First Solar (FSLR) stock was up 6% in after-hours trading Tuesday, after the solar panel maker reported Q2 earnings and revenue that smashed Wall Street forecasts. In Q2, First Solar posted revenue of $896 million, up 65% from the year-earlier quarter, and per-share earnings of 93 cents, vs. 4 cents in Q2 2014. The consensus of 14 analysts polled by Thomson Reuters was for revenue of $752 million and EPS of 36 cents. The Q2 EPS included a
Apple (AAPL) shares got whacked again in the stock market today, and the stock’s plunge also looks to be affecting its chip suppliers, including Skyworks Solutions (SWKS), Cirrus Logic (CRUS) and Qorvo (QRVO). Shares sank as much as 4.3% in huge volume Tuesday, dropping to their lowest level in more than six months. The stock has now fallen for 10 out of the past 11 straight sessions. In Monday’s session, the stock broke below its 200-day moving
While consumer spending has been up and down this year, a number of apparel manufacturers are seeing strong demand for sports and outdoor clothing. VF (VFC) in late July reported an 11% rise in Q2 earnings to 40 cents a share, the fifth period of double-digit growth in the past six quarters. Overall sales grew 5% to more than $2.51 billion. Revenue from its outdoor/action sports, its biggest operating segment, climbed 9% to $1.4 billion. Excluding