Earnings Volatility Drives Solazyme and These Stocks in a New Direction
Solazyme Inc (NASDAQ:SZYM) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. Adjusted Earnings Per Share decreased to $-0.28 in the quarter versus EPS of $-0.32 in the year-earlier quarter. Revenue Decreased 17.34% to $11.2 million from the year-earlier quarter.
Solazyme Inc reported adjusted EPS loss of $0.28 per share. By that measure, the company beat the mean analyst estimate of $-0.37. It beat the average revenue estimate of $10.66 million.