Monday, August 17, 2009

Trina Solar Q2 In Line With Pre-Announcement

A more muted headline from Tech Trader Daily. Here's their take:

Trina Solar (TSL) this afternoon reported Q2 results in line with its recent pre-announcement.

The company posted revenue of $150 million, solar module shipments of 64 MW, gross margin of 27.4%, operating margin of 12.4% and EPS of 71 cents a share, including 30 cents from the impact of foreign exchange gains offset by receivables write-offs. Trina late last month said it expected to report revenue of $148 million to $152 million, module shipments of 63-65 MW, gross margin of 26%-28%, and operating margin of 11.5%-13.5%.>>>MORE