Market Currents

• Thursday, October 22, 2009

• 17:27 PM MEMC Electronic Materials (WFR): Q3 EPS of -$0.29 misses by $0.23. Revenue of $310M (-43%) vs. $302M. Shares -4.4% AH. (PR) Comment!
• 00:10 AM Notable post-market earnings: AMZN, AXP, BNI, BRCM, BUCY, CA, CAKE, CB, COF, CPWR, DDR, ELX, EMN, INFA, JNPR, LEG, LSCC, NFLX, PMCS, RMBS, RVBD, SNV, SPWRA, SYNA, WDC, WFR Comment!

• Tuesday, September 8, 2009

• 09:26 AM MEMC Electronic Materials (WFR): Sees Q3 revenue of $285-315M vs. $326M consensus, citing delayed resumption at its polysilicon facility in Pasadena after a serious disruption due to equipment failure. Shares -4.5% premarket. (PR) Comment!

• Friday, July 24, 2009

• 09:00 AM Premarket gainers: CIT +26%. CNW +8%. RSH +5%. STP +5%. IR +5%. SOL +5%. LDK +4%.
  Losers: MSFT -8%. WFR -7%. AXP -5%. COF -4%. Comment!

• Thursday, July 23, 2009

• 16:28 PM MEMC Electronic Materials (WFR): Q2 EPS of $0.03 beats by $0.03. Revenue of $283M (-47%) vs. $231M. Shares +5.7% AH. (PR) Comment!
• 00:10 AM Notable earnings after Thursday's close: AMP, AMZN, AXP, BIDU, BLUD, BNI, BRCM, BUCY, CA, CAKE, CB, CENX, CNW, COF, COG, CPWR, DDR, DDUP, EMN, FII, INFA, JNPR, KLAC, LEG, MSFT, NFLX, PMCS, RFMD, RMBS, RVBD, SNV, SPWRA, STAR, TCO, WFR, WRE Comment!

• Friday, July 10, 2009

• 10:43 AM MEMC Electronic Materials (WFR +4.2%) gets a boost from Citigroup. Firm says its checks suggest headwinds in pricing of solar polysilicon are starting to ease, and notes WFR is working with contract customers to extract concessions. Comment!

• Tuesday, May 26, 2009

• 08:34 AM Solar stocks could come under pressure after FBR stings First Solar (FSLR) with a downgrade, noting spot polysilicon prices have nosedived in recent weeks amid weak demand and aggressive output from market leaders like MEMC (WFR). FSLR -5% premarket. Comment!

• Thursday, April 23, 2009

• 16:12 PM MEMC Electronic Materials (WFR): Q1 EPS of $0.01 beats by $0.03. Revenue of $214M (-49.7%) vs. $217M. Won't provide guidance due to limited visibility. Shares -1% AH. (PR) Comment!
• 15:10 PM Notable earnings after Thursday's close: ACF, AMGN, AMZN, ATHR, AXP, BNI, BUCY, CAKE, CB, CF, CNW, CRBC, CYH, CYN, DDR, DDUP, DV, EMN, FII, INFA, JNPR, KLAC, MHK, MSCC, MSFT, NFLX, PKI, PMCS, RIO, RMBS, RVBD, SPWRA, STAR, STSA, SWKS, SYNA, WDC, WFR, YRCW Comment!
• 00:10 AM Notable earnings after Thursday's close: ACF, AMGN, AMZN, ATHR, AXP, BNI, BUCY, CAKE, CB, CF, CNW, CRBC, CYH, CYN, DDR, DDUP, DV, EMN, FII, INFA, JNPR, KLAC, MHK, MSCC, MSFT, NFLX, PKI, PMCS, RIO, RMBS, RVBD, SPWRA, STAR, STSA, SWKS, SYNA, WDC, WFR, YRCW Comment!

• Monday, April 13, 2009

• 09:39 AM MEMC Electronic Materials (WFR) is -15% early on. Late Thursday, it said Q1 revenue of about $214M would be below consensus of $225M. (InPlay) This morning, a bunch of analysts either downgraded shares or reduced price targets - with the exception of Gabelli who thinks shares are still attractive and reiterates Buy rating. Comment!
• 09:00 AM Premarket gainers: DNDN +27%. MGM +17%. TCK +9%. WLP +9%. ENTU +8%. IIJI +8%. LVS +6%. HL +6%. YHOO +6%. AKS +5%. C +5%. APWR +5%. TTWO +5%. ESRX +5%. BRCD +4%. CDE +4%.
  Losers: GNW -24%. TRE -22%. GM -12%. WFR -10%. ACAS -5%. TXT -4%. STX -3%. RF -3%. Comment!

• Friday, January 23, 2009

• 09:01 AM Premarket losers: HOG -19%. BCS -19%. COF -14%. CRXL -12%. ING -11%. DRYS -10%. MT -10%. HBAN -10%. JASO -10%. FITB -9%. RBS -8%. WFR -8%. BAC -8%. JBLU -8%. SAP -7%. PHG -7%. JPM -6%. UBS -6%. SI -6%. BP -6%. USB -6%. RTP -6%. ABB -6%. WFC -6%. BHP -6%. AAUK -6%. ASML -6%. RF -6%. Comment!

• Thursday, January 22, 2009

• 16:22 PM MEMC Electronic Materials (WFR): Q1 revenue could decline by as much as 50% from Q4 (Q4 sales=$426M, Q1 consensus=$383M), and gross margin could drop to 20% range. Shares -10.6%. (PR) Comment!
• 16:18 PM MEMC Electronic Materials (WFR): Q4 EPS of $0.65 beats by $0.04. Revenue of $426M vs. $408M. "The fourth quarter of 2008 saw deteriorating semiconductor and solar market conditions, amid the rapidly weakening global macroeconomic environment." Shares -6.6%. (PR) Comment!