SmartHeat (HEAT) posted results after the bell and beat estimates by a bit with an EPS of .34/share vs the analyst estimate of .32/share on revenues of $51.50 million vs the estimate of $50.50 million.  While the revenue number represents a 36% jump over the year ago quarter, the EPS number was 6% shy of the year ago quarter, so not a great quarter but a beat nonetheless.

::: Click Here For Your FREE Daily … Read the rest

SmartHeat (HEAT) investors could use some good news.  They have been burned in recent months with the stock dropping from a high of $18.60 in January to below $6 last week.  The company provided some this morning, beating analyst estimates of .03/share by posting .05/share on revenues of $9.4 million.  That’s a 50% revenue bump over the year ago quarter, but the EPS is flat, so even though HEAT beat, the growth stalled out.  The … Read the rest

SmartHeat (HEAT) posted huge quarter over quarter growth this morning, but that’s compared to an unusually weak Dec 08 quarter and the company missed analyst estimates of .14/share by posting an adjusted EPS of .10/share.  Revenues came in at $26 million.  No question, it was a real good quarter from HEAT, but traders were looking for more with the stock down 12% today. 

CEO James Wang commented on the industry and economic conditions: “China’s energy … Read the rest

SmartHeat (HEAT) which makes products to increase energy efficiency is on fire today after reporting another quarter of big growth.  Earnings doubled over the year ago quarter to .36/share on revenues of $37.8 million which is an 83% increase over the year ago quarter.  Both are records for the company. 

The CEO commented on the strong quarter..

“Our third quarter financial results are the result of a favorable market environment for our industry … Read the rest