Harris Roen, Editor
Roen Financial Report
November 9, 2012
We are thick into earnings season. Five stock alerts were generated today, showing a variety of profit announcements, as well as a range of projected earnings expectations.
|Mixed earnings results, combined with guidance pointing to a decline in revenues for 2012, has hurt Codexis’ stock price. Shares dropped 7% in one day on large volume, continuing the stocks steady decline that started in April 2010. On the bright side, although EPS remains negative, it is approaching positive territory and is at the best levels it has been for the past 8 quarters.||Press release|
|Mixed earnings results announced. Revenues and profits are down for the quarter, but both are up compared to the same quarter last year. EPS also moved up, as it has for the past 4 quarters. The company increased its sales projections for 2012, which should put revenues up between 5%-9% over 2011 levels. Stock traded on highest volume in 3 months, but has remained flat since February.||Press release|
|Earnings release misses analysts’ expectations, causing the stock to reach a three month low for the day, closing down 6%. Profits remain flat for the quarter, but are up 49% over the same quarter last year. Despite a wildly fluctuation stock price, swinging 69% from its high to its low for the year, the stock is at the same level it was 12 months ago.||Press release|
|Disappointing earnings drove Universal Display Corp’s stock price down 18% in one day, bringing it to a 56% loss for the year. Profits were down 60% for the quarter, and EPS turned negative. The company also lowered 2012 revenue forecasts by 9%-27%.||Press release|
|Despite improved earnings, disappointing guidance from Rubicon hit its stock price. Revenues and profits were up for the quarter, and EPS turned positive. 2012 4th quarter guidance, however, projected a negative EPS. This projected EPS is below the consensus analysts’ estimate, which expected EPS to be slightly positive in the 4th quarter. The stock price is down 25% for the quarter and 43% for the year on the news.||Press release|
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