Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Chinese clean tech company SmartHeat
So what: SmartHeat's third quarter actually looked pretty good. Revenue was up 36% from last year, and net income climbed 25%. Though earnings per share fell versus 2009 because of a higher share count, both earnings per share and revenue hopped over the bar Wall Street had set.
Now what: It was SmartHeat's outlook, though, that may have turned investors' smiles upside down. The company set revenue and earnings guidance for 2011 with midpoints of $148 million and $28 million, respectively, both short of analysts' estimates. In addition, fellow China clean tech player RINO International
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