Suntech is the largest of the Chinese Solars. In early pre-market trade the stock is changing hands at $15.50, up 41 cents.
* Q3 EPS of 16 cts vs Wall Street view of 8 cts
* Q3 revenue of $473.1 mln vs Street view $426.6 mln
* Shares up 3.5 pct in premarket trade
NEW YORK, Nov 19 (Reuters) - Suntech Power Holdings Co Ltd (STP.N) posted a 30 percent drop in quarterly profit on Thursday, but the results topped Wall Street estimates, and the Chinese solar panel maker raised its forecast for full-year shipments.
The third-quarter net profit was $29.8 million, or 16 cents per American Depository share, compared with $42.6 million, or 25 cents per ADS, a year earlier.
That beat the 8 cents per share that analysts had on average forecast, according to Thomson Reuters I/B/E/S.
Revenue fell 20 percent to $473.1 million, topping the $426.6 million analysts were expecting....MORE