First Solar, Inc. (FSLR) shares are up $4.20, or 9.48%, to $48.70 in after-hours trading Tuesday after the company reported its second quarter earnings results.
The solar-power developer and solar-panel maker posted GAAP earnings of $0.93 per share on revenues of $896 million, up 64.6% from a year ago. Analysts were expecting EPS of $0.36 on revenues of $788.3 million. The company said its net sales, which increased $427 million from the first quarter of 2015, were due to higher systems project revenue compared to Q2’14, project cost improvements, and a discrete tax item in Q2’15 of about $42 million.
“We achieved significant financial and technological milestones this past quarter with the IPO of 8point3 Energy Partners (CAFD) and a new record module conversion efficiency of 18.6%,” CEO Jim Hughes said in a press release. “In combination with year-to-date bookings of 1.4GW and full year earnings guidance of over three dollars per share, we continue to execute across all elements of our business.”
For full fiscal-year 2015, First solar provided EPS guidance of $3.30-$3.60 versus consensus of $2.27 per share. The company also issued revenue projection of $3.5-$3.6 billion, compared to the consensus revenue estimate of $3.42 billion.
FSLR shares have fallen slightly year-to-date, while the Standard & Poor’s 500 index has climbed roughly 2%.
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AmSurg Corp. (AMSG) reported second quarter non-GAAP EPS of $0.97 after the closing bell Tuesday, compared to the consensus estimate of $0.84. Revenues increased 154.3% from last year to $707.7 million. Analysts expected revenues of $613.12 million.
Looking ahead, the company guided FY/15 revenues of $2.50-$2.52 billion, as compared to analysts’ expectations of $2.46 billion. The management also gave its bottom line range of $3.52-$3.59 per share, against projections of $3.36 per share. The stock is currently up $3.98 to $77.25 on more than 601K shares.
In the past 52 weeks, shares of Nashville, Tennessee-based company have traded between a low of $47.68 and a high of $73.83 and are now at $77.25. Shares are up 49.87% year-over-year and 33.88% since the beginning of the year.
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Trimble Navigation Limited (TRMB) dropped $2.95 to $19.90 in after-hours trading after it reported fiscal results for the second quarter.
In its quarterly report, the GPS manufacturer said it earned $0.28 per share, above the $0.27 per share analysts were expecting. Revenue fell 8.8% to $585.8 million, below views for $591.5 million. GAAP net income came in at $25.9 million, down 67% as compared to the second quarter of 2014.
For the current quarter ending in October, Trimble provided EPS guidance of $0.19-$0.26 versus consensus of $0.34 per share. The company also issued revenue Q3 projection of $535-$560 million, compared to the consensus revenue estimate of $607.72 million.
Trimble Navigation Limited shares are currently priced at 33.60x this year’s forecasted earnings compared to the industry’s 9.74x earnings multiple. In the past 52 weeks, shares of the company have traded between a low of $22.28 and a high of $34.43. TRMB is down 27.16% year-over-year and 13.90% year-to-date.
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Shares of Etsy, Inc. (ETSY) are down $2.62, or 14.21%, to $16.61 after the company released its earnings results on Tuesday, its second since going public. The online marketplace operator reported Q2’15 EPS of ($0.07) per share vs. ($0.08) consensus on $61.4 million in revenue, up 44.5% from $42.51 million a year earlier. The company said that a decline in foreign currencies against the greenback is expected to hurt Q3 sales of goods not listed in U.S. dollars even as it “plans to spend more on marketing in absolute dollars in the third quarter.”
CEO Chad Dickerson said in a press release that the company “made progress toward achieving our mission to reimagine commerce,” noting that “[a]t the end of the second quarter of 2015 our loyal and engaged community included nearly 1.5 million active sellers and 21.7 million active buyers who drove more than $1 billion in GMS during the first half of the year.”
The Brooklyn, NY-based e-commerce platform reported $4.7 million in cash from operations during the quarter, compared with $0.7 million in the second quarter of 2014. It ended the period with $268.2 million in cash.
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