STR Holdings (STRI) impressed Wall Street after the market close Wednesday smashing estimates and guiding higher. The stock is up about 4% in after hours trading after the company reported an EPS of 42 cents per share, nearly double analysts’ estimates.
Revenues also came in higher than estimates at $80 million versus the analyst estimate of $69 million. While that’s only a 6% improvement in revenues over the year ago quarter, it’s an EPS bump of nearly 200%, reported Associated Press.
STR is also guiding higher and sees first quarter sales about inline with what they reported this quarter at $77 million to $81 million. For the full year 2010, the estimate sales of $310 million to $330 million and EPS of $1.05 to $1.10 per share. Wall St estimates call for $314 million in revenue and an EPS of $1.00.
STR credited the improvement to stronger-than-anticipated demand for its solar photovoltaic products in Europe and a Malaysian factory that boosted market penetration in Asia, Associated Press reported.
STRI is a
Cabot Green Investor holding.