Milind Paradkar's  Instablog

The world's largest chip equipment maker, Applied Materials Inc. (AMAT) announced its results for the quarter ended Apr-09 on Tuesday. Sales dropped 53% y/y to $1.02 Bn, lowest levels since 2002, but were higher than the average Wall Street estimate of $905.3 M. Operating loss widen to $293 M from $196 M in the prior quarter. GAAP loss per share stood at $0.19 compared to an income of $0.22 in the year-ago quarter.

Results include pretax charges totaling $166 M, comprising of $77 M for equity investment impairments, $47 M for inventory write downs, $27 M for restructuring and asset impairment charges, and $15 M for bad debt provisions.

Constant Contact (CTCT), a leading Email Marketing Solutions provider announced its results for Q1 FY09 last week. Revenues were $28.1 M, up 55% y/y and above the high-end revenue guidance of $27.9 M. Revenues were primarily driven by record net email customer adds of over 27,500, up 11% sequentially and 29% on a year-on-year basis.

First Solar (FSLR) today reported strong results for the March ending 2009 quarter with revenues up 112% on y/y basis to $418 M. The company produced 219.5 MW in the current quarter up 26% q/q and 176% y/y.

First Solar (FSLR), the leading Thin-film player is all set to announce its Mar-09 results today at 4:30 p.m. ET. We take a quick look at its past performance, and the impact of its recent acquisition of OptiSolar assets.

On the revenue front, FSLR has enjoyed superior growth due to the excess demand for its low priced cadmium telluride modules. While other players have experienced a significant drop in 2008, FSLR managed to register a satisfactory growth rate. SPWRA which announced its results for the Mar-09 quarter last week, saw a 21% decline in its revenues on a year-on-year basis.

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Tags: FSLR, STP, YGE, SPWRA, SOLF, solar, energy

Apr 29 04:13 pm | Link | Comment!