From Tech Trader Daily:
Yingli Green Energy (YGE) shares are down sharply this morning despite better-than-expected Q2 results.
For the quarter, Yingli posted revenue of $219.5 million and non-GAAP profits of $17.5 million or 14 cents a share, better than the Street consensus of $213.5 million in revenue and EPS of 4 cents. Revenue was up 49.9% sequentially, but down 24.6% year over year. Net income in the quarter includes a gain of $15.9 million on foreign currency, accounting for the better-expected per-share results....MORE
