Suntech (STP) Reports Q1 Loss of 74c/Share; Guides Q2, FY12 Shipments

Suntech Power Holdings (NYSE: STP) reported Q1 EPS of ($0.74), $0.24 worse than the analyst estimate of ($0.50). Revenue for the quarter came in at $409.5 million versus the consensus estimate of $408.24 million. Shipments fell 27 percent from last quarter.

Looking for Q2 shipments up over 20 percent from Q1. Sees FY12 shipments of 2.1-2.5GW.

For earnings history and earnings-related data on Suntech Power Holdings (STP) click here.

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