Advanced Battery Tech Smashes Earnings Estimates, Misses on Revenues

Wed, 05/18/2011 - 10:07 EDT - Seeking Alpha

Tate Dwinnell submits: Advanced Battery Technologies (ABAT) posted its earnings results yesterday smashing analyst estimates on the EPS side (posting .20/share vs the estimate for .10 share) but missed on the revenue side (posting $28.6 million vs the estimate for $32.5 million. The EPS beat was despite a reduction in gross margins due to rising costs particularly in the small capacity lithium battery segment. The company expects margins to remain under a bit of pressure for the remainder of the year.Here are some highlights of comments made by CEO Zhiguo Fu:- still had over $110 million in working capital despite purchasing Shenzhen and the industrial park in Dongguan - solid backlog, expects positive results in coming months - noted the assault by short sellers and strike suits:
The strong financial results achieved in the first quarter are particularly heartening, as our Company is currently under assault from short-sellers and strike suits.Complete Story »

Original article
Login or register to post comments

Clean Energy Fuels Posts Mixed Results, Shares Remain Bullish
Tate Dwinnell submits: Clean Energy Fuels (CLNE) posted its earnings results after the bell yesterday that were mixed.
Advanced Battery Technologies: Better Entry Point Coming?
Tate Dwinnell submits: We now know specifically why Advanced Battery Technologies (ABAT) wanted to raise $30 million, which sent the stock reeling in the short term.
Canadian Solar Misses Badly, Shares Sink
By Tate Dwinnell: The headlines for Canadian Solar’s (CSIQ) earnings report today focused on the big quarter over quarter growth, but the real story today was the fact the company missed analyst estimates by a wide margin on the EPS side, posting .16/share vs the estimate for .28/share.
A123 Systems Reports Record Revenue, But Misses Amid Wider Loss
By Tate Dwinnell: The big losses for A123 Systems (AONE) continues with no end in sight and that is never more apparent after the earnings report this quarter in which the company reported record revenues, but another steep loss to go with it.
Trina Solar Smashes Estimates, Sees Strong 2011
Tate Dwinnell submits: Trina Solar (TSL) smashed analyst estimates and reported another quarter of strong quarter over quarter growth, but shares are trading down after being up initially. The company reported an EPS of $1.52 on revenues of $642 million vs.
MEMC Electronic Materials Could Test All Time Lows After Missing On EPS
By Tate Dwinnell: Solar stocks got a jolt of buy interest last week, but have been giving some of that back. That continued Thursday after US solar manufacturer and developer MEMC Electronic Materials (WFR) reported results that were below analyst estimates. The company reported an EPS of .03/share vs the expectation of .10/share.
LSI Industries Breaks Out After Beating EPS Estimates
Tate Dwinnell submits: Shares of LSI Industries (LYTS) are breaking out of a downtrend today after the company beat analyst estimates on the EPS side while missing the revenue estimate.
Advanced Battery Technologies: Wide Discrepancies in Chinese Filings Raise Further Questions
The Skeptical Investor submits: Advanced Battery Technologies (ABAT) is one of the latest Chinese reverse merger listing companies to be questioned about its US filings.
Earnings Scorecard: Regis Corp.
Zacks.com submits: Regis Corp. (RGS), which owns, operates and franchises hair and retail product salons worldwide, posted fourth quarter and fiscal 2010 results on August 26, 2010. The company’s adjusted earnings for fourth quarter missed the Zacks Consensus Estimate, but reported profit as compared with a loss in the prior-year quarter. Results reflect the benefits of cost-containment measures and improved gross margin.
Hoku's Drop in Share Price Is Not Surprising
Tate Dwinnell submits: Hoku Scientific (HOKU) reported earnings results after the bell and traders aren’t impressed.

Main menu

Secondary menu

Advanced Battery Tech Smashes Earnings Estimates, Misses on Revenues

Related

Latest

User login

Our Blog

Markets Map

Follow Us

Secondary menu