Friday, July 27, 2012 11:48:39 AM
http://www.reuters.com/article/2012/07/26/power-one-results-idUSL4E8IQ8N920120726?feedType=RSS&feedName=rbssEnergyNews&rpc=43
Thu Jul 26, 2012 5:02pm EDT
* Q2 EPS $0.30 vs est $0.12
* Q2 rev $322 mln vs est $249.9 mln
* Sees Q3 sales $260-$280 mln vs est $238.9 mln
* Shares up 16 pct after market close
July 26 (Reuters) - Power-One Inc, the world's second-biggest maker of inverters for the solar power market, posted better-than-expected quarterly results on higher demand in Europe and forecast strong third-quarter sales.
The company forecast revenue of $260 million to $280 million for the third quarter. Analysts were expecting sales of $238.9 million, according to Thomson Reuters I/B/E/S.
Net income for the second quarter rose to $47 million, or 30 cents per share, compared with $31 million, or 21 cents per share, a year earlier.
Sales rose 24 percent to $322 million.
Analysts on average had expected a profit of 12 cents per share on revenue of $249.9 million.
The company's inverter shipments rose 76 percent to 1,263 megawatts in the second quarter.
Shares of the Camarillo, California-based company rose about 16 percent after the bell. They closed at $4.88 on Thursday on the Nasdaq.
If at first you don’t succeed, try, try again. Then give up. There’s no sense being a fool about it.
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM