vs the estimate of $94.22 million. While that’s good for an increase in revenue of 31% over the year ago quarter, EPS fell 85%.
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On the bright … Read the rest
Trina Solar (TSL) Beats, Raises Guidance, But Shares Pressured
Trina Solar (TSL) beat earnings estimates this morning reporting a Q2 EPS of $0.52, 3 cents better than the analyst estimate of $0.49 on revenue of $370.8 million, vs the estimate of $336.8 million. While the numbers beat estimates, the sequential and quarter over quarter growth isn’t impressive. The EPS number is well below last quarter’s .87 and about flat over the year ago quarter EPS of .50 despite revenue more than doubling over that … Read the rest
Canadian Solar (CSIQ) Reported Mixed Results; Accounting Investigation Complete
I’ve been on vacation for a few days so didn’t get this out Thursday night, but Canadian Solar (CSIQ) reported mixed Q1 results. The company posted a non GAAP EPS of $0.03, 4 cents lower than the analyst estimate of $0.07 on revenue of $336.9 million, vs estimate of $330.97 million. Those numbers are big increase over the year ago quarter of -.13 on the EPS side and just $49.5 in revenue. Shipments came in … Read the rest