Suntech (STP) & Trina Solar (TSL) Smash Earnings Estimates, Trading Higher

Posted by Tate Dwinnell | # |
09:22:08 am on November 19, 2009

Two pillars of the China solar industry, Trina Solar (TSL) and Suntech Power (STP) smashed the low expectations of analyst estimates this morning.

TSL reported a Q3 EPS of $1.29, versus the analyst estimate of $0.75. Revenue for the quarter was $249.7 million, much greater than the analyst estimate of $216.30 million.  Shares are trading higher again this morning, up about 4%.

Suntech (STP) reported  Q3 EPS of $0.16, 9 cents better than the analyst estimate of $0.07. Revenue for the quarter was $473.1 million which was much better than the estimate of $426.37 million. Shares are up about 2%

I’m short on time this morning, so don’t have time to get into the details of each report, but will take a look at both these later today.

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