Early Volume Buzzers: Zynga Inc, First Solar, Intel Corporation
2013-02-27 12:06 ET - News Release
NEW YORK, February 27, 2013 - vb-news.net, one of the leaders in providing investment alerts on U.S. stocks are announcing Investment Highlights on Zynga Inc, First Solar, Intel Corporation.
The states of Nevada and New Jersey have legalised online gambling and analysts are excited that the prospects this will hold for game development company Zynga Inc(NASDAQ:ZNGA).
Zynga, which has seen revenues falling from some of its online social media games, has decided on offering real-money gambling to augment it revenues.
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However it will take some time before the company can prove that it is able to monetise the new statutes.Gambling has always been a big lure for people and analysts feel that real-money gambling has proved itself to be sustainably popular.
If Zynga can develop a platform that draws the interest of gamblers over the competing offerings from major players like MGM and Caesars, then the profits will follow.
Shares of ZNGA are up over 6%. The stock has gained about 20% in past one week.
First Solar, Inc.(NASDAQ:FSLR) swung to a profit in the fourth quarter, compared to a loss in the year-ago period, though its earnings outlook for the current year and its sales were a source of disappointment for the Street.
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First Solar, Inc.(NASDAQ:FSLR) said that it earned $1.74 per share on revenue of $1.08 billion for the quarter. Last year the company lost $413 million, or $4.78 per share, on revenue of $660.4 million after it reduced the value of its solar system components division and booked other one-time charges.
After adjusting for costs associated with restructuring efforts the company reported earnings of $2.04 a share. This was much more than what the Street had expected but revenues lagged estimates.
Analysts expected the company to earn an adjusted $1.75 per share on revenue of $1.34 billion. The company, which is one of the leading solar panel makers in the world, said that revenues rose due to a boost in sales of solar panels and demand from Topaz solar farm in southern California.A glut in solar panel capacities and decreased demand had led to soft solar panel prices. This has led to pressure on margins for players in the industry, making it much more competitive.
First Solar expects sales of $650 million to $750 million in the first quarter of this year, and earnings per share of 70 to 90 cents. Analysts were looking for earnings of 88 cents per share on revenue of $822.1 million.
In 2012 the company posted a loss of $96 million, or $1.11 a share, on sales of $3.4 billion. In 2011, First Solar lost $39 million on sales of $2.8 billion.
Shares in the company were down $5.05, or 16.15 percent, to $26.13.
Intel Corporation(NASDAQ:INTC) has said that it would make chips for Altera Corp, signalling a shift in its business strategy to the Street.
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The major change here is that so far Intel has, so far, made chips only for itself. But in a market where computer sales are declining with stiff competition from mobile device makers, the company is using its fab facilities to make chips for others.
Altera Corp is its first major client in this endeavour.
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