Volume Spike Investor

Energy Conversion Devices, Inc. (Nasdaq: ENER) is trading down on earnings after blowing its earnings report. It posted revenues of $51.4 million compared to $82.4 million in the fourth quarter of fiscal 2008 and $66.0 million in the third quarter of fiscal 2009. It also reported a loss of $15.8 million or -$0.37 EPS compared to a net income of $9.9 million or $0.24 per fully diluted share in the year-ago period. Thomson Reuters estimates are -$0.06 EPS and $56.84 million in revenues. At 8:40 AM EST we have seen 210,000 shares trade hands and the stock is down 4% at $12.00 after closing at $12.50 yesterday. -JON OGG