This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Universal Display, First Solar: After-Hours Trading (Update 1)

The stock was last quoted at $33.52, down 8%, on volume of nearly 1.5 million, according to

For the three months ended Dec. 31, First Solar posted a non-GAAP profit of $110 million, or $1.26 a share, on net sales of $660 million, a total that was down more than 30% on a sequential basis. The average estimate of analysts polled by Thomson Reuters was for earnings of $1.53 a share on sales of $779.3 million.

The company attributed the sequential sales decline to "the timing of revenue recognition in our systems business and lower volume for module-only sales."

First Solar left intact a forecast for earnings of $3.75 to $3.95 a share in 2012, excluding impairment charges, but it cut its revenue view to between $3.5 billion and $3.8 billion from a prior projection of $3.7 billion to $4 billion.

The company dropped its operating cash flow forecast to $800 million to $900 million from a previous view of $900 million to $1.1 billion.

"First Solar's performance in the quarter was impacted by an aggressive competitive environment, an uncertain regulatory environment, warranty-related charges, and restructuring costs incurred to help position our business for the future," said Mike Ahearn, the company's chairman and interim CEO, in a statement.

One of the worst performers of 2011, First Solar shares are down more than 75% in the past year based on Tuesday's regular-session close at $36.40, despite a 5%-plus bounce since the start of 2012.

Check out TheStreet's quote page for First Solar for year-to-date share performance, analyst ratings, earnings estimates and much more.

Other stocks active after the bell included TeleTech Holdings (TTEC - Get Report), whose shares lost nearly 16% to $14.86 on volume of more than 20,000 after the maker of customer interaction technology products missed Wall Street's earnings view for its fiscal fourth quarter by 25%, posting a profit of 29 cents a share on revenue of $300.5 million vs. the average analysts' estimate for earnings of 39 cents a share on revenue of $317.2 million, and announced the acquisition of marketing analytics firm iKnowtion; Dreamworks Animation (DWA - Get Report), whose stock fell 8.7% to $17.95 on volume of more than 60,000 after the movie studio operator posted a profit of 29 cents a share in its fiscal fourth quarter, coming in 3 cents shy of the consensus view; and Verisk Analytics (VRSK - Get Report), whose stock gained 9% to $46 on volume of nearly 25,000 after the Jersey City, N.J.-based provider of risk-related information for insurance companies and other industries reported adjusted earnings of $85.5 million, or 50 cents a share, on revenue of $351.6 million vs. the average estimate of analysts polled by Thomson Reuters for a profit of 44 cents a share on revenue of $340.4 million.

-- Written by Michael Baron in New York.

>To contact the writer of this article, click here: Michael Baron.
Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.
2 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
DWA $25.01 2.12%
FSLR $56.05 -0.21%
TTEC $29.07 -0.34%
VRSK $74.46 1.09%
PANL $3.01 7.12%


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs