A-Power Down on Q1 Miss – Zacks Tale of the Tape
Source: http://www.zacks.com/stock/news/21113/A-Power+Down+on+Q1+Miss+-+Zacks+Tale+of+the+TapePosted on Tuesday, June 16th, 2009 | In Market Commentary, Stocks to Watch
A-Power Energy Generation Systems Ltd. (APWR) announced first-quarter profit today that lagged behind analysts’ expectations.
Shares are off about 5% so far today.
A-Power earned 4 cents per share for the quarter, against the consensus of 13 cents per share. Revenue fell 3.5% to $31.2 million.
However, the company expects full-year earnings of $32 million on revenue of $320 million, compared with its April view of $29 million and $290 million respectively.
The consensus estimate for the current year declined 3 cents to 92 cents per share in the past 30 days as 1 of 3 analysts pulled back on expectations.
Next year’s estimate is currently $1.40 per share, a decrease of 5 cents over the same period.
This Zacks #4 Rank (”Sell”) company is trading on volume of 1.4 million shares, marginally ahead than its daily average of nearly 1.3 million.
“APWR” Free Stock Analysis: Buy? Sell? Hold?
Zacks Investment Research
Last 5 posts by Zacks Market Commentaries
- CNP & FPL Ink Pipeline Deal - Analyst Blog - November 20th, 2009
- Buffett Borrows for Rail Acquisition - Analyst Blog - November 20th, 2009
- Stone Energy Outdoes Estimates - Analyst Blog - November 20th, 2009
- Smucker's Beats, Raises Guidance - Analyst Blog - November 20th, 2009
- GameStop Meets Expectations - Analyst Blog - November 20th, 2009
 About Zacks Market Commentaries (http://www.zacks.com/)
Zacks Market Commentaries |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.