Wednesday, July 16, 2008

Trina Solar Announces Selected Estimated Second Quarter Results (TSL)

From the Press Release via Yahoo Finance:
...For the second quarter of 2008, the Company expects its net revenues to be in the range of approximately $200 million to $205 million, exceeding its forecasted range of $169 million to $177 million. The new range represents an approximately 65% to 70% increase from its net revenues in the first quarter of 2008. During the quarter, the Company shipped approximately 47MW of PV modules. Gross margin is expected to be in the range of approximately 22.5% to 23.5%, and operating margin is expected to be in the range of approximately 14.0% to 15.2% for the second quarter of 2008. As these results are subject to the Company's normal, quarter-end closing procedures, the Company's actual results may differ from its current estimates....