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SolarCity ( SCTY ), Gap ( GPS ), Stamps.com ( STMP ) and MaxLinear ( MXL ) were among those reporting quarterly earnings or preliminary figures after the close on Monday. SolarCity SolarCity’s per-share loss deepened to $2.56, worse than an expected loss of $2.32. GAAP revenue surged to around $123 million, topping estimates for $109.8 million. But the residential solar-energy systems installer expects a second-quarter loss that was far worse than investors expected. SolarCity cut its full-year installation forecast to 1.0-1.1 gigawatts from 1.25 gigawatts and said first-quarter bookings were weak Shares tumbled 14% in late trading after closing up 3.1% on the stock market today . The company in a Q1 review cut its full-year installation forecast to 1.0-1.1 gigawatts from 1.25 gigawatts and said first-quarter bookings were weak. The company, whose chairman is Tesla ( TSLA ) CEO Elon Musk, also said regulatory decisions, pending or resolved, hindered potential decisions on purchases. Gap Gap expects first-quarter EPS of 31 to 32 cents, below analysts’ consensus for 33 cents after saying that sales fell 6% to $3.44 billion, well below Wall Street’s $3.54 billion target. April same-store sales fell 7%. The struggling apparel retail also said it’s evaluating its Banana Republic and Old Navy chains, mainly outside the U.S. Gap shares plunged 11% in extended trading after closing up 0.7% at 21.81. Gap will report full Q1 results on May 19. Stamps.com Stamps.com earned $1.72 a share in its Q1, up 139% vs. a year earlier. Revenue rose 86% to $81.8 million. Wall Street had expected EPS of $1.06 on revenue of $65.61 million. Stamps.com now sees full-year EPS of $6-6.50 and revenue of $310 million-$330 million. Analysts had forecast EPS $5.28 and revenue of $301.8 million. Stamps.com stock leapt 17% in late trading. Shares closed up 4.7% to 88.34, trying to break a 2-month downtrend since hitting a record high of 123.75 on May 4. MaxLinear MaxLinear ( MXL ) stock rose late Monday after the wireless chipmaker reported strong first quarter earnings growth and said it will buy the wireless infrastructure backhaul business of Broadcom ( AVGO ) for $80 million. On April 28, MaxLinear announced that it had bought assets related to Microsemi’s ( MSCC ) wireless business, which was previously part of PMC-Sierra, for $21 million plus some assumed liability. MaxLinear’s Q1 EPS minus one-time items shot up to 45 cents vs. 9 cents a share in the same quarter a year ago, beating analyst estimates by 2 cents. Revenue grew 190% to $102.7 million, edging views for $102.2 million, partly on strong early ramp sale of its high-speed optical interconnect products. MaxLinear shares rose 3% late. Scalper1 News
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