Boston, MA 05/30/2014 (wallstreetpr) – Capstone Turbine Corporation (NASDAQ:CPST) will release its 4Q2014 and fiscal year ended March 31, 2014, financial results on June 12. The company earlier issued preliminary operating results for the year. The management expects fiscal 2014 revenue to touch $133.1 million, about 4 percent above the revenue generated in the prior fiscal year. The company generated revenue of $127.6 million in fiscal year ended March 31, 2013.
CPST expects cash and cash equivalent in the upcoming fiscal 2014 reporting to come in at $27.9 million, which compares with $38.8 million in fiscal 2013.The management of CPST, linked the decline in cash to usage in operating activities.
The company recently performed an equity offering through which it floated about 18.8 million shares of its common stock for $1.70 per share. It expected to realize $30.2 million in net proceeds.
Silver mining company Silver Wheaton Corp. (USA) (NYSE:SLW) was initiated with an “equal weight” rating by analysts at Morgan Stanley (NYSE:MS). The stock has lost about 21 percent in the past three months to linger near $20.20 per share. However, the majority of analysts covering the stock are optimistic about its future. Out of 13 analysts covering the stock, 12 have a “buy” or better rating on SLW.
The company’s average price target of $30.64 suggests about 52 percent potential upside from the prevailing price. Silver Wheaton Corp. (USA) (NYSE:SLW) earned 22 cents per share in the most recent quarter, meeting the consensus estimate. Revenue for the quarter was $165.40 million, compared with $186.11 million consensus estimate. Both revenue and earnings were down on a year-over-year basis.
SINA Corp (NASDAQ:SINA) anticipates weaker revenue in the current quarter because of the recent license revocation. The company expects 2Q revenue to come between $177 and $182 million at a time when analysts expected $197.7 million for the quarter.
SINA Corp (NASDAQ:SINA) earned 15 cents per share in 1Q, meeting the consensus estimate in the process. Revenue for the quarter came in at $171.50 million, ahead of the estimate of $165.03 million. Both revenue and EPS were up on a year-over-year basis.
