From 24/7 Wall Street:
The third fiscal quarter report from Energy Conversion Devices, Inc. (ENER) showed fully diluted EPS of $0.03, down from $0.17 in the same period a year ago and $0.33 sequentially, but above analysts’ estimates of $0.02. Revenues reached $66 million for the quarter, down from $70 million a year ago and $103.1 from last quarter. Analysts had been anticipating $68.88 million.Our Friday comment:
The company’s president and CEO noted that project financing and customers’ access to credit were the major challenges facing the company. Energy Conversion is “focusing on demand creation, preservation of capital, and reduction of costs.”>>>MORE
Earnings are due Monday before the open. In this situation the company's balance sheet is more important than it's income statement. do your own homework....
