Yingli Green Energy released its 3rd quarter results last week. Net revenue went up quite a bit, increasing to RMB 2,209.8 million (USD $325.5 million) from RMB 1,987 million in the 2nd quarter of 2008 and RMB 1,276.5 million in the 3rd quarter of last year. However, due to the depreciation of the euro against the Renminbi, gross profits actually declined from the 2nd quarter. Gross profit came in at RMB 492.6 million (USD $72.6 … Read the rest
Tag Archives: 3rd quarter results
China Sunergy (CSUN) Reports 3rd Quarter Results
China Sunergy reported its 3rd quarter results today. Compared to the third quarter of last year, the company has grown significantly. This year, revenues for the 3rd quarter are up 142.9% compared to the third quarter of last year, increasing to $119 million. This was also a 6.6% increase compared to the 2nd quarter of 2008.
Non-GAAP net income also increased compared to the 3rd quarter of last year, rising from a loss of … Read the rest
Canadian Solar , Inc (CSIQ) Reports 3rd Quarter Results, Slashes Guidance
Canadian Solar, Inc reported its 3rd quarter results today. The company has grown quite a bit since the third quarter of last year. Last year, the company reported net revenues of $97.4 million in the third quarter. Th9is year, that figure has jumped to $252 million. GAAP net income in the third quarter of last year was $.5 million, or .02/diluted share. This year, it’s $10.5 million or $.36 per diluted share. Non-GAAP earnings … Read the rest
Suntech Power (STP) 3rd Quarter Results In, Profits Increase But Company Still Performing Below Expectations
Suntech Power reported its 3rd quarter results this morning. Although the company’s results do show continued growth, they were well below what analysts had expected to see. For example, Suntech reported revenues of $594.4 million. Although this was an increase of 53.7% from last year, it was still below analysts predictions of $571.7 million. Earnings came in at .35/share, excluding one-time items. Analysts had expected to see earnings of $.42/share.
Due to the … Read the rest
LDK Solar (LDK) Reports 3rd Quarter Results, Growing Sales Fuel Higher Earnings
In some good news, LDK Solar reported its 3rd quarter results today. The company’s third quarter earnings jumped due to higher demand and increased sales. For example, revenue jumped a whopping 241% to $541.8 million, beating the company’s own predictions. Net income increased from $41.6 million, or 37 cents per American Depositary share, one year ago to $88.4 million or 77 cents per ADS, beating Wall Street analysts’ expectations of 71 cents per share. … Read the rest
Gushan Environmental Energies Ltd (GU) Releases 3rd Quarter Results
Gushan Environmental Energies released its 3rd quarter results today. Revenues increased 82.9% compared to last year’s third quarter, coming in at $66 million. Also compared to last year, gross profit is up 47.8% to $24.0 million. Compared to last year, income from operations is up 36.6% to $19.9 million. Non-GAAP net income, however, decreased by 3.5% from last year, coming in at $12.7 million. Since this time last year, Gushan has increased their biodiesel capacity … Read the rest
JA Solar Holdings Co Ltd (JASO) Posts Third Quarter Results
JA Solar Holdings posted mixed results today, sending their share prices down in pre-market trading by 19%, to $2.70 per share. The company reported a net loss of $21.0 million, or 36 cents per ADS, compared to third quarter of 2007, when it earned $24.4 million, or .17 cents per ADS.
However, this loss was primarily related to one-time losses from deals with Lehman Brothers. The company lost $100 million in investments, $7.3 million … Read the rest
Advanced Environmental Recycling Technologies (AERT) Releases 3rd Quarter Results
AERT Sales were down compared to the third quarter of last year, dropping from $25.2 million in the third quarter of 2007 to $18.6 million today. However, since the company was also able to reduce operating expenses during that time, gross margins increased to 10.1% of sales in the third quarter of this year, versus 8.2% last year. The net loss stayed about the same-this year it was $1.9 million, and in the third quarter … Read the rest
3rd Quarter Financial Results In For Advanced Battery Technologies (ABAT)
ABAT reported strong 3rd quarter results today. Revenue jumped from $8.6 million dollars in the 3rd quarter of 2007 to $12.7 million in the third quarter of 2008-an increase of 47.7%! Gross profit also increased substantially, from $4.0 million last year to $5.9 million this year, an increase of 47.8%. Net income increased from $3.6 million or $0.07 per diluted share in the third quarter of 2007 to $4.4 million, or $0.08 per diluted share … Read the rest
Energy Focus, Inc (EFOI) Posts 3rd Quarter Results
Energy Focus, Inc released promising 3rd quarter results yesterday. Compared to last year, revenues have risen 11%, going from $5.7 million in the 3rd quarter of last year to $6.4 million for the 3rd quarter of 2008. The company reported a net loss this quarter of $1.6 million, or .11 per share, which compares favorably with the 3rd quarter of last year, when they reported a net loss of $3.2 million or .28 per … Read the rest