The consensus estimates were 3 cents, high est. was a nickel. The stock is up 12%, premarket.
Solar cell manufacturer China Sunergy Co. said Friday that it swung to a second quarter net profit of $3.1 million, or 8 cents a share, from a loss of $3.8 million, or 14 cents a share, a year earlier. Revenue for the period almost doubled to $111.6 million from $56.2 million....MORE
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..."Although we managed to improve margins during the first half of the year, we still face a number of potential challenges in the second half, in particular wafer costs and wafer quality." added Dr. Wang. "Despite these challenges I am confident that our improving supply pipeline, declining wafer costs, and higher conversion efficiencies, will strengthen our gross margin from the end of this year and into 2009....MORE