China Sunergy Co.,Ltd (CSUN) Misses Q2 EPS Views; Guides Q3, FY11 Shipments
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China Sunergy Co.,Ltd (NASDAQ: CSUN) reported Q2 EPS of ($0.42), $0.24 worse than the analyst estimate of ($0.18). Revenue for the quarter came in at $144 million versus the consensus estimate of $164.96 million.
Shipments were 89.3-MW in the quarter.
The Company believes that third quarter shipments will be 140MW to 160MW. The Company expects its gross margin for the third quarter of 2011 to be between 4% and 5%, with an in-house margin of 6% to 7%.
For the full year 2011 guidance, the Company now expects its solar module shipments to be between 470MW and 500MW.
Shipments were 89.3-MW in the quarter.
The Company believes that third quarter shipments will be 140MW to 160MW. The Company expects its gross margin for the third quarter of 2011 to be between 4% and 5%, with an in-house margin of 6% to 7%.
For the full year 2011 guidance, the Company now expects its solar module shipments to be between 470MW and 500MW.
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