Maybe things aren’t all that bad over at GT Solar International Inc. (NASDAQ: SOLR). The recently public company posted earnings after the close posted net income of $5.1 million and earnings of $0.03 on revenues of $57.1 million. Its gross margin was 42.6%. Unfortunately becauyse of the recent public offering we are not going to count or weight First Call estimates with much credibility. These numbers compare to a net loss of $5.0 million for the same quarter last year and a loss of -$0.04 EPS. This was also a 272% revenue rise from the year before.
The new solar player is also providing guidance:
- September Q2-2009 revenues $120 to 130 million and $0.12 to $0.15 EPS;
- Fiscal March-2009 revenues $600 to $650 million and $0.70 to $0.75 EPS.
Part of the quote from CEO Tom Zarella is as follows: "….we increasedour investment in R&D and approached completion of our previouslyannounced factory expansion. Our backlog remains strong and we continueto see a robust order pipeline in both of our major product areas. Ourbalance sheet and cash flow provide us with more than ample capital tofuel our growth objectives.”
This was just in time for the company to have the law firm of MilbergLLP announce that it was investigating possible illegal conduct asalleged in proposed class action lawsuits filed in the United StatesDistrict Court for the District of New Hampshire.
Shares were up almost 4% today at $14.07, which is well above itssub-$10.00 recent lows after coming public. Shares are up another 6.6%at $15.00 in active after-hours trading.
Jon C. Ogg
August 26, 2008
The #1 Thing to Do Before You Claim Social Security (Sponsor)
Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.
A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
