ReneSola Ltd. (ADR) (NYSE:SOL) plunged 13.85% to $9.52. The company
reported net income of $61.04 million or $0.34 per share for the fourth
quarter, compared to a loss of $28.13 million or $0.16 per share in the
prior-year quarter. Earnings per American Depositary Share for the latest
quarter were $0.69, compared to a loss of $0.33.
On average,
nine analysts polled by Thomson Reuters expected the company to report earnings
of $0.69 per share for the fourth quarter. Analysts' estimates typically
exclude special items.
Central European Distribution Corp
(NASDAQ:CEDC) slumped
30.11% to $15.97. The company reported a fourth quarter net loss from
continuing operations of $1.46 per share Tuesday morning, compared to the net
loss of $1.51 per share last year.
For 2011,
the company expects a profit of $1.05-$1.25 a share on sales of $880 million-$1.08
billion. Analysts, on average, were expecting the company to earn $1.88 a share
on sales of $946.8 million, according to Thomson Reuters.
YRC Worldwide Inc. (NASDAQ:YRCW) lost 15.30% to $2.27 as the company
has accepted to a term sheet with creditors to restructure its operations that
“contemplates a very substantial dilution of existing equity holders.”
The stock
has average daily volume of 2.45 million shares. At current market price, the
market capitalization of the company stands at $107.93 million.
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