Suntech Power (STP) Misses Q1 EPS Views; Revs Heavy; Guides Q2 Shipment Growth, Affirms FY11 Outlook
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Suntech Power Holdings Co. ADS (NYSE: STP) reported Q1 EPS of $0.17, $0.19 worse than the analyst estimate of $0.36. Revenue for the quarter came in at $899 million versus the consensus estimate of $864.82 million.
Total PV shipments decreased 3.1% sequentially, and increased 62.9% year-over-year.
Sees Q211 shipments growing in low-single-digits.
Reiterates FY11 shipment outlook.
Total PV shipments decreased 3.1% sequentially, and increased 62.9% year-over-year.
Sees Q211 shipments growing in low-single-digits.
Reiterates FY11 shipment outlook.
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