ReneSola Ltd. (SOL) Posts Q3 Loss of 91c/Share; Guides Q4 Revs Below Views

November 30, 2012 6:05 AM EST
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ReneSola Ltd. (NYSE: SOL) reported Q3 EPS of ($0.91), $0.60 worse than the analyst estimate of ($0.31). Revenue for the quarter came in at $218.2 million versus the consensus estimate of $215.77 million.

Total solar wafer and module shipments in Q3 2012 were 532.8 megawatts ("MW"), exceeding Company guidance and representing an increase of 5.8% from 503.7 MW in Q2 2012.

For Q4 2012, the Company expects total solar wafer and module shipments to be in the range of 635 MW to 675 MW, with solar module shipments expected to be in the range of 250 MW to 270 MW. Revenues are expected to be in the range of US$240 million to US$260 million and gross margin is expected to be positive in Q4 2012.

The Street sees revs of $288.64 million.

For earnings history and earnings-related data on ReneSola Ltd. (SOL) click here.

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