Trina Solar increases profit and gross margin in Q2 - Steven Mallas

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Trina Solar increases profit and gross margin in Q2
Aug 18, 2009 01:00 PM UTC

Steven Mallas

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Symbol	Sentiment	Start	Return	Closed
TSL	n/a
STP	n/a
ADS	n/a

Via BloggingStocks:

Filed under: Earnings reports, Trina Solar ADS (TSL), Suntech Power Hldgs ADS (STP), Technology

Trina Solar (NYSE: TSL), a maker of solar photovoltaic products and a colleague of Suntech Power Holdings (NYSE: STP), issued second-quarter results on Monday after the market closed. According to Reuters, Trina Solar beat market expectations.

Revenues decreased over 26% year-over-year (according to the actual press release, revenues increased over 13% on a sequential basis). Net income was 71 cents per American depositary share (ADS). Analysts were betting on 37 cents per ADS being the likely profit figure.

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Trina Solar increases profit and gross margin in Q2 originally appeared on BloggingStocks on Tue, 18 Aug 2009 08:00:00 EST. Please see our terms for use of feeds.

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