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