Trina Solar (TSL) Misses On Currency Fluctuation, Guides Higher

Posted by Tate Dwinnell | # |
09:06:37 am on August 18, 2008

Trina Solar (TSL) reported a very strong quarter and more than doubled profits but missed analyst estimates of .81/share by reporting .76/share after taking out the one time charge for the closing of the polysilicon project in Lianyungang.  The company was also hit on currency fluctuations to the tune of .24/share.  Revenues came in ahead of estimates and nearly tripled to 204.2 million and the company raised expectations for the year.

Trina Solar (TSL) is currently trading up nearly 3% and attempting to push above the 50 day moving average and carve out the right side of a big double bottom base.

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