Broadwind Energy, Inc. (Nasdaq:BWEN) reported sales of $39.3 million for the second quarter of 2011, a 17% increase compared to $33.6 million in the second quarter of 2010. The increase was attributable to a 48% increase in Tower segment revenues in response to higher demand compared to the prior year second quarter. The Company reported a net loss from continuing operations of $4.4 million or $0.04 per share in the second quarter of 2011 compared to a loss of $13.2 million or $0.12 per share during the second quarter of 2010. The improvement against second quarter 2010 was the result of the beneficial impact of increased sales, a higher margin mix and the absence of a $4.6 million impairment recognized in the prior year.
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(BWEN, CRWE, BSQR, CLNO, EVEP) Stock in Review by DrStockPick.com
August 15th, 2011 at 01:37 pm