STR Holdings Earnings: Here’s Why Investors Like These Results

STR Holdings, Inc. (NYSE:STRI) 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 0.44%.

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STR Holdings, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased to $-0.07 in the quarter versus EPS of $0.07 in the year-earlier quarter.

Revenue: Decreased 63.9% to $11.22 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: STR Holdings, Inc. reported adjusted EPS loss of $0.07 per share. By that measure, the company beat the mean analyst estimate of $-0.09. It beat the average revenue estimate of $9.72 million.

Quoting Management: “In the first quarter of 2013, we made some very important strides in the execution of our strategic imperatives,” said Robert S. Yorgensen, STR’s President and Chief Executive Officer. “These include very encouraging progress in the launch of our next generation encapsulants – both EVA and POE based products – for which we have received positive feedback in the form of customer qualifications, as well as important new customer wins.”

Key Stats (on next page)…

Revenue decreased 30.09% from $16.05 million in the previous quarter. EPS increased to $-0.07 in the quarter versus EPS of $-0.09 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 loss of $0.01 to a loss $0.06. For the current year, the average estimate has moved down from a loss of $0.06 to a loss of $0.24 over the last ninety days.

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