First Solar in the Trader Shade (FSLR)
First Solar Inc. (NASDAQ: FSLR) is ugly this morning, but not as ugly as it was last night. The earnings beat was marginal and the revenues were very soft because they did not include a project revenue target that was deferred. The guidance is still only in-line for Q4 and the company issued some [...]
PrivateBancorp Continues The Mudslide (PVTB)
PrivateBancorp Inc. (NASDAQ: PVTB) is another actively traded stock on the downside on what may be a day-two dumper. This fell from $11.98 on Monday to $9.65 yesterday on 10+ million shares. On Friday this was a $19.00 stock. This is over concerns on the pricing of its $175M capital raising plan, which actually looks [...]
Illumina Leads Loser Board (ILMN)
Illumina, Inc. (NASDAQ: ILMN) is the biggest loser this morning. We have a closing bell bell price of $41.66 and the stock is down 18.6% at $33.90 on some 342,728 shares asd of 8:48 AM EST. The earnings swung to a third-quarter profit on a small revenue gain and lower charges. But the life sciences [...]
E*TRADE Back to Flat (ETFC)
E*Trade Financial Corporation (NASDAQ: ETFC) was down after its earnings report last night but has recovered. The online brokerage firm posted a wider third-quarter loss due to charges over a debt exchange. Credit trends are continuing to improve and it added to Tier-1 capital. Shares were down about 3% last night but as of 8:42 [...]
Level 3 Heads Down (LVLT)
Level 3 Communications, Inc. (NASDAQ: LVLT) is trading lower this morning after the wholesale broadband and bandwidth communications provider posted revenue of $916 million, down from $1.07 billion a year ago and down from $942 million for the second quarter 2009. The net loss was $170 million, or ($0.10) per share. Thomson Reuters had estimates [...]
Apollo Down Huge, But Not As Bad As Initially (APOL)
Apollo Group Inc. (NASDAQ: APOL) is getting hammered but not quite as bad as last night. The online education posted solid earnings and enrollment growth. But two issues hit it with the first being the sustainability of enrollments. The second and much more important issue, far more important, is an SEC inquiry into revenue recognition [...]
AMD Down on Ruiz Insider-Galleon Ties (AMD)
Advanced Micro Devices (NYSE: AMD) is taking a hit this morning. Former-CEO Hector Ruiz has been implicated as a CEO who may have given insider information to the Galleon Funds in the recent scandal that is still spreading out. Shares are down 3.5% at $4.97 at 8:20 AM EST on 50K shares, but shares were [...]
DryShips Whips Around (DRYS)
DryShips, Inc. (NASDAQ: DRYS) is trading up on its earnings this morning. We originally saw shares trading lower this morning. Last night’s earnings could have possibly been taken either way, so we’ll see if this one whips around this morning. As of 9:17 AM EST we have seen some 364,001 shares go off in teh [...]
Wynn Trading All Over (WYNN)
Wynn Resorts Ltd. (NASDAQ: WYNN) is already up about 300% from its lows, but this is a battleground stock that could go either way now that earnings are out. It posted $0.28 EPS and $0.33 non-GAAP EPS on $773.1 million in revenues. Thomson Reuters was at $0.15 EPS and $743.05 million in revenues. The company [...]
American Capital Agency Pain From Secondary (AGNC)
American Capital Agency Corp. (NASDAQ: AGNC), a mortgage REIT, was one of last night’s big losers after the company priced a 5,000,000 common share secondary offering at $26.60 per share. The problem is that the stock closed at $28.14 yesterday. Shares fell 4.5% to $26.87 on some 147,000 shares in the after-hours session after the [...]
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