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From Briefing.com: The rebound afterburners went into a cooling stage on Wednesday as the major indices fluttered before and after the Federal Reserve issued its new policy directive.

That directive contained a declaration that the Fed's current asset purchase program ("QE3") will end this month. That was expected.

The directive also said the target range for the federal funds rate is likely to be maintained at 0 to percent for a considerable time after the asset purchase program ends. That was what the market had hoped it would hear.

The directive noted that a range of available indicators suggests the underutilization of labor resources is gradually diminishing. That was a bit of a surprise considering the directive six weeks ago said there remains significant underutilization of labor resources and there has been only one employment report in the interim.

The headline spin was that the directive wasn't quite as dovish as desired; consequently, there was some overblown chatter that the market might need to prepare for a rate hike sooner rather than later.

What appeared to unfold in the stock market was simply a sell-the-news response. Recall that the Russell 2000 gained nearly 3.0% on Tuesday when it was thought the asset purchase program would be ending and it was hoped the "considerable time" language would be maintained.

In brief, the stock market was ripe for a period of consolidation as each of the major indices had rallied rallied more than 5% from their mid-October lows.

The S&P 500 information technology sector went along for that joy ride and even helped lead it with a 7.5% advance since October 16. On Wednesday, it declined 0.2%. Tellingly, though, it ended the day higher than where it was trading before the FOMC announcement at 2:00 p.m. ET. Rate hike fears may have gotten some air time, yet they certainly didn't get the better of the sector or the S&P 500 for that matter, which dipped just 0.1%.

Apple (AAPL 107.31, +0.57) continued its winning ways and remained a mainstay of support that limited overall losses. It didn't have nearly as much company as it did on Tuesday when all 66 sector components ended higher. Wednesday was more of a mixed outing with 30 components trading higher and 36 components trading lower.

Facebook (FB 75.88, -4.89) was the biggest laggard. It declined 6.1% after its indication that 2015 will be a significant investment year overshadowed its better than expected third quarter results.

The only stocks that were remotely close to matching its losses were F5 Networks (FFIV 117.10, -3.10) and First Solar (FSLR 56.15, -1.23). They fell 2.6% and 2.1%, respectively, on no news. Both stocks, though, were up more than 4% on Tuesday. F5 Networks was slated to report its quarterly results after the close.

On the other side of the ledger, Total System (TSS 32.52, +1.39) was the biggest gainer, adding 4.5% after reporting better than expected third quarter results.

Other sector components that saw favorable responses to their earnings reports included Electronic Arts (EA 38.87, +1.39), Western Digital (WDC 95.80, +2.72), and Automatic Data Processing (ADP 77.95, +0.69).

Hewlett-Packard (HPQ 35.38, -0.16) and IBM (IBM 163.46, -0.14), meanwhile, both failed to excite their shareholders with new announcements. Hewlett-Packard for its part unveiled new 3D printing solutions while IBM announced a partnership with Twitter (TWTR 42.08, -1.70) that will help companies using social data.

Elsewhere, TriQuint Semi (TQNT 20.18, +1.75) and Arrow Electronics (ARW 55.00, +1.21) got a nice pop after reporting their quarterly results.

Postscript: After the close, Visa (V 214.66, -2.05) reported a better than expected fiscal fourth quarter profit of $2.18 per diluted share and announced a new $5 billion share repurchase program. Additionally, Visa said it sees mid-teens EPS growth for FY15.

Shares of V were trading 4.3% higher in after-hours action.

4:12 pm Closing Market Summary: Stocks Register Slim Losses After Final Taper Announcement (:WRAPX) : The stock market ended the midweek session on a modestly lower note. The Nasdaq Composite (-0.3%) was the weakest performer while the S&P 500 shed 0.1% with seven sectors ending in the red.

The benchmark index held a slim gain at the start, but spent the day in a slow retreat that featured a brief afternoon spike to lows after the Federal Open Market Committee released its latest policy statement. As expected, the statement called for the final $15 billion taper, thus putting a stop to scheduled purchases of Treasuries and mortgage-backed securities.

Meanwhile, the commentary on rates was little changed from previous directives with the Fed maintaining its reference to keeping the fed funds rate at its current level for a 'considerable time.' Minneapolis Fed President Kocherlakota was the lone dissenter, voting to keep the asset purchase program intact.

Equities handled the initial impact of the announcement relatively well with the S&P 500 finishing about two points above its pre-FOMC levels. Treasuries, meanwhile, ended mixed. The FOMC announcement sent the complex to lows, but the 30-yr bond surged to new highs ahead of the close to pressure its yield one basis point to 3.05%. For its part, the 10-yr note reclaimed its post-FOMC losses with the benchmark yield ending higher by two basis points at 2.32%. Also of note, the 2-yr note settled near its low with its yield higher by six basis points at 0.49%.

The dollar was also on the move, rallying against all other major currencies. The Dollar Index (85.99, +0.59) gained 0.7% to end within a point of its October high (86.87).

Seven sectors finished in the red with the spike in short-term rates helping financials (+0.2%) settle in the lead. Most of the remaining cyclical groups ended behind the broader market while technology (-0.2%) finished near the S&P 500. The top-weighted sector component, Apple (AAPL 107.34, +0.60), added 0.6% while social media names lagged after Facebook (FB 75.86, -4.91) reported earnings. Shares of FB plunged 6.1% with above-consensus earnings being overshadowed by concerns about increased spending plans and slowing revenue growth. Peers Twitter (TWTR 42.08, -1.70), LinkedIn (LNKD 199.51, -5.84), and Yelp (YELP 56.68, -2.43) also lagged, falling between 2.8% and 4.1%.

Elsewhere among cyclical sectors, the materials space (-1.3%) spent the entire session at the bottom of the leaderboard while energy (-0.2%) outperformed. The growth-sensitive group received a helping hand from crude oil, which climbed 1.0% to $82.18/bbl. On the earnings front, Hess (HES 82.89, +0.94) rallied 1.2% in reaction to better than expected results.

Staying on the earnings theme, Gilead Sciences (GILD 110.75, -2.70), which is a major component of the iShares Nasdaq Biotechnology ETF (IBB 290.63, -3.32), fell 2.4% after beating estimates on below-consensus sales of one of its major drugs. Biotechnology weighed on the Nasdaq Composite while the health care sector (+0.03%) registered a slim gain.

Economic data released this morning was limited to the weekly MBA Mortgage Index, which fell 6.6% to follow last week's 11.6% spike.

Tomorrow, weekly Initial Claims (Briefing.com consensus 284,000) and the advance reading of Q3 GDP (consensus 3.0%) will both be released at 8:30 ET.


Nasdaq Composite +8.9% YTD S&P 500 +7.3% YTD Dow Jones Industrial Average +2.4% YTD Russell 2000 -1.5% YTD4:11 pm Peregrine Semi beats by $0.04, beats on revs (PSMI) :

Reports Q3 (Sep) loss of $0.04 per share, excluding non-recurring items, $0.04 better than the Capital IQ Consensus Estimate of ($0.08); revenues fell 28.2% year/year to $43.1 mln vs the $41.6 mln consensus.
In anticipation of the proposed merger with Murata, which the co currently expects to be completed by the end of 2014, Peregrine Semiconductor will not issue financial guidance for the upcoming quarter or conduct a Q4 financial results conference call.4:28 pm Atmel reports EPS in-line, revs in-line (ATML) : Reports Q3 (Sep) non-GAAP earnings of $0.12 per share, excluding non-recurring items, in-line with the Capital IQ Consensus Estimate of $0.12; revenues rose 5.1% year/year to $374.5 mln vs the $372.2 mln consensus.


Non-GAAP gross margin was 47.0% vs 45.3% in Q2 and 43.1% in the year ago period."We delivered another solid quarter of financial performance driven by revenue growth and increased gross and operating margins...Our broad microcontroller portfolio combined with our recently expanded wireless products and technologies have established Atmel as a leader in the Internet of Things marketplace."4:22 pm FormFactor beats by $0.04, beats on revs; announces CEO succession plan (FORM) : Reports Q3 (Sep) earnings of $0.16 per share, $0.04 better than the Capital IQ Consensus Estimate of $0.12; revenues rose 9.3% year/year to $73.93 mln vs the $72.44 mln consensus.


Michael Slessor, President of the Company, will succeed Thomas St. Dennis as CEO on Dec 28, 2014, the start of the Company's fiscal 2015. Mr. St. Dennis will continue to serve as Executive Chairman of the Board of Directors
4:18 pm Flextronics beats by $0.02, beats on revs; guides Q3 EPS in-line, revs in-line (FLEX) : Reports Q2 (Sep) earnings of $0.26 per share, excluding non-recurring items, $0.02 better than the Capital IQ Consensus Estimate of $0.24; revenues rose 1.9% year/year to $6.53 bln vs the $6.43 bln consensus.


Co issues in-line guidance for Q3, sees EPS of $0.24-0.28, excluding non-recurring items, vs. $0.26 Capital IQ Consensus Estimate; sees Q3 revs of $6.4-6.8 bln vs. $6.53 bln Capital IQ Consensus Estimate. Second quarter adjusted operating income increased 16% year-over-year to $183 million and was at the high end of the Company's previously provided guidance range of $165 million to $190 million.4:14 pm Intersil beats by $0.01, misses on revs; guides Q4 EPS below consensus, revs below consensus (ISIL) :

Reports Q3 (Sep) earnings of $0.19 per share, excluding non-recurring items, $0.01 better than the Capital IQ Consensus Estimate of $0.18; revenues fell 5.9% year/year to $143.6 mln vs the $150.12 mln consensus.
Co issues downside guidance for Q4, sees EPS of $0.13-0.15 vs. $0.18 Capital IQ Consensus Estimate; sees Q4 revs of $125-132 mln vs. $145.87 mln Capital IQ Consensus Estimate.4:12 pm JDS Uniphase beats by $0.04, beats on revs; guides Q2 EPS in-line, revs in-line (JDSU) : Reports Q1 (Sep) earnings of $0.14 per share, excluding non-recurring items, $0.04 better than the Capital IQ Consensus Estimate of $0.10; revenues rose 1.1% year/year to $433.6 mln vs the $416.67 mln consensus.


Co issues in-line guidance for Q2, sees EPS of $0.12-0.18, excluding non-recurring items, vs. $0.17 Capital IQ Consensus EstimateCo sees Q2 revs of $433-457 mln vs. $445.27 mln Capital IQ Consensus Estimate.For Q2 of FY15 ending December 27, 2014, the co expects non-GAAP net revenue to be $445 mln +/- $12 mln and non-GAAP EPS to be $0.15 +/- $0.03.4:11 pm Peregrine Semi beats by $0.04, beats on revs (PSMI) :

Reports Q3 (Sep) loss of $0.04 per share, excluding non-recurring items, $0.04 better than the Capital IQ Consensus Estimate of ($0.08); revenues fell 28.2% year/year to $43.1 mln vs the $41.6 mln consensus.
In anticipation of the proposed merger with Murata, which the co currently expects to be completed by the end of 2014, Peregrine Semiconductor will not issue financial guidance for the upcoming quarter or conduct a Q4 financial results conference call.4:09 pm F5 Networks beats by $0.09, reports revs in-line; guides Q1 EPS in-line, revs in-line (FFIV) : Reports Q4 (Sep) earnings of $1.57 per share, excluding non-recurring items, $0.09 better than the Capital IQ Consensus Estimate of $1.48; revenues rose 17.7% year/year to $465.3 mln vs the $460.67 mln consensus.


Co issues in-line guidance for Q1, sees EPS of $1.46-1.49, excluding non-recurring items, vs. $1.48 Capital IQ Consensus Estimate; sees Q1 revs of $460-470 mln vs. $464.83 mln Capital IQ Consensus Estimate. "During the quarter, product revenue grew 20 percent from the fourth quarter of 2013, driven by strong sequential growth of Enterprise sales in the Americas and solid year-over-year growth in EMEA and APAC."4:08 pm F5 Networks announces President and CEO John McAdam plans to retire at the end of FY2015 (FFIV) : Co announced that John McAdam, the Company's President and Chief Executive Officer, has informed the Board that he plans to retire at the end of fiscal year 2015.


Al Higginson, Chair of F5's Board of Directors, said it is the Board's current intention that following Mr. McAdam's retirement from his role as President and CEO, McAdam will remain on the Board and serve as non-executive Board Chair. Mr. McAdam will continue to work closely with the Board as part of its process for identifying his successor to ensure a smooth transition for the Company.

4:08 pm TTM Tech misses by $0.02, beats on revs; guides Q4 EPS in-line, revs in-line (TTMI) : Reports Q3 (Sep) earnings of $0.13 per share, excluding non-recurring items, $0.02 worse than the Capital IQ Consensus Estimate of $0.15; revenues rose 1.9% year/year to $345.3 mln vs the $340.1 mln consensus. Co issues in-line guidance for Q4, sees EPS of $0.22-0.28, excluding non-recurring items, vs. $0.25 Capital IQ Consensus Estimate; sees Q4 revs of $370-390 mln vs. $380.7 mln Capital IQ Consensus Estimate.

4:06 pm Veeco Instruments beats by $0.08, misses on revs; guides Q4 EPS in-line, revs in-line (VECO) : Reports Q3 (Sep) loss of $0.02 per share, -$0.08 better than the Capital IQ Consensus Estimate of ($0.10); revenues fell 6.0% year/year to $93.3 mln vs the $96.68 mln consensus. Co issues in-line guidance for Q4, sees EPS of -$0.03 to $0.09 vs. $0.02 Capital IQ Consensus Estimate; sees Q4 revs of $100-115 vs. $108.88 mln Capital IQ Consensus Estimate.
4:04 pm QuickLogic beats by $0.02, beats on revs (QUIK) : Reports Q3 (Sep) loss of $0.06 per share, excluding non-recurring items, $0.02 better than the Capital IQ Consensus Estimate of ($0.08); revenues fell 54.6% year/year to $4.12 mln vs the $4 mln consensus.


New product revenue for the third quarter of 2014 was $2.2 million, down 50% sequentially and 69% compared to the third quarter of 2013.New product revenue accounted for 54% of the total revenue in the third quarter.Mature product revenue was $1.9 million in the third quarter of 2014, down 20% sequentially and 2% from the third quarter of 2013.4:03 pm Cirrus Logic beats by $0.12, beats on revs; guides Q3 revs above consensus (CRUS) : Reports Q2 (Sep) earnings of $0.68 per share, $0.12 better than the Capital IQ Consensus Estimate of $0.56; revenues rose 10.2% year/year to $210.2 mln vs the $192.32 mln consensus. Co issues upside guidance for Q3, sees Q3 revs of $265-285 mln vs. $226.53 mln Capital IQ Consensus Estimate.

12:49 pm Notable movers of interest (:SCANX) : The following are some of today's most notable movers of interest, categorized by market capitalization (large cap over $10 billion and mid cap between $2-10 billion) and ranked by % change (all stocks over 100K average daily volume).

Large Cap Gainers

EA (38.95 +3.92%): Beat Q2 consensus estimates by $0.20, beat on revs; guided DecQ EPS above consensus, revs below consensus; guided FY15 EPS above consensus, revs above consensus; Tgt raised at Brean Capital, Needham, others.
PCG (48.85 +2.79%): Upgraded to Buy from Hold at Deutsche Bank, also upgraded to Outperform from Market Perform at Wells Fargo.
HAL (54.78 +2.85%): Favorable mention on Tuesday's Mad Money.

Large Cap Losers

ARCP (8.61 -30.41%): The company announced the conclusion of their Audit Committee in which various financial statements should no longer be relied on, CFO resigned; Downgraded at BMO & JP Morgan.
SNY (45.37 -5.62%): Board of Directors decided unanimously to remove Christopher Viehbacher as CEO of the company; Downgraded at Jefferies, Barclays, others.
VRTX (109.57 -3.94%): Reported Q3 results that beat EPS consensus by $0.06, beat on revs; Kalydeco 2014 guidance was lowered to $460M (from $470-500M) following a reimbursement agreement in Australia.

Mid Cap Gainers

CEB (70.65 +16.53%): Reported Q3 earnings of $1.05 per share, $0.19 better than the Capital IQ Consensus Estimate of $0.86; revenues of $229 mln vs the $226.9 mln consensus; issued guidance for FY14, sees EPS of $3.25-3.45 vs. $3.25 consensus; sees FY14 revs of $915-925 mln vs. $916.76 mln consensus.
NFX (33.4 +13.68%): Reported Q3 earnings of $0.52 per share, $0.01 better than the Capital IQ Consensus Estimate of $0.51; revenues rose 25.5% year/year to $610 mln vs the $585.35 mln consensus.
SWI (47.29 +11.06%): Beat Q3 EPS consensus by $0.07, beat on revs; guided Q4 EPS in-line, revs in-line; guided FY14 EPS above consensus, revs above consensus.

Mid Cap Losers

AZPN (34.66 -14.06%): Reported Q3 results that beat EPS consensus by $0.07, revs of $107.13 mln vs. the $103.09 mln consensus; Downgraded at Canaccord Genuity, Pacific Crest.
STM (6.41 -11.22%): Reported Q3 earnings of $0.13 per share, $0.08 better than the Capital IQ Consensus Estimate of $0.05; revenues missed consensus, falling 6.3% y/y to $1.89 bln vs the $1.93 bln consensus.
AFSI (47.32 -10.77%): Downgraded to Neutral at Compass Point, also heard a negative blog post was out this morning that added to the downward move.
11:59 am IBM confirms Twitter (TWTR) and IBM form global partnership to transform enterprise decisions (IBM) : Twitter (TWTR) and IBM announced a landmark partnership that will help transform how businesses and institutions understand their customers, markets and trends -- and inform every business decision. The alliance brings together Twitter data that distinctively represents the public pulse of the planet with IBM's industry-leading cloud-based analytics, customer engagement platforms, and consulting services.


Integration of Twitter data with IBM analytics services on the cloud: IBM plans to offer Twitter data as part of select cloud-based services, including IBM Watson Analytics, a new cognitive service in the palm of your hand that brings intuitive visualization and predictive capabilities to business users; and a cloud-based data refinery service that enables application developers to embed data services in applications. Entrepreneurs and software developers will also be able to integrate Twitter data into new cloud services they are building with IBM's Watson Developer Cloud or IBM Bluemix platform-as-a-service. New data-intensive capabilities for the enterprise: IBM and Twitter will deliver a set of enterprise applications to help improve business decisions across industries and professions. The first joint solution will integrate Twitter data with IBM ExperienceOne customer engagement solutions, allowing sales, marketing, and customer service professionals to map sentiment and behavior to better engage and support their customers. Specialized enterprise consulting: IBM Global Business Services professionals will have access to Twitter data to enrich consulting services for clients across business. Additionally, IBM and Twitter will collaborate to develop unique solutions for specific industries such as banking, consumer products, retail, and travel and transportation. The partnership will draw upon the skills of tens of thousands of IBM Global Business Services consultants and application professionals including consultants from the industry's only integrated Strategy and Analytics practice, and IBM Interactive Experience, the world's largest digital agency.11:55 am Stocks/ETFs that traded to new 52 week highs/lows this session - New highs (255) outpacing new lows (51) (:SCANX) : Stocks that traded to 52 week highs: AAP, AAPL, AAT, ABC, ABCB, ACCO, ACE, ADP, AEC, AGII, AKR, ALDX, ALGT, ALSN, AMED, AMGN, AMRE, AMWD, ANAC, APOG, ARC, AVA, AVIV, AWK, AWR, BCC, BCR, BEE, BEP, BFAM, BLMT, BOTJ, BPY, BR, BRKS, BSTC, BXP, CAH, CASY, CB, CCMP, CELG, CHD, CHDN, CHKP, CHRW, CHSP, CLCT, CMN, CNC, CNSL, COR, CORE, COST, CPLA, CRL, CSX, CTAS, CTB, CUBE, CUNB, CVA, CVGW, CVS, CWT, DCT, DFT, DLX, DM, DOC, DRH, DRIV, DTSI, DUK, DV, DVA, DYAX, EA, EDE, EGP, EIX, ELLI, ELS, ENSG, EPAM, EQR, ERIE, EROS, ESS, ETR, EW, EXPO, EXR, FAF, FDEF, FDS, FFG, FISV, FNHC, FORR, FRT, GD, GEO, GGP, GHC, GNCMA, GPC, GPN, GTS, HAIN, HCC, HD, HE, HI, HIG, HNH, HNI, HPP, HPY, HR, HRL, HSNI, HT, HUM, ICUI, IDA, IDXX, IMDZ, INN, IT, ITW, JAH, JBSS, JJSF, KIM, KR, KRC, LB, LEAF, LG, LHO, LMT, LOW, MAC, MAR, MCY, MDT, MGEE, MHFI, MKL, MKSI, MLI, MMM, MOG.A, MSG, MSON, MTX, MUSA, MWA, NATH, NAVI, NBCB, NKE, NNI, NOC, NP, NU, NVEC, NWHM, O, ORLY, OVAS, PAYX, PCG, PCH, PEB, PEI, PEOP, PFSW, PG, PLOW, PNW, POR, PSA, PTRY, PTSI, QLYS, RDCM, RDI, RDNT, RE, REG, RENT, REV, RGEN, RGLS, RJET, RLJ, ROL, ROP, RPT, SAFT, SAIC, SBCF, SBY, SCLN, SFST, SLG, SNA, SNCR, SONC, SPCB, SPG, SRE, SSNC, SSS, STBA, STRA, SWI, SWX, SXI, SXT, SYBT, TAX, TE, TFX, TRNX, TRV, TSO, TYL, UAM, UBSI, UGI, UHT, UIHC, UIL, UNH, UNP, USNA, USPH, VAC, VASC, VDSI, VVC, WERN, WGL, WGP, WHG, WM, WSBC, XEL, ZAGG, ZAYO, ZMH, ZUMZ

Stocks that traded to 52 week lows: ABX, ADNC, AIXG, AMCC, AMRN, ANV, ARCP, AVL, AXPW, AZPN, BAMM, BBGI, BBSI, CFRX, CHMT, CLI, COT, DCTH, DDD, DDE, DSS, DVR, ENVI, EPAX, FTEK, HMY, KEYW, MUX, MYE, NSPH, OI, OPB, P, PHMD, PME, RCAP, RCKY, RYAM, SAND, SGNL, SNY, STM, SVBL, THRX, TRCH, VALE, VGZ, VIEW, WNC, XOOM, ZX

ETFs that traded to 52 week highs: ICF, IHF, IHI, IYH, IYT, QAI, SDY, XLP, XLU, XLV

ETFs that traded to 52 week lows: GDX

STMicroelectronics (STM 6.47, -0.75): -10.4% following below-consensus revenue on better than expected earnings.


SunEdison (SUNE) announced the closing of a $130 mln USD non-recourse debt financing arrangement with CorpBanca (BCA) and BBVA (BFR).
TerraForm Power (TERP), an indirect subsidiary of SunEdison (SUNE) and owner and operator of solar power plants, intends to execute its call right on7:44 am United Micro reports Q3 EPS of NT$0.23 vs NT$0.27 Capital IQ Consensus Estimate; revs NT$35.21 bln vs NT$35.26 bln Capital IQ Consensus Estimate (UMC) :

Foundry operating margin was 8.8%. Overall capacity utilization reached 93%, led by increasing demand from communication products such as handsets and tablet devices, bringing wafer shipments to 1.462 million 8-inch equivalent wafers. Moreover, 24% of our revenue came from 40nm, while 28nm contribution rose from 1% to 3% quarter-over-quarter, demonstrating the sustained traction of UMC's leading edge geometries. 28nm yield progress for poly-SiON & gate-last, High-K Metal Gate products has continued to improve, which will drive significant production ramp during the fourth quarter.
7:40 am Tower Semicon's TowerJazz and Physical Logic announce volume production of high performance MEMS-based accelerometer for inertial navigation applications; no specific volume data was given, but milestone was reached (TSEM) : Co announced a milestone achievement for mass production of its first generation high performance MEMS-based accelerometer family (MAXL-OL-2000). MEMS accelerators are sensors which can be used in inertial navigation applications to calculate the direction and speed of moving objects such as ships, aircraft, submarines, guided missiles and spacecraft.


According to Yole D veloppement, many new applications are fueling the growth of the Inertial Measurement Unit market, which is benefiting from significant technology evolutions, such as the continuous improvement of MEMS IMUs. High-performance inertial sensors and systems is a dynamic market segment as an ever-increasing number of platforms require stabilization, guidance or navigation functions. According to a Yole report, "Gyroscopes and IMUs for Defense, Aerospace & Industrial," the IMU market is expected to reach $2.6 billion in 2015.
7:40 am AU Optronics beats by $0.33, beats on revs (AUO) : Reports Q3 (Sep) earnings of $0.76 per share, excluding non-recurring items, $0.33 better than the Capital IQ Consensus Estimate of $0.43; revenues fell 0.2% year/year to NT$106.89 bln vs the NT$105.76 bln consensus.

7:07 am Integrated Silicon misses by $0.03, reports revs in-line; guides Q1 EPS below consensus, revs in-line (ISSI) : Reports Q4 (Sep) earnings of $0.18 per share, excluding non-recurring items, $0.03 worse than the Capital IQ Consensus Estimate of $0.21; revenues rose 7.4% year/year to $84.2 mln vs the $84.02 mln consensus.


Gross margin was 35.3%, compared to 34.5% in the third fiscal quarter of 2014 and 33.1% in the fourth fiscal quarter of 2013.
Co issues guidance for Q1, sees EPS of $0.18-0.22 vs. $0.23 Capital IQ Consensus Estimate; sees Q1 revs of $80-85 mln vs. $84.89 mln Capital IQ Consensus Estimate.7:02 am JinkoSolar Holding to supply 19 MW of solar modules for a PV project in Chile (JKS) : The project is located in Chile's Atacama Desert region which has one of the highest irradiation levels in the world.


The 19 MW solar power plant will consist of 61K JinkoSolar high-efficiency PID-free modules. The project is expected to generate ~50 mln kWh of electricity annually, equivalent to the power consumption needs of about 30K local households, and reduce carbon emissions by over 30K tons annually.3:39 am STMicroelectronics beats by $0.08, misses on revs (STM) : Reports Q3 (Sep) earnings of $0.13 per share, $0.08 better than the Capital IQ Consensus Estimate of $0.05; revenues fell 6.3% year/year to $1.89 bln vs the $1.93 bln consensus.


On a sequential basis, net revenues by region of shipment increased 7.4% and 2.8% in the Americas and Greater China & South Asia, respectively. EMEA and Japan & Korea decreased by 0.9% and 6.2%, respectively.On a year-over-year basis, net revenues decreased 6.3% mainly due to the phase-out of legacy ST-Ericsson products.