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U.S. Strong Earnings Beats Recap, July 29, 2010

Below is a recap of some latest U.S. company strong earnings beats compared to estimates and prior period, with links to their commentaries. Note: This list may be updated throughout the day, up to and including the guidance comments!


Strong Earnings Beats for Some U.S. Companies

Advanced Energy Ind Inc (AEIS) - Research

Advanced Energy  Reported a strong 2010 second quarter on July 21, 2010:



  • Sales rose 213.8% to $100.11 million.

  • EPS was $0.26 per diluted share, compared to $0.11 per diluted share in the first quarter of 2010. In the same period a year ago, net loss was $0.38 per share.

Comments were very bullish and indicate that strength in AEIS's business will continue:


“We had an outstanding second quarter, with $154 million in bookings and $115 million in revenue, including PV Powered and the flow business.

A T Cross A (ATX) - Comments & Business Outlook

A.T. Cross Company Delivers Excellent Second Quarter Performance



  • Sales Grow 11.9%
  • EPS of $0.20 vs. $0.04 in 2009
  • EPS Guidance Increased from $0.34 to $0.45
  • Company Repurchases 1.25 Million Shares, or 9% of Outstanding Shares for $5.0 Million
  • Company Establishes New $40 Million Credit Facility

David G. Whalen, President and Chief Executive Officer of A.T. Cross, said, "We were very pleased with our second quarter performance. Our business grew at a double digit rate and our bottom line improved dramatically.

American Superconductor (AMSC) - Comments & Business Outlook

American Superconductor has achieved six consecutive quarters of rapid, profitable growth, and we are now well positioned to exceed our original forecasts for revenues and earnings for full fiscal 2010,” said Greg Yurek, AMSC’s founder and chief executive officer. “We achieved a record level of backlog in our first quarter, which gives us very good visibility to continued profitable growth over the next several years.

Cabelas Inc (CAB) - Comments & Business Outlook

We are pleased that our strong focus on improving return on capital is working,” said Tommy Millner, Cabela’s Chief Executive Officer. “This success is a result of our efforts to improve inventory productivity, expand the profitability of our retail stores and increase merchandise gross margins.

Ghn Agrispan Holdings (GHNA) - Comments & Business Outlook


  • FY 2010 projected revenue of $37 million (vs. revenue of $27 million FY 2009 on a pro forma basis*, or $11.0 million as previously reported), equating to a pro forma 37% year-over-year revenue increase.

  • FY 2010 projected net income of $5.7 million (vs. $4.9 million FY 2009), equating to an approximate 16% year-over-year net income increase.

  • EPS of approximately $0.14 based on 40.52 million basic shares outstanding.

"We remain unequivocal in our commitment to driving revenue and earnings growth,” said Ms. Xu Yizhen, CEO of GHN Agrispan.

Rayonier (RYN) - Comments & Business Outlook

“We are pleased with our second quarter results, which reflect continued improvement in many of our markets,” said Lee M. Thomas, chairman, president and CEO. “In Timber, we took advantage of good export markets for sawtimber in the West and continued demand for pulpwood in the East. In Performance Fibers, we successfully executed our planned Jesup and Fernandina maintenance shutdowns, returning to full production ahead of expectations


“With solid performance in the first half, we are well positioned for strong full year results.

GEO Summary Alerts, July 28, 2010

ISSI-- "The Company reported operating income in the third quarter of fiscal 2010 of $13.3 million, compared to operating income of $6.8 million in the March 2010 quarter, and an operating loss of $1.9 million in the June 2009 quarter.  Net income for the third quarter was $16.0 million, or $0.57 per diluted share.  This compares with net income for the March 2010 quarter of $7.2 million, or $0.27 per diluted share, and a net loss for the June 2009 quarter of $1.9 million, or $(0.08

Fabrinet (FN) - Research

We will begin tracking Fabrinet which recently completed its IPO:


Industry Growth Appears Promising:



  • According to Ovum-RHK, annual sales for the global optical communications components and modules market are expected to increase from approximately $3.1 billion in 2009 to approximately $5.2 billion in 2014.
  • According to the Optoelectronics Industry Development Association, the diode and non-diode lasers market is expected to increase from approximately $8.3 billion in 2009 to approximately $10.3 billion in 2013.

Sigmatron Intl Inc (SGMA) - Liquidity Requirements

Posted in

The Company anticipates that its new credit facilities, cash flow from operations and leasing resources will be adequate to meet its working capital requirements and capital expenditures for the balance of fiscal year 2011.


Source: April 2010 10K