Trina Solar (TSL) Tops Q1 EPS by 7c

Trina Solar (NYSE: TSL) reported Q1 EPS of $0.29, $0.07 better than the analyst estimate of $0.22. Revenue for the quarter came in at $816.9 million versus the consensus estimate of $786.08 million.

Total module shipments were 1,423.3 MW, consisting of 1,370.4 MW of external shipments and 52.9 MW of shipments to the Company's own downstream power projects. Total module shipments decreased 19.9% sequentially and increased 38.7% year-over-year.

Second Quarter of 2016 Guidance

The Company expects to ship between 1.50 GW and 1.60 GW of PV modules, of which 40 MW to 50 MW of PV modules will be shipped to the Company's downstream PV projects, from which revenues will not be recognized.

Fiscal Year 2016 Guidance

The Company reiterates its total PV module shipment guidance of between 6.30 GW and 6.55 GW, of which 220 MW to 260 MW will be shipped to the Company's downstream projects, from which revenues will not be recognized.

The Company updates its 2016 guidance of global solar power project connections to between 400 MW and 500 MW from the original guidance of 750 MW to 850 MW, including 15% to 20% of DG projects in China.

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

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