The stock does not usually trade after-hours. Today it is up 45 cents (1.70%) AH.
From Yahoo Finance:
4:38PM Trina Solar beats by $0.39, reports revs in-line (TSL) 26.42 -1.89 : Reports Q2 (Jun) earnings of $0.71 per share, $0.39 better than the First Call consensus of $0.32; revenues fell 26.5% year/year to $150 mln vs the $149.5 mln consensus. Gross margin was 27.4%, compared to 17.2% sequentially and 23.2% year-over-year. The sequential and year-over-year improvements were due primarily to lower average silicon purchase prices. Operating income and operating margin were $18.6 million and 12.4%, respectively, compared to $6.8 million and 5.2%, respectively, in the first quarter of 2009. Operating income includes a $5.0 million write-off of accounts receivable. Net income was $18.9 million, which included a foreign currency exchange gain of $13.7 million, compared to a net loss of $10.6 million in the first quarter of 2009. For the third quarter of 2009, the Company expects to ship between 90 MW to 110 MW of PV modules. The Company believes gross margin for the third quarter of 2009 will likely be between 23.5% and 26.5%. For the full year of 2009 the Company reiterates the guidance for total PV module shipments between 350 MW to 400 MW, representing an increase of 74% to 99% from 2008. In the second quarter of 2009, the Company's non-silicon manufacturing cost for its multicrystalline modules decreased approximately $0.06 to $0.73 per watt. For the full year 2009, the Company reiterates expectations to reduce its manufacturing costs by between 15% to 20% through a combination of technology and manufacturing process improvements together with supply chain and logistics management initiatives currently under testing or development. Through yield increases achieved from improved cell conversion efficiency rates, improved production efficiencies and manufacturing line enhancements, the Company is on target to increase its annualized in-house production capacities of PV cells and modules from the current 400 MW to approximately 450 MW by the end of September 2009. Furthermore, the Company expects to increase approximately 150 MW of additional capacity as part of its new East Campus capacity expansion initiative, achieving a total annualized cell and module production capacity of 600 MW by the end of 2009.From Reuters:
UPDATE 1-Trina Solar profit tops Wall Street view
* Q2 profit $0.71/ADS vs Wall Street view $0.37
* Q2 revenue down 26.5 percent to $150 million
* Shares up 2.2 pct in extended trade
LOS ANGELES, Aug 17 (Reuters) - Chinese solar company Trina Solar Ltd (TSL.N) posted a quarterly profit on Monday that beat Wall Street expectations as costs for polysilicon fell, sending the company's shares up 2.2 percent.
The company maintained its full-year shipments outlook.
Changzhou, China-based Trina posted a second-quarter net profit of $18.9 million, or 71 cents per American Depositary share, compared with a net profit of $17.1 million or 68 cents per share, a year ago.
The earnings beat the 37 cents that analysts expected on average, according to Reuters Estimates.
Revenue fell 26.5 percent to $150 million, about in line with analysts' estimates.
Gross margins were 27.4 percent, compared with 23 percent in the second quarter of 2008....MORE
UPDATE from Reuters adds analyst comment