Thursday, May 15, 2008

Yingli Beats by 40 Cents, Stock Down. And Trina Solar Breaks Out (YGE, TSL)

From CNN Money:

1Q profit of solar cell maker Yingli Green surges
Higher European, US demand lifts solar cell maker Yingli Green Energy's profit nearly 20-fold

...Net income for the three months ended March 31 increased to $31.9 million from $1.2 million. Earnings per American depositary share were 25 cents, compared with a per-ADS loss of 36 cents a year ago, which reflects the redemption of preferred shares.

Excluding one-time charges for amortization and stock-based compensation, the company earned 27 cents per share in the recent quarter. Analysts polled by Thomson Financial expected, on average, earnings per share of 19 cents....MORE

Trina via BigCharts: