Solarfun (SOLF) reported an EPS before one time provision adjustments of .16/share which represents a decline in growth over the year ago quarter for the first time in a few years but did beat low analyst expectations of .14/share. Quarterly revenue came in at $187.8 million, good for an 88% increase over the year ago quarter but a bit below analyst estimates of 195 million. The company sees Q4 shipments to be at or slightly … Read the rest
Tag Archives: earnings
A-Power Energy (APWR) Misses But Bouncing AH; Comments On China Power Outages & Wind Turbine Biz
Despite missing the Street’s view, A-Power Energy (APWR) is moving higher after hours. That’s the kind of action that needs to be seen to mark a bottom in these green stocks. It’s an indication that finally the doom and gloom has been fully priced in. The company reported an EPS of .28/share, .04 lower than analyst estimates on revenues of 85.4 million which was also lower than what analysts were expecting. APWR still expects 08 … Read the rest
Trina Solar (TSL) Plunges Further After Beating But Cutting Forecasts
Trina Solar (TSL) is down nearly 10% in premarket trading after beating estimates for both EPS and revenues for the quarter but guiding below for Q4 and full year 08. The company reported an EPS of 1.17, good for a 318% increase over the year ago quarter and topping estimates by .07 on revenues of 290.7 million (beating estimates by about a million).
However, it’s always about guidance and it wasn’t good. The company cut … Read the rest
ReneSola (SOL) Shares Plunge Premarket After Beating Estimates But Issuing Weak Revs Outlook; COO Resignation
Shares of ReneSola (SOL) are off nearly 15% in premarket trading after the company reported an EPS for the 3rd quarter of .46/share, which topped estimates of .36/share but the company sees FY08 revs of $640 to 670 vs estimates of $698. In addition, the COO resigned effective Nov 1 to pursue other interests.
“Looking ahead, we are confident the current challenges in the industry are temporary and that the mid- to long-term prospects remain … Read the rest
Clean Energy Fuels (CLNE) Beats EPS Estimates But Loss Widens
Shares of Clean Energy Fuels (CLNE) are giving back about 8% of today’s 25% surge after hours after reporting mixed results. Revenues missed expectations by one million at 35.3 million for the quarter, good for a 21% increase over the year ago quarter. EPS, excluding one time stock compensation charges came in at a loss of .18/share, a bit better than the .22 loss analysts had expected. That compares to a flat non GAAP EPS … Read the rest
Applied Materials (AMAT) Beats But Outlook Weak, Job Cuts Coming
Applied Materials (AMAT) announced a profit drop of 47% over the year ago quarter after the bell today, but it was enough to beat analyst expectations of .14/share as the company posted .18/share. Revenue was also weak, dropping 14% from the year ago quarter but it too beat analyst estimates. However, the stock dropped a bit after hours on news that the company is guiding lower for Q1 and sees EPS at flat to .04/share … Read the rest
Pacific Ethanol (PEIX) Reports Big Losses On Corn Costs
Pacific Ethanol (PEIX) reported losses that were much worse than expected this morning as the ethanol companies continue to get hammered on plummeting gasoline prices.
Excluding a charge related to asset impairments, the company reported a loss of .51/share while analysts had expected a loss of .15/share. Sales did increase 56% in the quarter but the cost of corn has risen much faster than the price of ethanol sending margins into the red.
“We saw … Read the rest
Energy Conversion Devices (ENER) Beats On Earnings
Energy Conversion Devices (ENER) reported a strong quarter this morning, beating analyst EPS estimates by .03/share on on revenues of 95.8 million, more than double from the year ago quarter. Analyst had expected revenues to be just a touch higher at 95.9 million.
The company sees 2Q revenues of 100 – 108 million, compared to estimates of 103.6 and for fiscal 09 sees revenue of 455 – 485 million compared to analyst estimates of … Read the rest
Another Big Quarter for GT Solar (SOLR), Beats by 5 Cents
GT Solar (SOLR) reported great results again after the bell today, beating analyst EPS estimates by 5 cents a share, reporting .19/share (good for a 110% increase over the year ago quarter). Revenues came in much better than expectations as well at 140.2 million, good for an 84% increase over the year ago quarter. 2008 is expected to be the first profitable year in company history and 2009 is expected to be even better with … Read the rest
Real Goods Solar (RSOL) Reports Another Loss On Increasing Revenue
Real Goods Solar (SOLR) reported another quarterly loss after the bell today of .01/share, the same as the year ago quarter but on a 141% jump in revenue over the year ago quarter due to organic growth and acquisitions
“We are pleased with the sales growth and operating results we achieved in the third quarter. Despite a very soft economic environment and uncertainties surrounding the extension of the Federal Investment Tax Credit, which we were … Read the rest