Trina Solar (TSL) Tops Q2 EPS by 17c; Boosts FY15 PV Shipments Outlook

Trina Solar (NYSE: TSL) reported Q2 EPS of $0.42, $0.17 better than the analyst estimate of $0.25. Revenue for the quarter came in at $722.9 million versus the consensus estimate of $651.71 million.

Total module shipments from the Company's manufacturing facilities were 1,231.6 MW, consisting of 1,000.7 MW of external shipments and 230.9 MW of shipments to the Company's own downstream PV power projects, an increase of 20.0% sequentially and 30.6% year-over-year. This compares to the Company's guidance of 1,100 MW to 1,140 MW of total module shipments.

Outlook:

The Company raised its guidance for 2015 total PV module shipments to 4.9 GW to 5.1 GW from its original guidance of 4.4 GW to 4.6 GW, of which 700 MW to 800 MW of PV modules will be shipped to the Company's PV power projects. The total shipment volume represents an increase of 33.9% to 39.3% from 2014.

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

You May Also Be Interested In

• Gilead Sciences (GILD) Misses Q1 EPS by 288c
• Macatawa Bank (MCBC) Misses Q1 EPS by 1c
• Allison Transmission (ALSN) Tops Q1 EPS by 2c, Beats on Revenue; Offers FY24 Revenue Guidance