Diamonds and Dogs
5/20/13
Team Inc. (TISI)Team Inc. is falling apart today, down 16.92% at $35.10. The high temperature and high pressure piping company saw its shares trade in the red after Team released a forecast for its fourth quarter. For the company's fourth quarter, management sees earnings between $0.52 and $0.60 per share. Its prior outlook was for $0.69 to $0.84 per share, and analysts were expecting Team to make around $0.72 per share. Management blamed the lowered forecast on a lower than expected profit margin due to cost and utilization difficulties. Team shares are trading in the middle of their 52-week range of $24.95-$46.66.
JA Solar Holdings Co. Ltd. (JASO)
JA Solar Holdings is on fire today, up 70.23% at $9.55. The solar panel company saw its shares skyrocket after releasing astonishing earnings. First-quarter revenue was $270 million, with a net loss of $33.3 million, or $0.85 per share. Analysts were expecting $226 million in revenue and a $1.03 per share loss. The better than expected earnings led investors to buy shares, hoping for continued success in the future. JA Solar traded to a new 52-week of $9.86 intraday. Along with JA Solar, many solar stocks were up today as German economy minister said that anti-dumping duties on Chinese solar panels would be a "grave mistake".
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