Expectations were low going into Sunpower (SPWRA) earnings after the bell today and traders got about what they expected. The company reported mixed results missing on the EPS side reporting a bit wider loss of .19/share vs expectations for a loss of .18/share on revenues of $592 million, vs the expectation for $583 million. Despite a 54% jump in revenues over the year ago quarter, the company reported a healthy loss. CEO Tom Werner blamed … Read the rest
Tag Archives: earnings
Cree Inc (CREE) Beats Estimates, But Guidance A Bit Soft
There are going to be some remarkable entries at some point for some green stock leaders such as LED king Cree Inc (CREE), but it’s likely still a bit too soon to consider larger positions. Part of the reason for that is due to the amount of technical damage to work through as well as the cautiously optimistic earnings comments I’m seeing in companies that have reported so far. Quite a few companies are edging … Read the rest
Profits Remain Elusive For Powersecure (POWR) As Stock Sinks To New Lows
PowerSecure International (POWR) continues to have a rough go of it, dropping another 10% today after the company missed analyst estimates on the EPS side. Considering analysts were expecting a profit of .04, so it’s no wonder the stock continues to drop further below key support of the $6 level. The company posted decent revenue, but a dip in margins eroded the EPS.
Here are some highlights of comments made by CEO Sidney Hinton.
– … Read the rest
Tesla Motors (TSLA) Hit On Wider Loss & Technically Broken, But Reasons For Optimism Remain; Bigger Toyota Deal Coming?
Not sure how I missed this report last night, but Tesla Motors (TSLA) reported its earnings with a wider loss than expected. Analysts were predicting a big loss from Tesla as the company continues to pour big bucks into R&D ahead of the launch of the Model S next year, but the company reported a bit wider loss of .53/share vs the estimate for .51/share. This despite a big bump in revenues to $58 million … Read the rest
STR Holdings (STRI) Reports About Inline, But Guides Way Below
Another tough day for STR Holdings (STRI) with a big gap down to approach all time lows after the company reported results that were about inline, but guided way below analyst estimates for this quarter and the full year. The company reported an EPS of .30/share on revenues of $102 million vs the analyst estimate of .31/share on revenues of $98 million. As is the case with all solar companies, the CEO is blaming … Read the rest
Emcore (EMKR) Posts Wider Loss, Shares Plunge 25%
EMCORE Corporation (EMKR) posted a wider loss than expected last night and traders are punishing the stock, sending it plunging down 25% through support of the 200 day moving average. While revenues were about inline with analyst estimates at $50 million, the EPS number was deeper in the red than what analysts expected. EMKR posted a loss of .12/share vs the estimate for a loss of .04. With revenues stagnating and the EPS losses increasing … Read the rest
GT Solar (SOLR) Continues To Post Impressive Growth, Reiterates Guidance
GT Solar (SOLR) is reporting another very impressive quarter of growth and has beat analyst estimates in the process. The company has reported an EPS of .41/share vs the analyst estimate for .31/share on revenues of $231 million vs the analyst estimate for $226 million. That’s good for quarter over quarter EPS and revenue growth of 273% and 71% respectively. The company is also reporting a record backlog of over $2 billion.
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MEMC Electronic Materials (WFR) Beats, But Lowers Guidance
MEMC Electronic Materials (WFR) beat estimates after the bell today and shares initially surged about 5% on the news, but have since given back much of the gain likely due to soft guidance. The company reported a non GAAP EPS of .29/share on revenues of $779 million vs the analyst estimate for .08/share on revenue of $700 million.
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CEO Ahmad Chatila commented: "Our second quarter results … Read the rest
Power One (PWER) Reports Mixed Results, Soft Q3 Guidance, But Shares Positive
Power-One (PWER) is reporting decent quarter over quarter growth both on the EPS and revenue side this morning, but the company missed analyst EPS estimates posting .21/share vs the analyst estimate of .22/share. They did beat on the revenue side posting $260 million vs the expectation for $254 million. All in all, not a bad quarter and it appears to be enough for traders to do some bargain shopping in shares of PWER this morning. … Read the rest
Maxwell Technologies (MXWL) Beats, Shares Soar; Remains A Top Green Stocks Pick
Maxwell Technologies (MXWL) is having a great day today with a more than 15% surge after the company beat analyst estimates, posting robust quarter over quarter growth in the process. The company reported an EPS of .06 on revenues of $38.5 million vs the analyst estimate for .01 in EPS on revenue of $37 million. The company continues to experience rapid growth and that continued with quarter over quarter EPS and revenue growth of … Read the rest