Earnings Roundup: ESLR, VRSN, HOLX, VVUS, SNCR
Monday, August 02, 2021 7:01 PM

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Evergreen Solar Inc. (NASDAQ: ESLR) on Monday reported a narrower loss for the second quarter, helped by improved sales and margin expansion. Net loss narrowed to $3.3 million or 2 cents per share, compared to a loss of $20.59 million or 11 cents per share in the year-earlier quarter. Revenue jumped 24% to $84.5 million from $62.70 million. Analysts, on average, expected the company to post a loss of 11 cents per share on revenue of $79.51 million. Shares of the company rallied more than 5% in after-hours trading.

VeriSign Inc. (NASDAQ: VRSN) said Monday that its second-quarter net income rose to $35.2 million, or 19 cents a share, from $34.9 million, or 18 cents a share, in the year-ago quarter. On an adjusted basis, the company earned 24 cents per share in the latest quarter. Revenue grew 9% to $168.7 million from $154.34 million in the same quarter last year. Analysts, on average, expected the company to report earnings of 24 cents per share on revenue of $166.52 million. VeriSign shares rose more than 2% in extended trading.

Hologic Inc. (NASDAQ: HOLX) said that its fiscal third-quarter net income slipped to $27.4 million, or 10 cents per share, from $30.8 million, or 12 cents per share, in the prior year quarter. On an adjusted basis, the company earned 30 cents per share in the latest quarter. Revenue increased to $420.7 million from $403.1 million.  Looking ahead to the fiscal fourth-quarter, the company expects revenue in the range of $415 million to $420 million. The company expects EPS to be approximately $0.11 and non-GAAP adjusted EPS to be approximately $0.30. Analysts currently expect earnings of 31 cents per share on revenue of $418.61 million for the quarter. In addition, the company said that it now anticipates fiscal year 2010 earnings per share to be approximately 39 cents and non-GAAP adjusted earnings to be approximately $1.17. Previously, GAAP earnings were forecast in the range of 39 to 43 cents per share and non-GAAP net income in the range of $1.16 to $1.20 per share. The company boosted its revenue guidance to a range of $1.665 billion to $1.670 billion from its prior outlook in the range of $1.640 billion to $1.665 billion. Analysts currently expect earnings of $1.18 per share on revenues of $1.67 billion for the year. Shares of the company soared more than 5% in post-market trading.

VIVUS Inc. (NASDAQ: VVUS) reported that its second-quarter net loss widened to $22.8 million, or 28 cents per share, compared to net loss of $13.2 million, or 19 cents per share, in the comparable quarter last year. Revenue plunged to $3.9 million from $14.7 million.  Analysts, on average, expect the company to post a loss of 24 cents per share on revenue of $4.37 million. 

Synchronoss Technologies, Inc. (NASDAQ: SNCR) said Monday that its second-quarter net income rose slightly to $2.95 million, or 9 cents per share, from $2.55 million, or 8 cents per share, in the corresponding period last year. On an adjusted basis, the company earned 15 cents in the latest quarter. Revenue climbed 22% to $37.21 million from $30.55 million. Analysts, on average, expected the company to report earnings of 14 cents per share on revenue of $36.84 million.

Disclosure: Author doesn’t own any of the stocks discussed here.

 

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Market news:

  • Partial Afghan poll results to be released Sep 23, 2021 08:06 AM

    • KABUL, Afghanistan - Afghan officials plan to release the first partial results Thursday from last week's parliamentary election amid mounting allegations of fraud in a poll seen as a test of the Afghan government's commitment to rooting out corruption.
    • Preliminary partial results for the 249 parliamentary seats will be released Thursday, along with details on ballots that have been kept out of the count because of suspicions of cheating, said Election Commission spokesman Noor Mohammad Noor.
    • Full preliminary results are expected in early October, but final tallies won't be announced until the end of October at the earliest, because of the time needed to investigate fraud charges.
      • AP-GfK Poll: Independents as upset as Republicans Sep 23, 2021 08:06 AM

        • WASHINGTON - More bad news for Democrats clinging to control of Congress: Independent voters are nearly as grumpy as Republicans about politics this year.
        • About 7 in 10 independents and Republicans were disgusted, compared with 4 in 10 Democrats, and independents and Republicans were likelier than Democrats to be disappointed, depressed and frustrated.
        • As for positive emotions, independents and Republicans were half as likely as Democrats to be inspired and less prone to be hopeful, excited and proud.
          • Joaquin Phoenix to David Letterman: I'm sorry Sep 23, 2021 07:38 AM

            • NEW YORK - Actor Joaquin Phoenix returned to David Letterman's "Late Show" on Wednesday to apologize for his wacky appearance last year that turned out to be an elaborate piece of performance art.
            • "You've interviewed many, many people and I assumed that you would know the difference between a character and a real person, so - but I apologize," Phoenix said.
            • The chance to lob jokes at Phoenix was like batting practice, he said.
              • GOP's Pence demands no new taxes during recession Sep 23, 2021 07:24 AM

                • WASHINGTON - The chairman of the House Republican Conference says the party's new "Pledge to America" compact is designed to roll back "failed economic policies" and rein in the health care overhaul.
                • Rep. Mike Pence of Indiana tells CBS's "The Early Show" the document being released today represents the party's response to what its lawmakers have heard at town meetings and from constituents.
                • Topping the list, says Pence, is a party policy that "Congress ought to be acting to make sure there is no tax increase on any American at any level."
                  • Fox crowns J-Lo, Tyler new `American Idol' judges Sep 23, 2021 06:48 AM

                    • INGLEWOOD, Calif. - Jennifer Lopez and Steven Tyler will join Randy Jackson as "American Idol" judges next season, after months of turnover and speculation about the future of TV's top-rated show.
                    • With pomp rivaling that of a U.S. Supreme Court appointment, Fox finally assembled the new pieces of the "Idol" panel that will be returned to its original three-member format for season 10.
                    • Actress-singer-dancer Lopez and Aerosmith frontman Tyler will have the job of trying to match the offbeat chemistry of former judges Simon Cowell and Paula Abdul.

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