If you look at the mainstream financial headlines of the Itron (ITRI) earnings report tonight you’ll be led to believe that the company beat both on the top and bottom line by a wide margin. Unfortunately, most mainstream news outlets don’t use the non GAAP number and back out one time gains and losses. So, yes headlines can be misleading in this industry. Let’s set the record straight. Itron (ITRI) posted a solid quarter no … Read the rest
Tag Archives: earnings
Suntech Power (STP) About Matches Estimates Minus Forex Hit, But Revises Full YR Rev Guidance Down; Shares Bid Up Anyway
Not a bad earnings report out of Suntech Power (STP) last night. The company took a forex hit of about $30 million and when you take that out, the company just about matched the analyst estimate of .35/share. The company reported a .34/share gain minus the forex hit on revenues of $877 which were a bit above the estimate for $863. Gross margins hung in there at 19% which was just slightly below last quarter’s … Read the rest
Hanwha SolarOne (HSOL) Rebounding After Forecasting Solar Rebound In 2nd Half
Hanwha SolarOne (HSOL) is surging nearly 10% today, but off a nearly two year bottom. Perhaps it’s a buy the news kind of day for HSOL as traders believe the worst is over. However, the downtrend remains firmly in place for now so it’s too soon to jump in.
The company reported mixed results with an EPS of .28/share vs the analyst estimate for .29/share on revenues of $335 million which topped the analyst estimate … Read the rest
GT Solar (SOLR) Breaks To Another New Multi Year High After Beating Estimates, Raising Guidance
GT Solar (SOLR) is having a good morning but off the highs of the day after beating earnings estimates and raising guidance. The company reported an EPS of .41/share on revenues of $272 million vs the analyst estimate for .34/share on revenues of $224 million. That’s good for quarter over quarter increases of 78% and 40% respectively. Looking ahead, the company is raising guidance as well and now expects its full year EPS range at … Read the rest
Yingli Green Energy (YGE) Headed To 2010 Lows After Missing Estimates
Along with LDK Solar (LDK), it wasn’t a good day for Yingli Green Energy (YGE) on Friday as the stock plunged with heavy volume after missing earnings estimates. The stock appears headed for a test of the 2010 lows which is the case for many of the China solar stocks.
==> Click Here For Your FREE Daily Yingli Technical Analysis
The company reported an EPS of .38/share on revenues of $527 million which represents … Read the rest
Tri-Tech Holding (TRIT) Smashes Estimates, Sees Big Growth In China Water Treatment Over Next Five Years
Tri-Tech Holding (TRIT) smashed analyst estimates after the bell tonight reporting an EPS of .21/share (vs the estimate for just .13/share) on revenues of $17.5 million (vs the estimate for $9.3 million). That represents quarter over quarter EPS and revenue growth of 40% and 314% respectively. A real nice quarter out of TRIT tonight despite lower margins due to a decline in higher margin software sales and the lower margin Ordos project.
====> Click Here … Read the rest
Cereplast (CERP) Matches Estimates, Continues Expansion & Move To Profitability As Bioplastics Increase In Popularity
As expected, bioplastics extraordinaire Cereplast (CERP) reported another quarterly loss which matched analyst estimates. The company reported a loss of .12/share on revenues of $7.2 million. The quarter represented a big spike in quarterly revenues as the company expands rapidly in Europe. With plans for a new plant in Italy, the expansion should continue quickly as many municipalities move to ban petroleum based plastic bags.
====> Click Here For Your FREE Daily Cereplast Analysis
“The … Read the rest
Advanced Battery Tech (ABAT) Smashes EPS Estimates, Misses On Revenues
Advanced Battery Technologies (ABAT) posted its earnings results yesterday smashing analyst estimates on the EPS side (posting .20/share vs the estimate for .10 share) but missed on the revenue side (posting $28.6 million vs the estimate for $32.5 million. The EPS beat was despite a reduction in gross margins due to rising costs particularly in the small capacity lithium battery segment. The company expects margins to remain under a bit of pressure for the remainder … Read the rest
Nexxus Lighting (NEXS) Reports Mixed Results, But Sees Breakout Year
Nexxus Lighting (NEXS) reported results this morning that were mixed. The company matched analyst estimates on the EPS side posting a loss of .08/share but revenues fell just a bit short ($1.55 million vs estimate for $1.77 million). The company attributed the revenue shortfall on the timing of larger projects.
===> Click Here For Your FREE Nexxus Lighting Analysis
In terms of strategy, Nexxus indicated they will modify it a bit and go after larger … Read the rest
Sunpower (SPWRA) Misses Estimates, Guides Below, Blames Europe
Sunpower (SPWRA) reported earnings that missed analyst estimates. The company reported an EPS of .15/share on revenues of $451 million vs the analyst estimates for .17 in EPS and $479 in revenues. Although those numbers still represent quarter over quarter EPS and revenue growth of 200% and 30% respectively. The CEO blamed the miss on changing market conditions in Europe which is beginning to be a common theme in the latest round solar earnings reports.… Read the rest