Morning Buzz: First Solar (FSLR), Yahoo (YHOO), Target (TGT), Etsy, Inc. (ETSY), Apple (AAPL)

First Solar, Inc. (FSLR) shares are up $1.71 to $63.50 in pre-market trading Wednesday after the company reported its fourth quarter earnings results.

The largest U.S. solar firm posted earnings of $1.60 per share on revenues of $942 million. Analysts were expecting EPS of $0.77 on revenues of $928.98 million.

First Solar guided FY16 revenues of $3.88-$4.00 billion, as compared to analysts’ expectations of $3.77 billion. The management also gave its bottom line range of $4.00-$4.50 per share, against projections of $4.12 per share.
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Yahoo Inc. (YHOO) – Canyon Capital, a major Yahoo shareholder, urged the web portal to move quickly with the auction of its core business. Canyon Capital doesn’t think Yahoo’s management team shares its sense of urgency.

“We remain concerned that the process is not moving as quickly as it should, and that Company management does not fully support the Board’s direction in this regard,” said Canyon Capital’s letter, which was sent to Yahoo’s board of directors and CEO Marissa Mayer on Tuesday.
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Shares of Target Corp. (TGT) gained $1.21 to $75.20 in pre-market hours after the company released its earnings results. The retailer reported Q4’15 EPS of $1.52 per share vs. $1.54 consensus. Revenues came in at $21.63 billion, down 0.6% from a year ago and below views for $21.65 billion.

For the current quarter ending in May, Target expects its EPS to range between $1.15-$1.25 versus consensus of $1.19 per share.
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Shares of Etsy, Inc. (ETSY) were up $1.06 to $8.45 in pre-market trading on Wednesday after the company reported fourth-quarter earnings of $87.9 million, or ($0.04) per share. Analysts had been modeling $86.64 million and $0.00 per share.

For full fiscal-year 2016, Etsy issued revenue projection of $328-$342 million, compared to the consensus revenue estimate of $347.90 million.
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Apple (AAPL) – Digitimes reports that the sales performance for major iPhone suppliers in the iPhone 6s device supply chain is likely to stay flat in the first half of this year amid a drop in orders from Cupertino.