Power-One Earnings: Here’s Why the Stock is Up Now

Power-One Inc. (NASDAQ:PWER) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.16%.

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Power-One Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-0.02 in the quarter versus EPS of $0.03 in the year-earlier quarter.

Revenue: Decreased 9.19% to $205 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Power-One Inc. reported adjusted EPS loss of $0.02 per share. By that measure, the company beat the mean analyst estimate of $-0.05. It beat the average revenue estimate of $186.48 million.

Quoting Management: “In the first quarter of 2013, Power-One was able to exceed its revenue guidance forecast as a result of higher demand for commercial inverters in Europe,” said Richard Thompson, Chief Executive Officer of Power-One. “We experienced a sequential increase in inverter revenue in most of our major markets in Europe, with particular strength in Italy, the U.K. and France.”

Key Stats (on next page)…

Revenue increased 6.96% from $191.66 million in the previous quarter. EPS increased to $-0.02 in the quarter versus EPS of $-0.14 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.06 to a profit $0.04. For the current year, the average estimate has moved down from a profit of $0.30 to a profit of $0.21 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)