Boston, MA 03/05/2014 (wallstreetpr) – Trina Solar Limited (ADR) (NYSE:TSL) was able to trounce earnings estimates in the most recent quarter. The solar company reported its fourth quarter financial performance in the pre-market hours. Earnings per share were 13 cents and revenue was $525.6 million. While revenue figure fell short of expectation by 4 percent, earnings trounced the expected 2 cents per share loss. Although TSL earnings figure in the fourth quarter was good, it was not the best in that given the company’s position in solar industry, the 12 GW that was installed in China in 2013 would have made fourth quarter an outstanding one. Nonetheless, with a solid balance sheet and unquestionable capacity, Trina Solar has what it takes to benefit from the solar industry. Investors are wise to track this stock closely to see what comes out of the yesterday gain. Shares of Trina Solar Limited (ADR) (NYSE:TSL) were up more than 11 percent to $16.38 in the last trading session.
Phoenix New Media Ltd ADR (NYSE:FENG) was up more than 10 percent in the last session to settle at $12 by bell time. The stock touched a low of $10.93 and high of $12 on the say. A high volume of the shares were traded in the last session that the normal amount. Over the past 30 days Phoenix New Media has had its stock estimates adjusted. Equity experts at JPMorgan Chase & Co. maintained their “equal weight” rating on the stock. The analysts also planted price target of $10.20, which suggest potential downside of 8.81 from the prevailing price of Phoenix New Media Ltd ADR (NYSE:FENG) stock.
LiveDeal Inc (NASDAQ:LIVE) announced in the latest press release that its key metrics improved month-over-month beyond expectation. The company said its user traffic was up 42.8 percent from the previous month. The same encouraging growth was noted in voucher redemption and mobile usage which increased 44 and 154 percent respectively. The management attributed the strong performance to the great user-interface experience that livedeal.com offers users and the growing desire by users to access instant deals. With planned release of more and perhaps greater apps, LiveDeal Inc (NASDAQ:LIVE) CEO Jon Isaac believes that more room for growth still lies ahead.
