Tag Archives: earnings

American Superconductor (AMSC) Smashes Estimates, Issues Strong Guidance

More good news on AMSC.  I reported last night that they have increased the size of their contract with Sinovel.  This morning, American Superconductor (AMSC) reported another very strong quarter, smashing estimates on both EPS and revenue.  The company posted .12/share on the EPS side vs the expectations for a flat quarter on revenues of $73 million (83% increase over year ago quarter), better than $12 million ahead of the estimate.  It’s also increasing … Read the rest

Itron (ITRI) Beats Lowered Expectations, Up AH

As I mentioned on Twitter today, I decided to take a shot at an Itron (ITRI) entry ahead of earnings after the bell today.  Why? Last quarter, they missed badly and the stock gapped down.  When you get a situation like that, analysts greatly lower expectations and the bad news gets built into the stock, setting up a greater likelihood of a relief rally on the next earnings report.  Even if the company misses, … Read the rest

Borg Warner (BWA) Misses Badly With Another Quarterly Loss, Shares Plunging

Borg Warner (BWA) is selling off with heavy volume after the company reported earnings that missed analyst estimates by a wide margin.  The company reported a non GAAP loss of .05/share vs the expectations for a .07/share profit.  Sales also came in much lighter than expected at $916 million vs expectations of $970 million.

The CEO commented that restructuring initiatives from last year are helping the company and that the company generated positive cash flow … Read the rest

Trex (TWP) Blows It Out On EPS, But Issues Soft Guidance

Trex (TWP) reported a strong quarter, posting an EPS of .49 vs the analyst estimate of .20, good for an 81% bump over the year ago quarter.  Revenues came in about 8% higher than expectations at 91.5 million but were off a bit from the year ago quarter.  As we’ve seen with so many companies this quarter, they’re beating handily on the EPS side through cost cutting but the revenue growth is still quite soft. … Read the rest

Rubicon Technology (RBCN) Beats Expectations, But Still Seeing Red

Rubicon Technology (RBCN), which makes components for LED’s, swung to a loss in the 2nd quarter vs a profit in the year ago quarter of .12/share.  While the company did beat expectations for revenue and EPS by reporting an EPS loss of .15 and revenues of $3.2 million, this is a company that continues to struggle after showing some promise last year.  You certainly wouldn’t know it by its stock price!  I suppose on the … Read the rest

FPL Group (FPL) Reports Mixed Results; Strength In Clean Energy Division

FPL Group (FPL) which is the largest producer of solar and wind power in the US reported solid earnings this morning, driven by strength in its NextEra Energy Resources business (profits up 30%).

“Our earnings for the quarter were solid overall, with lower year-over-year earnings at Florida Power & Light Company more than offset by the performance of NextEra Energy Resources. While the Florida economy is quite challenging, we are delivering exceptional value to FPL … Read the rest

EnerNoc (ENOC) Surges AH After Earnings Beat; Rapidly Moving Towards Profitability

EnerNoc (ENOC) is emerging as a demand response leader and is well on its way to becoming the first to profitability (ahead of rivals Comverge and Echelon).  The company blew away EPS estimates again this quarter, reporting a non GAAP loss of .12/share vs expectations of a .33 loss.  Revenues were better than expectations as well, coming in at $42 million vs the expectation of $39 million. 

Helping to push the stock higher after hours … Read the rest

LDK Solar (LDK) Guides Above Prior Range, But Still Expects Large Q2 Loss

LDK Solar (LDK) is out with an update tonight on results of the 2nd quarter.  The company sees Q2 revenues in the range of $225 – 235 million which is about inline with the analyst estimates and slightly above its previous estimated range.  However, the company expects to post a sizable loss of $180 – 200 million in the quarter mainly due to inventory write downs of $150 – 160 million.  They are estimating shipments … Read the rest

MEMC Electronics (WFR) Earnings Plunge 96% But Beats Estimates

MEMC Electronics beat analyst estimates after the bell today reporting an EPS of .03 (estimates called for break even) on revenues of $283 million (estimates called for $231 million), but the stock is off after hours.  This is another situation where analysts came in with very low expectations, so beating doesn’t necessarily mean the company is in great shape. 

MEMC’s profits plunged 96% compared to the year ago quarter, while revenues plunged 47%, so not … Read the rest

SunPower (SPWRA) Smashes Estimates, Up 20% AH

SunPower (SPWRA) has long lagged its solar competitors in stock performance this year and remains submerged below the 50 and 200 day moving averages.  Tomorrow, the tide may turn.  SunPower just smashed analyst earnings estimates after the bell by reporting an an EPS number of .24/share, beating estimates by .10.  Revenues also came in higher than expectations at 298 million.  The stock is responding well after hours, soaring about 20%.

Let’s keep it in perspective … Read the rest