Trina Solar Ltd. (TSL) Posts Q1 Loss of 42c/Share; Guides Q2, FY12 Shipments

May 23, 2012 6:33 AM EDT
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Trina Solar Ltd. (NYSE: TSL) reported Q1 EPS of ($0.42), $0.13 worse than the analyst estimate of ($0.29). Revenue for the quarter came in at $349.9 million versus the consensus estimate of $396.24 million.

Solar module shipments were approximately 380 MW for the first quarter of 2012, compared to the Company's previous guidance of between 400 MW to 430 MW, representing a decrease of 10.6% sequentially

For the second quarter of 2012, the Company expects to ship between 500 MW to 520 MW of PV modules.

For the full year 2012, the Company expects total PV module shipments between 2.0 to 2.1 GW, representing an increase of 32.5% to 39.1%, respectively, from 2011.

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

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