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Tuesday, August 9, 2011

Earnings Surprises of the Day: (FBP), (TSE: PSD), (SJI), (INO), (CRNT)

First Bancorp (FBP) reported earnings results for the quarter ended June 2011. They reported actual earnings per share of $-1.04 when they were expecting earnings to be $-2.4 per share. Earnings beat analyst estimates by 56.67%. Investors could expect the stock price to rise on better than expected results. Further analysis on other trends may need to be completed to determine whether the upswing will be confirmed. Guidance, stock price, and revenue estimates must be considered as well. A total of 3 analysts are currently covering this company. Shares of FBP traded higher by 1.41% or $0.0499/share to $3.60. In the past year, the shares have traded as low as $3.55 and as high as $8.25. On average, 200248 shares of FBP exchange hands on a given day and today's volume is recorded at 4203.

Canadian listed Pulse Seismic (PSD) announced their most recent earnings results for the quarter ended in June 2011. Analysts were expecting $-0.06 per share, and the company reported $-0.06 per share. Actual earnings met the estimated earnings per share. Investors could expect the stock price to remain stable based on this news of earnings meeting expectations. Guidance, current stock price, and revenue estimates must be considered for stock price direction. Shares of PSD fell by 4.6% or $-0.08/share to $1.66. In the past year, the shares have traded as low as $1.26 and as high as $2.43. On average, 108622 shares of PSD.TO exchange hands on a given day and today's volume is recorded at 857.

South Jersey Industries, Inc (SJI) announced their most recent earnings results for the quarter ended in June 2011. The company reported $0.2 per share when analysts were expecting earnings of $0.28. Earnings missed estimates by an unexpected -28.57% downside surprise. Investors might expect the stock price to fall as earnings were below expectations. Examining previous stock price movement may help to further determine the direction of the share price. Guidance, stock price, and revenue estimates must be considered as well. A total of 4 analysts are currently covering this company. Shares of SJI fell by 1.75% or $-0.89/share to $49.88. In the past year, the shares have traded as low as $44.55 and as high as $58.03. On average, 127381 shares of SJI exchange hands on a given day and today's volume is recorded at 136197.

Inovio Pharmaceuticals, Inc (INO) announced their most recent earnings results for the quarter ended in June 2011. They reported actual earnings per share of $-0.02 when they were expecting earnings to be $-0.05 per share. Actual earnings beat estimated earnings by $0.03 per share. Investors could expect the stock price to rise on better than expected results. Further analysis on other trends may need to be completed to determine whether the upswing will be confirmed. Guidance, stock price, and revenue estimates must be considered as well. A total of 5 analysts are currently covering this company. Shares of INO fell by 1.64% or $-0.01/share to $0.60. In the past year, the shares have traded as low as $0.56 and as high as $1.56. On average, 851917 shares of INO exchange hands on a given day and today's volume is recorded at 65390.

Ceragon Networks Ltd (CRNT) announced their most recent earnings results for the quarter ended in June 2011. Analysts were expecting $-0.13 per share, and the company reported $-0.09 per share. Earnings were 30.77% larger than expected. An upside surprise. Investors might expect the stock price to rise on better than expected results. Further analysis on other trends may need to be completed to determine whether the upswing will be confirmed. Guidance, stock price, and revenue estimates must be considered as well. A total of 5 analysts are currently covering this company. Shares of CRNT fell by 3.46% or $-0.33/share to $9.21. In the past year, the shares have traded as low as $7.19 and as high as $14.34. On average, 164609 shares of CRNT exchange hands on a given day and today's volume is recorded at 31983.