Top Trending Tickers On StockTwits For March 5
Here's a look at the top tickers trending on StockTwits.com.
Canadian Solar: Rising demand from China not enough to help earnings
This morning, Canadian Solar (NASDAQ: CSIQ) reported its fourth quarter results. The company announced an EPS $0.39 which may not be comparable to the consensus estimate of $0.52. Revenue of $519.5 million missed the consensus estimate of $535.88 million. Net income for the quarter fell to $20.9 million, compared to a net income of $27.7 million in the previous quarter but rose from a net loss of $105 million in the fourth quarter of 2012.
Canadian Solar noted that it had built and connected a 30 MW DC solar power plant in the western part of China and a 10MW DC project in the Jiangsu Province. The company believes that demand for its products will continue to see “strong demand” but the company sees its total first quarter venue to be $415 million to $430 million, below the consensus estimate of $545.80 million.
Shares were trading lower by 6.46 percent in the pre-market session.
Smith & Wesson: Shooting higher following earnings
Last night, Smith & Wesson (NASDAQ: SWHC) reported its third quarter results. The company announced an EPS of $0.35, beating the consensus estimate of $0.29. Revenue of $145.9 million missed the consensus estimate of $152.7 million. Gross profit for the quarter rose to $58.7 million from $49.9 million in the same quarter last year. Gross margin rose 360 bps to 40.2 percent on a favorable product mix and reduced promotions.
The favorable quarter was boosted by an increase in handgun sales which rose 30 percent year over year. Demand for firearms have surged following a series of shootings across the United States.
Smith & Wesson issued guidance and sees its full year 2014 revenue to be $615 to $620 million, in-line with the consensus estimate of $617.5 million. The company sees its full year earnings to be $1.39 to $1.42 a share, above the consensus estimate of $1.33.
Shares were trading higher by 10.08 percent in the pre-market session.
PetSmart: Sold quarter despite slight revenue miss
This morning, PetSmart (NASDAQ: PETM) reported its fourth quarter results. The company announced an EPS of $1.28, beating the consensus estimate of $1.21. Revenue of $1.81 billion missed the consensus estimate of $1.83 billion. Gross profit for the quarter fell to $565.99 million from $593.44 million in the same quarter last year, partially due to the current quarter consisting of 13 weeks versus last year's quarter which included 14 weeks. Gross margin improved 40 bps to 31.4 percent in the quarter and comparable store sales grew 1.2 percent in the quarter.
PetSmart issued guidance and sees its full year 2014 EPS to be $4.42 to $4.54 versus a consensus estimate of $4.45. Net sales is expected to grow four percent to six percent in the quarter on comp sales growth of two percent to four percent.
Shares were trading higher by 0.52 percent in the pre-market session.
Qihoo: Relationship with Apple restored?
According to Marbridge Daily, Qihoo 360 (NYSE: QIHU) announced that the company's mobile app content has been re-instated and returned to Apple's China App store. Apple recently removed all of Qihoo's apps from its App Store in January 2013 after Apple concluded that the apps violate some of the App Store rules.
Additionally, Qihoo is expected to report its fourth quarter results on Thursday March 6. The company is expected to earn $0.43 per share on revenue of $209.73 million.
Shares were trading higher by 2.58 percent in the pre-market session.
eBay: The drama continues
Carl Icahn's activist war against eBay (NASDAQ: EBAY) continues. Icahn said in an interview with CNBC this morning that eBay is the worst run company he has ever seen. Icahn went so far as to say that lawmakers in Washington are doing a better job at running the country than many corporate executives run their companies.
Carl Icahn said that eBay's CEO John Donahoe should have nothing to do with running PayPal. Icahn also said that Donahoe is more responsible than board member Marc Andreesen in running what Icahn repeatedly called the worst company he has ever seen.
Shares were trading higher by 1.77 percent in the pre-market session.
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