Trina Solar (TSL) Misses Q3 EPS by 7c; Boosts FY15 PV Shipment Outlook

Trina Solar (NYSE: TSL) reported Q3 EPS of $0.21, $0.07 worse than the analyst estimate of $0.28. Revenue for the quarter came in at $792.6 million versus the consensus estimate of $762.57 million.

Total module shipments from the Company's manufacturing facilities were 1,703.2 MW, consisting of 1,353.2 MW of external shipments and 350.0 MW of shipments to the Company's own downstream PV power projects. Total module shipments increased 38.3% sequentially and 60.1% year-over-year.

Outlook:

The Company raised its guidance for 2015 total PV module shipments to 5.5 GW to 5.6 GW from its original guidance of 4.9 GW to 5.1 GW, of which 4.6 GW to 4.7 GW will be shipped to third party customers. The revised guidance represents an increase of 50.3% to 53.0% from 2014.

For earnings history and earnings-related data on Trina Solar (TSL) click here.

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