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American Semiconductor (AMSC), Trico Marine (TRMA), AsiaInfo Holdings (ASIA) and Steven Madden (SHOO) Quarterly Reports Release the Bulls

American Semiconductor (AMSC), Trico Marine (TRMA), AsiaInfo Holdings (ASIA) and Steven Madden (SHOO) were key players in pushing the Nasdaq past 2000 in early trading. All four posted strong showings.

Getting things rolling this morning with a 28.65% gain ($7.53) is American Semiconductor (AMSC) http://www.amsc.com/ now trading on the Nasdaq in the $33.70 range. AMSC has a new market cap of $1.47 billion. AMSC has a 3-Month average daily trading volume of 754,681 shares and had doubled that early in the session topping 1,579,699 shares traded.

AMSC reported Q1 earnings this morning and an adjusted EPS of $0.12 per share brought the buyers in. AMSC had an 83% gain in Q1 revenues and adjusted its guidance for FY 2009 to somewhere between $0.41 and $0.47 EPS on revenues of between $260 and $270 million. It had earlier forecast $0.27 to $0.30 and revenue of $225 million to $235 million. AMSC for Q1 posted net income of $1.8 million, or 4 cents a share, compared with net loss of $6.1 million, or 14 cents a share, a year ago.

Management at AMSC also noted that it has accelerated shipment of wind turbine components to China's Sinovel Wind, its largest customer, thus increasing the overall contract value by $20 million to $470 million.

AMSC provides megawatt-scale wind turbine designs and electrical control systems. AMSC also offers a host of smart grid technologies, including superconductor power cable systems, grid-level surge protectors, and power electronics-based voltage stabilization systems for power grid operators.

At $33.70 a share, AMSC is just a few dollars off its 52-week high of $40.00 set on 07-31-08 and nearly four times above its 52-week low of $8.22 set on 11-21-09. At $33.70, AMSC is well above both its 50-day and 200-day moving averages. AMSC has trailing twelve month revenues of $182 million. Its shares out versus float ratio is near-parity.

The Positive Earnings Continue...

Jumping 19.36% ($0.73) in early trading today is Trico Marine Services (TRMA) http://www.tricomarine.com/ now trading on the Nasdaq in the $4.40 range with a new market cap of $71 million. TRMA has a 3-Month average daily trading volume of 384,992 shares and nearly doubled that by 11 a.m. EST soaring past 731,477 shares traded.

After-Market yesterday, TRMA posted Q2 results with revenues of $180 million and adjusted net income of $0.33 per diluted share. What I liked about the TRMA Q2 numbers was the retiring of debt: TRMA had $35 million in cash and $708 million in total debt, a reduction of over $50 million in total debt from the end of the prior quarter.

TRMA provides Subsea and marine support vessels to the offshore oil and gas industry. TRMA operates in three segments: Subsea Services, Subsea Trenching and Protection, and Towing and Supply. TRMA's fleet, together with vessels held in joint ventures, consists of 77 vessels. TRMA operates in the North Sea, West Africa, Mexico, the Mediterranean, Brazil, Southeast Asia and the Gulf of Mexico.

At $4.40, TRMA is far below its 52-week high of $26.06 set on 08-21-08 and above its 52-week low of $1.88 set on 03-09-09 (a good buy signal). At $4.40 TRMA is above both its 50-day and 200-day moving averages. TRMA has $618 million in trailing twelve month revenues. I would like to see more shares in the public float.

Also posting a double-digit gain this morning on earnings news is AsianInfo (ASIA) http://www.asiainfo.com/ which gained 16.93% ($2.92). ASIA is currently trading in the $19.91 range with a new market cap of $876 million. Asia has a 3-Month average daily trading volume of 844,309 shares and it easily eclipsed that in early trading today.

Late yesterday, ASIA released Q2 numbers which sported a 39.3% year-over-year growth in revenues. Exceeding its guidance, ASIA Q2 total revenues were $58 million and recorded net income of $7.2 million, or $0.16 per basic share, compared to $5.2 million, or $0.12 per basic share, in the year-ago period and $5.8 million, or $0.13 per basic share in the previous quarter. Solid Q2 numbers in a recession.

ASIA provides telecommunications software solutions, and information technology (IT) security products and services for telecommunications service providers in China.

At $19.91, ASIA is a couple dollars below its 52-week high of $22.09 set on 06-01-09 and nearly three times above its 52-week low of $6.74 set on 10-08-08. At $19.91, ASIA is above both its 50-daya and 200-day moving averages. ASIA has trailing twelve month revenues of $191 million and a trailing twelve month diluted EPS of $0.41. I would like to see a few more shares in the float, but it isn't a red flag.

Finally today, posting an 18.26% gain ($5.22) is Steven Madden Ltd., (SHOO) http://www.stevemadden.com/ now trading on the Nasdaq in the $33 range with a new market cap of $605 million. SHOO has 3-Month average daily trading volume of 267,116 shares and by 11 a.m. EST had topped 513,622 shares traded today.

Today, SHOO posted Q2 EPS of $0.66 which beat analysts estimate of $0.49. SHOO sales were up for the quarter by 6.5% and management raised total 2009 guidance on EPS to somewhere between $2.05 and $2.15 compared with its previous estimate of between $1.85 and $1.95 a share.

SHOO designs, sources, markets, and retails footwear for women, men, and children. SHOO ended the quarter with 92 retail locations.

At $33, SHOO is pennies of its 52-week high of $30.40 set on 04-30-09 (it could set a new 52-week high today). SHOO has a 52-week low of $13.37 set on 11-21-08. At $33, SHOO is above both its 50-day and 200-day moving averages. SHOO has trailing twelve month revenues of $463 million and a trailing twelve month diluted EPS of $1.81. Its shares out versus float ratio is near-parity.

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