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.