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Solazyme (SZYM) posted a big Q3 loss and missed revenue expectations, but shares +14.3%...

  • Tuesday, November 8, 2011, 9:14 AM ET
    Solazyme (SZYM) posted a big Q3 loss and missed revenue expectations, but shares +14.3% premarket after the biofuels company said United Airlines (UAL) used its algae-based product as jet fuel and that several non-binding agreements should give it access to enough feedstock to meet 90% of its manufacturing capacity targets for 2015.
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    The earnings loss was a beat actually while revenue was a miss. However, outlook was great with many new income streams. Probably the latter was what kicked the shares up which were down from >$20 after the IPO to <$9 after the market turmoil. The latter fact has to be taken into account as well in such analysis.
    8 Nov 2011, 09:28 AM Reply Like
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